Strategic Acquisitions (STQN) 10-K 2 Apr 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Feb. 13, 2018	Jun. 30, 2017
Document And Entity Information
Entity Registrant Name	STRATEGIC ACQUISITIONS INC /NV/
Entity Central Index Key	847,942
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 244,992
Entity Common Stock, Shares Outstanding		2,515,000
Trading Symbol	STQN
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 244,160	$ 1,275
Prepaid rent – related party	1,750
Rent deposit – related party	3,500
Total current assets	249,410	1,275
Total assets	249,410	1,275
Current liabilities:
Accounts payable
Total current liabilities
Total liabilities
Stockholders’ equity:
Common stock, $0.001 par value; 50,000,000 shares authorized; 2,515,000 and 1,740,000 shares, respectively, issued and outstanding	2,515	1,740
Additional paid-in capital	535,888	226,663
Accumulated deficit	(288,993)	(227,128)
Total stockholders’ equity	249,410	1,275
Total liabilities and stockholders’ equity	$ 249,410	$ 1,275

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	2,515,000	1,740,000
Common stock, shares outstanding	2,515,000	1,740,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Revenues
Expenses
General & Administrative	29,763	11,615
General & Administrative – related party	23,500
Rent – related party	8,750
Total Expenses	62,013	11,615
Other Income
Interest Income	148
Total Other Income	148
Net income (loss)	$ (61,865)	$ (11,615)
Net Income (Loss) Per Common Share – Basic & Fully Diluted	$ (0.03)	$ (0.01)
Weighted average number of shares of common stock outstanding – Basic & Fully Diluted	1,926,986	1,735,902

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Income (Loss) [Member]	Total
Balance beginning at Dec. 31, 2015	$ 1,715	$ 216,688	$ (215,513)	$ 2,890
Balance beginning, shares at Dec. 31, 2015	1,715,000
Issuance of common stock on March 1, 2016 and March 22, 2017 for cash of $0.40 per share	$ 25	9,975		10,000
Issuance of common stock on March 1, 2016 and March 22, 2017 for cash of $0.40 per share, shares	25,000
Net (Loss)			(11,615)	(11,615)
Balance ending at Dec. 31, 2016	$ 1,740	226,663	(227,128)	1,275
Balance ending, shares at Dec. 31, 2016	1,740,000
Issuance of common stock on March 1, 2016 and March 22, 2017 for cash of $0.40 per share	$ 25	9,975		10,000
Issuance of common stock on March 1, 2016 and March 22, 2017 for cash of $0.40 per share, shares	25,000
Issuance of common stock on October 4, 2017 for cash of $0.40 per share	$ 125	49,875		50,000
Issuance of common stock on October 4, 2017 for cash of $0.40 per share, shares	125,000
Issuance of common stock on October 13, 2017 for cash of $0.40 per share	$ 625	249,375		250,000
Issuance of common stock on October 13, 2017 for cash of $0.40 per share, shares	625,000
Net (Loss)			(61,865)	(61,865)
Balance ending at Dec. 31, 2017	$ 2,515	$ 535,888	$ (288,993)	$ 249,410
Balance ending, shares at Dec. 31, 2017	2,515,000

Statements of Stockholders' Eq6

Statements of Stockholders' Equity (Parenthetical) - $ / shares	Oct. 13, 2017	Oct. 04, 2017	Mar. 22, 2017	Mar. 01, 2016
Statement of Stockholders' Equity [Abstract]
Shares issued, price per share	$ 0.40	$ 0.40	$ 0.40	$ 0.40

