0001494733-14-000024.txt : 20140819 0001494733-14-000024.hdr.sgml : 20140819 20140819125732 ACCESSION NUMBER: 0001494733-14-000024 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20140630 FILED AS OF DATE: 20140819 DATE AS OF CHANGE: 20140819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALL MARKETING SOLUTIONS, INC. CENTRAL INDEX KEY: 0001464300 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 263895737 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35597 FILM NUMBER: 141051376 BUSINESS ADDRESS: STREET 1: 112 NORTH CURRY STREET CITY: CARSON CITY STATE: NV ZIP: 89703 BUSINESS PHONE: 775-321-8206 MAIL ADDRESS: STREET 1: 112 NORTH CURRY STREET CITY: CARSON CITY STATE: NV ZIP: 89703 FORMER COMPANY: FORMER CONFORMED NAME: Patents Professional, Inc. DATE OF NAME CHANGE: 20090515 10-Q 1 f10qamsjun2014.htm ALL MARKETING SOLUTIONS 10Q JUNE 2014 AMS 10Q June 2014





UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

 

 

 

FORM 10-Q

 

 

 

 

 

 

 

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

 

 

 

For the quarterly period ended:  

June 30, 2014

 

 

 

 

 

 

 

[   ] 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:

333-160031

 

 

 

 

 

 

 

 

 

All Marketing Solutions, Inc.

(fka Patents Professional, Inc.)

 

 

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

 

 

Nevada

 

 

26-3895737

 

(State or other jurisdiction of incorporation or organization)

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

 

 

 

 

 

 

 

112 North Curry Street, Carson City, NV   89703

 

 

(Address of principal executive offices)   (Zip Code)

 

 

 

 

 

 

 

 

775-321-8206

 

 

(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[  ]  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.

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 || No |X_|

The number of shares outstanding of the Registrant's Common Stock as June 30, 2014 was 104,710,000 shares of common stock, $0.001 par value, issued and outstanding.



1









ALL MARKETING SOLUTIONS, INC.

(fka Patents Professional, Inc.)

QUARTERLY REPORT ON FORM 10-Q

INDEX



 

 

Page

 

 

Number

 

PART I

 

 

 

 

Item 1

Financial Statements

3

 

 

 

Item 2

Management’s Discussion and Analysis of Financial Condition and Results of Operations

13

 

 

 

Item 3

Quantitative and Qualitative Disclosures About Market Risk

14

 

 

 

Item 4

Controls and Procedures

14

 

 

 

 

 

 

 

PART II

 

 

 

 

Item 1

Legal Proceedings

15

 

 

 

Item 2

Unregistered Sales of Equity Securities and Use of Proceeds

15

 

 

 

Item 3

Defaults Upon Senior Securities

15

 

 

 

Item 4

(Removed and Reserved)

15

 

 

 

Item 5

Other Information

15

 

 

 

Item 6

Exhibits

17

 

 

 



2








 

 

 

 

 

 

 

ALL MARKETING SOLUTIONS, INC.

(FKA Patents Professional, Inc.)

(A Development Stage Company)

 

CONDENSED INTERIM FINANCIAL STATEMENTS

 

June 30, 2014

 

Unaudited

 

 

 

 

 

 

 

 

 

 

 

CONDENSED INTERIM BALANCE SHEETS

 

CONDENSED INTERIM STATEMENTS OF OPERATIONS

 

CONDENSED INTERIM STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

 

CONDENSED INTERIM STATEMENTS OF CASH FLOWS

 

NOTES TO UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS

ALL MARKETING SOLUTIONS, INC.

(FKA Patents Professional, Inc.)

(A Development Stage Company)

 

 

 

 

 

 

CONDENSED INTERIM BALANCE SHEETS

Unaudited

 

 

 

 

 

 

 

 

 

June 30, 2014

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

Cash

$

10,000

$

139

Prepaid expenses

 

25,000

 

-    

TOTAL CURRENT ASSETS

$

35,000

$

139

 

 

 

 

 

 

FIXED ASSETS

 

 

 

 

Software, less impairment

 

-    

 

-    

TOTAL FIXED ASSETS

$

-    

$

-    

 

 

 

 

 

 

TOTAL ASSETS

$

35,000

$

139

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

Accounts payable and accrued liabilities

$

35,703

$

35,242

Accounts payable - related party

 

21,600

 

15,700

Loans from related party

 

93,381

 

32,251

TOTAL CURRENT LIABILITIES

$

150,684

$

83,193

 

 

 

 

 

 

STOCKHOLDERS' EQUITY/(DEFICIT)

 

 

 

 

Capital stock

 

 

 

 

Authorized

 

 

 

 

       200,000,000 shares of common stock, $0.001 par value,

 

 

 

 

Issued and outstanding

 

 

 

 

      104,710,000 and 100,560,000 shares at June 30, 2014 & Dec 31, 2013 respectively

$

104,710

$

100,560

      Additional Paid in Capital

 

960,610

 

(95,240)

Deficit accumulated during the development stage

 

(1,181,004)

 

(88,374)

TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)

 

$

(115,684)

$

(83,054)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)

 

$

35,000

$

139

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these financial statements

ALL MARKETING SOLUTIONS, INC.

