0001078782-13-002198.txt : 20131113 0001078782-13-002198.hdr.sgml : 20131113 20131113135445 ACCESSION NUMBER: 0001078782-13-002198 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 20130930 FILED AS OF DATE: 20131113 DATE AS OF CHANGE: 20131113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JOLLEY MARKETING INC CENTRAL INDEX KEY: 0001187953 STANDARD INDUSTRIAL CLASSIFICATION: [9995] IRS NUMBER: 870622284 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-53500 FILM NUMBER: 131213893 BUSINESS ADDRESS: STREET 1: 664 SOUTH ALVEY DRIVE CITY: MAPLETON STATE: UT ZIP: 84664 BUSINESS PHONE: (801) 489-4802 MAIL ADDRESS: STREET 1: 664 SOUTH ALVEY DRIVE CITY: MAPLETON STATE: UT ZIP: 84664 10-Q 1 f10q093013_10q.htm FORM 10-Q QUARTERLY REPORT SEPTEMBER 30 2013 FORM 10-Q Quarterly Report September 30 2013

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-Q


(Mark One)


 X . QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the quarterly period ended September 30, 2013.

or


     . TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the transition period from _______________________ to ___________________________


Commission File Number: 000-53500


JOLLEY MARKETING, INC.

(Exact name of registrant as specified in its charter)


Nevada

87-0622284

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

 

 

664 South Alvey Drive, Mapleton, Utah

84664

(Address of principal executive offices)

(Zip Code)

 

 

(801) 489-3346

(Registrant’s telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  X . No      .


Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes  X . No      .


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer

      .

Accelerated filer

      .

Non-accelerated filer

      . (Do not check if a smaller reporting company)

Smaller reporting company

  X .


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  X . No      .


Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of November 13, 2013: 18,113,750




JOLLEY MARKETING, INC.

FORM 10-Q

SEPTEMBER 30, 2013


INDEX

 

 

Page

 

 

 

PART I.

FINANCIAL INFORMATION

3

 

 

 

 

Item 1. Financial Statements

3

 

 

 

 

Unaudited Condensed Balance Sheets – September 30, 2013 and December 31, 2012

3

 

 

 

 

Unaudited Condensed Statements of Operations for the three and nine months ended September 30, 2013 and 2012

4

 

 

 

 

Unaudited Condensed Statements of Cash Flows for the nine months ended September 30, 2013 and 2012

5

 

 

 

 

Notes to Unaudited Condensed Financial Statements

6

 

 

 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

8

 

 

 

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

10

 

 

 

 

Item 4. Controls and Procedures

10

 

 

 

PART II.

OTHER INFORMATION*

11

 

 

 

 

Item 5. Other Information

11

 

 

 

 

Item 6. Exhibits.

11

 

 

 

 

Signatures

12


*Inapplicable items have been omitted



2



PART I—FINANCIAL INFORMATION


Item 1. Financial Statements


JOLLEY MARKETING, INC.


UNAUDITED CONDENSED BALANCE SHEETS


 

 

September 30,

 

December 31,

 

 

2013

 

2012

ASSETS

 

 

 

 

 

 

 

 

 

CURRENT ASSETS:

 

 

 

 

Cash

$

398

$

781

Prepaid Expense

 

 -

 

787

Total Current Assets

 

398

 

1,568

 

 

 

 

 

Total Assets

$

398

$

1,568

 

 

 

 

 

LIABILITIES & STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES:

 

 

 

 

Accounts payable

$

8,098

$

9,980

Notes payable and accrued interest – related parties

 

111,281

 

89,337

Total Current Liabilities

 

119,379

 

99,317

 

 

 

 

 

STOCKHOLDERS' DEFICIT:

 

 

 

 

Preferred stock, $0.001 par value,

10,000,000 shares authorized,

no shares issued and outstanding

 

 

 

 

 

 

 

 

 

-

 

-

Common stock, $0.001 par value,

600,000,000 shares authorized,

18,113,750 shares issued and

outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

18,114

 

18,114

Capital in excess of par value

 

154,181

 

154,181

Retained Deficit

 

(291,276)

 

(270,044)

 

 

 

 

 

Total Stockholders' Deficit

 

(118,981)

 

(97,749)

 

 

 

 

 

Total Liabilities and Stockholders’ Deficit

$

398

$

1,568

 

 

 

 

 


The accompanying notes are an integral part of these unaudited condensed financial statements.



3



JOLLEY MARKETING, INC.


UNAUDITED CONDENSED STATEMENTS OF OPERATIONS


 

 

For the Three

 

For the Nine

 

 

Months Ended

 

Months Ended

 

 

September 30,

 

September 30,

 

 

2013

 

2012

 

2013

 

2012

REVENUE

$

-

$

-

$

-

$

-

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES:

 

 

 

 

 

 

 

 

     Professional fees

 

3,597

 

4,083

 

15,937

 

15,489

     Other general and administrative

 

-

 

-

 

100

 

100

           Total Operating Expenses

 

3,597

 

4,083

 

16,037

 

15,589

 

 

 

 

 

 

 

 

 

LOSS BEFORE OTHER INCOME (EXPENSE)

 

(3,597)

 

(4,083)

 

(16,037)

 

(15,589)

 

 

 

 

 

 

 

 

 

OTHER INCOME (EXPENSE):

 

 

 

 

 

 

 

 

    Interest expense – related party

 

(1,846)

 

(1,418)

 

(5,195)

 

(4,003)

           Total Other Income (Expense)

 

(1,846)

 

(1,418)

 

(5,195)

 

(4,003)

 

 

 

 

 

 

 

 

 

LOSS FROM CONTINUING

OPERATIONS BEFORE INCOME TAXES

 

 

 

 

 

 

 

 

 

(5,443)

 

(5,501)

 

(21,232)

 

(19,592)

 

 

 

 

 

 

 

 

 

CURRENT INCOME TAX BENEFIT (EXPENSE)

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

DEFERRED INCOME TAX BENEFIT (EXPENSE)

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

NET LOSS

$

(5,443)

$

(5,501)

$

(21,232)

$

(19,592)

 

 

 

 

 

 

 

 

 

BASIC AND DILUTED LOSS PER

COMMON SHARE:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

       Net loss per common share

$

(0.00)

$

(0.00)

$

(0.00)

$

(0.00)

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF

SHARES OUTSTANDING

 

 

 

 

 

 

 

 

 

18,113,750

 

18,113,750

 

18,113,750

 

18,113,750

 

 

 

 

 

 

 

 

 


The accompanying notes are an integral part of these unaudited condensed financial statements.




