Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Dec. 31, 2014 | Feb. 17, 2015 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Dec-14 | |
Entity Registrant Name | Esio Water & Beverage Development Corp. | |
Entity Central Index Key | 836937 | |
Current Fiscal Year End Date | -24 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2015 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 18,766,636 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2014 | Jun. 30, 2014 |
Current assets: | ||
Cash and cash equivalents | $94,635 | $146,086 |
Prepaid expenses | 5,161 | 7,371 |
Total current assets | 99,796 | 153,457 |
Total Assets | 99,796 | 153,457 |
Current Liabilities: | ||
Accounts payable | 466 | 466 |
Accrued liabilities | 5,760 | 5,760 |
Total current liabilities | 6,226 | 6,226 |
Total Liabilities | 6,226 | 6,226 |
Commitments: | ||
Stockholders' equity (deficit): | ||
Common stock, $.005 par value 200,000,000 authorized; 18,566,636 issued and outstanding as of December 31, 2014 and June 30, 2014 | 92,833 | 92,833 |
Additional paid in capital | 14,968,014 | 14,968,014 |
Accumulated deficit | -14,967,277 | -14,913,616 |
Total stockholders' equity (deficit) | 93,570 | 147,231 |
Total liabilities and stockholders' equity (deficit) | $99,796 | $153,457 |
CONSOLIDATED_BALANCE_SHEETS_PA
CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) (USD $) | Dec. 31, 2014 | Jun. 30, 2014 |
CONSOLIDATED BALANCE SHEETS [Abstract] | ||
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares issued | 18,566,636 | 18,566,636 |
Common stock, shares outstanding | 18,566,636 | 18,566,636 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | |
Costs and Expenses | ||||
General and administrative | $20,898 | $35,812 | $48,661 | $71,217 |
Directors fees | 2,000 | 3,000 | 5,000 | 6,000 |
Operating loss | 22,898 | 38,812 | 53,661 | 77,217 |
Net loss from operations | -22,898 | -38,812 | -53,661 | -77,217 |
Net Loss | ($22,898) | ($38,812) | ($53,661) | ($77,217) |
Basic and diluted loss per share | $0 | $0 | $0 | $0 |
Basic and diluted weighted average common shares outstanding | 18,566,636 | 18,566,636 | 18,566,636 | 18,566,636 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Cash flows from operating activities | ||
Net loss | ($53,661) | ($77,217) |
Changes in Assets and Liabilities: | ||
Prepaid expenses | 2,210 | 1,894 |
Accounts payable | -1,629 | |
Net cash used by operating activities | -51,451 | -76,952 |
Cash flows from investing activities: | ||
Cash flows from financing activities: | ||
Net change in cash and cash equivalents | -51,451 | -76,952 |
Cash and cash equivalents at beginning of year | 146,086 | 280,903 |
Cash and cash equivalents at end of period | 94,635 | 203,951 |
Supplemental Disclosures: | ||
Cash paid for income taxes | 50 | |
Cash paid for interest | ||
Non Cash Investing and Financiing Activities of common stock |
Basis_of_Presentation_and_Goin
Basis of Presentation and Going Concern | 6 Months Ended |
Dec. 31, 2014 | |
Basis of Presentation and Going Concern [Abstract] | |
Basis of Presentation and Going Concern | Note 1 - Basis of Presentation and Going Concern |
Esio Water & Beverage Development Corp. was incorporated in Nevada in June 1988 as Richard Barrie Fragrances, Inc. Over the years, the Company changed its name several times, most recently from Tempco, Inc. to Esio Water & Beverage Development Corp. The consolidated financial statements include the accounts of Esio Water & Beverage Development Corp. and its wholly-owned subsidiary (collectively, “We” “Our” or the “Company”), Net Edge Devices, LLC, an Arizona Limited Liability Company. All intercompany accounts and transactions have been eliminated in consolidation. | |
Interim Financial Statements | |
The accompanying unaudited condensed consolidated financial statements of Esio Water & Beverage Development Corp. and subsidiaries have been prepared in accordance with generally accepted accounting principles (“GAAP”), pursuant to the rules and regulations of the Securities and Exchange Commission, and are unaudited. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary for a fair presentation of the results for the interim periods presented have been made. The results for the three and six months ended December 31, 2014, may not be indicative of the results for the entire year. These financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2014. | |
The preparation of financial statements in conformity with GAAP 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 could differ materially from these estimates. |
Going_Concern
Going Concern | 6 Months Ended |
Dec. 31, 2014 | |
Going Concern [Abstract] | |
Going Concern | Note 2 - 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 which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenue sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. | |
In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plans to obtain such resources for the Company include (i) obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses; (ii) obtaining funding from outside sources through the sale of its debt and/or equity securities; and (iii) completing a acquisition of an existing operating company. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. |