10-Q Filing

IQSTEL INC CIK: 1527702 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001078782-14-000828`
Period End Date	20140331
Filing Date	20140512
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	bmav-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 78 Cash Flow Statement 70

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash or cash equivalents	`Cash`	-	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 or cash equivalents	`Cash`	-	USD	Point-in-time
Inventory	`InventoryNet`	$212.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$93.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$93.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	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	`CommonStockSharesIssued`	10.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	10.00M	shares	Point-in-time
Intangible asset - Product formulas, net	`OtherIntangibleAssetsNet`	-	USD	Point-in-time
Intangible asset - Product formulas, net	`OtherIntangibleAssetsNet`	-	USD	Point-in-time
Total Other Assets	`OtherAssets`	-	USD	Point-in-time
Total Other Assets	`OtherAssets`	-	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	10.00M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	10.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$93.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$212.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$7.09K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.41K	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 - unrelated party	`NotesPayableRelatedPartiesClassifiedCurrent`	$619.00	USD	Point-in-time
Loans - unrelated party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Loans - related party	`LoansRelatedParty`	$27.75K	USD	Point-in-time
Loans - related party	`LoansRelatedParty`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$40.46K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$19.41K	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	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-6.60K	USD	Point-in-time
Deficit accumulated during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-27.77K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-40.37K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-19.20K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$93.00	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`	$7.71K	USD	3 Qtrs
Revenue	`Revenues`	$1.13K	USD	1 Quarter
Revenue	`Revenues`	$1.75K	USD	3 Qtrs
Revenue	`Revenues`	$3.90K	USD	1 Quarter
Revenue	`Revenues`	$9.46K	USD	11 Qtrs
Cost of goods gold	`CostOfGoodsSold`	$213.00	USD	1 Quarter
Cost of goods gold	`CostOfGoodsSold`	$318.00	USD	3 Qtrs
Cost of goods gold	`CostOfGoodsSold`	$503.00	USD	1 Quarter
Cost of goods gold	`CostOfGoodsSold`	$924.00	USD	3 Qtrs
Cost of goods gold	`CostOfGoodsSold`	$1.24K	USD	11 Qtrs
Gross margin	`GrossProfit`	$8.22K	USD	11 Qtrs
Gross margin	`GrossProfit`	$3.40K	USD	1 Quarter
Gross margin	`GrossProfit`	$1.44K	USD	3 Qtrs
Gross margin	`GrossProfit`	$917.00	USD	1 Quarter
Gross margin	`GrossProfit`	$6.78K	USD	3 Qtrs
Samples/marketing expense	`MarketingExpense`	$4.02K	USD	11 Qtrs
Samples/marketing expense	`MarketingExpense`	$304.00	USD	3 Qtrs
Samples/marketing expense	`MarketingExpense`	$203.00	USD	1 Quarter
Samples/marketing expense	`MarketingExpense`	-	USD	1 Quarter
Samples/marketing expense	`MarketingExpense`	$726.00	USD	3 Qtrs
Consulting and other expenses	`OtherCostAndExpenseOperating`	$29.60K	USD	3 Qtrs
Consulting and other expenses	`OtherCostAndExpenseOperating`	$7.24K	USD	1 Quarter
Consulting and other expenses	`OtherCostAndExpenseOperating`	$77.24K	USD	11 Qtrs
Consulting and other expenses	`OtherCostAndExpenseOperating`	$6.94K	USD	1 Quarter
Consulting and other expenses	`OtherCostAndExpenseOperating`	$26.24K	USD	3 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	$313.00	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	3 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	$2.50K	USD	11 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	$938.00	USD	3 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	3 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	1 Quarter
Organization expenses	`OrganizationExpenses`	-	USD	3 Qtrs
Organization expenses	`OrganizationExpenses`	-	USD	1 Quarter
Organization expenses	`OrganizationExpenses`	$5.67K	USD	11 Qtrs
Total expenses	`TotalExpenses`	$26.55K	USD	3 Qtrs
Total expenses	`TotalExpenses`	$7.15K	USD	1 Quarter
Total expenses	`TotalExpenses`	$89.42K	USD	11 Qtrs
Total expenses	`TotalExpenses`	$7.15K	USD	1 Quarter
Total expenses	`TotalExpenses`	$31.27K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-601.00	USD	11 Qtrs
Interest expense	`InterestExpense`	$-601.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$-282.00	USD	1 Quarter
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	$55.64K	USD	11 Qtrs
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$55.04K	USD	11 Qtrs
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$-282.00	USD	1 Quarter
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	-	USD	3 Qtrs
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$-601.00	USD	3 Qtrs
Net income/(loss) before income tax	`IncomeLossFromOperationsBeforeExtraordinaryItemsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-6.63K	USD	1 Quarter
Net income/(loss) before income tax	`IncomeLossFromOperationsBeforeExtraordinaryItemsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-4.03K	USD	1 Quarter
