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<!--egx--><p style='margin:0in 0in 0pt'><b>NOTE 1 – BASIS OF PRESENTATION </b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The accompanying interim financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows as of March 31, 2016, and for all periods presented herein, have been made.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10-K, have been omitted. It is suggested that these interim financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2015 audited financial statements. The results of operations for the period ended March 31, 2016 are not necessarily indicative of the operating results for the full years.</p>
<!--egx--><p style='margin:0in 0in 0pt'><b>NOTE 2 – GOING CONCERN</b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. These factors raise substantial doubt about the company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</p>
<!--egx--><p style='margin:0in 0in 0pt'><b>NOTE 3 – RELATED PARTY TRANSATIONS</b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>During the three months ended March 31, 2016, the Company received advances from related parties totaling $1,900 to fund operations. The advances are non-interest bearing and due on demand. There was $2,675 and $775 due to related parties as of March 31, 2016 and December 31, 2015, respectively. </p>
<!--egx--><p style='margin:0in 0in 0pt'><b>NOTE 4 – SUBSEQUENT EVENTS</b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Subsequent to March 31, 2016, the Company received total advances from related parties of $4,200 to fund operations. The loans are non-interest bearing but interest will be paid contingent upon successful financing.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On April 20, 2016, the Company entered into a lease extension agreement with a related party to extend the term of the lease for a period of three years for consideration of $10 cash. The original lease was entered into on October 1, 2013 and set to expire on October 1, 2016. The extension is under the same terms as the original lease agreement and will expire on October 1, 2019. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On April 20, 2016, the Company entered into a lease extension agreement with an unrelated party to extend the term of the lease for a period of three years for consideration of $10 cash. The original lease was entered into on October 1, 2013 and was set to expire on October 1, 2016. The extension is under the same terms as the original lease agreement and will expire on October 1, 2019. </p>
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10-Q
2016-03-31
false
ALPHA ENERGY INC
0000855787
alpha
--12-31
16866428
Smaller Reporting Company
Yes
No
No
2016
Q1
0000855787
2016-01-01
2016-03-31
0000855787
2016-05-20
0000855787
2016-03-31
0000855787
2015-12-31
0000855787
2015-01-01
2015-03-31
0000855787
2014-12-31
0000855787
2015-03-31
0000855787
2016-04-20
shares
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