4



JOLLEY MARKETING, INC.


UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS


 

 

For the Nine

 

For the Nine

 

 

Months Ended

 

Months Ended

 

 

September 30,

 

September 30,

 

 

2013

 

2012

Cash Flows From Operating Activities:

 

 

 

 

Net loss

$

(21,232)

$

(19,592)

Adjustments to reconcile net loss to net

cash used by operating activities:

 

 

 

 

 

 

 

 

Changes in assets and liabilities:

 

 

 

 

(Increase) decrease in prepaid expense

 

787

 

1,606

Increase (decrease) in accrued interest – related party

 

3,718

 

4,003

Increase (decrease) in accounts payable

 

(1,882)

 

434

 

 

 

 

 

Net Cash Used by Operating Activities

 

(18,609)

 

(13,549)

 

 

 

 

 

Cash Flows From Investing Activities:

 

 

 

 

 

 

 

 

 

Net Cash Provided by Investing Activities

 

-

 

-

 

 

 

 

 

Cash Flows From Financing Activities:

 

 

 

 

Proceeds from issuance of notes payable – related party

 

26,550

 

13,200

Payments on Notes Payable - related party

 

(8,324)

 

-

 

 

 

 

 

Net Cash Provided by Financing Activities

 

18,226

 

13,200

 

 

 

 

 

Net Increase (Decrease) in Cash

 

(383)

 

(349)

 

 

 

 

 

Cash at Beginning of Period

 

781

 

1,105

 

 

 

 

 

Cash at End of Period

$

398

$

756

 

 

 

 

 

Supplemental Disclosures of Cash Flow Information:

 

 

 

 

Cash paid during the period for:

 

 

 

 

Interest

$

1,476

$

-

Income taxes

$

-

$

-


Supplemental Schedule of Non-cash Investing and Financing Activities:


For the nine months ended September 30, 2013:


None


For the nine months ended September 30, 2012:


None


The accompanying notes are an integral part of these unaudited condensed financial statements.




5




JOLLEY MARKETING, INC.


NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Condensed Financial Statements - The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at September 30, 2013 and 2012 and for the periods then ended have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2012 audited financial statements in the Company’s 2012 annual report on Form 10-K. The results of operations for the periods ended September 30, 2013 and 2012 are not necessarily indicative of the operating results for the full year.


NOTE 2 - GOING CONCERN


The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, during the nine months ended September 30, 2013, the Company incurred a net loss of $21,237, had negative cash flows from operating activities, had current liabilities in excess of current assets, and had no revenue-generating activities. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of common stock. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.


NOTE 3 - RELATED PARTY TRANSACTIONS


Notes Payable – During 2009, 2010 and 2011, an entity owned by an officer/shareholder of the Company loaned a total of $53,150 to the Company. The notes are due on demand and bear interest at 8% per annum. During the three months ended September 30, 2013 and 2012, the Company accrued interest expense of $1,063 and $1,063, respectively, on the notes.  During the nine months ended September 30, 2013 and 2012, the Company accrued interest expense of $3,189 and $3,189, respectively, on the notes.  Total accrued interest is $15,526 and $12,337 at September 30, 2013 and December 31, 2012, respectively.


On August 1, 2011 a minority shareholder loaned $6,000 to the Company. The note is due on demand and bears interest at 8% per annum.  On August 6, 2013 this note and accrued interest was repaid in full.  During the three months ended September 30, 2013 and 2012, the Company accrued interest expense of $49 and $120 on the notes, respectively.  During the nine months ended September 30, 2013 and 2012, the Company accrued interest expense of $289 and $480 on the notes, respectively.  Accrued interest is $0 and $642 at September 30, 2013 and December 31, 2012, respectively.


On February 8, 2012 a minority shareholder loaned $3,500 to the Company.  On March 5, 2012, a related party loaned an additional $3,000 to the Company.  On May 2, 2012, a minority shareholder loaned $2,500 to the Company.  The Company repaid $2,324 on this loan.  On July 16, 2012, a minority shareholder loaned $1,000 to the Company.  On August 7, 2012, a minority shareholder loaned $3,200 to the Company. On November 1, 2012 a minority shareholder loaned $1,600 to the Company. On November 13, 2012, a minority shareholder loaned $1,650 to the Company. On February 4, 2013, a minority shareholder loaned $6,000 to the Company.  On March 14, 2013, a minority shareholder loaned $2,850 to the Company.  On May 9, 2013 a minority shareholder loaned $5,700 to the Company.  On August 6, 2013 a minority shareholder loaned $12,000 to the Company.  These notes are due on demand and bear interest at 8% per annum.  During the three months ended September 30, 2013 and 2012, the Company recorded interest expense of $734 and $235 and repaid accrued interest of $546 on these notes.  During the nine months ended September 30, 2013 and 2012, the Company recorded interest expense of $1,717 and $454 on these notes.  Total accrued interest is $1,928 and $757 on these notes at September 30, 2013 and December 31, 2012, respectively.


Management Compensation - During the three and nine month periods ended September 30, 2013 and 2012, the Company paid no compensation to its officers and directors.


Office Space - The Company has not had a need to rent office space.  Officers/stockholders of the Company have allowed the Company to use their offices as a mailing address, as needed, at no cost to the Company.




6




NOTE 4 - CAPITAL STOCK


Preferred Stock - The Company has authorized 10,000,000 shares preferred stock, $0.001 par value, with such rights, preferences and designations and to be issued in such series as determined by the Board of Directors.  No shares are issued and outstanding at September 30, 2013 and December 31, 2012.


Common Stock - The Company has authorized 600,000,000 shares of common stock, $0.001 par value.  The Company has 18,113,750 common shares issued and outstanding at September 30, 2013 and December 31, 2012.


NOTE 5 - FAIR VALUE OF FINANCIAL INSTRUMENTS


The Company’s financial instruments consist of cash and accounts payable.  The carrying amount of cash and accounts payable approximates fair value because of the short-term nature of these items.


