BALANCE SHEETS (Parentheticals) (USD $)
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Jun. 30, 2011
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Dec. 31, 2010
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Statement Of Financial Position [Abstract] | Â | Â |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 25,860,192 | 25,860,192 |
Common stock, shares outstanding | 25,860,192 | 25,860,192 |
STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2011
|
Jun. 30, 2010
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Jun. 30, 2011
|
Jun. 30, 2010
|
|
Revenues | ||||
Cost of revenue | ||||
Gross Profit | ||||
Other Costs: | Â | Â | Â | Â |
General and administrative expenses | 3,375 | 2,825 | 7,801 | 4,927 |
Total Other Costs | 3,375 | 2,825 | 7,801 | 4,927 |
Operating loss | (3,375) | (2,825) | (7,801) | (4,927) |
Other Income (Expense): | Â | Â | Â | Â |
Interest income | 3 | 1 | 7 | 5 |
Interest expense - stockholders | (673) | (299) | (1,339) | (595) |
Total Other Income (Expense) | (670) | (298) | (1,332) | (590) |
Net Loss | (4,045) | (3,123) | (9,133) | (5,517) |
Loss per share: | Â | Â | Â | Â |
Basic and diluted loss per common share (in dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 |
Basic and diluted common shares outstanding (in shares) | $ 25,860,192 | $ 25,860,192 | $ 25,860,192 | $ 25,860,192 |
Document And Entity Information
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6 Months Ended | |
---|---|---|
Jun. 30, 2011
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Jul. 29, 2011
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|
Document and Entity Information [Abstract] | Â | Â |
Entity Registrant Name | BAYNON INTERNATIONAL CORP | Â |
Entity Central Index Key | 0001089598 | Â |
Trading Symbol | bynn | Â |
Entity Current Reporting Status | Yes | Â |
Entity Voluntary Filers | No | Â |
Current Fiscal Year End Date | --12-31 | Â |
Entity Filer Category | Smaller Reporting Company | Â |
Entity Well-Known Seasoned Issuer | No | Â |
Entity Common Stock, Shares Outstanding | Â | 25,860,192 |
Document Type | 10-Q | Â |
Document Period End Date | Jun. 30, 2011 | |
Amendment Flag | false | Â |
Document Fiscal Year Focus | 2011 | Â |
Document Fiscal Period Focus | Q2 | Â |
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CONVERTIBLE NOTES PAYALE - STOCKHOLDER
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6 Months Ended |
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Jun. 30, 2011
|
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Convertible Notes Payable To Stockholder [Abstract] | Â |
CONVERTIBLE NOTES PAYALE - STOCKHOLDER | 3. CONVERTIBLE NOTES PAYABLE – STOCKHOLDER On September 1, 2009, the Company issued an unsecured note payable to a stockholder in exchange for $20,000 in cash, for the Company's working capital needs. The note bored interest at 6% per annum and matured on September 1, 2010. The stockholder had the option to convert the note and accrued interest into the Company's common stock at $.01 per share. On September 1, 2010, the note was extended (renewed) to September 1, 2011, with the same terms as the original note with the exception of the option to convert changed to $.0125 per share. The option expires on September 1, 2011. On August 23, 2010, the Company issued an unsecured note payable to the same stockholder in exchange for $25,000 in cash, for the Company's working capital needs. The note bears interest at 6% per annum, and matured on August 23, 2011. The stockholder has the option to convert the note and accrued interest into the Company's common stock at $.0125 per share. The option expires on August 23, 2011. At June 30, 2011 and December 31, 2010, accrued interest on the notes was $3,471 and $2,132 respectively. Interest expense amounted to $1,339 and $595 for the six months ended June 30, 2011 and 2010, respectively. |
THE COMPANY
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6 Months Ended |
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Jun. 30, 2011
|
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Nature Of Operation [Abstract] | Â |
THE COMPANY | 1. THE COMPANY Baynon International Corp., formerly known as Technology Associates Corporation (the "Company"), was originally incorporated on February 29, 1968 under the laws of the Commonwealth of Massachusetts to engage in any lawful corporate undertaking. On December 28, 1989, the Company reincorporated under the laws of the State of Nevada. The Company was formerly engaged in the technology marketing business and its securities traded on the National Association of Securities Dealers OTC Bulletin Board. The Company has not engaged in any business operations for at least the last eight fiscal years and has no operations to date. The Company will attempt to identify and negotiate with a business target for the merger of that entity with and into the Company. In certain instances, a target company may wish to become a subsidiary of the company or wish to contribute assets to the Company rather than merge. No assurance can be given that the Company will be successful in identifying or negotiating with any target company. The Company provides a means for a foreign or domestic private company to become a reporting (public) company whose securities would be qualified for trading in the United States secondary market. |
