10-Q Filing

IQSTEL INC CIK: 1527702 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001078782-13-000266`
Period End Date	20121231
Filing Date	20130208
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	bmav-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 23 Income Statement 58 Cash Flow Statement 63

Balance Sheet 23 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParValue`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Common stock, par value	`CommonStockParValues`	$0.00	USD	Point-in-time
Cash	`Cash`	$317.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory	`AirlineRelatedInventoryNet`	$530.00	USD	Point-in-time
Common stock, shares issued and outstanding	`CommonStockSharesIssued`	7.50M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$847.00	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
Total Other Assets	`OtherAssets`	$61.69K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$62.54K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesFairValueDisclosure`	$68.53K	USD	Point-in-time
Sales revenue received in advance	`SalesRevenueReceivedInAdvance`	-	USD	Point-in-time
Loans related party	`LoansRelatedParty`	$1.24K	USD	Point-in-time
Loans unrelated parties	`LoansUnrelatedParties`	$12.43K	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
Common stock, $0.001 par value; 100,000,000 shares authorized; 10,000,00 and 7,500,000 shares issued and outstanding, respectively	`CommonStockValue`	$7.50K	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
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$-19.66K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$62.54K	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$625.00	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	$625.00	USD	6 Qtrs
Revenue	`Revenues`	$625.00	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Cost of goods gold	`CostOfGoodsSold`	$105.00	USD	2 Qtrs
Cost of goods gold	`CostOfGoodsSold`	$105.00	USD	6 Qtrs
Cost of goods gold	`CostOfGoodsSold`	-	USD	2 Qtrs
Cost of goods gold	`CostOfGoodsSold`	$105.00	USD	1 Quarter
Cost of goods gold	`CostOfGoodsSold`	-	USD	1 Quarter
Gross margin	`GrossProfit1`	$520.00	USD	1 Quarter
Gross margin	`GrossProfit1`	$520.00	USD	2 Qtrs
Gross margin	`GrossProfit1`	-	USD	1 Quarter
Gross margin	`GrossProfit1`	-	USD	2 Qtrs
Gross margin	`GrossProfit1`	$520.00	USD	6 Qtrs
Samples/marketing expense	`SamplesmarketingExpense`	$726.00	USD	1 Quarter
Samples/marketing expense	`SamplesmarketingExpense`	$1.09K	USD	2 Qtrs
Samples/marketing expense	`SamplesmarketingExpense`	$2.28K	USD	6 Qtrs
Samples/marketing expense	`SamplesmarketingExpense`	$334.00	USD	1 Quarter
Samples/marketing expense	`SamplesmarketingExpense`	$726.00	USD	2 Qtrs
Consulting and other expenses	`ProfessionalFees`	$12.83K	USD	1 Quarter
Consulting and other expenses	`ProfessionalFees`	$3.59K	USD	1 Quarter
Consulting and other expenses	`ProfessionalFees`	$41.06K	USD	6 Qtrs
Consulting and other expenses	`ProfessionalFees`	$22.36K	USD	2 Qtrs
Consulting and other expenses	`ProfessionalFees`	$8.36K	USD	2 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	$625.00	USD	2 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	$312.00	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	$312.00	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	$1.88K	USD	6 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	$625.00	USD	2 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	1 Quarter
Organization expenses	`OrganizationExpenses`	$5.67K	USD	6 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	2 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	2 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	1 Quarter
Total Expenses	`OperatingLeasesRentExpenseNet`	$13.87K	USD	1 Quarter
Total Expenses	`OperatingLeasesRentExpenseNet`	$50.88K	USD	6 Qtrs
Total Expenses	`OperatingLeasesRentExpenseNet`	$23.71K	USD	2 Qtrs
Total Expenses	`OperatingLeasesRentExpenseNet`	$10.08K	USD	2 Qtrs
Total Expenses	`OperatingLeasesRentExpenseNet`	$4.23K	USD	1 Quarter
Provision for income tax	`ProvisionForIncomeTax`	-	USD	1 Quarter
Provision for income tax	`ProvisionForIncomeTax`	-	USD	1 Quarter
Provision for income tax	`ProvisionForIncomeTax`	-	USD	2 Qtrs
Provision for income tax	`ProvisionForIncomeTax`	$800.00	USD	6 Qtrs
Provision for income tax	`ProvisionForIncomeTax`	$800.00	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.23K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.08K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-51.16K	USD	6 Qtrs
