0001683168-17-001192.txt : 20170512 0001683168-17-001192.hdr.sgml : 20170512 20170512160556 ACCESSION NUMBER: 0001683168-17-001192 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 33 CONFORMED PERIOD OF REPORT: 20170331 FILED AS OF DATE: 20170512 DATE AS OF CHANGE: 20170512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RC-1, Inc. CENTRAL INDEX KEY: 0001665598 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-RACING, INCLUDING TRACK OPERATION [7948] IRS NUMBER: 463007571 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-210960 FILM NUMBER: 17838565 BUSINESS ADDRESS: STREET 1: PO BOX 12589 CITY: NEWPORT BEACH STATE: CA ZIP: 92658 BUSINESS PHONE: 949-721-1225 MAIL ADDRESS: STREET 1: PO BOX 12589 CITY: NEWPORT BEACH STATE: CA ZIP: 92658 10-Q 1 rc1_10q-033117.htm FORM 10-Q

 

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended March 31, 2017

 

o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

 

For the transition period from ______________ to _____________

 

Commission file number 333-210960

 

RC-1, INC.

(Exact name of small business issuer as specified in its charter)

 

Nevada 26-1449268
(State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.)

 

110 Sunrise Center Drive

Thomasville, NC 27360

(Address of principal executive offices)

 

800.348.2870

(Issuer’s telephone number)

 

_______________________________________________

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

 

Check whether the issues (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 x No o

 

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 x No o

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one)

 

  Large accelerated filer  o Accelerated filer  o
  Non-accelerated filer  o Smaller reporting company  x
  Emerging growth company  o  

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

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

 

There were 7,929,581 shares of the registrant’s common stock, $0.001 par value per share, outstanding on March 31, 2017.

 

 

 
 

 

RC-1, INC.

 

TABLE OF CONTENTS

 

      Page
       
Part I – FINANCIAL INFORMATION 3
     
  Item 1. Condensed Financial Statements: 3
       
    Condensed Balance Sheets at March 31, 2017 and December 31, 2016 (unaudited) 3
       
    Condensed Statements of Operations for the three period ended March 31, 2017 and 2016 (unaudited) 4
       
    Condensed Statements of Cash Flows for the three month period ended March 31, 2017 (unaudited) 5
       
    Notes to Condensed Financial Statements (unaudited) 6
       
  Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 10
       
  Item 3. Quantitative and Qualitative Disclosures About Market Risk 15
       
  Item 4. Controls and Procedures 15
       
Part II – OTHER INFORMATION 17
       
  Item 1.  Legal Proceedings 17
       
  Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds 17
       
  Item 3. Defaults Upon Senior Security 17
       
  Item 4. Mine Safety Disclosures 17
       
  Item 5. Other Information 17
       
  Item 6. Exhibits 17
       
    Signatures 18

 

 

 

 

 2 

 

 

PART I – FINANCIAL INFORMATION

 

ITEM 1. Financial Statements

 

RC-1, Inc.

CONDENSED BALANCE SHEETS

(UNAUDITED)

 

   March 31,   December 31, 
   2017   2016 
ASSETS        
         
Current assets          
Cash  $29,568   $49,900 
Accounts receivable - related party       15,000 
Total current assets   29,568    64,900 
           
Fixed assets - net   86,667    96,667 
           
Total Assets  $116,235   $161,567 
           
           
LIABILITIES & STOCKHOLDERS' DEFICIT          
           
Current liabilities          
           
Accounts payable  $22,478   $27,478 
Accrued liabilities - related party   195,000    196,302 
Line of credit   75,000    75,000 
Due to related parties   471,811    515,811 
Accrued interest payable   24,293    22,418 
Accrued interest - related parties   94,650    85,394 
Total current liabilities   883,232    922,403 
           
Total Liabilities   883,232    922,403 
           
Stockholders' Deficit          
Preferred stock, $.001 par value; 10,000,000 shares authorized; no shares issued and outstanding            
Common stock, $.0001 par value; 190,000,000 shares authorized; 7,929,581 shares issued and outstanding     792       792  
Additional paid in capital   2,244,829    2,244,829 
Accumulated deficit   (3,012,618)   (3,006,457)
Total Stockholders' Deficit   (766,997)   (760,836)
           
Total Liabilities and Stockholders' Deficit  $116,235   $161,567 

 

 

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

 

 

 

 3 

 

 

RC-1, Inc.

CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

 

 

   Three Months Ended 
   March 31,   March 31, 
   2017   2016 
         
Revenues          
Consulting fees  $35,000   $ 
Consulting fees - related party   4,000     
    39,000     
Cost of revenues        
Gross Profit   39,000     
           
Operating expenses:          
Consulting        
Consulting - related parties   15,000    15,000 
General and administrative   10,030    10,000 
Professional fees   9,000    3,000 
    34,030    28,000 
           
Gain (loss) from operations   4,970    (28,000)
           
Other income (expense):          
Interest expense - unrelated parties   (1,875)   (1,875)
Interest expense - related parties   (9,256)   (8,239)
    (11,131)   (10,114)
           
Income (loss) before provision for income taxes     (6,161 )     (38,114 )
Provision for income tax        
           
Net income (loss)  $(6,161)  $(38,114)
           
Net income (loss) per share          
(Basic and fully diluted)  $(0.00)  $(0.00)
           
Weighted average number of          
common shares outstanding   7,929,581    7,929,581 

 

* denotes a loss of less than $(.01) per share.

 

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

 

 

 4 

 

RC-1, Inc.

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

 

   Three Months Ended 
   March 31, 2017   March 31, 2016 
Cash Flows From Operating Activities:          
Net income (loss)  $(6,161)  $(38,114)
           
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:                  
Amortization & depreciation   10,000    10,000 
Decrease in accounts receivable   15,000     
Increase (Decrease) in accounts payable   (6,302)   15,000 
Increase in accrued interest   11,131    10,114 
           
Net cash provided by (used for) operating activities     23,668       (3,000 )
           
Cash Flows From Investing Activities:        
           
Cash Flows From Financing Activities:          
Proceeds from related party lines of credit   40,500    50,500 
Payments on related party lines of credit   (84,500)   (45,000)
           
Net cash provided by (used for) financing activities     (44,000 )     5,500  
           
Net Increase (Decrease) In Cash   (20,332)   2,500 
           
Cash At The Beginning Of The Period   49,900    49,118 
           
Cash At The End Of The Period  $29,568   $51,618 
           
           
Schedule Of Non-Cash Investing And Financing Activities          
           
Common stock issued for services  $   $ 
Debt converted to capital  $   $ 
Deposits on licensing rights  $   $ 
Assets acquired with debt  $   $ 
           
Supplemental Disclosure          
Cash paid for interest  $   $ 
Cash paid for income taxes  $   $ 

 

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

 

 

 

 5 

 

RC-1, Inc.

NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited)

For the Three Ended March 31, 2017 and 2016

 

 

 

NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS OPERATIONS

 

RC-1, Inc. (the “Company”), was incorporated in the State of Nevada on May 14, 2009. The Company is currently considered to be in the development stage, and has generated only limited revenues from its activities in the racing business. R-Course Promotions, LLC was formed in the State of California on October 30, 2007. On June 1, 2009, in a merger classified as a transaction between parties under common control, the sole membership interest owner in R-Course Promotions, LLC exchanged 125,000 membership interests for 1,786 common shares in RC-1, Inc. Subsequent to the consummation of the merger, R-Course Promotions, LLC ceased to exist. The results of operations of RC-1, Inc. and R-Course Promotions, LLC have been combined from October 30, 2007 forward through the date of merger.

 

The Company is a motorsports marketing business focused primary in road racing events in North America utilizing NASCAR type competition equipment.

 

 

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation

 

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

 

Interim Financial Statements

 

The accompanying condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to form 10Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In our opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2017. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2016 filed with the SEC.

  

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash and cash equivalents

 

The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. The Company maintains cash with a commercial bank. The deposits are made with a reputable financial institution and the Company does not anticipate realizing any losses from these deposits.

 

Property and equipment

 

Property and equipment are recorded at cost and depreciated under the straight line method over each item's estimated useful life. The Company uses a 5 year life for racecars and equipment, 7 years for furniture and fixtures.

 

 

 

 6 

 

 

Financial Instruments

 

The Company measures its financial assets and liabilities in accordance with the requirements of FASB ASC 825 “Financial Instruments”. The carrying values of its accounts payable, note payable (current portion), line of credit, accrued expenses, and other current liabilities approximate fair value due to the short-term maturities of these instruments.

 

Revenue recognition

 

The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.