NOTE 6 - LOSS PER SHARE


The following data shows the amounts used in computing loss per share for the periods presented:


 

 

For the three months ended

September 30,

 

For the nine months ended

September 30,

 

 

2013

 

2012

 

2013

 

2012

Loss available to common

 

 

 

 

 

 

 

 

   Stockholders (numerator)

$

(5,443)

$

(5,501)

$

(21,232)

$

(19,592)

 

 

 

 

 

 

 

 

 

Weighted average number of common

 

 

 

 

 

 

 

 

   shares outstanding during the period

 

 

 

 

 

 

 

 

   used in loss per share (denominator)

 

18,113,750

 

18,113,750

 

18,113,750

 

18,113,750


Dilutive loss per share was not presented; however, there was no impact because the Company had no common equivalent shares for any of the periods presented that would affect the computation of diluted loss per share.  Furthermore, as the Company has losses for the periods ended September 30, 2013 and 2012, the potentially dilutive shares are anti-dilutive and are thus not added into the loss per share calculation.


NOTE 7 - SUBSEQUENT EVENTS


On November 7, 2013 a minority shareholder loaned $9,300 to the Company.  The note is due on demand and bears interest at 8% per annum.  Proceeds from the note will be used to fund operations.


The Company has evaluated subsequent events from the balance sheet date through the date these financial statements were issued and concluded there are no additional events to disclose.



7



Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations


Forward-Looking Statement Notice


This Form 10-Q contains certain forward-looking statements. For this purpose any statements contained in this Form 10-Q that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as “may,” “expect,” “believe,” “anticipate,” “estimate” or “continue” or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially depending on a variety of factors, many of which are not within our control. These factors include but are not limited to economic conditions generally and in the industries in which we may participate; competition within our chosen industry, including competition from much larger competitors; changes in rules or regulations relating to shell companies; technological advances and failure to successfully develop business relationships.


Overview


General


Jolley Marketing, Inc. was incorporated on December 3, 1998, in the State of Nevada. Our company has assets of nominal value and we have generated no revenue since September 2008. We are a “shell company” as defined pursuant to Rule 12b-2 under the Securities Exchange Act of 1934 (the “Exchange Act”). We intend to seek to acquire the assets or voting securities of one or more other companies that are actively engaged in a business that generates revenues in exchange for securities of our company, or to be acquired by such a company. We have not identified a particular acquisition target or entered into any negotiations regarding any acquisition.


Our company currently intends to remain a shell company until a merger or acquisition is consummated. We currently anticipate that our company’s cash requirements will be minimal until we complete such a merger or acquisition and that our sole director and officer, or his affiliates, will provide the financing that may be required for our limited operations prior to completing such a transaction. We currently have no employees. Our sole director and officer has agreed to allocate a portion of his time to the activities of our company, without cash compensation. He anticipates that we can implement our business plan by devoting a portion of his available time to our business affairs.


Three Month Periods Ended September 30, 2013 and 2012


Revenue


Our revenues for the three months ended September 30, 2013 and 2012, were $0 and $0, respectively.


Operating Expenses


For the three months ended September 30, 2013, operating expenses were $5,443, consisting of $3,597 in professional fees and interest expense of $1,846. For the three months ended September 30, 2012, operating expenses were $5,501, consisting of $4,083 in professional fees and interest expense of $1,418.  The Company's interest expense increased during the three months ended September 30, 2013 as compared to the three months ended September 30, 2012, due to an increase in the notes payable.

 

Net Loss


Our net losses for the three months ended September 30, 2013 and 2012 were $5,443 and $5,501, respectively, which resulted in a net loss per share of $0.00 for each period.  The increase in net loss for the three months ended September 30, 2013 as compared to September 30, 2012 is due to an increase in interest expense.


Nine Month Periods Ended September 30, 2013 and 2012


Revenue


Our revenues for the nine months ended September 30, 2013 and 2012, were $0 and $0, respectively.




8




Operating Expenses


For the nine months ended September 30, 2013, operating expenses were $21,232, consisting of $15,937 in professional fees, interest expense of $5,195, and other general and administrative expenses of $100.  For the nine months ended September 30, 2012, operating expenses were $19,592, consisting of $15,489 in professional fees, interest expense of $4,003, and other general and administrative expenses of $100.  The Company's professional fees increased during the nine months ended September 30, 2013 as compared to the September 30, 2012 due to an increase in fees paid for XBRL services and an increase in interest expense due to an increase in the notes payable.

 

Net Loss


Our net losses for the nine months ended September 30, 2013 and 2012 were $21,232 and $19,592, respectively, which resulted in a net loss per share of $0.00 for each period.  The increase in net loss for the nine months ended September 30, 2013 as compared to September 30, 2012 is due to an increase in professional fees and interest expense.


Liquidity and Capital Resources


The Company’s balance sheet as of September 30, 2013, reflects total current assets of $398 consisting of cash.  As of September 30, 2013, our current liabilities were $119,379 which included $8,098 in accounts payable, $93,826 in notes payable to related parties, and $17,455 in interest payable.


On November 7, 2013 a minority shareholder loaned $9,300 to the Company.  The note is due on demand and bears interest at 8% per annum.  Proceeds from the note will be used to fund operations.


We anticipate our expenses to be limited to accounting, auditing, legal and filing fees associated with continuing our reporting status with the Securities and Exchange Commission along with miscellaneous expenses related to our corporate existence.  We estimate our ongoing expenses to be $20,000 per year.  We do not have any commitments for capital expenditures nor do we anticipate entering into any such commitments.  We will likely need additional funds to cover our expenses for the next year.


In the past we have relied on advances from a related party to cover our operating costs.  Management anticipates that we will receive sufficient advances to meet our needs through the next 12 months.  However, there can be no assurances to that effect.  Our need for capital may change dramatically if we acquire an interest in a business opportunity during that period.  At present, we have no understandings, commitments or agreements with respect to the acquisition of any business venture, and there can be no assurance that we will identify a business venture suitable for acquisition in the future.  Further, we cannot assure that we will be successful in consummating any acquisition on favorable terms or that we will be able to profitably manage any business venture we acquire.  Should we require additional capital, we may seek additional advances from officers, sell common stock or find other forms of debt financing.


