JACC STUDIOS INC.
CIK:0001653979|SEC Filings
STATEMENT OF OPERATIONS - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
| Income Statement [Abstract] | ||
| REVENUE | ||
| OPERATING EXPENSES | ||
| General and administrative | 25,279 | 16,168 |
| Software development costs | 14,875 | |
| Total operating expenses | 40,154 | 16,168 |
| Net loss before income taxes | (40,154) | (16,168) |
| Income taxes | ||
| NET LOSS | $ (40,154) | $ (16,168) |
| Earning per share - basic and diluted | $ (0.00) | $ (0.00) |
| Weighted average number of shares outstanding - basic and diluted | 29,388,219 | 27,260,000 |
STATEMENT OF CASH FLOWS - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
| Cash Flows from Operating Activities: | ||
| Net Loss | $ (40,154) | $ (16,168) |
| Changed in operating liabilities | ||
| Accrued expenses | 5,462 | 1,066 |
| Net Cash used in Operating Activities | (34,692) | (15,102) |
| Cash flows from Financing Activities: | ||
| Proceeds from issuance of common stock in private placement | 64,650 | |
| Proceeds from stockholder loan, net of repayment | (13,490) | 15,030 |
| Net Cash provided by Financing Activities | 51,160 | 15,030 |
| Net decrease in cash | 16,468 | (72) |
| Cash at beginning of period | 113 | 185 |
| Cash at end of period | 16,581 | 113 |
| Supplemental disclosures of cash flow information: | ||
| Interest | ||
| Income Taxes | ||
BALANCE SHEET - USD ($) |
Dec. 31, 2019 |
Dec. 31, 2018 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash | $ 16,581 | $ 113 |
| TOTAL CURRENT ASSETS | 16,581 | 113 |
| TOTAL ASSETS | 16,581 | 113 |
| CURRENT LIABILITIES | ||
| Accounts payable and accrued expenses | 13,972 | 8,510 |
| Stockholder loan | 9,984 | 23,474 |
| Total current liabilities | 23,956 | 31,984 |
| TOTAL LIABILITIES | 23,956 | 31,984 |
| STOCKHOLDERS' EQUITY | ||
| Common stock, $0.001 par value, 200,000,000 shares authorized, 51,535,000 and 27,260,000 shares issued and outstanding as of December 31, 2019 and 2018, respectively | 51,535 | 27,260 |
| Additional paid-in capital | 89,815 | 49,440 |
| Stock subscription receivable | (25,500) | (25,500) |
| Accumulated deficit | (123,225) | (83,071) |
| Total stockholders' equity | (7,375) | (31,871) |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 16,581 | $ 113 |