Document and Entity Information
Document and Entity Information - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Jun. 30, 2018 | |
Document and Entity Information: | ||
Entity Registrant Name | BIOETHICS LTD | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Trading Symbol | bioe | |
Amendment Flag | false | |
Entity Central Index Key | 0000894560 | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 11,000,000 | |
Entity Public Float | $ 11,000,000 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | No | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 |
Balance Sheets
Balance Sheets - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 64,414 | $ 31,698 |
Total Current Assets | 64,414 | 31,698 |
FIXED ASSETS, NET | 726 | 798 |
TOTAL ASSETS | 65,140 | 32,496 |
CURRENT LIABILITIES | ||
Accounts payable | 31,904 | 28,340 |
Accounts payable - related party | 1,500 | |
Accrued interest - related parties | 14,857 | 11,670 |
Accrued interest | 11,458 | 7,890 |
Notes payable | 145,000 | 95,000 |
Notes payable - related parties | 155,920 | 155,920 |
Total Current Liabilities | 359,139 | 300,320 |
TOTAL LIABILITIES | 359,139 | 300,320 |
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Common stock, $0.001 par value; 150,000,000 shares authorized, 11,000,000 and 11,000,000 shares issued and outstanding, respectively | 11,000 | 11,000 |
Additional paid-in capital | 480,414 | 480,414 |
Accumulated deficit | (785,413) | (759,238) |
Total Stockholders' Equity (Deficit) | (293,999) | (267,824) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 65,140 | $ 32,496 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
OPERATING EXPENSES | ||
General and administrative | $ 18,421 | $ 12,873 |
Total Operating Expenses | 18,421 | 12,873 |
LOSS FROM OPERATIONS | (18,421) | (12,873) |
OTHER INCOME (EXPENSES) | ||
Interest expense | (7,754) | (4,075) |
Total Other Income (Expenses) | (7,754) | (4,075) |
NET LOSS BEFORE INCOME TAXES | (26,175) | (16,948) |
NET INCOME LOSS | $ (26,175) | $ (16,948) |
BASIC AND DILUTED LOSS PER SHARE | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 11,000,000 | 89,166,667 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Profit loss | $ (26,175) | $ (16,948) |
Adjustments to reconcile net loss to net cash used by operating activities: | ||
Depreciation | 72 | 71 |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 2,000 | |
Accounts payable | 3,564 | 8,980 |
Accounts payable - related party | (1,500) | 1,500 |
Accrued interest - related parties | 3,187 | (4,865) |
Accrued interest | 3,568 | 690 |
Net Cash Used by Operating Activities | (17,284) | (8,572) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from notes payable | 50,000 | |
Proceeds from notes payable - related parties | 43,500 | |
Repayment of note payable - related party | (25,000) | |
Repurchase of common stock | (10,000) | |
Net Cash Provided by Financing Activities | 50,000 | 8,500 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 32,716 | (72) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 31,698 | 1,724 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ 64,414 | $ 1,652 |
Note 1 Summary of Significant A
Note 1 Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2019 | |
Notes | |
Note 1 Summary of Significant Accounting Policies | NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization - Bioethics, Ltd. (the Company) was organized under the laws of the State of Nevada on July 26, 1990. The Company was organized to provide a vehicle for participating in potentially profitable business ventures which may become available through the personal contacts, and at the complete discretion, of the Companys 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. 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 for the three months ended March 31, 2019 and 2018 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 financial statements be read in conjunction with the financial statements and notes thereto included in the Companys December 31, 2018 audited financial statements. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of the operating results for the full year. |
Note 2 Related Party Transactio
Note 2 Related Party Transactions | 3 Months Ended |
Mar. 31, 2019 | |
Notes | |