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash Flows From Operating Activities
Net income (loss)	$ (61,865)	$ (11,615)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
(Increase) Decrease in prepaid rent – related party	(1,750)
(Increase) Decrease in security deposit – related party	(3,500)
Increase (Decrease) in accounts payable
Net cash provided by (used in) operating activities	(67,115)	(11,615)
Cash Flows From Financing Activities
Issuance of common stock, net of costs	310,000	10,000
Net cash provided by (used in) financing activities	310,000	10,000
Net increase (decrease) in cash and cash equivalents	242,885	(1,615)
Cash and cash equivalents at beginning of the period	1,275	2,890
Cash and cash equivalents at end of the period	$ 244,160	$ 1,275

Significant Accounting Policies

Significant Accounting Policies and Procedures	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies and Procedures	Note 1. Significant Accounting Policies and Procedures Organization The Company was organized January 27, 1989 (Date of Inception) under the laws of the State of Nevada, as Strategic Acquisitions, Inc. Since inception, the Company has not engaged in any business other than organizational efforts, the sale of stock, and the evaluation of potential acquisition targets. It has no full-time employees and owns no real property. The Company intends to seek to acquire one or more existing businesses that have existing management, through merger or acquisition. Management of the Company will have virtually unlimited discretion in determining the business activities in which the Company might engage. No assurance can be given that the Company will be successful in finding or acquiring a desirable business opportunity, given that limited funds are available for acquisitions, or that any acquisition that occurs will be on terms that are favorable to the Company or its stockholders. 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 revenue and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company maintains a cash balance in an interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. Concentration of Credit Risk At December 31, 2017, and 2016, the Company maintained all of its cash in one commercial bank. The Company has not experienced any losses on such accounts. Revenue Recognition The Company recognizes revenue on an accrual basis as it invoices for services. Reporting on the Costs of Start-Up Activities ASC 720-15, “Start-Up Costs,” which provides guidance on the financial reporting of start-up costs and organizational costs, requires most costs of start-up activities and organizational costs to be expensed as incurred. Loss Per Share Net loss per share is provided in accordance with ASC 260, “Earnings Per Share”. Basic loss per share is computed by dividing losses available to common stockholders by the weighted average number of common shares outstanding during the period. The Company had no dilutive common stock equivalents, such as stock options or warrants, as of December 31, 2017. Advertising Costs The Company expenses all costs of advertising as incurred. There were no advertising costs included in selling, general and administrative expenses for the years ended December 31, 2017 and 2016. Fair Value of Financial Instruments Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2017. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand. Segment Reporting The Company follows ASC 280, “Segment Reporting”. The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations. Dividends The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid or declared since inception. Income Taxes The Company follows ASC 740, “Income Taxes” for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change. Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. Recently Issued Accounting Pronouncements We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the Company’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration. Reference is made to these recent accounting pronouncements as if they are set forth herein in their entirety.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 2. Income Taxes The Company accounts for income taxes under ASC 740, “Income Taxes”, which requires use of the liability method. ASC 740 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, referred to as temporary differences. Deferred tax assets and liabilities at the end of each period are determined using the currently enacted tax rates applied to taxable income in the periods in which the deferred tax assets and liabilities are expected to be settled or realized. The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes. The sources and tax effects of the differences are as follows: U.S. federal statutory rate (34.0 %) Valuation reserve 34.0 % Total - % As of December 31, 2017, the Company has a net operating loss carryforward of approximately $251,000 for tax purposes, which will be available to offset future taxable income. If not used, this carryforward will expire between 2019 and 2037. The deferred tax asset relating to the operating loss carryforward has been fully reserved at December 31, 2017. The availability of this operating loss to offset future earnings may be limited under the change of control provisions of Internal Revenue Code Section 381. For the years ended December 31, 2017 and 2016, the valuation allowance increased by approximately $22,800 and $4,000, respectively. Management has concluded that the Company has no uncertain tax positions requiring disclosure pursuant to ASC 740. The tax years open for audit are 2014 to 2017.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Note 3. Related Party Transactions The Company previously utilized the home of its President as a mailing address “rent free”. As of October 15, 2017, the Company entered into a one year rental agreement with Westminster Securities Corp., an entity controlled by the Company’s President, John O’Shea, for office space at the rate of $3,500 per month, in addition to paying a $3,500 security deposit. The Company issued compensation to certain officers and directors or their affiliates for services in connection with completing private placement transactions and evaluating potential business opportunities. The total compensation issued during the year to related parties was: $8,500 to Westminster Securities Corp., $10,000 to Jonathan Braun, a director of the Company, and $5,000 to Marika Tonay, an officer and director of the Company. The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Stockholders' Equity	Note 4. Stockholders’ Equity The Company is authorized to issue 50,000,000 shares of its $0.001 par value Common Stock. On July 31, 1989, the Company issued 1,360,000 shares of its Common Stock to its directors for cash in the amount of $6,000. During the fourth quarter 1989, the Company’s public offering was declared effective. In connection therewith, the Company sold 40,000 units of Common Stock at $6.00 per unit. Each unit consisted of six shares of $0.001 par value common stock, thirty Class A Warrants, thirty Class B Warrants, and thirty Class C Warrants. The Class A Warrants, Class B Warrants, and Class C Warrants expired on July 15, 2004. The Company granted the underwriters of its initial public offering Warrants to purchase an aggregate of 4,000 units that were identical in all respects to the units sold to the public, pursuant to the terms of the underwriting agreement, at an exercise price of $6.42 per unit. The underwriter’s warrants expired on July 15, 2004. On June 30, 2004, the Company issued 10,000 shares of its Common Stock to an officer and director of the Company for services valued at $3,100. On February 25, 2013, the Company issued 80,000 shares of its Common Stock to an officer and director of the Company, for cash in the amount of $20,000, in a private placement transaction. On March 19, 2015, the Company issued 25,000 shares of its Common Stock to an officer and director of the Company, for cash in the amount of $10,000, in a private placement transaction. On March 1, 2016, the Company issued 25,000 shares of its Common Stock to an officer and director of the Company, for cash in the amount of $10,000, in a private placement transaction. On March 22, 2017, the Company issued 25,000 shares of its Common Stock to an investor in a private placement transaction, for cash in the amount of $10,000. On October 4, 2017, the Company issued 125,000 shares of its Common Stock to an investor in a private placement transaction, for cash in the amount of $50,000. On October 13, 2017, the Company issued 625,000 shares of its Common Stock to an investor in a private placement transaction, for cash in the amount of $250,000. There have been no other issuances of Common Stock as of December 31, 2017.