(FKA Patents Professional, Inc.)

(A Development Stage Company)

 

 

 

 

 

 

 

 

 

 

 

CONDENSED INTERIM STATEMENTS OF OPERATIONS

Unaudited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cumulative results

 

 

Three months

 

Three months

 

Six months

 

Six months

 

from inception

 

 

ended

 

ended

 

ended

 

ended

 

(December 17, 2008)

 

 

June 30, 2014

 

June 30, 2013

 

June 30, 2014

 

June 30, 2013

 

June 30, 2014

REVENUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

-    

$

-    

$

-    

$

-    

$

-    

Total Revenues

$

-    

$

-    

$

-    

$

-    

$

-    

 

 

 

 

 

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impairment of fixed asset

 

 

 

 

  $

1,000,000

$

-    

$

1,000,000

Office and general

   $

85,455 

    $

2,520

 

86,630

 

2,765

 

109,291

Professional Fees

 

1,400

 

1,500

 

3,000

 

3,000

 

63,753

      - related party

 

1,500

 

1,500

 

3,000

 

3,000

 

17,200

Total Expenses

$

88,355

  $

5,520

 $

1,092,630

$

8,765

$

1,190,244

 

 

 

 

 

 

 

 

 

 

 

NET LOSS

$

(88,355)

$

(5,520)

$

(1,092,630)

$

(8,765)

$

(1,190,244)

 

 

 

 

 

 

 

 

 

 

 

BASIC AND DILUTED LOSS PER COMMON SHARE

 

 

 

 

 

 

 

 

 

 

$

-    

$

-    

$

(0.01)

$

-    

 

 

 

 

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

104,637,473

$

100,560,000

$

104,444,254

$

2,320,560,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these financial statements





ALL MARKETING SOLUTIONS, INC.

(FKA Patents Professional, Inc.)

(A Development Stage Company)

 

 

 

 

 

 

 

 

 

 

 

 

CONDENSED INTERIM STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

From inception (December 17, 2008) to June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

Unaudited

 

 

 

 

 

 

 

 

 

Deficit

 

 

Common Stock

 

 

 

 

 

accumulated

 

 

 

 

Additional

Share

during the

 

 

Number of

 

 

 

Paid-in

Subscriptions

development

 

 

of shares

 

Amount

 

Capital

Receivable

stage

Total

Balance at inception on

 

 

 

 

 

 

 

 

 

 

 

December 17, 2008

-    

$

-    

$

-    

$

-

$

-    

$

-

 

 

 

 

 

 

 

 

 

 

 

 

Net loss for the period ended

 

 

 

 

 

 

 

 

 

 

 

December 31, 2008

 

 

 

 

 

 

 

 

(1,630)

 

(1,630)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2008

-    

$

-    

$

-    

$

-    

$

(1,630)

$

(1,630)

Common Stock issued for $9,500 cash

 

 

 

 

 

 

 

 

 

 

 

at $0.00000417 per share in September, 2009

2,280,000,000

 

2,280,000

 

(2,270,500)

 

-    

 

-    

 

9,500

 

 

 

 

 

 

 

 

 

 

 

 

Net loss for the year ended

 

 

 

 

 

 

 

 

 

 

 

December 31, 2009

-    

 

-    

 

-    

 

-    

 

(23,497)

 

(23,497)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2009

2,280,000,000

$

2,280,000

$

(2,270,500)

$

-    

$

(25,127)

$

(15,627)

Net loss for the year ended

 

 

 

 

 

 

 

 

 

 

 

December 31, 2010

-    

 

-    

 

-    

 

-    

 

(15,660)

 

(15,660)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2010

2,280,000,000

$

2,280,000

$

(2,270,500)

$

-    

$

(40,787)

$

(31,287)

Net loss for the year ended

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

-    

 

-    

 

-    

 

-    

 

(13,978)

 

(13,978)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2011

2,280,000,000

$

2,280,000

$

(2,270,500)

$

-    

$

(54,765)

$

(45,265)

Common Stock issued for cash

 

 

 

 

 

 

 

 

 

 

 

at $0.000125 per share in March, 2012

40,560,000

 

40,560

 

(35,490)

 

