Document and Entity Information
Document and Entity Information | 3 Months Ended |
Mar. 31, 2015shares | |
Document and Entity Information: | |
Entity Registrant Name | ALPHA ENERGY INC |
Document Type | 10-Q |
Document Period End Date | Mar. 31, 2015 |
Trading Symbol | alpha |
Amendment Flag | false |
Entity Central Index Key | 855,787 |
Current Fiscal Year End Date | --12-31 |
Entity Common Stock, Shares Outstanding | 8,357,000 |
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 | 2,015 |
Document Fiscal Period Focus | Q1 |
CONDENSED BALANCE SHEETS (Unaud
CONDENSED BALANCE SHEETS (Unaudited) - USD ($) | Mar. 31, 2015 | Dec. 31, 2014 |
Current assets | ||
Cash | $ 1,085 | $ 3,290 |
Prepaid expenses | 2,955 | 2,955 |
Total current assets | 4,040 | 6,245 |
Oil and gas lease, successful efforts method | 24,000 | 24,000 |
Total assets | 28,040 | 30,245 |
Current liabilities | ||
Accounts payable | 5,520 | 115 |
Notes payable, related party | 275 | 275 |
Total current liabilities | 5,795 | 390 |
Stockholders' equity | ||
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; none issued or outstanding | 0 | |
Common stock, $0.0001 par value; 65,000,000 shares authorized; 8,357,000 issued and outstanding at March 31, 2015 and December 31, 2014, respectively | 836 | 836 |
Additional paid in capital | 70,462 | 70,462 |
Accumulated deficit | (49,053) | (41,443) |
Total stockholders' equity | 22,245 | 29,855 |
Total liabilities and stockholders' equity | $ 28,040 | $ 30,245 |
BALANCE SHEETS PARENTHETICALS
BALANCE SHEETS PARENTHETICALS - $ / shares | Mar. 31, 2015 | Dec. 31, 2014 |
PARENTHETICALS | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Common Stock, par value | $ 0.0001 | $ 0.0001 |
Common Stock, shares authorized | 65,000,000 | 65,000,000 |
Common Stock, shares issued | 8,357,000 | 8,357,000 |
Common Stock, shares outstanding | 8,357,000 | 8,357,000 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Operating expenses | ||
Professional services | $ 6,585 | $ 1,000 |
General and administrative | 1,025 | 1,046 |
Total operating expenses | 7,610 | 2,046 |
Loss from operations | (7,610) | (2,046) |
Provision for income taxes | 0 | |
Net loss applicable to common shareholders | $ (7,610) | $ (2,046) |
Net loss per share, basic and diluted | $ 0 | $ 0 |
Weighted average shares outstanding, basic and diluted | 8,357,000 | 8,191,667 |
CONDENSED STATEMENT OF CASH FLO
CONDENSED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Cash flows from operating activities | ||
Net loss | $ (7,610) | $ (2,046) |
Changes in operating assets and liabilities | ||
Prepaid expenses | (3,500) | |
Accounts payable | 5,405 | (3,000) |
Deposits | 5,000 | |
Net cash used in operating activities | (2,205) | (3,546) |
Cash flows from financing activities | ||
Proceeds from sale of common stock | 12,000 | |
Net cash provided by financing activities | 12,000 | |
Cash, beginning of period | 3,290 | 2,229 |
Net change in cash | (2,205) | 8,454 |
Cash, end of period | 1,085 | 10,683 |
Supplemental cash flow information | ||
Cash paid for interest | 0 | |
Cash paid for income taxes | $ 0 | |
Supplemental disclosure of non-cash investing activities | ||
Issuance of common stock for receivable | $ 4,500 |
CONDENSED FINANCIAL STATEMENTS
CONDENSED FINANCIAL STATEMENTS | 3 Months Ended |
Mar. 31, 2015 | |
CONDENSED FINANCIAL STATEMENTS | |
CONDENSED FINANCIAL STATEMENTS | NOTE 1 CONDENSED FINANCIAL STATEMENTS The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows as of March 31, 2015, and for all periods presented herein, have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America 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 Companys December 31, 2014 audited financial statements. The results of operations for the period ended March 31, 2015 are not necessarily indicative of the operating results for the full years. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Mar. 31, 2015 | |
