10-Q Filing

IQSTEL INC CIK: 1527702 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001078782-13-002089`
Period End Date	20130930
Filing Date	20131028
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	bmav-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 46 Cash Flow Statement 66

Balance Sheet 42 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
Common stock, par value	`CommonStockParValues`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParValues`	$0.00	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsFairValueDisclosure`	$2.16K	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsFairValueDisclosure`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory	`InventoryGross`	$181.00	USD	Point-in-time
Inventory	`InventoryGross`	$212.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$212.00	USD	Point-in-time
Common stock, shares issued and outstanding	`CommonStockSharesIssued`	10.00M	shares	Point-in-time
Common stock, shares issued and outstanding	`CommonStockSharesIssued`	7.50M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.34K	USD	Point-in-time
Intangible asset Product formulas, net	`IntangibleAssetProductFormulasNet`	-	USD	Point-in-time
Intangible asset Product formulas, net	`IntangibleAssetProductFormulasNet`	-	USD	Point-in-time
Total Other Assets	`OtherAssets`	-	USD	Point-in-time
Total Other Assets	`OtherAssets`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$212.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.34K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesFairValueDisclosure`	$14.41K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesFairValueDisclosure`	$9.33K	USD	Point-in-time
Sales revenue received in advance	`SalesRevenueReceivedInAdvance`	$5.00K	USD	Point-in-time
Sales revenue received in advance	`SalesRevenueReceivedInAdvance`	$5.00K	USD	Point-in-time
Loans related party	`LoansRelatedParty`	-	USD	Point-in-time
Loans related party	`LoansRelatedParty`	$17.50K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$19.41K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$31.83K	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; 10,000,000 and 7,500,000 shares issued and outstanding, respectively	`CommonStockValue`	$10.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 10,000,000 and 7,500,000 shares issued and outstanding, respectively	`CommonStockValue`	$10.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$-22.60K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$-22.60K	USD	Point-in-time
Deficit accumulated during development stage	`DeficitAccumulatedDuringDevelopmentStages`	$-6.60K	USD	Point-in-time
Deficit accumulated during development stage	`DeficitAccumulatedDuringDevelopmentStages`	$-16.89K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$-29.49K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$-19.20K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.34K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$212.00	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$5.56K	USD	9 Qtrs
Revenue	`Revenues`	$3.80K	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Cost of goods gold	`CostOfGoodsSold`	$739.00	USD	9 Qtrs
Cost of goods gold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of goods gold	`CostOfGoodsSold`	$421.00	USD	1 Quarter
Gross margin	`GrossProfit1`	$3.38K	USD	1 Quarter
Gross margin	`GrossProfit1`	$4.82K	USD	9 Qtrs
Gross margin	`GrossProfit1`	-	USD	1 Quarter
Samples/marketing expense	`SamplesmarketingExpense`	$3.81K	USD	9 Qtrs
Samples/marketing expense	`SamplesmarketingExpense`	$101.00	USD	1 Quarter
Samples/marketing expense	`SamplesmarketingExpense`	-	USD	1 Quarter
Consulting and other expenses	`ProfessionalFees`	$64.53K	USD	9 Qtrs
Consulting and other expenses	`ProfessionalFees`	$13.63K	USD	1 Quarter
Consulting and other expenses	`ProfessionalFees`	$9.53K	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	$313.00	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	$2.50K	USD	9 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	1 Quarter
Organization expenses	`OrganizationExpenses`	$5.67K	USD	9 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	1 Quarter
Total expenses	`OperatingLeasesRentExpenseNet`	$13.63K	USD	1 Quarter
Total expenses	`OperatingLeasesRentExpenseNet`	$76.51K	USD	9 Qtrs
Total expenses	`OperatingLeasesRentExpenseNet`	$9.85K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-35.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-35.00	USD	9 Qtrs
Gain on relief of debt	`GainOnReliefOfDebt`	$55.64K	USD	9 Qtrs
Gain on relief of debt	`GainOnReliefOfDebt`	-	USD	1 Quarter
Gain on relief of debt	`GainOnReliefOfDebt`	-	USD	1 Quarter
Total other income/(expense)	`OtherIncomeTaxExpenseBenefitContinuingOperations`	$-35.00	USD	1 Quarter
Total other income/(expense)	`OtherIncomeTaxExpenseBenefitContinuingOperations`	-	USD	1 Quarter
Total other income/(expense)	`OtherIncomeTaxExpenseBenefitContinuingOperations`	$55.60K	USD	9 Qtrs
Net income/(loss) before income tax	`IncomeLossFromContinuingOperations`	$-16.09K	USD	9 Qtrs
Net income/(loss) before income tax	`IncomeLossFromContinuingOperations`	$-9.85K	USD	1 Quarter
