READABOO, INC.
CIK:0001606736|SEC Filings
Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Income Statement [Abstract] | ||||
| Revenue | ||||
| Operating Expenses | ||||
| Professional fees | $ 4,040 | $ 6,440 | $ 21,731 | $ 29,933 |
| General and administrative | 13,888 | 16,282 | 42,265 | 44,819 |
| Total Operating Expenses | 17,928 | 22,722 | 63,996 | 74,752 |
| Loss from Operations | (17,928) | (22,722) | (63,996) | (74,752) |
| Other (Expense) | ||||
| Other Income | 2 | 15 | 7 | 73 |
| Interest Expense | (1,253) | (78) | (3,023) | (146) |
| NET LOSS | $ (19,179) | $ (22,785) | $ (67,012) | $ (74,825) |
| Net Loss Per Share - Basic and Diluted | $ (0.00) | $ (0.01) | $ (0.01) | $ (0.02) |
| Weighted average number of shares outstanding during the year/period - Basic and Diluted | 4,500,000 | 4,500,000 | 4,500,000 | 4,500,000 |
Consolidated Statements of Cash Flows (Unaudited) - USD ($) |
9 Months Ended | |
|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Cash Flows Used in Operating Activities: | ||
| Net Loss | $ (67,012) | $ (74,825) |
| Adjustments to reconcile net loss to net cash used in operations | ||
| In-kind contribution of services | 39,000 | 39,000 |
| Changes in operating assets and liabilities: | ||
| Increase in accounts payable and accrued expenses | $ 12,335 | 23,923 |
| Increase in deferred revenue | 2,000 | |
| Increase in accrued interest payable - related party | $ 630 | 145 |
| Net Cash Used In Operating Activities | (15,047) | (9,757) |
| Cash Flows From Financing Activities: | ||
| Proceeds from note payable- related party | 14,405 | 4,500 |
| Net Cash Provided by Financing Activities | 14,405 | 4,500 |
| Net Decrease in Cash | (642) | (5,257) |
| Cash at Beginning of Period | 1,602 | 7,914 |
| Cash at End of Period | $ 960 | $ 2,657 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | ||
| Cash paid for taxes | ||
Consolidated Balance Sheets - USD ($) |
Dec. 31, 2015 |
Mar. 31, 2015 |
|---|---|---|
| Current Assets | ||
| Cash | $ 960 | $ 1,602 |
| Current and Total Assets | 960 | 1,602 |
| Current Liabilities | ||
| Accounts payable and accrued expenses | 39,447 | 27,112 |
| Note payable - related party | 21,504 | 7,099 |
| Accrued Interest Payable - related party | 919 | 289 |
| Loan payable Deferred Revenue | 2,000 | 2,000 |
| Current and Total Liabilities | $ 63,870 | $ 36,500 |
| Commitments and Contingencies | ||
| Stockholders' Deficit | ||
| Common stock, $0.0001 par value; 30,000,000 shares authorized, 4,500,000 shares issued and outstanding | $ 450 | $ 450 |
| Additional paid-in capital | 129,950 | 90,950 |
| Accumulated Deficit | (193,310) | (126,298) |
| Total Stockholders' Deficit | (62,910) | (34,898) |
| Total Liabilities and Stockholders' Deficit | $ 960 | $ 1,602 |