10-K Filing

IQSTEL INC CIK: 1527702 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001078782-12-002479`
Period End Date	20120630
Filing Date	20120927
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	bmi-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 28 Cash Flow Statement 54 Stockholders Equity 12

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParValue`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParValue`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$317.00	USD	Point-in-time
Common stock, par value	`CommonStockParValues`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParValues`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory	`InventoryAdjustments`	-	USD	Point-in-time
Inventory	`InventoryAdjustments`	$530.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued and outstanding	`CommonStockSharesIssued`	7.50M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$847.00	USD	Point-in-time
Common stock, shares issued and outstanding	`CommonStockSharesIssued`	7.50M	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCost`	-	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCost`	$60.44K	USD	Point-in-time
Intangible asset Product formulas, net	`IntangibleAssetProductFormulasNet`	$1.25K	USD	Point-in-time
Intangible asset Product formulas, net	`IntangibleAssetProductFormulasNet`	$2.50K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$2.50K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$61.69K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$62.54K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.50K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesFairValueDisclosure`	$68.53K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesFairValueDisclosure`	$665.00	USD	Point-in-time
Loans related party	`LoansRelatedParty`	$1.24K	USD	Point-in-time
Loans related party	`LoansRelatedParty`	-	USD	Point-in-time
Loans unrelated parties	`LoansUnrelatedParties`	$12.43K	USD	Point-in-time
Loans unrelated parties	`LoansUnrelatedParties`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$665.00	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$82.20K	USD	Point-in-time
Preferred stock, $0.001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 7,500,000 shares issued and outstanding	`CommonStockValue`	$7.50K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 7,500,000 shares issued and outstanding	`CommonStockValue`	$7.50K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Deficit accumulated during development stage	`DeficitAccumulatedDuringDevelopmentStages`	$-27.16K	USD	Point-in-time
Deficit accumulated during development stage	`DeficitAccumulatedDuringDevelopmentStages`	$-5.67K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$1.83K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$-19.66K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$62.54K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.50K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	5 Qtrs
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Point-in-time
Samples/marketing expense	`SamplesmarketingExpense`	$2.99K	USD	5 Qtrs
Samples/marketing expense	`SamplesmarketingExpense`	-	USD	Point-in-time
Samples/marketing expense	`SamplesmarketingExpense`	$2.99K	USD	Annual
Consulting and other expense	`ConsultingAndOtherExpense`	$17.26K	USD	Annual
Consulting and other expense	`ConsultingAndOtherExpense`	$17.26K	USD	5 Qtrs
Consulting and other expense	`ConsultingAndOtherExpense`	-	USD	Point-in-time
Amortization expense	`AmortizationOfFinancingCosts`	$1.25K	USD	Annual
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	Point-in-time
Amortization expense	`AmortizationOfFinancingCosts`	$1.25K	USD	5 Qtrs
Organization expenses	`OrganizationExpenses`	$5.67K	USD	5 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	Annual
Organization expenses	`OrganizationExpenses`	$5.67K	USD	Point-in-time
Loss before provision for income tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$21.50K	USD	Annual
Loss before provision for income tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$27.16K	USD	5 Qtrs
Loss before provision for income tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$5.67K	USD	Point-in-time
Provision for income tax	`ProvisionForIncomeTax`	-	USD	Annual
Provision for income tax	`ProvisionForIncomeTax`	-	USD	5 Qtrs
Provision for income tax	`ProvisionForIncomeTax`	-	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-5.67K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-27.16K	USD	5 Qtrs
Net loss	`NetIncomeLoss`	$-21.50K	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	Point-in-time
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	4.29M	shares	Point-in-time
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	7.50M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss2`	$-21.50K	USD	Annual
