Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Mar. 31, 2017 | Dec. 30, 2016 | |
Document And Entity Information | |||
Entity Registrant Name | Vet Online Supply Inc. | ||
Entity Central Index Key | 1,641,751 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2016 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Is Entity a Well-known Seasoned Issuer? | No | ||
Is Entity a Voluntary Filer? | No | ||
Is Entity's Reporting Status Current? | Yes | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Public Float | $ 36,210,000 | ||
Entity Common Stock, Shares Outstanding | 192,000,000 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2,016 |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 | |
Current assets | |||
Cash and cash equivalents | $ 319 | $ 1,870 | |
Deferred offering costs | 12,500 | ||
Other receivable | 177 | 177 | |
Total current assets | 496 | 14,547 | |
TOTAL ASSETS | 496 | 14,547 | |
Current liabilities | |||
Accounts payable | 20,648 | 18,641 | |
Accounts payable, related parties | 264 | 12,000 | |
Convertible notes payable | 50,000 | 50,000 | |
Promissory notes payable, related party | 9,440 | 7,736 | |
Total current liabilities | 80,352 | 88,377 | |
Total liabilities | 80,352 | 88,377 | |
Stockholders equity (deficit) | |||
Preferred stock, $0.001 par value: Authorized: 10,000,000 Preferred shares, no shares issued and outstanding | |||
Common stock, $0.001 par value: shares authorized 8,000,000,000; 192,000,000 shares issued and outstanding as of December 31, 2016 and 9,000,000,000 shares issued and 7,500,000,000 shares outstanding at December 31, 2015* | 192,000 | [1] | 9,000,000 |
Treasury stock, at cost (10,000,000 shares at $0.0001) | (1,000) | ||
Additional paid in capital | (79,850) | (8,909,850) | |
Accumulated deficit | (192,006) | (162,980) | |
Total stockholders deficit | (79,856) | (73,830) | |
TOTAL LIABILITIES & EQUITY | $ 496 | $ 14,547 | |
[1] | *The retroactive impact of the 150 for 1 share split effective July 28, 2016 results in issued shares exceeding authorized capital as of December 31, 2015 due to the 1,500,000,000 issued shares held in treasury. |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, authorized | 8,000,000,000 | 8,000,000,000 |
Common stock, issued | 192,000,000 | 9,000,000,000 |
Common stock, outstanding | 7,500,000,000 | |
Treasury stock, value | $ (1,000) | |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, authorized | 10,000,000 | 10,000,000 |
Preferred stock, issued | ||
Preferred stock, outstanding |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Income Statement [Abstract] | ||
Net sales | $ 1,096 | $ 3,681 |
Cost of goods sold | (687) | (2,881) |
Gross profit | 409 | 800 |
Selling, general and administrative expenses | 28,977 | 111,163 |
Interest expense | 458 | |
Income (loss) from operations | (29,026) | (110,363) |
Gain from cancelation of convertible note | 19,480 | |
Net (loss) | $ (29,026) | $ (90,883) |
Net (loss) per common shares (basic and diluted) | $ 0 | $ 0 |
Weighted average shares outstanding - Basic and diluted | 6,956,914,344 | 5,510,958,000 |
Shareholders Equity
Shareholders Equity - USD ($) | Common Stock | Treasury Stock | Preferred Stock | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning balance, amount at Dec. 31, 2014 | $ 1,500,000 | $ (1,484,850) | $ (72,097) | $ (56,947) | ||
Beginning balance, in shares at Dec. 31, 2014 | 1,500,000,000 | |||||
Issuance of common stock for services, amount | $ 7,500,000 | (7,425,000) | 75,000 | |||
Issuance of common stock for services, in shares | 7,500,000,000 | |||||
Shares returned to treasury, amount | $ (1,000) | (1,000) | ||||
Shares returned to treasury, shares | (1,500,000,000) | |||||
Net loss | (90,883) | (90,883) | ||||
Ending balance, amount at Dec. 31, 2015 | $ 9,000,000 | (1,000) | (8,909,850) | (162,980) | $ (73,830) | |
Ending balance, in shares at Dec. 31, 2015 | 7,500,000,000 | 7,500,000,000 | ||||
Shares returned to treasury, amount | $ (1,500,000) | 1,000 | 1,499,000 | |||
Issuance of common stock for private placement, net of deferred financing costs, amount | $ 53,250 | (30,250) | 23,000 | |||
Issuance of common stock for private placement, net of deferred financing costs, in shares | 53,250,000 | |||||
Share cancellation, amount | $ (7,361,250) | 7,361,250 | ||||
Share cancellation, in shares | (7,361,250,000) | |||||
Net loss | (29,026) | (29,026) | ||||
Ending balance, amount at Dec. 31, 2016 | $ 192,000 | $ (79,850) | $ (192,006) | $ (79,856) | ||
