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FWAV Fourth Wave Energy

Document and Entity Information

Document and Entity Information - USD ($)12 Months Ended
Dec. 31, 2017Mar. 02, 2018
Document And Entity Information
Entity Registrant NameWADENA CORP.
Entity Central Index Key1652958
Document Type10-K
Document Period End DateDec. 31,
2017
Amendment Flagfalse
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?No
Entity Filer CategorySmaller Reporting Company
Entity Public Float $ 30,000
Entity Common Stock, Shares Outstanding141,525,000
Document Fiscal Period FocusFY
Document Fiscal Year Focus2017

BALANCE SHEETS

BALANCE SHEETS - USD ($)Dec. 31, 2017Dec. 31, 2016
Current assets:
Cash $ 1,671
Total currents assets 1,671
Property and equipment, Net1,184 2,728
Total assets1,184 4,399
Current liabilities:
Accounts payable4,879 1,443
Accounts payable - related party144,500 120,500
Notes payable224,000 212,000
Notes payable - related party38,488 17,100
Total current liabilities411,867 351,043
Total liabilities411,867 351,043
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 500,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 200,000,000 shares authorized, 141,525,000 shares issued and outstanding at December 31, 2017 and 2016, respectively141,525 141,525
Additional paid in capital(110,125)(110,125)
Accumulated deficit(442,083)(378,044)
Total stockholders' deficit(410,683)(346,644)
Total liabilities and stockholders' deficit $ 1,184 $ 4,399

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / sharesDec. 31, 2017Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred Stock, par value $ 0.001 $ 0.001
Preferred Stock, Shares Authorized500,000,000 500,000,000
Preferred Stock, Shares Issued0 0
Preferred Stock, Shares Outstanding0 0
Common Stock, par value $ 0.001 $ 0.001
Common Stock, Shares Authorized200,000,000 200,000,000
Common Stock, Shares Issued141,525,000 141,525,000
Common Stock, Shares Outstanding141,525,000 141,525,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)12 Months Ended
Dec. 31, 2017Dec. 31, 2016
Operating expenses:
Depreciation $ 1,544 $ 1,544
General and administration62,495 94,034
Total operating expenses64,039 95,578
Net loss $ (64,039) $ (95,578)
Net loss per share:
Basic and diluted $ 0 $ 0
Weighted average shares outstanding:
Basic and diluted141,525,000 141,525,000

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)12 Months Ended
Dec. 31, 2017Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss $ (64,039) $ (95,578)
Adjustment to reconcile net loss to cash used in operating activities:
Depreciation expense1,544 1,544
Net change in:
Accounts payable3,436 (4,670)
Accounts payable - related party24,000 28,000
CASH FLOWS USED IN OPERATING ACTIVITIES(35,059)(70,704)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable, related party22,200 10,800
Proceeds from notes payable, unrelated parties12,000 55,000
Repayments on notes payable, related party(812)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES33,388 65,800
NET CHANGE IN CASH(1,671)(4,904)
Cash, beginning of period1,671 6,575
Cash, end of period 1,671
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid on interest expenses
Cash paid for income taxes

STATEMENTS OF STOCKHOLDERS' DEF

STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)Common StockAdditional Paid-In CapitalAccumulated DeficitTotal
Beginning Balance at Dec. 31, 2015 $ 141,525 $ (110,125) $ (282,466) $ (251,066)
Beginning Balance, in Shares at Dec. 31, 2015141,525,000
Net Loss(95,578)(95,578)
Ending Balance at Dec. 31, 2016 $ 141,525 (110,125)(378,044)(346,644)
Ending Balance, in Shares at Dec. 31, 2016141,525,000
Net Loss(64,039)(64,039)
Ending Balance at Dec. 31, 2017 $ 141,525 $ (110,125) $ (442,083) $ (410,683)
Ending Balance, in Shares at Dec. 31, 2017141,525,000

Basis of Presentation

Basis of Presentation12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]
Basis of PresentationNote 1 Basis of Presentation General The Company does not have a current operating business. On August 3, 2015, the Company
entered into an agreement with New Benefits, Inc. to become a reseller. As a reseller the Company intended to offer membership
to healthcare benefits packages for New Benefits, Inc. under its own private label. The Company is no longer in this business.
As of the date of this filing, the Company has not been successful in finding a viable business plan. The Company’s activities are subject to significant risks and uncertainties including
failure to secure additional funding to properly execute the Company’s business plan.

