Andes 7 10-K 1 Feb 16 2015 FY Annual report Financial data

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 7 INC.
Entity Central Index Key	1,650,205
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	1,619
Total current liabilities	1,619
Stockholders' deficit:
Preferred stock	0
Common stock	1,000
Additional paid-in capital	1,250
Accumulated deficit	(3,869)
Total stockholders' deficit	(1,619)
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	3,869
Total operating expenses	3,869
Net loss	$ (3,869)
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	$ (3,869)
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	1,619
Net cash used in operating activities	(1,250)
Cash flows from financing activities:
Proceeds from contributed capital - related party	1,250	$ 1,000
Net cash provided by financing activities	1,250
Net change in cash	0
Cash, beginning of period	0
Cash, end of period	0	$ 0
NONCASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued to founder for services rendered	1,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	0
Cash paid for taxes	$ 0

Shareholders Equity

Shareholders Equity - USD ($)	5 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015
Common Stock
Shares issued for services, value	$ 1,000
Shares issued for services, shares	10,000,000
Balance, Value	$ 1,000	$ 1,000
Balance, Shares	10,000,000	10,000,000
Additional Paid-In Capital
Proceeds from contributed capital - related party	$ 1,250
Balance, Value	1,250	$ 1,250
Retained Earnings / Accumulated Deficit
Net Loss	(3,869)
Balance, Value	(3,869)	(3,869)
Shares issued for services, value	1,000	$ 1,000
Shares issued for services, shares		10,000,000
Proceeds from contributed capital - related party	1,250	$ 1,000
Net Loss	(3,869)
Balance, Value	$ (1,619)	$ (1,619)

DESCRIPTION OF BUSINESS AND HIS

DESCRIPTION OF BUSINESS AND HISTORY	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
1. DESCRIPTION OF BUSINESS AND HISTORY	1. 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	2. 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	3. 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 during the development stage of $3,869 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	4. 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 Company’s 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	5. 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 Company’s sole shareholder on behalf of the Company. These fees were recorded as additional paid-in capital.

COMMITMENT

COMMITMENT	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENT	6. COMMITMENT There is no commitment or contingency to disclose during the year ended December 31, 2015.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	7. SUBSEQUENT EVENTS None.

SUMMARY OF SIGNIFICANT POLICI14

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	$ (3,869)

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 | $	$ 1,250	$ 1,000