Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Aug. 14, 2018 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | ALL SOFT GELS INC | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 10,000,000 | |
Amendment Flag | false | |
Entity Central Index Key | 1,662,382 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Current assets | ||
Cash and cash equivalents | $ 0 | $ 13 |
Inventory | 2,260 | 2,260 |
Total current assets | 2,260 | 2,273 |
Total Assets | 2,260 | 2,273 |
Current liabilities | ||
Accounts payable | 5,253 | 19,148 |
Due to related parties | 16,448 | 86,066 |
Convertible notes payable | 0 | 69,600 |
Total current liabilities | 21,701 | 174,814 |
Commitments and contingencies | 0 | 0 |
Stockholders' equity (deficit) | ||
Common stock, $0.001 par value, 50,000,000 shares authorized, 10,000,000 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively | 10,000 | 10,000 |
Additional paid-in capital | 94,127 | 238 |
Accumulated deficit | (123,568) | (182,779) |
Total stockholders' equity (deficit) | (19,441) | (172,541) |
Total liabilities and stockholders' equity (deficit) | $ 2,260 | $ 2,273 |
BALANCE SHEETS (Parentheticals)
BALANCE SHEETS (Parentheticals) - $ / shares | Jun. 30, 2018 | Dec. 31, 2017 |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 10,000,000 | 10,000,000 |
Common stock, shares outstanding | 10,000,000 | 10,000,000 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Revenue | $ 0 | $ 0 | $ 0 | $ 6,750 |
Cost of good sold | 0 | 0 | 0 | (1,140) |
Gross Profit | 0 | 0 | 0 | 5,610 |
Operating expenses: | ||||
General and administrative | 16,317 | 18,468 | 16,561 | 42,179 |
Total operating expenses | 16,317 | 18,468 | 16,561 | 42,179 |
Net Operating Loss | (16,317) | (18,468) | (16,561) | (36,569) |
Other income (expense): | ||||
Gain on the forgiveness of debt | 80,296 | 0 | 80,296 | 0 |
Interest expense | (1,392) | (1,388) | (4,524) | (2,662) |
Total other expense | 78,904 | (1,388) | 75,772 | (2,662) |
Income (loss) before provision for income taxes | 62,587 | (19,856) | 59,211 | (39,231) |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net income (loss) | $ 62,587 | $ (19,856) | $ 59,211 | $ (39,231) |
Net income (loss) per share - basic and diluted (in Dollars per share) | $ 0.01 | $ 0 | $ 0.01 | $ 0 |
Weighted average shares outstanding - basic and diluted (in Shares) | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income (loss) | $ 59,211 | $ (39,231) |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
Gain on the forgiveness of debts | (80,296) | 0 |
Imputed interest | 0 | 2,662 |
Changes in assets and liabilities: | ||
Inventory | 0 | 1,140 |
Accounts payable and accrued expenses | 4,524 | 3,425 |
Due to related parties | 16,548 | (2,655) |
Net cash used in operating activities | (13) | (34,659) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from convertible notes payable | 0 | 34,600 |
Net cash provided by financing activities | 0 | 34,600 |
Net decrease in cash and cash equivalents | (13) | (59) |
Cash and cash equivalents at beginning of period | 13 | 160 |
Cash and cash equivalents at end of period | 0 | 101 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Interest paid | 0 | 0 |
Income taxes paid | 0 | 0 |
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
Forgiveness of related party debt | $ 93,889 | $ 0 |
Note 1 - Organization and Basis
Note 1 - Organization and Basis of Operations | 6 Months Ended |
Jun. 30, 2018 | |
Disclosure Text Block [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1 – Organization and Basis of Operations All Soft Gels Inc. (the “Company”) was incorporated in the State of Nevada on November 18, 2013 to market a soft gel Kre-Alkalyn capsule. On November 27, 2017, Gene Nelson, the Company’s founder, largest stockholder, and sole executive officer and director, sold all of his shares of common stock of the Company to Amer Samad, resulting in a change of control of the Company; however, such shares remain in Mr. Nelson’s name pursuant to the stock transfer records of the Company, and are expected to be transferred in name to Mr. Samad in August 2018. As part of that transaction, Mr. Nelson resigned from all of his officer and director positions, and Mr. Samad was appointed as the Chief Executive Officer, President, Treasurer and Secretary of the Company, and was appointed to the Board of Directors of the Company. The Company has not commenced its major operations of having its one product, a soft-gel capsule named All Soft Gels Kre-Alkalyn Liquid Gels, manufactured by an unaffiliated outside provider. However, the Company has distributed the product through limited sales on the Amazon.com website. As a result of the change of control transaction referred to above, the Company has suspended operations and is not currently marketing or seeking to manufacture All Soft Gels Kre-Alkalyn Liquid Gels, although the Company may recommence such operations in the future. As a result, the Company can be considered a shell company. |
Note 2 - Significant Accounting