The Company has no other assets or line of credit, other than that which present management may agree to extend to or invest in the Company, nor does it expect to have one before a merger is effected.  The Company will carry out its business plan as discussed above. The Company cannot predict to what extent its liquidity and capital resources will be diminished prior to the consummation of a business combination or whether its capital will be further depleted by the operating losses (if any) of the business entity which the Company  may eventually acquire.


Our current operating plan is to continue searching for potential businesses, products, technologies and companies for acquisition and to handle the administrative and reporting requirements of a public company.




9




Item 3. Quantitative and Qualitative Disclosures About Market Risk


Not required for smaller reporting companies.


Item 4. Controls and Procedures


Evaluation of Disclosure Controls and Procedures. Our management, with the participation of our president who is also our principal financial officer, carried out an evaluation of the effectiveness of our "disclosure controls and procedures" (as defined in the Securities Exchange Act of 1934 (the "Exchange Act") Rule 13a-15(e)) as of the end of the period covered by this report (the "Evaluation Date"). Based upon that evaluation, our president concluded that, as of the Evaluation Date, our disclosure controls and procedures are not effective to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act (i) is recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms and (ii) is accumulated and communicated to our management, including our president, as appropriate to allow timely decisions regarding required disclosure.


Changes in Internal Control Over Financial Reporting. There were no changes in our internal control over financial reporting that occurred during the quarter ended September 30, 2013 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.




10




PART II – OTHER INFORMATION


Item 5.  Other Items


In August 2013 we issued an unsecured promissory note to a related party for funds advanced to the Company for operating capital. The principal amount of the note is $12,000 and bears interest at 8% per annum.  The note is due and payable upon demand. The note was issued without registration under the Securities Act by reason of the exemptions from registration afforded by the provisions of Section 4(a)(2) of the Securities Act.  


Item 6. Exhibits


Copies of the following documents are included as exhibits to this report pursuant to Item 601 of Regulation S-K.


SEC Ref. No.

Title of Document

10.1

Promissory Note dated August 6, 2013 in the amount of $12,000

31

Certification of the Principal Executive Officer/ Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32

Certification of Chief Executive Officer and Principal Financial Officer pursuant to section 906 of the Sarbanes-Oxley Act of 2002

101.INS

XBRL Instance Document

101.SCH

XBRL Taxonomy Extension Schema Document

101.CAL

XBRL Taxonomy Calculation Linkbase Document

101.DEF

XBRL Taxonomy Extension Definition Linkbase Document

101.LAB

XBRL Taxonomy Label Linkbase Document

101.PRE

XBRL Taxonomy Presentation Linkbase Document





Signature Page Follows





11




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



JOLLEY MARKETING, INC.

(Registrant)



Date: November 13, 2013

/s/ Steven L. White  

Steven L. White, President

(Chief Executive Officer and

Principal Financial Officer)




12


EX-10.1 2 f10q093013_ex10z1.htm EXHIBIT 10.1 PROMISSORY NOTE Exhibit 10.1 Promissory Note




$12,000.00

August 6, 2013



PROMISSORY NOTE



As hereinafter agreed Jolley Marketing Inc., jointly and severally, promises to pay to the order of Serenity Services, Inc., Twelve Thousand Dollars and no cents.  ($12,000.00).  It is hereby agreed that the said amount shall be payable in full twenty-four months from the date of the note.  Interest shall accrue at the rate of Eight Percent (8%) per annum will be charged on the unpaid balance until the whole amount of the principal and interest is paid.  There shall be no penalty for early payment of this note.


Should default be made in the payment of the demand note then the whole unpaid amount shall become immediately due and payable; and in the event default is made and said note is placed in the hands of an attorney for collection or suit is brought on the same, then the undersigned agrees to pay all costs and attorney’s fees that might be incurred.  If there is a lawsuit, borrower agrees upon lenders request to submit to the jurisdiction of the county of Utah County, the State of Utah.  This Note shall be governed by and construed in accordance with the laws of the State of Utah.



UNDERSIGNED:


Steven White




/s/ Steve White

Steven White, President

Jolley Marketing, Inc.




EX-31 3 f10q093013_ex31.htm EXHIBIT 31 SECTION 302 CERTIFICATION Exhibit 31 Section 302 Certification



Exhibit 31


Certification


I, Steven L. White, the Chief Executive Officer and Principal Financial Officer of Jolley Marketing, Inc. (the “Company”), certify that:


1.

I have reviewed this quarterly report on Form 10-Q of the Company for the quarter ended September 30, 2013;


2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a–15(e) and 15d–15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a–15(f) and 15d–15(f)) for the registrant and have:


a)

designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,  to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


b)

designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c)

evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d)

disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5.

The registrant’s other certifying officer(s) and I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function):


a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and


b)

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


November 13, 2013

/s/ Steven L. White

 

Steven L. White, President

 

(Chief Executive Officer and

 

Principal Financial Officer)






EX-32 4 f10q093013_ex32.htm EXHIBIT 32 SECTION 906 CERTIFICATION Exhibit 32 Section 906 Certification



Exhibit 32.1


CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of Jolley Marketing, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2013, as filed with the Securities and Exchange Commission (the “Report”), I, Steven L. White, Chief Executive Officer and Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:


(1)

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and


(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


November 13, 2013

/s/ Steven L. White

 

Steven L. White, President

 

(Chief Executive Officer and

 

Principal Financial Officer)






