Cover
Cover - shares | 3 Months Ended | |
Mar. 31, 2022 | May 06, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Mar. 31, 2022 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 333-236117 | |
Entity Registrant Name | CARRIAGE HOUSE EVENT CENTER, INC. | |
Entity Central Index Key | 0001798458 | |
Entity Incorporation, State or Country Code | CO | |
Entity Address, Address Line One | 558 Castle Pines Parkway, | |
Entity Address, Address Line Two | B-4, Suite 140 | |
Entity Address, City or Town | Castle Pines | |
Entity Address, State or Province | CO | |
Entity Address, Postal Zip Code | 80108 | |
City Area Code | 303 | |
Local Phone Number | 730-7939 | |
Entity Current Reporting Status | No | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Elected Not To Use the Extended Transition Period | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 4,450,000 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 |
Current assets: | ||
Cash | $ 1,038 | $ 964 |
Total current assets | 1,038 | 964 |
Total assets | 1,038 | 964 |
Current liabilities: | ||
Related party debt | 22,000 | |
Non-current liabilities | ||
Related party debt long term | 103,800 | 75,500 |
Total liabilities | 103,800 | 97,500 |
Commitments and contingencies | ||
Stockholders Deficit: | ||
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding | ||
Common stock; $0.001 par value; 45,000,000 shares authorized; 4,450,000 shares issued and outstanding | 4,450 | 4,450 |
Additional paid in capital | 29,700 | 29,700 |
Accumulated deficit | (136,912) | (130,686) |
Total Stockholders Deficit | (102,762) | (96,536) |
Total Liabilities and Stockholders Deficit | $ 1,038 | $ 964 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2022 | Dec. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 45,000,000 | 45,000,000 |
Common Stock, Shares, Issued | 4,450,000 | 4,450,000 |
Common Stock, Shares, Outstanding | 4,450,000 | 4,450,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Expenses: | ||
General and administrative | $ 6,226 | $ 5,824 |
Total operating expenses | 6,226 | 5,824 |
Loss before provision for income taxes | (6,226) | (5,824) |
Provision for income taxes | ||
Net loss | $ (6,226) | $ (5,824) |
Net Loss per common share | ||
Net Loss per common share, Basic | $ 0 | $ 0 |
Net Loss per common share, Diluted | $ 0 | $ 0 |
Weighted average shares outstanding | ||
Weighted average shares outstanding, Basic | 4,450,000 | 4,450,000 |
Weighted average shares outstanding, Diluted | 4,450,000 | 4,450,000 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' Deficit - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning Balance, Value at Dec. 31, 2020 | $ 4,450 | $ 29,700 | $ (103,400) | $ (69,250) |
Ending Balance, Shares at Dec. 31, 2020 | 4,450,000 | |||
Net loss | (5,824) | (5,824) | ||
Ending Balance, Value at Mar. 31, 2021 | 4,450 | 29,700 | (109,224) | (75,074) |
Beginning Balance, Value at Dec. 31, 2021 | $ 4,450 | 29,700 | (130,686) | $ (96,536) |
Ending Balance, Shares at Dec. 31, 2021 | 4,450,000 | 4,450,000 | ||
Net loss | (6,226) | $ (6,226) | ||
Ending Balance, Value at Mar. 31, 2022 | $ 4,450 | $ 29,700 | $ (136,912) | $ (102,762) |
Ending Balance, Shares at Mar. 31, 2022 | 4,450,000 | 4,450,000 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Cash flows from operating activities: | ||
Net loss | $ (6,226) | $ (5,824) |
Net cash used by operating activities | (6,226) | (5,824) |
Cash flows from investing activities: | ||
Cash flows from financing activities: | ||
Proceeds from related party debt | 6,300 | |
Net cash provided by financing activities | 6,300 | |
Net change in cash | 74 | (5,824) |
Cash at beginning of period | 964 | 12,250 |
Cash at end of period | 1,038 | 6,426 |
Supplemental schedule of cash flow information: | ||
Interest paid | ||
Income taxes paid |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 3 Months Ended |
Mar. 31, 2022 | |
Organization And Description Of Business | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Carriage House Events Center, Inc. (the Company or We) was incorporated under the laws of the State Colorado on June 26, 2010. The Company is developing its planned principal operations. A new corporation, Blue Carriage Events, Inc. (Blue Carriage), was formed under the laws of the State of Colorado in September 2018. Blue Carriage issued the Company 100 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Mar. 31, 2022 | |
