10-Q Filing

MAKAMER HOLDINGS, INC. CIK: 1632081 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-20-020901`
Period End Date	20200630
Filing Date	20200807
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	cik0001632081-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 68 Cash Flow Statement 51 Stockholders Equity 29

Balance Sheet 55 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, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.24M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.38K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.80M	shares	Point-in-time
Inventory	`InventoryNet`	$1.04K	USD	Point-in-time
Inventory	`InventoryNet`	$306.00	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.80M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	38,336.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.91M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.43K	USD	Point-in-time
Leasehold improvements and equipment, net	`PropertyPlantAndEquipmentNet`	$2.42K	USD	Point-in-time
Leasehold improvements and equipment, net	`PropertyPlantAndEquipmentNet`	$6.04K	USD	Point-in-time
Operating lease asset, net	`OperatingLeaseRightOfUseAsset`	$5.69K	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`	$1.92M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.48K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$68.98K	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$5.69K	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$5.41K	USD	Point-in-time
Due to Officers - related parties	`DueToOfficersOrStockholdersCurrent`	$53.02K	USD	Point-in-time
Due to Officers - related parties	`DueToOfficersOrStockholdersCurrent`	$60.21K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$362.10K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$77.38K	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`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$492.43K	USD	Point-in-time
Total Liabilities	`Liabilities`	$77.38K	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, 7,797,004 and 5,235,340 issued and outstanding, respectively	`CommonStockValue`	$523.00	USD	Point-in-time
Common stock, $0.0001 par value; 250,000,000 shares authorized, 7,797,004 and 5,235,340 issued and outstanding, respectively	`CommonStockValue`	$783.00	USD	Point-in-time
Treasury stock, 38,336 and 0 shares at June 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Treasury stock, 38,336 and 0 shares at June 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$38.34K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$334.76K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-806.92K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.07M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$1.84M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-387.88K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-353.15K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-486.95K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-430.02K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-471.64K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$20.79K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$1.92M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	-	USD	1 Quarter
Sales	`Revenues`	$8.81K	USD	2 Qtrs
Sales	`Revenues`	$4.21K	USD	1 Quarter
Sales	`Revenues`	$3.58K	USD	2 Qtrs
Food, beverage and supplies	`CostOfServicesCatering`	$8.42K	USD	2 Qtrs
Food, beverage and supplies	`CostOfServicesCatering`	$212.00	USD	1 Quarter
Food, beverage and supplies	`CostOfServicesCatering`	$4.47K	USD	1 Quarter
Food, beverage and supplies	`CostOfServicesCatering`	$2.86K	USD	2 Qtrs
Direct operating and occupancy	`DirectOperatingCosts`	$4.89K	USD	2 Qtrs
Direct operating and occupancy	`DirectOperatingCosts`	$2.37K	USD	1 Quarter
Direct operating and occupancy	`DirectOperatingCosts`	$4.24K	USD	2 Qtrs
Direct operating and occupancy	`DirectOperatingCosts`	$2.00K	USD	1 Quarter
Depreciation	`Depreciation`	$3.62K	USD	2 Qtrs
Depreciation	`Depreciation`	$3.63K	USD	2 Qtrs
Depreciation	`Depreciation`	$1.82K	USD	1 Quarter
Depreciation	`Depreciation`	$1.81K	USD	1 Quarter
Consulting - related parties	`ConsultingRelatedParties`	$80.00K	USD	1 Quarter
Consulting - related parties	`ConsultingRelatedParties`	-	USD	1 Quarter
Consulting - related parties	`ConsultingRelatedParties`	-	USD	2 Qtrs
Consulting - related parties	`ConsultingRelatedParties`	$80.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$11.46K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$68.75K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$128.07K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$32.21K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$38.97K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$23.66K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$38.59K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$27.19K	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$176.44K	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$88.12K	USD	2 Qtrs
Total cost and expenses	`CostsAndExpenses`	$257.38K	USD	2 Qtrs
Total cost and expenses	`CostsAndExpenses`	$47.31K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-253.81K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-79.31K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-176.44K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-43.10K	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	$191.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$191.00	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest Expense	`InterestExpense`	$6.75K	USD	1 Quarter
Interest Expense	`InterestExpense`	$1.76K	USD	1 Quarter
Interest Expense	`InterestExpense`	$9.09K	USD	2 Qtrs
Interest Expense	`InterestExpense`	$12.99K	USD	2 Qtrs
Total Other Expenses	`OtherNonoperatingIncomeExpense`	$-6.75K	USD	1 Quarter
Total Other Expenses	`OtherNonoperatingIncomeExpense`	$-1.57K	USD	1 Quarter
Total Other Expenses	`OtherNonoperatingIncomeExpense`	$-12.99K	USD	2 Qtrs
Total Other Expenses	`OtherNonoperatingIncomeExpense`	$-8.90K	USD	2 Qtrs
LOSS FROM OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-262.71K	USD	2 Qtrs
LOSS FROM OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-178.01K	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-92.30K	USD	2 Qtrs
LOSS FROM OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-49.85K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-178.01K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-92.30K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-262.71K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-49.85K	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
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
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`	7.42M	shares	1 Quarter
Weighted average number of shares outstanding during the period - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.24M	shares	2 Qtrs
Weighted average number of shares outstanding during the period - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.33M	shares	2 Qtrs