EX-101.INS 5 jmrk-20130930.xml XBRL INSTANCE DOCUMENT 0 787 398 1568 398 1568 8098 9980 111281 89337 119379 99317 0 0 18114 18114 154181 154181 -291276 -270044 -118981 -97749 398 1568 10000000 0.001 0.001 0 0 0 0 600000000 0.001 0.001 18113750 18113750 18113750 0 0 0 0 3597 4083 15937 15489 0 0 100 100 3597 4083 16037 15589 -3597 -4083 -16037 -15589 1846 1418 5195 4003 -1846 -1418 -5195 -4003 -5443 -5501 -21232 -19592 0 0 0 0 0 0 0 0 -0.00 -0.00 -0.00 -0.00 787 1606 3718 4003 -1882 434 -18609 -13549 0 0 26550 13200 8324 0 18226 13200 -383 -349 781 1105 398 756 1476 0 0 0 10-Q 2013-09-30 false JOLLEY MARKETING INC 0001187953 --12-31 18113750 Smaller Reporting Company Yes No No 2013 Q3 <!--egx--><p style='margin:0in;margin-bottom:.0001pt'>&#160;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><b>NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'><b>Condensed Financial Statements - </b>The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at September 30, 2013 and 2012 and for the periods then ended have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company&#146;s December 31, 2012 audited financial statements in the Company&#146;s 2012 annual report on Form 10-K. The results of operations for the periods ended September 30, 2013 and 2012 are not necessarily indicative of the operating results for the full year.</p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin-right:0in;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin:0in;margin-bottom:.0001pt;line-height:normal'><b>NOTE 2 GOING CONCERN</b></p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin-right:0in;line-height:normal'>The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, during the nine months ended September 30, 2013, the Company incurred a net loss of $21,232, had negative cash flows from operating activities, had current liabilities in excess of current assets, and had no revenue-generating activities. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of common stock. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.</p> <!--egx--><p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin-right:0in;line-height:normal'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><b>NOTE 3 RELATED PARTY TRANSACTIONS</b></p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'><b>Notes Payable &#150; </b>During 2009, 2010 and 2011, an entity owned by an officer/shareholder of the Company loaned a total of $53,150 to the Company. The notes are due on demand and bear interest at 8% per annum. During the three months ended September 30, 2013 and 2012, the Company accrued interest expense of $1,063 and $1,063, respectively, on the notes.&#160; During the nine months ended September 30, 2013 and 2012, the Company accrued interest expense of $3,189 and $3,189, respectively, on the notes.&#160; Total accrued interest is $15,526 and $12,337 at June 30, 2013 and December 31, 2012, respectively.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>On August 1, 2011 a minority shareholder loaned $6,000 to the Company. The note is due on demand and bears interest at 8% per annum. &nbsp;On August 6, 2013 this note and accrued interest was repaid in full.&#160; During the three months ended September 30, 2013 and 2012, the Company accrued interest expense of $49 and $120 on the notes, respectively. &#160;During the nine months ended September 30, 2013 and 2012, the Company accrued interest expense of $289 and $480 on the notes, respectively. &#160;Accrued interest is $0 and $642 at September 30, 2013 and December 31, 2012, respectively.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>On February 8, 2012 a minority shareholder loaned $3,500 to the Company.&#160; On March 5, 2012, a related party loaned an additional $3,000 to the Company.&#160; On May 2, 2012, a minority shareholder loaned $2,500 to the Company. &nbsp;The Company repaid $2,324 on this loan.&#160; On July 16, 2012, a minority shareholder loaned $1,000 to the Company. &nbsp;On August 7, 2012, a minority shareholder loaned $3,200 to the Company. On November 1, 2012 a minority shareholder loaned $1,600 to the Company. On November 13, 2012, a minority shareholder loaned $1,650 to the Company. On February 4, 2013, a minority shareholder loaned $6,000 to the Company.&#160; On March 14, 2013, a minority shareholder loaned $2,850 to the Company.&#160; On May 9, 2013 a minority shareholder loaned $5,700 to the Company.&#160; On August 6, 2013, a minority shareholder loaned $12,000 to the Company.&#160; These notes are due on demand and bear interest at 8% per annum.&#160; During the three months ended September 30, 2013 and 2012, the Company recorded interest expense of $734 and $235 and repaid accrued interest of $$546 on these notes.&#160; During the nine months ended September 30, 2013 and 2012, the Company recorded interest expense of $1,717 and $454 on these notes.&#160; Total accrued interest is $1,928 and $757 on these notes at September 30, 2013 and December 31, 2012, respectively.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'><b>Management Compensation</b> <b>-</b> During the three and nine month periods ended September 30, 2013 and 2012, the Company paid no compensation to its officers and directors.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'><b> Office Space</b> <b>-</b> The Company has not had a need to rent office space.&#160; Officers/stockholders of the Company have allowed the Company to use their offices as a mailing address, as needed, at no cost to the Company.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>&nbsp;</p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin:0in;margin-bottom:.0001pt;line-height:normal'><b>NOTE 4 - CAPITAL STOCK</b></p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;line-height:12.0pt'><b>Preferred Stock</b> - The Company has authorized 10,000,000 shares preferred stock, $0.001 par value, with such rights, preferences and designations and to be issued in such series as determined by the Board of Directors.&#160; No shares are issued and outstanding at September 30, 2013 and December 31, 2012.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;line-height:12.0pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;line-height:12.0pt'><b>Common Stock -</b> The Company has authorized 600,000,000 shares of common stock, $0.001 par value.&#160; The Company has 18,113,750 common shares issued and outstanding at September 30, 2013 and December 31, 2012.</p> <!--egx--><p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin:0in;margin-bottom:.0001pt;line-height:normal'><b>NOTE 5 - FAIR VALUE OF FINANCIAL INSTRUMENTS</b></p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;line-height:12.0pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;line-height:12.0pt'>The Company&#146;s financial instruments consist of cash and accounts payable.&#160; The carrying amount of cash and accounts payable approximates fair value because of the short-term nature of these items.</p> <!--egx--><p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><b>NOTE 6 - LOSS PER SHARE</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>The following data shows the amounts used in computing loss per share for the periods presented:</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="647" style='width:485.4pt;border-collapse:collapse'> <tr style='height:.1in'> <td width="229" valign="bottom" style='width:171.75pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:59.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>For the three months ended September 30, 2013</b></p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="77" valign="bottom" style='width:57.7pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>For the three months ended September 30, 2012</b></p> </td> <td width="23" valign="top" style='width:17.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>For the nine months ended September 30, 2013</b></p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="85" valign="bottom" style='width:63.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>For the nine months ended September 30, 2012</b></p> </td> </tr> <tr style='height:.1in'> <td width="229" valign="bottom" style='width:171.75pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>Loss available to common Stockholders (numerator)</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>$</p> </td> <td width="80" valign="bottom" style='width:59.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'> (5,443)</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>$</p> </td> <td width="77" valign="bottom" style='width:57.7pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(5,501)</p> </td> <td width="23" valign="bottom" style='width:17.