Note 2 - Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | Note 2 – Significant Accounting Policies Basis of Presentation The financial statements have been prepared in accordance with United States generally accepted accounting principles and reflect all adjustments which, in the opinion of management, are necessary for a fair presentation. All such adjustments are of a normal recurring nature. The Company has adopted a fiscal year end of December 31st. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and equivalents include investments with initial maturities of six months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. Deposits with these banks may exceed the amount of insurance provided on such deposits; however, these deposits typically may be redeemed upon demand and, therefore, bear minimal risk. As of June 30, 2018 and December 31, 2017, the Company had no cash equivalents. Accounts Receivable Trade accounts receivable are periodically evaluated for collectability based on past credit history with customers and their current financial condition. Bad debts expense or write offs of receivables are determined on the basis of loss experience, known and inherent risks in the receivable portfolio and current economic conditions. During the periods ended June 30, 2018 and December 31, 2017, the Company wrote off accounts receivable totaling $0 and $0, respectively. There were no allowances for doubtful accounts recorded for the period ended June 30, 2018 or the year ended December 31, 2017. Income Taxes The Company accounts for income taxes using the asset and liability method, which requires the establishment of deferred tax assets and liabilities for the temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided to the extent deferred tax assets may not be recoverable after consideration of the future reversal of deferred tax liabilities, tax planning strategies, and projected future taxable income. Fair Value of Financial Instruments Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash and accrued expenses reported on the balance sheet are estimated by management to approximate fair value primarily due to the short term nature of the instruments. The Company had no items that required fair value measurement on a recurring basis. Revenue recognition Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured. There was no impact on the Company’s financial statements as a result of adopting Topic 606 for the year ended December 31, 2017. Basic and Diluted Loss Per Share The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the periods presented, there were no outstanding potential common stock equivalents and therefore basic and diluted earnings per share result in the same figure. Stock-based compensation The Company adopted FASB guidance on stock based compensation upon inception at November 18, 2013. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative. The Company did not issue any stock or options for services or compensation for the six months ended June 30, 2018 or June 30, 2017. Our employee stock-based compensation awards are accounted for under the fair value method of accounting, as such, we record the related expense based on the more reliable measurement of the services provided, or the fair market value of the stock issued multiplied by the number of shares awarded. We account for our employee stock options under the fair value method of accounting using a Black-Scholes valuation model to measure stock option expense at the date of grant. We do not backdate, re-price, or grant stock-based awards retroactively. As of the date of this report, we have not issued any stock options. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers,” which requires an entity to recognize revenue in an amount that reflects the consideration to which the entity expects to be entitled for the transfer of promised goods or services to customers. The standard also requires additional disclosure regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The ASU will replace most of the existing revenue recognition requirements in U.S. GAAP when it becomes effective. Further, the FASB has issued clarifying guidance with ASU No. 2016-08, “Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” ASU No. 2016-10, “Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing,” and ASU No. 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.” ASU No. 2016-08 provides guidance for evaluating when another party, along with the entity, is involved in providing a good or service to a customer. ASU No. 2016-10 clarifies assessing whether promises to transfer goods or services are distinct, and whether an entity’s promise to grant a license provides a customer with a right to use or right to access the entity’s intellectual property. ASU No. 2016-20 provides corrections or improvements to issues that affect narrow aspects of the guidance. The Company adopted the standards in the first quarter of fiscal year 2018. There are various other updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company’s consolidated financial position, results of operations or cash flows. |
Note 3 - Going Concern
Note 3 - Going Concern | 6 Months Ended |
