Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Jun. 30, 2019 | Aug. 14, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | Road Marshall, Inc. | |
Entity Central Index Key | 0001657249 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --09-30 | |
Is Entity's Reporting Status Current? | Yes | |
Entity Emerging Growth Company | true | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Common Stock, Shares Outstanding | 20,000,000 | |
Smaller Reporting Company | true | |
Transition Period | false | |
Interactive Data Current? | Yes | |
State of Domestication | DE | |
File Number | 333-208472 |
Balance Sheets (June 30, 2019 -
Balance Sheets (June 30, 2019 - Unaudited) - USD ($) | Jun. 30, 2019 | Sep. 30, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 8,000 | $ 8,000 |
Total assets | 8,000 | 8,000 |
Current liabilities: | ||
Accrued Expenses | 2,500 | 5,828 |
Total current liabilities | 2,500 | 5,828 |
Stockholders' deficit: | ||
Preferred stock ($.0001 par value, 20,000,000 shares authorized; 100,000 issued and outstanding as of June 30, 2019 and September 30, 2018) | 10 | 10 |
Common stock ($.0001 par value, 500,000,000 shares authorized, 20,000,000 shares issued and outstanding as of June 30, 2019 and September 30, 2018) | 2,000 | 2,000 |
Additional paid-in capital | 154,768 | 130,700 |
Stock subscription receivable | (25,000) | (25,000) |
Accumulated deficit | (126,278) | (105,538) |
Total stockholders' equity | 5,500 | 2,172 |
Total liabilities and stockholders' equity | $ 8,000 | $ 8,000 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2019 | Sep. 30, 2018 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ .0001 | $ .0001 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 100,000 | 100,000 |
Preferred stock, shares outstanding | 100,000 | 100,000 |
Common stock, par value | $ .0001 | $ .0001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 20,000,000 | 20,000,000 |
Common stock, shares outstanding | 20,000,000 | 20,000,000 |
Statement of Operations (Unaudi
Statement of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2019 | Mar. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Operating expenses: | ||||
General and administrative expenses | $ 4,430 | $ 12,405 | $ 20,740 | $ 26,389 |
Total operating expenses | 4,430 | 12,405 | 20,740 | 26,389 |
Net loss | $ (4,430) | $ (12,405) | $ (20,740) | $ (26,389) |
Net loss per common share - Basic and Diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of common shares outstanding | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 |
Statement - Changes in Sharehol
Statement - Changes in Shareholders Equity (Unaudited) - USD ($) | Preferred Stock | Common Stock | Subscription Receivable | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning Balance at Sep. 29, 2017 | $ 10 | $ 2,000 | $ (25,000) | $ 99,906 | $ (71,876) | $ 5,040 |
Beginning Balance (Shares) at Sep. 29, 2017 | 100,000 | 20,000,000 | ||||
Contribution by shareholder | 10,545 | 10,545 | ||||
Net loss | (8,045) | (8,045) | ||||
Ending Balance at Dec. 31, 2017 | $ 10 | $ 2,000 | (25,000) | 110,451 | (79,921) | 7,540 |
Ending Balance (Shares) at Dec. 31, 2017 | 100,000 | 20,000,000 | ||||
Contribution by shareholder | 5,939 | 5,939 | ||||
Net loss | (5,939) | (5,939) | ||||
Ending Balance at Mar. 31, 2018 | $ 10 | $ 2,000 | (25,000) | 116,390 | (85,860) | 7,540 |
Ending Balance (Shares) at Mar. 31, 2018 | 100,000 | 20,000,000 | ||||
Contribution by shareholder | 12,405 | 12,405 | ||||
Net loss | (12,405) | (12,405) | ||||
Ending Balance at Jun. 30, 2018 | $ 10 | $ 2,000 | (25,000) | 128,795 | (98,265) | 7,540 |
Ending Balance (Shares) at Jun. 30, 2018 | 100,000 | 20,000,000 | ||||
Beginning Balance at Sep. 29, 2018 | $ 10 | $ 2,000 | (25,000) | 130,700 | (105,538) | 2,172 |
Beginning Balance (Shares) at Sep. 29, 2018 | 100,000 | 20,000,000 | ||||
Contribution by shareholder | 13,958 | 13,958 | ||||
Net loss | (8,130) | (8,130) | ||||
Ending Balance at Dec. 31, 2018 | $ 10 | $ 2,000 | (25,000) | 144,658 | (113,668) | 8,000 |
Ending Balance (Shares) at Dec. 31, 2018 | 100,000 | 20,000,000 | ||||
Contribution by shareholder | 5,680 | 5,680 | ||||
Net loss | (8,180) | (8,180) | ||||
Ending Balance at Mar. 31, 2019 | $ 10 | $ 2,000 | (25,000) | 150,338 | (121,848) | 5,500 |
Ending Balance (Shares) at Mar. 31, 2019 | 100,000 | 20,000,000 | ||||
