JERRICK MEDIA HOLDINGS, INC., 10-K filed on 4/4/2014
Annual Report
Document and Entity Information (USD $)
12 Months Ended
Dec. 31, 2013
Mar. 31, 2014
Jun. 30, 2013
Document and Entity Information
 
 
 
Entity Registrant Name
Great Plains Holdings, Inc. 
 
 
Document Type
10-K 
 
 
Document Period End Date
Dec. 31, 2013 
 
 
Amendment Flag
false 
 
 
Entity Central Index Key
0001357671 
 
 
Current Fiscal Year End Date
--12-31 
 
 
Entity Common Stock, Shares Outstanding
 
8,030,625 
 
Entity Filer Category
Smaller Reporting Company 
 
 
Entity Current Reporting Status
Yes 
 
 
Entity Voluntary Filers
No 
 
 
Entity Well-known Seasoned Issuer
No 
 
 
Document Fiscal Year Focus
2013 
 
 
Document Fiscal Period Focus
FY 
 
 
Entity Public Float
 
 
$ 0 
Entity Incorporation, State Country Name
Nevada 
 
 
Entity Incorporation, Date of Incorporation
Dec. 30, 1999 
 
 
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current Assets
 
 
Cash and Cash Equivalents
$ 1,479,152 
$ 447 
Accounts Receivable
285 
 
Inventory
15,712 
1,168 
Prepaid Expenses
2,875 
 
Total Current Assets
1,498,024 
1,615 
Property and Equipment
 
 
Property and Equipment
58,057 
1,700 
Less: Accumulated Depreciation
(3,645)
(680)
Land
5,651 
 
Net Property and Equipment
60,063 
1,020 
Total Assets
1,558,087 
2,635 
Current Liabilities
 
 
Accounts Payable
7,504 
33,355 
Note Payable - Related Party
 
52,756 
Total Current Liabilities
7,504 
86,111 
Long-Term Liabilities
 
 
Total Long-Term Liabilities
   
   
Total Liabilities
   
   
Stockholders' Equity
 
 
Preferred stock, 20,000,000 shares authorized, $.001 par value, 0 shares issued and outstanding
   
   
Common stock, 300,000,000 shares authorized, $.001 par value, 7,993,125 and 2,633,750 shares issued and outstanding, respectively
7,993 
2,634 
Additional Paid in Capital
1,856,489 
147,561 
Accumulated deficit
(313,899)
(233,671)
Total Stockholders' Equity (deficit)
1,550,583 
(83,476)
Total Liabilities and Stockholders' Equity
$ 1,558,087 
$ 2,635 
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
Dec. 31, 2013
Dec. 31, 2012
CONSOLIDATED BALANCE SHEETS (Parenthetical)
 
 
Preferred stock par value
$ 0.001 
$ 0.001 
Preferred stock shares authorized
20,000,000 
20,000,000 
Preferred stock shares issued
   
   
Preferred stock shares outstanding
   
   
Common stock par value
$ 0.001 
$ 0.001 
Common stock shares authorized
300,000,000 
300,000,000 
Common stock shares issued
7,993,125 
2,633,750 
Common stock shares outstanding
7,993,125 
2,633,750 
CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
12 Months Ended 200 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Sales
 
 
 
Sales Revenue
$ 13,783 
$ 19,177 
$ 82,551 
Total Sales
13,783 
19,177 
82,551 
Cost of Goods Sold
 
 
 
Cost of Sales
1,628 
1,870 
6,024 
Total Cost of Goods Sold
1,628 
1,870 
6,024 
Gross Profit
12,155 
17,307 
76,527 
Operating Expenses
 
 
 
Royalty Expense
365 
198 
1,051 
Depreciation and Amortization
869 
340 
30,199 
General and Administrative Expenses
89,414 
35,130 
355,539 
Total Operating Expenses
90,648 
35,668 
386,789 
Operating Loss
(78,493)
(18,361)
(310,262)
Other Income (Expenses)
 
 
 
Interest expense
(1,735)
(1,902)
(3,637)
Total Other Income (Expenses)
(1,735)
(1,902)
(3,637)
Net Loss Before Taxes
(80,228)
(20,263)
(313,899)
Net Loss
$ (80,228)
$ (20,263)
$ (313,899)
Loss per share of common stock (basic and diluted)
$ (0.02)
$ (0.01)
 
