Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Aug. 13, 2019 | |
Details | ||
Registrant CIK | 0001094032 | |
Fiscal Year End | --12-31 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2019 | |
Document Transition Report | false | |
Entity File Number | 000-27251 | |
Entity Registrant Name | 24/7 Kid Doc, Inc. | |
Entity Incorporation, State or Country Code | FL | |
Entity Tax Identification Number | 59-3564984 | |
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 | |
Entity Address, Address Description | Address of principal executive offices | |
City Area Code | 828 | |
Local Phone Number | 244-5980 | |
Entity Current Reporting Status | No | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 50,964,655 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 |
Balance Sheets (June 30, 2019 u
Balance Sheets (June 30, 2019 unaudited) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 49,658 | $ 76,286 |
Cash in attorney trust accounts | 0 | 11,834 |
Total current assets | 49,658 | 88,120 |
Property and equipment, at cost, net | 759 | 902 |
Total Assets | 50,417 | 89,022 |
Current liabilities: | ||
Accrued expenses | 8,000 | 17,500 |
Advance from shareholder | 19,443 | 0 |
Notes payable | 255,833 | 117,199 |
Total current liabilities | 283,276 | 134,699 |
Stockholders' equity (deficit): | ||
Preferred Stock, Value | 100 | 100 |
Common Stock, Value | 5,181 | 5,181 |
Additional paid-in capital | 8,451,308 | 8,451,308 |
Treasury stock, 1,417,647 and 795,347 shares, at cost | (60,395) | (40,773) |
Accumulated (deficit) | (8,629,053) | (8,461,493) |
Total Stockholders' deficit | (232,859) | (45,677) |
Total Liabilities and Stockholders' deficit | $ 50,417 | $ 89,022 |
Balance Sheets (June 30, 2019_2
Balance Sheets (June 30, 2019 unaudited) - Parenthetical - $ / shares | Jun. 30, 2019 | Dec. 31, 2018 |
Details | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
Preferred Stock, Shares Issued | 1,000,000 | 1,000,000 |
Preferred Stock, Shares Outstanding | 1,000,000 | 1,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Shares, Issued | 51,810,502 | 51,810,502 |
Common Stock, Shares, Outstanding | 50,964,655 | 50,392,855 |
Treasury Stock, Shares | 1,417,647 | 795,347 |
Statements of Operations (unaud
Statements of Operations (unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Sales | $ 0 | $ 0 | $ 0 | $ 0 |
Cost of sales and services | 0 | 0 | 0 | 0 |
Gross profit | 0 | 0 | 0 | 0 |
General and administrative expenses | 81,575 | 7,694 | 153,934 | 13,259 |
Income (loss) from operations | (81,575) | (7,694) | (153,934) | (13,259) |
Other income (expense): | ||||
Other income | 0 | 0 | 0 | 1,404 |
Interest expense | (7,212) | (374) | (13,626) | (748) |
Total other income (expense), net | (7,212) | (374) | (13,626) | 656 |
Net income (loss)» | $ (88,787) | $ (8,068) | $ (167,560) | $ (12,603) |
Per share information: | ||||
Basic and diluted income (loss) per share | $ 0 | $ 0 | $ 0 | $ 0 |
Preferred Stock | ||||
Per share information: | ||||
Weighted average shares outstanding | 1,000,000 | 0 | 1,000,000 | 0 |
Common Stock | ||||
Per share information: | ||||
Weighted average shares outstanding | 50,455,513 | 50,810,502 | 50,668,979 | 50,810,502 |
Statement of Stockholders' Equi
Statement of Stockholders' Equity (Deficit) - USD ($) | Preferred Stock | Common Stock | Additional Paid-in Capital | Treasury Stock | Retained Earnings | Total |
Equity Balance, Starting at Dec. 31, 2017 | $ 0 | $ 5,181 | $ 8,332,805 | $ (39,009) | $ (8,400,130) | $ (101,253) |
Shares Outstanding, Starting at Dec. 31, 2017 | 0 | 51,810,502 | 671,650 | |||
Subscribed stock | 5,000 | 5,000 | ||||
Net Income (Loss) | $ 0 | $ 0 | 0 | $ 0 | (12,603) | (12,603) |
Shares Outstanding, Ending at Jun. 30, 2018 | 0 | 51,810,502 | 671,650 | |||
Equity Balance, Ending at Jun. 30, 2018 | $ 0 | $ 5,181 | 8,337,805 | $ (39,009) | (8,412,733) | (108,656) |
Equity Balance, Starting at Dec. 31, 2018 | $ 100 | $ 5,181 | 8,451,308 | $ (40,773) | (8,461,493) | (45,677) |
Shares Outstanding, Starting at Dec. 31, 2018 | 1,000,000 | 51,810,502 | 795,347 | |||
Treasury stock purchased | $ (19,622) | (19,622) | ||||
Treasury stock purchased | 622,300 | |||||
Net Income (Loss) | $ 0 | $ 0 | 0 | $ 0 | (167,560) | (167,560) |
Shares Outstanding, Ending at Jun. 30, 2019 | 1,000,000 | 51,810,502 | 1,417,647 | |||
Equity Balance, Ending at Jun. 30, 2019 | $ 100 | $ 5,181 | $ 8,451,308 | $ (60,395) | $ (8,629,053) | $ (232,859) |
Statements of Cash Flows (unaud
Statements of Cash Flows (unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Cash flows from operating activities | ||
Net income (loss) | $ (167,560) | $ (12,604) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 143 | 144 |
Interest added to shareholder loans | 0 | 748 |
Interest added to notes payable | 13,626 | 0 |
Change in assets and liabilities: | ||
Decrease in cash in attorney's trust account | 11,834 | 0 |
Decrease in accounts payable and accrued expenses | (9,500) | 0 |
Total adjustments | 16,103 | 892 |
Net cash (used in) operating activities | (151,457) | (11,712) |
Cash provided by financing activities: | ||
Proceeds from notes payable | 125,008 | 0 |
Proceeds from shareholder advance | 19,443 | 0 |
Proceeds from subscribed shares | 0 | 5,000 |
Purchase of treasury stock | (19,622) | 0 |
Net Cash Provided by (Used in) Financing Activities | 124,829 | 5,000 |
Increase (decrease) in cash and cash equivalents | (26,628) | (6,712) |
Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 76,286 | 10,139 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 49,658 | 3,427 |
Supplemental cash flow information: | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | $ 0 | $ 0 |
(1) Basis of Presentation and G
(1) Basis of Presentation and Going Concern | 6 Months Ended |
Jun. 30, 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 | 6 Months Ended |
Jun. 30, 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 | 6 Months Ended |
Jun. 30, 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 six-month periods ended June 30, 2019 and 2018. |
(3) Basic and Diluted Income _2
(3) Basic and Diluted Income (Loss) Per Share (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Details | ||
Dilutive Securities, Effect on Basic Earnings Per Share | $ 0 | $ 0 |