Net income/(loss) before income tax	`IncomeLossFromContinuingOperations`	$-10.29K	USD	1 Quarter
Provision for income tax	`ProvisionForIncomeTax`	$800.00	USD	1 Quarter
Provision for income tax	`ProvisionForIncomeTax`	$800.00	USD	9 Qtrs
Provision for income tax	`ProvisionForIncomeTax`	-	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-10.65K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-10.29K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-16.89K	USD	9 Qtrs
Basic and diluted income/(loss) per share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted income/(loss) per share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	9.13M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	10.00M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`NetIncomeloss1`	$-16.89K	USD	9 Qtrs
Net income/(loss)	`NetIncomeloss1`	$-10.29K	USD	1 Quarter
Net income/(loss)	`NetIncomeloss1`	$-10.65K	USD	1 Quarter
Amortization	`Amortization`	-	USD	1 Quarter
Amortization	`Amortization`	$313.00	USD	1 Quarter
Amortization	`Amortization`	$2.50K	USD	9 Qtrs
Gain on debt relief	`GainOnDebtRelief`	-	USD	1 Quarter
Gain on debt relief	`GainOnDebtRelief`	$-55.64K	USD	9 Qtrs
Gain on debt relief	`GainOnDebtRelief`	-	USD	1 Quarter
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	-	USD	1 Quarter
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	-	USD	1 Quarter
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	$5.00K	USD	9 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-181.00	USD	9 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$31.00	USD	1 Quarter
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	-	USD	1 Quarter
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	$5.00K	USD	9 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	-	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccountsPayable1`	$-5.08K	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccountsPayable1`	$4.60K	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccountsPayable1`	$45.23K	USD	9 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	9 Qtrs
Net cash provided by (used in) operating activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	$-5.73K	USD	1 Quarter
Net cash provided by (used in) operating activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	$-15.34K	USD	1 Quarter
Net cash provided by (used in) operating activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	$-14.98K	USD	9 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	9 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	1 Quarter
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	1 Quarter
Common stock issued for cash	`CommonStockIssuedForCash`	-	USD	1 Quarter
Common stock issued for cash	`CommonStockIssuedForCash`	$25.00K	USD	9 Qtrs
Common stock issued for cash	`CommonStockIssuedForCash`	$25.00K	USD	1 Quarter
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	-	USD	1 Quarter
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	$-46.44K	USD	9 Qtrs
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	$-9.23K	USD	1 Quarter
Proceeds from loans - unrelated parties	`ProceedsFromLoansUnrelatedParties`	$168.00	USD	1 Quarter
Proceeds from loans - unrelated parties	`ProceedsFromLoansUnrelatedParties`	$24.74K	USD	9 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromLoansUnrelatedParties`	-	USD	1 Quarter
Repayment of loans - unrelated party	`RepaymentOfLoansUnrelatedParty`	-	USD	1 Quarter
Repayment of loans - unrelated party	`RepaymentOfLoansUnrelatedParty`	-	USD	1 Quarter
Repayment of loans - unrelated party	`RepaymentOfLoansUnrelatedParty`	$-5.00K	USD	9 Qtrs
Proceeds from loan - related party	`ProceedsFromLoanRelatedParty`	$18.84K	USD	9 Qtrs
Proceeds from loan - related party	`ProceedsFromLoanRelatedParty`	$17.50K	USD	1 Quarter
Proceeds from loan - related party	`ProceedsFromLoanRelatedParty`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedFinancingActivities`	$17.50K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedFinancingActivities`	$17.14K	USD	9 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedFinancingActivities`	$15.93K	USD	1 Quarter
CHANGE IN CASH	`ChangeInCash`	$10.20K	USD	1 Quarter
CHANGE IN CASH	`ChangeInCash`	$2.16K	USD	1 Quarter
CHANGE IN CASH	`ChangeInCash`	$2.16K	USD	9 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	-	USD	9 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	-	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	$317.00	USD	1 Quarter
CASH AT END OF PERIOD	`CashAtEndOfYear`	$2.16K	USD	1 Quarter
CASH AT END OF PERIOD	`CashAtEndOfYear`	$2.16K	USD	9 Qtrs
CASH AT END OF PERIOD	`CashAtEndOfYear`	$10.52K	USD	1 Quarter
Interest	`InterestPaid`	-	USD	9 Qtrs
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$800.00	USD	9 Qtrs
Income taxes	`IncomeTaxesPaid`	$800.00	USD	1 Quarter
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	-	USD	1 Quarter
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	$2.50K	USD	9 Qtrs
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	-	USD	1 Quarter

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