10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

(Mark One)

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: October 31, 2015

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ____   to ________

Commission File Number: 333-164633

PHOTOAMIGO, INC.

(Exact Name of Registrant as Specified in its Charter)

NEVADA	20-5422795
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

2532 Foothill Road, Santa Barbara, CA. 93105

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number including area code: (805) 965-0699

Former name, former address, and former fiscal year, if changed since last report

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒  No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes  ☒            No ☐

Indicate by checkmark whether the registrant is a large accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer   ☐                                                                                               Accelerated filer  ☐

Non-accelerated filer  ☐                                                                                               Smaller reporting company  ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes x No  ☐

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 3,018,000 shares of common stock outstanding as of December 1, 2015.

Index

		Page
Part I - FINANCIAL INFORMATION
Item 1.	Unaudited Financial Statements
	Condensed Balance Sheets (unaudited) as of October 31, 2015 and July 31, 2015	3
	Condensed Statements of Operations (unaudited) for the three month periods ended October 31, 2015 and 2014	4
	Condensed Statement of Changes in Stockholders' Equity (Deficit) for the periods ended July 31, 2015 and October 31, 2015	5
	Condensed Statements of Cash Flows (unaudited) for the three month periods ended October 31, 2015 and 2014	6
	Notes to Condensed Financial Statements (unaudited)	7
Item 2.	Management's Discussion and Analysis or Plan of Operation	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	14
Item 4.	Controls and Procedures	14
Part II - OTHER INFORMATION
Item 1.	Legal Proceedings	16
Item 1A.	Risk Factors	16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3.	Defaults Upon Senior Securities	16
Item 4.	Mine Safety Disclosures	16
Item 5.	Other Information	16
Item 6.	Exhibits	16
SIGNATURES		17

2

PHOTOAMIGO,  INC.

 CONDENSED BALANCE SHEETS

(unaudited)

	Oct 31,2015			July 31, 2015
ASSETS
Current assets:
Cash and cash equivalents	$	1,052		$	3,399
Total current assets		1,052			3,399
Fixed Assets
Computer equipment		2,792			2,792
Accumulated depreciation		(631	)		(396	)
Net book value		2,161			2,396
Total assets	$	3,213		$	5,795
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	1,439		$	1,182
Advances from officer		-			-
Total current liabilities		1,439			1,182
Total liabilities		1,439			1,182
Commitments and contingencies (Notes 2 and 4)
Stockholders' equity:
Preferred stock - $0.001 par value,  5,000,000 shares authorized:
No shares issued or outstanding		-			-
Common stock - $0.001 par value, 100,000,000 shares authorized:
3,018,000 shares issued and outstanding		3,018			3,018
Additional paid-in capital		265,613			260,613
Accumulated (Deficit)		(266,857	)		(259,018	)
Total stockholders' equity		1,774			4,613
Total liabilities and stockholders' equity	$	3,213		$	5,795

The accompanying notes are an integral part of these condensed unaudited financial statements

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PHOTOAMIGO, INC.

CONDENSED STATEMENTS OF OPERATIONS

for the three month periods ended October 31, 2015 and 2014

 (unaudited)

	Three Months			Three Months
	ended			ended
	October 31, 2015			October 31, 2014
Revenues	$	-		$	-
Operating expenses:
Website development		274			174
Employee compensation		-			-
Sales and marketing		-			-
Legal and accounting fees		788			506
Investor relations		609			306
Other general and administrative		5,933			25
Impairment		-			-
Depreciation Expense		235			-
Total operating expenses		7,839			1,011
Operating (loss)		(7,839	)		(1,011	)
Other income(expense):
Interest expense		-			-
Interest income		-
Other income (expense) net		-			-
Net (loss)	$	(7,839	)	$	(1,011	)
Net (loss) per common share:
Basic and Diluted	$	(0.00	)	$	(0.00	)
Weighted average shares outstanding:
Basic and Diluted		3,018,000			3,018,000

* denotes a loss of less than $(0.01) per share.

The accompanying notes are an integral part of these condensed unaudited financial statements

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PHOTOAMIGO, INC.

 CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)

for the period from July 31, 2014 to October 31, 2015

(unaudited)

					Additional					Total
	Common Stock				Paid - in		Accumulated			Stockholders'
	Shares		Amount		Capital		(Deficit)			Equity (Deficit)
Balance, July 31 , 2014		3,018,000	$	3,018	$	235,613	$	(237,944	)	$	687
Net (loss) for the year		-		-		-		(21,074	)		(21,074	)
Additional paid in capital - related parties		-		-		25,000		-			25,000
Balance, July 31 , 2015		3,018,000		3,018		260,613		(259,018	)		4,613
Net (loss) for the year		-		-		-		(7,839	)		(7,839	)
Additional paid in capital - related parties		-		-		5,000		-			5,000
Balance, October 31 , 2015		3,018,000	$	3,018	$	265,613	$	(266,857	)	$	1,774

The accompanying notes are an integral part of these condensed unaudited financial statements

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PHOTOAMIGO, INC.

