10-Q Filing

VERITAS FARMS, INC. CIK: 1669400 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001615774-17-003078`
Period End Date	20170430
Filing Date	20170609
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	aruu-20170430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 12 Cash Flow Statement 26

Balance Sheet 30 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`	200.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.44K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	9.45M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$15.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.63K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.75K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	9.45M	shares	Point-in-time
Total assets	`Assets`	$3.75K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	9.45M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	9.45M	shares	Point-in-time
Total assets	`Assets`	$12.63K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.39K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.15K	USD	Point-in-time
Due to related party (Note 3)	`DueToRelatedPartiesCurrent`	$62.64K	USD	Point-in-time
Due to related party (Note 3)	`DueToRelatedPartiesCurrent`	$66.59K	USD	Point-in-time
Total liabilities	`Liabilities`	$65.03K	USD	Point-in-time
Total liabilities	`Liabilities`	$69.74K	USD	Point-in-time
Common stock Authorized: 200,000,000 common shares, $0.001 par value 9,450,000 shares issued and outstanding	`CommonStockValue`	$9.45K	USD	Point-in-time
Common stock Authorized: 200,000,000 common shares, $0.001 par value 9,450,000 shares issued and outstanding	`CommonStockValue`	$9.45K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$44.65K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$44.65K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-106.50K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-120.09K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-52.40K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-65.99K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.75K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$12.63K	USD	Point-in-time

Income Statement 12 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$1.31K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$443.00	USD	1 Quarter
Professional fees	`ProfessionalFees`	$13.15K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.89K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.60K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.20K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-13.20K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-13.60K	USD	1 Quarter
Basic and diluted loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.45M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.50M	shares	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-13.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.60K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.52K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$764.00	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$3.10K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$3.95K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.58K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-8.88K	USD	1 Quarter
Share subscriptions received	`ShareSubscriptionsReceived`	-	USD	1 Quarter
Share subscriptions received	`ShareSubscriptionsReceived`	$15.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$15.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.88K	USD	1 Quarter
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.42K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.44K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.63K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.75K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.44K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.63K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.75K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter

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