2015 Q1 Form 10-Q Financial Statement
#000101968715000835 Filed on March 05, 2015
Income Statement
Concept | 2015 Q1 | 2014 Q4 | 2013 Q4 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $4.375K |
YoY Change | -100.0% | ||
Cost Of Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Gross Profit | $0.00 | $0.00 | $4.375K |
YoY Change | -100.0% | ||
Gross Profit Margin | 100.0% | ||
Selling, General & Admin | $30.00K | $10.00K | $10.00K |
YoY Change | 50.0% | 0.0% | |
% of Gross Profit | 228.57% | ||
Research & Development | $0.00 | ||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | ||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $35.57K | $11.69K | $8.374K |
YoY Change | 77.86% | 39.59% | |
Operating Profit | -$35.57K | -$11.69K | -$3.999K |
YoY Change | 77.86% | 192.3% | |
Interest Expense | $0.00 | ||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | ||
YoY Change | |||
Pretax Income | -$35.57K | -$10.00K | $0.00 |
YoY Change | 255.71% | ||
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$35.57K | -$11.69K | -$3.999K |
YoY Change | 255.71% | 192.3% | |
Net Earnings / Revenue | -91.41% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.00 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 6.580M shares | 6.580M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q1 | 2014 Q4 | 2013 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $80.00K | $0.00 | $10.00K |
YoY Change | 700.0% | -100.0% | |
Cash & Equivalents | $78.01K | $136.00 | $10.00K |
Short-Term Investments | |||
Other Short-Term Assets | $10.00K | $10.00K | $0.00 |
YoY Change | |||
Inventory | |||
Prepaid Expenses | $11.87K | $6.846K | |
Receivables | $0.00 | ||
Other Receivables | |||
Total Short-Term Assets | $89.87K | $6.982K | $10.00K |
YoY Change | 1064.72% | -30.18% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $0.00 | ||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $20.00K | ||
YoY Change | |||
Total Long-Term Assets | $23.10K | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $89.87K | $6.982K | $10.00K |
Total Long-Term Assets | $23.10K | $0.00 | $0.00 |
Total Assets | $113.0K | $6.982K | $10.00K |
YoY Change | 1364.05% | -30.18% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Accrued Expenses | $0.00 | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $120.0K | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $141.8K | $225.00 | $10.00K |
YoY Change | 501.53% | -97.75% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $141.8K | $225.00 | $10.00K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $141.8K | $225.00 | $10.00K |
YoY Change | 501.53% | -97.75% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$107.2K | ||
YoY Change | 369.04% | ||
Common Stock | $6.580K | $6.580K | |
YoY Change | 64.5% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$28.81K | $6.757K | $0.00 |
YoY Change | |||
Total Liabilities & Shareholders Equity | $113.0K | $6.982K | $10.00K |
YoY Change | 1364.05% | -30.18% |
Cashflow Statement
Concept | 2015 Q1 | 2014 Q4 | 2013 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$35.57K | -$11.69K | -$3.999K |
YoY Change | 255.71% | 192.3% | |
Depreciation, Depletion And Amortization | $0.00 | ||
YoY Change | |||
Cash From Operating Activities | -$50.00K | -$20.00K | -$10.00K |
YoY Change | 100.0% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 120.0K | 30.00K | 0.000 |
YoY Change | 1100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -50.00K | -20.00K | -10.00K |
Cash From Investing Activities | $0.00 | 0.000 | 0.000 |
Cash From Financing Activities | 120.0K | 30.00K | 0.000 |
Net Change In Cash | $0.00 | 10.00K | -10.00K |
YoY Change | -100.0% | -200.0% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$50.00K | -$20.00K | -$10.00K |
Capital Expenditures | $0.00 | $0.00 | $0.00 |
Free Cash Flow | -$50.00K | -$20.00K | -$10.00K |
YoY Change | 100.0% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Focus Universal Inc. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001590418 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-12-31 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | ||
dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | ||
CY2015Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
6580000 | shares |
us-gaap |
Revenues
Revenues
|
20150 | usd | |
CY2014Q4 | us-gaap |
Revenues
Revenues
|
0 | usd |
CY2013Q4 | us-gaap |
Revenues
Revenues
|
4375 | usd |
us-gaap |
Revenues
Revenues
|
11875 | usd | |
us-gaap |
Revenues
Revenues
|
36050 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
9000 | usd | |
CY2014Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
0 | usd |
CY2013Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
0 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
5000 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
14000 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
11150 | usd | |
CY2014Q4 | us-gaap |
Gross Profit
GrossProfit
|
0 | usd |
CY2013Q4 | us-gaap |
Gross Profit
GrossProfit
|
4375 | usd |
us-gaap |
Gross Profit
GrossProfit
|
6875 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
22050 | usd | |
us-gaap |
Officers Compensation
OfficersCompensation
|
9000 | usd | |
CY2014Q4 | us-gaap |
Officers Compensation
OfficersCompensation
|
3000 | usd |
CY2013Q4 | us-gaap |
Officers Compensation
OfficersCompensation
|
3000 | usd |
us-gaap |
Officers Compensation
OfficersCompensation
|
3400 | usd | |
us-gaap |
Officers Compensation
OfficersCompensation
|
15400 | usd | |
us-gaap |
Professional Fees
ProfessionalFees
|
16500 | usd | |
CY2014Q4 | us-gaap |
Professional Fees
ProfessionalFees
|
1000 | usd |
CY2013Q4 | us-gaap |
Professional Fees
ProfessionalFees
|
3000 | usd |
us-gaap |
Professional Fees
ProfessionalFees
|
6000 | usd | |
us-gaap |
Professional Fees
ProfessionalFees
|
30050 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
59920 | usd | |
CY2014Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
11689 | usd |
CY2013Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
8374 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
12470 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
92674 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-48770 | usd | |
CY2014Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-11689 | usd |
CY2013Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3999 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-5595 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-71624 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-48770 | usd | |
CY2014Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11689 | usd |
CY2013Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3999 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5595 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-71624 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2348 | usd | |
CY2014 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-20506 | usd |