Ending balance, in shares at Dec. 31, 2016 | 192,000,000 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Cash Flows From Operating Activities | ||
Net loss | $ (29,026) | $ (90,883) |
Adjustments to reconcile net income to net cash provided from operating activities: | ||
Shares issued for services | 75,000 | |
Gain on waiver of convertible notes payable | (19,480) | |
Changes in operating assets and liabilities: | ||
Deferred offering costs | (12,500) | |
Accounts payable | 2,007 | 18,330 |
Accounts payable, related party | (11,736) | 5,000 |
Other receivable | (177) | |
Net cash provided (used by) operating activities | (38,755) | (24,710) |
Cash Flows From Financing Activities | ||
Cash repurchase of issued shares | (1,000) | |
Proceeds from private placement | 35,500 | |
Convertible notes payable | 19,480 | |
Repayment to promissory notes | (10,507) | |
Promissory notes payable | 12,211 | 7,736 |
Net cash provided from financing activities | 37,204 | 26,216 |
Increase (decrease) in cash and cash equivalents | (1,551) | 1,506 |
Cash and cash equivalents at beginning of period | 1,870 | 364 |
Cash and cash equivalents at end of period | $ 319 | $ 1,870 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies | 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Activity: During August 2015 the Company filed amended articles with the Florida Secretary of State to: - Set a series of preferred stock, each one share being convertible into one share of common stock and with no voting rights; - Set par value for each of the preferred and common stock at $0.001 per share. On July 25, 2016, the Company filed a Certificate of Amendment with the State of Florida to increase the authorized Common Stock, par value $0.001, to 8,000,000,000 common shares, and to The effective date of the Forward Split is July 28, 2016. All share and per share data contained in these financial statements reflects the retroactive application of the aforementioned forward share split. To date, our activities have been limited to formation, the raising of equity capital, and the initial stages of implementation of our business plan. We filed a Form S-1 Registration Statement with the U.S. Securities and Exchange Commission, received a notice of effect and trade on the OTC Markets, PINK under the symbol VTNL. We are continuing to explore additional sources of capital. We anticipate incurring operating losses as we continue to implement our business plan. Financial Statement Presentation: Fiscal year end: Use of Estimates: Cash Equivalents: Revenue recognition and related allowances: Accounts Receivable and Allowance for Doubtful Accounts: Inventories: Warranty: Advertising and Marketing Costs: Income taxes: Basic and Diluted Loss Per Share New Accounting Pronouncements: The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
Note 2 - Going Concern
Note 2 - Going Concern | 12 Months Ended |
Dec. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Note 2 - Going Concern | 2. GOING CONCERN The Company has experienced net losses to date, and it has not generated sufficient revenue from operations to meet our operational overhead. We will need additional working capital to service debt and for ongoing operations, which raises substantial doubt about our ability to continue as a going concern. Management of the Company is preparing a strategy to meet operational shortfalls which may include equity funding, short term or long term financing or debt financing, to enable the Company to reach profitable operations. Presently the Company’s sole officer and director provides short term loans to meet working capital shortfalls. |
Note 3 - Deferred Offering Cost
Note 3 - Deferred Offering Costs | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Note 3 - Deferred Offering Costs | 3. DEFERRED OFFERING COSTS The Company filed a Form S-1 Registration Statement to offer to the public up to 900,000,000 common shares at $0.000667 per share. The $12,500 in costs relating to such Registration Statement was applied to additional paid in capital as at March 31, 2016. |
Note 4 - Reseller Agreement and
Note 4 - Reseller Agreement and Promissory Note | 12 Months Ended |
Dec. 31, 2016 | |
Other Liabilities Disclosure [Abstract] | |