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Converted into shares of common stock	`ConversionOfStockSharesConverted1`	100,000.00	shares	2 Qtrs
Net Loss	`NetIncomeLoss`	$-178.01K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-92.30K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-262.71K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-49.85K	USD	1 Quarter
In-kind contribution of services	`ShareBasedCompensation`	$15.43K	USD	2 Qtrs
In-kind contribution of services	`ShareBasedCompensation`	$15.43K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$3.62K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$3.63K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$1.82K	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.81K	USD	1 Quarter
Amortization of operating lease assets	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization of operating lease assets	`AmortizationOfIntangibleAssets`	$2.64K	USD	2 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$-738.00	USD	2 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$-212.00	USD	2 Qtrs
Increase (Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-57.50K	USD	2 Qtrs
Increase (Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$30.14K	USD	2 Qtrs
Decrease in operating lease liability	`DecreaseInOperatingLeaseLiability`	-	USD	2 Qtrs
Decrease in operating lease liability	`DecreaseInOperatingLeaseLiability`	$2.64K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-42.89K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-300.42K	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from common stock issuance for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from common stock issuance for cash	`ProceedsFromIssuanceOfCommonStock`	$2.50M	USD	2 Qtrs
Proceeds from due to officers	`ProceedsFromRelatedPartyDebt`	$4.45K	USD	2 Qtrs
Proceeds from due to officers	`ProceedsFromRelatedPartyDebt`	$7.20K	USD	2 Qtrs
Repayment of note payable - related party	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Repayment of note payable - related party	`RepaymentsOfNotesPayable`	$332.10K	USD	2 Qtrs
Proceeds from note payable - related party	`ProceedsFromSecuredNotesPayable`	$38.10K	USD	2 Qtrs
Proceeds from note payable - related party	`ProceedsFromSecuredNotesPayable`	$70.00K	USD	2 Qtrs
Purchase of treasury stock	`PurchaseOfTreasuryStock`	-	USD	2 Qtrs
Purchase of treasury stock	`PurchaseOfTreasuryStock`	$38.34K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$42.55K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.21M	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.91M	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-340.00	USD	2 Qtrs
Cash at Beginning of Period	`Cash`	$609.00	USD	Point-in-time
Cash at Beginning of Period	`Cash`	$1.91M	USD	Point-in-time
Cash at Beginning of Period	`Cash`	$269.00	USD	Point-in-time
Cash at Beginning of Period	`Cash`	$5.38K	USD	Point-in-time
Cash at End of Period	`Cash`	$609.00	USD	Point-in-time
Cash at End of Period	`Cash`	$1.91M	USD	Point-in-time
Cash at End of Period	`Cash`	$269.00	USD	Point-in-time
Cash at End of Period	`Cash`	$5.38K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$9.09K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Note payable - related party, converted into 100,000 shares of common stock	`NotePayableRelatedPartyConvertedIntoSharesOfCommonStock`	-	USD	2 Qtrs
Note payable - related party, converted into 100,000 shares of common stock	`NotePayableRelatedPartyConvertedIntoSharesOfCommonStock`	$100.00K	USD	2 Qtrs

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Conversion of note payable - related party to common shares, per share	`ConversionOfNotePayableRelatedPartyToCommonSharesPerShare`	$1.00	USD	2 Qtrs
Repurchase of common shares, per share	`RepurchaseOfCommonSharesPerShare`	$1.00	USD	2 Qtrs
Common stock issued for cash, per share	`CommonStockIssuedForCashPerShare`	$1.00	USD	2 Qtrs
Common stock issued for cash, per share	`CommonStockIssuedForCashPerShare`	$1.00	USD	1 Quarter
Balance beginning	`StockholdersEquity`	$1.84M	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`	$-486.95K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$-430.02K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$-471.64K	USD	Point-in-time
Conversion of note payable - related party to common shares ($1.00/share)	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$100.00K	USD	2 Qtrs
Repurchase of common shares ($1.00/share)	`PaymentsForRepurchaseOfCommonStock`	$38.34K	USD	2 Qtrs
Repurchase of common shares ($1.00/share), shares	`StockRepurchasedDuringPeriodShares`	38,336.00	shares	Point-in-time
Common stock issued for cash ($1.00/share)	`StockIssuedDuringPeriodValueIssuedforCash`	$2.50M	USD	1 Quarter
Common stock issued for cash ($1.00/share)	`StockIssuedDuringPeriodValueIssuedforCash`	$2.50M	USD	2 Qtrs
In kind contribution of services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.43K	USD	2 Qtrs
In kind contribution of services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.71K	USD	1 Quarter
In kind contribution of services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.43K	USD	2 Qtrs
In kind contribution of services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-178.01K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-92.30K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-262.71K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-49.85K	USD	1 Quarter
Balance ending	`StockholdersEquity`	$1.84M	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`	$-486.95K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$-430.02K	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.