Weighted average shares outstanding
4,038,519 
2,633,750 
 
STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Balance at Dec. 29, 1999
 
$ 51,977 
$ (51,977)
 
Issuance of common shares for cash and a patent at .0129-December 30, 1999
1,000 
11,963 
 
12,963 
Issuance of common shares for cash and a patent at .0129-December 30, 1999 - Shares
1,000,000 
 
 
 
Net loss for the year ended 12/31/00
 
 
(8,867)
(8,867)
Issuance of common shares for cash at .025-June 27, 2001
800 
19,200 
 
20,000 
Issuance of common shares for cash at .025-June 27, 2001 - Shares
800,000 
 
 
 
Issuance of common shares for cash at .025-August 31, 2001
20 
480 
 
500 
Issuance of common shares for cash at .025-August 31, 2001 - Shares
20,000 
 
 
 
Stock offering costs for the year ended 12/31/01
 
(375)
 
(375)
Capital contribution- related party
 
100 
 
100 
Net loss for the year ended 12/31/01
 
 
(13,537)
(13,537)
Stock offering costs for the year ended 12/31/02
 
(2,500)
 
(2,500)
Net loss for the year ended 12/31/02
 
 
(13,858)
(13,858)
Issuance of common shares for cash at .08 Feb 20 2003
764 
60,336 
 
61,100 
Issuance of common shares for cash at .08 Feb 20 2003 - Shares
763,750 
 
 
 
Stock offering costs for the year ended 12/31/03
 
(6,070)
 
(6,070)
Net loss for the year ended 12/31/03
 
 
(18,081)
(18,081)
Net loss for the year ended 12/31/04
 
 
(1,731)
(1,731)
Net loss for the year ended 12/31/05
 
 
(12,692)
(12,692)
Net loss for the year ended 12/31/06
 
 
(15,821)
(15,821)
Net loss for the year ended 12/31/07
 
 
(19,881)
(19,881)
Net loss for the year ended 12/31/08
 
 
(14,674)
(14,674)
Issuance of common shares for cash at .25 Nov 03 2009
20 
4,980 
 
5,000 
Issuance of common shares for cash at .25 Nov 03 2009 - Shares
20,000 
 
 
 
Net loss for the year ended 12/31/09
 
 
(16,971)
(16,971)
Issuance of common shares for cash at .25 Apr 06 10
20 
4,980 
 
5,000 
Issuance of common shares for cash at .25 Apr 06 10 - Shares
20,000 
 
 
 
Issuance of common shares for cash at .25 Jun 29 10
10 
2,490 
 
2,500 
Issuance of common shares for cash at .25 Jun 29 10 - Shares
10,000 
 
 
 
Net loss for the year ended 12/31/10
 
 
(13,493)
(13,493)
Net loss for the year ended 12/31/11
 
 
(11,825)
(11,825)
Net Loss
 
 
(20,263)
(20,263)
Balance at Dec. 31, 2012
2,634 
147,561 
(233,671)
(83,476)
Balance - Shares (end} at Dec. 31, 2012
2,633,750 
 
 
 
Issuance of common shares for cash at .32 Sep 30 13
5,000 
1,595,000 
 
1,600,000 
Issuance of common shares for cash at .32 Sep 30 13 - Shares
5,000,000 
 
 
 
Issuance of common shares for cash at .32 Oct 15 13
250 
79,750 
 
80,000 
Issuance of common shares for cash at .32 Oct 15 13 - Shares
250,000 
 
 
 
Issuance of common shares for cash at .32 Dec 13 13
78 
24,922 
 
25,000 
Issuance of common shares for cash at .32 Dec 13 13 - Shares
78,125 
 
 
 
Issuance of common shares for cash at .32 Dec 20 13
31 
9,969 
 
10,000 
Issuance of common shares for cash at .32 Dec 20 13 - Shares
31,250 
 
 
 
Acquisition of entity under common control
 
(713)
 
(713)
Net Loss
 
 
(80,228)
(80,228)
Balance at Dec. 31, 2013
$ 7,993 
$ 1,856,489 
$ (313,889)
$ 1,550,583 
Balance - Shares (end} at Dec. 31, 2013
7,993,125 
 
 
 
STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2003
Dec. 31, 2001
Dec. 31, 2000
STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical)
 
 
 