 

The majority of revenues are from consulting services provided at events which range from one day to one week in length. The Company also earns revenues from entering their race cars into events whereby there is a money purse for finishing positions. The revenues from these events are recognized upon completion of the contracted services. In the event that the Company’s revenues are for services provided under contracts greater than one month in length, the contracts will be billed in total at the onset of the contact period, and to the extent that billings exceed revenue earned, the Company will record such amount as deferred revenue until the revenue is earned. We recognize revenue on these contracts in the period the services are provided under the contract. Expenses associated with providing the services are recognized in the period the services are provided which coincides with when the revenue is earned.

 

Net income (loss) per share

 

The Company utilizes FASB ASC 260, “Earnings per Share.” Basic earnings per share is computed by dividing earnings (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include additional common share equivalents available upon exercise of stock options and warrants using the treasury stock method. Dilutive common share equivalents include the dilutive effect of in-the-money share equivalents, which are calculated based on the average share price for each period using the treasury stock method, excluding any common share equivalents if their effect would be anti-dilutive. For the three months ended March 31, 2017 and 2016 there were no potentially dilutive shares.

 

Products and services, geographic areas and major customers

 

The Company earns revenue from race purses, race event consulting and the occasional sale of racecars, but does not separate sales from different activities into operating segments.

   

Concentrations of debt financing

 

The Company has line of credit agreements with companies owned and operated by the Company’s CEO and majority shareholder. Outstanding principal on these lines of credit account for 86.3% of the Company line of credit balances at March 31, 2017. See Note 6 for further discussion of line of credit terms and relationships.

 

Stock based compensation

 

The Company accounts for employee and non-employee stock awards under FASB ASC 718, “Compensation – Stock Compensation”, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.

 

Recent Accounting Pronouncements

 

Management does not believe that any recently issued, but not yet effective, accounting standards, if adopted, will have a material effect on our financial statements.

 

 

 

 7 

 

 

NOTE 3. GOING CONCERN

 

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company's ability to continue as a going concern is contingent upon its ability to achieve and maintain profitable operations, and the Company’s ability to raise additional capital as required.

  

These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

 

 

NOTE 4. LINES OF CREDIT

  

   March 31,
2017
   December 31,
2016
 
TVP Investments, LLC  $75,000   $75,000 
Less: current portion   (75,000)   (75,000)
Long-term portion  $   $ 

 

On October 15, 2012, the Company entered into a revolving line of credit agreement with TVP Investments, LLC, a Georgia Limited Liability Company in the amount up to $500,000. The line of credit is unsecured, bears interest of 10% and has a maturity date of October 15, 2017. As of March 31, 2017, and December 31, 2016, the balance of the line of credit was $75,000. As of March 31, 2017, and December 31, 2016, the Company had accrued interest on this line of credit in the amounts of $24,293 and $22,418, respectively.

 

The Company has a business line of credit up to $3,000 with Well Fargo bank. The line of credit is unsecured with a variable interest rate of approximately 18.0%. The balance owed as of March 31, 2017 and December 31, 2016 was zero.

 

 

NOTE 5. STOCKHOLDERS’ EQUITY

 

There are 10,000,000 shares of preferred stock authorized with a $.001 par value, none of which are outstanding.

 

There are 190,000,000 shares of common stock authorized with a par value of $.0001 per share.

 

There were no issuances of preferred or common stock during the three months ended March 31, 2017.

 

During January 2017, the Company entered into a 36-month warehouse lease with Rick Ware Leasing, LLC, payable in 1,200,000 shares of the Company’s common stock (400,000 shares annually).

 

  

NOTE 6. RELATED PARTY TRANSACTIONS

 

Consulting expense to related parties

 

On January 1, 2015, the Company extended for three years a previous consulting agreement with a company owned and operated by the CEO and majority shareholder to provide consulting services in the motor sports marketing industry. The consulting agreement requires a $5,000 monthly fee and can be terminated by either party pursuant to a 60 day notice. As of March 31, 2017, and December 31, 2016, the Company had an accrued payable balance due to this related party of $195,000 and $180,000, respectively. During the three months ended March 31, 2017 and 2016, the Company incurred related party consulting expense of $15,000 respectively.

 

 

 

 8 

 

 

Due to related parties

 

On October 1, 2009, the Company entered into a line of credit agreement for up to $600,000 with a related party owned and operated by the CEO and majority shareholder that also provides motor sports marketing industry consulting services to the Company as needed. Under the agreement, the Company receives operating fund advances and reimbursement for expenses incurred on behalf of the Company. The loan bears interest at eight percent (8%) per annum. As of March 31, 2017, and December 31, 2016, the Company owed $222,164 and $183,164, respectively, in operating advances to this related party. As of March 31, 2017, and December 31, 2016, the Company had accrued interest on this line of credit in the amounts of $22,055 and $18,354, respectively.

   

On August 5, 2013, the Company entered into a line of credit agreement for up to $500,000 with a related party owned and operated by the CEO and majority shareholder. Under the agreement, the Company receives operating fund advances and reimbursement for expenses incurred on behalf of the Company. As of March 31, 2017, and December 31, 2016, the Company owed $249,647 and $332,647, respectively, in operating advances to this related party. As of March 31, 2017, and December 31, 2016, the Company had accrued interest on this line of credit in the amounts of $72,595 and 67,040, respectively.

 

 

 

 

 

 

 9 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

FORWARD-LOOKING STATEMENT NOTICE

 

This Form 10-Q contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose any statements contained in this Form 10-Q that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate” or “continue” or comparable terminology are intended to identify forward-looking statements.  These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially depending on a variety of factors, many of which are not within our control.  These factors include but are not limited to economic conditions generally and in the industries in which we may participate; competition within our chosen industry, including competition from much larger competitors; technological advances and failure to successfully develop business relationships.

 

Overview

 

This section contains forward-looking statements that involve risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date that they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

The following discussion should be read in conjunction with the financial statements and notes thereto included herein.

 

We are a small auto competition and event management business that has participated primarily in NASCAR and IMSA sanctioned events.  We utilize our racecars to provide marketing and branding services to client advertisers desiring to use our racecars to market their product or service by having our vehicles carry their corporate brand. We have conducted limited operations to date.

  

Election under JOBS Act of 2012

 

The Company has chosen to opt-in and make use of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act of 2012. This election is irrevocable. If we choose to adopt any accounting standard on the public company time frame we would be required to adopt all subsequent accounting standards on the public company time frame.

 

Jumpstart Our Business Startups Act

 

In April, 2012, the Jumpstart Our Business Startups Act ("JOBS Act") was enacted into law. The JOBS Act provides, among other things:

 

Exemptions for emerging growth companies from certain financial disclosure and governance requirements for up to five years and provides a new form of financing to small companies;

 

Amendments to certain provisions of the federal securities laws to simplify the sale of securities and increase the threshold number of record holders required to trigger the reporting requirements of the Securities Exchange Act of 1934;

 

Relaxation of the general solicitation and general advertising prohibition for Rule 506 offerings; 

 

Adoption of a new exemption for public offerings of securities in amounts not exceeding $50 million; and Exemption from registration by a non-reporting company of offers and sales of securities of up to $1,000,000 that comply with rules to be adopted by the SEC pursuant to Section 4(6) of the Securities Act and exemption of such sales from state law registration, documentation or offering requirements.

 

In general, under the JOBS Act a company is an emerging growth company if its initial public offering ("IPO") of common equity securities was affected after December 8, 2011 and the company had less than $1 billion of total annual gross revenues during its last completed fiscal year. A company will no longer qualify as an emerging growth company after the earliest of

 

 

 

 10 

 

 

(i) The completion of the fiscal year in which the company has total annual gross revenues of $1 billion or more;

 

(ii) The completion of the fiscal year of the fifth anniversary of the company's IPO;

 

(iii) The company's issuance of more than $1 billion in nonconvertible debt in the prior three-year period; or

 

(iv) The company becoming a "larger accelerated filer" as defined under the Securities Exchange Act of 1934.

 

 

The JOBS Act provides additional new guidelines and exemptions for non-reporting companies and for non-public offerings. Those exemptions that impact the Company are discussed below.

 

Financial Disclosure. The financial disclosure in a registration statement filed by an emerging growth company pursuant to the Securities Act of 1933 will differ from registration statements filed by other companies as follows:

 

(i) Audited financial statements required for only two fiscal years;

 

(ii) Selected financial data required for only the fiscal years that were audited;

 

(iii) Executive compensation only needs to be presented in the limited format now required for smaller reporting companies. (A smaller reporting company is one with a public float of less than $75 million as of the last day of its most recently completed second fiscal quarter)

 

However, the requirements for financial disclosure provided by Regulation S-K promulgated by the Rules and Regulations of the SEC already provide certain of these exemptions for smaller reporting companies. The Company is a smaller reporting company. Currently a smaller reporting company is not required to file as part of its registration statement selected financial data and only needs audited financial statements for its two most current fiscal years and no tabular disclosure of contractual obligations.

  

The JOBS Act also exempts the Company's independent registered public accounting firm from complying with any rules adopted by the Public Company Accounting Oversight Board ("PCAOB") after the date of the JOBS Act's enactment, except as otherwise required by SEC rule.