Summary Of Significant Accounting Policies | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Companys unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending December 31, 2022. These unaudited condensed financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto that are included in the Companys Form 10-K for the year ended December 31, 2021. 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 revenues and expenses during the reporting period. Actual results may differ from those estimates. Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and Blue Carriage Events, Inc., its wholly owned subsidiary. During the three months ended March 31, 2022 and 2021, Blue Carriage has had no transactions and has no bank account. Recent Accounting Standards The Company has implemented all new applicable accounting pronouncements that are in effect and applicable. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Mar. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 - GOING CONCERN The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has incurred losses since inception and has used mainly related party loans to finance activities during the period from June 26, 2010 (inception) through March 31, 2022, with no resulting revenues. The Company does not have sufficient working capital for its planned activity, and to service its debt, which raises substantial doubt about its ability to continue as a going concern. The Companys ability to achieve a level of profitable operations and/or additional financing impacts the Companys ability to continue as it is presently organized. Management continues to develop its planned principal operations. Should management be unsuccessful in its operating activities, the Company may substantially curtail or terminate its operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The COVID-19 Pandemic has had a dramatic effect on the wedding business in America and the operations of the Company. The Event Center business has come to a complete standstill because of rules against gatherings in most cities and states. It has become impossible for the Company to continue with its proposed business plan and to raise the additional funding to construct the event center as outlined in the Company business plan. Many that have had their reservations at an event center, sometimes a year in advance, have had to postpone or cancel, usually because of the requirement to limited numbers of people at gatherings imposed by mayors and governors. The event center business has suffered with these cancellations. So many of the weddings that are going ahead, are doing so in a situation involving far less guests, and held in such places as a back yard. While weddings are a major part of the business of an event center, other meetings such as corporate functions have almost all been cancelled. Since our Company is based heavily on an event center, and thus on meetings of 50 to 1,000 people, the progress of the Company has been dramatically curtailed in a number of ways. First, in the raising of capital through investors in our public offering and in additional private capital. Second, in advancing our business plan in a number of areas, including getting the interest of companies that might be interested in participating in our overall concept. If unable to overcome these setbacks, we may need to change the direction of the Company. . |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Mar. 31, 2022 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 4 RELATED PARTY TRANSACTIONS Related Party Debt The Company has entered into promissory notes (each a Note and collectively the Notes) with related parties, Terayco Enterprises, LTD. (Terayco) and A. Terry Ray (Terry Ray). Terayco (the Holder) is a corporation owned by Phillip E. Ray, the husband of A. Terry Ray, and A. Terry Ray, the principal shareholder of the Company. As of March 31, 2022 and December 31, 2021, the Company was indebted to Terayco and Terry Ray in the aggregate principal amount of $103,800 $97,500 The details of each note, still outstanding, by the year of issue is as follows: 2012: ● $7,000 At the time of issue, the terms of the Note were it matured two years 4% The Note became due and payable immediately upon the failure by the Company to pay within five (5) days of the due date of any amount of the principal or accrued interest on the Note. The unpaid principal on these Notes shall be convertible, at the sole and exclusive option of the Holder, prior to the payment in full of the principal and interest outstanding under the Notes into common stock of the Company at a fixed rate of $0.01 On December 31, 2013 the Company entered into an agreement with Terayco to issue 50,000 $7,000 The note was amended on December 31, 2018 to extend the maturity date and the interest accrual date to December 31, 2020. The note was further amended on December 31, 2020 to extend the maturity date and the interest accrual date to December 31, 2023. 2014: A convertible promissory note was issued to Terayco on December 31, 2014 in the amount of $14,000. At the time of issue, the terms of the Note were it matured two years 4% The Note became due and payable immediately upon the failure by the Company to pay within five (5) days of the due date of any amount of the principal or accrued interest on the Note. The unpaid principal on these Notes shall be convertible, at the sole and exclusive option of the Holder, prior to the payment in full of the principal and interest outstanding under the Notes into common stock of the Company at a fixed rate of $0.01 On December 31, 2015, the Company entered into an agreement with Terayco to issue 50,000 $14,000 The shares were issued on January 10, 2016 The note was amended at December 31, 2018 to extend the maturity date and the interest accrual date to December 31, 2020. The note was further amended on December 31, 2020 to extend the maturity date and the interest date accrual to December 31, 2023. 