 
 
 
Issuance of common shares for cash and a patent at December 30, 1999 - price per share
 
 
 
 
 
$ 0.0129 
Issuance of common shares for cash at June 27, 2001 - price per share
 
 
 
 
$ 0.0250 
 
Inssuance of common shares for cash at August 31, 2001 - price per share
 
 
 
 
$ 0.0250 
 
Issuance of common shares for cash at Feb 20 2003 - price per share
 
 
 
$ 0.0800 
 
 
Issuance of common shares for cash at Nov 03 2009 - price per share
 
 
$ 0.2500 
 
 
 
Issuance of common shares for cash at Apr 06 10 - price per share
 
$ 0.2500 
 
 
 
 
Issuance of common shares for cash at Jun 29 10 - price per share
 
$ 0.2500 
 
 
 
 
Issuance of common shares for cash at Sep 30 13 - price per share
$ 0.3200 
 
 
 
 
 
Issuance of common shares for cash at Oct 15 13 - price per share
$ 0.3200 
 
 
 
 
 
Issuance of common shares for cash at Dec 13 13 - price per share
$ 0.3200 
 
 
 
 
 
Issuance of common shares for cash at Dec 20 13 - price per share
$ 0.3200 
 
 
 
 
 
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
12 Months Ended 200 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Cash Flows From Operating Activities
 
 
 
Net Income (Loss)
$ (80,228)
$ (20,263)
$ (313,899)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
 
 
 
Depreciation and Amortization
869 
340 
30,199 
Contributions to capital - expenses paid by shareholders
8,024 
5,290 
26,948 
Issuance of common stock for expenses
 
 
8,700 
Change in Operating Assets and Liabilities:
 
 
 
Change in accounts receivable
(285)
 
(285)
Change in inventory
(14,544)
1,286 
(15,712)
Change in prepaid assets
(2,875)
 
(2,875)
Change in accounts payable
(25,851)
12,481 
4,283 
Net Cash Used In Operating Activities:
(114,890)
(866)
(262,641)
Cash Flows From Investing Activities
 
 
 
Purchase of property and equipment
(59,912)
 
(63,708)
Purchase of patent
 
 
(28,650)
Net Cash Used In Investing Activities:
(59,912)
 
(92,358)
Cash Flows From Financing Activities
 
 
 
Proceeds from Notes Payable - Related Parties
16,845 
2,100 
62,063 
Payments to Related Parties
(77,625)
(787)
(88,911)
Proceeds from the Issuance of Stock
1,714,287 
 
1,860,999 
Net Cash Provided By Financing Activities:
1,653,507 
1,313 
1,834,151 
Net Change in Cash & Cash Equivalents
1,478,705 
447 
1,479,152 
Beginning Cash & Cash Equivalents
447 
 
 
Ending Cash & Cash Equivalents
1,479,152 
447 
1,479,152 
Noncash Investing and Financing Activities
 
 
 
Issuance of 922,900 common shares for a patent - 2000
 
 
$ 11,963 
Note 1 - Organization
Note 1 - Organization

Note 1 - Organization

 

Great Plains Holdings, Inc. (the “Company”) was incorporated under the laws of the state of Nevada on December 30, 1999 under the name LILM, Inc. The Company changed its name on December 3, 2013 as part of its plans to diversify its business through the acquisition and operation of commercial real estate, including but not limited to self-storage facilities, apartment buildings, 55+ senior manufactured homes communities, and other income producing properties.  Historically, the Company has principally engaged in manufacture and marketing of the LiL Marc urinal used in the training of young boys.

 

Included in the following financial statements are the combined statements of operations of the Company and its subsidiaries for the period April 22, 1997 to December 31, 2013.

 

The accompanying  balance sheet of the Company and its subsidiaries as of December 31, 2013 and 2012 and related  statements of operations for the years ended December 31, 2013 and 2012, and the period April 22, 1997 ( date of inception of predecessor) to December 31, 2013, and related  statements of cash flows for the  year ended December 31, 2013 and 2012, and the period April 22, 1997 (date of inception of predecessor) to December 31, 2013, have been prepared in accordance with the requirements for conformity with accounting principles generally accepted in the United States of America.

Note 2 - Summary of Significant Accounting Policies
Note 2 - Summary of Significant Accounting Policies

Note 2 - Summary of Significant Accounting Policies

 

Use of Estimates

 

We use estimates and assumptions in preparing financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.