(5,070)

 

-    

 

-    

 

 

 

 

 

 

 

 

 

 

 

 

Subscription Received

-    

 

-    

 

-    

 

5,070

 

-    

 

5,070

 

 

 

 

 

 

 

 

 

 

 

 

Net loss for the year ended

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

-    

 

-    

 

-    

 

-    

 

(25,034)

 

(25,034)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2012

2,320,560,000

$

2,320,560

$

(2,305,990)

$

-    

$

(79,799)

$

(65,229)

 

 

 

 

 

 

 

 

 

 

 

 

Share Redemption for $10 cash on Feb 6, 2013

(2,220,000,000)

 

(2,220,000)

 

2,210,750

 

 

 

9,240

 

(10)

 

 

 

 

 

 

 

 

 

 

 

 

Net loss for the year ended

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

-    

 

-    

 

 

 

 

 

(17,815)

 

(17,815)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2013

100,560,000

 

100,560

 

(95,240)

 

-    

 

(88,374)

 

(83,054)

Common Stock issued for Capital Acquisition,

 

 

 

 

 

 

 

 

 

 

 

For $0.25 per share, on January 8, 2014

4,000,000

 

4,000

 

996,000

 

 

 

 

 

1,000,000

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock issued for cash

 

 

 

 

 

 

 

 

 

 

 

at $0.40 per share in May, 2014

150,000

 

150

 

59,850

 

 

 

 

 

60,000

 

 

 

 

 

 

 

 

 

 

 

 

Net loss for the period ended

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

 

 

 

 

 

 

 

(1,092,630)

 

(1,092,630)

Balance, June 30, 2014

104,710,000

$

104,710

$

960,610

$

-    

$

(1,181,004)

$

(115,684)

 

 

 

 

 

 

 

 

 

 

 

 

On February 5, 2013 the company approved a forward stock split of 240:1, which has been retrospectively reflected above.

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these financial statements



7






ALL MARKETING SOLUTIONS, INC.

(FKA Patents Professional, Inc.)

(A Development Stage Company)

 

CONDENSED INTERIM STATEMENTS OF CASH FLOWS

Unaudited

 

 

 

Six months

 

Six months

 

December 17, 2008

 

 

 

ended

 

ended

 

(inception) to

 

 

 

June 30, 2014

 

June 30, 2013

 

June 30, 2014

 

 

 

 

 

 

 

 

 OPERATING ACTIVITIES

 

 

 

 

 

 

 

Net loss

$

(1,092,630)

$

(8,765)

$

(1,190,244)

 

Adjustment to reconcile net loss to net cash

 

 

 

 

 

 

 

used in operating activities

 

 

 

 

 

 

 

Impairment of software source code

 

1,000,000

 

-    

 

1,000,000

 

Prepaid expenses

 

(25,000)

 

-    

 

(25,000)

 

Expenses paid on company's behalf by related party vendor

 

-    

 

3,600

 

10,535

 

Expenses paid on company's behalf by shareholder

 

61,130

 

10

 

82,846

 

Increase (decrease) in accrued expenses

 

6,361

 

5,165

 

57,303

 

 

 

 

 

 

 

 

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES

 

 

 

 

 

 

$

(50,139)

$

10

$

(64,560)

 

 

 

 

 

 

 

 

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES

 

 

 

 

 

 

$

-    

$

-    

$

-    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCING ACTIVITIES

 

 

 

 

 

 

 

Proceeds from sale of common stock

 

60,000

 

(10)

 

64,560

 

Loan from related party

 

-    

 

-    

 

-    

NET CASH PROVIDED BY FINANCING ACTIVITIES

 

 

 

 

 

 

$

60,000

$

(10)

$

64,560

 

 

 

 

 

 

 

 

NET INCREASE (DECREASE) IN CASH

$

9,861

$

-    

$

-    

 

 

 

 

 

 

 

 

CASH, BEGINNING OF PERIOD

$

139

$

244

$

-    

 

 

 

 

 

 

 

 

CASH, END OF PERIOD

$

10,000

$

244

$

-    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information and noncash financing activities:

 

 

 

 

Cash paid for:

 

 

 

 

 

 

 

 

 

 

Interest

$

-    

$

-    

$

-    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income taxes

$

-    

$

-    

$

-    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these financial statements

 

 

 

ALL MARKETING SOLUTIONS, INC.

(FKA Patents Professional, Inc.)

(A Development Stage Company)

 NOTES TO THE UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS

 

June 30, 2014

 

NOTE 1 – 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 June 30, 2014, and for all periods presented herein, 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, 2013 audited financial statements.  The results of operations for the periods ended June 30, 2014 and the same period last year are not necessarily indicative of the operating results for the full years.