2015: A promissory note was issued to Terayco on July 23, 2015 in the amount of $5,500 The note matured December 31, 2018. The note was interest free until December 31, 2018, after which time it will bear interest at the rate of 4% The note was amended on December 31, 2018 to extend the maturity date and the interest date to December 31, 2020. The note was further amended on December 31, 2020 to extend the maturity date and the interest date accrual to December 31, 2023. 2019: A promissory note was issued to A. Terry, the Company President, on September 10, 2019 in the amount of $33,000 The note matured December 31, 2020. The note was interest free until December 31, 2020, after which time it will bear interest at the rate of 4% The note was amended on December 31, 2020 to extend the maturity date and the interest accrual date to December 31, 2023. A promissory note was issued to A. Terry Ray on November 23, 2019 in the amount of $24,000 The note matures December 31, 2020. The note is interest free until December 31, 2020 after which time it will bear interest at the rate of 4% $2,000 $22,000 A promissory note was issued to A. Terry Ray on July 27, 2020, in the amount of $22,000 4% 2021: A promissory note was issued to A. Terry, the Company President, on September 30, 2021 in the amount of $14,000 The note matures December 31, 2023 4% A promissory note was issued to A. Terry, the Company President, on December 30, 2021 in the amount of $2,000 The note matures December 31, 2023. The note is interest free until December 31, 2023 after which time it will bear interest at the rate of 4% 2022: A promissory note was issued to A. Terry, the Company President, on February 4, 2022 in the amount of $2,000 The note matures December 31, 2023. The note is interest free until December 31, 2023 after which time it will bear interest at the rate of 4% A promissory note was issued to A. Terry, the Company President, on March 31, 2022 in the amount of $4,300 The note matures December 31, 2023. The note is interest free until December 31, 2023 after which time it will bear interest at the rate of 4% The following table summarizes the issue period of each outstanding note as of: December 31, March 31, 2022 2021 December 31, 2012 $ 7,000 $ 7,000 Terayco International December 31, 2014 $ 14,000 $ 14,000 Terayco International July 15, 2015 $ 5,500 $ 5,500 Terayco International September 10, 2019 $ 33,000 $ 33,000 Terry Ray November 23, 2020 $ 22,000 $ 22,000 Terry Ray September 30, 2021 $ 14,000 $ 14,000 Terry Ray December 30, 2021 $ 2,000 $ 2,000 Terry Ray February 4, 2022 $ 2,000 $ Terry Ray March 31, 2022 $ 4,300 $ Terry Ray TOTAL $ 103,800 $ 97,500 |
STOCKHOLDERS_ EQUITY
STOCKHOLDERS’ EQUITY | 3 Months Ended |
Mar. 31, 2022 | |
Stockholders Equity | |
STOCKHOLDERS’ EQUITY | NOTE 5 STOCKHOLDERS EQUITY Common Stock There are 45,000,000 $0.001 4,450,000 There are 5,000,000 The holders of Common Stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. Holders of Common Stock are entitled to receive ratably such dividends, if any, as may be declared by the Board of Directors out of funds legally available therefore, subject to any preferential dividend rights of outstanding Preferred Stock, which may be authorized and issued in the future. Upon a liquidation, dissolution or winding up of the Company, the holders of Common Stock are entitled to receive ratably the net assets available after the payment of all debts and other liabilities, and subject further only to the prior rights of any outstanding Preferred Stock which may be authorized and issued in the future. The holders of Common Stock have no preemptive, subscription, redemption or conversion rights. The outstanding shares of Common Stock are, and the shares offered herein will be, when issued and paid for, fully paid and non-assessable. Cumulative voting in the election of directors is not permitted and the holders of a majority of the number of outstanding shares will be in a position to control the election of directors at a general shareholder meeting and may elect all of the directors standing for election. We have no present intention to pay cash dividends to the holders of Common Stock. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Mar. 31, 2022 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 6 SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC 855, Subsequent Events, from the balance sheet date through the date the financial statements were issued and has determined that no material subsequent events exist. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Mar. 31, 2022 | |
Summary Of Significant Accounting Policies | |
Basis of Presentation | Basis of Presentation The Companys unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending December 31, 2022. These unaudited condensed financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto that are included in the Companys Form 10-K for the year ended December 31, 2021. |
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 revenues and expenses during the reporting period. Actual results may differ from those estimates. |
