10-Q Filing

IQSTEL INC CIK: 1527702 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001078782-14-002010`
Period End Date	20140930
Filing Date	20141114
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	bmav-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 35 Cash Flow Statement 39

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash or cash equivalents	`Cash`	-	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$297.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory	`InventoryNet`	$93.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory	`InventoryNet`	$93.00	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
Total Current Assets	`AssetsCurrent`	$390.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$93.00	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
Intangible asset - Product formulas, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Total Other Assets	`OtherAssets`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$390.00	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`	$4.98K	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 1	`LoansPayableCurrent`	$619.00	USD	Point-in-time
Loans - unrelated party 1	`LoansPayableCurrent`	$619.00	USD	Point-in-time
Loans - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$33.85K	USD	Point-in-time
Loans - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$45.91K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$44.45K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$56.50K	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`	$-43.51K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-56.11K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-44.36K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$390.00	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$93.00	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$3.80K	USD	1 Quarter
Revenue	`Revenues`	$9.46K	USD	13 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.24K	USD	13 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$421.00	USD	1 Quarter
Gross margin	`GrossProfit`	$3.38K	USD	1 Quarter
Gross margin	`GrossProfit`	$8.22K	USD	13 Qtrs
Samples/marketing expense	`MarketingExpense`	$4.02K	USD	13 Qtrs
Samples/marketing expense	`MarketingExpense`	$101.00	USD	1 Quarter
Consulting and other expenses	`OtherCostAndExpenseOperating`	$10.66K	USD	1 Quarter
Consulting and other expenses	`OtherCostAndExpenseOperating`	$13.53K	USD	1 Quarter
Consulting and other expenses	`OtherCostAndExpenseOperating`	$91.60K	USD	13 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	$2.50K	USD	13 Qtrs
Organization expenses	`GeneralAndAdministrativeExpense`	$5.67K	USD	13 Qtrs
Total expenses	`OperatingExpenses`	$103.78K	USD	13 Qtrs
Total expenses	`OperatingExpenses`	$13.63K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$10.66K	USD	1 Quarter
Interest expense	`InterestExpense`	$-1.19K	USD	13 Qtrs
Interest expense	`InterestExpense`	$-35.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-296.00	USD	1 Quarter
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	$55.64K	USD	13 Qtrs
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$-35.00	USD	1 Quarter
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$-296.00	USD	1 Quarter
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$54.45K	USD	13 Qtrs
Net income/(loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.29K	USD	1 Quarter
Net income/(loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.95K	USD	1 Quarter
Net income/(loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-41.11K	USD	13 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$800.00	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$2.40K	USD	13 Qtrs
Net income/(loss)	`ProfitLoss`	$-10.29K	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$-11.75K	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$-43.51K	USD	13 Qtrs
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.00M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.00M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss) 1	`NetIncomeLoss`	$-10.29K	USD	1 Quarter
Net income/(loss) 1	`NetIncomeLoss`	$-11.75K	USD	1 Quarter
Net income/(loss) 1	`NetIncomeLoss`	$-43.51K	USD	13 Qtrs
Amortization	`AdjustmentForAmortization`	$2.50K	USD	13 Qtrs
Gain on debt relief	`GainOnDebtRelief`	$-55.64K	USD	13 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	$5.00K	USD	13 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-93.00	USD	13 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$31.00	USD	1 Quarter
(Increase)/decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-297.00	USD	13 Qtrs
(Increase)/decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-297.00	USD	1 Quarter
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	$5.00K	USD	13 Qtrs
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$40.88K	USD	13 Qtrs
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.08K	USD	1 Quarter
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.00	USD	1 Quarter
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.34K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.16K	USD	13 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.05K	USD	1 Quarter
CASH FLOW FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Common stock issued for cash 1	`CommonStockIssuedForCash1`	$25.00K	USD	13 Qtrs
Deferred offering expenses paid in cash 1	`DeferredOfferingExpensesPaidInCash`	$-46.44K	USD	13 Qtrs
Proceeds from loans - unrelated party	`ProceedsFromLoans`	$25.36K	USD	13 Qtrs
Repayment of loans - unrelated party	`RepaymentsOfDebt`	$-5.00K	USD	13 Qtrs
Proceeds from loan - related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$17.50K	USD	1 Quarter
Proceeds from loan - related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$12.05K	USD	1 Quarter
Proceeds from loan - related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$47.24K	USD	13 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.50K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.05K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.16K	USD	13 Qtrs
CHANGE IN CASH 1	`CashPeriodIncreaseDecrease`	$2.16K	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.16K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.16K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$2.40K	USD	13 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$800.00	USD	1 Quarter
Stock issued for acquiring formulas and product samples	`StockIssuedForAcquiringFormulasAndProductSamples`	$2.50K	USD	13 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.