KINGTHOMASON GROUP INC

CIK:0001133116|SEC Filings

Statements Of Operations (USD $)	3 Months Ended
Statements Of Operations (USD $)	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Net Sales
Research and development	0us-gaap_ResearchAndDevelopmentExpense	0us-gaap_ResearchAndDevelopmentExpense
General administration	1,166us-gaap_GeneralAndAdministrativeExpense	51,932us-gaap_GeneralAndAdministrativeExpense
Operating expenses	1,166us-gaap_OperatingExpenses	51,932us-gaap_OperatingExpenses
Loss from operations	(1,166)	(51,932)
Interest expenses and exchange gains	(22,192)us-gaap_OtherNonoperatingIncomeExpense	(22,192)us-gaap_OtherNonoperatingIncomeExpense
Net loss	$ (23,358)us-gaap_NetIncomeLoss	$ (74,124)us-gaap_NetIncomeLoss
Basic loss per share	$ 0us-gaap_EarningsPerShareBasicAndDiluted	$ (0.06)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average number of shares outstanding - Basic and diluted	11,599,152	11,599,152

Statements Of Cash Flows (USD $)	3 Months Ended
Statements Of Cash Flows (USD $)	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (23,358)us-gaap_NetIncomeLoss	$ (74,124)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:
Interest accrued	22,192	22,192
Stock based payments		48,000us-gaap_ShareBasedCompensation
Recapitalisation under reverse merger
Depreciation and amortization	116us-gaap_DepreciationAndAmortization	247us-gaap_DepreciationAndAmortization
Changes in operating assets and liabilities:
(Increase) Decrease in other current assets	(1,271)	1,655
(Decrease) Increase in accounts payable other and accrued liabilities	(4,379)	2,706
Net cash used in operating activities	(4,158)	(2,634)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of non-current assets	0	0
Net cash used in investing activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stockholders	0	0
Net cash from financing activities	0	0
Effect of exchange rate changes on cash	4,120	2,395
Net (decrease) increase in cash	(38)	(239)
Cash at beginning of period	563	3,636
Cash at end of period	525	3,397
Supplemental disclosure of cash flow information:
Cash paid for Interest
Cash paid for Taxes

Balance Sheet (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current Assets
Cash	$ 525	$ 563
Other receivables	17,602us-gaap_OtherReceivablesNetCurrent	18,873us-gaap_OtherReceivablesNetCurrent
Total Current Assets	18,127us-gaap_AssetsCurrent	19,436us-gaap_AssetsCurrent
Intangible assets, net	89us-gaap_FiniteLivedIntangibleAssetsNet	188us-gaap_FiniteLivedIntangibleAssetsNet
Fixed assets, net	193us-gaap_PropertyPlantAndEquipmentNet	233us-gaap_PropertyPlantAndEquipmentNet
Total Non-Current Assets	282us-gaap_AssetsNoncurrent	421us-gaap_AssetsNoncurrent
Total Assets	18,409us-gaap_Assets	19,857us-gaap_Assets
Current Liabilities
Accounts payable and accrued expenses	101,879	103,537
Note payable	750,000us-gaap_NotesPayableCurrent	750,000us-gaap_NotesPayableCurrent
Other liabilities	357,819us-gaap_OtherLiabilitiesCurrent	338,371us-gaap_OtherLiabilitiesCurrent
Total Current Liabilities	1,209,698us-gaap_LiabilitiesCurrent	1,191,908us-gaap_LiabilitiesCurrent
Stockholders' Deficit
Common stock, $0.11 par value; 11,919,370 and 11,919,370 shares issued and outstanding	1,311,131us-gaap_CommonStockValue	1,311,131us-gaap_CommonStockValue
Preferred stock, $0.001 par value 1,000,000 Series A issued and outstanding	1,000us-gaap_PreferredStockValue	1,000us-gaap_PreferredStockValue
Additional Paid-In Capital	9,661,926us-gaap_AdditionalPaidInCapital	9,661,926us-gaap_AdditionalPaidInCapital
Deficit accumulated during development stage	(12,275,192)	(12,251,834)
Other comprehensive income	109,846	105,726
Total Stockholders' Deficit	(1,191,289)us-gaap_StockholdersEquity	(1,172,051)us-gaap_StockholdersEquity
Total liabilities and stockholders' deficit	18,409	19,857
Series A Preferred Stock
Stockholders' Deficit
Preferred stock, $0.001 par value 1,000,000 Series A issued and outstanding	1,000	1,000
Total Stockholders' Deficit	1,000	1,000
Total liabilities and stockholders' deficit	$ 1,000	$ 1,000