Note 2 Related Party Transactions | NOTE 2 RELATED PARTY TRANSACTIONS Management Compensation - During the three months ended March 31, 2019 and 2018, the Company did not pay any compensation to its officers and directors. Beginning August 2017, the Company entered into an oral agreement to pay the Companys sole director $500 per month as payment for use of his personal residence as the Companys office and mailing address. The Company has recorded rent expense of $1,500 during each of the three months ended March 31, 2019 and 2018, which is included in the general and administrative expenses on the statements of operations. The amount payable at December 31, 2018 was $1,500. During the three months ended March 31, 2019, the Company paid $3,000, resulting in $-0- payable at March 31, 2019. In December 2014, the Company borrowed $25,000 from the majority shareholder pursuant to an unsecured promissory note, which was due on demand and accrued interest at 12% per annum, or $750 per quarter. On March 9, 2018 the Company paid the outstanding principal amount of $25,000 and accrued interest of $8,250. On March 8, 2018 the Company entered into a promissory note with a newly-affiliated party in the amount of $43,250. The note is payable on demand and carries interest at 10% per annum. Interest expense for the three months ended March 31, 2019 and 2018 was $853 and $218, respectively, resulting in accrued interest of $3,678 and $2,825 at March 31, 2019 and December 31, 2018, respectively. On December 12, 2017, the Company entered into a promissory note with its sole officer and director in the amount of $107,000. On various dates during 2018, the officer advanced the Company an additional $5,670, resulting in total note principal balances of $112,670 at March 31, 2019 and December 31, 2018. The cumulative note balance is uncollateralized, due on demand, and carries interest at 12% per annum. Interest expense on the note for the three months ended March 31, 2019 and 2018 was $3,334 and $3,167, respectively, of which the Company repaid $1,000 during the three months ended March 31, 2019, resulting in accrued interest totaling $11,179 and $8,845 at March 31, 2019 and December 31, 2018, respectively. |
Note 3 - Equity Transactions
Note 3 - Equity Transactions | 3 Months Ended |
Mar. 31, 2019 | |
Notes | |
Note 3 - Equity Transactions | NOTE 3 EQUITY TRANSACTIONS On March 9, 2018, the Company repurchased 105,000,000 shares of its outstanding common stock (the Control Shares) held by Bradly Petersen (Mr. Petersen), for cash of $10,000. As a result of this transaction, Mr. Petersen no longer holds any interest in the Company, and the Control shares have been cancelled so that there were 11,000,000 issued and outstanding shares of Common Stock at March 31, 2019 and December 31, 2018. |
Note 4 - Notes Payable
Note 4 - Notes Payable | 3 Months Ended |
Mar. 31, 2019 | |
Notes | |
Note 4 - Notes Payable | NOTE 4 - NOTES PAYABLE On June 14, 2016, the Company issued a promissory note in the principal amount of $35,000 to an unaffiliated lender. The Note is due on demand at any time after its original maturity date of June 14, 2017, and carries an interest rate of 8% per annum. Interest expense for the three months ended March 31, 2019 and 2018 totaled $690 and $690, respectively, resulting in accrued interest at March 31, 2019 and December 31, 2018 of $7,825 and $7,134, respectively. Principal balance on the note at March 31, 2019 and December 31, 2018 was $35,000. On August 15, 2018, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note was due on November 15, 2018 and carries an interest rate of 12% per annum. Interest expense for the three months ended March 31, 2019 and 2018 totaled $296 and $-0-, respectively, resulting in accrued interest at March 31, 2019 and December 31, 2018 of $750 and $454, respectively. Principal balance on the note at March 31, 2019 and December 31, 2018 was $10,000. On November 15, 2018, the Company issued a promissory note in the principal amount of $20,000 to an unaffiliated lender. The Note was due on February 15, 2019, and carries an interest rate of 12% per annum. Interest expense for the three months ended March 31, 2019 and 2018 totaled $592 and $-0-, respectively, resulting in accrued interest at March 31, 2019 and December 31, 2018 of $894 and $302, respectively. Principal balance on the note at March 31, 2019 and December 31, 2018 was $20,000. On December 31, 2018, the Company issued a promissory note in the principal amount of $30,000 to an unaffiliated lender. The Note is due on December 31, 2019, and carries an interest rate of 12% per annum. Interest expense for the three months ended March 31, 2019 and 2018 totaled $888 and $-0-, respectively, resulting in accrued interest at March 31, 2019 and December 31, 2018 of $888 and $-0-, respectively. Principal balance on the note at March 31, 2019 and December 31, 2018 was $30,000. On January 23, 2019, the Company issued a promissory note in the principal amount of $50,000 to an unaffiliated lender. The Note is due on January 23, 2020, and carries an interest rate of 12% per annum. Interest expense for the three months ended March 31, 2019 and 2018 totaled $1,101 and $-0-, respectively, resulting in accrued interest at March 31, 2019 of $1,101. Principal balance on the note at March 31, 2019 and December 31, 2018 was $50,000 and $-0-, respectively. |
Note 5 - Going Concern
Note 5 - Going Concern | 3 Months Ended |
Mar. 31, 2019 | |
Notes | |
Note 5 - Going Concern | NOTE 5 - 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 totaling $785,413 and has no on-going operations. 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 any necessary additional funds not provided by operations through loans, additional sales of its common stock, or through a possible business combination. 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 6 - Loss Per Share