Summary of Significant Accounti

Summary of Significant Accounting Policies12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting PoliciesNote 2 Summary of Significant Accounting Policies The financial statements have, in management's opinion, been properly prepared within
the framework of the significant accounting policies summarized below: Going Concern These financial statements have been prepared in accordance with generally accepted accounting
principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its
operations for its next fiscal year. Realization values may be substantially different from carrying values as shown
and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification
of assets and liabilities should the Company be unable to continue as a going concern. At December 31, 2017, the Company
had not yet achieved profitable operations, has accumulated losses of $442,083 since its inception, has working capital deficit
of $411,687, and expects to incur further losses in the development of its business, all of which raise substantial doubt about
the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its
ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its
liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this
concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances;
however there is no assurance of additional funding being available. Income Taxes The Company uses the assets and liability method of accounting for income taxes. Under
the assets and liability method deferred tax assets and liabilities are recognized for the future tax consequences attributable
to temporary differences between the financial statements carrying amounts of existing assets and liabilities and their respective
tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income
in the years in which those temporary differences are expected to be recovered or settled. Basic and Diluted Loss Per Share Basic loss per share is computed using the weighted average number of shares outstanding
during the period. Diluted loss per share has not been provided as it would be anti-dilutive. Foreign Currency Translation The Company's functional currency is United States ("U.S.") dollars as substantially
all of the Company's operations use this denomination. The Company uses the U.S. dollar as its reporting currency. Transactions undertaken in currencies other than the functional currency of the entity
are translated using the exchange rate in effect as of the transaction date. Any exchange gains and losses would be
included in Other Income (Expenses) on the Statement of Operations. Use of Estimates In preparing financial statements in conformity with accounting principles generally
accepted in the United States of America, management is required to make estimates and assumptions that affect the amounts reported
in the financial statements and accompanying notes. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with an original purchase maturity
of three months or less to be cash equivalents. Property and Equipment Property and equipment is carried at cost less accumulated depreciation. Depreciation
is provided principally on the straight-line method over the useful lives as follows: Furniture and fixtures 7 years Equipment 5 years Fair Value of Financial Instruments The carrying value of cash, accounts payable and accrued liabilities and related party
loan approximate their fair value because of the short maturity of these instruments. Unless otherwise noted, it is
management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial
instruments. Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective accounting
standards will have a material effect on the accompanying financial statements.

Related Party Transactions

Related Party Transactions12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party TransactionsNote 3 Related Party Transactions The related party advances are due to the former director and President of the Company
for funds advanced. The advances are unsecured, non-interest bearing and have no specific terms for repayment. As of
December 31, 2016, the advances totaled $17,100. During the year ended December 31, 2017, the Company received advances in the aggregate
amount of $22,200 from the President of the Company. The advances are unsecured, non-interest bearing and have no specific terms
for repayment. As of December 31, 2017, the advances totaled $38,488. Effective March 1, 2012, the Company agreed to pay the President of the Company $4,000
per month for management services if funds are available or to accrue such amount if funds are not available. Effective July
1, 2016, the Company agreed to pay the President of the Company $2,000 per month for management services if funds are available
or to accrue such amount if funds are not available. Accounts payable – related party are the fees earned but not yet
paid of $144,500 and $120,500 at December 31, 2017 and December 31, 2016, respectively.
Year ended December 31, 2017
Year ended December 31, 2016
Management fees $ 24,000 $ 36,000

Property and Equipment, net

Property and Equipment, net12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment, netNote 4 Property and Equipment, net Cost and accumulated depreciation of property and equipment as of December 31, 2017 and
December 31, 2016 are as follows:
December 31, 2017 December 31, 2016
$ $
Computers 3,443 3,443
Furniture and fixtures 6,000 6,000
Total 9,443 9,443
Less: Accumulated depreciation (8,259) (6,715)
Property and equipment, net 1,184 2,728 Depreciation expense charged to operations was $1,544 and $1,544 for the years ended
December 31, 2017 and 2016, respectively.

