2014 Q2 Form 10-Q Financial Statement
#000114420414031642 Filed on May 16, 2014
Income Statement
Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $19.87K |
YoY Change | -100.0% | -100.0% | |
Cost Of Revenue | $0.00 | $0.00 | $16.61K |
YoY Change | -100.0% | ||
Gross Profit | $0.00 | $0.00 | $3.267K |
YoY Change | -100.0% | -100.0% | |
Gross Profit Margin | 16.44% | ||
Selling, General & Admin | $2.598K | $2.273K | $1.055K |
YoY Change | -9.98% | 115.45% | |
% of Gross Profit | 32.29% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $2.598K | $2.273K | $1.055K |
YoY Change | -9.98% | 115.45% | |
Operating Profit | -$2.598K | -$2.273K | $2.212K |
YoY Change | -278.8% | -202.76% | |
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$2.598K | -$2.273K | $2.212K |
YoY Change | -278.8% | -202.76% | |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | ||
Net Earnings | -$2.273K | $2.212K | |
YoY Change | -202.76% | ||
Net Earnings / Revenue | 11.13% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | |||
COMMON SHARES | |||
Basic Shares Outstanding | 5.890M shares | 5.890M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $108.00 | $1.612K | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.425K | ||
Other Receivables | |||
Total Short-Term Assets | $108.00 | ||
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | ||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $108.00 | ||
Total Long-Term Assets | $0.00 | ||
Total Assets | $108.00 | ||
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $29.40K | ||
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $29.40K | ||
Total Long-Term Liabilities | |||
Total Liabilities | |||
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$703.6K | -$683.6K | |
YoY Change | 2.93% | ||
Common Stock | $5.889K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$29.29K | ||
YoY Change | |||
Total Liabilities & Shareholders Equity | $108.00 | ||
YoY Change |
Cashflow Statement
Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.273K | $2.212K | |
YoY Change | -202.76% | ||
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$1.561K | -$2.322K | |
YoY Change | -32.77% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
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 | |||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -$1.561K | -$2.322K | |
Cash From Investing Activities | |||
Cash From Financing Activities | |||
Net Change In Cash | -$1.561K | -$2.322K | |
YoY Change | -32.77% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.561K | -$2.322K | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2014Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> <b><i>Uses of estimates in the preparation of financial statements</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The preparation of financial statements in conformity with generally accepted accounting principles accepted in the United States of America (“GAAP”) 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 net revenue and expenses during each reporting period.  Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2014Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
705839 | USD |
CY2014Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5889533 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5889533 | shares |
CY2006Q1 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
273333 | shares |
CY2006Q2 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
500000 | shares |
CY2006Q1 | intb |
Stock Issued During Period Shares Private Placement
StockIssuedDuringPeriodSharesPrivatePlacement
|
116200 | shares |
CY2013Q1 | intb |
Percentage Of Total Sales To Related Party
PercentageOfTotalSalesToRelatedParty
|
1 | pure |
CY2014Q1 | intb |
Percentage Of Total Sales To Related Party
PercentageOfTotalSalesToRelatedParty
|
0 | pure |
CY2014Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
2500000 | shares |
CY2014Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.34 | pure |
CY2014Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
239985 | USD |
CY2014Q1 | intb |
Operating Loss Carryforwards Expirations Date
OperatingLossCarryforwardsExpirationsDate
|
2028 | |
CY2013Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
16607 | USD |
CY2014Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2273 | USD |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5889533 | shares |
CY2014Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5889533 | shares |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
108 | USD |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1669 | USD |
CY2014Q1 | us-gaap |
Assets Current
AssetsCurrent
|
108 | USD |
CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1669 | USD |
CY2014Q1 | us-gaap |
Assets
Assets
|
108 | USD |
CY2013Q4 | us-gaap |
Assets
Assets
|
1669 | USD |
CY2014Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
9292 | USD |
CY2013Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
15876 | USD |
CY2014Q1 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
20109 | USD |
CY2013Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
12813 | USD |
CY2014Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
29401 | USD |
CY2013Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
28689 | USD |
CY2014Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2014Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
5889 | USD |
CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
5889 | USD |
CY2014Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
670657 | USD |
CY2013Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
670657 | USD |
CY2014Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-705839 | USD |
CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-703566 | USD |
CY2014Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-29293 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-27020 | USD |
CY2014Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
108 | USD |
CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1669 | USD |
CY2014Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2013Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | shares |
CY2014Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
2500000 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
2500000 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
2500000 | shares |
CY2014Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2014Q1 | us-gaap |
Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
|
7296 | USD |
CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2013Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
19874 | USD |
CY2014Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
0 | USD |
CY2013Q1 | us-gaap |
Revenues
Revenues
|
19874 | USD |
CY2014Q1 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2014Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
0 | USD |
CY2013Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1055 | USD |
CY2013Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
17662 | USD |
CY2014Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
2273 | USD |
CY2013Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2212 | USD |
CY2014Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2273 | USD |
CY2013Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2014Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2212 | USD |
CY2014Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2273 | USD |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-685775 | USD |
CY2013Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-683563 | USD |
CY2013Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | |
CY2014Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | |
CY2013Q1 | intb |
Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
|
5889533 | shares |
CY2014Q1 | intb |
Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
|
5889533 | shares |
CY2013Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-4534 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-6584 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2322 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1561 | USD |
CY2013Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-2322 | USD |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1561 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3934 | USD |
CY2013Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1612 | USD |
CY2014Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2014Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2014Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-03-31 | |
CY2014Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
CY2014Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2014Q1 | dei |
Trading Symbol
TradingSymbol
|
INTB | |
CY2014Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
5889533 | shares |
CY2014Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Intelligent Buying, Inc. | |
CY2014Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001358633 | |
CY2014Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2014Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
CY2013Q1 | us-gaap |
Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
|
0 | USD |
CY2014Q1 | intb |
Working Capital
WorkingCapital
|
29293 | USD |