Jun. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Substantial Doubt about Going Concern [Text Block] | Note 3 – Going Concern As shown in the accompanying financial statements, the Company has incurred recurring net losses from operations resulting in an accumulated deficit of $123,568, cash of $0, and a working capital deficit of $19,441 as of June 30, 2018. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is actively pursuing new ventures to increase revenues. In addition, the Company is currently seeking additional sources of capital to fund short term operations. The Company, however, is dependent upon its ability to secure equity and/or debt financing and there are no assurances that the Company will be successful, therefore, without sufficient financing it would be unlikely for the Company to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. The financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern. |
Note 4 - Inventory
Note 4 - Inventory | 6 Months Ended |
Jun. 30, 2018 | |
Inventory Disclosure [Abstract] | |
Inventory Disclosure [Text Block] | Note 4 – Inventory Inventory consists of soft-gel capsules produced by an independent third- party vendor. At June 30, 2018 and December 31, 2017, inventory consisted of finished goods inventory of $2,260, respectively Inventory is valued at the lower of cost or market, and is determined by the first-in, first-out method. |
Note 5 - Convertible Notes Paya
Note 5 - Convertible Notes Payable | 6 Months Ended |
Jun. 30, 2018 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | Note 5 – Convertible Notes Payable In November 2016, the Company issued a convertible note payable to a third party investor for cash proceeds in the amount of $35,000 (the “November 2016 Convertible Note”. The November 2016 Convertible Note was originally due 90 days from the date of the note, but was further extended to December 1, 2017. At the discretion of the investor, this note is also convertible into common stock of the Company 90 days after issuance at a rate of $0.002 per share, or a total of 17,500,000 shares. Since the conversion price of the November 2017 Convertible Note was above the stock price of $0.001 established in recent transactions, there was no beneficial conversion feature or discount associated with this note. The Company entered into a Loan Forgiveness Agreement, dated as of May 10, 2018, with Richard Clausing, pursuant to which, among other things, $35,000 of principal and accrued related accrued interest indebtedness held by Mr. Clausing was forgiven and the November 2016 Convertible Note was terminated. In January 2017, the Company issued a convertible note payable in the amount of $34,600 (the “January 2017 Convertible Note”). This note was originally due 90 days from the date of the note, but was further extended to December 1, 2017. At the discretion of the investor, this note is also convertible into common stock of the Company 90 days after issuance at a rate of $0.002 per share, or a total of 17,300,000 shares. Since the conversion price of the January 2017 Convertible Note was above the stock price of $0.001 established in recent transactions, there was no beneficial conversion feature associated with this note. The January 2017 Convertible Note was not funded until January 13, 2017, and therefore was recorded on the books on January 13, 2017. The Company entered into a Loan forgiveness Agreement, dated as of May 10, 2018, with Richard Ronan, pursuant to which, among other things, $34,600 of principal and related accrued interest indebtedness held by Mr. Ronan was forgiven and the January 2017 Convertible Note was terminated. |
Note 6 - Related Party Transact
Note 6 - Related Party Transactions | 6 Months Ended |
Jun. 30, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | Note 6 – Related Party Transactions During the six months ended June 30, 2018, the Company’s former CEO, Gene Nelson, advanced the company $100, net to fund operations. Mr. Nelson was owed the amount of $23,500. This amounts bear interest at the rate of 3% per annum, and are due on demand. Effective January 15, 2016, the Company entered into a two year employment agreement with Mr. Nelson, which provided Mr. Nelson with a salary of $55,000 per year. Pursuant to this contract, Mr. Nelson was owed $62,666. The Company entered into a Loan and Compensation Forgiveness Agreement, dated as of May 10, 2018, with Mr. Nelson, pursuant to which, among other things, an aggregate of $86,166 of principal and related accrued payroll taxes indebtedness and accrued salary held by Mr. Nelson were forgiven and terminated for a total of $93,889 forgiven. During the six months ended June 30, 2018, the Company’s current CEO, Amar Samad, advanced the company $16,448, net to fund operations. Mr. Samad is owed the amount of $16,448 as of June 30, 2018. |
Note 7 - Stockholders_ Equity
Note 7 - Stockholders’ Equity | 6 Months Ended |
Jun. 30, 2018 | |
Disclosure Text Block Supplement [Abstract] | |
Shareholders' Equity and Share-based Payments [Text Block] | Note 7 – Stockholders’ Equity The Company is authorized to issue 50,000,000 shares of $0.001 par value common stock. The Company has 10,000,000 common shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively |
Note 8 - Revenue
Note 8 - Revenue | 6 Months Ended |
