10-Q Filing

NATIONAL ENERGY SERVICES REUNITED CORP. CIK: 1698514 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001615774-17-003362`
Period End Date	20170331
Filing Date	20170626
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	nesru-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 20 Income Statement 5 Cash Flow Statement 12

Balance Sheet 20 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, no par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Current asset - cash	`CashAndCashEquivalentsAtCarryingValue`	$28.88K	USD	Point-in-time
Current asset - cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$206.47K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Assets	`Assets`	$235.35K	USD	Point-in-time
Common stock, no par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Advance from related party	`DueToRelatedPartiesCurrent`	$78.28K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	6.04M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	6.04M	shares	Point-in-time
Promissory note - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$137.81K	USD	Point-in-time
Number of shares forfeiture	`StockRepurchasedAndRetiredDuringPeriodShares`	787,500.00	shares	1 Quarter
Total Current Liabilities	`LiabilitiesCurrent`	$216.09K	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred shares, no par value; unlimited shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Ordinary shares, no par value; unlimited shares authorized; 6,037,500 shares issued and outstanding	`CommonStockValue`	$25.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.74K	USD	Point-in-time
Total Shareholder's Equity	`StockholdersEquity`	$19.26K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	`LiabilitiesAndStockholdersEquity`	$235.35K	USD	Point-in-time

Income Statement 5 line items

Line Item	Tag	Value	Unit	Period
Number of shares forfeiture	`StockRepurchasedAndRetiredDuringPeriodShares`	787,500.00	shares	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$5.74K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.74K	USD	1 Quarter
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.25M	shares	1 Quarter
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 12 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.74K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.74K	USD	1 Quarter
Proceeds from issuance of ordinary shares to initial shareholder	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Proceeds from advance from related party	`ProceedsFromRelatedPartyDebt`	$78.28K	USD	1 Quarter
Proceeds from promissory note - related parties	`ProceedsFromNotesPayable`	$137.81K	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$206.47K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$34.62K	USD	1 Quarter
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.88K	USD	1 Quarter
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$28.88K	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$28.88K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time

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