10-K Filing

VERITAS FARMS, INC. CIK: 1669400 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001640334-17-000790`
Period End Date	20170131
Filing Date	20170425
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	armeau-20170131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 14 Cash Flow Statement 24 Stockholders Equity 12

Balance Sheet 32 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.63K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$15.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$109.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.45M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.50M	shares	Point-in-time
Total assets	`Assets`	$15.00	USD	Point-in-time
Total assets	`Assets`	$12.63K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.45M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.16K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.39K	USD	Point-in-time
Due to related party (Note 3)	`DueToRelatedPartiesCurrent`	$59.54K	USD	Point-in-time
Due to related party (Note 3)	`DueToRelatedPartiesCurrent`	$62.64K	USD	Point-in-time
Total liabilities	`Liabilities`	$62.70K	USD	Point-in-time
Total liabilities	`Liabilities`	$65.03K	USD	Point-in-time
Common stock Authorized: 200,000,000 common shares, $0.001 par value 9,450,000 and 7,500,000 shares issued and outstanding, respectively	`CommonStockValue`	$9.45K	USD	Point-in-time
Common stock Authorized: 200,000,000 common shares, $0.001 par value 9,450,000 and 7,500,000 shares issued and outstanding, respectively	`CommonStockValue`	$7.50K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$44.65K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.60K	USD	Point-in-time
Stock subscriptions receivable (Note 4)	`CommonStockSharesSubscriptions`	$-15.00K	USD	Point-in-time
Stock subscriptions receivable (Note 4)	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-106.50K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-62.78K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-62.68K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-52.40K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-56.22K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$12.63K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$15.00	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$20.98K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$254.00	USD	Annual
Product development	`BusinessDevelopment`	$3.05K	USD	Annual
Product development	`BusinessDevelopment`	-	USD	Annual
Professional fees	`ProfessionalFees`	$3.16K	USD	Annual
Professional fees	`ProfessionalFees`	$22.73K	USD	Annual
Total operating expenses	`OperatingExpenses`	$43.71K	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.46K	USD	Annual
Net loss and comprehensive loss	`NetIncomeLoss`	$-6.46K	USD	Annual
Net loss and comprehensive loss	`NetIncomeLoss`	$-43.71K	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.46M	shares	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	226,124.00	shares	Annual

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-6.46K	USD	Annual
Net loss	`NetIncomeLoss`	$-43.71K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-768.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.16K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$3.21K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$3.10K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-41.38K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-94.00	USD	Annual
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$54.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$12.62K	USD	Annual
Increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-94.00	USD	Annual
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$12.63K	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$15.00	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$109.00	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$12.63K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$15.00	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$109.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, Amount	`StockholdersEquity`	$-62.68K	USD	Point-in-time
Beginning balance, Amount	`StockholdersEquity`	$-52.40K	USD	Point-in-time
Beginning balance, Amount	`StockholdersEquity`	$-56.22K	USD	Point-in-time
Issuance of common stock, Amount	`StockIssuedDuringPeriodValueNewIssues`	$39.00K	USD	Annual
Issuance of common stock, Amount	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Cancellation of common stock, Amount	`CommonStockValueCancelledDuringPeriod`	-	USD	Annual
Stock subscriptions received	`StockSubscriptionsReceived`	$15.00K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-6.46K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-43.71K	USD	Annual
Ending balance, Amount	`StockholdersEquity`	$-62.68K	USD	Point-in-time
Ending balance, Amount	`StockholdersEquity`	$-52.40K	USD	Point-in-time
Ending balance, Amount	`StockholdersEquity`	$-56.22K	USD	Point-in-time

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