Principles of Consolidation | Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and Blue Carriage Events, Inc., its wholly owned subsidiary. During the three months ended March 31, 2022 and 2021, Blue Carriage has had no transactions and has no bank account. |
Recent Accounting Standards | Recent Accounting Standards The Company has implemented all new applicable accounting pronouncements that are in effect and applicable. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Debt | December 31, March 31, 2022 2021 December 31, 2012 $ 7,000 $ 7,000 Terayco International December 31, 2014 $ 14,000 $ 14,000 Terayco International July 15, 2015 $ 5,500 $ 5,500 Terayco International September 10, 2019 $ 33,000 $ 33,000 Terry Ray November 23, 2020 $ 22,000 $ 22,000 Terry Ray September 30, 2021 $ 14,000 $ 14,000 Terry Ray December 30, 2021 $ 2,000 $ 2,000 Terry Ray February 4, 2022 $ 2,000 $ Terry Ray March 31, 2022 $ 4,300 $ Terry Ray TOTAL $ 103,800 $ 97,500 |
ORGANIZATION AND DESCRIPTION _2
ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) | Sep. 30, 2018shares |
Organization And Description Of Business | |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 100 |
Schedule of Related Party Debt
Schedule of Related Party Debt (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 |
Related Party Transaction [Line Items] | ||
Due to Related Parties | $ 103,800 | $ 97,500 |
December 31, 2012 | Terayco International [Member] | ||
Related Party Transaction [Line Items] | ||
Due to Related Parties | 7,000 | 7,000 |
December 31, 2014 | Terayco International [Member] | ||
Related Party Transaction [Line Items] | ||
Due to Related Parties | 14,000 | 14,000 |
July 15, 2015 | Terayco International [Member] | ||
Related Party Transaction [Line Items] | ||
Due to Related Parties | 5,500 | 5,500 |
September 10, 2019 | Terry Ray [Member] | ||
Related Party Transaction [Line Items] | ||
Due to Related Parties | 33,000 | 33,000 |
November 23, 2020 | Terry Ray [Member] | ||
Related Party Transaction [Line Items] | ||
Due to Related Parties | 22,000 | 22,000 |
September 30, 2021 | Terry Ray [Member] | ||
Related Party Transaction [Line Items] | ||
Due to Related Parties | 14,000 | 14,000 |
December 30, 2021 | Terry Ray [Member] | ||
Related Party Transaction [Line Items] | ||
Due to Related Parties | 2,000 | $ 2,000 |
February 4,2022 | Terry Ray [Member] | ||
Related Party Transaction [Line Items] | ||
Due to Related Parties | 2,000 | |
March 31, 2022 | Terry Ray [Member] | ||
Related Party Transaction [Line Items] | ||
Due to Related Parties | $ 4,300 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Sep. 30, 2021 | Sep. 10, 2019 | Dec. 31, 2015 | Jul. 23, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2022 | Sep. 30, 2020 | Dec. 31, 2021 | Feb. 04, 2022 | Dec. 30, 2021 | Jul. 27, 2020 | Jul. 07, 2020 | Nov. 23, 2019 |
Related Party Transaction [Line Items] | |||||||||||||||
Notes Payable, Related Parties | $ 22,000 | ||||||||||||||
Terry Ray [Member] | Promissory Note [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Convertible Promissory Note | $ 14,000 | $ 33,000 | $ 4,300 | $ 2,000 | $ 2,000 | $ 22,000 | $ 24,000 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | ||||||||
Debt Instrument, Maturity Date, Description | The note matures December 31, 2023 | The note was amended on December 31, 2020 to extend the maturity date and the interest accrual date to December 31, 2023. | |||||||||||||
Repayments of Related Party Debt | $ 2,000 | ||||||||||||||
Terayco Enterprises [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Stock Issued During Period, Shares, New Issues | 50,000 | 50,000 | |||||||||||||
Debt Instrument, Description | The shares were issued on January 10, 2016 | ||||||||||||||
Terayco Enterprises [Member] | Promissory Note [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Convertible Promissory Note | $ 14,000 | $ 5,500 | $ 14,000 | $ 7,000 | $ 7,000 | ||||||||||
Debt Instrument, Term | 2 years | 2 years | |||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.00% | 4.00% | 4.00% | ||||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.01 | $ 0.01 | |||||||||||||
Debt Instrument, Maturity Date, Description | The note was further amended on December 31, 2020 to extend the maturity date and the interest date accrual to December 31, 2023. | The note was further amended on December 31, 2020 to extend the maturity date and the interest date accrual to December 31, 2023. | The note was further amended on December 31, 2020 to extend the maturity date and the interest accrual date to December 31, 2023. | ||||||||||||
Terayco Enterprises [Member] | Terry Ray [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Debt Instrument, Periodic Payment, Principal | $ 103,800 | $ 97,500 |
STOCKHOLDERS_ EQUITY (Details N
STOCKHOLDERS’ EQUITY (Details Narrative) - $ / shares | Mar. 31, 2022 | Dec. 31, 2021 |
Stockholders Equity | ||
Common Stock, Shares Authorized | 45,000,000 | 45,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares, Outstanding | 4,450,000 | 4,450,000 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |