10-Q Filing

IQSTEL INC CIK: 1527702 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001078782-14-000364`
Period End Date	20131231
Filing Date	20140312
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	bmav-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 78 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
Cash or cash equivalents	`CashAndCashEquivalentsFairValueDisclosure`	-	USD	Point-in-time
Common stock, par value	`CommonStockParValues`	$0.00	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
Common stock, shares issued and outstanding	`CommonStockSharesIssued`	10.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$181.00	USD	Point-in-time
Common stock, shares issued and outstanding	`CommonStockSharesIssued`	10.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$212.00	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`	$181.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$212.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesFairValueDisclosure`	$14.41K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesFairValueDisclosure`	$9.52K	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`	$22.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$19.41K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$36.52K	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 shares issued and outstanding	`CommonStockValue`	$10.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 10,000,000 shares issued and outstanding	`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`	$-23.74K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$-36.34K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$-19.20K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$181.00	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$212.00	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$625.00	USD	2 Qtrs
Revenue	`Revenues`	$625.00	USD	1 Quarter
Revenue	`Revenues`	$3.80K	USD	2 Qtrs
Revenue	`Revenues`	$5.56K	USD	10 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Cost of goods gold	`CostOfGoodsSold`	$105.00	USD	1 Quarter
Cost of goods gold	`CostOfGoodsSold`	$739.00	USD	10 Qtrs
Cost of goods gold	`CostOfGoodsSold`	$421.00	USD	2 Qtrs
Cost of goods gold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of goods gold	`CostOfGoodsSold`	$105.00	USD	2 Qtrs
Gross margin	`GrossProfit1`	$520.00	USD	1 Quarter
Gross margin	`GrossProfit1`	$520.00	USD	2 Qtrs
Gross margin	`GrossProfit1`	$3.38K	USD	2 Qtrs
Gross margin	`GrossProfit1`	-	USD	1 Quarter
Gross margin	`GrossProfit1`	$4.82K	USD	10 Qtrs
Samples/marketing expense	`SamplesmarketingExpense`	-	USD	1 Quarter
Samples/marketing expense	`SamplesmarketingExpense`	$3.81K	USD	10 Qtrs
Samples/marketing expense	`SamplesmarketingExpense`	$726.00	USD	1 Quarter
Samples/marketing expense	`SamplesmarketingExpense`	$726.00	USD	2 Qtrs
Samples/marketing expense	`SamplesmarketingExpense`	$101.00	USD	2 Qtrs
Consulting and other expenses	`ProfessionalFees`	$22.36K	USD	2 Qtrs
Consulting and other expenses	`ProfessionalFees`	$5.77K	USD	1 Quarter
Consulting and other expenses	`ProfessionalFees`	$19.30K	USD	2 Qtrs
Consulting and other expenses	`ProfessionalFees`	$12.83K	USD	1 Quarter
Consulting and other expenses	`ProfessionalFees`	$70.30K	USD	10 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	$625.00	USD	2 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	$312.00	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	$2.50K	USD	10 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	2 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	1 Quarter
Organization expenses	`OrganizationExpenses`	-	USD	2 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	1 Quarter
Organization expenses	`OrganizationExpenses`	$5.67K	USD	10 Qtrs
Total expenses	`OperatingLeasesRentExpenseNet`	$19.40K	USD	2 Qtrs
Total expenses	`OperatingLeasesRentExpenseNet`	$13.87K	USD	1 Quarter
Total expenses	`OperatingLeasesRentExpenseNet`	$82.28K	USD	10 Qtrs
Total expenses	`OperatingLeasesRentExpenseNet`	$5.77K	USD	1 Quarter
Total expenses	`OperatingLeasesRentExpenseNet`	$23.71K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$-319.00	USD	10 Qtrs
Interest expense	`InterestExpense`	$-319.00	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-284.00	USD	1 Quarter
Gain on relief of debt	`GainOnReliefOfDebt`	-	USD	1 Quarter
Gain on relief of debt	`GainOnReliefOfDebt`	$55.64K	USD	10 Qtrs
Gain on relief of debt	`GainOnReliefOfDebt`	-	USD	2 Qtrs
Gain on relief of debt	`GainOnReliefOfDebt`	-	USD	1 Quarter
Gain on relief of debt	`GainOnReliefOfDebt`	-	USD	2 Qtrs
Total other income/(expense)	`OtherIncomeTaxExpenseBenefitContinuingOperations`	-	USD	1 Quarter
Total other income/(expense)	`OtherIncomeTaxExpenseBenefitContinuingOperations`	$55.32K	USD	10 Qtrs
Total other income/(expense)	`OtherIncomeTaxExpenseBenefitContinuingOperations`	-	USD	2 Qtrs
Total other income/(expense)	`OtherIncomeTaxExpenseBenefitContinuingOperations`	$-284.00	USD	1 Quarter
Total other income/(expense)	`OtherIncomeTaxExpenseBenefitContinuingOperations`	$-319.00	USD	2 Qtrs
Net income/(loss) before income tax	`IncomeLossFromContinuingOperations`	$-13.35K	USD	1 Quarter
Net income/(loss) before income tax	`IncomeLossFromContinuingOperations`	$-16.34K	USD	2 Qtrs
Net income/(loss) before income tax	`IncomeLossFromContinuingOperations`	$-22.14K	USD	10 Qtrs
Net income/(loss) before income tax	`IncomeLossFromContinuingOperations`	$-23.71K	USD	2 Qtrs