Significant Accounting Polici12

Significant Accounting Policies and Procedures (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Organization	Organization The Company was organized January 27, 1989 (Date of Inception) under the laws of the State of Nevada, as Strategic Acquisitions, Inc. Since inception, the Company has not engaged in any business other than organizational efforts, the sale of stock, and the evaluation of potential acquisition targets. It has no full-time employees and owns no real property. The Company intends to seek to acquire one or more existing businesses that have existing management, through merger or acquisition. Management of the Company will have virtually unlimited discretion in determining the business activities in which the Company might engage. No assurance can be given that the Company will be successful in finding or acquiring a desirable business opportunity, given that limited funds are available for acquisitions, or that any acquisition that occurs will be on terms that are favorable to the Company or its stockholders.
Estimates	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 revenue and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company maintains a cash balance in an interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents.
Concentration of Credit Risk	Concentration of Credit Risk At December 31, 2017, and 2016, the Company maintained all of its cash in one commercial bank. The Company has not experienced any losses on such accounts.
Revenue Recognition	Revenue Recognition The Company recognizes revenue on an accrual basis as it invoices for services.
Reporting on the Costs of Start-Up Activities	Reporting on the Costs of Start-Up Activities ASC 720-15, “Start-Up Costs,” which provides guidance on the financial reporting of start-up costs and organizational costs, requires most costs of start-up activities and organizational costs to be expensed as incurred.
Loss Per Share	Loss Per Share Net loss per share is provided in accordance with ASC 260, “Earnings Per Share”. Basic loss per share is computed by dividing losses available to common stockholders by the weighted average number of common shares outstanding during the period. The Company had no dilutive common stock equivalents, such as stock options or warrants, as of December 31, 2017.
Advertising Costs	Advertising Costs The Company expenses all costs of advertising as incurred. There were no advertising costs included in selling, general and administrative expenses for the years ended December 31, 2017 and 2016.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2017. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.
Segment Reporting	Segment Reporting The Company follows ASC 280, “Segment Reporting”. The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations.
Dividends	Dividends The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid or declared since inception.
Income Taxes	Income Taxes The Company follows ASC 740, “Income Taxes” for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change. Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the Company’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration. Reference is made to these recent accounting pronouncements as if they are set forth herein in their entirety.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The sources and tax effects of the differences are as follows: U.S. federal statutory rate (34.0 %) Valuation reserve 34.0 % Total - %

