Pipergy 10-Q 16 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 16, 2020
Details
Registrant CIK	0001803827
Fiscal Year End	--12-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	000-26653
Entity Registrant Name	Pipergy Inc.
Entity Incorporation, State or Country Code	WY
Entity Tax Identification Number	84-4162136
Entity Address, Address Line One	2096 Skull Creek Road
Entity Address, City or Town	Four Corners
Entity Address, State or Province	WY
Entity Address, Postal Zip Code	82715
Entity Address, Address Description	Address of Principal Executive Offices
Phone Fax Number Description	Pipergy's Telephone Number, Including Area Code
City Area Code	307
Local Phone Number	746-8673
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		32,452,000
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3

CONDENSED BALANCE SHEET (Unaudi

CONDENSED BALANCE SHEET (Unaudited)	Sep. 30, 2020USD ($)
CURRENT ASSETS:
Cash	$ 55
Prepaid Expenses	3,000
Total Current Assets	3,055
CURRENT LIABILITIES:
Accounts Payable	10,191
Advances - Related Parties	11,602
Note Payable - Related Party	25,000
Accrued Interest	635
Total Current Liabilities	47,428
STOCKHOLDERS' DEFICIT:
Preferred Stock, Value	0
Common Stock, Value	32,452
Accumulated Deficit	(76,825)
Total Stockholders' Deficit	(44,373)
Total Liabilities and Stockholders' Deficit	$ 3,055

CONDENSED BALANCE SHEET (Unau_2

CONDENSED BALANCE SHEET (Unaudited) - Parenthetical	Sep. 30, 2020$ / sharesshares
Details
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.001
Preferred Stock, Shares Authorized	100,000,000
Preferred Stock, Shares Issued	0
Preferred Stock, Shares Outstanding	0
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.001
Common Stock, Shares Authorized	500,000,000
Common Stock, Shares, Issued	32,452,000
Common Stock, Shares, Outstanding	32,452,000

CONDENSED STATEMENT OF OPERATIO

CONDENSED STATEMENT OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Expenses:
Operating Expenses	$ 10,621	$ 76,190
Interest expense	635	635
Total Expenses	11,256	76,825
Loss Before Income Taxes	(11,256)	(76,825)
Income Tax Expense	0	0
NET LOSS	$ (11,256)	$ (76,825)
Loss per Common Share, Basic and Diluted	$ 0	$ 0
Weighted Average Number of Shares (basic and diluted)	32,452,000	30,534,760

CONDENSED STATEMENTS OF STOCKHO

CONDENSED STATEMENTS OF STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Subscription Receivable	Retained Earnings	Total
Equity Balance, Starting at Jan. 02, 2020	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Shares Outstanding, Starting at Jan. 02, 2020	0	0
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture		$ 32,452				32,452
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures		32,452,000
Net Income (Loss)	$ 0	$ 0	0	0	(76,825)	(76,825)
Shares Outstanding, Ending at Sep. 30, 2020	0	32,452,000
Equity Balance, Ending at Sep. 30, 2020	$ 0	$ 32,452	0	0	(76,825)	(44,373)
Equity Balance, Starting at Jun. 30, 2020	$ 0	$ 32,452	0	0	(65,569)	(33,117)
Shares Outstanding, Starting at Jun. 30, 2020	0	32,452,000
Net Income (Loss)	$ 0	$ 0	0	0	11,256	11,256
Shares Outstanding, Ending at Sep. 30, 2020	0	32,452,000
Equity Balance, Ending at Sep. 30, 2020	$ 0	$ 32,452	$ 0	$ 0	$ (76,825)	$ (44,373)

CONDENSED STATEMENT OF CASH FLO

CONDENSED STATEMENT OF CASH FLOWS (Unaudited)	9 Months Ended
	Sep. 30, 2020USD ($)
Cash Flows from Operating Activities:
Net Loss	$ (76,825)
Adjustments to Reconcile Net Loss to Net Cash used by Operating Activities:
Stock issued for compensation	32,452
Change in Operating Assets and Liabilities
A/P and Accrued Expenses	22,428
Prepaid Expenses	(3,000)
Net Cash Used by Operating Activities	(24,945)
Cash Flows from Investing Activities:	0
Cash Flows from Financing Activities:
Proceeds from Related Party Note Payable	25,000
Net Cash Provided by Financing Activities	25,000
Net Increase (Decrease) in Cash	55
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	0
Cash and Cash Equivalents, at Carrying Value, Ending Balance	55
Supplemental Disclosures of Cash Flow Information:
Interest	0
Income taxes	$ 0

