Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Sep. 30, 2020 | Dec. 15, 2020 | Mar. 31, 2020 | |
Document And Entity Information | |||
Entity Registrant Name | Road Marshall, Inc. | ||
Entity Central Index Key | 0001657249 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --09-30 | ||
Is Entity's Reporting Status Current? | Yes | ||
Entity Emerging Growth Company | true | ||
Entity Well-known Seasoned Issuer | No | ||
Document Type | 10-K | ||
Document Period End Date | Sep. 30, 2020 | ||
Document Fiscal Year Focus | 2020 | ||
Document Fiscal Period Focus | FY | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Shell Company | false | ||
Entity Voluntary Filer | No | ||
Entity Public Float | $ 500 | ||
Entity Common Stock, Shares Outstanding | 20,000,000 | ||
Smaller Reporting Company | true | ||
Transition Period | false | ||
Interactive Data Current? | Yes | ||
State of Domestication | DE | ||
File Number | 333-208472 |
Balance Sheets
Balance Sheets - USD ($) | Sep. 30, 2020 | Sep. 30, 2019 |
Current assets: | ||
Cash and cash equivalents | $ 8,000 | $ 8,000 |
Total assets | 8,000 | 8,000 |
Current liabilities: | ||
Accrued Expenses | 3,748 | 3,837 |
Total Current Liabilities | 3,748 | 3,837 |
Stockholders' Equity: | ||
Preferred stock ($.0001 par value, 20,000,000 shares authorized; 100,000 issued and outstanding as of September 30, 2020 and September 30, 2019) | 10 | 10 |
Common stock ($.0001 par value, 500,000,000 shares authorized, 20,000,000 shares issued and outstanding as of September 30, 2020 and September 30, 2019) | 2,000 | 2,000 |
Additional paid-in capital | 186,205 | 159,198 |
Stock subscription receivable | (25,000) | (25,000) |
Accumulated deficit | (158,963) | (132,045) |
Total stockholders' equity | 4,252 | 4,163 |
Total liabilities and stockholders' equity | $ 8,000 | $ 8,000 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2020 | Sep. 30, 2019 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.0001 | $ .0001 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 100,000 | 100,000 |
Preferred stock, shares outstanding | 100,000 | 100,000 |
Common stock, par value | $ 0.0001 | $ .0001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 20,000,000 | 20,000,000 |
Common stock, shares outstanding | 20,000,000 | 20,000,000 |
Statement of Operations
Statement of Operations - USD ($) | 12 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Operating expenses: | ||
General and administrative expenses | $ 26,918 | $ 26,507 |
Total operating expenses | 26,918 | 26,507 |
Net loss | $ (26,918) | $ (26,507) |
Net loss per common share - Basic and Diluted | $ 0 | $ 0 |
Weighted average number of common shares outstanding - Basic and Diluted | 20,000,000 | 20,000,000 |
Statements of Changes in Shareh
Statements of Changes in Shareholders Equity - USD ($) | Preferred Stock | Common Stock | Subscription Receivable | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning Balance (Monetary) at Sep. 30, 2018 | $ 10 | $ 2,000 | $ (25,000) | $ 130,700 | $ (105,538) | $ 2,172 |
Beginning Balance (Shares) at Sep. 30, 2018 | 100,000 | 20,000,000 | ||||
Contribution of Capital | 28,498 | 28,498 | ||||
Net loss | (26,507) | (26,507) | ||||
Ending Balance (Monetary) at Sep. 30, 2019 | $ 10 | $ 2,000 | (25,000) | 159,198 | (132,045) | 4,163 |
Ending Balance (Shares) at Sep. 30, 2019 | 100,000 | 20,000,000 | ||||
Contribution of Capital | 27,007 | 27,007 | ||||
Net loss | (26,918) | (26,918) | ||||
Ending Balance (Monetary) at Sep. 30, 2020 | $ 10 | $ 2,000 | $ (25,000) | $ 186,205 | $ (158,963) | $ 4,252 |
Ending Balance (Shares) at Sep. 30, 2020 | 100,000 | 20,000,000 |
Statement of Cash Flows
Statement of Cash Flows - USD ($) | 12 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Loss | $ (26,918) | $ (26,507) |
Changes in operating assets and liabilities | ||
Accrued Expenses | 26,918 | 26,507 |
Net cash provided by operating activities | ||
Net Change in Cash and Cash equivalents | ||
Cash and cash equivalents at beginning of period: | 8,000 | 8,000 |
Cash and cash equivalents at end of period: | 8,000 | 8,000 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Interest paid | ||
Income taxes paid | ||
NON-CASH INVESTING AND FINANCIAL ACTIVITIES: | ||
Operation expenses and accrued expense paid by shareholder | $ 27,007 | $ 28,498 |
Note 1 - Organization and Descr
Note 1 - Organization and Description of Business | 12 Months Ended |
Sep. 30, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Description of Business | NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Road Marshall, Inc. (the “Company”) was incorporated under the laws of the State of Delaware on September 17, 2015. Road Marshall, Inc. is a technology company engaged in the development of a mobile application for iOS and Android devices. The Company has elected September 30th as its year end. |
Note 2 - Changes in Significant
Note 2 - Changes in Significant Accounting Policies | 12 Months Ended |
Sep. 30, 2020 | |
Accounting Policies [Abstract] | |
Changes in Significant Accounting Policies | NOTE 2 - CHANGES IN SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation This summary of significant accounting policies is presented to assist in understanding the Company's financial statements. These accounting policies conform to accounting principles, generally accepted in the United States of America (“US GAAP”) and have been consistently applied in the preparation of the financial statements. Certain amounts from the prior year have been reclassified to conform to the current year presentation. This reclassification has no impact on the Company’s net earnings. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates. Due to the minimal level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern. Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Income Taxes The Company accounts for income taxes under ASC 740, “ Income Taxes Earnings (Loss) Per Share The Company computes basic and diluted earnings per share amounts in accordance with ASC Topic 260, Earnings per Share The Company does not have any potentially dilutive instruments for the years ended September 30, 2020 and 2019, thus, anti-dilution issues are not applicable. Fair Value of Financial Instruments The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures - Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. - Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. - Level 3 - Inputs that are both significant to the fair value measurement and unobservable. The carrying value of financial instruments including cash and cash equivalents and accrued expenses approximate their fair values due to the short-term nature of these instruments. Related Parties The Company follows ASC 850, Related Party Disclosures, Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. Recent Accounting Pronouncements The Company does not expect any recent accounting pronouncements to have a material impact to its financial position or result of operations. |
