Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Oct. 09, 2018 | |
Document And Entity Information | ||
Entity Registrant Name | Quantum Business Strategies, Inc. | |
Entity Central Index Key | 1,697,730 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2017 | |
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 Common Stock, Shares Outstanding | 28,009,000 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2,017 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Current assets: | ||
Cash | $ 21 | $ 44,662 |
Prepaid Deposits | 19,800 | |
Accounts receivable | 15,000 | |
Other receivable | 1,100 | |
Total current assets | 35,921 | 44,662 |
Total Assets | 35,921 | 44,662 |
Current liabilities: | ||
Accounts payable and accrued expenses | 1,340 | |
Total current liabilities | 1,340 | |
Commitments and contingencies | ||
Stockholders' equity: | ||
Common stock, $.001 par value, 500,000,000 shares authorized, 28,009,000 issued and outstanding as of September 30, 2017 and December 31, 2016 respectively | 28,009 | 28,009 |
Additional paid-in capital | 22,581 | 22,581 |
Accumulated deficit | (16,009) | (5,928) |
Stockholders' equity | 34,581 | 44,662 |
Total liabilities and stockholders' equity | $ 35,921 | $ 44,662 |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Sep. 30, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Common Stock par Value | $ .001 | $ .001 |
Common Stock, Shares Authorized | 500,000,000 | 500,000,000 |
Common Stock, Shares Issued | 28,009,000 | 28,009,000 |
Common Stock, Shares Outstanding | 28,009,000 | 28,009,000 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended |
Sep. 30, 2017 | Sep. 30, 2017 | |
Income Statement [Abstract] | ||
Sales | $ 6,000 | $ 15,000 |
Operating Expenses: | ||
General and administrative | 3,053 | 19,081 |
Cost of sales | 2,400 | 6,000 |
Total operating expenses | 5,453 | 25,081 |
Loss from operations | 547 | (10,081) |
Other (expenses)/income | ||
Net loss before provision for income taxes | 547 | (10,081) |
Provision for income taxes | ||
Net loss | $ 547 | $ (10,081) |
Net loss per common share - basic and diluted | $ 0 | $ 0 |
Weighted average number of common shares outstanding - basic and diluted | 28,009,000 | 28,009,000 |
Condensed Statement of Cash Flo
Condensed Statement of Cash Flows (Unaudited) | 9 Months Ended |
Sep. 30, 2017USD ($) | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |
Net loss | $ (10,081) |
Adjustments to reconcile net loss to net cash utilized in operating activities | |
Change in accounts receivable | (15,000) |
Change in accounts payable and accrued expenses | 1,340 |
Change in prepaid deposits | (19,800) |
Change in other receivable | (1,100) |
Net cash used in operating activities | (44,641) |
CASH FLOWS FROM INVESTING ACTIVITIES: | |
Net cash used in investing activities | |
CASH FLOWS FROM FINANCING ACTIVITIES: | |
Net cash provided by financing activities | |
CHANGE IN CASH AND CASH EQUIVALENTS | |
Net decrease in cash and cash equivalents | (44,641) |
Cash and cash equivalents at beginning of year | 44,662 |
Cash and cash equivalents at end of Period | $ 21 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2017 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | (1) Summary of Significant Accounting Policies Business Description- Quantum Business Strategies, Inc. continues to solicit new clients for consulting services. Quantum is involved in overseeing the development of AZT Systems and on September 18, 2018 closed the purchase of AZT Systems which will be operated by Quantum’s wholly owned subsidiary AZT Systems Inc ( a Nevada Corporation). Quantum has retained Holly Roseberry and Frank Ziegler to oversee the software development, locate expert consultants to assist with funding and launching AZT Systems. The software development staff and operations are based out of Ahmedabad India. Condensed Interim Financial Statements- The Company’s significant accounting principles were presented as Note 2 to the Financial Statements in the Form S-1 report these statements should be read along with that report. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying condensed financial statements and consist of only normal recurring adjustments. The results of operations presented in the accompanying condensed financial statements are not necessarily indicative of the results that may be expected for the full year ending December 31, 2017. Going Concern - As of September 30, 2017, the Company had revenue of $15,000, offset by an accumulated deficit of $(16,009). Management recognizes that the Company’s continued existence is dependent upon its ability to obtain needed working capital through additional equity or debt financing and revenue to cover expenses as the Company will continue to incur losses. Since its incorporation, the Company financed its operations almost exclusively through advances from its controlling shareholders. The Company expects to fund operations through the sale of equity or other investments for the foreseeable future, as the Company does not receive significant revenue from its business operations. There is no guarantee that the Company will be successful in arranging to finance on acceptable terms. The Company's ability to raise additional capital is affected by trends and uncertainties beyond its control. The Company does not currently have any arrangements for financing, and it may not be able to find such funding if required. Obtaining additional financing would be subject to some factors, including investor sentiment. Market factors may make the timing, amount, terms or conditions of additional funding unavailable to it. These uncertainties raise substantial doubt about the ability of the Company to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of these uncertainties. The Company’s other significant accounting policies are summarized in Note 2 of the Company’s Annual Report on Form S-1. There were no significant changes to these accounting policies during the nine months ended September 30, 2017, except for the revenue recognition policy in the following paragraph and the Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements. Revenues - |
Common Stock
Common Stock | 9 Months Ended |
Sep. 30, 2017 | |
Common Stock | |