 

NOTE 2 – GOING CONCERN

 

The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.  This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $115,684, an accumulated deficit of $1,181,004 and net loss from operations since inception of $1,190,244. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company.  There can be no assurance that the Company will be successful in either situation in order to continue as a going concern.  The Company is funding its initial operations by way of issuing Founder’s shares.

 

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

 

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.


NOTE 3 - IMPAIRMENT OF FIXED ASSET

 

On January 8, 2014, the Company, completed the acquisition of, and exclusive rights in and to, computer source code related to software applications for the management of Internet cloud storage services in exchange for 4,000,000 shares of Common Restricted Stock at a value of  $0.25 per share for the source and object code forms of the software applications.

 

Within the guidelines of the ASC, it was deemed that this acquisition of an intangible fixed asset of $1,000,000, did not pass the quantitative test of impairment and it has accordingly been written down to a zero balance.

 

NOTE 4 – CAPITAL STOCK

 

The Company’s capitalization is 200,000,000 common shares with a par value of $0.001 per share.  No preferred shares have been authorized or issued.

 

On September 30, 2009, the President was issued 2,280,000,000 common shares for $9,500 cash, which was received on October 8, 2009.

 

In March, 2012 the Company issued 40,560,000 common shares for cash of $5,070.

 

On February 5, 2013 the Company approved that the 75,000,000 authorized common shares be increased to 200,000,000 authorized common shares

 

On February 5, 2013 the company approved a 240:1 forward stock split, which has been retroactively stated throughout.

 

On February 6, 2013 the Company redeemed 2,220,000,000 common shares (9,250,000 pre-split) for $10 cash. This resulted in a reduction in the Accumulated Deficit of $9,240. The stock was cancelled.

 

On January 8, 2014, the Company issued 4,000,000 common shares in exchange for a capital acquisition, at $0.25 per share.

 

On May 15, 2014, the Company issued 150,000 common shares for cash of $60,000.

 

As of June 30, 2014, the Company has not granted any stock options and has not recorded any stock-based compensation.

 

As of June 30, 2014, 104,710,000 (100,560,000 as of December 31, 2013) common shares were issued and outstanding.

 

NOTE 5 – LOAN PAYABLE – RELATED PARTY LOANS

 

At June 30, 2014 the Company received a loan from related parties totaling $114,981 ($47,951 at December 31, 2013) of which $21,600 ($15,700 at December 31, 2013) were for expenses paid on behalf of the company by a vendor and $93,381 ($32,251 at December 31, 2013) were for expenses paid on behalf of a shareholder. These amounts are payable on demand and without interest.


NOTE 6 - CONSULTING AGREEMENT

 

On March 19, 2014 the Company entered into a consulting agreement to develop software development.  The terms of agreement are for 9 months at $25,000 per month with effect from April 1, 2014

 

NOTE 7 - RECENT ACCOUNTING PRONOUNCEMENTS

 

The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement.

 

NOTE 8 - SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were available to be issued and has determined that there are no further events to disclose.




ITEM 2. MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance.  Forward looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions or words which, by their nature, refer to future events.  You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report.  These forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.


Overview


All Marketing Solutions, Inc. (fka Patents Professional, Inc.) ("the Company", “our” or "we") was incorporated in the State of Nevada as a for-profit company on December 17, 2008.  We are a development-stage Company formed in order to enter into the international market for patent consulting and technology transfer services.


Results of Operation


The Company has not yet generated any revenue from its operations.  We had $10,000  in cash during the quarter ended June 30, 2014 and $139 during the fiscal year ended December 31, 2013. We incurred net loss in the amount of $88,355 and $5,520 during the quarter ended June 30, 2014 and June 30, 2013 respectively. Operating expenses since inception date were in the amount of $1,190,244. These operating expenses were comprised of professional fees and office and general expenses.


Our current cash holdings will not satisfy our liquidity requirements and we will require additional financing to pursue our planned business activities.  We have registered 4,000,000 of or our common stock for sale to the public.  Our registration statement became effective on November 1, 2011and we are still in the process of seeking equity financing to fund our operations over the next 12 months.  





­­





Management still believes that if subsequent private placements are successful, we will generate sales revenue within the following twelve months thereof. However, additional equity financing may not be available to us on acceptable terms or at all, and thus we could fail to satisfy our future cash requirements.


The Company has raised $9,500 in cash to initiate its business plan through the sale of its common stock.  The amount raised from our stock offering is insufficient and we still will need additional cash to continue to implement our business plan.  If we are unable to raise it, we will either suspend marketing operations until we do raise the cash, or cease operations entirely. Other than as described in this paragraph, we have no other financing plans.

