10-Q Filing

SYNDICATED RESORTS ASSOCIATION,INC. CIK: 1723177 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-014068`
Period End Date	20200630
Filing Date	20200728
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	srai-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 50 Cash Flow Statement 30 Stockholders Equity 22

Balance Sheet 56 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, 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 authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash	`Cash`	$1.67K	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$1.02K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid Expense	`PrepaidExpenseCurrent`	-	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
Prepaid Expense	`PrepaidExpenseCurrent`	$5.00K	USD	Point-in-time
Total Assets	`Assets`	$1.67K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$6.02K	USD	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 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
Common stock, shares issued	`CommonStockSharesIssued`	7.99M	shares	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
Accounts Payable	`AccountsPayableCurrent`	$1.26K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.99M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$3.86K	USD	Point-in-time
Credit Card Payable	`CreditCardPayable`	$13.52K	USD	Point-in-time
Credit Card Payable	`CreditCardPayable`	$1.93K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$1.80K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$17.38K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.99K	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	`AdditionalPaidInCapital`	$181.56K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$202.88K	USD	Point-in-time
Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-215.04K	USD	Point-in-time
Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-185.68K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$-11.52K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$-11.36K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$-3.32K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$-37.67K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$-9.38K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$-31.04K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$6.02K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$1.67K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Advertising	`AdvertisingExpense`	$900.00	USD	2 Qtrs
Advertising	`AdvertisingExpense`	-	USD	1 Quarter
Advertising	`AdvertisingExpense`	-	USD	2 Qtrs
Advertising	`AdvertisingExpense`	$900.00	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$347.00	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$5.95K	USD	2 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$4.23K	USD	2 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$628.00	USD	1 Quarter
Legal and Professional	`LegalAndProfessionalFees`	$22.81K	USD	2 Qtrs
Legal and Professional	`LegalAndProfessionalFees`	$1.82K	USD	1 Quarter
Legal and Professional	`LegalAndProfessionalFees`	$6.38K	USD	1 Quarter
Legal and Professional	`LegalAndProfessionalFees`	$24.52K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$28.75K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$6.73K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$29.65K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$3.35K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-3.35K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-29.65K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-6.73K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-28.75K	USD	2 Qtrs
Other Expense	`OtherNonoperatingExpense`	$569.00	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$605.00	USD	2 Qtrs
Other Expense	`OtherNonoperatingExpense`	$1.57K	USD	2 Qtrs
Other Expense	`OtherNonoperatingExpense`	$915.00	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-915.00	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-569.00	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-1.57K	USD	2 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-605.00	USD	2 Qtrs
Loss from Operations before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.26K	USD	1 Quarter
Loss from Operations before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-31.23K	USD	2 Qtrs
Loss from Operations before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.36K	USD	2 Qtrs
Loss from Operations before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.30K	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`	$-29.36K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-7.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-22.06K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-26.96K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.26K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-31.23K	USD	2 Qtrs
Weighted Average Number of Common Shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.99M	shares	2 Qtrs
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`	7.99M	shares	2 Qtrs
Weighted Average Number of Common Shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.99M	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
Net Loss per Common Shares - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net Loss per Common Shares - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-29.36K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-7.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-22.06K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-26.96K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.26K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-31.23K	USD	2 Qtrs
Increase in Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	$5.00K	USD	2 Qtrs
Increase in Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Increase in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$2.60K	USD	2 Qtrs
Increase in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$11.68K	USD	2 Qtrs
Increase in Credit Card Payable	`IncreaseDecreaseInCreditCardPayables`	$11.59K	USD	2 Qtrs
Increase in Credit Card Payable	`IncreaseDecreaseInCreditCardPayables`	-	USD	2 Qtrs
Increase (Decrease) in Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$7.70K	USD	2 Qtrs
Increase (Decrease) in Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.80K	USD	2 Qtrs
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.85K	USD	2 Qtrs
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.96K	USD	2 Qtrs
Contributed Capital	`ProceedsFromContributedCapital`	$11.71K	USD	2 Qtrs
Contributed Capital	`ProceedsFromContributedCapital`	$21.32K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$11.71K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$21.32K	USD	2 Qtrs
Net Decrease in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-646.00	USD	2 Qtrs
Net Decrease in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-137.00	USD	2 Qtrs
Cash Balance - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.02K	USD	Point-in-time
Cash Balance - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.66K	USD	Point-in-time
Cash Balance - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.67K	USD	Point-in-time
Cash Balance - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.80K	USD	Point-in-time
Cash Balance - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.02K	USD	Point-in-time
Cash Balance - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.66K	USD	Point-in-time
Cash Balance - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.67K	USD	Point-in-time
Cash Balance - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.80K	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-11.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.36K	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-37.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.38K	USD	Point-in-time
Balance	`StockholdersEquity`	$-31.04K	USD	Point-in-time
Capital Contributions	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$810.00	USD	1 Quarter
Capital Contributions	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$16.00K	USD	1 Quarter
Capital Contributions	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$10.90K	USD	1 Quarter
Capital Contributions	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$5.32K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-29.36K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-7.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-22.06K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-26.96K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.26K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-31.23K	USD	2 Qtrs
Balance	`StockholdersEquity`	$-11.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.36K	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-37.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.38K	USD	Point-in-time
Balance	`StockholdersEquity`	$-31.04K	USD	Point-in-time

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