CONDENSED STATEMENTS OF CASH FLOWS

for the three months ended October 31, 2015 and 2014,

 (unaudited)

	Three Months			Three Months
	ended			ended
	October 31, 2015			October 31, 2014
Cash flows from operating activities:
Net (loss)	$	(7,839	)	$	(1,011	)
Adjustments to reconcile net (loss) to net cash
used by operating activities:
Impairment		-			-
Depreciation		235			-
Stock issued for services		-			-
Changes in operating assets and liabilities:
Increase/(decrease) in accounts payable		257			(180	)
Increase/(decrease) in advances from officer					(227	)
Net cash (used in) operating activities		(7,347	)		(1,418	)
Cash flows from investing activities:
Purchase of fixed assets					-
Net cash (used in) investing activities		-			-
Cash flows from financing activities:
Capital contribution from shareholders		5,000			(6	)
Cash Proceeds from sale of stock		-			6
Net cash provided by financing activities		5,000			-
Net increase (decrease) in cash and equivalents		(2,347	)		(1,418	)
Cash and equivalents at beginning of period		3,399			2,327
Cash and equivalents at end of period	$	1,052		$	909
Supplemental Cash Flow Information
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-
Non-cash investing and financing activities:
Shares issued in exchange for website domain names,
membership base and software	$	-		$	-

The accompanying notes are an integral part of these condensed unaudited financial statements

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PHOTOAMIGO, INC.

 NOTES TO CONDENSED FINANCIAL STATEMENTS

For the three month periods ended October 31, 2015 and 2014

 (unaudited)

1. Nature of Operations and Summary of Significant Accounting Policies

Nature of Operations

PhotoAmigo, Inc. ("the Company" or "PhotoAmigo") was organized under the laws of the State of Nevada on April 2, 2008. The Company has been in the development stage since its formation and has not yet realized revenues from its planned operations. It plans to develop photographic sharing and networking through its website PhotoAmigo.com.

Summary of Significant Accounting Policies

Interim Financial Information: The interim financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") as promulgated in Item 210 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") have been condensed or omitted pursuant to such SEC rules and regulations. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of financial position as of October 31, 2015, results of operations, changes in stockholders' equity (deficit) and cash flows for the three and Three month periods ended October 31, 2015 and 2014, as applicable, have been made. The results for these interim periods are not necessarily indicative of the results for the entire year. The accompanying financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company's Form 10-K.

Development Stage Company: The Company is a development stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification and among the additional disclosures required as a development stage company are that its financial statements were identified as those of a development stage company, and that the statements of operations, stockholders' deficit and cash flows disclosed activity since the date of its Inception (April 2, 2008) as a development stage company Although the Company has recognized nominal amounts of revenue, it is still devoting substantially all of its efforts on establishing the business.  All losses accumulated since Inception (April 2, 2008) have been considered as part of the Company's development stage activities.  Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has adopted these provisions and consequently these additional disclosures are not included in these financial statements.

Use of Estimates: The preparation of financial statements in conformity with US GAAP requires the Company's management to make estimates and assumptions that affect the amounts of assets and liabilities, the identification and disclosure of impaired assets and contingent liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

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Cash and Cash Equivalents: The majority of cash is maintained with a major financial institution in the United States.   Generally, these deposits may be redeemed on demand and, therefore, bear minimal risk.  The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Income Taxes: The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

Revenue Recognition: PhotoAmigo has not commenced operations, is in its development stage, and has not yet generated any revenues from operations. Revenues are expected to be derived principally from subscriptions to our website.

Income (Loss) Per Share: Basic earnings per share includes no dilution and is computed by dividing net income (or loss) by the weighted- average number of shares outstanding during the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company, assuming the issuance of an equivalent number of common shares pursuant to options, warrants, or convertible debt arrangements. Diluted earnings per share is not shown for periods in which the Company incurs a loss because it would be anti-dilutive. Similarly, potential common stock equivalents are not included in the calculation if the effect would be anti-dilutive. No potentially dilutive debt or equity securities were issued or outstanding during the three and Three month periods ended October 31, 2015 or 2014.

Recent Accounting Pronouncements: The Company has reviewed all the recently issued, but not yet effective, accounting pronouncements and does not believe any of these pronouncements will have a material impact on the Company..

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2. Going Concern

The accompanying financial statements were prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of obligations in the normal course of business. However, PhotoAmigo's operations are in the development stage and it has incurred losses since inception (April 2, 2008), resulting in an accumulated deficit of $266,857 as of October 31, 2015. These conditions raise substantial doubt about the ability of PhotoAmigo to continue as a going concern.

In view of these matters, continuation as a going concern is dependent upon several factors, including the availability of debt or equity funding upon terms and conditions acceptable to PhotoAmigo, and ultimately achieving profitable operations. Management cannot provide assurance that PhotoAmigo will meet its objectives and be able to continue in operation.

The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of PhotoAmigo to continue as a going concern.

3. Related Party Transactions

From time to time, PhotoAmigo receives funds by way of loan from its sole executive officer to cover temporary working capital requirements, the advances bear no interest, are unsecured and due on demand. As of October 31, 2015, the outstanding balance of advances from its sole executive officer was $-0- as the loan was repaid in full during the three months ended October 31, 2014.

Office space is provided to PhotoAmigo at no additional cost by the sole executive officer. No provision for these costs has been included in these financial statements as the amounts are not material.

During the three months ended October 31, 2015, two shareholders contributed $2,500 each to fund the Company's ongoing activities. The shareholders have not received any equity for these contributions and the contributions are not repayable. Accordingly these contributions have been credited to additional paid in capital. During the three months ended October 31, 2014, none of the shareholders contributed any capital contributions to the Company for this period.