 

The JOBS Act also exempts an emerging growth company from any requirement adopted by the PCAOB for mandatory rotation of the Company's accounting firm or for a supplemental auditor report about the audit.

 

Internal Control Attestation. The JOBS Act also provides an exemption from the requirement of the Company's independent registered public accounting firm to file a report on the Company's internal control over financial reporting, although management of the Company is still required to file its report on the adequacy of the Company's internal control over financial reporting.

 

Section 102(a) of the JOBS Act exempts emerging growth companies from the requirements in §14A(e) of the Securities Exchange Act of 1934 for companies with a class of securities registered under the 1934 Act to hold shareholder votes for executive compensation and golden parachutes.

 

Other Items of the JOBS Act. The JOBS Act also provides that an emerging growth company can communicate with potential investors that are qualified institutional buyers or institutions that are accredited to determine interest in a contemplated offering either prior to or after the date of filing the respective registration statement. The Act also permits research reports by a broker or dealer about an emerging growth company regardless if such report provides sufficient information for an investment decision. In addition the JOBS Act precludes the SEC and FINRA from adopting certain restrictive rules or regulations regarding brokers, dealers and potential investors, communications with management and distribution of a research reports on the emerging growth company IPO. 

 

 

 

 11 

 

 

Section 106 of the JOBS Act permits emerging growth companies to submit 1933 Act registration statements on a confidential basis provided that the registration statement and all amendments are publicly filed at least 21 days before the issuer conducts any road show. This is intended to allow the emerging growth company to explore the IPO option without disclosing to the market the fact that it is seeking to go public or disclosing the information contained in its registration statement until the company is ready to conduct a roadshow.

 

Election to Opt Out of Transition Period. Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a 1933 Act registration statement declared effective or do not have a class of securities registered under the 1934 Act) are required to comply with the new or revised financial accounting standard.

 

The JOBS Act provides a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of the transition period and will “opt-in” and make use of the transitional period.

 

Off-balance sheet arrangements

 

The Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the Company’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Company is a party, under which the Company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.

 

Significant Accounting Policies

 

Our financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Note 1 of the Notes to Consolidated Financial Statements describes the significant accounting policies used in the preparation of the consolidated financial statements. Certain of these significant accounting policies are considered to be critical accounting policies, as defined below.

 

A critical accounting policy is defined as one that is both material to the presentation of our financial statements and requires management to make difficult, subjective or complex judgments that could have a material effect on our financial condition and results of operations. Specifically, critical accounting estimates have the following attributes: 1) we are required to make assumptions about matters that are highly uncertain at the time of the estimate; and 2) different estimates we could reasonably have used, or changes in the estimate that are reasonably likely to occur, would have a material effect on our financial condition or results of operations.

  

Estimates and assumptions about future events and their effects cannot be determined with certainty. We base our estimates on historical experience and on various other assumptions believed to be applicable and reasonable under the circumstances. These estimates may change as new events occur, as additional information is obtained and as our operating environment changes. These changes have historically been minor and have been included in the consolidated financial statements as soon as they became known. Based on a critical assessment of our accounting policies and the underlying judgments and uncertainties affecting the application of those policies, management believes that our consolidated financial statements are fairly stated in accordance with accounting principles generally accepted in the United States, and present a meaningful presentation of our financial condition and results of operations. We believe the following critical accounting policies reflect our more significant estimates and assumptions used in the preparation of our consolidated financial statements:

 

Use of Estimates – These financial statements have been prepared in accordance with accounting principles generally accepted in the United States and, accordingly, require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Specifically, our management has estimated the expected economic life and value of our licensed technology, our net operating loss for tax purposes and our stock, option and warrant expenses related to compensation to employees and directors, consultants and investment banks. Actual results could differ from those estimates.

 

 

 

 12 

 

 

Cash and Equivalents – We maintain our cash in bank deposit accounts, which at times, may exceed federally insured limits. We have not experienced any losses in such account.

 

Revenue Recognition – The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company will recognize revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.

 

The majority of revenues are from consulting services provided at events which range from one day to one week in length. The revenues from these events are recognized upon completion of the contracted services. In the event that the Company’s revenues are for services provided under contracts greater than one month in length, the contracts will be billed in total at the onset of the contact period, and to the extent that billings exceed revenue earned, the Company will record such amount as deferred revenue until the revenue is earned. We recognize revenue on these contracts in the period the services are provided under the contract. Expenses associated with providing the services are recognized in the period the services are provided which coincides with when the revenue is earned.

 

Our revenues, to date, has been derived from advertising, and from race purses. Revenue is recognized on an accrual basis as earned under contract terms. The $15,000 earned in related party revenue was part of business development and administrative services provided by the company and Mr. O’Connell.

 

Property and equipmentProperty and equipment are recorded at cost and depreciated under the straight line method over each item's estimated useful life. The Company uses a 5 year life for racecars and equipment, 7 years for furniture and fixtures.

 

Intangible and Long-Lived Assets We follow FASB ASC 360-10-35 which has established a "primary asset" approach to determine the cash flow estimation period for a group of assets and liabilities that represents the unit of accounting for a long lived asset to be held and used. Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. During the period ended December 31, 2006 no impairment losses were recognized.

 

Stock Based Compensation We recognize expenses for stock-based compensation arrangements in accordance with provisions of Accounting Standards Codification 714. Accordingly, compensation cost is recognized for the excess of the estimated fair value of the stock at the grant date over the exercise price, if any. For equity instruments issued to non-employees, the estimated fair value of the equity instrument is recorded on the earlier of the performance commitment date or the date the services required are completed.

  

Plan of Operations

 

RC-1, Inc. (the “Company”), was incorporated in the State of Nevada on May 14, 2009. The Company is a motorsports marketing business focused primary in road racing events in North America utilizing NASCAR type competition equipment. The Company is currently considered to be in the development stage, and has generated only limited revenues from its activities in the racing business.

 

We will continue to focus in “Road Racing” motorsports events organized by several motorsports sanctioning bodies such as The National Association for Stock Car Auto Racing ("NASCAR"), and The International Motorsports Association ("IMSA") and the Sports Car Vintage Racing Association (SVRA.

 

In addition, we intend to continue to compete in the Toyota Southwest Superlate Model Series, SVRA and the GAAS series in an effort to promote our business and brand in the western United States.

 

 

 

 13 

 

 

Going Concern

 

As of December 31, 2016, RC-1, Inc. had an accumulated deficit of $3,006,457. Also, during the year ended December 31, 2016, we used net cash of $55,293 for operating activities. These factors raise substantial doubt about our ability to continue as a going concern.

 

Management expects to raise $300,000 in capital through the issuance of debt and equity and believes it will be able to raise sufficient capital over the next twelve months to finance operations. However, there can be no assurances that the Company will be successful in this regard or will be able to eliminate its operating losses. The accompanying financial statements do not contain any adjustments which may be required as a result of this uncertainty.

 

Expected management estimates for the cost of operating the business through March 31, 2018 will require additional capital of up to Three Hundred Thousand dollars ($300,000) consisting of: $20,000 for registration and licenses required for entry in sanctioned racing events; $20,000 for travel and lodging; $20,000 for marketing and branding; $30,000 for legal and accounting; $15,000 for engineers and consultants; $15,000 for parts, $90,000 for engine and transmission leases. $50,000 for fuels and tires; $10,000 for racecar transporter travel; $20,000 for debt service of all Company notes payable; and $10,000 in airfare and rental cars.

 

The Company has no outstanding payments due for the lease of race cars at this time.

 

The Company intends to hold discussions with existing shareholders, new prospective shareholders and various lenders in pursuing the capital we need for the upcoming twelve months of operations. Additionally, the Company may elect to draw down additional proceeds from its line of credit with General Pacific Partners, LLC and TVP Investments, LLC, Inc. There can be no assurance that we will be able to raise any additional equity or debt capital.

 

The Company’s capital requirements consist of general working capital needs, scheduled principal and interest payments on debt when required, obligations, and capital expenditures. The Company’s capital resources consist primarily of cash generated from proceeds through the issuances of common stock. At December 31, 2016, the company had cash of approximately $50,000.

 

Result of Operations

 

Three Months Ended March 31, 2017 Compared to Three Months Ended March 31, 2016 

 

Revenues

 

The Company recognized $39,000 revenue during the three months ended March 31, 2016 and no revenue for the same period in 2016. Related party revenue of $4,000 was part of the total of $39,000.

 

Operating Expenses

 

For the three months ended March 31, 2017 operating expenses were ($34,030) compared to ($28,000) in 2016 for an increase of $6,030. The increase in professional fees to $9,000 from $3,000 for a difference of 6,000 was related to year ended 2016 filings and related preparatory work. General and administrative expenses remained the same for the period.