Jun. 30, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Revenue from Contract with Customer [Text Block] | Note 8 – Revenue The Company has recorded revenue of $0 during the six months ended June 30, 2018. The Company had recorded $6,750 of revenue during the six months ended June 30, 2017. Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured. There was no impact on the Company’s financial statements as of June 30, 2018 and 2017 as a result of adopting Topic 606 for the year ended December 31, 2018. |
Note 9 - Contingencies and Liti
Note 9 - Contingencies and Litigation | 6 Months Ended |
Jun. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Note 9 – Contingencies and Litigation Legal Proceedings The Company may be subject to legal proceedings and claims arising from contracts or other matters from time to time in the ordinary course of business. Management is not aware of any pending or threatened litigation where the ultimate disposition or resolution could have a material adverse effect on its financial position, results of operations or liquidity. As of June 30, 2018, the Company is not involved in any litigation or disputes. |
Note 10 - Subsequent Events
Note 10 - Subsequent Events | 6 Months Ended |
Jun. 30, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Note 1 0 – Subsequent Events We evaluated subsequent events after the balance sheet date through the date the financial statements were issued. Except as set forth below, the Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The financial statements have been prepared in accordance with United States generally accepted accounting principles and reflect all adjustments which, in the opinion of management, are necessary for a fair presentation. All such adjustments are of a normal recurring nature. The Company has adopted a fiscal year end of December 31st. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Cash and equivalents include investments with initial maturities of six months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. Deposits with these banks may exceed the amount of insurance provided on such deposits; however, these deposits typically may be redeemed upon demand and, therefore, bear minimal risk. As of June 30, 2018 and December 31, 2017, the Company had no cash equivalents. |
Receivables, Policy [Policy Text Block] | Accounts Receivable Trade accounts receivable are periodically evaluated for collectability based on past credit history with customers and their current financial condition. Bad debts expense or write offs of receivables are determined on the basis of loss experience, known and inherent risks in the receivable portfolio and current economic conditions. During the periods ended June 30, 2018 and December 31, 2017, the Company wrote off accounts receivable totaling $0 and $0, respectively. There were no allowances for doubtful accounts recorded for the period ended June 30, 2018 or the year ended December 31, 2017. |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company accounts for income taxes using the asset and liability method, which requires the establishment of deferred tax assets and liabilities for the temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided to the extent deferred tax assets may not be recoverable after consideration of the future reversal of deferred tax liabilities, tax planning strategies, and projected future taxable income. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash and accrued expenses reported on the balance sheet are estimated by management to approximate fair value primarily due to the short term nature of the instruments. The Company had no items that required fair value measurement on a recurring basis. |
Revenue Recognition, Policy [Policy Text Block] | Revenue recognition Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured. There was no impact on the Company’s financial statements as a result of adopting Topic 606 for the year ended December 31, 2017. |
Earnings Per Share, Policy [Policy Text Block] | Basic and Diluted Loss Per Share The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the periods presented, there were no outstanding potential common stock equivalents and therefore basic and diluted earnings per share result in the same figure. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-based compensation The Company adopted FASB guidance on stock based compensation upon inception at November 18, 2013. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative. The Company did not issue any stock or options for services or compensation for the six months ended June 30, 2018 or June 30, 2017. Our employee stock-based compensation awards are accounted for under the fair value method of accounting, as such, we record the related expense based on the more reliable measurement of the services provided, or the fair market value of the stock issued multiplied by the number of shares awarded. We account for our employee stock options under the fair value method of accounting using a Black-Scholes valuation model to measure stock option expense at the date of grant. We do not backdate, re-price, or grant stock-based awards retroactively. As of the date of this report, we have not issued any stock options. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers,” which requires an entity to recognize revenue in an amount that reflects the consideration to which the entity expects to be entitled for the transfer of promised goods or services to customers. The standard also requires additional disclosure regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The ASU will replace most of the existing revenue recognition requirements in U.S. GAAP when it becomes effective. Further, the FASB has issued clarifying guidance with ASU No. 2016-08, “Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” ASU No. 2016-10, “Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing,” and ASU No. 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.” ASU No. 2016-08 provides guidance for evaluating when another party, along with the entity, is involved in providing a good or service to a customer. ASU No. 2016-10 clarifies assessing whether promises to transfer goods or services are distinct, and whether an entity’s promise to grant a license provides a customer with a right to use or right to access the entity’s intellectual property. ASU No. 2016-20 provides corrections or improvements to issues that affect narrow aspects of the guidance. The Company adopted the standards in the first quarter of fiscal year 2018. There are various other updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company’s consolidated financial position, results of operations or cash flows. |
Note 2 - Significant Accounti17
Note 2 - Significant Accounting Policies (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2018 | Dec. 31, 2017 | |
Accounting Policies [Abstract] | ||
Cash, FDIC Insured Amount | $ 250,000 | |
Allowance for Doubtful Accounts Receivable, Write-offs | $ 0 | $ 0 |
Note 3 - Going Concern (Details
Note 3 - Going Concern (Details) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Retained Earnings (Accumulated Deficit) | $ (123,568) | $ (182,779) |
Cash | 0 | |
Working Capital (Deficit) | $ (19,441) |
Note 4 - Inventory (Details)
Note 4 - Inventory (Details) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Inventory Disclosure [Abstract] | ||
Inventory, Finished Goods, Gross | $ 2,260 | $ 2,260 |
Note 5 - Convertible Notes Pa20
Note 5 - Convertible Notes Payable (Details) | May 10, 2018USD ($) | Jan. 31, 2017USD ($)$ / shares | Nov. 30, 2016USD ($)$ / shares | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) |
Note 5 - Convertible Notes Payable (Details) [Line Items] | |||||
Debt Instrument, Decrease, Forgiveness | $ 93,889 | $ 0 | |||
November 2016 Note [Member] | Convertible Notes Payable [Member] | |||||
Note 5 - Convertible Notes Payable (Details) [Line Items] | |||||
Debt Instrument, Face Amount | $ 35,000 | ||||
Debt Instrument, Term | 90 days | ||||
Debt Instrument, Convertible, Terms of Conversion Feature | this note is also convertible into common stock of the Company 90 days after issuance at a rate of $0.002 per share | ||||
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares | $ 0.002 | ||||
Debt Instrument, Convertible, Number of Equity Instruments | 17,500,000 | ||||
Richard Clausing Note [Member] | Convertible Notes Payable [Member] | |||||
Note 5 - Convertible Notes Payable (Details) [Line Items] | |||||
Debt Instrument, Decrease, Forgiveness | $ 35,000 | ||||
January 2017 Note [Member] | Convertible Notes Payable [Member] | |||||
Note 5 - Convertible Notes Payable (Details) [Line Items] | |||||
Debt Instrument, Face Amount | $ 34,600 | ||||
Debt Instrument, Term | 90 days | ||||
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares | $ 0.002 | ||||
Debt Instrument, Convertible, Number of Equity Instruments | 17,300,000 | ||||
Debt Instrument, Decrease, Forgiveness | $ 34,600 |
Note 6 - Related Party Transa21
Note 6 - Related Party Transactions (Details) - USD ($) | May 10, 2018 | Jan. 15, 2016 | Jun. 30, 2018 | Jun. 30, 2017 |
Note 6 - Related Party Transactions (Details) [Line Items] | ||||
Debt Instrument, Decrease, Forgiveness | $ 93,889 | $ 0 | ||
Former CEO [Member] | ||||
Note 6 - Related Party Transactions (Details) [Line Items] | ||||
Proceeds from Related Party Debt | 100 | |||
Accrued Salaries, Current | $ 23,500 | |||
Debt Instrument, Interest Rate, Stated Percentage | 3.00% | |||
Employment Agreement Term | 2 years | |||
Salary and Wage, Excluding Cost of Good and Service Sold | $ 55,000 | |||
Due to Related Parties | $ 62,666 | |||
Chief Executive Officer [Member] | ||||
Note 6 - Related Party Transactions (Details) [Line Items] | ||||
Proceeds from Related Party Debt | $ 16,448 | |||
Due to Related Parties | $ 16,448 | |||
Principal and Related Accrued Payroll Taxes and Accrued Salary [Member] | Former CEO [Member] | ||||
Note 6 - Related Party Transactions (Details) [Line Items] | ||||
Debt Instrument, Decrease, Forgiveness | $ 86,166 | |||
Extinguishment of Debt, Amount | $ 93,889 |
Note 7 - Stockholders_ Equity (
Note 7 - Stockholders’ Equity (Details) - $ / shares | Jun. 30, 2018 | Dec. 31, 2017 |
Disclosure Text Block Supplement [Abstract] | ||
Common Stock, Shares Authorized | 50,000,000 | 50,000,000 |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $ 0.001 | $ 0.001 |
Common Stock, Shares, Issued | 10,000,000 | 10,000,000 |
Common Stock, Shares, Outstanding | 10,000,000 | 10,000,000 |
Note 8 - Revenue (Details)
Note 8 - Revenue (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Revenue from Contract with Customer [Abstract] | ||||
Revenues | $ 0 | $ 0 | $ 0 | $ 6,750 |