U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 Form 10-Q
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Nevada
(State or Other Jurisdiction of Incorporation or Organization)
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6770
(Primary Standard Industrial Classification Number)
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39-2079723
(IRS Employer Identification Number)
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Class
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Outstanding as of August 12, 2015
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Common Stock: $0.001
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35,430,000
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PART 1
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Page |
Item 1
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3 | |
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3 | |
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4 | |
5 | ||
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6 | |
Item 2.
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8 | |
Item 3.
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10 | |
Item 4.
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10 |
PART II.
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11 |
Item 1
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11 | |
Item 1 A | Risk Factors | 11 |
Item 2.
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11 | |
Item 3
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12 | |
Item 4
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12 | |
Item 5
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12 | |
Item 6
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12 |
13 |
June 30,
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December 31,
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|||||||
2015
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2014
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|||||||
ASSETS
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||||||||
Current Assets
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||||||||
Cash
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$
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-
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$
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-
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||||
Total Assets
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$
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-
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$
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-
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||||
LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)
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||||||||
Liabilities
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||||||||
Current Liabilities
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||||||||
Accounts payable and accrued liabilities
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$
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3,693
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$
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351
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||||
Due to related party
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31,817
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17,587
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||||||
Total Liabilities
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35,510
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17,938
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||||||
Stockholders' Equity (Deficit)
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||||||||
Preferred stock, par value $0.001; 50,000,000 shares authorized, zero shares issued and outstanding
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-
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-
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||||||
Common stock, par value $0.001; 150,000,000 shares authorized, 35,430,000 shares issued and outstanding, respectively
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35,430
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35,430
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||||||
Additional paid in capital
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(11,265
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)
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(11,265
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)
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||||
Accumulated deficit
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(59,675
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)
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(42,103
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)
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||||
Total Stockholders' Equity (Deficit)
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(35,510
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)
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(17,938
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)
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||||
Total Liabilities and Stockholders' Equity (Deficit)
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$
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-
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$
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-
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For the three months ended
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For the six months ended
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|||||||||||||||
June 30,
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June 30,
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|||||||||||||||
2015
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2014
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2015
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2014
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|||||||||||||
REVENUES
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$
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-
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$
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-
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$
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-
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$
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-
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||||||||
OPERATING EXPENSES
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||||||||||||||||
Bank fees
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-
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42
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-
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90
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||||||||||||
Business licenses and permits
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-
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-
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-
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189
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||||||||||||
Miscellaneous expenses
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101
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-
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199
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36
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||||||||||||
Professional fees
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6,255
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3,000
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17,373
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7,200
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||||||||||||
TOTAL OPERATING EXPENSES
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6,356
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3,042
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17,572
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7,515
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||||||||||||
LOSS BEFORE INCOME TAX
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(6,356
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)
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(3,042
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)
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(17,572
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)
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(7,515
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)
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||||||||
Income tax provision
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-
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-
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-
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-
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||||||||||||
NET LOSS
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$
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(6,356
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)
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$
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(3,042
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)
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$
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(17,572
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)
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$
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(7,515
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)
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||||
NET LOSS PER SHARE: BASIC AND DILUTED
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$
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(0.00
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)
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$
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(0.00
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)
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$
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(0.00
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)
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$
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(0.00
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)
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||||
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED
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35,430,000
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35,430,000
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35,430,000
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35,430,000
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For the six months ended
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||||||||
June 30,
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||||||||
2015
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2014
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|||||||
CASH FLOWS FROM OPERATING ACTIVITIES
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||||||||
Net loss
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$
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(17,572
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)
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$
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(7,515
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)
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||
Adjustments to reconcile net loss to net cash used in operating activities:
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||||||||
Changes in assets and liabilities:
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||||||||
Accounts payable and accrued liabilities
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3,342
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1,500
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||||||
CASH FLOWS USED IN OPERATING ACTIVITIES
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(14,230
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)
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(6,015
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)
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||||
CASH FLOWS FROM FINANCING ACTIVITIES
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||||||||
Loan from related party
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14,230
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5
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||||||
Loan repayment to previous director
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-
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(70
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)
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|||||
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES
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14,230
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(65
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)
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|||||
NET DECREASE IN CASH
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-
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(6,080
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)
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|||||
Cash, beginning of period
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-
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7,850
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||||||
Cash, end of period
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$
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-
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$
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1,770
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||||
SUPPLEMENTAL CASH FLOW INFORMATION:
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||||||||
Interest paid
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$
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-
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$
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-
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||||
Income taxes paid
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$
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-
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$
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-
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31.1
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32.1
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101.INS
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XBRL Instance Document
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101.SCH
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XBRL Taxonomy Extension Schema Document
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101.CAL
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XBRL Taxonomy Extension Calculation Linkbase Document
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101.DEF
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XBRL Taxonomy Extension Definition Linkbase Document
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101.LAB
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XBRL Taxonomy Extension Label Linkbase Document
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101.PRE
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XBRL Taxonomy Extension Presentation Linkbase Document
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MakingORG, Inc.