 

Interest and Financing Costs

 

Interest was ($11,131) for the three months ended March 31, 2017 compared to ($10,114) in the three months ended March 31, 2016. The company had $883,232 in current liabilities during the three months ended March 31, 2017.

 

Net Income (Loss)

 

The Company incurred losses of ($6,161) in the three months ended March 31, 2017 compared to ($38,114) during the three months ended March 31, 2016, due to the factors discussed above. The decrease in the loss due to an increase in consulting revenue for the period.

 

 

 14 

 

 

LIQUIDITY AND CAPITAL RESOURCES

 

The company had $29,568 in cash at March 31, 2017 with a working capital deficit of ($766,997). As of December 31, 2016, the Company had cash of $49,900 with a working capital deficit of ($760,836).

 

Cash Flows for the three Months Ended March 31, 2017 Compared to the Three Months Ended March 31, 2016.

 

Operating activities

 

During the three months ended March 31, 2017, we used $23,668 in operating activities compared to ($3,000) during the three months ended March 31, 2016, an increase of ($20,668). The increase between the two periods was largely due to an increase in account receivable during the period.

 

Investing activities

 

We neither generated nor used cash flow in investing activities during the three months ended March 31, 2017 or 2016.

 

Financing activities

 

During the three months ended March 31, 2017, we generated ($44,000) from financing activities compared to $5,500 during the three months ended March 31, 2016. During the three months ended March 31, 2017, we received $40,500 from a line of credit from related party.

 

ITEM 3. Quantitative and Qualitative Disclosures about Market Risk.

 

As a “smaller reporting company,” we are not required to provide the information under this Item 3.

 

ITEM 4. Controls and Procedures

 

Evaluation of disclosure controls and procedures

 

Based upon an evaluation of the effectiveness of our disclosure controls and procedures performed by our Chief Executive Officer as of the end of the period covered by this report, our Chief Executive Officer concluded that our disclosure controls and procedures have not been effective as a result of a weakness in the design of internal control over financial reporting identified below.

 

As used herein, “disclosure controls and procedures” mean controls and other procedures of our company that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

Management’s Report on Internal Control over Financial Reporting

 

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). The Company’s internal control over financial reporting is a process designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial reporting and the preparation of the financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.

 

 

 

 15 

 

Our internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect on the financial statements.

 

This quarterly report does not include an attestation report of our registered independent public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered independent public accounting firm.

 

Changes in Internal Control Over Financial Reporting

 

No changes in our internal control over financial reporting occurred during the three months ended March 31, 2017 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 

 

 

 

 

 16 

 

PART II – OTHER INFORMATION

 

ITEM 1. Legal Proceedings

 

We know of no material, existing or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceeding or material pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our company.

 

 

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

 

During the three months ended March 31, 2017, there were no sale of shares of the Company's common stock.

 

 

ITEM 3. Default Upon Senior Securities

 

During the three months ended March 31, 2017, the Company had no senior securities issued and outstanding.

 

 

ITEM 4. Mine Safety Disclosures

 

Not applicable to our Company.

 

 

ITEM 5. Other Information

 

None.

 

ITEM 6. Exhibits

 

Copies of the following documents are included as exhibits to this report pursuant to Item 601 of Regulation S-K

 

SEC Ref. No.   Title of Document
31.1*   Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2*   Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1*   Certification of the Principal Executive Officer pursuant to U.S.C. pursuant to Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2*   Certification of the Principal Financial Officer pursuant to U.S.C. pursuant to Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*   XBRL Instance Document
101.SCH*   XBRL Schema Document
101.CAL*   XBRL Calculation Linkbase Document
101.DEF*   XBRL Definition Linkbase Document
101.LAB*   XBRL Label Linkbase Document
101.PRE*   XBRL Presentation Linkbase Document

 

*   Filed herewith.

 

 

 

 

 

 

 

 

 

 

 

 17 

 

SIGNATURES

  

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

 

 

RC-1, Inc.

 

May 12, 2017

 

By: /s/ Kevin O'Connell

Kevin O'Connell

Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 18 

 

EX-31.1 2 rc1_10q-ex3101.htm CERTIFICATION

Exhibit 31.1

 

CERTIFICATIONS PURSUANT TO

SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

 

CERTIFICATION

 

I, Kevin O'Connell, certify that:

 

1. I have reviewed this Quarterly Report on Form 10-Q of RC-1, Inc., Inc. for the three month period ended March 31, 2017.

 

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.

 

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.

 

May 12, 2017

 

/s/ Kevin O'Connell                            

Name:  Kevin O'Connell

Its:  Chief Executive Officer (Principal Executive Officer)

 

 

EX-31.2 3 rc1_10q-ex3102.htm CERTIFICATION

Exhibit 31.2

 

SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

CERTIFICATION

 

I, Rayna Austin, certify that:

 

1. I have reviewed this Quarterly Report on Form 10-Q of RC-1, Inc. for the three month period ended March 31, 2017.

 

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.

 

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.

 

May 12, 2017

 

/s/  Rayna Austin                            

Name: Rayna Austin
Its: Principal Financial Officer

 

EX-32.1 4 rc1_10q-ex3201.htm CERTIFICATION

Exhibit 32.1

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of RC-1, Inc. (the “Company”) on Form 10-Q, for the three month period ended March 31, 2017 as filed with the Securities and Exchange Commission, I, Kevin O'Connell, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

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

 

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

 

May 12, 2017

 

/s/   Kevin O'Connell                            

Name:  Kevin O'Connell

Its:  Chief Executive Officer (Principal Executive Officer)

 

EX-32.2 5 rc1_10q-ex3202.htm CERTIFICATION

Exhibit 32.2

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of RC-1, Inc. (the “Company”) on Form 10-Q, for the three month period ended March 31, 2017 as filed with the Securities and Exchange Commission, I, Rayna Austin, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

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

 

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

 

May 12, 2017

 