Net income/(loss) before income tax	`IncomeLossFromOperationsBeforeExtraordinaryItemsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-26.17K	USD	11 Qtrs
Net income/(loss) before income tax	`IncomeLossFromOperationsBeforeExtraordinaryItemsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-20.36K	USD	3 Qtrs
Net income/(loss) before income tax	`IncomeLossFromOperationsBeforeExtraordinaryItemsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$-29.83K	USD	3 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$1.60K	USD	11 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$800.00	USD	3 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$800.00	USD	3 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-6.63K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-30.63K	USD	3 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-27.77K	USD	11 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-4.03K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-21.16K	USD	3 Qtrs
Basic and diluted income/(loss) per share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 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	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	9.71M	shares	3 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
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	10.00M	shares	3 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`ProfitLoss`	$-27.77K	USD	11 Qtrs
Net income/(loss)	`ProfitLoss`	$-30.63K	USD	3 Qtrs
Net income/(loss)	`ProfitLoss`	$-21.16K	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$2.50K	USD	11 Qtrs
Amortization	`AdjustmentForAmortization`	$938.00	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	-	USD	3 Qtrs
Gain on debt relief	`GainOnDebtRelief`	-	USD	3 Qtrs
Gain on debt relief	`GainOnDebtRelief`	-	USD	3 Qtrs
Gain on debt relief	`GainOnDebtRelief`	$-55.64K	USD	11 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	-	USD	3 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	-	USD	3 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	$5.00K	USD	11 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-93.00	USD	11 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-119.00	USD	3 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$318.00	USD	3 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	$5.00K	USD	11 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	-	USD	3 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	$5.00K	USD	3 Qtrs
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-7.09K	USD	3 Qtrs
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$42.99K	USD	11 Qtrs
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$17.59K	USD	3 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	11 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	3 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.79K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.01K	USD	11 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.37K	USD	3 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	11 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Common stock issued for cash	`CommonStockIssuedForCash`	-	USD	3 Qtrs
Common stock issued for cash	`CommonStockIssuedForCash`	$25.00K	USD	11 Qtrs
Common stock issued for cash	`CommonStockIssuedForCash`	$25.00K	USD	3 Qtrs
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	-	USD	3 Qtrs
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	$-46.44K	USD	11 Qtrs
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	$-26.94K	USD	3 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromRelatedPartyDebt`	$25.36K	USD	11 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromRelatedPartyDebt`	$619.00	USD	3 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromRelatedPartyDebt`	$8.98K	USD	3 Qtrs
Repayment of loans - unrelated party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of loans - unrelated party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of loans - unrelated party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-5.00K	USD	11 Qtrs
Proceeds from loan - related parties	`ProceedsFromNotesPayable`	$27.75K	USD	3 Qtrs
Proceeds from loan - related parties	`ProceedsFromNotesPayable`	$101.00	USD	3 Qtrs
Proceeds from loan - related parties	`ProceedsFromNotesPayable`	$29.09K	USD	11 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.01K	USD	11 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.37K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.14K	USD	3 Qtrs
CHANGE IN CASH	`CashPeriodIncreaseDecrease`	-	USD	11 Qtrs
CHANGE IN CASH	`CashPeriodIncreaseDecrease`	$354.00	USD	3 Qtrs
CHANGE IN CASH	`CashPeriodIncreaseDecrease`	-	USD	3 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$317.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$671.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$317.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$671.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	3 Qtrs
Interest	`InterestPaidNet`	-	USD	11 Qtrs
Interest	`InterestPaidNet`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$1.60K	USD	11 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$800.00	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$800.00	USD	3 Qtrs
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	-	USD	3 Qtrs
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	$2.50K	USD	11 Qtrs
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	-	USD	3 Qtrs

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