Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Dec. 31, 2019 | Feb. 14, 2020 | |
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 | Dec. 31, 2019 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q1 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Shell Company | false | |
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 (December 31, 20
Balance Sheets (December 31, 2019 - Unaudited) - USD ($) | Dec. 31, 2019 | Sep. 30, 2019 |
Current assets: | ||
Cash and cash equivalents | $ 8,000 | $ 8,000 |
Total assets | 8,000 | 8,000 |
Current liabilities: | ||
Accrued Expenses | 3,750 | 3,837 |
Total Current Liabilities | 3,750 | 3,837 |
Stockholders' Equity: | ||
Preferred stock ($.0001 par value, 20,000,000 shares authorized; 100,000 issued and outstanding as of December 31, 2019 and September 30, 2019) | 10 | 10 |
Common stock ($.0001 par value, 500,000,000 shares authorized, 20,000,000 shares issued and outstanding as of December 31, 2019 and September 30, 2019) | 2,000 | 2,000 |
Additional paid-in capital | 167,765 | 159,198 |
Stock subscription receivable | (25,000) | (25,000) |
Accumulated deficit | (140,525) | (132,045) |
Total stockholders' equity | 4,250 | 4,163 |
Total liabilities and stockholders' equity | $ 8,000 | $ 8,000 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2019 | Sep. 30, 2019 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.0001 | $ .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 | $ 0.0001 | $ .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 | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Operating expenses: | ||
General and administrative expenses | $ 8,480 | $ 8,130 |
Total operating expenses | 8,480 | 8,130 |
Net loss | $ (8,480) | $ (8,130) |
Net loss per common share - Basic and Diluted | $ 0 | $ 0 |
Weighted average number of common shares outstanding - Basic and Diluted | 20,000,000 | 20,000,000 |
Statement of Changes in Stockho
Statement of Changes in Stockholders Equity (Unaudited) - USD ($) | Preferred Stock | Common Stock | Subscription Receivable | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning Balance (Monetary Value) at Sep. 30, 2018 | $ 10 | $ 2,000 | $ (25,000) | $ 130,700 | $ (105,538) | $ 2,172 |
Beginning Balance (Shares) at Sep. 30, 2018 | 100,000 | 20,000,000 | ||||
Contribution by shareholder | 13,958 | 13,958 | ||||
Net Loss | (8,130) | (8,130) | ||||
Ending Balance (Monetary Value) 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 | ||||
Beginning Balance (Monetary Value) at Sep. 30, 2019 | $ 10 | $ 2,000 | (25,000) | 159,198 | (132,045) | 4,163 |
Beginning Balance (Shares) at Sep. 30, 2019 | 100,000 | 20,000,000 | ||||
Contribution by shareholder | 8,567 | 8,567 | ||||
Net Loss | (8,480) | (8,480) | ||||
Ending Balance (Monetary Value) at Dec. 31, 2019 | $ 10 | $ 2,000 | $ (25,000) | $ 167,765 | $ (140,525) | $ 4,250 |
Ending Balance (Shares) at Dec. 31, 2019 | 100,000 | 20,000,000 |
Statement of Cash Flows (Unaudi
Statement of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Loss | $ (8,480) | $ (8,130) |
Changes in operating assets and liabilities | ||
Accrued Expenses | 8,480 | 8,130 |
Net cash provided by operating activities | ||
Net Change in Cash and Cash equivalents | ||
Cash and cash equivalents at beginning of period: | 8,000 | 8,000 |
Cash and cash equivalents at end of period: | 8,000 | 8,000 |
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 | $ 8,567 | $ 13,958 |
Note 1 - Organization and Descr
Note 1 - Organization and Description of Business | 3 Months Ended |
Dec. 31, 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 10K. 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 for the most recent fiscal period, as reported in the Form 10-K for the most recent fiscal year, as filed with the Securities and Exchange Commission on December 31, 2019, have been omitted. |
Note 2 - Changes in Significant
Note 2 - Changes in Significant Accounting Policies | 3 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Changes in Significant Accounting Policies | NOTE 2 - changes in significant accounting policies In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. Under ASU 2016-02, lessees will be required to recognize all leases (with the exception of short-term leases) at the commencement date including a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use (ROU) asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Leases with a term of twelve months or less will be accounted for similar to existing guidance for operating leases. In December 2017, January 2018, July 2018, December 2018 and March 2019, the FASB issued ASU 2017-13, ASU 2018-01, ASU 2018-10 & 11, ASU 2018-20 and ASU 2019-01, respectively, which contain modifications and improvements to ASU 2016-02. The amendments provide entities with an additional (and optional) transition method to adopt the new leases standard. Under the Optional Transition Method, an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. On October 1, 2019, the Company adopted ASC Topic 842 using the modified retrospective approach and elected to utilize the Optional Transition Method. The adoption did not impact the Company’s previously reported financial statements nor did it result in a cumulative effect adjustment to retained earnings as of October 1, 2019. |
Note 3 - Going Concern
Note 3 - Going Concern | 3 Months Ended |
Dec. 31, 2019 | |
Going Concern [Abstract] | |
Going Concern | NOTE 3 - 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. The Company did not generate any revenue during the three months ended December 31, 2019. 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 if the Company cannot continue as a going concern. |
Note 4 - Related Party Transact
Note 4 - Related Party Transactions | 3 Months Ended |
Dec. 31, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 4 - RELATED-PARTY TRANSACTIONS Contributions During the three months ended December 31, 2019 and 2018, operating expenses and accrued expenses in the amount of $8,567 and $13,958, respectively, were paid by CEO, Engchoon Peh, on behalf of the Company. These expenses, consisting mostly of professional and consulting fees, are considered contributions to capital and recorded as additional paid in capital due to the fact that the CEO does not require repayment from the Company. Office furnished by related party The Company’s executive office is located at 194 Pandan Loop #05-08, Singapore. This office is furnished to the Company by its CEO at no charge. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Dec. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10-K for the most recent fiscal year, as filed with the Securities and Exchange Commission on December 31, 2019, have been omitted. |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | 3 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Loan From Related Party Details Abstract | ||
Operating expenses paid by related party Engchoon Peh | $ 8,567 | $ 13,958 |