Syndicated Resorts Association,Inc.
CIK:0001723177|SEC Filings
Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
|
| Operating Expenses | ||||
| Advertising | $ 0 | $ 900 | $ 0 | $ 900 |
| General and Administrative | 347 | 628 | 4,231 | 5,946 |
| Legal and Professional | 6,380 | 1,822 | 24,520 | 22,807 |
| Total Operating Expenses | 6,727 | 3,350 | 28,751 | 29,653 |
| Loss from Operations | (6,727) | (3,350) | (28,751) | (29,653) |
| Other Income (Expense) | ||||
| Other Expense | (569) | (915) | (605) | (1,572) |
| Total Other Income (Expense) | (569) | (915) | (605) | (1,572) |
| Loss from Operations before Income Taxes | (7,296) | (4,265) | (29,356) | (31,225) |
| Provision for Income Taxes | 0 | 0 | 0 | 0 |
| Net Loss | $ (7,296) | $ (4,265) | $ (29,356) | $ (31,225) |
| Weighted Average Number of Common Shares - Basic and Diluted | 7,990,000 | 7,990,000 | 7,990,000 | 7,990,000 |
| Net Loss per Common Shares - Basic and Diluted | $ (0.00) | $ (0.0) | $ (0.00) | $ (0.00) |
Statements of Cash Flows (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2020 |
Mar. 31, 2020 |
Jun. 30, 2019 |
Mar. 31, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
|
| Cash Flows from Operating Activities | ||||||
| Net Loss | $ (7,296) | $ (22,060) | $ (4,265) | $ (26,960) | $ (29,356) | $ (31,225) |
| Change in Operating Assets and Liabilities | ||||||
| Increase in Prepaid Expense | (5,000) | 0 | ||||
| Increase in Accounts Payable | 2,600 | 11,683 | ||||
| Increase in Credit Card Payable | 11,593 | 0 | ||||
| Increase (Decrease) in Accrued Expenses | (1,800) | 7,695 | ||||
| Net Cash Used by Operating Activities | (21,963) | (11,847) | ||||
| Cash Flows from Financing Activities | ||||||
| Contributed Capital | 21,317 | 11,710 | ||||
| Net Cash Provided by Financing Activities | 21,317 | 11,710 | ||||
| Net Decrease in Cash | (646) | (137) | ||||
| Cash Balance - Beginning of Period | $ 1,669 | $ 1,797 | 1,669 | 1,797 | ||
| Cash Balance - End of Period | $ 1,023 | $ 1,660 | $ 1,023 | $ 1,660 | ||
Balance Sheets (Unaudited) - USD ($) |
Jun. 30, 2020 |
Dec. 31, 2019 |
|---|---|---|
| Current Assets | ||
| Cash | $ 1,023 | $ 1,669 |
| Prepaid Expense | 5,000 | 0 |
| Total Assets | 6,023 | 1,669 |
| Liabilities | ||
| Accounts Payable | 3,858 | 1,258 |
| Credit Card Payable | 13,524 | 1,931 |
| Accrued Expenses | 0 | 1,800 |
| Total Current Liabilities | 17,382 | 4,989 |
| Commitments and Contingencies (Note 8) | ||
| Stockholders' Equity (Deficit) | ||
| Preferred Stock - Par Value $0.0001, 20,000,000 Shares Authorized, 0 Issued and Outstanding | 0 | 0 |
| Common Stock - Par Value $0.0001, 100,000,000 Shares Authorized, 7,990,000 Issued and Outstanding | 799 | 799 |
| Additional Paid in Capital | 202,880 | 181,563 |
| Retained Deficit | (215,038) | (185,682) |
| Total Stockholder's Equity (Deficit) | (11,359) | (3,320) |
| Total Liabilities and Stockholders' Equity (Deficit) | $ 6,023 | $ 1,669 |