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GRHI Gold Rock

Document and Entity Information

Document and Entity Information - shares6 Months Ended
Jun. 30, 2021Aug. 03, 2021
Document and Entity Information:
Document Type10-Q
Entity Central Index Key0000894501
Document Period End DateJun. 30,
2021
Current Fiscal Year End Date--12-31
Document Fiscal Year Focus2021
Document Fiscal Period FocusQ2
Amendment Flagfalse
Document Quarterly Reporttrue
Document Transition Reportfalse
Entity File Number000-51074
Entity Registrant NameGOLD ROCK HOLDINGS, INC.
Entity Incorporation, State or Country CodeNV
Entity Tax Identification Number87-0434297
Entity Address, Address Line One2020 General Booth Blvd
Entity Address, Address Line TwoSuite 230
Entity Address, City or TownVirginia Beach
Entity Address, State or ProvinceVA
Entity Address, Postal Zip Code23454
City Area Code757
Local Phone Number306-6090
Entity Current Reporting StatusNo
Entity Interactive Data CurrentNo
Entity Filer CategoryNon-accelerated Filer
Entity Small Businesstrue
Entity Emerging Growth Companyfalse
Entity Shell Companyfalse
Entity Common Stock, Shares Outstanding47,227,500

CONDENSED BALANCE SHEETS - UNAU

CONDENSED BALANCE SHEETS - UNAUDITED - USD ($)Jun. 30, 2021Dec. 31, 2020
Current Assets
Cash $ 1,700 $ 1,700
Prepaid expenses 100
Total Current Assets1,700 1,800
Total Assets1,700 1,800
Current liabilities
Accounts Payable and Accrued Expenses6,954 14,000
Accrued Board of Director Compensation4,000 90,000
Total Current Liabilities10,954 104,000
Total Liabilities10,954 104,000
Stockholders' Deficit
Common Stock - $0.001 Par; 850,000,000 Shares Authorized, 87,227,500 and 47,227,500 Issued and Outstanding, Respectively87,227 47,227
Additional Paid-In-Capital71,923 (41,927)
Accumulated Deficit(168,404)(107,500)
Total Stockholders' Deficit(9,254)(102,200)
Total Liabilities and Stockholders' Deficit $ 1,700 $ 1,800

CONDENSED BALANCE SHEETS - UN_2

CONDENSED BALANCE SHEETS - UNAUDITED (Parenthetical) - $ / sharesJun. 30, 2021Dec. 31, 2020
Statement of Financial Position [Abstract]
Common Stock, Par Value $ 0.001 $ 0.001
Common Stock, Shares Authorized850,000,000 850,000,000
Common Stock, Shares Issued87,227,500 47,227,500
Common Stock, Shares Outstanding87,227,500 47,227,500

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Income Statement [Abstract]
Sales
Cost of Sales
Gross Profit
Operating Expenses
Board of Director Compensation 30,000 30,000
Consulting3,000 3,000 6,000 6,000
General and administrative24,604 300 24,904 600
Total Expenses27,604 3,300 60,904 36,600
Net Loss for the Period $ (27,604) $ (3,300) $ (60,904) $ (36,600)
Weighted Average Number of Common Shares - Basic and Diluted87,227,500 47,227,500 68,884,959 47,227,500
Net Loss for the Period Per Common Shares -Basic and Diluted $ 0 $ 0 $ 0 $ 0

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)6 Months Ended
Jun. 30, 2021Jun. 30, 2020
Cash Flows from Operating Activities
Net Loss for the Period $ (60,904) $ (36,600)
Non-Cash Adjustments:
Common Shares Issued for Consulting3,000
Common Shares Issued for Consulting29,000
Changes in Assets and Liabilities:
Prepaid expenses100
Accounts Payable and Accrued Expenses6,954 5,600
Accrued Board of Directors Compensation4,000 30,000
Net Cash Flows Used In Operating Activities(17,850)(1,000)
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Capital Contributions from Directors17,850 1,000
Net Cash Flows Provided by Financing Activities17,850 1,000
Net Change in Cash
Cash - Beginning of Period1,700 1,700
Cash - End of Period1,700 1,700
Cash Paid During the Period for:
Interest
Income Taxes