Net loss	`NetLoss2`	$-27.16K	USD	5 Qtrs
Net loss	`NetLoss2`	$-5.67K	USD	Point-in-time
Amortization	`Amortization`	$1.25K	USD	Annual
Amortization	`Amortization`	$1.25K	USD	5 Qtrs
Amortization	`Amortization`	-	USD	Point-in-time
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	$5.00K	USD	5 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	$5.00K	USD	Point-in-time
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	-	USD	Annual
(Increase) in inventory	`IncreaseDecreaseInInventories`	-	USD	Point-in-time
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-530.00	USD	Annual
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-530.00	USD	5 Qtrs
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$67.87K	USD	Annual
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$665.00	USD	Point-in-time
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$68.53K	USD	5 Qtrs
Change in deferred expenses	`DeferredOtherTaxExpenseBenefit`	$-60.44K	USD	5 Qtrs
Change in deferred expenses	`DeferredOtherTaxExpenseBenefit`	$-60.44K	USD	Annual
Change in deferred expenses	`DeferredOtherTaxExpenseBenefit`	-	USD	Point-in-time
Net Cash Provided by (Used in) Operating Activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	$-13.35K	USD	5 Qtrs
Net Cash Provided by (Used in) Operating Activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	-	USD	Point-in-time
Net Cash Provided by (Used in) Operating Activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	$-13.35K	USD	Annual
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	5 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	Point-in-time
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	Annual
Proceeds of loans from unrelated parties	`ProceedsOfLoansFromUnrelatedParties`	-	USD	Point-in-time
Proceeds of loans from unrelated parties	`ProceedsOfLoansFromUnrelatedParties`	$17.43K	USD	Annual
Proceeds of loans from unrelated parties	`ProceedsOfLoansFromUnrelatedParties`	$17.43K	USD	5 Qtrs
Repayment of loans from unrelated party	`RepaymentOfLoansFromUnrelatedParty`	$-5.00K	USD	5 Qtrs
Repayment of loans from unrelated party	`RepaymentOfLoansFromUnrelatedParty`	$-5.00K	USD	Annual
Repayment of loans from unrelated party	`RepaymentOfLoansFromUnrelatedParty`	-	USD	Point-in-time
Proceeds of loan from related party	`ProceedsOfLoanFromRelatedParty`	-	USD	Point-in-time
Proceeds of loan from related party	`ProceedsOfLoanFromRelatedParty`	$1.24K	USD	5 Qtrs
Proceeds of loan from related party	`ProceedsOfLoanFromRelatedParty`	$1.24K	USD	Annual
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedFinancingActivities`	$13.66K	USD	5 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedFinancingActivities`	-	USD	Point-in-time
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedFinancingActivities`	$13.66K	USD	Annual
CHANGE IN CASH	`ChangeInCash`	-	USD	Point-in-time
CHANGE IN CASH	`ChangeInCash`	$317.00	USD	Annual
CHANGE IN CASH	`ChangeInCash`	$317.00	USD	5 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	-	USD	Annual
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	-	USD	5 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	-	USD	Point-in-time
CASH AT END OF PERIOD	`CashAtEndOfYear`	$317.00	USD	Annual
CASH AT END OF PERIOD	`CashAtEndOfYear`	-	USD	Point-in-time
CASH AT END OF PERIOD	`CashAtEndOfYear`	$317.00	USD	5 Qtrs
Interest	`InterestPaid`	-	USD	Point-in-time
Interest	`InterestPaid`	-	USD	Annual
Interest	`InterestPaid`	-	USD	5 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	5 Qtrs
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	-	USD	Annual
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	$2.50K	USD	Point-in-time
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	$2.50K	USD	5 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance - June 24, 2011 (date of inception)	`SharesIssued`	-19,663.00	shares	Point-in-time
Shares issued for organizational costs on June 27, 2011	`SharesIssuedForOrganizationalCostsOnJune272011`	$5.00K	USD	Annual
Shares issued for organizational costs on June 27, 2011	`SharesIssuedForOrganizationalCostsOnJune272011`	$5.00K	USD	5 Qtrs
Shares issued to acquire product formula and samples on June 27, 2011	`SharesIssuedToAcquireProductFormulaAndSamplesOnJune272011`	$2.50K	USD	Annual
Shares issued to acquire product formula and samples on June 27, 2011	`SharesIssuedToAcquireProductFormulaAndSamplesOnJune272011`	$2.50K	USD	5 Qtrs
Net loss	`NetLoss`	$-5.67K	USD	5 Qtrs
Net loss	`NetLoss`	$-5.67K	USD	Annual
Balance - June 30, 2011	`BalanceJune302011`	$1.83K	USD	5 Qtrs
Balance - June 30, 2011	`BalanceJune302011`	$1.83K	USD	Annual
Net loss	`NetLoss1`	$-21.50K	USD	Annual
Net loss	`NetLoss1`	$-21.50K	USD	5 Qtrs
Balance - June 30, 2012	`SharesIssued`	-19,663.00	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.