10-Q Filing

VERITAS FARMS, INC. CIK: 1669400 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001615774-17-005288`
Period End Date	20170731
Filing Date	20170922
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	aruu-20170731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 24 Cash Flow Statement 28

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`	$15.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$34.29K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.63K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	9.45M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$738.00	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	9.45M	shares	Point-in-time
Total assets	`Assets`	$738.00	USD	Point-in-time
Total assets	`Assets`	$12.63K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	9.45M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	9.45M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$99.00	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.39K	USD	Point-in-time
Due to related party (Note 3)	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related party (Note 3)	`DueToRelatedPartiesCurrent`	$62.64K	USD	Point-in-time
Total liabilities	`Liabilities`	$65.03K	USD	Point-in-time
Total liabilities	`Liabilities`	$99.00	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`	$125.24K	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`	$-134.05K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-52.40K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$639.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$12.63K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$738.00	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$3.01K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.18K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.74K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.31K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$12.21K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$4.92K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$16.81K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$25.37K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$13.96K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.13K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$7.93K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$27.55K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-27.55K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-21.13K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-13.96K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-7.93K	USD	1 Quarter
Basic and diluted loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
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`	7.50M	shares	2 Qtrs
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.50M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.45M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.45M	shares	2 Qtrs

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-27.55K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-21.13K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-13.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.93K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.70K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.29K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$17.95K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$3.10K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.72K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.90K	USD	2 Qtrs
Proceeds from share subscriptions received	`ShareSubscriptionsReceived`	$54.00K	USD	2 Qtrs
Proceeds from share subscriptions received	`ShareSubscriptionsReceived`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.00K	USD	2 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$34.28K	USD	2 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.90K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.29K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.63K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$738.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.29K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.63K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$738.00	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

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