 

Fair Value of Financial Instruments

The fair value of a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties, other than a forced sale or liquidation. Significant differences can arise between the fair value and carrying amount of financial instruments that are recognized at historical cost amounts. The carrying value of the company’s financial assets and liabilities approximate the fair value because of the short maturity of those instruments.

 

Accounting Method

The Company recognizes income and expenses based on the accrual method of accounting.

 

Accounts Receivable

Accounts receivable are recorded when invoices are issued and the amount management expects to collect is reported on the balance sheet.  Accounts receivable are written off when they are determined to be uncollectible.  The allowance for doubtful accounts is estimated based on the Company’s historical losses, the existing economic condition in the industry, and the financial stability of its customers.

 

Advertising

The Company expenses all advertising costs as they are incurred.

 

Amortization

Amortization is provided based on the straight line method over the estimated useful life.

 

Cash and Cash Equivalents

Cash and cash equivalents are defined as demand deposits, money market accounts and overnight investments at banks.  Cash is maintained in banks insured by the FDIC for an aggregate of up to $250,000.  The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.

 

Comprehensive Income

Statement of Financial Accounting Standards No. 130, Reporting Comprehensive Income (SFAS 130), required that total comprehensive income be reported on the financial statements.  The Company has no additional components of Comprehensive Income required for disclosure which are not properly reflected on the Income Statement and Statement of Retained Earnings.

 

Concentrations of Risk

Financial Instruments which potentially subject the Company to concentrations of risk consist primarily of cash and cash equivalents.  The Company places its cash and cash equivalents with major financial institutions.  At December 31, 2013, the Company has $1,229,152 in excess of federally insured limits.

 

Depreciation

Depreciation is provided based on the straight line method.  The annual depreciation rates are based on useful lives ranging from five to forty years.

 

Dividend Policy

The Company has not yet adopted a policy regarding dividends.

 

Income Taxes

The Company utilizes the liability method of accounting for income taxes.  Under the liability method deferred tax assets and liabilities are determined based on the differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to reverse.  An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.

 

Inventories

Inventories are stated at the lower of cost or market.  Cost is determined on a first-in, first-out (FIFO) basis and market is determined on the basis of replacement cost or net realizable value.

 

Principles of Consolidation

The accompanying consolidated financials include the accounts of the Company and its subsidiaries from its inception.  All significant intercompany accounts and balances have been eliminated in consolidation.

 

Revenue Recognition

Revenue is recognized upon the completion of the sales and shipment of the product.  The product is sold via the internet and is delivered to customers or to wholesale resellers using a ground courier service.

 

Sales Taxes

The State of Florida imposes a sales tax ranging from 6.0% to 7.5% on all of the Company’s sales delivered within the State.  The Company collects that sales tax from customers and remits the entire amount to the State.  The Company’s accounting policy is to exclude the tax collected and remitted to the State from revenue and cost of sales.

 

Shipping and Handling Costs

The Company classifies freight billed to customers as sales revenue and related freight costs as cost of sales.

 

Basic and Diluted Net Income (Loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes antidilutive and then the basic and diluted per share amounts are the same. As of December 31, 2013 and 2012, there were no common stock equivalents outstanding.

 

Recent Accounting Pronouncements

The Company does not expect that the adoption of recent accounting pronouncements will have a material impact on its financial statements.

Note 3 - Property and Equipment
Note 3 - Property and Equipment

Note 3 - Property and Equipment

 

On December 26, 2013, the Company acquired two adjacent parcels of land located in Wildwood, Florida totaling approximately 0.90 acres.  The property includes a 1,400 square foot corporate office building and an additional parcel of land that includes a mobile home. The real estate and improvements located on it were acquired from TD Bank, N.A., an unrelated party, for a purchase price of $47,500 plus customary closing cost.  The Company paid the purchase price in cash at closing.

 

Machinery and equipment includes costs for an injection mold we acquired on August 2, 2010 to produce the base and stand for the LiL Marc training urinal.  The Company has determined the mold went into service on January 1, 2011 and is being depreciated, using the straight-line method, over a 5 year period.

