10-Q Filing

MAKAMER HOLDINGS, INC. CIK: 1632081 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-20-035270`
Period End Date	20200930
Filing Date	20201105
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	cik0001632081-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 72 Cash Flow Statement 53 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.80M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.38K	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
Inventory	`InventoryNet`	$1.04K	USD	Point-in-time
Inventory	`InventoryNet`	$1.15K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.75M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.43K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	38,336.00	shares	Point-in-time
Leasehold improvements and equipment, net	`PropertyPlantAndEquipmentNet`	$6.04K	USD	Point-in-time
Leasehold improvements and equipment, net	`PropertyPlantAndEquipmentNet`	$610.00	USD	Point-in-time
Operating lease asset, net	`OperatingLeaseRightOfUseAsset`	$4.32K	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`	$1.75M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.75K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$68.98K	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$4.32K	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`	$61.11K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$362.10K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$80.18K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$489.51K	USD	Point-in-time
Operating lease liability, net of current	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liability, net of current	`OperatingLeaseLiabilityNoncurrent`	$2.91K	USD	Point-in-time
Total Liabilities	`Liabilities`	$492.43K	USD	Point-in-time
Total Liabilities	`Liabilities`	$80.18K	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`	$783.00	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`	$523.00	USD	Point-in-time
Treasury stock, 38,336 and 0 shares at September 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Treasury stock, 38,336 and 0 shares at September 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$38.34K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.96M	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`	$-1.25M	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 Stockholders Equity (Deficit)	`StockholdersEquity`	$-353.15K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-453.29K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$1.67M	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$1.84M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$20.79K	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$1.75M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$1.89K	USD	1 Quarter
Sales	`Revenues`	$5.22K	USD	1 Quarter
Sales	`Revenues`	$14.04K	USD	3 Qtrs
Sales	`Revenues`	$5.47K	USD	3 Qtrs
Food, beverage and supplies	`CostOfServicesCatering`	$1.04K	USD	1 Quarter
Food, beverage and supplies	`CostOfServicesCatering`	$3.90K	USD	3 Qtrs
Food, beverage and supplies	`CostOfServicesCatering`	$11.62K	USD	3 Qtrs
Food, beverage and supplies	`CostOfServicesCatering`	$3.20K	USD	1 Quarter
Direct operating and occupancy	`DirectOperatingCosts`	$2.33K	USD	1 Quarter
Direct operating and occupancy	`DirectOperatingCosts`	$7.22K	USD	3 Qtrs
Direct operating and occupancy	`DirectOperatingCosts`	$5.72K	USD	3 Qtrs
Direct operating and occupancy	`DirectOperatingCosts`	$1.49K	USD	1 Quarter
Depreciation	`Depreciation`	$5.47K	USD	3 Qtrs
Depreciation	`Depreciation`	$5.43K	USD	3 Qtrs
Depreciation	`Depreciation`	$1.80K	USD	1 Quarter
Depreciation	`Depreciation`	$1.84K	USD	1 Quarter
Consulting - related parties	`ConsultingRelatedParties`	$120.00K	USD	1 Quarter
Consulting - related parties	`ConsultingRelatedParties`	-	USD	3 Qtrs
Consulting - related parties	`ConsultingRelatedParties`	$200.00K	USD	3 Qtrs
Consulting - related parties	`ConsultingRelatedParties`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$18.16K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.16K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$41.37K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$146.23K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$75.97K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$37.38K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$52.11K	USD	3 Qtrs
Total cost and expenses	`CostsAndExpenses`	$29.67K	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$179.87K	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$437.25K	USD	3 Qtrs
Total cost and expenses	`CostsAndExpenses`	$117.79K	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-103.75K	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-431.78K	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-24.45K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-177.98K	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	-	USD	3 Qtrs
Other Income	`OtherNonoperatingIncome`	$1.00K	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$1.00K	USD	3 Qtrs
Interest Income	`InvestmentIncomeInterest`	-	USD	3 Qtrs
Interest Income	`InvestmentIncomeInterest`	$260.00	USD	3 Qtrs
Interest Income	`InvestmentIncomeInterest`	$69.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest Expense	`InterestExpense`	$6.53K	USD	1 Quarter
Interest Expense	`InterestExpense`	$19.52K	USD	3 Qtrs
Interest Expense	`InterestExpense`	-	USD	1 Quarter
Interest Expense	`InterestExpense`	$9.09K	USD	3 Qtrs
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$-6.53K	USD	1 Quarter
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$-19.52K	USD	3 Qtrs
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$1.07K	USD	1 Quarter
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$-7.83K	USD	3 Qtrs
LOSS FROM OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-176.91K	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-30.98K	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-123.28K	USD	3 Qtrs
LOSS FROM OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-439.62K	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-30.98K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-123.28K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-439.62K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-176.91K	USD	1 Quarter
Net Loss Per Share - Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Net Loss Per Share - Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net Loss Per Share - Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net Loss Per Share - Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	3 Qtrs
