10-K Filing

IQSTEL INC CIK: 1527702 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001078782-14-001705`
Period End Date	20140630
Filing Date	20140916
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	bmav-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 46 Cash Flow Statement 68 Stockholders Equity 17

Balance Sheet 48 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
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
Cash or cash equivalents	`Cash`	-	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$212.00	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`	$212.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	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 issued	`CommonStockSharesIssued`	10.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	10.00M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	10.00M	shares	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	-	USD	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	-	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	10.00M	shares	Point-in-time
Intangible asset - Product formulas, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible asset - Product formulas, net	`IntangibleAssetsNetExcludingGoodwill`	-	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`	$93.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.98K	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 - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$33.85K	USD	Point-in-time
Loans - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Loans - unrelated parties	`LoansPayableCurrent`	-	USD	Point-in-time
Loans - unrelated parties	`LoansPayableCurrent`	$619.00	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$44.45K	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`	$-31.76K	USD	Point-in-time
Deficit accumulated during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-6.60K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-44.36K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-19.20K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$212.00	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$93.00	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.75K	USD	Annual
Revenue	`Revenues`	$7.71K	USD	Annual
Revenue	`Revenues`	$9.46K	USD	12 Qtrs
Cost of goods gold	`CostOfGoodsSold`	$924.00	USD	Annual
Cost of goods gold	`CostOfGoodsSold`	$1.24K	USD	12 Qtrs
Cost of goods gold	`CostOfGoodsSold`	$318.00	USD	Annual
Gross margin	`GrossProfit`	$1.44K	USD	Annual
Gross margin	`GrossProfit`	$8.22K	USD	12 Qtrs
Gross margin	`GrossProfit`	$6.78K	USD	Annual
Samples/marketing expense	`MarketingExpense`	$304.00	USD	Annual
Samples/marketing expense	`MarketingExpense`	$726.00	USD	Annual
Samples/marketing expense	`MarketingExpense`	$4.02K	USD	12 Qtrs
Consulting and other expenses	`OtherCostAndExpenseOperating`	$29.95K	USD	Annual
Consulting and other expenses	`OtherCostAndExpenseOperating`	$80.94K	USD	12 Qtrs
Consulting and other expenses	`OtherCostAndExpenseOperating`	$33.74K	USD	Annual
Amortization expense	`AmortizationOfFinancingCosts`	$1.25K	USD	Annual
Amortization expense	`AmortizationOfFinancingCosts`	$2.50K	USD	12 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	Annual
Organization expenses	`GeneralAndAdministrativeExpense`	-	USD	Annual
Organization expenses	`GeneralAndAdministrativeExpense`	$5.67K	USD	12 Qtrs
Organization expenses	`GeneralAndAdministrativeExpense`	-	USD	Annual
Total Expenses	`OperatingExpenses`	$93.13K	USD	12 Qtrs
Total Expenses	`OperatingExpenses`	$30.25K	USD	Annual
Total Expenses	`OperatingExpenses`	$35.71K	USD	Annual
Interest expense	`InterestExpense`	$-889.00	USD	12 Qtrs
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$-889.00	USD	Annual
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	$55.64K	USD	12 Qtrs
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	$55.64K	USD	Annual
Total Other Income/(Expense)	`OtherOperatingIncomeExpenseNet`	$54.75K	USD	12 Qtrs
Total Other Income/(Expense)	`OtherOperatingIncomeExpenseNet`	$55.64K	USD	Annual
Total Other Income/(Expense)	`OtherOperatingIncomeExpenseNet`	$-889.00	USD	Annual
Net Income/(Loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-30.16K	USD	12 Qtrs
Net Income/(Loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.36K	USD	Annual
Net Income/(Loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-24.36K	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	$1.60K	USD	12 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$800.00	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	$800.00	USD	Annual
Net income/(loss)	`NetIncomeLoss`	$-31.76K	USD	12 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-25.16K	USD	Annual
Net income/(loss)	`NetIncomeLoss`	$20.56K	USD	Annual
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.00M	shares	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.78M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`NetIncomeLoss`	$-31.76K	USD	12 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-25.16K	USD	Annual
Net income/(loss)	`NetIncomeLoss`	$20.56K	USD	Annual