Notes Payable

Notes Payable12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]
Notes PayableNote 5 Notes Payable During the year ended December 31, 2017, the Company received loans in an aggregate of
$12,000 from a shareholder. These loans, in addition to the loans previously entered into by the Company, are unsecured, non-interest
bearing and have no specific terms for repayment. As of December 31, 2017, the loans totaled $224,000.

Income Taxes

Income Taxes12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income TaxesNote 6 Income Taxes A reconciliation of income tax provision to the provision that would be recognized under
the statutory rates is as follows:
December 31, 2017 December 31, 2016
$ $
Deferred tax asset attributable to:
Net operating loss 21,000 32,000
Valuation allowance (21,000) (32,000)
Net - - The cumulative tax effect at the expected rate of 21% of significant items comprising
our net deferred tax amount is as follows:
December 31, 2017 December 31 2016
$ $
Refund attributable to operating loss 150,000 128,000
Impact of change in tax rate (57,500)
Valuation allowance (92,500) (128,000)
Net provision - - The cumulative tax effect at the expected rate of 21% of significant items comprising
our net deferred tax amount is as follows: The amount taken into income as deferred tax assets must reflect that portion of the
income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has chosen
to provide an allowance of 100% against all available income tax loss carry forwards, regardless of their time of expiry. As of December 31, 2017, the Company saw a decrease of approximately $57,500 in deferred
tax assets from income tax loss carry forwards. The significant decline in the carry forwards was due the passage of the Tax Cuts
and Jobs Act on December 20, 2017 that reduced effective tax rates for future periods to 21% from 34%. The decline in value of
the income tax loss carry forwards has no impact on our statement of operations. No provision for income taxes has been provided in these financial statements due to
the net loss. At December 31, 2017, the Company has net operating loss carry forwards, which expire commencing in 2031,
totaling approximately $442,000, the benefit of which has not been recorded in the financial statements.

Subsequent Events

Subsequent Events12 Months Ended
Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent EventsNote 7 Subsequent Events In the month of January 2018, the Company received advances in the aggregate amount of
$4,879 from the President of the Company to cover December 31, 2017 expenses. The advances are unsecured, non-interest bearing
and have no specific terms for repayment. As the Bitcoin related merger prospect did not move forward Mr. J.
Jacob Isaacs was reappointed president of the company on January 11, 2018.

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]
Going ConcernGoing Concern These financial statements have been prepared in accordance with generally accepted accounting
principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its
operations for its next fiscal year. Realization values may be substantially different from carrying values as shown
and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification
of assets and liabilities should the Company be unable to continue as a going concern. At December 31, 2017, the Company
had not yet achieved profitable operations, has accumulated losses of $442,083 since its inception, has working capital deficit
of $411,687, and expects to incur further losses in the development of its business, all of which raise substantial doubt about
the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its
ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its
liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this
concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances;
however there is no assurance of additional funding being available.
Income TaxesIncome Taxes The Company uses the assets and liability method of accounting for income taxes. Under
the assets and liability method deferred tax assets and liabilities are recognized for the future tax consequences attributable
to temporary differences between the financial statements carrying amounts of existing assets and liabilities and their respective
tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income
in the years in which those temporary differences are expected to be recovered or settled.
Basic and Diluted Loss Per ShareBasic and Diluted Loss Per Share Basic loss per share is computed using the weighted average number of shares outstanding
during the period. Diluted loss per share has not been provided as it would be anti-dilutive.
Foreign Currency TranslationForeign Currency Translation The Company's functional currency is United States ("U.S.") dollars as substantially
all of the Company's operations use this denomination. The Company uses the U.S. dollar as its reporting currency. Transactions undertaken in currencies other than the functional currency of the entity
are translated using the exchange rate in effect as of the transaction date. Any exchange gains and losses would be
included in Other Income (Expenses) on the Statement of Operations.
Use of EstimatesUse of Estimates In preparing financial statements in conformity with accounting principles generally
accepted in the United States of America, management is required to make estimates and assumptions that affect the amounts reported
in the financial statements and accompanying notes. Actual results could differ from those estimates.
Cash and Cash EquivalentsCash and Cash Equivalents The Company considers all highly liquid investments with an original purchase maturity
of three months or less to be cash equivalents.
Property and EquipmentProperty and Equipment Property and equipment is carried at cost less accumulated depreciation. Depreciation
is provided principally on the straight-line method over the useful lives as follows: Furniture and fixtures 7 years Equipment 5 years
Fair Value of Financial InstrumentsFair Value of Financial Instruments The carrying value of cash, accounts payable and accrued liabilities and related party
loan approximate their fair value because of the short maturity of these instruments. Unless otherwise noted, it is
management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial
instruments.
Recent Accounting PronouncementsRecent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective accounting
standards will have a material effect on the accompanying financial statements.