CONDENSED STATEMENTS OF CHANGES

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - UNAUDITED - USD ($)Common Stock [Member]Additional Paid-in Capital [Member]Accumulated Deficit [Member]Total
Balance at Dec. 31, 2019 $ 47,227 $ (44,427) $ (63,400) $ (60,600)
Balance, shares at Dec. 31, 201947,227,500
Capital Contributions - Director1,000 1,000
Net Loss for the Period(36,600)(36,600)
Balance at Jun. 30, 2020 $ 47,227 (43,427)(100,000)(96,200)
Balance, shares at Jun. 30, 202047,227,500
Balance at Mar. 31, 2020 $ 47,227 (43,727)(96,700)(93,200)
Balance, shares at Mar. 31, 202047,227,500
Capital Contributions - Director300 300
Net Loss for the Period(3,300)(3,300)
Balance at Jun. 30, 2020 $ 47,227 (43,427)(100,000)(96,200)
Balance, shares at Jun. 30, 202047,227,500
Balance at Dec. 31, 2020 $ 47,227 (41,927)(107,500)(102,200)
Balance, shares at Dec. 31, 202047,227,500
Common Stock Issued for Accrued Expenses & Directors Fees $ 30,588 73,412 104,000
Common Stock Issued for Accrued Expenses & Directors Fees, shares30,588,235
Common Stock Issued for Consulting and Director Compensation $ 9,412 22,588 32,000
Common Stock Issued for Consulting and Director Compensation, shares9,411,765
Capital Contributions - Director17,850 17,850
Net Loss for the Period(60,904)(60,904)
Balance at Jun. 30, 2021 $ 87,227 71,923 (168,404)(9,254)
Balance, shares at Jun. 30, 202187,227,500
Balance at Mar. 31, 2021 $ 87,227 54,173 (140,800)600
Balance, shares at Mar. 31, 202187,227,500
Capital Contributions - Director17,750 17,750
Net Loss for the Period(27,604)(27,604)
Balance at Jun. 30, 2021 $ 87,227 $ 71,923 $ (168,404) $ (9,254)
Balance, shares at Jun. 30, 202187,227,500

Organization & Description of B

Organization & Description of Business6 Months Ended
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization & Description of BusinessNOTE 1 – Organization & Description of Business The Company was incorporated in the State of Nevada in February 1997 as Affordable Homes of America. In March 1999 we merged into Kowtow, Inc. and changed our name to Affordable Homes of America, Inc. On October 12, 2000 we changed our name to World Homes, Inc. and on August 23, 2001 we changed our name to Composite Industries of America, Inc. On September 02, 2004, the Company changed its name to Gold Rock Holdings, Inc. On January 08, 2009 the Company did a name change to The Affordable Homes Group, Inc. On March 01, 2011 the Company changed its name to Global Green Group, Inc. And, On January 09, 2015, the Company changed its name back to Gold Rock Holdings, Inc., the current name of the Company. In 2019, Gold Rock Holdings, Inc. established itself as a provider of engineering and construction management services producing site-plans, construction drawings, cost computations, fiber network designs, and other related construction services. These services assist underground construction companies in laying high-speed fiber-optics and underground cable in areas of the U.S.

Summary of Significant Accounti

Summary of Significant Accounting Policies6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting PoliciesNOTE 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying condensed balance sheet at December 31, 2020, has been derived from audited financial statements and the accompanying unaudited condensed interim financial statements as of June 30, 2021 and 2020, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2020 (the “2020 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”). It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statement presentation. Operating results for the three and six months ended June 30, 2021, are not necessarily indicative of the results of operations expected for the year ending December 31, 2021. Method of Accounting The Company’s condensed financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts. Earnings (Loss) per Share Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share.
-8- GOLD ROCK HOLDINGS, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS - UNAUDITED NOTE 2 – Summary of Significant Accounting Policies - continued Stock-Based Compensation We account for employee and non-employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, Fair Value of Financial Instruments The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable and accrued liabilities approximate fair value given their short-term nature or effective interest rates. Revenue Recognition The Company implemented ASC 606, Revenue from Contracts with Customers The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.

Recently Issued Accounting Stan

Recently Issued Accounting Standards6 Months Ended
Jun. 30, 2021
Recently Issued Accounting Standards
Recently Issued Accounting StandardsNOTE 3 – Recently Issued Accounting Standards The Company has implemented all new accounting pronouncements that are in effect and is evaluating any that may impact its financial statements, including the new lease standard. The Company does not have any leases 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.

Going Concern

Going Concern6 Months Ended
Jun. 30, 2021
Going Concern [Abstract]
Going ConcernNOTE 4 – Going Concern The Company’s condensed financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations and has net current liabilities and an accumulated deficit. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. While the Company is attempting to continue operations and generate revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management believes that the actions presently being taken to further implement the Company’s business plan; to expand sales with a dynamic marketing campaign and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues. During the three and six months ended June 30, 2021, due to lack of revenues the officers of the Company paid for all expenses through loans to the Company. This allowed the Company to continue as a going concern.

