Atlantic Alliance Partnership Corp.
CIK:0001630940|SEC Filings
Condensed Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
| Income Statement [Abstract] | ||||
| Operating costs | $ 12,576 | $ 17,569 | $ 53,455 | $ 59,023 |
| Net loss | $ (12,576) | $ (17,569) | $ (53,455) | $ (59,023) |
| Weighted average shares outstanding, basic and diluted | 2,976,691 | 2,976,691 | 2,976,691 | 2,976,691 |
| Basic and diluted net loss per share | $ 0 | $ (0.01) | $ (0.02) | $ (0.02) |
Condensed Statements of Cash Flows (Unaudited) - USD ($) |
9 Months Ended | |
|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
|
| Cash Flows from Operating Activities: | ||
| Net loss | $ (53,455) | $ (59,023) |
| Changes in operating assets and liabilities: | ||
| Account payable and accrued expenses | 3,903 | 8,121 |
| Net cash used in operating activities | (49,552) | (50,902) |
| Cash Flows from Financing Activities: | ||
| Advances from related parties | 77,000 | 67,695 |
| Repayment of advances from related party | (6,500) | |
| Net cash provided by financing activities | 77,000 | 61,195 |
| Net Change in Cash | 27,448 | 10,293 |
| Cash - Beginning | 1,472 | 684 |
| Cash - Ending | $ 28,920 | $ 10,977 |
Condensed Balance Sheets - USD ($) |
Sep. 30, 2020 |
Dec. 31, 2019 |
|---|---|---|
| Current Assets | ||
| Cash | $ 28,920 | $ 1,472 |
| TOTAL ASSETS | 28,920 | 1,472 |
| Current Liabilities | ||
| Accounts payable and accrued expenses | 213,166 | 209,263 |
| Advances from related parties | 163,195 | 86,195 |
| TOTAL LIABILITIES | 376,361 | 295,458 |
| Shareholder's Deficit | ||
| Preferred shares, no par value; unlimited shares authorized, none issued and outstanding | ||
| Ordinary shares, no par value; unlimited shares authorized; 2,976,691 shares issued and outstanding as of September 30, 2020 and December 31, 2019 | 521,130 | 521,130 |
| Accumulated deficit | (868,571) | (815,116) |
| Total Shareholder’s Deficit | (347,441) | (293,986) |
| TOTAL LIABILITIES AND SHAREHOLDER’S DEFICIT | $ 28,920 | $ 1,472 |