10-Q Filing

MAKAMER HOLDINGS, INC. CIK: 1632081 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-20-012688`
Period End Date	20200331
Filing Date	20200515
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	cik0001632081-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 30 Cash Flow Statement 43 Stockholders Equity 17

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.38K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	5.30M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	5.24M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.20K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	5.30M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	5.24M	shares	Point-in-time
Inventory	`InventoryNet`	$1.04K	USD	Point-in-time
Inventory	`InventoryNet`	$518.00	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	38,336.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.43K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.72K	USD	Point-in-time
Leasehold improvements and equipment, net	`PropertyPlantAndEquipmentNet`	$4.23K	USD	Point-in-time
Leasehold improvements and equipment, net	`PropertyPlantAndEquipmentNet`	$6.04K	USD	Point-in-time
Operating lease asset, net	`OperatingLeaseRightOfUseAsset`	$7.02K	USD	Point-in-time
Operating lease asset, net	`OperatingLeaseRightOfUseAsset`	$8.32K	USD	Point-in-time
Total Assets	`Assets`	$20.79K	USD	Point-in-time
Total Assets	`Assets`	$21.96K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$113.79K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$68.98K	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$5.55K	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$5.41K	USD	Point-in-time
Due to Officers - related parties	`DueToOfficersOrStockholdersCurrent`	$58.00K	USD	Point-in-time
Due to Officers - related parties	`DueToOfficersOrStockholdersCurrent`	$53.02K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$330.10K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$362.10K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$507.44K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$489.51K	USD	Point-in-time
Operating lease liability, net of current	`OperatingLeaseLiabilityNoncurrent`	$2.91K	USD	Point-in-time
Operating lease liability, net of current	`OperatingLeaseLiabilityNoncurrent`	$1.47K	USD	Point-in-time
Total Liabilities	`Liabilities`	$492.43K	USD	Point-in-time
Total Liabilities	`Liabilities`	$508.92K	USD	Point-in-time
Commitments and Contingencies (See Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (See Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value; 250,000,000 shares authorized, 5,297,004 and 5,235,340 issued and outstanding, respectively	`CommonStockValue`	$533.00	USD	Point-in-time
Common stock, $0.0001 par value; 250,000,000 shares authorized, 5,297,004 and 5,235,340 issued and outstanding, respectively	`CommonStockValue`	$523.00	USD	Point-in-time
Treasury stock, 38,336 and 0 shares at March 31, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$38.34K	USD	Point-in-time
Treasury stock, 38,336 and 0 shares at March 31, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$442.46K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$334.76K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-806.92K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-891.61K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-486.95K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-387.88K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-353.15K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-471.64K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$21.96K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$20.79K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$4.61K	USD	1 Quarter
Sales	`Revenues`	$3.58K	USD	1 Quarter
Food, beverage and supplies	`CostOfServicesCatering`	$2.65K	USD	1 Quarter
Food, beverage and supplies	`CostOfServicesCatering`	$3.95K	USD	1 Quarter
Direct operating and occupancy	`DirectOperatingCosts`	$2.23K	USD	1 Quarter
Direct operating and occupancy	`DirectOperatingCosts`	$2.53K	USD	1 Quarter
Depreciation	`Depreciation`	$1.81K	USD	1 Quarter
Depreciation	`Depreciation`	$1.80K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$20.75K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$59.32K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.78K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.92K	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$40.81K	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$80.94K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-36.20K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-77.36K	USD	1 Quarter
Interest Expense	`InterestExpense`	$6.24K	USD	1 Quarter
Interest Expense	`InterestExpense`	$7.33K	USD	1 Quarter
Total Other Expenses	`OtherNonoperatingIncomeExpense`	$-6.24K	USD	1 Quarter
Total Other Expenses	`OtherNonoperatingIncomeExpense`	$-7.33K	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-84.69K	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-42.44K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-84.69K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-42.44K	USD	1 Quarter
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average number of shares outstanding during the period - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.24M	shares	1 Quarter
Weighted average number of shares outstanding during the period - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.24M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-84.69K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-42.44K	USD	1 Quarter
In-kind contribution of services	`ShareBasedCompensation`	$7.71K	USD	1 Quarter
In-kind contribution of services	`ShareBasedCompensation`	$7.71K	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.81K	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.80K	USD	1 Quarter
Amortization of operating lease assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of operating lease assets	`AmortizationOfIntangibleAssets`	$1.30K	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	$-304.00	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	$-526.00	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$19.48K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$44.81K	USD	1 Quarter
Decrease in operating lease liability	`IncreaseDecreaseInOperatingLiabilities`	$1.30K	USD	1 Quarter
Decrease in operating lease liability	`IncreaseDecreaseInOperatingLiabilities`	-	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-29.83K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.14K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from/due to officers	`ProceedsFromRelatedPartyDebt`	$997.00	USD	1 Quarter
Proceeds from/due to officers	`ProceedsFromRelatedPartyDebt`	$4.99K	USD	1 Quarter
Repayment of note payable - related party	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayment of note payable - related party	`RepaymentsOfNotesPayable`	$2.00K	USD	1 Quarter
Proceeds from note payable - related party	`ProceedsFromSecuredNotesPayable`	$12.00K	USD	1 Quarter
Proceeds from note payable - related party	`ProceedsFromSecuredNotesPayable`	$70.00K	USD	1 Quarter
Purchase of common stock	`PurchaseOfTreasuryStock`	-	USD	1 Quarter
Purchase of common stock	`PurchaseOfTreasuryStock`	$38.34K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$13.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$34.65K	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.82K	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-146.00	USD	1 Quarter
Cash at Beginning of Period	`Cash`	$463.00	USD	Point-in-time
Cash at Beginning of Period	`Cash`	$5.38K	USD	Point-in-time
Cash at Beginning of Period	`Cash`	$10.20K	USD	Point-in-time
Cash at Beginning of Period	`Cash`	$609.00	USD	Point-in-time
Cash at End of Period	`Cash`	$463.00	USD	Point-in-time
Cash at End of Period	`Cash`	$5.38K	USD	Point-in-time
Cash at End of Period	`Cash`	$10.20K	USD	Point-in-time
Cash at End of Period	`Cash`	$609.00	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Note payable - related party, converted into shares of common stock	`NotePayableRelatedPartyConvertedIntoSharesOfCommonStock`	-	USD	1 Quarter
Note payable - related party, converted into shares of common stock	`NotePayableRelatedPartyConvertedIntoSharesOfCommonStock`	$100.00K	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Price per share	`SaleOfStockPricePerShare`	$1.00	USD	Point-in-time
Price per share	`SaleOfStockPricePerShare`	$1.00	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$-486.95K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$-387.88K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$-353.15K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$-471.64K	USD	Point-in-time
Conversion of note payable - related party to common shares ($1.00/ per share)	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$100.00K	USD	1 Quarter
Repurchase of common shares ($1.00/ per share)	`PaymentsForRepurchaseOfCommonStock`	$38.34K	USD	1 Quarter
Repurchase of common shares ($1.00/ per share), shares	`StockRepurchasedDuringPeriodShares`	38,336.00	shares	Point-in-time
In kind contribution of services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.71K	USD	1 Quarter
In kind contribution of services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-84.69K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-42.44K	USD	1 Quarter
Balance ending	`StockholdersEquity`	$-486.95K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$-387.88K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$-353.15K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$-471.64K	USD	Point-in-time

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