PRESTIGE CAPITAL CORP
CIK:0000790179|SEC Filings
Condensed Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
|
| Income Statement [Abstract] | ||||
| Revenues | ||||
| Operating Expenses | ||||
| General and administrative | 4,848 | 2,900 | 18,849 | 11,500 |
| Loss from Operations | (4,848) | (2,900) | (18,849) | (11,500) |
| Other Income (Expense) | ||||
| Interest expense – related party | (4,844) | (4,451) | (14,532) | (12,999) |
| Total Other Income (Expense) | (4,844) | (4,451) | (14,532) | (12,999) |
| Loss before income taxes | (9,692) | (7,351) | (33,381) | (24,499) |
| Income tax expense | ||||
| Net Loss | $ (9,692) | $ (7,351) | $ (33,381) | $ (24,499) |
| Basic and Diluted Loss Per Share | $ (0.00) | $ (0.00) | $ (0.01) | $ (0.01) |
| Basic and Diluted Weighted Average Number of Common Shares Outstanding | 3,332,200 | 3,332,200 | 3,332,200 | 3,332,200 |
Condensed Statements of Cash Flows (Unaudited) - USD ($) |
9 Months Ended | |
|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Loss | $ (33,381) | $ (24,499) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Expenses paid by related party | 4,500 | 4,500 |
| Changes in operating assets and liabilities | ||
| Decrease in accounts payable | ||
| Increase in accrued interest – related party | 14,532 | 12,999 |
| Net cash used in operating activities | (14,349) | (7,000) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from notes payable – related party | 15,700 | |
| Net cash provided by financing activities | 15,700 | |
| Net Increase (decrease) in Cash | (14,349) | 8,700 |
| Beginning Cash Balance | 17,173 | 873 |
| Ending Cash Balance | 2,824 | 9,573 |
| Supplemental Disclosures | ||
| Interest expense | ||
| Income taxes | ||
Condensed Balance Sheets (Unaudited) - USD ($) |
Sep. 30, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Current Assets | ||
| Cash | $ 2,824 | $ 17,173 |
| Total Current Assets | 2,824 | 17,173 |
| Total Assets | 2,824 | 17,173 |
| Current Liabilities | ||
| Accounts payable – related party | 10,500 | 6,000 |
| Accrued interest – related party | 112,694 | 98,162 |
| Notes payable – related party | 242,215 | 242,215 |
| Total Current Liabilities | 365,409 | 346,377 |
| Total Liabilities | 365,409 | 346,377 |
| Stockholders' Deficit | ||
| Preferred stock - 10,000,000 shares authorized having a par value of $0.001 per share - None issued and outstanding | ||
| Common Stock - 100,000,000 shares authorized having a par value of $0.001 per share, 3,332,200 shares issued and outstanding | 3,332 | 3,332 |
| Additional paid in capital | 713,573 | 713,573 |
| Accumulated deficit | (1,079,490) | (1,046,109) |
| Total Stockholders' Deficit | (362,585) | (329,204) |
| Total Liabilities and Stockholders’ Equity | $ 2,824 | $ 17,173 |