Note 4 - Reseller Agreement and Promissory Note | 4. RESELLER AGREEMENT AND PROMISSORY NOTE On June 1, 2014 the Company entered into a Reseller Agreement with Concord Veterinary Supplies Inc., (“Concord”), where under Concord has authorized the non-exclusive right to Vet Online Supply, Inc. to market, promote, advertise, sell, distribute and deliver, veterinary products carried by Concord Veterinary Supply, which are listed on www.concord-surgical.com, for a one-time fee of $50,000. The fee payable has been secured by an interest free convertible promissory note (the “Note”) due within ninety (90) days of the Company getting notice of effect from its S-1 Registration Statement as filed with the Securities and Exchange Commission, which occurred December 22, 2015. At any time prior to maturity of the Note, Concord Veterinary Supply may elect to convert the debt amount into shares of the common stock of the Company at a fixed price of $0.000667 per share. There is no beneficial conversion feature resulting from the conversion price compared to market price. |
Note 5 - Common and Preferred S
Note 5 - Common and Preferred Stock | 12 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Note 5 - Common and Preferred Stock | 5. COMMON AND PREFERRED STOCK The Company has authorized 10,000,000 shares of preferred stock with par value of $0.001 and 8,000,000,000 shares of common stock, with par value of $0.001. Each one share of preferred stock is convertible into one share of common stock, and preferred stock carries no voting rights. As of December 31, 2016, and December 31, 2015, no preferred shares were issued and outstanding. Common Shares issued during the year ended December 31, 2016: During the year ended December 31, 2016, the Company has received proceeds totaling $35,500 from various parties subscribing for a total of 53,250,000 shares at $0.000667 per share under our Form S-1 registration statement. 53,250,000 shares of the Company’s common stock were issued in respect of these subscriptions. On July 25, 2016, 1,500,000,000 shares of treasury stock were returned. On December 2, 2016, our sole officer and director, Mr. Edward Aruda, returned 7,361,250,000 shares of the Company’s common stock for no consideration. Mr, Aruda was originally issued 7,500,000,000 shares as a signing bonus in fiscal 2015. Common Shares issued during the year ended December 31, 2015: On May 1, 2015, Mr. Minsky returned 1,500,000,000 shares of the Company issued for services provided during fiscal 2014 in exchange for $1,000. The shares were returned to treasury and the Company recorded $1,000 as treasury stock using the cost method. On May 1, 2015, a signing bonus in the amount of $75,000 payable by way of 7,500,000,000 shares of the Company’s common stock as determined by the Company’s board of directors, was issued to our sole officer and director, Mr. Edward Aruda. As at December 31, 2016, there were 192,000,000 shares issued and outstanding. |
Note 6 - Related Party Transact
Note 6 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2016 | |
Related Party Transactions [Abstract] | |
Note 6 - Related Party Transactions | 6. RELATED PARTY TRANSACTIONS (1) Mr. Harold Minsky, Former President and director On May 1, 2015, the Company received the resignation of the President and sole director, Mr. Harold Minsky. In addition, Mr. Minsky concurrently agreed to return 1,500,000,000 shares of the Company issued for services provided in exchange for $1,000 effective as of the date of his resignation. During the year ended December 31, 2015 a total of $11,000 has been accrued in respect of fees payable to our former President and director, and a total of $12,000 is reflected on the Company’s balance sheet as accounts payable, related party as at December 31, 2015. During the year ended December 31, 2016, the Company paid $12,000 in full to Mr. Harold Minsky. (2) Mr. Edward Aruda, President, CEO and director On May 1, 2015 Mr. Edward Aruda was appointed to serve as President, CEO and Director of the Company to manage the affairs of the Company for a one (1) year period (the “Term”) under a management agreement beginning on the Effective Date, and thereafter the Term may be renewable for six months unless and until such time as either Mr. Edward Aruda or the Company shall give written notice to the other at least 30 days prior to the expiration of the then current Term that no such automatic extension shall occur. In exchange, a signing bonus in the amount of $75,000 payable by way of 7,500,000,000 shares of the Company’s common stock was issued as fully paid and non-assessable to Mr. Aruda effective as of the date of the