4. Income Taxes

PhotoAmigo's deferred tax assets, valuation allowance, and change in valuation allowance are as follows:

Period Ending	Estimated NOL carry-forward		NOL expires		Estimated tax benefit from NOL		Valuation allowance			Change in valuation allowance			Net tax asset
July 31, 2008	$	86,500		2028	$	17,300	$	(17,300	)	$	(17,300	)	$	-
July 31, 2009	$	36,200		2029	$	6,900	$	(6,900	)	$	(6,900	)	$	-
July 31, 2010	$	25,000		2030	$	3,500	$	(3,500	)	$	(3,500	)	$	-
July 31, 2011	$	30,400		2031	$	4,600	$	(4,600	)	$	(4,600	)	$	-
July 31, 2012	$	22,000		2032	$	4,000	$	(4,000	)	$	(4,000	)	$	-
July 31, 2013	$	17,000		2033	$	3,400	$	(3,400	)	$	(3,400	)	$	-
July 31, 2014	$	21,000		2034	$	4,000	$	(4,000	)	$	(4,000	)	$	-
July 31, 2015	$	21,000		2035	$	4,000	$	( 4,000	)	$	( 4,000	)	$	-
October 31, 2015	$	8,000		2036	$	1,600	$	(1,600	)	$	(1,600	)	$	-

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Income taxes at the statutory rate are reconciled to reported income tax expense (benefit) as follows:

	2016	2015
Income tax benefit at statutory rate	(20%)	(20%)
Deferred income tax calculation allowance	20%	20%
Reported tax rate	0%	0%

At this time, the Company is unable to determine if it will be able to benefit from its deferred tax asset. There are limitations on the utilization of net operating loss carryforwards, including a requirement that losses be offset against future taxable income, if any. In addition, there are limitations imposed by certain transactions which are deemed to be ownership changes. Accordingly, a valuation allowance has been established for the entire deferred tax asset.

5.  Stockholders' Equity

Preferred Stock

The Company is authorized to issue 5,000,000 shares of preferred stock with a par value of $0.001 per share. No shares of preferred stock have been issued or outstanding since Inception (April 1, 2008).

Common Stock

The Company is authorized to issue 100,000,000 shares or common stock with a par value of $0.001 per share.

No shares of common stock were issued during the three months ended October 31, 2015 or 2014.

There were 3,018,000 shares of common stock issued and outstanding at October 31, 2015.

Additional Paid In Capital

During the three months ended October 31, 2015, two shareholders contributed $2,500 each to fund the Company's ongoing activities. The shareholders have not received any equity for these contributions and the contributions are not repayable. Accordingly these contributions have been credited to additional paid in capital. During the three months ended October 31, 2014, capital contributions of $-0- were made to the Company.

6.    Subsequent Events

In accordance with ASC 855, "Subsequent Events", the Company has evaluated subsequent events through the date of issuance of these unaudited financial statements and has determined that it did not have any material recognizable subsequent events to report.

10

Item 2. Management's Discussion and Analysis or Plan of Operation Overview

This discussion updates our business plan for the three month period ending October 31, 2015. It also analyzes our financial condition at October 31, 2015, and compares it to our financial condition at July 31, 2015. This discussion and analysis should be read in conjunction with our audited financial statements for the year ended July 31, 2015, including footnotes, contained in our Annual Report on Form 10-K, and with the unaudited financial statements for the interim period ended October 31, 2015, including footnotes, which are included in this quarterly report.

Overview

PhotoAmigo, Inc. ("the Company", "PhotoAmigo", "we", "us" or "our") was incorporated in the State of Nevada on April 2, 2008 ("Inception"). Since Inception, we have engaged in activities to formulate and implement our business plan which is to develop photographic sharing and networking through its website PhotoAmigo.com

Ability to continue as a "going concern". The independent registered public accounting firm's reports on our financial statements as of July 31, 2015 and 2014, includes a "going concern" explanatory paragraph that describes substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to the factors prompting the explanatory paragraph are discussed in the financial statements, including footnotes thereto.

Development Stage Company. We are considered to be in the development stage as defined in the accounting standards. We have devoted substantially all of our efforts to business planning and development. Additionally, we have allocated a substantial portion of our time and investment to bringing our product to the market, and to raising capital. We have not yet generated any revenue from operations.

Plan of Operation

We provide social networking and photo sharing from our website PhotoAmigo.com. We also maintain the domain names PhotoAmigo.net, fotoamigo.com and fotoamigo.net. These domain names all redirect incoming traffic to our main website, PhotoAmigo.com.

We need to continue development of the features on the website and attract additional subscribers. PhotoAmigo believes that its brand, product offering and future enhancements will continue to attract users and will make it a premier destination for photo sharing. While there are established photo sharing sites on the Internet, we believe that the continued growth of sharing photos and photo blogging will create an opportunity for additional sites. Our strategy is to engage users by offering free photo sharing and social networking services. We believe that by offering a full suite of services for free, we can eventually get users to upgrade their membership for more photo sharing storage space.

As shown in the following table, we have slowly increased the total number of members using our free services.

July 31, 2011	July 31, 2012	July 31, 2013	July 31, 2014	October 31, 2015
4,553	4,583	4,606	4,615	4,688

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To become a viable enterprise, we must further increase the number of members visiting out site and convert members from free membership to paid membership.

We are unable, at this time, to predict when, if ever, our objectives will be achieved.