Contribution by shareholder | 4,430 | 4,430 | ||||
Net loss | (4,430) | (4,430) | ||||
Ending Balance at Jun. 30, 2019 | $ 10 | $ 2,000 | $ (25,000) | $ 154,768 | $ (126,278) | $ 5,500 |
Ending Balance (Shares) at Jun. 30, 2019 | 100,000 | 20,000,000 |
Statement of Cash Flows (Unaudi
Statement of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |||
Net Loss | $ (4,430) | $ (20,740) | $ (26,389) |
Adjustments to reconcile net loss to net cash provided by operating activities: | |||
Accrued Expenses | 20,740 | 26,389 | |
Net cash provided by operating activities | |||
Net Change in Cash and Cash equivalents | |||
Cash and cash equivalents at beginning of period: | 8,000 | 33,000 | |
Cash and cash equivalents at end of period: | $ 8,000 | 8,000 | 33,000 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
Interest paid | |||
Income taxes paid | |||
NON-CASH INVESTING AND FINANCIAL ACTIVITIES: | |||
Operation expenses and accrued expense paid by shareholder | $ 24,068 | $ 28,889 |
Note 1 - Organization and Descr
Note 1 - Organization and Description of Business | 9 Months Ended |
Jun. 30, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Description of Business | NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Road Marshall, Inc. (the “Company”) was incorporated under the laws of the State of Delaware on September 17, 2015. Road Marshall, Inc. is a technology company engaged in the development of a mobile application for iOS and Android devices. The Company has elected September 30th as its year end. Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements as reported in the Form 10-K for the most recent fiscal year, as filed with the Securities and Exchange Commission on December 28, 2018, have been omitted. Certain amounts from the prior year have been reclassified to conform to the current year presentation. This reclassification has no impact on the Company’s net earnings. |
Note 2 - Going Concern
Note 2 - Going Concern | 9 Months Ended |
Jun. 30, 2019 | |
Going Concern [Abstract] | |
Going Concern | NOTE 2 - GOING CONCERN The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically recurring operating losses, accumulated deficit and other adverse key financial ratios. During the nine months ended June 30, 2019 the Company did not generate any revenue to cover its operating expenses. Management plans to fund operating expenses with related party contributions. There is no assurance that management's plan will be successful. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern. |
Note 3 - Related Party Transact
Note 3 - Related Party Transactions | 9 Months Ended |
Jun. 30, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 3 - RELATED PARTY TRANSACTIONS Contributions During the nine months ended June 30, 2019 and 2018, $18,240 and $26,389 in operating expenses, respectively, were paid by our Chief Executive Officer (CEO), Engchoon Peh, on behalf of the Company. These expenses, consisting mostly of professional and consulting fees, are considered contributions to capital and recorded as additional paid in capital due to the fact that our CEO does not require the repayment from the Company. During the nine months ended June 30, 2019 and 2018, our CEO paid accrued expenses of $5,828 and $2,500, respectively, on behalf of the Company, which are considered contributions to capital and recorded as additional paid in capital due to the fact that our CEO does not require the repayment from the Company. Office furnished by related party The Company’s executive office is located at 194 Pandan Loop #05-08, Singapore. This office is furnished to the Company by its CEO at no charge. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Jun. 30, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements as reported in the Form 10-K for the most recent fiscal year, as filed with the Securities and Exchange Commission on December 28, 2018, have been omitted. Certain amounts from the prior year have been reclassified to conform to the current year presentation. This reclassification has no impact on the Company’s net earnings. |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | 9 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Loan From Related Party Details Abstract | ||
Operating expenses paid by related party | $ 18,240 | $ 26,389 |
Accrued expenses paid by related party | $ 5,828 | $ 2,500 |