agreement. On December 31, 2015, the Company issued a Promissory Note in the principal amount of $7,736 to Mr. Aruda, to evidence various funds previously advanced by Mr. Aruda to the Company during the year ended December 31, 2015 in order to settle certain accounts as they came due. The Promissory Note bears interest at 10% per annum and is due and payable on December 1, 2016. On March 31, 2016, June 30, 2016 and December 31, 2016, the Company issued further Promissory Notes in the principal amounts of $2,771, $5,240 and $4,200, respectively, to Mr. Aruda, to evidence various funds advanced by Mr. Aruda to the Company during the year ended December 31, 2016 in order to settle certain accounts as they came due. The Promissory Notes bear interest at 10% per annum and are due and payable March 31, 2017, June 30, 2017 and December 31, 2017, respectively. During fiscal 2016, the Company repaid $10,700 to Mr. Aruda in respect of funds previously advanced, including $10,507 in principal and $193 in accrued interest to settle the December 31, 2015 and March 31 2015 notes in full. As of December 31, 2016, $9,440 is reflected on the Company’s balance sheet as promissory notes payable – related party (December 31, 2015 - $7,736) in respect of amounts which remain payable to Mr. Aruda. On December 2, 2016, our sole officer and director, Mr. Edward Aruda, returned 7,361,250,000 shares of the Company’s common stock for no consideration. |
Note 7 - Income Taxes
Note 7 - Income Taxes | 12 Months Ended |
Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Note 7 - Income Taxes | 7. INCOME TAXES Deferred income taxes are determined using the liability method for the temporary differences between the financial reporting basis and income tax basis of the Company’s assets and liabilities. Deferred income taxes are measured based on the tax rates expected to be in effect when the temporary differences are included in the Company’s tax return. Deferred tax assets and liabilities are recognized based on anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. Operating loss carry-forwards generated during the period from May 25, 2014 (date of inception) through December 31, 2016 of approximately $192,006, will begin to expire in 2034. The Company applies a statutory income tax rate of 34%. Accordingly, deferred tax assets related to net operating loss carry-forwards total approximately $65,282 at December 31, 2016. For the year ended December 31 2016, the valuation allowance increased by approximately $12,600. The Company had deferred income tax assets as of December 31, 2016 and 2015 as follows: December 31, 2016 December 31, 2015 Loss carryforwards $ 65,282 $ 55,400 Less - valuation allowance (65,282 ) (55,400 ) Total net deferred tax assets $ - $ - |
Note 8 - Subsequent Events
Note 8 - Subsequent Events | 12 Months Ended |
Dec. 31, 2016 | |
Subsequent Events [Abstract] | |
Note 8 - Subsequent Events | 8. SUBSEQUENT EVENTS On March 28, 2017, the Company filed an amendment to its articles of incorporation reducing the number of authorized common shares from 8,000,000,000 to 1,000,000,000 par value $0.001, and designating 20,000 shares of its authorized preferred stock, par value $0.001 as Series B Voting Preferred Stock. The Series B Voting Preferred Stock shall have the right to vote the shares on any matter requiring shareholder approval on the basis of 4 times the votes of all the issued and outstanding shares of common stock, as well as any issued and outstanding preferred stock. On April 1, 2017, the Company expanded its board of directors to include Matthew C. Scott, in order to assist with development of our internet marketing efforts with a goal of growing our business. Mr. Scott. has more than 15 years’ experience in business operations, financing and acquisitions, with specific experience working with companies such as Solstice Capital Group, a subsidiary of HSBC Holdings. Mathew has held executive management positions with various lending firms based in Southern California, where he was the Regional Vice President of Acquisitions for Landmark Dividend and oversaw their billboard and ground lease transactions for various large customers through mid-2016. Upon leaving Landmark, he is in an independent consultant for businesses. As a graduate of the University of Southern California where he has earned his Poly Science degree, Mathew will assist and advise Vet Online Supply in expanding revenues, and oversight for