Common Stock | (2) Common Stock During the current period ending September 30, 2017, no common stock transactions occurred. The Company has 500,000,000 shares of common shares authorized at a par value of $.001 and 50,000 shares of preferred shares authorized at a par value of $.01. For the year-end December 31, 2016, the initial subscriptions resulted in 28,009,000 shares of common stock issued and outstanding. During the period ended December 31, 2016 an entity controlled by the Company’ former Chief Executive Officer and Director who resigned in November of 2017 purchased 23,000,000 shares of common stock at $0.001 per share for $23,000. |
Other Receivable
Other Receivable | 9 Months Ended |
Sep. 30, 2017 | |
Other Receivable | |
Other Receivable | (3) Other Receivable Funds were advanced to the Company’ former Chief Executive Officer and Director who resigned in November of 2017 for providing customer costs such as business plans, start up and ongoing consulting services of which $1,100 remains as a receivable related to the prior CEO. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2017 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | (4) Related Party Transactions No related party transactions occurred during the current period ending September 30, 2017. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2017 | |
Subsequent Events [Abstract] | |
Subsequent Events | (5) Subsequent Events On September 10, 2018, Artin Consulting Inc. filed Articles of Amendment with the Nevada Secretary of State to change the name from Artin Consulting Inc. to “Quantum Business Strategies, Inc.”. The same amendment submitted to Secretary of State, (an Amendment After Issuance of Stock) documented the approval to issue 50,000 Preferred shares at $.01 par value for Quantum Business Strategies Inc. On September 10, 2018, Quantum filed documents with the Nevada Secretary of State forming AZT Systems, Inc. as a wholly owned subsidiary of the Company. AZT Systems Inc. will own, operate and market the restaurant software and continue to oversee further development and updates. On September 18, 2018, we entered into an asset purchase agreement with A & S Holdings, Inc. to purchase a restaurant point-of-sale software suite that manages customer payments, reservations, orders, reviews, and entertainment, which is known as the "AZT System," (the "Software"). The total payment for the Software will be $25,000 in cash at closing, and the issuance of our convertible note in the principal amount for $2,175,000, to A & S Holdings, due September 18, 2021, convertible into 108,750,000 shares of our common stock. We plan to further develop and initiate marketing of the Software to restaurants as well as other food services businesses. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Accounting Policies [Abstract] | |
Business Description | Business Description- Quantum Business Strategies, Inc. continues to solicit new clients for consulting services. Quantum is involved in overseeing the development of AZT Systems and on September 18, 2018 closed the purchase of AZT Systems which will be operated by Quantum’s wholly owned subsidiary AZT Systems Inc ( a Nevada Corporation). Quantum has retained Holly Roseberry and Frank Ziegler to oversee the software development, locate expert consultants to assist with funding and launching AZT Systems. The software development staff and operations are based out of Ahmedabad India. |
Condensed Interim Financial Statements | Condensed Interim Financial Statements- The Company’s significant accounting principles were presented as Note 2 to the Financial Statements in the Form S-1 report these statements should be read along with that report. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying condensed financial statements and consist of only normal recurring adjustments. The results of operations presented in the accompanying condensed financial statements are not necessarily indicative of the results that may be expected for the full year ending December 31, 2017. |
Going Concern | Going Concern - As of September 30, 2017, the Company had revenue of $15,000, offset by an accumulated deficit of $(16,009). Management recognizes that the Company’s continued existence is dependent upon its ability to obtain needed working capital through additional equity or debt financing and revenue to cover expenses as the Company will continue to incur losses. Since its incorporation, the Company financed its operations almost exclusively through advances from its controlling shareholders. The Company expects to fund operations through the sale of equity or other investments for the foreseeable future, as the Company does not receive significant revenue from its business operations. There is no guarantee that the Company will be successful in arranging to finance on acceptable terms. The Company's ability to raise additional capital is affected by trends and uncertainties beyond its control. The Company does not currently have any arrangements for financing, and it may not be able to find such funding if required. Obtaining additional financing would be subject to some factors, including investor sentiment. Market factors may make the timing, amount, terms or conditions of additional funding unavailable to it. These uncertainties raise substantial doubt about the ability of the Company to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of these uncertainties. The Company’s other significant accounting policies are summarized in Note 2 of the Company’s Annual Report on Form S-1. There were no significant changes to these accounting policies during the nine months ended September 30, 2017, except for the revenue recognition policy in the following paragraph and the Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements. |
Revenues | Revenues - |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2017 | Dec. 31, 2016 | |
Accounting Policies [Abstract] | |||
Accumulated Deficit | $ 16,009 | $ 16,009 | $ 5,928 |
Revenue | $ 6,000 | $ 15,000 |
Common Stock (Details Narrative
Common Stock (Details Narrative) - $ / shares | Sep. 30, 2017 | Dec. 31, 2016 |
Common Stock Details Narrative | ||
Common Stock, Shares Authorized | 500,000,000 | 500,000,000 |
Common Stock, Par Value | $ .001 | $ .001 |
Common Stock, Shares Issued | 28,009,000 | 28,009,000 |
Common Stock, Shares Outstanding | 28,009,000 | 28,009,000 |