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>$</p> </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(21,232)</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>$</p> </td> <td width="85" valign="bottom" style='width:63.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(19,592)</p> </td> </tr> <tr style='height:.1in'> <td width="229" valign="bottom" style='width:171.75pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>Weighted average number of common shares outstanding during the period used in loss per share (denominator)</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:59.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>18,113,750</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="77" valign="bottom" style='width:57.7pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>18,113,750</p> </td> <td width="23" valign="bottom" style='width:17.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>18,113,750</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="85" valign="bottom" style='width:63.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>18,113,750</p> </td> </tr> </table> </div> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>Dilutive loss per share was not presented; however, there was no impact because the Company had no common equivalent shares for any of the periods presented that would affect the computation of diluted loss per share.&#160; Furthermore, as the Company has losses for the periods ended September 30, 2013 and 2012, the potentially dilutive shares are anti-dilutive and are thus not added into the loss per share calculation.</p> <!--egx--><p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin:0in;margin-bottom:.0001pt;line-height:normal'><b>NOTE 7 - SUBSEQUENT EVENTS</b></p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin-right:0in;line-height:normal'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;line-height:12.0pt'>On November 7, 2013 a minority shareholder loaned $9,300 to the Company.&#160; The note is due on demand and bears interest at 8% per annum.&#160; Proceeds from the note will be used to fund operations. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;line-height:12.0pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;line-height:12.0pt'>The Company has evaluated subsequent events from the balance sheet date through the date these financial statements were issued and concluded there are no additional events to disclose.</p> <!--egx--> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><b>NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify'><b>Condensed Financial Statements - </b>The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at September 30, 2013 and 2012 and for the periods then ended have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company&#146;s December 31, 2012 audited financial statements in the Company&#146;s 2012 annual report on Form 10-K. The results of operations for the periods ended September 30, 2013 and 2012 are not necessarily indicative of the operating results for the full year.</p> <!--egx--><p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin-right:0in;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin:0in;margin-bottom:.0001pt;line-height:normal'><b>NOTE 2 GOING CONCERN</b></p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:-.25in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;line-height:11.0pt;margin-right:0in;line-height:normal'>The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, during the nine months ended September 30, 2013, the Company incurred a net loss of $21,232, had negative cash flows from operating activities, had current liabilities in excess of current assets, and had no revenue-generating activities. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of common stock. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.</p> <!--egx--><div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="647" style='width:485.4pt;border-collapse:collapse'> <tr style='height:.1in'> <td width="229" valign="bottom" style='width:171.75pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:59.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>For the three months ended September 30, 2013</b></p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="77" valign="bottom" style='width:57.7pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>For the three months ended September 30, 2012</b></p> </td> <td width="23" valign="top" style='width:17.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>For the nine months ended September 30, 2013</b></p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="85" valign="bottom" style='width:63.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>For the nine months ended September 30, 2012</b></p> </td> </tr> <tr style='height:.1in'> <td width="229" valign="bottom" style='width:171.75pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>Loss available to common Stockholders (numerator)</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>$</p> </td> <td width="80" valign="bottom" style='width:59.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'> (5,443)</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>$</p> </td> <td width="77" valign="bottom" style='width:57.7pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(5,501)</p> </td> <td width="23" valign="bottom" style='width:17.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>$</p> </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(21,232)</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>$</p> </td> <td width="85" valign="bottom" style='width:63.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(19,592)</p> </td> </tr> <tr style='height:.1in'> <td width="229" valign="bottom" style='width:171.75pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>Weighted average number of common shares outstanding during the period used in loss per share (denominator)</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:59.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>18,113,750</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="77" valign="bottom" style='width:57.7pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>18,113,750</p> </td> <td width="23" valign="bottom" style='width:17.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>18,113,750</p> </td> <td width="21" valign="bottom" style='width:15.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="85" valign="bottom" style='width:63.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>18,113,750</p> </td> </tr> </table> </div> 53150 0.0800 1063 1063 3189 3189 15526 12337 6000 0.0800 49 120 289 480 0 642 3500 3000 2500 2324 1000 3200 1600 1650 6000 2850 5700 12000 734 235 546 1717 454 1928 757 10000000 0.001 600000000 0.001 18113750 -5443 -5501 -21232 -19592 18113750 18113750 18113750 18113750 9300 0.0800 0001187953 2013-01-01 2013-09-30 0001187953 2013-09-30 0001187953 2013-11-14 0001187953 2012-12-31 0001187953 2013-07-01 2013-09-30 0001187953 2012-07-01 2012-09-30 0001187953 2012-01-01 2012-09-30 0001187953 2011-12-31 0001187953 2012-09-30 0001187953 2009-01-01 2011-12-31 0001187953 2011-08-01 0001187953 2011-01-01 2011-12-31 0001187953 2012-02-08 0001187953 2012-03-05 0001187953 2012-05-02 0001187953 2012-07-16 0001187953 2012-08-07 0001187953 2012-11-01 0001187953 2012-11-13 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Loss Per Share (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Details        
NET LOSS $ (5,443) $ (5,501) $ (21,232) $ (19,592)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 18,113,750 18,113,750 18,113,750 18,113,750
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JOLLEY MARKETING, INC. UNAUDITED CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income Statement        
REVENUE $ 0 $ 0 $ 0 $ 0
OPERATING EXPENSES:        
Professional fees 3,597 4,083 15,937 15,489
Other general and administrative 0 0 100 100
Total Operating Expenses 3,597 4,083 16,037 15,589
LOSS BEFORE OTHER INCOME (EXPENSE) (3,597) (4,083) (16,037) (15,589)
OTHER INCOME (EXPENSE):        
Interest expense - related party (1,846) (1,418) (5,195) (4,003)
Total Other Income (Expense) (1,846) (1,418) (5,195) (4,003)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (5,443) (5,501) (21,232) (19,592)
CURRENT INCOME TAX BENEFIT (EXPENSE) 0 0 0 0
DEFERRED INCOME TAX BENEFIT (EXPENSE) 0 0 0 0
NET LOSS $ (5,443) $ (5,501) $ (21,232) $ (19,592)
BASIC AND DILUTED LOSS PER COMMON SHARE:        
Net loss per common share $ 0.00 $ 0.00 $ 0.00 $ 0.00
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 18,113,750 18,113,750 18,113,750 18,113,750
XML 14 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loss Per Share
9 Months Ended
Sep. 30, 2013
Notes  
Loss Per Share