Related Party Transactions

Related Party Transactions6 Months Ended
Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party TransactionsNOTE 5 – Related Party Transactions During the six months ended June 30, 2021 and 2020, the sole board of director paid all expenses of the Company in the amount of $17,850 and $1,000, respectively. The amount paid during the six months ended June 30, 2021 and 2020 was not to be reimbursed therefore, additional paid in capital was increased by $17,850 and $1,000, respectively for the periods then ended.

Stock

Stock6 Months Ended
Jun. 30, 2021
Stockholders' Equity Note [Abstract]
StockNOTE 6 – Stock Preferred Stock Preferred stock consists of 50,000,000 shares authorized at $0.001 par value. Preferred stock are blank check and have no conversion, dividend or voting rights. At June 30, 2021 and December 31, 2020 there were -0- preferred shares issued and outstanding. Common Stock Common stock consists of 850,000,000 shares authorized at $0.001 par value. At June 30, 2021 and December 31, 2020 there were 87,227,500 and 47,227,500 shares issued and outstanding, respectively. During the six months ended June 30, 2021, the Company issued 30,588,235 shares to pay $90,000 of accrued board of director compensation and accrued consulting of $14,000 that was included on the balance sheet at December 31, 2020. The shares value was based on the market price of the Company’s common stock of $0.0034 on the measurement date. During the six months ended June 30, 2021, the Company issued 9,411,765 shares to pay $32,000 of board of director compensation and consulting services of $3,000 that was included in the statement of operations at June 30, 2021. The shares value was based on the market price of the Company’s common stock of $0.0034 on the measurement date.

Risks and Uncertainties

Risks and Uncertainties6 Months Ended
Jun. 30, 2021
Risks and Uncertainties [Abstract]
Risks and UncertaintiesNOTE 7 – Risks and Uncertainties Coronavirus Impact (COVID-19) Due to the recent outbreak of the coronavirus reported in many countries worldwide, local and federal governments have issued travel advisories, canceled large scale public events and closed schools. In addition, companies have begun to cancel conferences and travel plans and require employees to work from home. Global financial markets have also experienced extreme volatility and disruptions to capital and credit markets. We are unable to predict the impact of the coronavirus on our operations at this time. Adverse events such as health-related concerns about working in our offices, the inability to travel, potential impact on our business partners and customers, and other matters affecting the general work and business environment could harm our business and delay the implementation of our business strategy. The adverse events may also adversely impact our ability to raise capital or to continue as a going concern. We continue to monitor the recent outbreak of the coronavirus on our operations.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]
Basis of PresentationBasis of Presentation The accompanying condensed balance sheet at December 31, 2020, has been derived from audited financial statements and the accompanying unaudited condensed interim financial statements as of June 30, 2021 and 2020, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2020 (the “2020 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”). It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statement presentation. Operating results for the three and six months ended June 30, 2021, are not necessarily indicative of the results of operations expected for the year ending December 31, 2021.
Method of AccountingMethod of Accounting The Company’s condensed financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Use of EstimatesUse of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash EquivalentsCash and Cash Equivalents Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts.
Earnings (Loss) per ShareEarnings (Loss) per Share Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share.
Stock-based CompensationStock-Based Compensation We account for employee and non-employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation,
Fair Value of Financial InstrumentsFair Value of Financial Instruments The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable and accrued liabilities approximate fair value given their short-term nature or effective interest rates.
Revenue RecognitionRevenue Recognition The Company implemented ASC 606, Revenue from Contracts with Customers The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)6 Months Ended
Jun. 30, 2021Jun. 30, 2020
Related Party Transactions [Abstract]
Related parties amount of transaction paid by sole board of director $ 17,850 $ 1,000
Increase in additional paid in capital $ 17,850 $ 1,000

Stock (Details)

Stock (Details) - USD ($)6 Months Ended
Jun. 30, 2021Dec. 31, 2020
Preferred Stock, Par Value $ 0.001
Preferred Stock, Shares Authorized50,000,000
Preferred Stock, Shares Issued0 0
Preferred Stock, Shares Outstanding0 0
Common Stock, Par Value $ 0.001 $ 0.001
Common Stock, Shares Authorized850,000,000 850,000,000
Common Stock, Shares Issued87,227,500 47,227,500
Common Stock, Shares Outstanding87,227,500 47,227,500
For accrued board of director compensation [Member]
Shares issued30,588,235
Shares issued, value $ 90,000
Shares issued, price per share $ 0.0034
Accrued consulting $ 14,000
Shares issued for services9,411,765
Shares issued for services, value $ 32,000
Transaction price for services $ 0.0034
Consulting services $ 3,000