Net loss	`NetIncomeLoss`	$-13.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.99K	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	7.50M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	10.00M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	9.57M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	7.50M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss`	$-23.99K	USD	2 Qtrs
Net loss	`NetLoss`	$-10.08K	USD	2 Qtrs
Net loss	`NetLoss`	$-51.16K	USD	6 Qtrs
Amortization	`Amortization`	$625.00	USD	2 Qtrs
Amortization	`Amortization`	$1.88K	USD	6 Qtrs
Amortization	`Amortization`	$625.00	USD	2 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	-	USD	2 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	-	USD	2 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	$5.00K	USD	6 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-616.00	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$105.00	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-425.00	USD	6 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	-	USD	2 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	$5.00K	USD	2 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	$5.00K	USD	6 Qtrs
Increase in accrued expenses	`IncreaseDecreaseInAccountsPayable1`	$45.50K	USD	6 Qtrs
Increase in accrued expenses	`IncreaseDecreaseInAccountsPayable1`	$17.90K	USD	2 Qtrs
Increase in accrued expenses	`IncreaseDecreaseInAccountsPayable1`	$26.68K	USD	2 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	2 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	$-26.72K	USD	2 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	6 Qtrs
Net cash provided by (used in) operating activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	$-10.11K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	$-5.79K	USD	6 Qtrs
Net cash provided by (used in) operating activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	$-360.00	USD	2 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	6 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	2 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	2 Qtrs
Common stock issued for cash	`CommonStockIssuedForCash`	-	USD	2 Qtrs
Common stock issued for cash	`CommonStockIssuedForCash`	$25.00K	USD	2 Qtrs
Common stock issued for cash	`CommonStockIssuedForCash`	$25.00K	USD	6 Qtrs
Deferred offering costs paid	`DeferredOfferingCostsPaid`	$-26.94K	USD	2 Qtrs
Deferred offering costs paid	`DeferredOfferingCostsPaid`	$-46.44K	USD	6 Qtrs
Deferred offering costs paid	`DeferredOfferingCostsPaid`	-	USD	2 Qtrs
Proceeds of loans from unrelated parties	`ProceedsOfLoansFromUnrelatedParties`	$10.82K	USD	2 Qtrs
Proceeds of loans from unrelated parties	`ProceedsOfLoansFromUnrelatedParties`	$5.46K	USD	2 Qtrs
Proceeds of loans from unrelated parties	`ProceedsOfLoansFromUnrelatedParties`	$22.89K	USD	6 Qtrs
Repayment of loan from unrelated party	`RepaymentOfLoanFromUnrelatedParty`	-	USD	2 Qtrs
Repayment of loan from unrelated party	`RepaymentOfLoanFromUnrelatedParty`	-	USD	2 Qtrs
Repayment of loan from unrelated party	`RepaymentOfLoanFromUnrelatedParty`	$-5.00K	USD	6 Qtrs
Proceeds of loan from related party	`ProceedsOfLoanFromRelatedParty`	$643.00	USD	2 Qtrs
Proceeds of loan from related party	`ProceedsOfLoanFromRelatedParty`	$1.34K	USD	6 Qtrs
Proceeds of loan from related party	`ProceedsOfLoanFromRelatedParty`	$101.00	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedFinancingActivities`	$2.21K	USD	6 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedFinancingActivities`	$3.62K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedFinancingActivities`	$11.47K	USD	2 Qtrs
CHANGE IN CASH	`ChangeInCash`	$3.26K	USD	2 Qtrs
CHANGE IN CASH	`ChangeInCash`	$1.36K	USD	2 Qtrs
CHANGE IN CASH	`ChangeInCash`	$3.58K	USD	6 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	-	USD	6 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	$317.00	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	-	USD	2 Qtrs
CASH AT END OF PERIOD	`CashAtEndOfYear`	$1.36K	USD	2 Qtrs
CASH AT END OF PERIOD	`CashAtEndOfYear`	$3.58K	USD	2 Qtrs
CASH AT END OF PERIOD	`CashAtEndOfYear`	$3.58K	USD	6 Qtrs
Interest	`InterestPaid`	-	USD	6 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$800.00	USD	6 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$800.00	USD	2 Qtrs
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	-	USD	2 Qtrs
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	$2.50K	USD	6 Qtrs
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	-	USD	2 Qtrs

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