Over the next 12 months after this registration statement becomes effective the company must (a) raise capital, (b) identify several specific, high growth technology markets, (c) identify qualified institutional customers who require commercial applications of these technologies, (d) identify and sign revenue sharing agreements with clients who are capable of providing these commercial applications in the form of patentable inventions, products, techniques or processes, (e) start the process of preparing and filing our initial patent applications and finally (f) enter licensing agreements with our first customers.

The company intends to hire an independent third party patent consultant to perform all aspects pertaining to the filing of its clients’ patent applications and marketing consultants to identify institutional customers who are seeking our patented technologies.  We also expect to hire an independent consultant to develop our web site and computer systems within 60 days after the termination of the sale of shares through this registration statement.

The dependence on hiring the appropriate third parties to perform essential services could result in a material adverse effect on the company’s potential future operations and, consequently, on the company’s business, operating results and financial condition. Further, such third party contractors have no fiduciary duty to our shareholders and may not perform these services as expected. The capacity of certain third parties for these services may be limited for economic or other reasons. Their inability to provide these services could have a material adverse effect upon the results of our operations and financial condition.


We intend to hire third party professionals using the Internet mostly for initial research. First and foremost we will need to find law firms that specialize in patent applications, and further define what expertise a patent attorney may have in a specific field related to the product we want to patent. Some patent lawyers may have expertise in intellectual property (IP) others in engineering or other specialty fields.  The Company also intends to hire, on a consulting basis, marketing experts in the particular fields in which products the Company is thinking of patenting a product. These experts product knowledge could range from board games to IP to the building industry; the requirement for experts is based completely on the products the Company is presented with for consideration.


Industry professionals would be able to give our firm a better educated opinion of the market feasibility of a product. Attorneys, engineers, business consultants, and marketing specialist would simply charge a fee for their services that the Company would pay; these services would make up a part of the services our firm would offer to potential clients besides financial assistance. It is possible in some circumstances that our professional third party consultants may be interested in offering their services for a royalty on the licensing or sale of the patent.



12






The company anticipates qualifying its first clients and signing revenue sharing exclusivity agreements with them within 120 days after the termination of the sale of shares through this registration statement.. The company expects to start the process of filing its first patent applications within 180 days after the termination of the sale of shares through this registration statement.

Concurrently with the filing of our first patent applications, we plan on hire a marketing consultant with experience in the technology transfer and sales industry to begin the sales and marketing of our patented. We anticipate that we may be able to hire this consultant within approximately 270 days of after the termination of the sale of shares through this registration statement. The company anticipates that our sales cycle (the length of time between initial customer contact and sale completion) to be a minimum of 90 days. We anticipate that we may sign our first licensing agreements within 360 days after the termination of the sale of shares through this registration statement.

We do not currently have any employees and management does not plan to hire employees at this time. We do not expect the purchase or sale of any significant equipment and has no current material commitments.





Limited Operating History; Need for Additional Capital


There is no historical financial information about us upon which to base an evaluation of our performance. We are a development stage corporation and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources.



Capital Resources


If All Marketing Solutions is unsuccessful in raising the additional proceeds through a private placement offering it will then have to seek additional funds through debt financing, which would be highly difficult for a new development stage company to secure. Therefore, the company is highly dependent upon the success of the anticipated private placement offering and failure thereof would result in All Marketing Solutions having to seek capital from other sources such as debt financing, which may not even be available to the company. However, if such financing were available, because All Marketing Solutions is a development stage company with no operations to date, it would likely have to pay additional costs associated with high risk loans and be subject to an above market interest rate. At such time these funds are required, management would evaluate the terms of such debt financing and determine whether the business could sustain operations and growth and manage the debt load. If All Marketing Solutions cannot raise additional proceeds via a private placement of its common stock or secure debt financing it would be required to cease business operations. As a result, investors in All Marketing Solutions common stock would lose all of their investment. 


Off Balance Sheet Arrangement


The company is dependent upon the sale of its common shares to obtain the funding necessary to carry its business plan.  Our President, Nikola Pizurica has undertaken to provide the Company with operating capital to sustain its business over the next twelve month period, as the expenses are incurred, in the form of a non-secured loan. However, there is no contract in place or written agreement securing



13






these agreements.  Investors should be aware that Mr. Pizurica expression is neither a contract nor agreement between him and the company.


Other than the above described situation the Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


Not required.


ITEM 4. CONTROLS AND PROCEDURES


Evaluation of Disclosure Controls and Procedures


Based upon an evaluation of the effectiveness of disclosure controls and procedures, our principal executive and financial officer  has concluded that as of the end of the period covered by this Quarterly Report on Form 10-Q our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act) were not effective.  As reported in our Annual Report on Form 10-K for the year ended December 31, 2013, the Company’s principal executive and financial officer has determined that there are material weaknesses in our disclosure controls and procedures.


