Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2015 | Jan. 29, 2016 | Jun. 30, 2015 | |
Document And Entity Information | |||
Entity Registrant Name | ANDES 9 INC. | ||
Entity Central Index Key | 1,650,203 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2015 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Is Entity a Well-known Seasoned Issuer? | No | ||
Is Entity a Voluntary Filer? | No | ||
Is Entity's Reporting Status Current? | No | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Public Float | $ 0 | ||
Entity Common Stock, Shares Outstanding | 10,000,000 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2,015 |
Balance Sheets
Balance Sheets | Dec. 31, 2015USD ($) |
Current assets: | |
Cash | $ 0 |
Total assets | 0 |
Current liabilities | |
Accounts payable and accrued liabilities | 1,626 |
Total current liabilities | 1,876 |
Stockholders' deficit: | |
Preferred stock | 0 |
Common stock | 1,000 |
Additional paid-in capital | 1,000 |
Accumulated deficit | (3,876) |
Total stockholders' deficit | (1,876) |
Total liabilities and stockholders' deficit | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) | Dec. 31, 2015$ / sharesshares |
Statement of Financial Position [Abstract] | |
Common stock, par value | $ / shares | $ 0.0001 |
Common stock, shares authorized | 100,000,000 |
Common stock, shares issued | 10,000,000 |
Common stock, shares outstanding | 10,000,000 |
Preferred stock, par value | $ / shares | $ 0.0001 |
Preferred stock, shares authorized | 5,000,000 |
Preferred stock, issued | 0 |
Preferred stock, outstanding | 0 |
Statements of Operations
Statements of Operations | 5 Months Ended |
Dec. 31, 2015USD ($)$ / sharesshares | |
Income Statement [Abstract] | |
Revenue | $ 0 |
Operating expenses: | |
General and administrative | 3,876 |
Total operating expenses | 3,876 |
Net loss | $ (3,876) |
Basic loss per common share | $ / shares | $ 0 |
Basic weighted average common shares outstanding | shares | 10,000,000 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 5 Months Ended | 12 Months Ended |
Dec. 31, 2015 | Dec. 31, 2015 | |
Cash flows from operating activities: | ||
Net loss | $ (3,876) | |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
Stock-based compensation - related party | 1,000 | |
Changes in operating assets and liabilities: | ||
Accounts payable and accrued liabilities | 1,626 | |
Net cash used in operating activities | (1,000) | |
Cash flows from financing activities: | ||
Proceeds from contributed capital - related party | 1,000 | $ 1,000 |
Net cash provided by financing activities | 1,000 | |
Net change in cash | 0 | |
Cash, beginning of period | 0 | |
Cash, end of period | 0 | $ 0 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Cash paid for interest | 0 | |
Cash paid for taxes | $ 0 |
Shareholders Equity
Shareholders Equity - 5 months ended Dec. 31, 2015 - USD ($) | Common Stock | Additional Paid-In Capital | Retained Earnings / Accumulated Deficit | Total |
Balance, Value at Jul. 26, 2015 | $ 0 | |||
Balance, Shares at Jul. 26, 2015 | 0 | |||
Shares issued for services, value | $ 1,000 | $ 1,000 | ||
Shares issued for services, shares | 10,000,000 | |||
Proceeds from contributed capital - related party | $ 1,000 | 1,000 | ||
Net Loss | $ (3,876) | (3,876) | ||
Balance, Value at Dec. 31, 2015 | $ 1,000 | $ 1,000 | $ (3,876) | $ (1,876) |
Balance, Shares at Dec. 31, 2015 | 10,000,000 |
DESCRIPTION OF BUSINESS AND HIS
DESCRIPTION OF BUSINESS AND HISTORY | 12 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
DESCRIPTION OF BUSINESS AND HISTORY | DESCRIPTION OF BUSINESS AND HISTORY Description of Business |
SUMMARY OF SIGNIFICANT POLICIES
SUMMARY OF SIGNIFICANT POLICIES | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT POLICIES | SUMMARY OF SIGNIFICANT POLICIES Accounting Method Use of estimates Cash and cash equivalents Revenue Recognition Earnings (loss) per share Stock-based compensation Income taxes The Company recorded valuation allowances on the net deferred tax assets. Management will reassess the realization of deferred tax assets based on the accounting standards for income taxes each reporting period. To the extent that the financial results of operations improve and it becomes more likely than not that the deferred tax assets are realizable, the Company will be able to reduce the valuation allowance. Significant judgment is required in evaluating the Company’s tax positions and determining its provision for income taxes. During the ordinary course of business, there are many transactions and calculations for which the ultimate tax determination is uncertain. Accounting standards regarding uncertainty in income taxes provides a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount which is more than 50% likely, based solely on the technical merits, of being sustained on examinations. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and which may not accurately anticipate actual outcomes. Fair Value of Financial Instrument Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. The Company monitors the market conditions and evaluates the fair value hierarchy levels at least quarterly. For any transfers in and out of the levels of the fair value hierarchy, the Company elects to disclose the fair value measurement at the beginning of the reporting period during which the transfer occurred. The Company's financial instruments consisted of cash, short-term investment, related party advances, and notes payable. The estimated fair value of these instruments approximates its carrying amount due to the short maturity of these instruments. Recent Accounting Pronouncements |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses since inception and had a deficit accumulated of $3,876 as of December 31, 2015. The Company requires capital for its contemplated operational and marketing activities. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties. In order to mitigate the risk related with this uncertainty, the Company plans to issue additional shares of common stock for cash and services during the next 12 months. |
DUE TO RELATED PARTY
DUE TO RELATED PARTY | 12 Months Ended |
Dec. 31, 2015 | |
Related Party Transactions [Abstract] | |
DUE TO RELATED PARTY | DUE TO RELATED PARTY There were no due to related party balances as of December 31, 2015. During the period, July 27, 2015 through December 31, 2015, there were related party transactions related to audit and review fees of $1,250 paid by the Companys sole shareholder on behalf of the Company. These fees were recorded as additional paid-in capital. |
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Preferred Stock Common Stock Upon formation of the Company on July 27, 2015, the Board of Directors issued 10,000,000 shares of common stock for $1,000 in services to the founding shareholder of the Company. In addition, the founding shareholder made a contribution of $1,000 to the Company which was recorded as stock-based compensation for the year ended December 31, 2015, which is recorded as additional paid-in capital. Pursuant to Note 4, there were no due to related party balances as of December 31, 2015. During the period, July 27, 2015 through December 31, 2015, there were related party transactions related to audit and review fees paid by the Companys sole shareholder on behalf of the Company. These fees were recorded as additional paid-in capital. |
SUMMARY OF SIGNIFICANT POLICI12
SUMMARY OF SIGNIFICANT POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Accounting Method | Accounting Method |
Use of estimates | Use of estimates |
Cash and cash equivalents | Cash and cash equivalents |
Revenue Recognition | Revenue Recognition |
Earnings (loss) per share | Earnings (loss) per share |
Stock-based compensation | Stock-based compensation |
Income taxes | Income taxes The Company recorded valuation allowances on the net deferred tax assets. Management will reassess the realization of deferred tax assets based on the accounting standards for income taxes each reporting period. To the extent that the financial results of operations improve and it becomes more likely than not that the deferred tax assets are realizable, the Company will be able to reduce the valuation allowance. Significant judgment is required in evaluating the Company’s tax positions and determining its provision for income taxes. During the ordinary course of business, there are many transactions and calculations for which the ultimate tax determination is uncertain. Accounting standards regarding uncertainty in income taxes provides a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount which is more than 50% likely, based solely on the technical merits, of being sustained on examinations. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and which may not accurately anticipate actual outcomes. |
Fair Value of Financial Instrument | Fair Value of Financial Instrument Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. The Company monitors the market conditions and evaluates the fair value hierarchy levels at least quarterly. For any transfers in and out of the levels of the fair value hierarchy, the Company elects to disclose the fair value measurement at the beginning of the reporting period during which the transfer occurred. The Company's financial instruments consisted of cash, short-term investment, related party advances, and notes payable. The estimated fair value of these instruments approximates its carrying amount due to the short maturity of these instruments. Recent Accounting Pronouncements |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) | Dec. 31, 2015USD ($) |
Going Concern Details Narrative | |
Accumulated deficit | $ (3,876) |
STOCKHOLDERS' EQUITY (Details N
STOCKHOLDERS' EQUITY (Details Narrative) | 5 Months Ended | 12 Months Ended |
Dec. 31, 2015USD ($)$ / sharesshares | Dec. 31, 2015USD ($)$ / sharesshares | |
Stockholders Equity Details Narrative | ||
Common stock, par value | $ / shares | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 10,000,000 | 10,000,000 |
Common stock, shares outstanding | 10,000,000 | 10,000,000 |
Preferred stock, par value | $ / shares | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, issued | 0 | 0 |
Preferred stock, outstanding | 0 | 0 |
Shares issued for services, value | $ | $ 1,000 | $ 1,000 |
Shares issued for services, shares | 10,000,000 | |
Proceeds from contributed capital - related party | $ | $ 1,000 | $ 1,000 |