Liquidity and Capital Resources

As of October 31, 2015, we had working capital of $(387), comprised of $1,052 in cash and $1,439 of current liabilities.  This represents a decrease in the working capital of $2,604 from the working capital balance of $ 2,217 reported as of July 31, 2015 which comprised cash of $3,399 and current liabilities, comprising accounts payable of $1,182.

Our lack of capital resources will require us to obtain additional funding to achieve our photo sharing website development goals. In the past we have relied on issuances of common stock to fund our operations.

We may seek additional financing in the form of debt or equity. There is no assurance that we will be able to obtain any needed financing on favorable terms, or at all, or that we will find qualified purchasers for the sale of our stock. Any sales of our securities would dilute the ownership of our existing investors.

We currently have no written or firm agreement regarding future funding requirements, and we may curtail our efforts or cease activities entirely.

Future Capital Expenditures

As of October 31, 2015, we have no plans or commitments to acquire capital assets.

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Results of Operations – Three Months Ended October 31, 2015 Compared to the Three Months Ended October 31, 2014

Revenue

We recognized no revenue in the three months ended October 31, 2015 or 2014 as our limited operations have not generated revenue yet.

Operating Expenses

Operating expenses increased to $7,839 for the three months ended October 31, 2015, compared to $1,011 during the comparable period of 2014. During the three months ended October 31, 2015, website development costs increased by $100, depreciation by $235 and legal and accounting fees by $282, while investor relations increased by $303, and general and administrative expenses increased $5,908 as compared to the three months ended October 31, 2014. Consistent with our current need to conserve capital resources, we try to reduce our marketing expenses, and certain general and administrative expenses but do not always succeed. Substantially all of our operating expenses are incurred in connection with activities to meet current reporting requirements for a public company and there was no material change in the nature or extent of those activities.

Net Loss

For the three months ended October 31, 2015, we recorded a net loss of $7,839 compared to a net loss for the corresponding period of 2014 of $1,011 or an increase of $6,828 due to the factors discussed above.

13

Cash Flows – Three Months Ended October 31, 2015 Compared to the Three Months Ended October 31, 2014

Operating Activities

During the three months ended October 31, 2015 we used $7,347 in operating activities compared to the $1,418 used in the operations during the three months ended October 31, 2014. During the three months ended October 31, 2015, we recorded losses of $7,839, incurred non cash depreciation of $235 and grew accounts payable of $257. By comparison, during the three months ended October 31, 2014, we recorded losses of $1,011 and repaid accounts payable of $407.

Investing activities

During the three months ended October 31, 2015, we did not purchase any capital assets, we neither used, nor generated funds from investing activities during the three months ended October 31, 2014.

Financing activities

During the three months ended October 31, 2015, two shareholders contributed $2,500 each to fund the Company's ongoing activities. The shareholders did not receive any equity for these contributions and the contributions are not repayable. Accordingly, these contributions have been accounted for as contributions in capital. For the period ending October 31, 2014 we received $6 of capital contributions reflecting a change in the cash proceeds from a stock sale in a prior period, the net of which resulting in $-0- cash provided by financing activities.

Critical Accounting Policies

Our critical accounting policies are disclosed in Note 1 of the unaudited footnotes to our financial statements above. There have been no changes in our critical accounting policies since July 31, 2015.

Forward-Looking Statements

This Form 10-Q contains or incorporates by reference "forward-looking statements," as that term is used in federal securities laws, about our financial condition, results of operations and business. These statements include, among others:

- statements concerning the benefits that we expect will result from our business activities and results of business development that we contemplate or have completed, such as increased revenues; and statements of our expectations, beliefs, future plans and strategies, anticipated developments and other matters that are not historical facts. These statements may be made expressly in this document or may be incorporated by reference to other documents that we will file with the SEC. You can find many of these statements by looking for words such as "believes," "expects," "anticipates," "estimates" or similar expressions used in this report or incorporated by reference in this report.

These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause our actual results to be materially different from any future results expressed or implied in those statements. Because the statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. We caution you not to put undue reliance on these statements, which speak only as of the date of this report. Further, the information contained in this document or incorporated herein by reference is a statement of our present intention and is based on present facts and assumptions, and may change at any time and without notice, based on changes in such facts or assumptions.

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Item 3.  Quantitative and Qualitative Disclosures about Market Risk

As a "smaller reporting company" as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

An evaluation was performed under the supervision of our management, including our Chief Executive Officer and Chief Financial Officer (principal financial officer), of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of the end of the period covered by this Annual Report. Based on that evaluation, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that, as of October 31, 2015, our disclosure controls and procedures were not effective to ensure that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms due to material weaknesses in our internal controls described below.

Management's Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Exchange Act Rule 13a- 15(f). Our internal control system is intended to provide reasonable assurance to our management and board of directors regarding the preparation and fair presentation of published financial statements and that we have controls and procedures designed to ensure that the information required to be disclosed by us in our reports that we will be required to file under the Exchange Act is accumulated and communicated to our management as appropriate to allow timely and informed decisions regarding financial disclosure. Our management assessed the effectiveness of our internal control over financial reporting as of October 31, 2015. Based on this assessment, management believes that as of October 31, 2015, our internal control over financial reporting was not effective based on those criteria.

Management's assessment identified several material weaknesses in our internal control over financial reporting. These material weaknesses include the following:

Limited capability to interpret and apply accounting principles generally accepted in the United States; Lack of formal accounting policies and procedures that include multiple levels of review.