NOTE 1 - SUMMARY OF SIGNIFICANT

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization – PIPERGY Inc. (“the Company”) was organized under the laws of the State of Wyoming on January 3, 2020. The Company is in the oil and gas pipeline maintenance industry. The Company was organized to provide a vehicle for participating in potentially profitable business ventures which may become available through the personal contacts of, and at the complete discretion of, the Company’s officers and directors. The Company has, at the present time, not paid any dividends and any dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors. Basis of Presentation - The accompanying unaudited, condensed financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, and the Securities and Exchange Commission ("SEC") rules for interim financial reporting. Certain information and footnote disclosures normally included in the condensed consolidated financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. However, in the opinion of management, the accompanying interim condensed financial statements reflect all normal recurring adjustments necessary to present fairly the Company's condensed financial position as of September 30, 2020 and the condensed results of operations and cash flows for the periods presented. The condensed results of operations for interim periods are not necessarily indicative of the results of operations to be expected for any subsequent interim period or for the fiscal year ended December 31, 2020. The accompanying unaudited, condensed financial statements and notes thereto should be read in conjunction with the audited financial statements for the period from January 3, 2020 through June 30, 2020 included in the Company's Form S-1, which was declared effective on September 23, 2020. Loss Per Share – The Company computes loss per share in accordance with ASC Topic No. 260, Earnings Per Share, which requires the Company to present basic and dilutive loss per share when the effect is dilutive. At September 30, 2020, the computed loss per basic/diluted share was $(0.00). Accounting Estimates – The preparation of condensed financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures 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 estimated by management.

NOTE 2 - GOING CONCERN

NOTE 2 - GOING CONCERN	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 2 - GOING CONCERN	NOTE 2 – GOING CONCERN The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, the Company was only recently formed, has not yet established profitable operations and has incurred losses since inception. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise additional funds not provided by operations through loans or through sales of its common stock. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

NOTE 3 - RELATED PARTY TRANSACT

NOTE 3 - RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 3 - RELATED PARTY TRANSACTIONS	NOTE 3 – RELATED PARTY TRANSACTIONS Management Compensation – For the period from inception to September 30, 2020, the Company did not pay any cash compensation to its officers and directors. For the period from inception to September 30, 2020, the Company issued common shares as follows: 10,000,000 shares to Thomas J. Mohnen (CEO); 10,180,000 shares to J. Paul Geeding, Jr. (COO), 10,000,000 shares to Alan R. Josselyn (President); and 2,272,000 shares to Leonard M. Stillman Jr. (CFO). The common shares were issued as compensation for services rendered in forming the company, providing specialized expertise, and time and materials provided. The common shares were valued at the common stock par value of $0.001 for a total value of $32,452. Office Space – The Company has not had a need to rent office space. An officer/shareholder of the Company is allowing the Company to use his home as a mailing address, as needed, at no expense to the Company. Tom Mohnen, the CEO of the company, paid $102 for the incorporation and J. Paul Geeding, the COO of the company, provided $1,000 for the initial deposit to open the bank account. J. Paul Geeding paid the accounts payable of $7,500 to J. M. Walker & Associates out of his private funds. Tom Mohnen sold personal non-registered stock for $25,000 and loaned the proceeds to the company. There is a formal note with 9% interest due on June 20, 2021. Accrued interest at September 30, 2020 was $635. J. Paul Geeding paid the prepaid expenses of $3,000 to J. M. Walker & Associates out of his private funds.

