Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 14, 2019 | |
Details | ||
Registrant Name | 24/7 KID DOC, INC. | |
Registrant CIK | 0001094032 | |
SEC Form | 10-Q | |
Period End date | Mar. 31, 2019 | |
Fiscal Year End | --12-31 | |
Trading Symbol | TVMD | |
Tax Identification Number (TIN) | 593564984 | |
Number of common stock shares outstanding | 50,964,655 | |
Filer Category | Smaller Reporting Company | |
Current with reporting | Yes | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Entity Incorporation, State Country Name | FLORIDA | |
Entity Address, Address Line One | 8269 Burgos Ct. | |
Entity Address, City or Town | Orlando | |
Entity Address, State or Province | FL | |
Entity Address, Postal Zip Code | 32836 | |
City Area Code | 828 | |
Local Phone Number | 244-5980 |
Balance Sheets
Balance Sheets - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Current Assets | ||
Cash and Cash Equivalents, at Carrying Value | $ 152,840 | $ 76,286 |
Cash in attorney trust account | 0 | 11,834 |
Assets, Current | 152,840 | 88,120 |
Property, Plant and Equipment, Net | 830 | 902 |
Assets | 153,670 | 89,022 |
Liabilities and Equity | ||
Liabilities and Equity | 153,670 | 89,022 |
Liabilities, Current | ||
Accounts payable | 5,863 | 0 |
Accrued expenses | 5,000 | 17,500 |
Due to Related Parties, Current | 19,443 | 0 |
Notes Payable, Current | 248,621 | 117,199 |
Liabilities, Current | 278,927 | 134,699 |
Stockholders' Equity Attributable to Parent | ||
Common Stock, Value, Outstanding | 5,181 | 5,181 |
Additional Paid in Capital | 8,451,308 | 8,451,308 |
Retained Earnings (Accumulated Deficit) | (8,535,266) | (8,461,493) |
Stockholders' Equity Attributable to Parent | (125,257) | (45,677) |
Preferred Stock, Value, Outstanding | 100 | 100 |
Treasury Stock, Common, Value | $ (46,580) | $ (40,773) |
Balance Sheets - Parenthetical
Balance Sheets - Parenthetical - $ / shares | Mar. 31, 2019 | Dec. 31, 2018 |
Details | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | |
Preferred Stock, Shares Authorized | 5,000,000 | |
Preferred Stock, Shares Outstanding | 1,000,000 | 1,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | |
Common Stock, Shares Authorized | 200,000,000 | |
Common Stock, Shares, Outstanding | 50,964,655 | 51,015,155 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Details | ||
Revenues | $ 0 | $ 0 |
Cost of Revenue | 0 | 0 |
Gross Profit | 0 | 0 |
General and Administrative Expense | 67,359 | 5,565 |
Operating Income (Loss) | (67,359) | (5,565) |
Other Expenses | ||
Other Operating Income (Expense), Net | (6,414) | 1,030 |
Other Income | 0 | 1,404 |
Interest Expense | (6,414) | (374) |
Net Income (Loss) Attributable to Parent | $ (73,773) | $ (4,535) |
Earnings Per Share, Basic | $ 0 | $ 0 |
Weighted Average Preferred Shares Outstanding | 1,000,000 | 0 |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 51,810,502 | 50,810,502 |
Statements of changes in Stockh
Statements of changes in Stockholders' Equity (Deficit) - 3 months ended Mar. 31, 2019 - USD ($) | Preferred Stock | Common Stock | Additional Paid-in Capital | Treasury Stock, Common | Retained Earnings | Total |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2018 | $ 100 | $ 5,181 | $ 8,451,308 | $ (40,773) | $ (8,461,493) | $ (45,677) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2018 | 1,000,000 | 51,810,502 | 795,347 | |||
Sales of Common Stock and Warrants, Amount | $ (5,807) | (5,807) | ||||
Treasury Stock, Shares, Acquired | 320,500 | |||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 0 | $ 0 | 0 | $ 0 | (73,773) | (73,773) |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2019 | $ 100 | $ 5,181 | $ 8,451,308 | $ (46,580) | $ (8,535,266) | $ (125,257) |
Shares, Outstanding, Ending Balance at Mar. 31, 2019 | 1,000,000 | 51,810,502 | 1,115,847 |
Statement of Cash Flows