Note 6 - Loss Per Share | 3 Months Ended |
Mar. 31, 2019 | |
Notes | |
Note 6 - Loss Per Share | <table border="0" cellspacing="0" cellpadding="0" width="422" style='width:316.55pt;border-collapse:collapse'> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:center'>For the Three Months Ended </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:center'>For the Three Months Ended</p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none'> </p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:center'>March 31, 2019</p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:center'>March 31, 2018</p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none'> </p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>Loss from continuing operations</p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>applicable to common</p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>stockholders (numerator)</p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'>$ (26,175)</p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'>$ (16,948)</p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'> </p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>Weighted average number of</p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>common shares outstanding</p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>used in loss per share calculation</p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>during the period denominator)</p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'>11,000,000</p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'>89,166,667</p> </td> </tr> </table> </div> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'>Dilutive loss per share was not presented, as the Company had no common share equivalents for all periods presented that would affect the computation of diluted loss per share. In addition, the Company has experienced continuing losses, so inclusion of any common share equivalents would result in an anti-dilutive effect.</p>" id="sjs-B4"><!--egx--><p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'>NOTE 6 - LOSS PER SHARE</p> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'>The following data show the amounts used in computing loss per share:</p> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'>                                                </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="422" style='width:316.55pt;border-collapse:collapse'> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:center'>For the Three Months Ended </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:center'>For the Three Months Ended</p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none'> </p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:center'>March 31, 2019</p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:center'>March 31, 2018</p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none'> </p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>Loss from continuing operations</p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>applicable to common</p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>stockholders (numerator)</p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'>$           (26,175)</p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'>$           (16,948)</p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'> </p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>Weighted average number of</p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>common shares outstanding</p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>used in loss per share calculation</p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> <td width="104" valign="top" style='width:78.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="214" valign="top" style='width:160.35pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;margin-left:-.2pt'>during the period denominator)</p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'>11,000,000</p> </td> <td width="104" valign="top" style='width:78.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:right'>89,166,667</p> </td> </tr> </table> </div> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;text-align:justify'>Dilutive loss per share was not presented, as the Company had no common share equivalents for all periods presented that would affect the computation of diluted loss per share. In addition, the Company has experienced continuing losses, so inclusion of any common share equivalents would result in an anti-dilutive effect.</p> |
Note 7 - Subsequent Events
Note 7 - Subsequent Events | 3 Months Ended |
Mar. 31, 2019 | |
Notes | |
Note 7 - Subsequent Events | NOTE 7 SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and determined there are no events to disclose. |