Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Dec. 31, 2013 | Feb. 11, 2014 | |
Document and Entity Information: | ' | ' |
Entity Registrant Name | 'SMARTDATA CORP | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Dec-13 | ' |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000827876 | ' |
Current Fiscal Year End Date | '--09-30 | ' |
Entity Common Stock, Shares Outstanding | ' | 950,687 |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
CONDENSED_BALANCE_SHEETS_UNAUD
CONDENSED BALANCE SHEETS (UNAUDITED) (USD $) | Dec. 31, 2013 | Sep. 30, 2013 |
Assets | ' | ' |
Cash | $507 | $270 |
Total Current Assets | 507 | 270 |
Total Assets | 507 | 270 |
Current Liabilities | ' | ' |
Accounts Payable | 15,774 | 10,750 |
Convertible Promissory Note | 15,500 | 15,500 |
Payable to Shareholder | 82,818 | 79,318 |
Total Current Liabilities | 114,092 | 105,568 |
Total Liabilities | 114,092 | 105,568 |
Stockholders' Deficit | ' | ' |
Common Stock - 100,000,000 shares authorized having a par value of $0.001 per share; 950,687 shares issued and outstanding, as of December 31, 2013 and September 30, 2013; respectively | 951 | 951 |
Capital in Excess of par value | 259,809 | 257,881 |
Deficit accumulated during the development stage | -374,345 | -364,130 |
Total Stockholders' Deficit | -113,585 | -105,298 |
Total Liabilities and Stockholders' Deficit | $507 | $270 |
CONDENSED_BALANCE_SHEETS_PAREN
CONDENSED BALANCE SHEETS PARENTHETICALS (USD $) | Dec. 31, 2013 | Sep. 30, 2013 |
Parentheticals | ' | ' |
Common Stock, par value | $0.00 | $0.00 |
Common Stock, shares authorized | 100,000,000 | 100,000,000 |
Common Stock, shares issued | 950,687 | 950,687 |
Common Stock, shares outstanding | 950,687 | 950,687 |
Condensed_Statements_of_Operat
Condensed Statements of Operations Unaudited (USD $) | 3 Months Ended | 267 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Revenues: | ' | ' | ' |
Revenues | $0 | $0 | $0 |
Operating Expenses | ' | ' | ' |
General and Administrative Expenses | 8,287 | 8,176 | 357,041 |
Loss from Operations | -8,287 | -8,176 | -357,041 |
Other Income (Expense) | ' | ' | ' |
Gain on Forgiveness of Debt | 0 | 0 | 2,353 |
Interest Expense | -1,928 | -1,568 | -19,657 |
Total Other Income (Expense) | -1,928 | -1,568 | -17,304 |
Net Loss before income taxes | -10,215 | -9,744 | -374,345 |
Income Taxes | 0 | 0 | 0 |
Net Loss | ($10,215) | ($9,744) | ($374,345) |
Net Loss per share - Basic and Diluted | ($0.01) | ($0.01) | ' |
Weighted Average of Common Shares Outstanding - Basic and Diluted | 950,687 | 950,687 | ' |
Condensed_Statements_of_Cash_F
Condensed Statements of Cash Flows Unaudited (USD $) | 3 Months Ended | 267 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Cash Flows from Operating Activities | ' | ' | ' |
Net Loss | ($10,215) | ($9,744) | ($374,345) |
Adjustments to reconcile Net Loss to net cash used by operating activities | ' | ' | ' |
Gain on forgiveness of debt | 0 | 0 | -2,353 |
Non-cash interest expense | 1,928 | 1,568 | 19,097 |
Changes in assets and liabilities | ' | ' | ' |
Shares issued for services | 0 | 0 | 22,450 |
Increase (decrease) in accounts payable | 5,024 | 3,155 | 18,127 |
Decrease in Prepaid Expenses | 0 | 591 | 0 |
Increase in debt - Related Party | 3,500 | 4,500 | 101,381 |
Net Cash From Operating Activities | 237 | 70 | -215,643 |
Cash Flows From Investing Activities | ' | ' | ' |
Net Cash From Investing Activities | 0 | 0 | 0 |
Cash Flows From Financing Activities | ' | ' | ' |
Issuance of Notes Payable | 0 | 0 | 16,150 |
Proceeds from issuances of common stock | 0 | 0 | 200,000 |
Net Cash From Financing Activities | 0 | 0 | 216,150 |
Net Increase (Decrease) in Cash | 237 | 70 | 507 |
Beginning Cash Balance | 270 | 413 | 0 |
Ending Cash Balance | 507 | 483 | 507 |
Supplemental Disclosures | ' | ' | ' |
Interest paid | 0 | 0 | 0 |
Income taxes paid | 0 | 0 | 0 |
Supplemental Schedule of Noncash Investing and Financing Activities: | ' | ' | ' |
Common Stock issued for Debt | $0 | $0 | $19,213 |
SUMMARY_OF_SIGNIFICANT_ACCOUNT
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Dec. 31, 2013 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: | ' |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' |
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
The accompanying condensed financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the interim financial statements reflect all adjustments, consisting of normal recurring adjustments, which are necessary for a fair presentation of the results for the periods presented. Certain information and disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's Annual Report for the year ended September 30, 2013. The operating results for the periods presented are not necessarily indicative of the operating results for the full year. |
GOING_CONCERN
GOING CONCERN | 3 Months Ended |
Dec. 31, 2013 | |
GOING CONCERN: | ' |
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 has incurred losses since its inception and has no revenue-generating activities. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is seeking potential business opportunities and is proposing to raise any necessary additional funds not provided by operations through loans and/or through additional sales of its common stock. There is no assurance that the Company will be successful in raising additional capital or achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. |
NOTES_PAYABLE_RELATED_PARTY
NOTES PAYABLE RELATED PARTY | 3 Months Ended |
Dec. 31, 2013 | |
NOTES PAYABLE RELATED PARTY | ' |
NOTES PAYABLE RELATED PARTY | ' |
NOTE 3 - NOTES PAYABLE – RELATED PARTY | |
Through December 31, 2013, the Company had received $101,881 in advances from certain officers of the Company under promissory notes. A balance of $82,818 is still outstanding on these notes. The notes bear no interest and are payable on demand. Although the notes bear no interest, the Company imputed interest at a rate of 8% and during the three month period ended December 31, 2013 and 2012, recognized $1,928 and $1,568, respectively, in interest expense with an increase to additional paid in capital for the same amount. |
NEW_ACCOUNTING_STANDARDS
NEW ACCOUNTING STANDARDS | 3 Months Ended |
Dec. 31, 2013 | |
NEW ACCOUNTING STANDARDS | ' |
NEW ACCOUNTING STANDARDS | ' |
NOTE 4 - NEW ACCOUNTING STANDARDS | |
From time to time, new accounting pronouncements are issued by FASB that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company’s financial statements upon adoption. |
NOTES_PAYABLE_RELATED_PARTY_De
NOTES PAYABLE RELATED PARTY (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
RELATED PARTY TRANSACTIONS: | ' | ' |
Received advances from certain officers | $101,881 | ' |
Outstanding on notes | 82,818 | ' |
Imputed interest at a rate | 8.00% | ' |
Recognized interest expense | $1,928 | $1,568 |