The material weaknesses in our disclosure control procedures are as follows:


1.           Lack of formal policies and procedures necessary to adequately review significant accounting transactions. The Company utilizes a third party independent contractor for the preparation of its financial statements. Although the financial statements and footnotes are reviewed by our management, we do not have a formal policy to review significant accounting transactions and the accounting treatment of such transactions. The third party independent contractor is not involved in the day to day operations of the Company and may not be provided information from management on a timely basis to allow for adequate reporting/consideration of certain transactions.


2.            Audit Committee and Financial Expert. The Company does not have a formal audit committee with a financial expert, and thus the Company lacks the board oversight role within the financial reporting process.


We intend to initiate measures to remediate the identified material weaknesses including, but not necessarily limited to, the following:


 

 Establishing a formal review process of significant accounting transactions that includes participation of the Chief Executive Officer, the Chief Financial Officer and the Company’s corporate legal counsel.


 

 Form an Audit Committee that will establish policies and procedures that will provide the Board of Directors a formal review process that will among other things, assure that management controls and procedures are in place and being maintained consistently.







14









Changes in Internal Controls over Financial Reporting


As reported in our Annual Report on Form 10-K for the year ended December 31, 2013, management is aware that there a significant deficiency and a material weakness in our internal control over financial reporting and therefore has concluded that the Company’s internal controls over financial reporting were not effective as of December 31, 2013. The significant deficiency relates to a lack of segregation of duties due to the small number of employees involvement with general administrative and financial matters.  The material weakness relates to a lack of formal policies and procedures necessary to adequately review significant accounting transactions. 


There have not been any changes in the Company's internal control over financial reporting during the quarter ended March 31, 2014 that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

  




PART II - OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS


The Company is not a party to any pending legal proceedings, and no such proceedings are known to be contemplated.


No director, officer, or affiliate of the issuer and no owner of record or beneficiary of more than 5% of the securities of the issuer, or any security holder is a party adverse to the small business issuer or has a material interest adverse to the small business issuer.



ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS


        None.



ITEM 3. DEFAULTS UPON SENIOR SECURITIES


        None



ITEM 4. (REMOVED AND RESERVED)



ITEM 5. OTHER INFORMATION


    None






15









ITEM 6. EXHIBITS



3.1

Articles of Incorporation of All Marketing Solutions, Inc. (fka Patents Professional, Inc.) (incorporated by reference from our Registration Statement on Form S-1 filed on June 17, 2009)

 

 

3.2

Bylaws of All Marketing Solutions, Inc. (fka Patents Professional, Inc.) (incorporated by reference from our Registration Statement on Form S-1 filed on June 17, 2009)

 

 

31.1

Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer

 

 

31.2

Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Financial Officer *

 

 

32.1

Section 1350 Certification of Chief Executive Officer

 

 

32.2

Section 1350 Certification of Chief Financial Officer **

 

 

101.INS

XBRL Instance Document

 

 

101.SCH

XBRL Taxonomy Extension Schema Document

 

 

101.CAL

XBRL Taxonomy Extension Calculation Linkbase Document

 

 

101.DEF

XBRL Taxonomy Extension Definition Linkbase Document

 

 

101.LAB

XBRL Taxonomy Extension Label Linkbase Document

 

 

101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document


 *     Included in Exhibit 31.1

**    Included in Exhibit 32.1

                                   

SIGNATURES


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

                       


All Marketing Solutions, Inc. (fka Patents Professional, Inc.)



BY:      /s/ Nikola Pizurica

 ----------------------

Nikola Pizurica

President, Secretary Treasurer, Principal Executive Officer,

Principal Financial Officer

Dated:  August 18, 2014



16



EX-31 2 exhibit31.htm EXHIBIT 31 Exhibit 31



Exhibit 31.1  

                                                         


CERTIFICATION PURSUANT TO SECTION 302(a)

OF THE SARBANES-OXLEY ACT OF 2002



I, Nikola Pizurica, certify that:



1. I have reviewed this Quarterly Report on Form 10-Q for the period ended June 30, 2014 of All Marketing Solutions, Inc. (fka Patents Professional, Inc.);


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 small business issuer as of, and for, the periods presented in this report;


4. I am 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 my 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 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 registrants 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 registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and  


5. I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of small business issuers board of directors (or persons performing the equivalent functions):


a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and,




1



b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting.