SUBSEQUENT EVENTS
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6 Months Ended |
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Jun. 30, 2011
|
|
Subsequent Events [Abstract] | Â |
SUBSEQUENT EVENTS | 4. SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date that the financials were issued. |
STATEMENTS OF CASH FLOWS (USD $)
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6 Months Ended | |
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Jun. 30, 2011
|
Jun. 30, 2010
|
|
Cash Flows from Operating Activities: | Â | Â |
Net loss | $ (9,133) | $ (5,517) |
Adjustments to reconcile net loss to net cash used in operating activities: | Â | Â |
Increase in accounts payable and accrued expenses | 4,501 | 2,023 |
Increase in accrued interest - stockholders | 1,339 | 595 |
Net cash used in operating activities | (3,293) | (2,899) |
Decrease in Cash and Cash Equivalents | (3,293) | (2,899) |
Cash and Cash Equivalents, beginning of period | 7,890 | 4,631 |
Cash and Cash Equivalents, end of period | 4,597 | 1,732 |
Cash paid during the period for: | Â | Â |
Income taxes | 500 | 500 |
Interest |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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6 Months Ended | ||||||||||||
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Jun. 30, 2011
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Basis Of Presentation and Significant Accounting Policies [Abstract] | Â | ||||||||||||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Presentation The December 31, 2010 balance sheet data was derived from audited financial statements but does not include all disclosures required by generally accepted accounting principles. In the opinion of management, the accompanying unaudited financial statements contain all normal and recurring adjustments necessary to present fairly the financial position of the Company as of June 30, 2011, its results of operations for the six months ended June 30, 2011 and 2010 and its cash flows for the six months ended June 30, 2011 and 2010. The statements of operations for the six months ended June 30, 2011 and 2010 are not necessarily indicative of the results for the full year. While the Company believes that the disclosures presented are adequate to make the information not misleading, these financial statements should be read in conjunction with the financial statements and accompanying notes included in the Company's annual Report on Form 10-K for the year ended December 31, 2010. Loss Per Share The Company computes loss per share in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 260, "Earnings Per Share". Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding, Diluted earnings per share reflects the potential dilution that could occur if securities or other agreements to issue common stock were exercised or converted into common stock. Diluted earnings per share is computed based upon the weighted average number of common shares and dilutive common equivalent shares outstanding, which includes convertible debentures, stock options and warrants. The following securities have been excluded from the calculation of loss per share for the six months ended June 30, 2011 and 2010 as their effect would be anti-dilutive:
Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has incurred continuing operating losses and has an accumulated deficit of $267,232 at June 30, 2011. The Company has no revenue generating operations and has limited cash resources. These factors raise substantial doubt about the ability of the Company to continue as a going concern. Management believes that it will be able to achieve a satisfactory level of liquidity to meet the Company's obligations through June 30, 2012 by obtaining additional financing from key officers, directors and certain investors. However, there can be no assurance that the Company will be able to generate sufficient liquidity to maintain its operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. Fair Value of Financial Instruments The carrying amounts reported in the balance sheet for cash and cash equivalents, accounts payable, notes payable, and accrued expenses approximate fair value based on the short-term maturity of those instruments. Recently Issued Accounting Standards Management does not believe that any recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying financial statements. |
BALANCE SHEETS (USD $)
|
Jun. 30, 2011
|
Dec. 31, 2010
|
---|---|---|
Current Assets: | Â | Â |
Cash and cash equivalents | $ 4,597 | $ 7,890 |
Total Current Assets | 4,597 | 7,890 |
TOTAL ASSETS | 4,597 | 7,890 |
Current Liabilities: | Â | Â |
Accounts payable and accrued expenses | 18,550 | 14,049 |
Convertible notes payable - stockholder | 45,000 | 45,000 |
Accrued interest - stockholder | 3,471 | 2,132 |
Total Current Liabilities | 67,021 | 61,181 |
Stockholders' Deficiency: | Â | Â |
Common stock, par value $.001, authorized 50,000,000 shares, issued and outstanding 25,860,192 shares | 25,860 | 25,860 |
Additional paid-in capital | 178,948 | 178,948 |
Accumulated deficit | (267,232) | (258,099) |
Total Stockholders' Deficiency | (62,424) | (53,291) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY | $ 4,597 | $ 7,890 |
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