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Dated: August 13, 2015
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By: /s/ Juanzi Cui
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Name: Juanzi Cui
President, Chief Executive Officer and Chief Financial Officer (principal executive officer and principal financial and accounting officer)
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Date: August 13, 2015
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By:
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/s/ Juanzi Cui
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Name: Juanzi Cui
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Title: President, Chief Executive Officer, Chief Financial Officer and Director (Principal Executive Officer and Principal Financial and Accounting Officer)
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(1)
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fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
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(2)
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the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.
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Date: August 13, 2015
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By:
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/s/Juanzi Cui
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Name: Juanzi Cui
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Title: President, Chief Executive Officer, Chief Financial Officer and Director (Principal Executive Officer and Principal Financial and Accounting Officer)
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EQUITY |
6 Months Ended |
---|---|
Jun. 30, 2015 | |
Equity [Abstract] | |
EQUITY | NOTE 4 – EQUITY
Preferred Stock
The Company has authorized 50,000,000 preferred shares with a par value of $0.001 per share. As at June 30, 2015 and December 31, 2014, there were no preferred shares issued and outstanding.
Common Stock
The Company has authorized 150,000,000 common shares with a par value of $0.001 per share. As at June 30, 2015 and December 31, 2014, there were 35,430,000 common shares issued and outstanding.
|
DUE TO RELATED PARTY |
6 Months Ended |
---|---|
Jun. 30, 2015 | |
Related Party Transactions [Abstract] | |
DUE TO RELATED PARTY | NOTE 3 – DUE TO RELATED PARTY
In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances were considered temporary in nature and were not formalized by a promissory note.
During the six months ended June 30, 2015, the Company's sole officer advanced to the Company an amount of $14,230 by the way of loan. As at June 30, 2015, the Company was obligated to the officer, for an unsecured, non-interest bearing demand loan with a balance of $31,817.
|
BALANCE SHEETS (Unaudited) - USD ($) |
Jun. 30, 2015 |
Dec. 31, 2014 |
---|---|---|
Current Assets | ||
Cash | ||
Total Assets | ||
Current Liabilities | ||
Accounts payable and accrued liabilities | $ 3,693 | $ 351 |
Due to related party | 31,817 | 17,587 |
Total Liabilities | $ 35,510 | $ 17,938 |
Stockholders' Equity (Deficit) | ||
Preferred stock, par value $0.001; 50,000,000 shares authorized, zero shares issued and outstanding | ||
Common stock, par value $0.001; 150,000,000 shares authorized, 35,430,000 shares issued and outstanding, respectively | $ 35,430 | $ 35,430 |
Additional paid in capital | (11,265) | (11,265) |
Accumulated deficit | (59,675) | (42,103) |
Total Stockholders' Equity (Deficit) | $ (35,510) | $ (17,938) |
Total Liabilities and Stockholders' Equity (Deficit) |
ORGANIZATION AND BASIS OF PRESENTATION |
6 Months Ended |
---|---|
Jun. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND BASIS OF PRESENTATION | NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION
Drimex Inc. was incorporated under the laws of the State of Nevada on August 10, 2012 and was previously in the power sports business. On July 29, 2014, Mr. Juanzi Cui took control of the Company. The Company now intends to open a line of organic food stores or stores-in-stores within the Asian communities in the United States. On August 22, 2014, the Company changed its name to MakingORG, Inc. The trading symbol of the Company is "CQCQ" and the fiscal year end is December 31.