 

NOTE 6 - LOSS PER SHARE

 

The following data shows the amounts used in computing loss per share for the periods presented:

 

 

 

For the three months ended September 30, 2013

 

For the three months ended September 30, 2012

 

For the nine months ended September 30, 2013

 

For the nine months ended September 30, 2012

Loss available to common Stockholders (numerator)

$

(5,443)

$

(5,501)

$

(21,232)

$

(19,592)

Weighted average number of common shares outstanding during the period used in loss per share (denominator)

 

18,113,750

 

18,113,750

 

18,113,750

 

18,113,750

 

Dilutive loss per share was not presented; however, there was no impact because the Company had no common equivalent shares for any of the periods presented that would affect the computation of diluted loss per share.  Furthermore, as the Company has losses for the periods ended September 30, 2013 and 2012, the potentially dilutive shares are anti-dilutive and are thus not added into the loss per share calculation.

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Subsequent Events (Details) (USD $)
9 Months Ended 12 Months Ended 36 Months Ended
Sep. 30, 2013
Dec. 31, 2011
Dec. 31, 2011
Nov. 07, 2013
Aug. 06, 2013
May 09, 2013
Mar. 14, 2013
Feb. 04, 2013
Nov. 13, 2012
Nov. 01, 2012
Aug. 07, 2012
Jul. 16, 2012
May 02, 2012
Mar. 05, 2012
Feb. 08, 2012
Aug. 01, 2011
Details                                
Minority Shareholder Loans       $ 9,300 $ 12,000 $ 5,700 $ 2,850 $ 6,000 $ 1,650 $ 1,600 $ 3,200 $ 1,000 $ 2,500 $ 3,000 $ 3,500 $ 6,000
Related Party Transaction, Rate 8.00% 8.00% 8.00%                          
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Summary of Significant Accounting Policies
9 Months Ended
Sep. 30, 2013
Notes  
Summary of Significant Accounting Policies

 

 

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Condensed Financial Statements - The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at September 30, 2013 and 2012 and for the periods then ended have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2012 audited financial statements in the Company’s 2012 annual report on Form 10-K. The results of operations for the periods ended September 30, 2013 and 2012 are not necessarily indicative of the operating results for the full year.

 

NOTE 2 GOING CONCERN

 

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, during the nine months ended September 30, 2013, the Company incurred a net loss of $21,232, had negative cash flows from operating activities, had current liabilities in excess of current assets, and had no revenue-generating activities. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of common stock. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

XML 19 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Capital Stock
9 Months Ended
Sep. 30, 2013
Notes  
Capital Stock

 

NOTE 4 - CAPITAL STOCK

 

Preferred Stock - The Company has authorized 10,000,000 shares preferred stock, $0.001 par value, with such rights, preferences and designations and to be issued in such series as determined by the Board of Directors.  No shares are issued and outstanding at September 30, 2013 and December 31, 2012.

 

Common Stock - The Company has authorized 600,000,000 shares of common stock, $0.001 par value.  The Company has 18,113,750 common shares issued and outstanding at September 30, 2013 and December 31, 2012.

XML 20 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events
9 Months Ended
Sep. 30, 2013
Notes  
Subsequent Events

 

NOTE 7 - SUBSEQUENT EVENTS

 

On November 7, 2013 a minority shareholder loaned $9,300 to the Company.  The note is due on demand and bears interest at 8% per annum.  Proceeds from the note will be used to fund operations.

 

The Company has evaluated subsequent events from the balance sheet date through the date these financial statements were issued and concluded there are no additional events to disclose.

XML 21 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value of Financial Instruments
9 Months Ended
Sep. 30, 2013
Notes  
Fair Value of Financial Instruments

 

NOTE 5 - FAIR VALUE OF FINANCIAL INSTRUMENTS

 

The Company’s financial instruments consist of cash and accounts payable.  The carrying amount of cash and accounts payable approximates fair value because of the short-term nature of these items.

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Jolley Marketing, Inc. Balance Sheet (Parenthetical) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Statement of Financial Position    
Preferred stock authorized 10,000,000 10,000,000
Preferred stock par value $ 0.001 $ 0.001
Preferred stock outstanding 0 0
Preferred stock issued 0 0
Common stock authorized 600,000,000 600,000,000
Common stock par value $ 0.001 $ 0.001
Common stock outstanding 18,113,750 18,113,750
Common stock issued 18,113,750 18,113,750
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Summary of Significant Accounting Policies (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Details        
NET LOSS $ 5,443 $ 5,501 $ 21,232 $ 19,592
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JOLLEY MARKETING, INC. UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Statement of Cash Flows    
NET LOSS $ (21,232) $ (19,592)
(Increase) decrease in prepaid expense 787 1,606
Increase (decrease) in accrued interest - related party 3,718 4,003
Increase (decrease) in accounts payable (1,882) 434
Net Cash Used by Operating Activities (18,609) (13,549)
Net Cash Provided by Investing Activities 0 0
Proceeds from issuance of notes payable - related party 26,550 13,200
Payments on Notes Payable - related party (8,324) 0
Net Cash Provided by Financing Activities 18,226 13,200
Net Increase (Decrease) in Cash (383) (349)
Cash at Beginning of Period 781 1,105
Cash at End of Period 398 756
Interest 1,476 0
Income taxes $ 0 $ 0
XML 27 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
JOLLEY MARKETING, INC. UNAUDITED CONDENSED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash $ 398 $ 781
Prepaid Expense 0 787
Total Current Assets 398 1,568
Total Assets 398 1,568
CURRENT LIABILITIES:    
Accounts payable 8,098 9,980
Notes payable and accrued interest - related parties 111,281 89,337
Total Current Liabilities 119,379 99,317
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.001 par value, 600,000,000 shares authorized, 18,113,750 shares issued and Outstanding 18,114 18,114
Capital in excess of par value 154,181 154,181
Retained Deficit (291,276) (270,044)
Total Stockholders' Deficit (118,981) (97,749)
Total Liabilities and Stockholders' Deficit $ 398 $ 1,568
XML 28 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Tables/Schedules  
Amounts used in computing loss per share

 

 

For the three months ended September 30, 2013

 

For the three months ended September 30, 2012

 

For the nine months ended September 30, 2013

 