Statement of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net Cash Provided by (Used in) Operating Activities | ||
Net Income (Loss) Attributable to Parent | $ (73,773) | $ (4,535) |
Increase (Decrease) in Operating Capital | ||
Net Cash Provided by (Used in) Operating Activities | (62,090) | (4,089) |
Net Cash Provided by (Used in) Financing Activities | ||
Net Cash Provided by (Used in) Financing Activities | 138,644 | 0 |
Cash, Period Increase (Decrease) | 76,554 | (4,089) |
Depreciation | 72 | 72 |
Interest added to shareholder loans | 0 | 374 |
Interest added to notes payable | 6,414 | 0 |
Decrease in cash in attorney's trust account | 11,834 | 0 |
Increase (Decrease) in Accounts Payable and Accrued Liabilities | (6,637) | 0 |
Proceeds from Notes Payable | 125,008 | 0 |
Proceeds from Related Party Debt | 19,443 | 0 |
Treasury Stock, Value, Acquired, Cost Method | (5,807) | 0 |
Cash and Cash Equivalents, at Carrying Value | 76,286 | 10,139 |
Cash and Cash Equivalents, at Carrying Value | 152,840 | 6,050 |
Interest Paid | 0 | 0 |
Income Taxes Paid | $ 0 | $ 0 |
(1) Basis of Presentation and G
(1) Basis of Presentation and Going Concern | 3 Months Ended |
Mar. 31, 2019 | |
Notes | |
(1) Basis of Presentation and Going Concern | (1) Basis of Presentation and Going Concern The accompanying unaudited condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and Rule 8.03 of Regulation SX. As such, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (including normal, recurring adjustments) considered necessary for a fair presentation have been included. The business plan is to create a company that will deliver pediatric services to children and adults 24 hours a day, 7 days a week here in the United States. In addition, we will be looking to provide these same services via the Internet to people throughout the world, especially in places where it is difficult to have available pediatric doctors or the standard of care is a concern. While we do not anticipate having significant cash outlays until we implement our business plan, there can be no assurance that such model will result in profitable operations, and/or that we will be able to obtain the debt or equity financing necessary to pay our expenses. Either of these factors could result in us having difficulty continuing as a going concern. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities should we be unable to continue as a going concern. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. For further information, refer to the financial statements of the Company as of and for the years ended December 31, 2018 and 2017, including notes, filed with the Company’s Form 10-12G. |
(2) Recent Accounting Pronounce
(2) Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2019 | |
Notes | |
(2) Recent Accounting Pronouncements | (2) Recent Accounting Pronouncements The Financial Accounting Standards Board issued a new accounting standard on accounting for leases which went into effect at the end of 2018. We have not entered into any lease arrangements and therefore this new accounting standard has no effect on our financial statements. There are no other new accounting pronouncements for which adoption is expected to have a material effect on our financial statements in future accounting periods. |
(3) Basic and Diluted Income (L
(3) Basic and Diluted Income (Loss) Per Share | 3 Months Ended |
Mar. 31, 2019 | |
Notes | |
(3) Basic and Diluted Income (Loss) Per Share | (3) Basic and Diluted Income (Loss) Per Share The Company calculates basic and diluted income (loss) per share as required by the FASB Accounting Standards Codification. Basic income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. During periods when we report a net loss, anti-dilutive common stock equivalents are not considered in the computation. We did not have any dilutive common stock equivalents during any of the three-month periods ended March 31, 2019 and 2018. |