Limitations on Effectiveness of Controls and Procedures

Our management, including our Chief Executive Officer and Chief Financial Officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Our control systems are designed to provide such reasonable assurance of achieving their objectives. Further, the design of a control system must reflect the fact that there are resource constraints

15

and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our Company have been detected. These inherent limitations include, but are not limited to, the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

This report does not include an attestation report of the company's registered public accounting firm regarding internal control over financial reporting. Identified in connection with the evaluation required by paragraph (d) of Rule 240.13a-15 or Rule 240.15d-15 of this chapter that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

We were not subject to any legal proceedings during the three and Three month periods ended October 31, 2015 or 2014 and, to the best of our knowledge, no legal proceedings are pending or threatened.

Item 1A. Risk Factors.

As a "smaller reporting company" as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

No equity securities were sold during the three month period ended October 31, 2015 or 2014.

Item 3. Defaults Upon Senior Securities.

No senior securities were issued or outstanding during the three month period ended October 31, 2015 or 2014.

Item 4. Mine Safety Disclosures

Not applicable to our Company.

Item 5. Other Information.

None

Item 6. Exhibits.

a. Exhibits

31.1                     Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Robert Heckes.

32.1                     Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for Robert Heckes.

101                      Interactive Data Files

16

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	PHOTOAMIGO, INC.
	/s/ Robert Heckes
Dated: December 17, 2015	By: Robert Heckes, Director, Chief Executive Officer, and Chief Financial Officer

In accordance with the Exchange Act, this Report has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated.

	PHOTOAMIGO, INC.
	/s/ Robert Heckes
Dated: December 17, 2015	By: Robert Heckes, Director, Chief Executive Officer, and Chief Financial Officer

17

EX-31.1

       Exhibit 31.1

CERTIFICATION

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Robert Heckes, certify that:

1.           I have reviewed this Form 10-Q of PhotoAmigo, Inc.;

2.           Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.           Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.           The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.           Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.           Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.           Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.           Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter (the Registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5.           The Registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

a.           All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize and report financial information; and

b.           Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date: December 17, 2015	Date: December 17, 2015
/s/ Robert Heckes	/s/ Robert Heckes
Robert Heckes,	Robert Heckes
Chief Executive Officer, Chief Financial Officer	Chief Executive Officer, Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the accompanying Quarterly Report of PhotoAmigo, Inc. (the "Company") on Form 10-Q for the quarter ended October 31, 2015 as filed with the Securities and Exchange Commission on the date hereof, (the "Report"), I, Robert Heckes, the Company's Principal Executive Officer and Principal Financial Officer, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1)           The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; as amended; and

(2)           The information contained in the Report fairly presents, in all material respects, the financial condition and results of the Company.

Date: December 17, 2015

/s/ Robert Heckes

Robert Heckes, 

Chief Executive Officer, Chief Financial Officer

/s/ Robert Heckes

Robert Heckes, 

Chief Executive Officer, Chief Financial Officer

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Document and Entity Information - USD ($)	3 Months Ended
	Oct. 31, 2015	Dec. 01, 2015
Equity Issuance Dollar Amount Per Share Duration One
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Entity Registrant Name	Photoamigo, Inc.
Entity Central Index Key	0001482554
Current Fiscal Year End Date	--07-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2016
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,018,000
Entity Public Float		$ 0
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes

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BALANCE SHEETS - USD ($)	Oct. 31, 2015	Jul. 31, 2015
Current assets:
Cash and cash equivalents	$ 1,052	$ 3,399
Total current assets	1,052	3,399
Fixed Assets
Computer equipment	2,792	2,792
Accumulated depreciation	(631)	(396)
Net book value	2,161	2,396
Total assets	3,213	5,795
Current liabilities:
Accounts payable	$ 1,439	$ 1,182
Advances from officer
Total current liabilities	$ 1,439	$ 1,182
Total liabilities	$ 1,439	$ 1,182
Stockholders' equity (deficit):
Preferred stock - $0.001 par value, 5,000,000 shares authorized: No shares issued or outstanding
Common stock - $0.001 par value, 100,000,000 shares authorized: 3,018,000 and 3,018,000 shares issued and outstanding, repsectively	$ 3,018	$ 3,018
Additional paid-in capital	265,613	260,613
(Deficit) accumulated during the development stage	(266,857)	(259,018)
Total stockholders' equity	1,774	4,613
Total liabilities and stockholders' equity	$ 3,213	$ 5,795

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BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 31, 2015	Jul. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	3,018,000	3,018,000

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STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Income Statement [Abstract]
Revenues
Operating expenses:
Website development	$ 274	$ 174
Employee compensation
Sales and marketing
Legal and accounting fees	$ 788	$ 506
Investor relations	609	306
Other general and administrative	$ 5,933	$ 25
Impairment
Depreciation Expense	$ 235
Total expenses	7,839	$ 1,011
Operating (loss)	$ (7,839)	$ (1,011)
Other income (expense):
Interest expense
Interest income
Other income (expense) net
Net (loss)	$ (7,839)	$ (1,011)
Net (loss) per common share: Basic and Diluted	$ (0.00)	$ (0.00)
Weighted average shares outstanding: Basic and Diluted	3,018,000	3,018,000