Note 3 - Going Concern
Note 3 - Going Concern | 12 Months Ended |
Sep. 30, 2020 | |
Going Concern [Abstract] | |
Going Concern | NOTE 3 - GOING CONCERN The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically recurring operating losses, accumulated deficit and other adverse key financial ratios. The Company did not generate any revenue during the year ended September 30, 2020. Management plans to fund operating expenses with related party contributions. There is no assurance that management's plan will be successful. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary if the Company cannot continue as a going concern. |
Note 4 - Income Taxes
Note 4 - Income Taxes | 12 Months Ended |
Sep. 30, 2020 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 4 - INCOME TAXES For the years ended September 30, 2020 and September 30, 2019, the Company incurred net operating losses and, accordingly, no provision for income taxes has been recorded. In addition, no benefit for income taxes has been recorded due to the uncertainty of the realization of any tax assets. At September 30, 2020, the Company had $158,963 of federal net operating losses. The provision for income taxes consisted of the following components for the years ended September 30, 2020 and September 30, 2019: The components of the Company’s deferred taxes assets are as follows: For the years ended September 30, 2020 2019 Deferred tax asset, generated from net operating loss at statutory rates $ 33,382 $ 27,729 Valuation allowance (33,382 ) (27,729 ) $ - $ - Accounting for Uncertainty in Income Taxes The Company has evaluated and concluded that there is no significant uncertain tax position requiring recognition in its financial statement. The Company may from time to time be assessed interest or penalties by major tax jurisdictions. In the event it receives an assessment for interest and/or penalties, it will be classified in the financial statements as tax expense. |
Note 5 - Shareholders Equity
Note 5 - Shareholders Equity | 12 Months Ended |
Sep. 30, 2020 | |
Equity [Abstract] | |
Shareholders Equity | NOTE 5 - SHAREHOLDERS’ EQUITY On May 18, 2016, the Company sold 5,000,000 shares of common stock per the Company’s effective S-1 Registration Statement, effective as of May 4, 2016. The shares of common stock were each sold at a price of $0.005 per share, resulting in $25,000 to the Company. This amount has been recorded as subscription receivable. |
Note 6 - Related Party Transact
Note 6 - Related Party Transactions | 12 Months Ended |
Sep. 30, 2020 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 6 - RELATED-PARTY TRANSACTIONS Equity During the years ended September 30, 2020 and 2019, operating expenses in the amount of $27,007 and $28,498, respectively, were paid by CEO, Engchoon Peh, on behalf of the Company, which are considered contributions to capital and recorded as additional paid in capital due to the fact that the CEO does not require repayment from the Company. Office furnished by related party The Company’s executive office is located at 194 Pandan Loop #05-08, Singapore. This office is furnished to the Company by its CEO at no charge. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Sep. 30, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Basis of Presentation This summary of significant accounting policies is presented to assist in understanding the Company's financial statements. These accounting policies conform to accounting principles, generally accepted in the United States of America (“US GAAP”) and have been consistently applied in the preparation of the financial statements. Certain amounts from the prior year have been reclassified to conform to the current year presentation. This reclassification has no impact on the Company’s net earnings. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates. Due to the minimal level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern. |
Cash Equivalents | Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. |
Income Taxes | Income Taxes The Company accounts for income taxes under ASC 740, “ Income Taxes |
Earnings (Loss) Per Share | Earnings (Loss) Per Share The Company computes basic and diluted earnings per share amounts in accordance with ASC Topic 260, Earnings per Share The Company does not have any potentially dilutive instruments for the years ended September 30, 2020 and 2019, thus, anti-dilution issues are not applicable. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures - Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. - Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. - Level 3 - Inputs that are both significant to the fair value measurement and unobservable. The carrying value of financial instruments including cash and cash equivalents and accrued expenses approximate their fair values due to the short-term nature of these instruments. |
Related Parties | Related Parties The Company follows ASC 850, Related Party Disclosures, Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company does not expect any recent accounting pronouncements to have a material impact to its financial position or result of operations. |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Sep. 30, 2020 | |
Income Taxes Tables Abstract | |
Income Taxes | The components of the Company’s deferred taxes assets are as follows: For the years ended September 30, 2020 2019 Deferred tax asset, generated from net operating loss at statutory rates $ 33,382 $ 27,729 Valuation allowance (33,382 ) (27,729 ) $ - $ - Accounting for Uncertainty in Income Taxes The Company has evaluated and concluded that there is no significant uncertain tax position requiring recognition in its financial statement. The Company may from time to time be assessed interest or penalties by major tax jurisdictions. In the event it receives an assessment for interest and/or penalties, it will be classified in the financial statements as tax expense. |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | 12 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Loan From Related Party Details Abstract | ||
Operating expenses paid by related party Engchoon Peh | $ 27,007 | $ 28,498 |