 

Property and equipment are stated at cost and consist of the following categories as of December 31, 2013 and 2012:

 

 

December 31,

 

2013

2012

     Land

$        5,651

$            -    

     Machinery and Equipment

14,380

1,700

     Buildings and Improvements

43,677

-

          Total Property and Equipment

63,708

1,700

     Less:  Accumulated Depreciation and Amortization

(3,645)

(680)

 

 

 

          Net Property and Equipment

$     60,063

$      1,020

 

Note 4 - Acquisition
Note 4 - Acquisition

Note 4 – Acquisition

 

By agreement dated October 23, 2013, the Company purchased all of the outstanding membership units of Ashland Holdings, LLC ("Ashland") from Kent Campbell, the Company’s Chief Executive Officer and its controlling shareholder, for a purchase price of $20,000.  At the time of purchase, Ashland's sole asset consisted of $19,000 in cash and it had no operations. The Company’s acquisition of Ashland was accounted for using the acquisition method whereby the Company was the acquirer for financial reporting purposes and Ashland was the acquired company. The carryover basis for Ashland’s assets was used as both companies were controlled by Mr. Campbell.  As a result of this acquisition, the Company’s consolidated financial statements after completion of the acquisition include the assets and liabilities of both the Company and Ashland and Ashland’s operations from the April 1, 2013 date of inception through December 31, 2013.  

Note 5 - Stockholders' Equity
Note 5 - Stockholders' Equity

Note 5 - Stockholders’ Equity

 

The company has authorized 300,000,000 common shares, par value $0.001 per share, and 20,000,000 preferred shares, par value $.001 per share. As of December 31, 2013, there were 7,993,125 and ~ 0 shares of common stock and preferred stock, respectively, issued and outstanding. There are no designations for the preferred stock. The Company’s board of directors is permitted, in its discretion, to designate one or more series of the preferred stock with the rights, privileges and preferences of each series to be fixed by the board of directors from time to time in the future, without shareholder approval. During 2013, the Company issued 5,359,375 shares of its unregistered Common Stock to 5 shareholders, including officers and directors of the Company, at a price of $0.32 per share for an aggregate of $1,715,000 in proceeds to the Company.

Note 6 - Income Taxes
Note 6 - Income Taxes

Note 6 - Income Taxes

 

On December 31, 2013, the Company had a net operating loss available for carryforward of $261,922. The income tax benefit of approximately $89,026 from the carryforward has been fully offset by a valuation allowance as we have determined the ability to use the future tax benefit is doubtful.  The net operating loss will expire starting in 2020.

Year Ended

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

 

Estimated NOL Carry-Forward

8,867

13,537

13,858

18,081

1,731

12,692

15,821

19,881

14,674

16,971

13,493

11,825

20,263

80,228

 

NOL Expires

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

 

Estimated Tax Benefit from NOL

3,015

4,603

4,712

6,148

589

4,315

5,379

6,760

4,989

 5,770

4,558

4,021

6,889

27,278

 

Valuation Allowance

-3,015

-4,603

-4,712

-6,148

-589

-4,315

-5,379

-6,760

-4,989

-5,770

-4,558

-4,021

-6,889

-27,278

 

Net Tax Benefit

-

-

-

-

-

-

-

-

-

 -

-

-

-

-

 

 

Year Ended

Estimated NOL Carry-Forward

NOL

Expires

Estimated Tax Benefit from NOL

Valuation Allowance

Net Tax Benefit

2000

8,867

2020

3,015

(3,015)

-

2001

13,537

2021

4,603

(4,603)

-

2002

13,858

2022

4,712

(4,712)

-

2003

18,081

2023

6,148

(6,148)

-

2004

1,731

2024

589

(589)

-

2005

12,692

2025

4,315

(4,315)

-

2006

15,821

2026

5,379

(5,379)

-

2007

19,881

2027

6,760

(6,760)

-

2008

14,674

2028

4,989

(4,989)

-

2009

16,971

2029

 5,770

(5,770)

 -

2010

13,493

2030

4,558

(4,558)

-

2011

11,825

2031

4,021

(4,021)

-

2012

20,263

2032

6,889

(6,889)

-

2013

80,228

 2033

27,278

(27,278)

-

 

$261,922

 

$89,026

$(89,026)

$         -

 

The total valuation allowance as of December 31, 2013 was $89,026, which increased by $27,278 for the year ended December 31, 2013.