/s/   Rayna Austin                            

Name: Rayna Austin

Its: Principal Financial Officer

EX-101.INS 6 rccc-20170331.xml XBRL INSTANCE FILE 0001665598 2017-01-01 2017-03-31 0001665598 2017-03-31 0001665598 2016-12-31 0001665598 2016-01-01 2016-03-31 0001665598 2015-12-31 0001665598 2016-03-31 0001665598 RCCC:RacecarsAndEquipmentMember 2017-01-01 2017-03-31 0001665598 us-gaap:FurnitureAndFixturesMember 2017-01-01 2017-03-31 0001665598 RCCC:TVPInvestmentsMember 2017-01-01 2017-03-31 0001665598 RCCC:TVPInvestmentsMember 2017-03-31 0001665598 RCCC:WellsFargoMember 2017-01-01 2017-03-31 0001665598 RCCC:WellsFargoMember 2017-03-31 0001665598 RCCC:TVPInvestmentsMember 2016-12-31 0001665598 RCCC:WellsFargoMember 2016-12-31 0001665598 RCCC:ConsultingAgreementMember RCCC:CEOMember 2017-01-01 2017-03-31 0001665598 RCCC:ConsultingAgreementMember RCCC:CEOMember 2016-01-01 2016-03-31 0001665598 RCCC:ConsultingAgreementMember RCCC:CEOMember 2017-03-31 0001665598 RCCC:ConsultingAgreementMember RCCC:CEOMember 2016-12-31 0001665598 us-gaap:LineOfCreditMember RCCC:CEOMember 2017-01-01 2017-03-31 0001665598 us-gaap:LineOfCreditMember RCCC:CEOMember 2017-03-31 0001665598 us-gaap:LineOfCreditMember RCCC:CEOMember 2016-12-31 0001665598 RCCC:LineOfCredit2Member RCCC:CEOMember 2017-01-01 2017-03-31 0001665598 RCCC:LineOfCredit2Member RCCC:CEOMember 2017-03-31 0001665598 RCCC:LineOfCredit2Member RCCC:CEOMember 2016-12-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure RC-1, Inc. 0001665598 10-Q 2017-03-31 false --12-31 No No Yes Smaller Reporting Company Q1 2017 7929581 29568 49900 49118 51618 29568 64900 86667 96667 116235 161567 22478 27478 195000 196302 195000 180000 75000 75000 75000 75000 471811 515811 222164 183164 249647 332647 24293 22418 94650 85394 222055 18354 72595 67040 883232 922403 861134 719976 0 0 792 792 2244829 2244829 -3012618 -3006457 -766997 -760836 116235 161567 .0010 0.0010 10000000 10000000 0 0 0 0 .0001 0.0001 190000000 190000000 7929581 7929581 7929581 7929581 39000 0 0 0 39000 0 0 0 10030 10000 9000 3000 34030 28000 4970 -28000 1875 1875 -11131 -10114 -6161 -38114 0 0 -6161 -38114 0.00 0.00 7929581 7929581 -6302 15000 11131 10114 23668 -3000 40500 50500 84500 45000 -44000 5500 -20332 2500 0 0 0 0 9256 8239 0 15000 4000 0 35000 0 15000 15000 15000 15000 10000 10000 -15000 0 0 0 0 0 0 0 0 0 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">RC-1, Inc. (the &#8220;Company&#8221;), was incorporated in the State of Nevada on May 14, 2009. The Company is currently considered to be in the development stage, and has generated only limited revenues from its activities in the racing business. R-Course Promotions, LLC was formed in the State of California on October 30, 2007. On June 1, 2009, in a merger classified as a transaction between parties under common control, the sole membership interest owner in R-Course Promotions, LLC exchanged 125,000 membership interests for 1,786 common shares in RC-1, Inc. Subsequent to the consummation of the merger, R-Course Promotions, LLC ceased to exist. The results of operations of RC-1, Inc. and R-Course Promotions, LLC have been combined from October 30, 2007 forward through the date of merger.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><font style="font-size: 8pt">The Company is a motorsports marketing business focused primary in road racing events in North America utilizing NASCAR type competition equipment.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt"><i><u>Basis of presentation</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company&#8217;s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;).</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Interim Financial Statements</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i>&#160;</i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The accompanying condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to form 10Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In our opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2017. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2016 filed with the SEC.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><font style="font-size: 8pt">&#160;&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt"><i><u>Use of Estimates</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Cash and cash equivalents</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. The Company maintains cash with a commercial bank. The deposits are made with a reputable financial institution and the Company does not anticipate realizing any losses from these deposits.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Property and equipment</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">Property and equipment are recorded at cost and depreciated under the straight line method over each item's estimated useful life. The Company uses a 5 year life for racecars and equipment, 7 years for furniture and fixtures.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Financial Instruments</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company measures its financial assets and liabilities in accordance with the requirements of FASB ASC 825 &#8220;Financial Instruments&#8221;. The carrying values of its accounts payable, note payable (current portion), line of credit, accrued expenses, and other current liabilities approximate fair value due to the short-term maturities of these instruments.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Revenue recognition</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company follows paragraph 605-10-S99-1 of the FASB <i>Accounting Standards Codification</i> for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><font style="font-size: 8pt">The majority of revenues are from consulting services provided at events which range from one day to one week in length. The Company also earns revenues from entering their race cars into events whereby there is a money purse for finishing positions. The revenues from these events are recognized upon completion of the contracted services. In the event that the Company&#8217;s revenues are for services provided under contracts greater than one month in length, the contracts will be billed in total at the onset of the contact period, and to the extent that billings exceed revenue earned, the Company will record such amount as deferred revenue until the revenue is earned. We recognize revenue on these contracts in the period the services are provided under the contract. Expenses associated with providing the services are recognized in the period the services are provided which coincides with when the revenue is earned.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Net income (loss) per share</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company utilizes FASB ASC 260, &#8220;Earnings per Share.&#8221; Basic earnings per share is computed by dividing earnings (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include additional common share equivalents available upon exercise of stock options and warrants using the treasury stock method. Dilutive common share equivalents include the dilutive effect of in-the-money share equivalents, which are calculated based on the average share price for each period using the treasury stock method, excluding any common share equivalents if their effect would be anti-dilutive. For the three months ended March 31, 2017 and 2016 there were no potentially dilutive shares.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Products and services, geographic areas and major customers</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company earns revenue from race purses, race event consulting and the occasional sale of racecars, but does not separate sales from different activities into operating segments.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;&#160;&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Concentrations of debt financing</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company has line of credit agreements with companies owned and operated by the Company&#8217;s CEO and majority shareholder. Outstanding principal on these lines of credit account for 86.3% of the Company line of credit balances at March 31, 2017. See Note 6 for further discussion of line of credit terms and relationships.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Stock based compensation</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company accounts for employee and non-employee stock awards under FASB ASC 718, &#8220;Compensation &#8211; Stock Compensation&#8221;, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt"><i>&#160;</i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt"><i><u>Recent Accounting Pronouncements </u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">Management does not believe that any recently issued, but not yet effective, accounting standards, if adopted, will have a material effect on our financial statements.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt"><i><u>Basis of presentation</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company&#8217;s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;).</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Interim Financial Statements</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i>&#160;</i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The accompanying condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to form 10Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In our opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2017. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2016 filed with the SEC.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt"><i><u>Use of Estimates</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Cash and cash equivalents</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. The Company maintains cash with a commercial bank. The deposits are made with a reputable financial institution and the Company does not anticipate realizing any losses from these deposits.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Property and equipment</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">Property and equipment are recorded at cost and depreciated under the straight line method over each item's estimated useful life. The Company uses a 5 year life for racecars and equipment, 7 years for furniture and fixtures.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Financial Instruments</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company measures its financial assets and liabilities in accordance with the requirements of FASB ASC 825 &#8220;Financial Instruments&#8221;. The carrying values of its accounts payable, note payable (current portion), line of credit, accrued expenses, and other current liabilities approximate fair value due to the short-term maturities of these instruments.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Revenue recognition</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company follows paragraph 605-10-S99-1 of the FASB <i>Accounting Standards Codification</i> for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><font style="font-size: 8pt">The majority of revenues are from consulting services provided at events which range from one day to one week in length. The Company also earns revenues from entering their race cars into events whereby there is a money purse for finishing positions. The revenues from these events are recognized upon completion of the contracted services. In the event that the Company&#8217;s revenues are for services provided under contracts greater than one month in length, the contracts will be billed in total at the onset of the contact period, and to the extent that billings exceed revenue earned, the Company will record such amount as deferred revenue until the revenue is earned. We recognize revenue on these contracts in the period the services are provided under the contract. Expenses associated with providing the services are recognized in the period the services are provided which coincides with when the revenue is earned.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Net income (loss) per share</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company utilizes FASB ASC 260, &#8220;Earnings per Share.&#8221; Basic earnings per share is computed by dividing earnings (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include additional common share equivalents available upon exercise of stock options and warrants using the treasury stock method. Dilutive common share equivalents include the dilutive effect of in-the-money share equivalents, which are calculated based on the average share price for each period using the treasury stock method, excluding any common share equivalents if their effect would be anti-dilutive. For the three months ended March 31, 2017 and 2016 there were no potentially dilutive shares.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Products and services, geographic areas and major customers</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company earns revenue from race purses, race event consulting and the occasional sale of racecars, but does not separate sales from different activities into operating segments.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Concentrations of debt financing</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company has line of credit agreements with companies owned and operated by the Company&#8217;s CEO and majority shareholder. Outstanding principal on these lines of credit account for 86.3% of the Company line of credit balances at March 31, 2017. See Note 6 for further discussion of line of credit terms and relationships.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Stock based compensation</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company accounts for employee and non-employee stock awards under FASB ASC 718, &#8220;Compensation &#8211; Stock Compensation&#8221;, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt"><i></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-size: 8pt"><i><u>Recent Accounting Pronouncements </u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">Management does not believe that any recently issued, but not yet effective, accounting standards, if adopted, will have a material effect on our financial statements.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company's ability to continue as a going concern is contingent upon its ability to achieve and maintain profitable operations, and the Company&#8217;s ability to raise additional capital as required.