GOING CONCERN | |
GOING CONCERN | NOTE 2 GOING CONCERN The Companys financial statements are prepared using generally accepted accounting principles 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 revenues 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. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Managements plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. |
COMMON STOCK WARRANTS
COMMON STOCK WARRANTS | 3 Months Ended |
Mar. 31, 2015 | |
COMMON STOCK WARRANTS: | |
COMMON STOCK WARRANTS | NOTE 3 COMMON STOCK WARRANTS Through the year ended December 31, 2014, the Company issued warrants in connection with common stock issued for cash. The following table summarizes all stock warrant activity for the three months ended March 31, 2015: Shares Weighted- Average Exercise Price Per Share Outstanding, December 31, 2014 250,000 $ 0.250 Granted - - Exercised - - Forfeited - - Expired - - Outstanding, March 31, 2015 250,000 $ 0.25 The following table discloses information regarding outstanding and exercisable warrants at March 31, 2015: Outstanding Exercisable Exercise Prices Number of Option Shares Weighted Average Exercise Price Weighted Average Remaining Life (Years) Number of Warrant Shares Weighted Average Exercise Price $ 0.250 250,000 $ 0.250 1.80 250,000 $ 0.250 250,000 $ 0.250 1.80 250,000 $ 0.250 |
COMMON STOCK WARRANTS (TABLES)
COMMON STOCK WARRANTS (TABLES) | 3 Months Ended |
Mar. 31, 2015 | |
COMMON STOCK WARRANTS (TABLES): | |
SCHEDULE OF STOCK WARRANT ACTIVITY (TABLES) | The following table summarizes all stock warrant activity for the three months ended March 31, 2015: Shares Weighted- Average Exercise Price Per Share Outstanding, December 31, 2014 250,000 $ 0.250 Granted - - Exercised - - Forfeited - - Expired - - Outstanding, March 31, 2015 250,000 $ 0.25 |
SCHEDULE OF OUTSTANDING AND EXERCISABLE WARRANTS (TABLES) | The following table discloses information regarding outstanding and exercisable warrants at March 31, 2015: Outstanding Exercisable Exercise Prices Number of Option Shares Weighted Average Exercise Price Weighted Average Remaining Life (Years) Number of Warrant Shares Weighted Average Exercise Price $ 0.250 250,000 $ 0.250 1.80 250,000 $ 0.250 250,000 $ 0.250 1.80 250,000 $ 0.250 |
STOCK WARRANTS (DETAILS)
STOCK WARRANTS (DETAILS) - $ / shares | Mar. 31, 2015 | Dec. 31, 2014 |
STOCK WARRANTS DETAILS | ||
Shares Outstanding | 250,000 | 250,000 |
Weighted-Average Exercise Price Per Share Outstanding | $ 0.25 | $ 0.250 |
OUSTANDING AND EXERCISABLE WARR
OUSTANDING AND EXERCISABLE WARRANTS (DETAILS) | Mar. 31, 2015$ / sharesshares |
OUSTANDING AND EXERCISABLE WARRANTS DETAILS | |
Number of Option Shares Outstanding Exercise Prices 0.250 | shares | 250,000 |
Weighted Average Exercise Price Outstanding 0.250 | $ / shares | $ 0.250 |
Weighted Average Remaining Life (Years) Outstanding Exercise Prices 0.250 | 1.80 |
Number of Option Shares Outstanding | shares | 250,000 |
Weighted Average Outstanding | $ / shares | $ 0.250 |
Weighted Average Remaining Life (Years) Outstanding | 1.80 |
Number of Warrant Shares Exercisable Exercise Prices 0.250 | shares | 250,000 |
Weighted Average Exercise Price Exercisable Exercise Prices 0.250 | $ / shares | $ 0.250 |
Number of Warrant Shares Exercisable | shares | 250,000 |
Weighted Average Exercise Price Exercisable | $ / shares | $ 0.250 |