 

As of December 31, 2013 and 2012, the Company has no unrecognized income tax benefits. The Company’s policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items as tax expense. No interest or penalties have been recorded during the years ended December 31, 2013, and 2012 and no interest or penalties have been accrued as of December 31, 2013 and 2012. As of December 31, 2013 and 2012, the Company did not have any amounts recorded pertaining to uncertain tax positions.

 

The tax years from 2011 and forward remain open to examination by federal and state authorities due to net operating loss and credit carryforwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities.

Note 8 - Commitments and Contingencies
Note 8 - Commitments and Contingencies

Note 8 - Commitments and Contingencies

 

On October 16, 2013 the Company entered into a lease with an unaffiliated third party for a warehouse for a term of one year. The lease may be terminated by the Company with 30 days’ notice within the first 6 months of the lease term.  The warehouse occupies approximately 1,250 square feet of space with a monthly rent of $960 for the first six months and $1,065 per month thereafter.  The Company has terminated this lease effective April 15, 2014 and will move its product assembly, shipping operations and executive offices to its recently acquired Wildwood, Florida property.

Note 9 - Subsequent Events
Note 9 - Subsequent Events

Note 9 – Subsequent Events

 

Subsequent to December 31, 2013 the Company issued 37,500 shares of its unregistered common stock to two shareholders for a purchase price of $0.32 per share for a total of $12,000.

Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies)
Use of Estimates

Use of Estimates

 

We use estimates and assumptions in preparing financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.

Note 2 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)
Fair Value of Financial Instruments

Fair Value of Financial Instruments

The fair value of a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties, other than a forced sale or liquidation. Significant differences can arise between the fair value and carrying amount of financial instruments that are recognized at historical cost amounts. The carrying value of the company’s financial assets and liabilities approximate the fair value because of the short maturity of those instruments.

Note 2 - Summary of Significant Accounting Policies: Accounting Method (Policies)
Accounting Method

Accounting Method

The Company recognizes income and expenses based on the accrual method of accounting.

Note 2 - Summary of Significant Accounting Policies: Accounts Receivable (Policies)
Accounts Receivable

Accounts Receivable

Accounts receivable are recorded when invoices are issued and the amount management expects to collect is reported on the balance sheet.  Accounts receivable are written off when they are determined to be uncollectible.  The allowance for doubtful accounts is estimated based on the Company’s historical losses, the existing economic condition in the industry, and the financial stability of its customers.

Note 2 - Summary of Significant Accounting Policies: Advertising (Policies)
Advertising

Advertising

The Company expenses all advertising costs as they are incurred.

Note 2 - Summary of Significant Accounting Policies: Amortization (Policies)
Amortization

Amortization

Amortization is provided based on the straight line method over the estimated useful life.

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)
Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents are defined as demand deposits, money market accounts and overnight investments at banks.  Cash is maintained in banks insured by the FDIC for an aggregate of up to $250,000.  The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.

Note 2 - Summary of Significant Accounting Policies: Comprehensive Income (Policies)
Comprehensive Income

Comprehensive Income

Statement of Financial Accounting Standards No. 130, Reporting Comprehensive Income (SFAS 130), required that total comprehensive income be reported on the financial statements.  The Company has no additional components of Comprehensive Income required for disclosure which are not properly reflected on the Income Statement and Statement of Retained Earnings.

Note 2 - Summary of Significant Accounting Policies: Concentrations of Risk (Policies)
Concentrations of Risk

Concentrations of Risk

Financial Instruments which potentially subject the Company to concentrations of risk consist primarily of cash and cash equivalents.  The Company places its cash and cash equivalents with major financial institutions.  At December 31, 2013, the Company has $1,229,152 in excess of federally insured limits.

Note 2 - Summary of Significant Accounting Policies: Depreciation (Policies)
Depreciation

Depreciation

Depreciation is provided based on the straight line method.  The annual depreciation rates are based on useful lives ranging from five to forty years.

Note 2 - Summary of Significant Accounting Policies: Dividend Policy (Policies)
Dividend Policy

Dividend Policy

The Company has not yet adopted a policy regarding dividends.

Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)
Income Taxes

Income Taxes

The Company utilizes the liability method of accounting for income taxes.  Under the liability method deferred tax assets and liabilities are determined based on the differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to reverse.  An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.