planning. Mr. Scott was appointed to our Board of Directors on April 1, 2017. Concurrently we entered into a consulting agreement with Mr. Scott for a term of one year, where under Mr. Scott shall receive an annual fee of $100,000 payable in quarterly installments. Further effective April 1, 2017 the Company agreed to issue Mr. Scott 2,000,000 shares of restricted common stock for his services as a director. The shares upon issue will be held by the Company for a term of six months and are cancelable should Mr. Scott not serve in his capacity as director for a minimum term of six months. On April 7, 2017, the Company issued 20,000 shares of Series B Voting Preferred Stock to Edward Aruda. The Company has engaged Warm Media as part of a new online retail purchase program expected to be launched on May 1, 2017. The Company will replace its existing website with a new website consisting of the same products concurrently. The Company has evaluated subsequent events from the balance sheet date through the date that the financial statements were issued and determined that there are no additional subsequent events to disclose. |
Note 1 - Basis of Presentatio15
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Business Activity | Business Activity: During August 2015 the Company filed amended articles with the Florida Secretary of State to: - Set a series of preferred stock, each one share being convertible into one share of common stock and with no voting rights; - Set par value for each of the preferred and common stock at $0.001 per share. On July 25, 2016, the Company filed a Certificate of Amendment with the State of Florida to increase the authorized Common Stock, par value $0.001, to 8,000,000,000 common shares, and to The effective date of the Forward Split is July 28, 2016. All share and per share data contained in these financial statements reflects the retroactive application of the aforementioned forward share split. To date, our activities have been limited to formation, the raising of equity capital, and the initial stages of implementation of our business plan. We filed a Form S-1 Registration Statement with the U.S. Securities and Exchange Commission, received a notice of effect and trade on the OTC Markets, PINK under the symbol VTNL. We are continuing to explore additional sources of capital. We anticipate incurring operating losses as we continue to implement our business plan. |
Financial Statement Presentation | Financial Statement Presentation: |
Fiscal year end | Fiscal year end: |
Use of estimates | Use of Estimates: |
Cash equivalents | Cash Equivalents: |
Revenue recognition | Revenue recognition and related allowances: |
Accounts receivable and allowance for doubtful accounts | Accounts Receivable and Allowance for Doubtful Accounts: |
Inventories | Inventories: |
Warranty | Warranty: |
Advertising and marketing costs | Advertising and Marketing Costs: |
Income taxes | Income taxes: |
Basic and diluted loss per share | Basic and Diluted Loss Per Share |
New Accounting Pronouncements: | New Accounting Pronouncements: The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
Note 7 - Income Taxes (Tables)
Note 7 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Schedule of deferred income tax assets | December 31, 2016 December 31, 2015 Loss carryforwards $ 65,282 $ 55,400 Less - valuation allowance (65,282 ) (55,400 ) Total net deferred tax assets $ - $ - |
Note 1 - Basis of Presentatio17
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) | 12 Months Ended | |
Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2015USD ($)$ / shares | |
Accounting Policies [Abstract] | ||
Common stock, par value | $ / shares | $ 0.001 | $ 0.001 |
Preferred stock, par value | $ / shares | $ 0.001 | $ 0.001 |
Foward split ratio for each share held | 150 | |
Common stock, authorized | shares | 8,000,000,000 | |
Cash Equivlent term, days | 90 | |
Allowance for doubtful accounts | $ | ||
Advertising and marketing costs | $ | $ 15,000 |
Note 3 - Deferred Offering Co18
Note 3 - Deferred Offering Costs (Details Narrative) | 12 Months Ended |
Dec. 31, 2016USD ($)$ / sharesshares | |
Accounting Policies [Abstract] | |
Commmon shares being offered | shares | 900,000,000 |
Price per share | $ / shares | $ 0.000667 |
Offering costs allocated against additional paid in capital | $ | $ 12,500 |
Note 4 - Reseller Agreement a19
Note 4 - Reseller Agreement and Promissory Note (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Other Liabilities Disclosure [Abstract] | ||