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><font style="font-size: 8pt">&#160;&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">March 31, <br />2017</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">December 31,<br /> 2016</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 66%; text-align: left"><font style="font-size: 8pt">TVP Investments, LLC</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">75,000</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">75,000</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">Less: current portion</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(75,000</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(75,000</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt"><font style="font-size: 8pt">Long-term portion</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">On October 15, 2012, the Company entered into a revolving line of credit agreement with TVP Investments, LLC, a Georgia Limited Liability Company in the amount up to $500,000. The line of credit is unsecured, bears interest of 10% and has a maturity date of October 15, 2017. As of March 31, 2017, and December 31, 2016, the balance of the line of credit was $75,000. As of March 31, 2017, and December 31, 2016, the Company had accrued interest on this line of credit in the amounts of $24,293 and $22,418, respectively.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">The Company has a business line of credit up to $3,000 with Well Fargo bank. The line of credit is unsecured with a variable interest rate of approximately 18.0%. The balance owed as of March 31, 2017 and December 31, 2016 was zero.</font></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">March 31, <br />2017</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">December 31,<br /> 2016</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 66%; text-align: left"><font style="font-size: 8pt">TVP Investments, LLC</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">75,000</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">75,000</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">Less: current portion</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(75,000</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(75,000</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt"><font style="font-size: 8pt">Long-term portion</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Consulting expense to related parties</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">On January 1, 2015, the Company extended for three years a previous consulting agreement with a company owned and operated by the CEO and majority shareholder to provide consulting services in the motor sports marketing industry. The consulting agreement requires a $5,000 monthly fee and can be terminated by either party pursuant to a 60 day notice. As of March 31, 2017, and December 31, 2016, the Company had an accrued payable balance due to this related party of $195,000 and $180,000, respectively. During the three months ended March 31, 2017 and 2016, the Company incurred related party consulting expense of $15,000 respectively.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"><i><u>Due to related parties</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">On October 1, 2009, the Company entered into a line of credit agreement for up to $600,000 with a related party owned and operated by the CEO and majority shareholder that also provides motor sports marketing industry consulting services to the Company as needed. Under the agreement, the Company receives operating fund advances and reimbursement for expenses incurred on behalf of the Company. The loan bears interest at eight percent (8%) per annum. As of March 31, 2017, and December 31, 2016, the Company owed $222,164 and $183,164, respectively, in operating advances to this related party. As of March 31, 2017, and December 31, 2016, the Company had accrued interest on this line of credit in the amounts of $22,055 and $18,354, respectively.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;&#160;&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">On August 5, 2013, the Company entered into a line of credit agreement for up to $500,000 with a related party owned and operated by the CEO and majority shareholder. Under the agreement, the Company receives operating fund advances and reimbursement for expenses incurred on behalf of the Company. As of March 31, 2017, and December 31, 2016, the Company owed $249,647 and $332,647, respectively, in operating advances to this related party. As of March 31, 2017, and December 31, 2016, the Company had accrued interest on this line of credit in the amounts of $72,595 and 67,040, respectively.</font></p> P5Y P7Y 0 0 75000 75000 0 0 500000 3000 600000 600000 2012-10-15 2009-10-01 2013-08-05 .10 .18 .08 2017-10-15 4293 0 22418 0 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">There are 10,000,000 shares of preferred stock authorized with a $.001 par value, none of which are outstanding.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">There are 190,000,000 shares of common stock authorized with a par value of $.0001 per share.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">There were no issuances of preferred or common stock during the three months ended March 31, 2017.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">During January 2017, the Company entered into a 36-month warehouse lease with Rick Ware Leasing, LLC, payable in 1,200,000 shares of the Company&#8217;s common stock (400,000 shares annually).</font></p> EX-101.SCH 7 rccc-20170331.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Disclosure - 1. Organization and Description of Business Operations link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - 2. Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - 3. Going Concern link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - 4. Lines of Credit link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - 5. Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - 6. Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - 2. Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - 4. Lines of Credit (Tables) link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - 2. Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - 4. Lines of Credit (Details) link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - 4. Lines of Credit (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - 6. Related Party Transactions (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 rccc-20170331_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 rccc-20170331_def.xml XBRL DEFINITION FILE EX-101.LAB 10 rccc-20170331_lab.xml XBRL LABEL FILE Property, Plant and Equipment, Type [Axis] Racecars and Equipment [Member] Furniture and Fixtures [Member] Lender Name [Axis] TVP Investments [Member] Wells Fargo [Member] Related Party Transaction [Axis] Consulting Agreement [Member] Related Party [Axis] CEO and Majority Shareholder [Member] Related Party [Axis] Line of Credit [Member] Line of Credit 2 [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Is Entity a Well-known Seasoned Issuer? Is Entity a Voluntary Filer? Is Entity's Reporting Status Current? Entity Filer Category Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS Current assets Cash Accounts receivable - related party Total current assets Fixed assets - net Total Assets LIABILITIES & STOCKHOLDERS' DEFICIT Current liabilities Accounts payable Accrued payables - related parties Line of credit Due to related parties Accrued interest payable Accrued interest - related parties Total current liabilities Total Liabilities Stockholders' Deficit Preferred stock, $.0010 par value; 10,000,000 shares authorized; no shares issued and outstanding Common stock, $.0001 par value; 190,000,000 shares authorized; 7,929,581 shares issued and outstanding Additional paid in capital Accumulated deficit Total Stockholders' Deficit Total Liabilities and Stockholders' Deficit Preferred stock, par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Consulting fees Consulting fees - related party Revenues Cost of revenues Gross profit Operating expenses: Consulting Consulting - related parties General and administrative Professional fees Total operating expenses Gain (loss) from operations Other income (expense): Interest expense - unrelated parties Interest expense - related parties Total other income (expense) Income (loss) before provision for income taxes Provision for income tax Net income (loss) Net income (loss) per share (Basic and fully diluted) Weighted average number of common shares outstanding Statement of Cash Flows [Abstract] Cash Flows From Operating Activities: Net income (loss) Adjustments to reconcile net loss to net cash provided by (used for) operating activities: Amortization and Depreciation Decrease in accounts receivable Increase (decrease) in accounts payable Increase in accounts payable - related parties Increase in accrued interest Increase in accrued interest-related parties Net cash provided by (used for) operating activities Cash Flows From Investing Activities: Cash Flows From Financing Activities: Repayments on line of credit Proceeds from related party lines of credit Payments on related party lines of credit Net cash provided by (used for) financing activities Net Increase (Decrease) In Cash Cash At The Beginning Of The Period Cash At The End Of The Period Schedule Of Non-Cash Investing And Financing Activities Common stock issued for services Debt converted to capital Deposits on licensing rights Assets acquired with debt SUPPLEMENTAL DISCLOSURE Cash paid for interest Cash paid for income taxes Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization and Description of Business Operations Accounting Policies [Abstract] Summary of Significant Accounting Policies Going Concern Debt Disclosure [Abstract] Lines of Credit Equity [Abstract] Stockholders' Equity Related Party Transactions [Abstract] Related Party Transactions Basis of presentation Interim Financial Statements Use of Estimates Cash and cash equivalents Property and equipment Financial Instruments Revenue recognition Net income (loss) per share Products and services, geographic areas and major customers Concentrations of debt financing Stock based compensation Recent Accounting Pronouncements Line of credit table Statement [Table] Statement [Line Items] Property useful life Potentially dilutive shares Line of credit Less: current portion Long-term portion Line of credit issuance date Line of credit maximum amount Line of credit interest rate Line of credit maturity date Line of credit balance Accrued interest Accounts payable - related parties Consulting to related parties Accrued interest Accrued interest payable - related party Debt converted to capital Deposits on licensing rights Assets, Current Assets Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Revenues Operating Expenses Operating Income (Loss) Interest Expense Interest Expense, Related Party Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Increase (Decrease) in Accounts Receivable Net Cash Provided by (Used in) Operating Activities, Continuing Operations Repayments of Lines of Credit Repayments of Related Party Debt Net Cash Provided by (Used in) Financing Activities, Continuing Operations Cash, Period Increase (Decrease) Long-term Line of Credit EX-101.PRE 11 rccc-20170331_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.7.0.1
Document and Entity Information
3 Months Ended
Mar. 31, 2017
shares
Document And Entity Information  
Entity Registrant Name RC-1, Inc.
Entity Central Index Key 0001665598
Document Type 10-Q
Document Period End Date Mar. 31, 2017
Amendment Flag false
Current Fiscal Year End Date --12-31
Is Entity a Well-known Seasoned Issuer? No
Is Entity a Voluntary Filer? No
Is Entity's Reporting Status Current? Yes
Entity Filer Category Smaller Reporting Company
Entity Common Stock, Shares Outstanding 7,929,581
Document Fiscal Period Focus Q1
Document Fiscal Year Focus 2017
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash $ 29,568 $ 49,900
Accounts receivable - related party 0 15,000
Total current assets 29,568 64,900
Fixed assets - net 86,667 96,667
Total Assets 116,235 161,567
Current liabilities    
Accounts payable 22,478 27,478
Accrued payables - related parties 195,000 196,302
Line of credit 75,000 75,000
Due to related parties 471,811 515,811
Accrued interest payable 24,293 22,418
Accrued interest - related parties 94,650 85,394
Total current liabilities 883,232 922,403
Total Liabilities 861,134 719,976
Stockholders' Deficit    
Preferred stock, $.0010 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $.0001 par value; 190,000,000 shares authorized; 7,929,581 shares issued and outstanding 792 792
Additional paid in capital 2,244,829 2,244,829
Accumulated deficit (3,012,618) (3,006,457)
Total Stockholders' Deficit (766,997) (760,836)
Total Liabilities and Stockholders' Deficit $ 116,235 $ 161,567
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Balance Sheets (Parenthetical) - $ / shares
Mar. 31, 2017
Dec. 31, 2016
Statement of Financial Position [Abstract]    
Preferred stock, par value $ .0010 $ 0.0010
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value $ .0001 $ 0.0001
Common stock, shares authorized 190,000,000 190,000,000
Common stock, shares issued 7,929,581 7,929,581
Common stock, shares outstanding 7,929,581 7,929,581
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Consulting fees $ 35,000 $ 0
Consulting fees - related party 4,000 0
Revenues 39,000 0
Cost of revenues 0 0
Gross profit 39,000 0
Operating expenses:    
Consulting 0 0
Consulting - related parties 15,000 15,000
General and administrative 10,030 10,000
Professional fees 9,000 3,000
Total operating expenses 34,030 28,000
Gain (loss) from operations 4,970 (28,000)
Other income (expense):    
Interest expense - unrelated parties (1,875) (1,875)
Interest expense - related parties (9,256) (8,239)
Total other income (expense) (11,131) (10,114)
Income (loss) before provision for income taxes (6,161) (38,114)
Provision for income tax 0 0
Net income (loss) $ (6,161) $ (38,114)
Net income (loss) per share (Basic and fully diluted) $ 0.00 $ 0.00
Weighted average number of common shares outstanding 7,929,581 7,929,581
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities:    
Net income (loss) $ (6,161) $ (38,114)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:    
Amortization and Depreciation 10,000 10,000
Decrease in accounts receivable 15,000 0
Increase (decrease) in accounts payable (6,302) 15,000
Increase in accrued interest 11,131 10,114
Net cash provided by (used for) operating activities 23,668 (3,000)
Cash Flows From Financing Activities:    
Proceeds from related party lines of credit 40,500 50,500
Payments on related party lines of credit (84,500) (45,000)
Net cash provided by (used for) financing activities (44,000) 5,500
Net Increase (Decrease) In Cash (20,332) 2,500
Cash At The Beginning Of The Period 49,900 49,118
Cash At The End Of The Period 29,568 51,618
Schedule Of Non-Cash Investing And Financing Activities    
Common stock issued for services 0 0
Debt converted to capital 0 0
Deposits on licensing rights 0 0
Assets acquired with debt 0 0
SUPPLEMENTAL DISCLOSURE    
Cash paid for interest 0 0
Cash paid for income taxes $ 0 $ 0
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
1. Organization and Description of Business Operations
3 Months Ended
Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Description of Business Operations