XML

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Common Stock [Member]	Additional Paid - in Capital [Member]	Accumulated (Deficit) [Member]	Total
Balance at Jul. 31, 2014	$ 3,018	$ 235,613	$ (237,944)	$ 687
Balance, shares at Jul. 31, 2014	3,018,000
Net (loss)			(21,074)	(21,074)
Additional paid in capital-related parties		25,000		25,000
Balance at Jul. 31, 2015	$ 3,018	260,613	(259,018)	$ 4,613
Balance, shares at Jul. 31, 2015	3,018,000
Shares issued in exchange for assets, April 2, 2008
Net (loss)			(7,839)	$ (7,839)
Additional paid in capital-related parties		5,000		5,000
Balance at Oct. 31, 2015	$ 3,018	$ 265,613	$ (266,857)	$ 1,774
Balance, shares at Oct. 31, 2015	3,018,000

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STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical) - $ / shares	4 Months Ended	12 Months Ended
	Jul. 31, 2008	Jul. 31, 2010
Statement of Stockholders' Equity [Abstract]
Shares issued on April 2, 2008, price per share	$ 0.094
Shares issued on April 28, 2008, price per share	$ 0.0833
Shares issued on January 25, 2010, price per share		$ 0.0166

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STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Cash flows from operating activities:
Net (loss)	$ (7,839)	$ (1,011)
Adjustments to reconcile net (loss) to net cash used by operating activities:
Impairment
Depreciation	$ 235
Stock issued for services
Changes in operating assets and liabilities:
Increase/(decrease) in accounts payable	$ 257	$ (180)
Increase/(decrease) in advances from officer		(227)
Net cash (used in) operating activities	$ (7,347)	$ (1,418)
Cash flows from investing activities:
Purchase of website assets
Net cash (used in) investing activities
Cash flows from financing activities:
Capital contributions from shareholders	$ 5,000	$ (6)
Proceeds from sale of shares of common stock		$ 6
Net cash provided by financing activities	$ 5,000
Net increase (decrease) in cash and equivalents	(2,347)	$ (1,418)
Cash and equivalents at beginning of period	3,399	2,327
Cash and equivalents at end of period	$ 1,052	$ 909
Supplemental Cash Flow Information
Interest paid
Income taxes paid
Non-cash investing and financing activities:
Shares issued in exchange for website domain names, membership base and software

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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Oct. 31, 2015

Accounting Policies [Abstract]

Nature of Operations and Summary of Significant Accounting Policies

1. Nature of Operations and Summary of Significant Accounting Policies

Nature of Operations

PhotoAmigo, Inc. ("the Company" or "PhotoAmigo") was organized under the laws of the State of Nevada on April 2, 2008. The Company has been in the development stage since its formation and has not yet realized revenues from its planned operations. It plans to develop photographic sharing and networking through its website PhotoAmigo.com.

Summary of Significant Accounting Policies

Interim Financial Information: The interim financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") as promulgated in Item 210 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") have been condensed or omitted pursuant to such SEC rules and regulations. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of financial position as of October 31, 2015, results of operations, changes in stockholders' equity (deficit) and cash flows for the three and Three month periods ended October 31, 2015 and 2014, as applicable, have been made. The results for these interim periods are not necessarily indicative of the results for the entire year. The accompanying financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company's Form 10-K.

Development Stage Company: The Company is a development stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification and among the additional disclosures required as a development stage company are that its financial statements were identified as those of a development stage company, and that the statements of operations, stockholders' deficit and cash flows disclosed activity since the date of its Inception (April 2, 2008) as a development stage company Although the Company has recognized nominal amounts of revenue, it is still devoting substantially all of its efforts on establishing the business.  All losses accumulated since Inception (April 2, 2008) have been considered as part of the Company's development stage activities.  Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has adopted these provisions and consequently these additional disclosures are not included in these financial statements.

Use of Estimates: The preparation of financial statements in conformity with US GAAP requires the Company's management to make estimates and assumptions that affect the amounts of assets and liabilities, the identification and disclosure of impaired assets and contingent liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents: The majority of cash is maintained with a major financial institution in the United States.   Generally, these deposits may be redeemed on demand and, therefore, bear minimal risk.  The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Income Taxes: The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

Revenue Recognition: PhotoAmigo has not commenced operations, is in its development stage, and has not yet generated any revenues from operations. Revenues are expected to be derived principally from subscriptions to our website.

Income (Loss) Per Share: Basic earnings per share includes no dilution and is computed by dividing net income (or loss) by the weighted- average number of shares outstanding during the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company, assuming the issuance of an equivalent number of common shares pursuant to options, warrants, or convertible debt arrangements. Diluted earnings per share is not shown for periods in which the Company incurs a loss because it would be anti-dilutive. Similarly, potential common stock equivalents are not included in the calculation if the effect would be anti-dilutive. No potentially dilutive debt or equity securities were issued or outstanding during the three and Three month periods ended October 31, 2015 or 2014.

Recent Accounting Pronouncements: The Company has reviewed all the recently issued, but not yet effective, accounting pronouncements and does not believe any of these pronouncements will have a material impact on the Company.

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GOING CONCERN

3 Months Ended

Oct. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

GOING CONCERN

2. Going Concern

The accompanying financial statements were prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of obligations in the normal course of business. However, PhotoAmigo's operations are in the development stage and it has incurred losses since inception (April 2, 2008), resulting in an accumulated deficit of $266,857 as of October 31, 2015. These conditions raise substantial doubt about the ability of PhotoAmigo to continue as a going concern.