CY2014Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | |
CY2013Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
6494545 | shares | |
CY2014Q4 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
6580000 | shares |
CY2013Q4 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
4000000 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
1347826 | shares | |
CY2014Q4 | us-gaap |
Cash
Cash
|
136 | usd |
CY2014Q1 | us-gaap |
Cash
Cash
|
7408 | usd |
CY2013Q1 | us-gaap |
Cash
Cash
|
0 | usd |
CY2013Q4 | us-gaap |
Cash
Cash
|
5338 | usd |
CY2014Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
6846 | usd |
CY2014Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
308 | usd |
CY2014Q4 | us-gaap |
Assets Current
AssetsCurrent
|
6982 | usd |
CY2014Q1 | us-gaap |
Assets Current
AssetsCurrent
|
7716 | usd |
CY2014Q4 | us-gaap |
Assets
Assets
|
6982 | usd |
CY2014Q1 | us-gaap |
Assets
Assets
|
7716 | usd |
CY2014Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
225 | usd |
CY2014Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
17170 | usd |
CY2014Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
0 | usd |
CY2014Q1 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
6400 | usd |
CY2014Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
225 | usd |
CY2014Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
23570 | usd |
CY2014Q4 | us-gaap |
Liabilities
Liabilities
|
225 | usd |
CY2014Q1 | us-gaap |
Liabilities
Liabilities
|
23570 | usd |
CY2014Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
6580 | usd |
CY2014Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
4000 | usd |
CY2014Q4 | us-gaap |
Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
|
0 | shares |
CY2014Q1 | us-gaap |
Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
|
3000 | shares |
CY2014Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
71801 | usd |
CY2014Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
0 | usd |
CY2014Q4 | us-gaap |
Development Stage Enterprise Deficit Accumulated During Development Stage
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
71624 | usd |
CY2014Q1 | us-gaap |
Development Stage Enterprise Deficit Accumulated During Development Stage
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
22854 | usd |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6757 | usd |
CY2014Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-15854 | usd |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
0 | usd |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6982 | usd |
CY2014Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
7716 | usd |
CY2014Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2014Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
6580000 | shares |
CY2014Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
4000000 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
6580000 | shares |
CY2014Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
4000000 | shares |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
6538 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
2679 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
6846 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-16945 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
6560 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
225 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
9000 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
3052 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
15400 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
29250 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
36250 | usd | |
us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
-7272 | usd | |
us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
5338 | usd | |
us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
136 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
CY2014Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2014Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
34420 | usd | |
CY2014Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7689 | usd |
CY2013Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2374 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3070 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
48224 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2014Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2013Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-63253 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1338 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-62845 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
0 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
26731 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
26731 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
55981 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
4000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
62981 | usd | |
FCUV |
Forgiveness Of Debt From Former Stockholder And Officer Accrued Compensation
ForgivenessOfDebtFromFormerStockholderAndOfficerAccruedCompensation
|
15400 | usd | |
FCUV |
Forgiveness Of Debt From Former Stockholder And Officer Accrued Compensation
ForgivenessOfDebtFromFormerStockholderAndOfficerAccruedCompensation
|
0 | usd | |
FCUV |
Forgiveness Of Debt From Former Stockholder And Officer Accrued Compensation
ForgivenessOfDebtFromFormerStockholderAndOfficerAccruedCompensation
|
15400 | usd | |
FCUV |
Forgiveness Of Debt From Former Stockholder And Officer Advances From Stockholder
ForgivenessOfDebtFromFormerStockholderAndOfficerAdvancesFromStockholder
|
26731 | usd | |
FCUV |
Forgiveness Of Debt From Former Stockholder And Officer Advances From Stockholder
ForgivenessOfDebtFromFormerStockholderAndOfficerAdvancesFromStockholder
|
0 | usd | |
FCUV |
Forgiveness Of Debt From Former Stockholder And Officer Advances From Stockholder
ForgivenessOfDebtFromFormerStockholderAndOfficerAdvancesFromStockholder
|
26731 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><i><u>Use of Estimates and Assumptions</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">The Company’s significant estimates and assumptions include the fair value of financial instruments; income tax rate, income tax provision and valuation allowance of deferred tax assets; and the assumption that the Company will continue as a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.</font></p> | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
32250 | usd | |
CY2014 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4000 | usd |
FCUV |
Common Stock Subscription
CommonStockSubscription
|
-3000 | usd | |
CY2014 | FCUV |
Common Stock Subscription
CommonStockSubscription
|
3000 | usd |
FCUV |
Forgiveness Of Advances From Former Stockholders And Accrued Compensation Officers
ForgivenessOfAdvancesFromFormerStockholdersAndAccruedCompensationOfficers
|
42131 | usd | |
CY2013Q1 | us-gaap |
Shares Outstanding
SharesOutstanding
|
-2348 | shares |