AF OCEAN INVESTMENT MANAGEMENT Co
CIK:0001501489|SEC Filings
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
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| Income Statement | |||||
| Revenue - Related Party | $ 270,516 | [1] | $ 389,048 | ||
| Expenses | |||||
| General & Administrative | 582,435 | [1] | 2,248,288 | ||
| Impairment of Intangible | [1] | 294,193 | |||
| Depreciation & amortization | 5,668 | [1] | 8,896 | ||
| Total Operating Expenses | 882,296 | [1] | 2,257,184 | ||
| Operating (Loss) Income | (611,780) | [1] | (1,868,136) | ||
| Other Income (Expense) | |||||
| Interest expense | (391) | ||||
| Interest income | 710 | [1] | 540 | ||
| Total Other Income (Expense), net | 710 | [1] | 149 | ||
| Net (Loss) Income | (611,070) | [1] | (1,867,987) | ||
| Foreign Currency Gain (Loss) | (1,429) | [1] | 2,634 | ||
| Comprehensive (Loss) | $ (612,499) | [1] | $ (1,865,353) | ||
| Earnings (loss) per share - basic and dilutive (in dollars per share) | $ (0.00) | [1] | $ (0.01) | ||
| Weighted average shares (in shares) | 264,844,767 | [1] | 149,321,606 | ||
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CONSOLIDATED BALANCE SHEETS - USD ($) |
Dec. 31, 2015 |
Dec. 31, 2014 |
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|---|---|---|---|---|---|---|
| Current assets | ||||||
| Cash | $ 60,741 | [1] | $ 247,478 | |||
| Cash held for Related Party | 355,615 | [1] | 837,296 | |||
| Management Fee Receivable - Related Party | 130,522 | [1] | 169,500 | |||
| Prepaid Expenses | 2,752 | [1] | 12,536 | |||
| Due from Related Party | [1] | 5,500 | ||||
| Interest on Related Party Loan | [1] | 467 | ||||
| Note Receivable - Related Party | [1] | 11,193 | ||||
| Total Current Assets | 566,790 | [1] | 1,266,810 | |||
| Other Assets | ||||||
| Property & equipment, net of depreciation of $21,967 and $16,299 | 6,531 | [1] | 12,199 | |||
| Intangibles | [1] | 294,193 | ||||
| Deposits | 8,481 | [1] | 2,020 | |||
| Technology | 1,000 | [1] | 1,000 | |||
| Total Other Assets | 16,012 | [1] | 309,412 | |||
| Total Assets | 582,802 | [1] | 1,576,222 | |||
| Current liabilities | ||||||
| Accounts payable | 816 | [1] | 3,847 | |||
| Accrued expenses | 1,407 | [1] | 10,605 | |||
| Cash Due to Related Party | 355,615 | [1] | 837,296 | |||
| Total current liabilities | 357,838 | [1] | 851,748 | |||
| Total Liabilities | 357,838 | [1] | 851,748 | |||
| Stockholders' equity | ||||||
| Preferred Stock, no par value, 5,000,000 shares issued and outstanding | 1,000 | [1] | 1,000 | |||
| Common Stock, $.01 par value, 5,000,000,000 shares authorized; 298,007,767 shares and 259,201,789 shares issued and outstanding | 2,980,078 | [1] | 2,592,018 | |||
| Subscription Receivable - Related Party | (74,093) | |||||
| Additional paid-in capital | 513,848 | [1] | 863,012 | |||
| Other comprehensive income | 1,732 | [1] | 3,161 | |||
| Accumulated deficit | (3,271,694) | [1] | (2,660,624) | |||
| Total stockholders' equity | 224,964 | [1] | 724,474 | |||
| Total liabilities and stockholders' equity | $ 582,802 | [1] | $ 1,576,222 | |||
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