Amortization	`AdjustmentForAmortization`	$2.50K	USD	12 Qtrs
Amortization	`AdjustmentForAmortization`	-	USD	Annual
Amortization	`AdjustmentForAmortization`	$1.25K	USD	Annual
Gain on debt relief	`GainOnDebtRelief`	-	USD	Annual
Gain on debt relief	`GainOnDebtRelief`	$-55.64K	USD	Annual
Gain on debt relief	`GainOnDebtRelief`	$-55.64K	USD	12 Qtrs
Shares issued for organizational expenses	`SharesIssuedForOrganizationalExpense`	$5.00K	USD	12 Qtrs
Shares issued for organizational expenses	`SharesIssuedForOrganizationalExpense`	-	USD	Annual
Shares issued for organizational expenses	`SharesIssuedForOrganizationalExpense`	-	USD	Annual
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$119.00	USD	Annual
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-93.00	USD	12 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$318.00	USD	Annual
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	$5.00K	USD	12 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	$5.00K	USD	Annual
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	-	USD	Annual
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$17.58K	USD	Annual
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-9.44K	USD	Annual
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$40.88K	USD	12 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	12 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	Annual
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.47K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.11K	USD	12 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.93K	USD	Annual
CASH FLOW FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	12 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
CASH FLOW FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	12 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	Annual
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	-	USD	Annual
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	$-26.94K	USD	Annual
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	$-46.44K	USD	12 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromLoans`	$25.36K	USD	12 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromLoans`	$13.08K	USD	Annual
Proceeds from loans - unrelated parties	`ProceedsFromLoans`	$619.00	USD	Annual
Repayment of loans - unrelated party	`RepaymentsOfDebt`	$-5.00K	USD	12 Qtrs
Repayment of loans - unrelated party	`RepaymentsOfDebt`	-	USD	Annual
Repayment of loans - unrelated party	`RepaymentsOfDebt`	-	USD	Annual
Proceeds from loan - related party	`ProceedsFromRelatedPartyDebt`	$33.85K	USD	Annual
Proceeds from loan - related party	`ProceedsFromRelatedPartyDebt`	$101.00	USD	Annual
Proceeds from loan - related party	`ProceedsFromRelatedPartyDebt`	$35.19K	USD	12 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.24K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.47K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-34.11K	USD	12 Qtrs
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	12 Qtrs
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$317.00	USD	Annual
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT BEGINNING 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`	-	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
Interest	`InterestPaidNet`	-	USD	Annual
Interest	`InterestPaidNet`	-	USD	12 Qtrs
Interest	`InterestPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	$1.60K	USD	12 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$800.00	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	$800.00	USD	Annual
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	-	USD	Annual
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	-	USD	Annual
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	$2.50K	USD	12 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`SharesOutstanding`	-19,663.00	shares	Point-in-time
Balance	`SharesOutstanding`	1,835.00	shares	Point-in-time
Balance	`SharesOutstanding`	-44,360.00	shares	Point-in-time
Balance	`SharesOutstanding`	-19,202.00	shares	Point-in-time
Balance	`SharesOutstanding`	-19,663.00	shares	Point-in-time
Balance	`SharesOutstanding`	1,835.00	shares	Point-in-time
Balance	`SharesOutstanding`	-44,360.00	shares	Point-in-time
Balance	`SharesOutstanding`	-19,202.00	shares	Point-in-time
Shares issued for organizational costs on June 27, 2011	`StockIssuedDuringPeriodSharesNewIssues`	5,000.00	shares	Point-in-time
Shares issued to acquire product formula and samples on June 27, 2011	`StockIssuedDuringPeriodSharesAcquisitions`	2,500.00	shares	Point-in-time
Shares issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	25,000.00	shares	Annual
Expenses charged to capital upon completion of offering	`ExpensesChargedToCapitalUponCompletionOfOffering`	$-46.44K	USD	Annual
Debt forgiveness from shareholder	`DebtForgivenessFromShareholder`	$1.34K	USD	Annual
Net (loss)	`ProfitLoss`	$-21.50K	USD	Annual
Net (loss)	`ProfitLoss`	$-5.67K	USD	Point-in-time
Net income	`NetIncome`	$20.56K	USD	Annual
Net (loss)	`NetLoss`	$-25.16K	USD	Annual

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