Net income/(loss) before income tax	`IncomeLossFromContinuingOperations`	$-6.05K	USD	1 Quarter
Provision for income tax	`ProvisionForIncomeTax`	$800.00	USD	2 Qtrs
Provision for income tax	`ProvisionForIncomeTax`	$800.00	USD	2 Qtrs
Provision for income tax	`ProvisionForIncomeTax`	$800.00	USD	1 Quarter
Provision for income tax	`ProvisionForIncomeTax`	-	USD	1 Quarter
Provision for income tax	`ProvisionForIncomeTax`	$1.60K	USD	10 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-13.35K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-6.85K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-23.74K	USD	10 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-23.99K	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-17.14K	USD	2 Qtrs
Basic and diluted income/(loss) per share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted income/(loss) per share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted income/(loss) per share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Basic and diluted income/(loss) per share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	10.00M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	9.57M	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`	10.00M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`NetIncomeloss1`	$-23.74K	USD	10 Qtrs
Net income/(loss)	`NetIncomeloss1`	$-17.14K	USD	2 Qtrs
Net income/(loss)	`NetIncomeloss1`	$-23.99K	USD	2 Qtrs
Amortization	`Amortization`	-	USD	2 Qtrs
Amortization	`Amortization`	$625.00	USD	2 Qtrs
Amortization	`Amortization`	$2.50K	USD	10 Qtrs
Gain on debt relief	`GainOnDebtRelief`	-	USD	2 Qtrs
Gain on debt relief	`GainOnDebtRelief`	-	USD	2 Qtrs
Gain on debt relief	`GainOnDebtRelief`	$-55.64K	USD	10 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	-	USD	2 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	$5.00K	USD	10 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	-	USD	2 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$31.00	USD	2 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-181.00	USD	10 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	10 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	-	USD	2 Qtrs
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$17.90K	USD	2 Qtrs
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$45.42K	USD	10 Qtrs
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.90K	USD	2 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	10 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	2 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	2 Qtrs
Net cash provided by (used in) operating activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	$-22.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	$-21.64K	USD	10 Qtrs
Net cash provided by (used in) operating activities	`CashProvidedByUsedInDiscontinuedOperationsOperatingActivities`	$-360.00	USD	2 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	2 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	2 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	10 Qtrs
Common stock issued for cash	`CommonStockIssuedForCash`	$25.00K	USD	2 Qtrs
Common stock issued for cash	`CommonStockIssuedForCash`	$25.00K	USD	10 Qtrs
Common stock issued for cash	`CommonStockIssuedForCash`	-	USD	2 Qtrs
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	$-46.44K	USD	10 Qtrs
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	-	USD	2 Qtrs
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	$-26.94K	USD	2 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromLoansUnrelatedParties`	$24.74K	USD	10 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromLoansUnrelatedParties`	$5.46K	USD	2 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromLoansUnrelatedParties`	-	USD	2 Qtrs
Repayment of loans - unrelated party	`RepaymentOfLoansUnrelatedParty`	$-5.00K	USD	10 Qtrs
Repayment of loans - unrelated party	`RepaymentOfLoansUnrelatedParty`	-	USD	2 Qtrs
Repayment of loans - unrelated party	`RepaymentOfLoansUnrelatedParty`	-	USD	2 Qtrs
Proceeds from loan - related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$101.00	USD	2 Qtrs
Proceeds from loan - related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$22.00K	USD	2 Qtrs
Proceeds from loan - related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$23.34K	USD	10 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedFinancingActivities`	$21.64K	USD	10 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedFinancingActivities`	$22.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedFinancingActivities`	$3.62K	USD	2 Qtrs
CHANGE IN CASH	`ChangeInCash`	-	USD	2 Qtrs
CHANGE IN CASH	`ChangeInCash`	-	USD	10 Qtrs
CHANGE IN CASH	`ChangeInCash`	$3.26K	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	-	USD	10 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	-	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAtBeginningOfYear`	$317.00	USD	2 Qtrs
CASH AT END OF PERIOD	`CashAtEndOfYear`	-	USD	2 Qtrs
CASH AT END OF PERIOD	`CashAtEndOfYear`	$3.58K	USD	2 Qtrs
CASH AT END OF PERIOD	`CashAtEndOfYear`	-	USD	10 Qtrs
Interest	`InterestPaid`	-	USD	10 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$800.00	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$800.00	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$1.60K	USD	10 Qtrs
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	-	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	10 Qtrs

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