The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10-K, have been omitted.
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GOING CONCERN |
6 Months Ended |
---|---|
Jun. 30, 2015 | |
Going Concern [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN
The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. The Company had no revenues as of June 30, 2015. The Company currently has a working capital deficit, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These conditions raise substantial doubt as to our ability to continue as a going concern.
Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management's efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.
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BALANCE SHEETS (Unaudited) (Parentheticals) - $ / shares |
Jun. 30, 2015 |
Dec. 31, 2014 |
---|---|---|
Statement of Financial Position [Abstract] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 150,000,000 | 150,000,000 |
Common stock, shares issued | 35,430,000 | 35,430,000 |
Common stock, shares outstanding | 35,430,000 | 35,430,000 |
Document and Entity Information - shares |
6 Months Ended | |
---|---|---|
Jun. 30, 2015 |
Aug. 12, 2015 |
|
Document and Entity Information: | ||
Entity Registrant Name | MAKINGORG, INC. | |
Entity Central Index Key | 0001569083 | |
Trading Symbol | cqcq | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 35,430,000 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2015 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q2 |
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STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
|
Income Statement [Abstract] | ||||
REVENUES | ||||
OPERATING EXPENSES | ||||
Bank fees | $ 42 | $ 90 | ||
Business licenses and permits | 189 | |||
Miscellaneous expenses | $ 101 | $ 199 | 36 | |
Professional fees | 6,255 | 3,000 | 17,373 | 7,200 |
TOTAL OPERATING EXPENSES | 6,356 | 3,042 | 17,572 | 7,515 |
LOSS BEFORE INCOME TAX | $ (6,356) | $ (3,042) | $ (17,572) | $ (7,515) |
Income tax provision | ||||
NET LOSS | $ (6,356) | $ (3,042) | $ (17,572) | $ (7,515) |
NET LOSS PER SHARE: BASIC AND DILUTED (in dollars per share) | $ (0.00) | $ (0.00) | $ (0.00) | $ (0.00) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED (in shares) | 35,430,000 | 35,430,000 | 35,430,000 | 35,430,000 |
EQUITY (Detail Textuals) - $ / shares |
Jun. 30, 2015 |
Dec. 31, 2014 |
---|---|---|
Equity [Abstract] | ||
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, shares authorized | 150,000,000 | 150,000,000 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares issued | 35,430,000 | 35,430,000 |
Common stock, shares outstanding | 35,430,000 | 35,430,000 |
DUE TO RELATED PARTY (Detail Textuals) - USD ($) |
6 Months Ended | ||
---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Dec. 31, 2014 |
|
Related Party Transactions [Abstract] | |||
Loan from related party | $ 14,230 | $ 5 | |
Due to related party | $ 31,817 | $ 17,587 |
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net loss | $ (6,356) | $ (3,042) | $ (17,572) | $ (7,515) |
Changes in assets and liabilities: | ||||
Accounts payable and accrued liabilities | 3,342 | 1,500 | ||
CASH FLOWS USED IN OPERATING ACTIVITIES | (14,230) | (6,015) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Loan from related party | 14,230 | 5 | ||
Loan repayment to previous director | (70) | |||
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES | $ 14,230 | (65) | ||
NET DECREASE IN CASH | (6,080) | |||
Cash, beginning of period | 7,850 | |||
Cash, end of period | $ 1,770 | $ 1,770 | ||
SUPPLEMENTAL CASH FLOW INFORMATION: | ||||
Interest paid | ||||
Income taxes paid |
COMMITMENTS AND CONTINGENCIES |
6 Months Ended |
---|---|
Jun. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 5 – COMMITMENTS AND CONTINGENCIES
The Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.
|