SPECIALTY CONTRACTORS, INC.
CIK:0001489039|SEC Filings
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Consolidated Statements of Operations (Unaudited) (USD $)
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3 Months Ended | |
|---|---|---|
|
Mar. 31, 2014
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Mar. 31, 2013
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|
| Income Statement [Abstract] | ||
| Revenue | $ 202,000 | $ 0 |
| Cost of revenues | 230,635 | 0 |
| Gross Profit (Loss) | (28,635) | 0 |
| Operating Expenses: | ||
| General and Administrative | 9,639 | 12,976 |
| Total Operating Expenses | 9,639 | 12,976 |
| Operating Loss | (38,274) | (12,976) |
| Other Expense | ||
| Interest Expense | 2,111 | 0 |
| Total Other Expense | 2,111 | 0 |
| Loss from Discontinued Operations | (40,385) | (12,976) |
| Net Loss | $ (40,385) | $ (12,976) |
| Basic and Diluted Loss Per Share | $ (0.01) | $ 0.00 |
| Basic and Diluted | 6,937,834 | 6,781,167 |
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Consolidated Statements of Cash Flows (Unaudited) (USD $)
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3 Months Ended | |
|---|---|---|
|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
| Statement of Cash Flows [Abstract] | ||
| Net Loss | $ (40,385) | $ (12,976) |
| Adjustments to reconcile net loss to net cash used by operating activities: | ||
| Stock issued for Services | 0 | 5,100 |
| Changes in assets and liabilities: | ||
| Change in Inventory | 7,378 | (1,937) |
| Change in accounts payable | 4,406 | 1,862 |
| Change in accounts payable, related parties | 32,778 | 0 |
| Change in amounts due shareholder | (2,803) | 750 |
| NET CASH USED IN OPERATING ACTIVITIES | 1,374 | (7,201) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Cash received from reverse merger | 0 | 50,662 |
| NET CASH USED BY INVESTING ACTIVITIES | 0 | 50,662 |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 1,374 | 43,461 |
| CASH AND CASH EQUIVALENTS, BEGINING OF YEAR | 707 | 0 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | 2,081 | 43,461 |
| SUPPLEMENTAL DISCLOSURES | ||
| Cash paid during the period for Interest Expense | 2,111 | 0 |
| NONCASH FINANCING AND INVESTING ACTIVITIES | ||
| Settlement of Line-of-Credit | $ 194,622 | $ 0 |
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Consolidated Balance Sheets (Unaudited) (USD $)
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Mar. 31, 2014
|
Dec. 31, 2013
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|---|---|---|
| Current Assets | ||
| Cash | $ 2,081 | $ 707 |
| Inventory | 0 | 202,000 |
| Total Current Assets | 2,081 | 202,707 |
| Total Assets | 2,081 | 202,707 |
| Current Liabilities | ||
| Accounts Payable | 6,690 | 2,284 |
| Accounts Payable - Related Party | 58,618 | 25,840 |
| Due to shareholder | 0 | 2,803 |
| Line of Credit | 0 | 194,622 |
| Total Current Liabilities | 65,308 | 225,549 |
| Total Liabilities | 65,308 | 225,549 |
| Stockholders' Equity: | ||
| Preferred Stock, $0.001 par value, 25,000,000 shares authorized, 0 and 0 shares issued and outstanding | 0 | 0 |
| Common Stock, $0.001 par value, 100,000,000 shares authorized, 6,937,834 and 6,937,834 shares issued and outstanding | 6,938 | 6,938 |
| Additional Paid In Capital | 149,804 | 149,804 |
| Accumulated Deficit | (219,969) | (179,584) |
| Stockholders' Equity (Deficit) | (63,227) | (22,842) |
| Total Liabilities and Stockholders' Equity | $ 2,081 | $ 202,707 |