/s/ Nikola Pizurica

- -----------------------------------

Nikola Pizurica

President, Secretary Treasurer, Principal Executive Officer,

Principal Financial Officer and sole Director


Dated:  August 18, 2014

          




2


EX-32 3 exhibit32.htm EXHIBIT 32 Exhibit 32



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 on Form 10-Q for the three-month period ending March 31, 2014 of All Marketing Solutions, Inc. (fka Patents Professional, Inc.), a Nevada corporation (the "Company"), as filed with the Securities and Exchange Commission on the date hereof (the "Quarterly Report"), I, Nikola Pizurica, Chairman, President and Chief 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 Quarterly Report fully complies with the requirements of Section 13(a) or15(d) of the Securities and Exchange Act of 1934, as amended; and


2. The information contained in this Quarterly Report fairly presents, in all material respects, the financial condition and results of operation of the Company.



/s/ Nikola Pizurica

- -----------------------------------

Nikola Pizurica

President, Secretary Treasurer, Principal Executive Officer,

Principal Financial Officer and sole Director


Dated:  August 18, 2014









1


EX-101.INS 4 ptpro-20140630.xml XBRL INSTANCE DOCUMENT 10000 139 25000 35000 139 35000 139 35703 35242 21600 15700 93381 32251 150684 83193 104710 100560 960610 -95240 -1181004 -88374 -115684 -83054 35000 139 0.001 0.001 200000000 200000000 104560000 100560000 104560000 100560000 <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 1 &#150; CONDENSED FINANCIAL STATEMENTS</font></b></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">The accompanying financial statements have been prepared by the Company without audit.&#160; 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 June 30, 2014, and for all periods presented herein, have been made.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">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.&#160; 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, 2013 audited financial statements.&#160; The results of operations for the periods ended June 30, 2014 and the same period last year are not necessarily indicative of the operating results for the full years.</font></p> <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 2 &#150; GOING CONCERN</font></b></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">The Company&#146;s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.&#160; This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of </font><font lang="EN-US">$115,684</font><font lang="EN-US">, an accumulated deficit of </font><font lang="EN-US">$1,181,004 </font><font lang="EN-US">and net loss from operations since inception of </font><font lang="EN-US">$1,190,244</font><font lang="EN-US">. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company.&#160; There can be no assurance that the Company will be successful in either situation in order to continue as a going concern.&#160; The Company is funding its initial operations by way of issuing Founder&#146;s shares.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management&#146;s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</font></p> <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 3 - IMPAIRMENT OF FIXED ASSET</font></b></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">On January 8, 2014, the Company, completed the acquisition of, and exclusive rights in and to, computer source code related to software applications for the management of Internet cloud storage services in exchange for </font><font lang="EN-US">4,000,000 </font><font lang="EN-US">shares of Common Restricted Stock at a value of&#160; $0.25 per share for the source and object code forms of the software applications.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">Within the guidelines of the ASC, it was deemed that this acquisition of an intangible fixed asset of </font><font lang="EN-US">$1,000,000</font><font lang="EN-US">, did not pass the quantitative test of impairment and it has accordingly been written down to a zero balance.</font></p> <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 4 &#150; CAPITAL STOCK</font></b></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">The Company&#146;s capitalization is 200,000,000 common shares with a par value of $0.001 per share.&#160; No preferred shares have been authorized or issued.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">On September 30, 2009, the President was issued 2,280,000,000 common shares for $9,500 cash, which was received on October 8, 2009.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">In March, 2012 the Company issued 40,560,000 common shares for cash of $5,070.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">On February 5, 2013 the Company approved that the 75,000,000 authorized common shares be increased to 200,000,000 authorized common shares</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">On February 5, 2013 the company approved a 240:1 forward stock split, which has been retroactively stated throughout.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">On February 6, 2013 the Company redeemed 2,220,000,000 common shares (9,250,000 pre-split) for $10 cash. This resulted in a reduction in the Accumulated Deficit of $9,240. The stock was cancelled.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">On January 8, 2014, the Company issued 4,000,000 common shares in exchange for a capital acquisition, at $0.25 per share. </font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">On May 15, 2014, the Company issued 150,000 common shares for cash of $60,000. </font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">As of June 30, 2014, the Company has not granted any stock options and has not recorded any stock-based compensation.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">As of June 30, 2014, 104,710,000 (100,560,000 as of December 31, 2013) common shares were issued and outstanding.</font></p> <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 5 &#150; LOAN PAYABLE &#150; RELATED PARTY LOANS</font></b></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">At June 30, 2014 the Company received a loan from related parties totaling </font><font lang="EN-US">$114,981 </font><font lang="EN-US">($47,951 at December 31, 2013) of which $21,600 ($15,700 at December 31, 2013) were for expenses paid on behalf of the company by a vendor and $93,381 ($32,251 at December 31, 2013) were for expenses paid on behalf of a shareholder. These amounts are payable on demand and without interest.</font></p> <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 6 - CONSULTING AGREEMENT</font></b></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">On March 19, 2014 the Company entered into a consulting agreement to develop software development.&#160; The terms of agreement are for 9 months at $25,000 per month with effect from April 1, 2014</font></p> <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 7 - RECENT ACCOUNTING PRONOUNCEMENTS</font></b></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company&#146;s financial statement.</font></p> <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 8 - 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Note 3 - Impairment of Fixed Asset
3 Months Ended
Jun. 30, 2014
Notes  
Note 3 - Impairment of Fixed Asset