NOTE 4 - CAPITAL STOCK

NOTE 4 - CAPITAL STOCK	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 4 - CAPITAL STOCK	NOTE 4 – CAPITAL STOCK Preferred Stock – The Company currently has 100,000,000 shares of preferred stock authorized with a par value of $0.001 per share. At September 30, 2020, the Company had no shares of preferred stock issued and outstanding. Common Stock – The Company currently has 500,000,000 shares of common stock authorized with a par value of $0.001 par value. At September 30, 2020, the Company had 32,452,000 shares of common stock issued and outstanding. Shares issued were as follows: 9,311,667 shares to Thomas J. Mohnen (CEO); 9,520,667 shares to J. Paul Geeding, Jr. (COO), 9,340,666 shares to Alan R. Josselyn (President); and 4,000,000 shares to Leonard M. Stillman Jr. (CFO). Shares were issued as compensation for services rendered in forming the company, providing specialized expertise, and time and materials provided. Shares were valued at the common stock par value of $0.001 for a total value of $32,452. The remaining 279,000 shares have been sold privately.

NOTE 5 - SUBSEQUENT EVENTS

NOTE 5 - SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2020
Notes
NOTE 5 - SUBSEQUENT EVENTS	NOTE 5 – SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through the date which the financial statements were available to be issued and determined there are no events to disclose.

NOTE 1 - SUMMARY OF SIGNIFICA_2

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2020
Policies
Basis of Presentation	Basis of Presentation - The accompanying unaudited, condensed financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, and the Securities and Exchange Commission ("SEC") rules for interim financial reporting. Certain information and footnote disclosures normally included in the condensed consolidated financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. However, in the opinion of management, the accompanying interim condensed financial statements reflect all normal recurring adjustments necessary to present fairly the Company's condensed financial position as of September 30, 2020 and the condensed results of operations and cash flows for the periods presented. The condensed results of operations for interim periods are not necessarily indicative of the results of operations to be expected for any subsequent interim period or for the fiscal year ended December 31, 2020. The accompanying unaudited, condensed financial statements and notes thereto should be read in conjunction with the audited financial statements for the period from January 3, 2020 through June 30, 2020 included in the Company's Form S-1, which was declared effective on September 23, 2020.

NOTE 1 - SUMMARY OF SIGNIFICA_3

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Loss Per Share (Policies)	9 Months Ended
	Sep. 30, 2020
Policies
Loss Per Share	Loss Per Share – The Company computes loss per share in accordance with ASC Topic No. 260, Earnings Per Share, which requires the Company to present basic and dilutive loss per share when the effect is dilutive. At September 30, 2020, the computed loss per basic/diluted share was $(0.00).

NOTE 1 - SUMMARY OF SIGNIFICA_4

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Accounting Estimates (Policies)	9 Months Ended
	Sep. 30, 2020
Policies
Accounting Estimates	Accounting Estimates – The preparation of condensed financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures 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 estimated by management.

NOTE 1 - SUMMARY OF SIGNIFICA_5

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Sep. 30, 2020
Details
Entity Incorporation, State or Country Code	WY
Entity Incorporation, Date of Incorporation	Jan. 3, 2020

NOTE 1 - SUMMARY OF SIGNIFICA_6

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Loss Per Share (Details)	9 Months Ended
	Sep. 30, 2020$ / shares
Details
Earnings Per Share, Diluted	$ 0

NOTE 3 - RELATED PARTY TRANSA_2

NOTE 3 - RELATED PARTY TRANSACTIONS (Details)	9 Months Ended
	Sep. 30, 2020USD ($)
Details
Common Stock, Value	$ 32,452
Debt Instrument, Description	formal note
Debt Instrument, Interest Rate, Stated Percentage	9.00%
Debt Instrument, Maturity Date	Jun. 20, 2021
Interest Payable, Current	$ 635

NOTE 4 - CAPITAL STOCK (Details

NOTE 4 - CAPITAL STOCK (Details)	Sep. 30, 2020USD ($)$ / sharesshares
Details
Preferred Stock, Shares Authorized	100,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.001
Preferred Stock, Shares Issued	0
Preferred Stock, Shares Outstanding	0
Common Stock, Shares Authorized	500,000,000
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.001
Common Stock, Shares, Issued	32,452,000
Common Stock, Shares, Outstanding	32,452,000
Common Stock, Value | $	$ 32,452