In view of these matters, continuation as a going concern is dependent upon several factors, including the availability of debt or equity funding upon terms and conditions acceptable to PhotoAmigo, and ultimately achieving profitable operations. Management cannot provide assurance that PhotoAmigo will meet its objectives and be able to continue in operation.

The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of PhotoAmigo to continue as a going concern.

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RELATED PARTY TRANSACTIONS

3 Months Ended

Oct. 31, 2015

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

3. Related Party Transactions

From time to time, PhotoAmigo receives funds by way of loan from its sole executive officer to cover temporary working capital requirements, the advances bear no interest, are unsecured and due on demand. As of October 31, 2015, the outstanding balance of advances from its sole executive officer was $-0- as the loan was repaid in full during the three months ended October 31, 2014.

Office space is provided to PhotoAmigo at no additional cost by the sole executive officer. No provision for these costs has been included in these financial statements as the amounts are not material.

During the three months ended October 31, 2015, two shareholders contributed $2,500 each to fund the Company's ongoing activities. The shareholders have not received any equity for these contributions and the contributions are not repayable. Accordingly these contributions have been credited to additional paid in capital. During the three months ended October 31, 2014, none of the shareholders contributed any capital contributions to the Company for this period.

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INCOME TAXES

3 Months Ended

Oct. 31, 2015

Income Tax Disclosure [Abstract]

INCOME TAXES

4. Income Taxes

PhotoAmigo's deferred tax assets, valuation allowance, and change in valuation allowance are as follows:

Period Ending	Estimated NOL carry-forward		NOL expires		Estimated tax benefit from NOL		Valuation allowance			Change in valuation allowance			Net tax asset
July 31, 2008	$	86,500		2028	$	17,300	$	(17,300	)	$	(17,300	)	$	-
July 31, 2009	$	36,200		2029	$	6,900	$	(6,900	)	$	(6,900	)	$	-
July 31, 2010	$	25,000		2030	$	3,500	$	(3,500	)	$	(3,500	)	$	-
July 31, 2011	$	30,400		2031	$	4,600	$	(4,600	)	$	(4,600	)	$	-
July 31, 2012	$	22,000		2032	$	4,000	$	(4,000	)	$	(4,000	)	$	-
July 31, 2013	$	17,000		2033	$	3,400	$	(3,400	)	$	(3,400	)	$	-
July 31, 2014	$	21,000		2034	$	4,000	$	(4,000	)	$	(4,000	)	$	-
July 31, 2015	$	21,000		2035	$	4,000	$	( 4,000	)	$	( 4,000	)	$	-
October 31, 2015	$	8,000		2036	$	1,600	$	(1,600	)	$	(1,600	)	$	-

Income taxes at the statutory rate are reconciled to reported income tax expense (benefit) as follows:

	2016	2015
Income tax benefit at statutory rate	(20%)	(20%)
Deferred income tax calculation allowance	20%	20%
Reported tax rate	0%	0%

At this time, the Company is unable to determine if it will be able to benefit from its deferred tax asset. There are limitations on the utilization of net operating loss carryforwards, including a requirement that losses be offset against future taxable income, if any. In addition, there are limitations imposed by certain transactions which are deemed to be ownership changes. Accordingly, a valuation allowance has been established for the entire deferred tax asset.

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STOCKHOLDERS' EQUITY

3 Months Ended

Oct. 31, 2015

Stockholders' equity (deficit):

STOCKHOLDERS' EQUITY

5.  Stockholders' Equity

Preferred Stock

The Company is authorized to issue 5,000,000 shares of preferred stock with a par value of $0.001 per share. No shares of preferred stock have been issued or outstanding since Inception (April 1, 2008).

Common Stock

The Company is authorized to issue 100,000,000 shares or common stock with a par value of $0.001 per share.

No shares of common stock were issued during the three months ended October 31, 2015 or 2014.

There were 3,018,000 shares of common stock issued and outstanding at October 31, 2015.

Additional Paid In Capital

During the three months ended October 31, 2015, two shareholders contributed $2,500 each to fund the Company's ongoing activities. The shareholders have not received any equity for these contributions and the contributions are not repayable. Accordingly these contributions have been credited to additional paid in capital. During the three months ended October 31, 2014, capital contributions of $-0- were made to the Company.

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SUBSEQUENT EVENTS

3 Months Ended

Oct. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

6.    Subsequent Events

In accordance with ASC 855, "Subsequent Events", the Company has evaluated subsequent events through the date of issuance of these unaudited financial statements and has determined that it did not have any material recognizable subsequent events to report.

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Nature of Operations and Summary of Significant Accounting Policies (Policies)

3 Months Ended

Oct. 31, 2015

Accounting Policies [Abstract]

Interim Financial Information:

Interim Financial Information: The interim financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") as promulgated in Item 210 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") have been condensed or omitted pursuant to such SEC rules and regulations. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of financial position as of October 31, 2015, results of operations, changes in stockholders' equity (deficit) and cash flows for the three and Three month periods ended October 31, 2015 and 2014, as applicable, have been made. The results for these interim periods are not necessarily indicative of the results for the entire year. The accompanying financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company's Form 10-K.

Development Stage Company

Development Stage Company: The Company is a development stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification and among the additional disclosures required as a development stage company are that its financial statements were identified as those of a development stage company, and that the statements of operations, stockholders' deficit and cash flows disclosed activity since the date of its Inception (April 2, 2008) as a development stage company Although the Company has recognized nominal amounts of revenue, it is still devoting substantially all of its efforts on establishing the business.  All losses accumulated since Inception (April 2, 2008) have been considered as part of the Company's development stage activities.  Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has adopted these provisions and consequently these additional disclosures are not included in these financial statements.

Use of Estimates

Use of Estimates: The preparation of financial statements in conformity with US GAAP requires the Company's management to make estimates and assumptions that affect the amounts of assets and liabilities, the identification and disclosure of impaired assets and contingent liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and Cash Equivalents: The majority of cash is maintained with a major financial institution in the United States.   Generally, these deposits may be redeemed on demand and, therefore, bear minimal risk.  The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Income Taxes

Income Taxes: The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

Revenue Recognition

Revenue Recognition: PhotoAmigo has not commenced operations, is in its development stage, and has not yet generated any revenues from operations. Revenues are expected to be derived principally from subscriptions to our website.

PhotoAmigo will recognize revenue in accordance with the Accounting Standards Codification guidance for, "Revenue Recognition". In all cases, revenue will be recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the amount is reasonably assured. Certain insignificant amounts collected during the development, testing, and implementation phases are recorded as a recovery of development expense.

Deferred revenue will be recorded when amounts are received from customers for future subscriptions. The deferred amounts will be subsequently recognized as income each month based on the pro-rata portion of the prepaid subscription that has been fulfilled.

Income (Loss) Per Share

Income (Loss) Per Share: Basic earnings per share includes no dilution and is computed by dividing net income (or loss) by the weighted- average number of shares outstanding during the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company, assuming the issuance of an equivalent number of common shares pursuant to options, warrants, or convertible debt arrangements. Diluted earnings per share is not shown for periods in which the Company incurs a loss because it would be anti-dilutive. Similarly, potential common stock equivalents are not included in the calculation if the effect would be anti-dilutive. No potentially dilutive debt or equity securities were issued or outstanding during the three and Three month periods ended October 31, 2015 or 2014.

Recent Accounting Pronouncements

Recent Accounting Pronouncements: The Company has reviewed all the recently issued, but not yet effective, accounting pronouncements and does not believe any of these pronouncements will have a material impact on the Company.

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INCOME TAXES (Tables)

3 Months Ended

Oct. 31, 2015

Income Tax Disclosure [Abstract]

Income Tax Valuation

Period Ending	Estimated NOL carry-forward		NOL expires		Estimated tax benefit from NOL		Valuation allowance			Change in valuation allowance			Net tax asset
July 31, 2008	$	86,500		2028	$	17,300	$	(17,300	)	$	(17,300	)	$	-
July 31, 2009	$	36,200		2029	$	6,900	$	(6,900	)	$	(6,900	)	$	-
July 31, 2010	$	25,000		2030	$	3,500	$	(3,500	)	$	(3,500	)	$	-
July 31, 2011	$	30,400		2031	$	4,600	$	(4,600	)	$	(4,600	)	$	-
July 31, 2012	$	22,000		2032	$	4,000	$	(4,000	)	$	(4,000	)	$	-
July 31, 2013	$	17,000		2033	$	3,400	$	(3,400	)	$	(3,400	)	$	-
July 31, 2014	$	21,000		2034	$	4,000	$	(4,000	)	$	(4,000	)	$	-
July 31, 2015	$	21,000		2035	$	4,000	$	( 4,000	)	$	( 4,000	)	$	-
October 31, 2015	$	8,000		2036	$	1,600	$	(1,600	)	$	(1,600	)	$	-

Income Tax Rate

	2016	2015
Income tax benefit at statutory rate	(20%)	(20%)
Deferred income tax calculation allowance	20%	20%
Reported tax rate	0%	0%

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RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Related Party Transactions [Abstract]
Outstanding balance of advances from officer	$ 0	$ (6)
Contributions from related party shareholders and officers	$ 5,000	$ (6)

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INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 31, 2015	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009	Jul. 31, 2008
Income Tax Disclosure [Abstract]
Estimated carry-forward	$ 8,000	$ 21,000	$ 21,000	$ 17,000	$ 22,000	$ 30,400	$ 25,000	$ 36,200	$ 86,500
Carry-forward expires	2036	2035	2034	2033	2032	2031	2030	2029	2028
Estimated tax benefit	$ 1,600	$ 4,000	$ 4,000	$ 3,400	$ 4,400	$ 6,100	$ 5,000	$ 7,200	$ 17,300
Valuation allowance	(1,600)	(4,000)	(4,000)	(3,400)	(4,400)	(6,100)	(5,000)	(7,200)	(17,300)
Change in valuation allowance	$ (1,600)	$ (4,000)	$ (4,000)	$ (3,400)	$ (4,400)	$ (6,100)	$ (5,000)	$ (7,200)	$ (17,300)
Net tax asset

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STOCKHOLDERS' EQUITY (Details Narrative)	3 Months Ended
	Oct. 31, 2015 USD ($)
Stockholders' equity (deficit):
Cash contribution from 3 shareholders	$ 7,500

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INCOME TAXES (Details Narrative2)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Income Tax Disclosure [Abstract]
Income tax benefit at statutory rate	(20.00%)	(20.00%)
Deferred income tax valuation allowance	20.00%	20.00%
Reported tax rate	0.00%	0.00%