Significant Accounting Polici14

Significant Accounting Policies and Procedures (Details Narrative)	12 Months Ended
	Dec. 31, 2017Segment
Accounting Policies [Abstract]
Number of operating segment	1

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Net operating loss carry forward amount	$ 251,000
Net operating loss carryforwards expiration term	expire between 2019 and 2037
Operating loss carryforwards, valuation allowance	$ 22,800	$ 4,000

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S federal statutory rate	(34.00%)
Valuation reserve	34.00%
Total	0.00%

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Oct. 15, 2017	Dec. 31, 2017	Dec. 31, 2016
Monthly rent expense	$ 3,500
Security deposit	3,500	$ 3,500
Westminster Securities Corp [Member]
Due to related parties	8,500
Jonathan Braun [Member]
Due to related parties	10,000
Marika Tonay [Member]
Due to related parties	$ 5,000

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	Oct. 13, 2017	Oct. 04, 2017	Mar. 22, 2017	Mar. 01, 2016	Mar. 19, 2013	Feb. 25, 2013	Jun. 30, 2004	Jul. 31, 1989	Dec. 31, 1989	Dec. 31, 2017	Dec. 31, 2016
Common stock, shares authorized										50,000,000	50,000,000
Common stock, par value										$ 0.001	$ 0.001
Shares issued during period, value										$ 10,000	$ 10,000
Description of sale of stock on transaction									The Company sold 40,000 units of Common Stock at $6.00 per unit. Each unit consisted of six shares of $0.001 par value common stock, thirty Class A Warrants, thirty Class B Warrants, and thirty Class C Warrants.
Number of shares sold in transaction									40,000
Sale of stock, price per share									$ 6
Common Stock [Member]
Common stock, par value									$ 0.001
Number of shares issued during period										25,000	25,000
Shares issued during period, value										$ 25	$ 25
Number of warrants issued									6
Class A Warrants [Warrants]
Warrant expiration date									Jul. 15, 2004
Number of warrants issued									30
Class B Warrants [Warrants]
Warrant expiration date									Jul. 15, 2004
Number of warrants issued									30
Class C Warrants [Warrants]
Warrant expiration date									Jul. 15, 2004
Number of warrants issued									30
Director [Member]
Number of shares issued during period								1,360,000
Shares issued during period, value								$ 6,000
UnderWriters [Member]
Warrant expiration date										Jul. 15, 2004
Number of warrants issued										4,000
Exercise price of warrants										$ 6.24
Officer and Director [Member]
Number of stock issued for service							10,000
Stock issued to for services, value							$ 3,100
Officer and Director [Member] | Private Placement [Member]
Number of shares issued during period				25,000	25,000	80,000
Shares issued during period, value				$ 10,000	$ 10,000	$ 20,000
Investor [Member] | Private Placement [Member]
Number of shares issued during period	625,000	125,000	25,000
Shares issued during period, value	$ 250,000	$ 50,000	$ 10,000