RC-1, Inc. (the “Company”), was incorporated in the State of Nevada on May 14, 2009. The Company is currently considered to be in the development stage, and has generated only limited revenues from its activities in the racing business. R-Course Promotions, LLC was formed in the State of California on October 30, 2007. On June 1, 2009, in a merger classified as a transaction between parties under common control, the sole membership interest owner in R-Course Promotions, LLC exchanged 125,000 membership interests for 1,786 common shares in RC-1, Inc. Subsequent to the consummation of the merger, R-Course Promotions, LLC ceased to exist. The results of operations of RC-1, Inc. and R-Course Promotions, LLC have been combined from October 30, 2007 forward through the date of merger.

 

The Company is a motorsports marketing business focused primary in road racing events in North America utilizing NASCAR type competition equipment.

XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
2. Summary of Significant Accounting Policies
3 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

Basis of presentation

 

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

 

Interim Financial Statements

 

The accompanying condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to form 10Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In our opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2017. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2016 filed with the SEC.

  

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash and cash equivalents

 

The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. The Company maintains cash with a commercial bank. The deposits are made with a reputable financial institution and the Company does not anticipate realizing any losses from these deposits.

 

Property and equipment

 

Property and equipment are recorded at cost and depreciated under the straight line method over each item's estimated useful life. The Company uses a 5 year life for racecars and equipment, 7 years for furniture and fixtures.

 

Financial Instruments

 

The Company measures its financial assets and liabilities in accordance with the requirements of FASB ASC 825 “Financial Instruments”. The carrying values of its accounts payable, note payable (current portion), line of credit, accrued expenses, and other current liabilities approximate fair value due to the short-term maturities of these instruments.

 

Revenue recognition

 

The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.

 

The majority of revenues are from consulting services provided at events which range from one day to one week in length. The Company also earns revenues from entering their race cars into events whereby there is a money purse for finishing positions. The revenues from these events are recognized upon completion of the contracted services. In the event that the Company’s revenues are for services provided under contracts greater than one month in length, the contracts will be billed in total at the onset of the contact period, and to the extent that billings exceed revenue earned, the Company will record such amount as deferred revenue until the revenue is earned. We recognize revenue on these contracts in the period the services are provided under the contract. Expenses associated with providing the services are recognized in the period the services are provided which coincides with when the revenue is earned.

 

Net income (loss) per share

 

The Company utilizes FASB ASC 260, “Earnings per Share.” Basic earnings per share is computed by dividing earnings (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include additional common share equivalents available upon exercise of stock options and warrants using the treasury stock method. Dilutive common share equivalents include the dilutive effect of in-the-money share equivalents, which are calculated based on the average share price for each period using the treasury stock method, excluding any common share equivalents if their effect would be anti-dilutive. For the three months ended March 31, 2017 and 2016 there were no potentially dilutive shares.

 

Products and services, geographic areas and major customers

 

The Company earns revenue from race purses, race event consulting and the occasional sale of racecars, but does not separate sales from different activities into operating segments.

   

Concentrations of debt financing

 

The Company has line of credit agreements with companies owned and operated by the Company’s CEO and majority shareholder. Outstanding principal on these lines of credit account for 86.3% of the Company line of credit balances at March 31, 2017. See Note 6 for further discussion of line of credit terms and relationships.

 

Stock based compensation

 

The Company accounts for employee and non-employee stock awards under FASB ASC 718, “Compensation – Stock Compensation”, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.

 

Recent Accounting Pronouncements

 

Management does not believe that any recently issued, but not yet effective, accounting standards, if adopted, will have a material effect on our financial statements.

XML 19 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
3. Going Concern
3 Months Ended
Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company's ability to continue as a going concern is contingent upon its ability to achieve and maintain profitable operations, and the Company’s ability to raise additional capital as required.

  

These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
4. Lines of Credit
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Lines of Credit

   March 31,
2017
   December 31,
2016
 
TVP Investments, LLC  $75,000   $75,000 
Less: current portion   (75,000)   (75,000)
Long-term portion  $   $ 

 

On October 15, 2012, the Company entered into a revolving line of credit agreement with TVP Investments, LLC, a Georgia Limited Liability Company in the amount up to $500,000. The line of credit is unsecured, bears interest of 10% and has a maturity date of October 15, 2017. As of March 31, 2017, and December 31, 2016, the balance of the line of credit was $75,000. As of March 31, 2017, and December 31, 2016, the Company had accrued interest on this line of credit in the amounts of $24,293 and $22,418, respectively.

 

The Company has a business line of credit up to $3,000 with Well Fargo bank. The line of credit is unsecured with a variable interest rate of approximately 18.0%. The balance owed as of March 31, 2017 and December 31, 2016 was zero.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
5. Stockholders' Equity
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Stockholders' Equity

There are 10,000,000 shares of preferred stock authorized with a $.001 par value, none of which are outstanding.

 

There are 190,000,000 shares of common stock authorized with a par value of $.0001 per share.

 

There were no issuances of preferred or common stock during the three months ended March 31, 2017.

 

During January 2017, the Company entered into a 36-month warehouse lease with Rick Ware Leasing, LLC, payable in 1,200,000 shares of the Company’s common stock (400,000 shares annually).

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
6. Related Party Transactions
3 Months Ended
Mar. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

Consulting expense to related parties

 

On January 1, 2015, the Company extended for three years a previous consulting agreement with a company owned and operated by the CEO and majority shareholder to provide consulting services in the motor sports marketing industry. The consulting agreement requires a $5,000 monthly fee and can be terminated by either party pursuant to a 60 day notice. As of March 31, 2017, and December 31, 2016, the Company had an accrued payable balance due to this related party of $195,000 and $180,000, respectively. During the three months ended March 31, 2017 and 2016, the Company incurred related party consulting expense of $15,000 respectively.

 

Due to related parties

 

On October 1, 2009, the Company entered into a line of credit agreement for up to $600,000 with a related party owned and operated by the CEO and majority shareholder that also provides motor sports marketing industry consulting services to the Company as needed. Under the agreement, the Company receives operating fund advances and reimbursement for expenses incurred on behalf of the Company. The loan bears interest at eight percent (8%) per annum. As of March 31, 2017, and December 31, 2016, the Company owed $222,164 and $183,164, respectively, in operating advances to this related party. As of March 31, 2017, and December 31, 2016, the Company had accrued interest on this line of credit in the amounts of $22,055 and $18,354, respectively.

   

On August 5, 2013, the Company entered into a line of credit agreement for up to $500,000 with a related party owned and operated by the CEO and majority shareholder. Under the agreement, the Company receives operating fund advances and reimbursement for expenses incurred on behalf of the Company. As of March 31, 2017, and December 31, 2016, the Company owed $249,647 and $332,647, respectively, in operating advances to this related party. As of March 31, 2017, and December 31, 2016, the Company had accrued interest on this line of credit in the amounts of $72,595 and 67,040, respectively.

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
2. Summary of Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Basis of presentation

Basis of presentation

 

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Interim Financial Statements

Interim Financial Statements

 

The accompanying condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to form 10Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In our opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2017. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2016 filed with the SEC.

Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and cash equivalents

Cash and cash equivalents

 

The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. The Company maintains cash with a commercial bank. The deposits are made with a reputable financial institution and the Company does not anticipate realizing any losses from these deposits.

Property and equipment

Property and equipment

 

Property and equipment are recorded at cost and depreciated under the straight line method over each item's estimated useful life. The Company uses a 5 year life for racecars and equipment, 7 years for furniture and fixtures.

Financial Instruments

Financial Instruments

 

The Company measures its financial assets and liabilities in accordance with the requirements of FASB ASC 825 “Financial Instruments”. The carrying values of its accounts payable, note payable (current portion), line of credit, accrued expenses, and other current liabilities approximate fair value due to the short-term maturities of these instruments.

Revenue recognition

Revenue recognition

 

The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.

 

The majority of revenues are from consulting services provided at events which range from one day to one week in length. The Company also earns revenues from entering their race cars into events whereby there is a money purse for finishing positions. The revenues from these events are recognized upon completion of the contracted services. In the event that the Company’s revenues are for services provided under contracts greater than one month in length, the contracts will be billed in total at the onset of the contact period, and to the extent that billings exceed revenue earned, the Company will record such amount as deferred revenue until the revenue is earned. We recognize revenue on these contracts in the period the services are provided under the contract. Expenses associated with providing the services are recognized in the period the services are provided which coincides with when the revenue is earned.

Net income (loss) per share

Net income (loss) per share

 

The Company utilizes FASB ASC 260, “Earnings per Share.” Basic earnings per share is computed by dividing earnings (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include additional common share equivalents available upon exercise of stock options and warrants using the treasury stock method. Dilutive common share equivalents include the dilutive effect of in-the-money share equivalents, which are calculated based on the average share price for each period using the treasury stock method, excluding any common share equivalents if their effect would be anti-dilutive. For the three months ended March 31, 2017 and 2016 there were no potentially dilutive shares.

Products and services, geographic areas and major customers

Products and services, geographic areas and major customers

 

The Company earns revenue from race purses, race event consulting and the occasional sale of racecars, but does not separate sales from different activities into operating segments.

Concentrations of debt financing

Concentrations of debt financing

 

The Company has line of credit agreements with companies owned and operated by the Company’s CEO and majority shareholder. Outstanding principal on these lines of credit account for 86.3% of the Company line of credit balances at March 31, 2017. See Note 6 for further discussion of line of credit terms and relationships.

Stock based compensation

Stock based compensation

 

The Company accounts for employee and non-employee stock awards under FASB ASC 718, “Compensation – Stock Compensation”, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

Management does not believe that any recently issued, but not yet effective, accounting standards, if adopted, will have a material effect on our financial statements.

 

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
4. Lines of Credit (Tables)
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Line of credit table
   March 31,
2017
   December 31,
2016
 
TVP Investments, LLC  $75,000   $75,000 
Less: current portion   (75,000)   (75,000)
Long-term portion  $   $ 
XML 25 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
2. Summary of Significant Accounting Policies (Details Narrative) - shares
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Potentially dilutive shares 0 0
Racecars and Equipment [Member]    
Property useful life 5 years  
Furniture and Fixtures [Member]    
Property useful life 7 years  
XML 26 R15.htm IDEA: XBRL DOCUMENT v3.7.0.1
4. Lines of Credit (Details) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Debt Disclosure [Abstract]    
Line of credit $ 75,000 $ 75,000
Less: current portion (75,000) (75,000)
Long-term portion $ 0 $ 0
XML 27 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
4. Lines of Credit (Details Narrative) - USD ($)
3 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Line of credit balance $ 75,000 $ 75,000
TVP Investments [Member]    
Line of credit issuance date Oct. 15, 2012  
Line of credit maximum amount $ 500,000  
Line of credit interest rate 10.00%  
Line of credit maturity date Oct. 15, 2017  
Line of credit balance $ 75,000 75,000
Accrued interest 4,293 22,418
Wells Fargo [Member]    
Line of credit maximum amount $ 3,000  
Line of credit interest rate 18.00%  
Accrued interest $ 0 $ 0
XML 28 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
6. Related Party Transactions (Details Narrative) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Accounts payable - related parties $ 195,000   $ 196,302
Consulting to related parties 15,000 $ 15,000  
Due to related parties 471,811   515,811
Accrued interest 94,650   85,394
Consulting Agreement [Member] | CEO and Majority Shareholder [Member]      
Accounts payable - related parties 195,000   180,000
Consulting to related parties 15,000 $ 15,000  
Line of Credit [Member] | CEO and Majority Shareholder [Member]      
Due to related parties $ 222,164   183,164
Line of credit issuance date Oct. 01, 2009    
Line of credit maximum amount $ 600,000    
Line of credit interest rate 8.00%    
Accrued interest $ 222,055   18,354
Line of Credit 2 [Member] | CEO and Majority Shareholder [Member]      
Due to related parties $ 249,647   332,647
Line of credit issuance date Aug. 05, 2013    
Line of credit maximum amount $ 600,000    
Accrued interest $ 72,595   $ 67,040
EXCEL 29 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 30 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 31 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 33 FilingSummary.xml IDEA: XBRL DOCUMENT 3.7.0.1 html 24 102 1 false 8 0 false 4 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://rc1.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Balance Sheets (Unaudited) Sheet http://rc1.com/role/BalanceSheets Condensed Balance Sheets (Unaudited) Statements 2 false false R3.htm 00000003 - Statement - Condensed Balance Sheets (Parenthetical) Sheet http://rc1.com/role/BalanceSheetsParenthetical Condensed Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Statements of Operations (Unaudited) Sheet http://rc1.com/role/StatementsOfOperations Condensed Statements of Operations (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Statements of Cash Flows (Unaudited) Sheet http://rc1.com/role/StatementsOfCashFlows Condensed Statements of Cash Flows (Unaudited) Statements 5 false false R6.htm 00000006 - Disclosure - 1. Organization and Description of Business Operations Sheet http://rc1.com/role/OrganizationAndDescriptionOfBusinessOperations 1. Organization and Description of Business Operations Notes 6 false false R7.htm 00000007 - Disclosure - 2. Summary of Significant Accounting Policies Sheet http://rc1.com/role/SummaryOfSignificantAccountingPolicies 2. Summary of Significant Accounting Policies Notes 7 false false R8.htm 00000008 - Disclosure - 3. Going Concern Sheet http://rc1.com/role/GoingConcern 3. Going Concern Notes 8 false false R9.htm 00000009 - Disclosure - 4. Lines of Credit Sheet http://rc1.com/role/LinesOfCredit 4. Lines of Credit Notes 9 false false R10.htm 00000010 - Disclosure - 5. Stockholders' Equity Sheet http://rc1.com/role/StockholdersEquity 5. Stockholders' Equity Notes 10 false false R11.htm 00000011 - Disclosure - 6. Related Party Transactions Sheet http://rc1.com/role/RelatedPartyTransactions 6. Related Party Transactions Notes 11 false false R12.htm 00000012 - Disclosure - 2. Summary of Significant Accounting Policies (Policies) Sheet http://rc1.com/role/SummaryOfSignificantAccountingPoliciesPolicies 2. Summary of Significant Accounting Policies (Policies) Policies http://rc1.com/role/SummaryOfSignificantAccountingPolicies 12 false false R13.htm 00000013 - Disclosure - 4. Lines of Credit (Tables) Sheet http://rc1.com/role/LinesOfCreditTables 4. Lines of Credit (Tables) Tables http://rc1.com/role/LinesOfCredit 13 false false R14.htm 00000014 - Disclosure - 2. Summary of Significant Accounting Policies (Details Narrative) Sheet http://rc1.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative 2. Summary of Significant Accounting Policies (Details Narrative) Details http://rc1.com/role/SummaryOfSignificantAccountingPoliciesPolicies 14 false false R15.htm 00000015 - Disclosure - 4. Lines of Credit (Details) Sheet http://rc1.com/role/LinesOfCreditDetails 4. Lines of Credit (Details) Details http://rc1.com/role/LinesOfCreditTables 15 false false R16.htm 00000016 - Disclosure - 4. Lines of Credit (Details Narrative) Sheet http://rc1.com/role/LinesOfCreditDetailsNarrative 4. Lines of Credit (Details Narrative) Details http://rc1.com/role/LinesOfCreditTables 16 false false R17.htm 00000017 - Disclosure - 6. Related Party Transactions (Details Narrative) Sheet http://rc1.com/role/RelatedPartyTransactionsDetailsNarrative 6. Related Party Transactions (Details Narrative) Details http://rc1.com/role/RelatedPartyTransactions 17 false false All Reports Book All Reports rccc-20170331.xml rccc-20170331.xsd rccc-20170331_cal.xml rccc-20170331_def.xml rccc-20170331_lab.xml rccc-20170331_pre.xml true true ZIP 35 0001683168-17-001192-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001683168-17-001192-xbrl.zip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end