Reseller fee | $ 50,000 | |
Terms of promissory note | The fee payable has been secured by an interest free convertible promissory note due within ninety (90) days of the Company getting notice of effect from its S-1 Registration Statement as filed with the Securities and Exchange Commission, which occurred December 22, 2015. At any time prior to maturity of the Note, Concord Veterinary Supply may elect to convert the debt amount into shares of the common stock of the Company at a fixed price of $0.000667 per share. | |
Conversion rate, price per share | $ 0.000667 |
Note 5 - Common and Preferred20
Note 5 - Common and Preferred Stock (Details Narrative) - USD ($) | Dec. 31, 2016 | Dec. 02, 2016 | Jul. 25, 2016 | Dec. 31, 2015 | May 01, 2015 |
Equity [Abstract] | |||||
Common stock, par value | $ 0.001 | $ 0.001 | |||
Common stock, authorized | 8,000,000,000 | 8,000,000,000 | |||
Common stock, issued | 192,000,000 | 9,000,000,000 | |||
Common stock, outstanding | 7,500,000,000 | ||||
Preferred stock, par value | $ 0.001 | $ 0.001 | |||
Preferred stock, authorized | 10,000,000 | 10,000,000 | |||
Preferred stock, issued | |||||
Preferred stock, outstanding | |||||
Shares returned by Minsky | 1,500,000,000 | ||||
Repurchase of shares from Minsky, value | $ 1,000 | ||||
Treasury stock, value | $ (1,000) | ||||
Treasury stock returned | 1,500,000,000 | ||||
Shares issued to Aruda as signing bonus | 7,500,000,000 | ||||
Value, shares issued Aruda as signing bonus | $ 75,000 | ||||
Proceeds from shares subscribed | $ 35,500 | ||||
Shares subscribed | 53,250,000 | ||||
Price per share | $ 0.000667 | ||||
Shares returned by Mr. Aruda | 7,361,250,000 |
Note 6 - Related Party Transa21
Note 6 - Related Party Transactions (Details Narrative) - USD ($) | 12 Months Ended | |||||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 02, 2016 | Sep. 30, 2016 | Mar. 31, 2016 | May 01, 2015 | |
Harold Minsky | ||||||
Shares returned by Minsky | 1,500,000,000 | |||||
Repurchase of shares from Minsky, value | $ 1,000 | |||||
Accruals for services | $ 11,000 | |||||
Accounts payable, related parties | $ 264 | 12,000 | ||||
Amounts paid, related party, in period | 12,000 | |||||
Edward Aruda | ||||||
Value, shares issued Aruda as signing bonus | $ 75,000 | |||||
Shares issued to Aruda as signing bonus | 7,500,000,000 | |||||
Promissory note issued, face value | $ 4,200 | $ 7,736 | $ 5,240 | $ 2,271 | ||
Interest rate | 10.00% | 10.00% | 10.00% | 10.00% | ||
Interest expense, notes | $ 193 | |||||
Principal balance of notes repaid | 10,507 | |||||
Amounts repaid, related party | 10,700 | |||||
Promissory notes payable, related party | $ 9,440 | $ 7,736 | ||||
Shares returned by Mr. Aruda | 7,361,250,000 |
Note 7 - Income Taxes (Details
Note 7 - Income Taxes (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | ||
Cummulative loss carry-forward | $ 192,006 | |
Year operating losses expire | Jan. 1, 2034 | |
Income tax rate | 34.00% | |
Net operating loss carry-forwards | $ 65,282 | $ 55,400 |
Increase to valuation allowance | $ 12,600 |
Note 7 - Income Taxes - Note 7
Note 7 - Income Taxes - Note 7 - Schedule of deferred income tax assets (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Income Tax Disclosure [Abstract] | ||
Loss carryforwards | $ 65,282 | $ 55,400 |
Less - valuation allowance | 65,282 | 55,400 |
Total net deferred tax assets |
Note 8 - Subsequent Events (Det
Note 8 - Subsequent Events (Details Narrative) - USD ($) | 4 Months Ended | |||
Apr. 17, 2017 | Apr. 07, 2017 | Apr. 01, 2017 | Mar. 28, 2017 | |
Subsequent Events [Abstract] | ||||
Authorized common stock before reduction | 8,000,000,000 | |||
Authorized common stock after reduction | 1,000,000,000 | |||
Par Value, Common stock | $ 0.001 | |||
Number of shares of Series B Preferred Stock designated | 20,000 | |||
Par value, Series B Preferred Voting Stock | $ 0.001 | |||
Terms, Services B Preferred Voting Stock | The Series B Voting Preferred Stock shall have the right to vote the shares on any matter requiring shareholder approval on the basis of 4 times the votes of all the issued and outstanding shares of common stock, as well as any issued and outstanding preferred stock. | |||
Transactions with Matthew Scott | ||||
Annual Compensation, Matthew Scott | $ 100,000 | |||
Number of shares issued for services as a director | 2,000,000 | |||
Preferred shares issued to Mr. Aruda | 20,000 |