Note 2 - Summary of Significant Accounting Policies: Inventories (Policies)
Inventories

Inventories

Inventories are stated at the lower of cost or market.  Cost is determined on a first-in, first-out (FIFO) basis and market is determined on the basis of replacement cost or net realizable value.

Note 2 - Summary of Significant Accounting Policies: Principles of Consolidation Policy (Policies)
Principles of Consolidation Policy

Principles of Consolidation

The accompanying consolidated financials include the accounts of the Company and its subsidiaries from its inception.  All significant intercompany accounts and balances have been eliminated in consolidation.

Note 2 - Summary of Significant Accounting Policies: Revenue Recognition Policy (Policies)
Revenue Recognition Policy

Revenue Recognition

Revenue is recognized upon the completion of the sales and shipment of the product.  The product is sold via the internet and is delivered to customers or to wholesale resellers using a ground courier service.

Note 2 - Summary of Significant Accounting Policies: Shipping and Handling Costs (Policies)
Shipping and Handling Costs

Shipping and Handling Costs

The Company classifies freight billed to customers as sales revenue and related freight costs as cost of sales.

Note 2 - Summary of Significant Accounting Policies: Basic and Diluted Net Income (loss) Per Share Policy (Policies)
Basic and Diluted Net Income (loss) Per Share Policy

Basic and Diluted Net Income (Loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes antidilutive and then the basic and diluted per share amounts are the same. As of December 31, 2013 and 2012, there were no common stock equivalents outstanding.

Note 2 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements Policy (Policies)
Recent Accounting Pronouncements Policy

Recent Accounting Pronouncements

The Company does not expect that the adoption of recent accounting pronouncements will have a material impact on its financial statements.

Note 3 - Property and Equipment: Property, Plant and Equipment (Tables)
Property, Plant and Equipment

 

 

December 31,

 

2013

2012

     Land

$        5,651

$            -    

     Machinery and Equipment

14,380

1,700

     Buildings and Improvements

43,677

-

          Total Property and Equipment

63,708

1,700

     Less:  Accumulated Depreciation and Amortization

(3,645)

(680)

 

 

 

          Net Property and Equipment

$     60,063

$      1,020

Note 6 - Income Taxes: Summary of Operating Loss Carryforwards (Tables)
Summary of Operating Loss Carryforwards

Year Ended

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

 

Estimated NOL Carry-Forward

8,867

13,537

13,858

18,081

1,731

12,692

15,821

19,881

14,674

16,971

13,493

11,825

20,263

80,228

 

NOL Expires

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

 

Estimated Tax Benefit from NOL

3,015

4,603

4,712

6,148

589

4,315

5,379

6,760

4,989

 5,770

4,558

4,021

6,889

27,278

 

Valuation Allowance

-3,015

-4,603

-4,712

-6,148

-589

-4,315

-5,379

-6,760

-4,989

-5,770

-4,558

-4,021

-6,889

-27,278

 

Net Tax Benefit

-

-

-

-

-

-

-

-

-

 -

-

-

-

-

 

 

Year Ended

Estimated NOL Carry-Forward

NOL

Expires

Estimated Tax Benefit from NOL

Valuation Allowance

Net Tax Benefit

2000

8,867

2020

3,015

(3,015)

-

2001

13,537

2021

4,603

(4,603)

-

2002

13,858

2022

4,712

(4,712)

-

2003

18,081

2023

6,148

(6,148)

-

2004

1,731

2024

589

(589)

-

2005

12,692

2025

4,315

(4,315)

-

2006

15,821

2026

5,379

(5,379)

-

2007

19,881

2027

6,760

(6,760)

-

2008

14,674

2028

4,989

(4,989)

-

2009

16,971

2029

 5,770

(5,770)

 -

2010

13,493

2030

4,558

(4,558)

-

2011

11,825

2031

4,021

(4,021)

-

2012

20,263

2032

6,889

(6,889)

-

2013

80,228

 2033

27,278

(27,278)

-

 

$261,922

 

$89,026

$(89,026)

$         -

Note 1 - Organization (Details)
12 Months Ended
Dec. 31, 2013
Details
 
Entity Incorporation, State Country Name
Nevada 
Entity Incorporation, Date of Incorporation
Dec. 30, 1999 
Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Details) (USD $)
Dec. 31, 2013
Details
 
Cash, FDIC Insured Amount
$ 250,000 
Note 2 - Summary of Significant Accounting Policies: Concentrations of Risk (Details) (USD $)
Dec. 31, 2013
Details
 
