Healthway Shopping Network
CIK:0001479014|SEC Filings
Statements of Operations - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
| Ordinary Income/Expense | ||
| Sales | $ 5,614,661.02 | |
| Cleveland Gary | 11,512.15 | $ 506.45 |
| Online transfer | 5,900 | |
| Total Income | 5,632,073.17 | 506.45 |
| Cost of Goods Sold | ||
| Cost of Goods Sold | 5,183,107.67 | |
| Merchant Acct Fees | 109.13 | |
| Total COGS | 5,183,107.67 | 109.13 |
| Gross Profit | 448,965.5 | 397.32 |
| Expense | ||
| bank fee | 32.5 | |
| Bank Service Charges | 28 | 860.4 |
| Expense Acct Office | 2,972.57 | 500 |
| Computer and Internet Expenses | 230.31 | 4,127.71 |
| Office Expense | 62.02 | 62.88 |
| Utilities | 3,000 | 3,000 |
| Rent | 1,350 | 1,600 |
| new account with TD | 6,575.15 | |
| Payroll Expenses | 5,540 | |
| Advertising & Promotion | 264.79 | |
| Automobile expenses | 498.59 | |
| Professional Fees | 223.77 | |
| Supplier | 389.45 | |
| Telephone Expense | 1,360.21 | |
| Travel expense | 18,299.23 | |
| Uniforms | 137.25 | |
| USPS | 84.1 | |
| Travel expense | 1,013.61 | 323.22 |
| Subsidiary Expenses | 271,011.94 | 323.22 |
| Total Expense | 291,816.1 | 32,054.82 |
| Net Ordinary Income | 157,149.4 | (31,657.5) |
| Net Income | $ 157,149 | $ (31,657.5) |
Statements of Cash Flows - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
| OPERATING ACTIVITIES | ||
| Net Income | $ 157,149.4 | $ (31,324.38) |
| Adjustments to reconcile Net Income to net cash provided by operations: | ||
| Accounts Payable | 4,350 | 4,600 |
| Cleveland Gary Current Liab | 200 | |
| Net cash provided by Operating Activities | 161,699.4 | (26,724.28) |
| Net cash increase for period | 161,699.4 | (26,724.28) |
| Cash at beginning of period | 283,978 | 3,576.4 |
| Cash at end of period | $ 445,677.4 | $ (23,147.88) |
Balance Sheets - USD ($) |
Mar. 31, 2017 |
Mar. 31, 2016 |
|---|---|---|
| Current Assets | ||
| Checking/Savings | $ 625,264 | $ 3,622 |
| Total Current Assets | 625,264 | 3,622 |
| Investment | 23,520,000 | |
| TOTAL ASSETS | 24,145,263 | 3,622 |
| Current Liabilities | ||
| G & A | 236,560 | 26,855.35 |
| Accounts Payable | 36,676 | 19,275.5 |
| Accrued Liabilities | 388,368 | 2,000 |
| Related Party Payable | 57,826 | 57,625.5 |
| Customer deposits - BCN | 5,100 | 3,100 |
| Total Other Current Liabilities | 724,528 | 108,856 |
| Total Current Liabilities | 724,528 | 108,856 |
| Total Liabilities | 724,528 | 108,856 |
| Equity | ||
| Common Stock | 117,524 | 19 |
| Paid in Excess | 23,534,828 | 14,827.55 |
| Retained Earnings | (388,765) | (88,746.35) |
| Net Income | 157,149 | (31,334.28) |
| Total Equity | 23,420,735 | (105,234) |
| TOTAL LIABILITIES & EQUITY | 24,145,263 | 3,622 |
| BSN [Member] | ||
| Current Assets | ||
| Checking/Savings | 3,576 | 3,576.4 |
| Wells Fargo [Member] | ||
| Current Assets | ||
| Checking/Savings | 150 | $ 450.48 |
| WF - HWSN Business Market Acct [Member] | ||
| Current Assets | ||
| Checking/Savings | 50 | |
| Arcade Assets [Member] | ||
| Current Assets | ||
| Checking/Savings | $ 621,487 |