10-Q Filing

SYNDICATED RESORTS ASSOCIATION,INC. CIK: 1723177 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-008080`
Period End Date	20190331
Filing Date	20190522
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	srai-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 26 Cash Flow Statement 24 Stockholders Equity 12

Balance Sheet 44 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.80K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.49K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$20.04K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.63K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Assets	`Assets`	$1.63K	USD	Point-in-time
Total Assets	`Assets`	$1.80K	USD	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.99M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.99M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	$20.06K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	$3.37K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.99M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.99M	shares	Point-in-time
Credit Card Payable	`CreditCardPayable`	$19.24K	USD	Point-in-time
Credit Card Payable	`CreditCardPayable`	$9.95K	USD	Point-in-time
Total Liabilities	`Liabilities`	$39.30K	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.32K	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock - Par Value $0.0001, 20,000,000 Shares Authorized, 0 Issued and Outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock - Par Value $0.0001, 20,000,000 Shares Authorized, 0 Issued and Outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common Stock - Par Value $0.0001, 100,000,000 Shares Authorized, 7,990,000 Issued and Outstanding	`CommonStockValue`	$799.00	USD	Point-in-time
Common Stock - Par Value $0.0001, 100,000,000 Shares Authorized, 7,990,000 Issued and Outstanding	`CommonStockValue`	$799.00	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$131.76K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$130.95K	USD	Point-in-time
Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-170.24K	USD	Point-in-time
Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-143.28K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$-37.67K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$14.34K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$-11.52K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$-2.13K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$1.63K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$1.80K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
General and Administrative	`GeneralAndAdministrativeExpense`	$3.91K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$5.32K	USD	1 Quarter
Legal and Professional	`LegalAndProfessionalFees`	$6.00K	USD	1 Quarter
Legal and Professional	`LegalAndProfessionalFees`	$20.98K	USD	1 Quarter
Outside Services	`OutsideServices`	-	USD	1 Quarter
Outside Services	`OutsideServices`	$8.97K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$26.30K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$18.88K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-26.30K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-18.88K	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$1.53K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$123.00	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$657.00	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$1.41K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-657.00	USD	1 Quarter
Loss from Operations before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-26.96K	USD	1 Quarter
Loss from Operations before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-17.47K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`ProfitLoss`	$-26.96K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-17.47K	USD	1 Quarter
Weighted Average Number of Common Shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.99M	shares	1 Quarter
Weighted Average Number of Common Shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.63M	shares	1 Quarter
Net Loss per Common Shares - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss per Common Shares - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-17.47K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-26.96K	USD	1 Quarter
Increase in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$16.69K	USD	1 Quarter
Increase in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Increase in Credit Card Payable	`IncreaseDecreaseInCreditCardPayable`	$-2.92K	USD	1 Quarter
Increase in Credit Card Payable	`IncreaseDecreaseInCreditCardPayable`	$-9.30K	USD	1 Quarter
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-976.00	USD	1 Quarter
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.55K	USD	1 Quarter
Contributed Capital	`ProceedsFromContributedCapital`	-	USD	1 Quarter
Contributed Capital	`ProceedsFromContributedCapital`	$810.00	USD	1 Quarter
Subscriptions Receivable	`ProceedsFromSubscriptionsReceivable`	-	USD	1 Quarter
Subscriptions Receivable	`ProceedsFromSubscriptionsReceivable`	$1.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$810.00	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.55K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-166.00	USD	1 Quarter
Cash Balance - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.80K	USD	Point-in-time
Cash Balance - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.49K	USD	Point-in-time
Cash Balance - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.04K	USD	Point-in-time
Cash Balance - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.63K	USD	Point-in-time
Cash Balance - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.80K	USD	Point-in-time
Cash Balance - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.49K	USD	Point-in-time
Cash Balance - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.04K	USD	Point-in-time
Cash Balance - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.63K	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-37.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$14.34K	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.13K	USD	Point-in-time
Cash received for subscription receivable	`CashReceivedForSubscriptionReceivable`	$1.00K	USD	1 Quarter
Capital Contribution	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$810.00	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-17.47K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-26.96K	USD	1 Quarter
Balance	`StockholdersEquity`	$-37.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$14.34K	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.13K	USD	Point-in-time

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