For the nine months ended September 30, 2012

Loss available to common Stockholders (numerator)

$

(5,443)

$

(5,501)

$

(21,232)

$

(19,592)

Weighted average number of common shares outstanding during the period used in loss per share (denominator)

 

18,113,750

 

18,113,750

 

18,113,750

 

18,113,750

XML 29 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Capital Stock (Details) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Details    
Preferred stock authorized 10,000,000 10,000,000
Preferred Stock, Par or Stated Value Per Share $ 0.001  
Common stock authorized 600,000,000 600,000,000
Common Stock, Par or Stated Value Per Share $ 0.001  
Common stock outstanding 18,113,750 18,113,750
XML 30 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of Significant Accounting Policies (Policies)
9 Months Ended
Sep. 30, 2013
Policies  
Condensed Financial Statements

 

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Condensed Financial Statements - The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at September 30, 2013 and 2012 and for the periods then ended have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2012 audited financial statements in the Company’s 2012 annual report on Form 10-K. The results of operations for the periods ended September 30, 2013 and 2012 are not necessarily indicative of the operating results for the full year.

Going Concern

 

NOTE 2 GOING CONCERN

 

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, during the nine months ended September 30, 2013, the Company incurred a net loss of $21,232, had negative cash flows from operating activities, had current liabilities in excess of current assets, and had no revenue-generating activities. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of common stock. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

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Related Party Transactions
9 Months Ended
Sep. 30, 2013
Notes  
Related Party Transactions

 

NOTE 3 RELATED PARTY TRANSACTIONS

 

Notes Payable – During 2009, 2010 and 2011, an entity owned by an officer/shareholder of the Company loaned a total of $53,150 to the Company. The notes are due on demand and bear interest at 8% per annum. During the three months ended September 30, 2013 and 2012, the Company accrued interest expense of $1,063 and $1,063, respectively, on the notes.  During the nine months ended September 30, 2013 and 2012, the Company accrued interest expense of $3,189 and $3,189, respectively, on the notes.  Total accrued interest is $15,526 and $12,337 at June 30, 2013 and December 31, 2012, respectively.

 

On August 1, 2011 a minority shareholder loaned $6,000 to the Company. The note is due on demand and bears interest at 8% per annum.  On August 6, 2013 this note and accrued interest was repaid in full.  During the three months ended September 30, 2013 and 2012, the Company accrued interest expense of $49 and $120 on the notes, respectively.  During the nine months ended September 30, 2013 and 2012, the Company accrued interest expense of $289 and $480 on the notes, respectively.  Accrued interest is $0 and $642 at September 30, 2013 and December 31, 2012, respectively.

 

On February 8, 2012 a minority shareholder loaned $3,500 to the Company.  On March 5, 2012, a related party loaned an additional $3,000 to the Company.  On May 2, 2012, a minority shareholder loaned $2,500 to the Company.  The Company repaid $2,324 on this loan.  On July 16, 2012, a minority shareholder loaned $1,000 to the Company.  On August 7, 2012, a minority shareholder loaned $3,200 to the Company. On November 1, 2012 a minority shareholder loaned $1,600 to the Company. On November 13, 2012, a minority shareholder loaned $1,650 to the Company. On February 4, 2013, a minority shareholder loaned $6,000 to the Company.  On March 14, 2013, a minority shareholder loaned $2,850 to the Company.  On May 9, 2013 a minority shareholder loaned $5,700 to the Company.  On August 6, 2013, a minority shareholder loaned $12,000 to the Company.  These notes are due on demand and bear interest at 8% per annum.  During the three months ended September 30, 2013 and 2012, the Company recorded interest expense of $734 and $235 and repaid accrued interest of $$546 on these notes.  During the nine months ended September 30, 2013 and 2012, the Company recorded interest expense of $1,717 and $454 on these notes.  Total accrued interest is $1,928 and $757 on these notes at September 30, 2013 and December 31, 2012, respectively.

 

Management Compensation - During the three and nine month periods ended September 30, 2013 and 2012, the Company paid no compensation to its officers and directors.

 

Office Space - The Company has not had a need to rent office space.  Officers/stockholders of the Company have allowed the Company to use their offices as a mailing address, as needed, at no cost to the Company.

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Related Party Transactions (Details) (USD $)
3 Months Ended 9 Months Ended 12 Months Ended 36 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2011
Dec. 31, 2011
Nov. 07, 2013
Aug. 06, 2013
May 09, 2013
Mar. 14, 2013
Feb. 04, 2013
Dec. 31, 2012
Nov. 13, 2012
Nov. 01, 2012
Aug. 07, 2012
Jul. 16, 2012
May 02, 2012
Mar. 05, 2012
Feb. 08, 2012
Aug. 01, 2011
Details                                        
Notes Payable, Related Parties $ 53,150   $ 53,150                                  
Related Party Transaction, Rate     8.00%   8.00% 8.00%                            
Accrued Interest Expense On Notes 1,063 1,063 3,189 3,189                                
Total Accrued Interest Expense On Notes 15,526   15,526                 12,337                
Minority Shareholder Loans             9,300 12,000 5,700 2,850 6,000   1,650 1,600 3,200 1,000 2,500 3,000 3,500 6,000
Interest Expense on August 2011 Note 49 120 289 480                                
Accrued Interest Expense on Related Party Notes 0   0                 642                
Minority Shareholder Loan Repayment 2,324   2,324                                  
Interest Expense on Minority Shareholder Loans 734 235 1,717 454                                
Minority Shareholder Interest Payment 546   546                                  
Total accrued interest $ 1,928   $ 1,928                 $ 757                
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Document and Entity Information
9 Months Ended
Sep. 30, 2013
Nov. 14, 2013
STOCKHOLDERS' DEFICIT CHANGES    
Entity Registrant Name JOLLEY MARKETING INC  
Document Type 10-Q  
Document Period End Date Sep. 30, 2013  
Amendment Flag false  
Entity Central Index Key 0001187953  
Current Fiscal Year End Date --12-31  
Entity Common Stock, Shares Outstanding   18,113,750
Entity Filer Category Smaller Reporting Company  
Entity Current Reporting Status Yes  
Entity Voluntary Filers No  
Entity Well-known Seasoned Issuer No  
Document Fiscal Year Focus 2013  
Document Fiscal Period Focus Q3