10-Q Filing

IQSTEL INC CIK: 1527702 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001078782-15-000136`
Period End Date	20141231
Filing Date	20150130
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	bmav-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 80 Cash Flow Statement 73

Balance Sheet 55 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	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred Stock,shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred Stock,shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$447.00	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Inventory	`InventoryNet`	$93.00	USD	Point-in-time
Inventory	`InventoryNet`	$93.00	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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
Total Current Assets	`AssetsCurrent`	$93.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$540.00	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
Intangible asset - Product formulas, net	`IntangibleAssetsNetExcludingGoodwill`	-	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	`IntangibleAssetsNetExcludingGoodwill`	-	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 Other Assets	`OtherAssets`	-	USD	Point-in-time
Total Other Assets	`OtherAssets`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$540.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$93.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.28K	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	`LoansPayableCurrent`	$619.00	USD	Point-in-time
Loans - unrelated party	`LoansPayableCurrent`	$619.00	USD	Point-in-time
Loans - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$33.85K	USD	Point-in-time
Loans - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$51.66K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$62.55K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$44.45K	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`	$-49.41K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-44.36K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-62.01K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$93.00	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$540.00	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$3.80K	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	$9.46K	USD	14 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$421.00	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	-	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.24K	USD	14 Qtrs
Gross margin	`GrossProfit`	$8.22K	USD	14 Qtrs
Gross margin	`GrossProfit`	-	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Gross margin	`GrossProfit`	$3.38K	USD	2 Qtrs
Gross margin	`GrossProfit`	-	USD	2 Qtrs
Samples/marketing expense	`MarketingExpense`	$101.00	USD	2 Qtrs
Samples/marketing expense	`MarketingExpense`	-	USD	1 Quarter
Samples/marketing expense	`MarketingExpense`	-	USD	1 Quarter
Samples/marketing expense	`MarketingExpense`	-	USD	2 Qtrs
Samples/marketing expense	`MarketingExpense`	$4.02K	USD	14 Qtrs
Consulting and other expenses	`OtherCostAndExpenseOperating`	$16.26K	USD	2 Qtrs
Consulting and other expenses	`OtherCostAndExpenseOperating`	$19.30K	USD	2 Qtrs
Consulting and other expenses	`OtherCostAndExpenseOperating`	$97.20K	USD	14 Qtrs
Consulting and other expenses	`OtherCostAndExpenseOperating`	$5.77K	USD	1 Quarter
Consulting and other expenses	`OtherCostAndExpenseOperating`	$5.60K	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	$2.50K	USD	14 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Organization expenses	`GeneralAndAdministrativeExpense`	-	USD	2 Qtrs
Organization expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
Organization expenses	`GeneralAndAdministrativeExpense`	-	USD	2 Qtrs
Organization expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
Organization expenses	`GeneralAndAdministrativeExpense`	$5.67K	USD	14 Qtrs
Total expenses	`OperatingExpenses`	$109.38K	USD	14 Qtrs
Total expenses	`OperatingExpenses`	$19.40K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$5.60K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$16.26K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$5.77K	USD	1 Quarter
Interest expense	`InterestExpense`	$-300.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-1.49K	USD	14 Qtrs
Interest expense	`InterestExpense`	$-319.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$-284.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-596.00	USD	2 Qtrs
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	$55.64K	USD	14 Qtrs
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$-284.00	USD	1 Quarter
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$-300.00	USD	1 Quarter
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$-319.00	USD	2 Qtrs
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$-596.00	USD	2 Qtrs
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$54.15K	USD	14 Qtrs
Net income/(loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.85K	USD	2 Qtrs
Net income/(loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.05K	USD	1 Quarter
Net income/(loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-47.01K	USD	14 Qtrs
Net income/(loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.90K	USD	1 Quarter
Net income/(loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.34K	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$800.00	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$800.00	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$800.00	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$2.40K	USD	14 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-49.41K	USD	14 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-6.85K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-17.14K	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-17.65K	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-5.90K	USD	1 Quarter
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	14 Qtrs
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 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	2 Qtrs
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
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	0.00	shares	14 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.00M	shares	2 Qtrs

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`ProfitLoss`	$-17.65K	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$-49.41K	USD	14 Qtrs
Net income/(loss)	`ProfitLoss`	$-17.14K	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	-	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$2.50K	USD	14 Qtrs
Amortization	`AdjustmentForAmortization`	-	USD	2 Qtrs
Gain on debt relief	`GainOnDebtRelief`	$-55.64K	USD	14 Qtrs
Gain on debt relief	`GainOnDebtRelief`	-	USD	2 Qtrs
Gain on debt relief	`GainOnDebtRelief`	-	USD	2 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	-	USD	2 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	-	USD	2 Qtrs
Shares issued for organizational expense	`SharesIssuedForOrganizationalExpense`	$5.00K	USD	14 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$31.00	USD	2 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-93.00	USD	14 Qtrs
(Increase)/decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-447.00	USD	2 Qtrs
(Increase)/decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-447.00	USD	14 Qtrs
(Increase)/decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	-	USD	2 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	$5.00K	USD	14 Qtrs
Increase in sales revenue received in advance	`IncreaseInSalesRevenueReceivedInAdvance`	-	USD	2 Qtrs
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$41.18K	USD	14 Qtrs
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$299.00	USD	2 Qtrs
Increase/(decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.90K	USD	2 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	2 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	2 Qtrs
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	14 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-51.91K	USD	14 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.80K	USD	2 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
CASH FLOW FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	14 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	14 Qtrs
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	-	USD	2 Qtrs
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	-	USD	2 Qtrs
Deferred offering expenses paid in cash	`DeferredOfferingExpensesPaidInCash`	$-46.44K	USD	14 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromLoans`	-	USD	2 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromLoans`	-	USD	2 Qtrs
Proceeds from loans - unrelated parties	`ProceedsFromLoans`	$25.36K	USD	14 Qtrs
Repayment of loans - unrelated party	`RepaymentsOfDebt`	$-5.00K	USD	14 Qtrs
Repayment of loans - unrelated party	`RepaymentsOfDebt`	-	USD	2 Qtrs
Repayment of loans - unrelated party	`RepaymentsOfDebt`	-	USD	2 Qtrs
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$22.00K	USD	2 Qtrs
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$52.99K	USD	14 Qtrs
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$17.80K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.80K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.91K	USD	14 Qtrs
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	14 Qtrs
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
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`	-	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`	-	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
Interest	`InterestPaidNet`	-	USD	2 Qtrs
Interest	`InterestPaidNet`	-	USD	14 Qtrs
Interest	`InterestPaidNet`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$2.40K	USD	14 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$800.00	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$800.00	USD	2 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	14 Qtrs

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