Related Party Transactions (Tab

Related Party Transactions (Tables)12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]
Schedule of Related Party TransactionsYear ended December 31, 2017
Year ended December 31, 2016
Management fees $ 24,000 $ 36,000

Property and Equipment, net (Ta

Property and Equipment, net (Tables)12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of Property and EquipmentCost and accumulated depreciation of property and equipment as of December 31, 2017 and
December 31, 2016 are as follows:
December 31, 2017 December 31, 2016
$ $
Computers 3,443 3,443
Furniture and fixtures 6,000 6,000
Total 9,443 9,443
Less: Accumulated depreciation (8,259) (6,715)
Property and equipment, net 1,184 2,728

Income Taxes (Tables)

Income Taxes (Tables)12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Reconciliation of Income Tax Provision at Statutory ratesA reconciliation of income tax provision to the provision that would be recognized under
the statutory rates is as follows:
December 31, 2017 December 31, 2016
$ $
Deferred tax asset attributable to:
Net operating loss 21,000 32,000
Valuation allowance (21,000) (32,000)
Net - -
Schedule of Cumulative Tax Effect Deferred Tax AmountThe cumulative tax effect at the expected rate of 21% of significant items comprising
our net deferred tax amount is as follows:
December 31, 2017 December 31 2016
$ $
Refund attributable to operating loss 150,000 128,000
Impact of change in tax rate (57,500)
Valuation allowance (92,500) (128,000)
Net provision - -

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Details Narrative) - USD ($)12 Months Ended
Dec. 31, 2017Dec. 31, 2016
Accumulated losses $ 442,083 $ 378,044
Working Capital Deficit $ 411,687
Furniture and Fixtures [Member]
Useful Life of Assets7 years
Furniture and Fixtures [Member]
Useful Life of Assets5 years

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)12 Months Ended
Dec. 31, 2017Dec. 31, 2016
Related Party Transactions [Abstract]
Management fees $ 24,000 $ 36,000

Related Party Transactions (D20

Related Party Transactions (Details Narrative) - USD ($)1 Months Ended
Jul. 31, 2016Mar. 31, 2012Dec. 31, 2017Dec. 31, 2016
Accounts payable - related party are the fees earned but not yet paid $ 144,500 $ 120,500
President [Member]
Management Services to President per month $ 2,000 $ 4,000

Property and Equipment, net (De

Property and Equipment, net (Details) - USD ($)Dec. 31, 2017Dec. 31, 2016
Property and equipment $ 9,443 $ 9,443
Less: Accumulated depreciation(8,259)(6,715)
Property and equipment, net1,184 2,728
Computer Equipment [Member]
Property and equipment3,443 3,443
Furniture and Fixtures [Member]
Property and equipment $ 6,000 $ 6,000

Property and Equipment, net (22

Property and Equipment, net (Details Narrative) - USD ($)12 Months Ended
Dec. 31, 2017Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Depreciation $ 1,544 $ 1,544

Income Taxes (Details)

Income Taxes (Details) - USD ($)Dec. 31, 2017Dec. 31, 2016
Deferred tax asset attributable to:
Net operating loss $ 21,000 $ 32,000
Valuation allowance(21,000)(32,000)
Net

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)12 Months Ended
Dec. 31, 2017Dec. 31, 2016
Income Tax Disclosure [Abstract]
Refund attributable to operating loss $ 150,000 $ 128,000
Impact of change in tax rate(57,500)
Valuation allowance(92,500)(128,000)
Net provision

Income Taxes (Details Narrative

Income Taxes (Details Narrative)12 Months Ended
Dec. 31, 2017USD ($)
Income Tax Disclosure [Abstract]
Reconciliation of income tax provision under the statutory rates21.00%
Net Operating Loss Carryforwards $ 442,000
Operating Loss Carryforwards, Expiration DateDec. 31,
2031