Cash in Excess of Federally Insured Limits
$ 1,229,152 
Note 2 - Summary of Significant Accounting Policies (Details)
12 Months Ended
Dec. 31, 2013
Minimum
 
State of Florida Sales Tax
6.00% 
Maximum
 
State of Florida Sales Tax
7.50% 
Note 3 - Property and Equipment (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Details
 
Real Estate Owned, Nature and Origin
two adjacent parcels of land located in Wildwood, Florida totaling approximately 0.90 acres. The property includes a 1,400 square foot corporate office building and an additional parcel of land that includes a mobile home 
Payments to Acquire Other Real Estate
$ 47,500 
Note 3 - Property and Equipment: Property, Plant and Equipment (Details) (USD $)
Dec. 31, 2013
Dec. 31, 2012
Details
 
 
Land
$ 5,651 
 
Machinery and Equipment, Gross
14,380 
1,700 
Buildings and Improvements, Gross
43,677 
 
Property and Equipment
63,708 
1,700 
Less: Accumulated Depreciation
(3,645)
(680)
Equipment-Production Mold, Net
$ 60,063 
$ 1,020 
Note 4 - Acquisition (Details) (USD $)
Oct. 23, 2013
Details
 
Purchase Price of Ashland
$ 20,000 
Ashland's sole asset
$ 19,000 
Note 5 - Stockholders' Equity (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Details
 
 
Common stock shares authorized
300,000,000 
300,000,000 
Preferred stock shares authorized
20,000,000 
20,000,000 
Common stock shares outstanding
7,993,125 
2,633,750 
Common stock shares issued
7,993,125 
2,633,750 
Preferred stock shares issued
   
   
Preferred stock shares outstanding
   
   
Issuance of common shares for cash
5,359,375 
 
Issuance of common shares for cash - price per share
$ 0.32 
 
Aggregate Proceeds from Issuance of Common Stock
$ 1,715,000 
 
Note 6 - Income Taxes (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Details
 
Operating Loss Carryforwards
$ 261,922 
Tax Credit Carryforward, Amount
89,026 
Tax Credit Carryforward, Valuation Allowance
89,026 
Valuation Allowance, Deferred Tax Asset, Change in Amount
$ 27,278 
Note 6 - Income Taxes: Summary of Operating Loss Carryforwards (Details) (USD $)
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Dec. 31, 2007
Dec. 31, 2006
Dec. 31, 2005
Dec. 31, 2004
Dec. 31, 2003
Dec. 31, 2002
Dec. 31, 2001
Dec. 31, 2000
Details
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred Tax Assets, Operating Loss Carryforwards
$ 80,228 
$ 20,263 
$ 11,825 
$ 13,493 
$ 16,971 
$ 14,674 
$ 19,881 
$ 15,821 
$ 12,692 
$ 1,731 
$ 18,081 
$ 13,858 
$ 13,537 
$ 8,867 
Tax Credit Carryforward Expiration Dates
2033 
2032 
2031 
2030 
2029 
2028 
2027 
2026 
2025 
2024 
2023 
2022 
2021 
2020 
Unrecognized Tax Benefits Resulting in Net Operating Loss Carryforward
27,278 
6,889 
4,021 
4,558 
5,770 
4,989 
6,760 
5,379 
4,315 
589 
6,148 
4,712 
4,603 
3,015 
Tax Credit Carryforward, Deferred Tax Asset
$ (27,278)
$ (6,889)
$ (4,021)
$ (4,558)
$ (5,770)
$ (4,989)
$ (6,760)
$ (5,379)
$ (4,315)
$ (589)
$ (6,148)
$ (4,712)
$ (4,603)
$ (3,015)
Note 8 - Commitments and Contingencies (Details) (USD $)
6 Months Ended
Oct. 16, 2014
Apr. 16, 2014
Details
 
 
Operating Leases, Rent Expense, Minimum Rentals
$ 1,065 
$ 960 
Note 9 - Subsequent Events (Details) (USD $)
3 Months Ended
Mar. 31, 2014
Details
 
Sale of Stock, Number of Shares Issued in Transaction
37,500 
Sale of Stock, Price Per Share
$ 0.32 
Sale of Stock, Consideration Received on Transaction
$ 12,000