Weighted average number of shares outstanding during the period - Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.24M	shares	3 Qtrs
Weighted average number of shares outstanding during the period - Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.80M	shares	1 Quarter
Weighted average number of shares outstanding during the period - Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.24M	shares	1 Quarter
Weighted average number of shares outstanding during the period - Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.84M	shares	3 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Converted into shares of common stock	`ConversionOfStockSharesConverted2`	100,000.00	shares	3 Qtrs
Net Loss	`NetIncomeLoss`	$-30.98K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-123.28K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-439.62K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-176.91K	USD	1 Quarter
In-kind contribution of services	`ShareBasedCompensation`	$23.14K	USD	3 Qtrs
In-kind contribution of services	`ShareBasedCompensation`	$23.14K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$5.47K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$5.43K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$1.80K	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.84K	USD	1 Quarter
Amortization of operating lease assets	`AmortizationOfIntangibleAssets`	$831.00	USD	3 Qtrs
Amortization of operating lease assets	`AmortizationOfIntangibleAssets`	$4.01K	USD	3 Qtrs
(Increase) Decrease in inventory	`IncreaseDecreaseInInventories`	$-2.00	USD	3 Qtrs
(Increase) Decrease in inventory	`IncreaseDecreaseInInventories`	$109.00	USD	3 Qtrs
Increase (Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-54.23K	USD	3 Qtrs
Increase (Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$17.13K	USD	3 Qtrs
Decrease in operating lease liability	`DecreaseInOperatingLeaseLiability`	$4.01K	USD	3 Qtrs
Decrease in operating lease liability	`DecreaseInOperatingLeaseLiability`	$831.00	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-465.38K	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-77.53K	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from common stock issuance for cash	`ProceedsFromIssuanceOfCommonStock`	$2.50M	USD	3 Qtrs
Proceeds from common stock issuance for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from/due to officers	`ProceedsFromRelatedPartyDebt`	$8.09K	USD	3 Qtrs
Proceeds from/due to officers	`ProceedsFromRelatedPartyDebt`	$16.19K	USD	3 Qtrs
Repayment of note payable - related party	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Repayment of note payable - related party	`RepaymentsOfNotesPayable`	$332.10K	USD	3 Qtrs
Proceeds from note payable - related party	`ProceedsFromSecuredNotesPayable`	$70.00K	USD	3 Qtrs
Proceeds from note payable - related party	`ProceedsFromSecuredNotesPayable`	$62.10K	USD	3 Qtrs
Purchase of treasury stock	`PurchaseOfTreasuryStock`	-	USD	3 Qtrs
Purchase of treasury stock	`PurchaseOfTreasuryStock`	$38.34K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.21M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$78.29K	USD	3 Qtrs
Net Increase in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.74M	USD	3 Qtrs
Net Increase in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$764.00	USD	3 Qtrs
Cash at Beginning of Period	`Cash`	$1.75M	USD	Point-in-time
Cash at Beginning of Period	`Cash`	$5.38K	USD	Point-in-time
Cash at Beginning of Period	`Cash`	$1.37K	USD	Point-in-time
Cash at Beginning of Period	`Cash`	$609.00	USD	Point-in-time
Cash at End of Period	`Cash`	$1.75M	USD	Point-in-time
Cash at End of Period	`Cash`	$5.38K	USD	Point-in-time
Cash at End of Period	`Cash`	$1.37K	USD	Point-in-time
Cash at End of Period	`Cash`	$609.00	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$9.09K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Operating lease asset obtained for operating lease liability	`OperatingLeaseAssetObtainedForOperatingLeaseLiability`	$10.43K	USD	3 Qtrs
Operating lease asset obtained for operating lease liability	`OperatingLeaseAssetObtainedForOperatingLeaseLiability`	-	USD	3 Qtrs
Note payable - related party, converted into 100,000 shares of common stock	`NotePayableRelatedPartyConvertedIntoSharesOfCommonStock`	$100.00K	USD	3 Qtrs
Note payable - related party, converted into 100,000 shares of common stock	`NotePayableRelatedPartyConvertedIntoSharesOfCommonStock`	-	USD	3 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	3 Qtrs
Repurchase of common shares, per share	`RepurchaseOfCommonSharesPerShare`	$1.00	USD	3 Qtrs
Common stock issued for cash, per share	`CommonStockIssuedForCashPerShare`	$1.00	USD	3 Qtrs
Balance,	`StockholdersEquity`	$-430.02K	USD	Point-in-time
Balance,	`StockholdersEquity`	$-471.64K	USD	Point-in-time
Balance,	`StockholdersEquity`	$-353.15K	USD	Point-in-time
Balance,	`StockholdersEquity`	$-453.29K	USD	Point-in-time
Balance,	`StockholdersEquity`	$1.67M	USD	Point-in-time
Balance,	`StockholdersEquity`	$1.84M	USD	Point-in-time
Conversion of note payable - related party to common shares ($1.00/share)	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$100.00K	USD	3 Qtrs
Repurchase of common shares ($1.00/share)	`PaymentsForRepurchaseOfCommonStock`	$38.34K	USD	3 Qtrs
Repurchase of common shares ($1.00/share) (in Shares)	`StockRepurchasedDuringPeriodShares`	38,336.00	shares	Point-in-time
Common stock issued for cash ($1.00/share)	`StockIssuedDuringPeriodValueIssuedforCash`	$2.50M	USD	3 Qtrs
Common stock issued for cash ($1.00/share) (in Shares)	`StockIssuedDuringPeriodSharesIssuedForCash`	2.50M	shares	Point-in-time
Common stock issued for cash ($1.00/share) (in Shares)	`StockIssuedDuringPeriodSharesIssuedForCash`	0.10	shares	Point-in-time
In kind contribution of services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.71K	USD	1 Quarter
In kind contribution of services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.14K	USD	3 Qtrs
In kind contribution of services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.14K	USD	3 Qtrs
In kind contribution of services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-30.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-123.28K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-439.62K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-176.91K	USD	1 Quarter
Balance	`StockholdersEquity`	$-430.02K	USD	Point-in-time
Balance	`StockholdersEquity`	$-471.64K	USD	Point-in-time
Balance	`StockholdersEquity`	$-353.15K	USD	Point-in-time
Balance	`StockholdersEquity`	$-453.29K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.84M	USD	Point-in-time

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