NOTE 3 - IMPAIRMENT OF FIXED ASSET

On January 8, 2014, the Company, completed the acquisition of, and exclusive rights in and to, computer source code related to software applications for the management of Internet cloud storage services in exchange for 4,000,000 shares of Common Restricted Stock at a value of  $0.25 per share for the source and object code forms of the software applications.

Within the guidelines of the ASC, it was deemed that this acquisition of an intangible fixed asset of $1,000,000, did not pass the quantitative test of impairment and it has accordingly been written down to a zero balance.

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Note 2 - Going Concern
3 Months Ended
Jun. 30, 2014
Notes  
Note 2 - Going Concern

NOTE 2 – GOING CONCERN

The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.  This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $115,684, an accumulated deficit of $1,181,004 and net loss from operations since inception of $1,190,244. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company.  There can be no assurance that the Company will be successful in either situation in order to continue as a going concern.  The Company is funding its initial operations by way of issuing Founder’s shares.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
BALANCE SHEETS    
Cash $ 10,000 $ 139
Prepaid expenses 25,000  
TOTAL CURRENT ASSETS 35,000 139
TOTAL ASSETS 35,000 139
Accounts payable and accrued liabilities 35,703 35,242
Accounts payable - Related Party 21,600 15,700
Loans from Related Party 93,381 32,251
TOTAL CURRENT LIABILITIES 150,684 83,193
Capital stock Authorized 200,000,000 shares of common stock, $0.001 par value, Issued and outstanding 104,560,000 and 100,560,000 shares at March 31, 2014 and December 31, 2013 respectively 104,710 100,560
Additional Paid in Capital 960,610 (95,240)
Deficit accumulated during the development stage (1,181,004) (88,374)
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT) (115,684) (83,054)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) $ 35,000 $ 139
XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended 66 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
STATEMENTS OF CASH FLOWS      
NET LOSS $ (1,092,630) $ (8,765) $ (1,190,244)
Impairment of Software source code 1,000,000   1,000,000
Prepaid expenses (25,000)   (25,000)
Expenses paid on company's behalf by related party vendor   3,600 10,535
Expenses paid on company's behalf by shareholder 61,130 10 82,846
Increase (decrease) in accrued expenses 6,361 5,165 57,303
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (50,139) 10 (64,560)
Proceeds from sale of common stock 60,000 (10) 64,560
NET CASH PROVIDED BY FINANCING ACTIVITIES 60,000 (10) 64,560
NET INCREASE ( DECREASE) IN CASH 9,861    
CASH, BEGINNING OF PERIOD 139 244  
CASH, END OF PERIOD $ 10,000 $ 244 $ 10,000
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Note 1 - Condensed Financial Statements
3 Months Ended
Jun. 30, 2014
Notes  
Note 1 - Condensed Financial Statements

NOTE 1 – 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 June 30, 2014, and for all periods presented herein, 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, 2013 audited financial statements.  The results of operations for the periods ended June 30, 2014 and the same period last year are not necessarily indicative of the operating results for the full years.

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BALANCE SHEETS (PARENTHETICAL) (USD $)
Jun. 30, 2014
Dec. 31, 2013
BALANCE SHEETS (PARENTHETICAL)    
Common Stock, Per Value Per Share $ 0.001 $ 0.001
Common Stock, Shares Authorized 200,000,000 200,000,000
Common Stock, Shares, Issued 104,560,000 100,560,000
Common Stock, Shares Outstanding 104,560,000 100,560,000
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Note 5 - Loan Payable - Related Party Loans (Details) (USD $)
Jun. 30, 2014
Details  
Loan from related parties $ 114,981
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Document and Entity Information (USD $)
6 Months Ended
Jun. 30, 2014
Document and Entity Information:  
Entity Registrant Name All Marketing Solutions, Inc.
Document Type 10-Q
Document Period End Date Jun. 30, 2014
Amendment Flag false
Entity Central Index Key 0001464300
Current Fiscal Year End Date --12-31
Entity Common Stock, Shares Outstanding 104,560,000
Entity Public Float $ 104,560
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 2014
Document Fiscal Period Focus Q2
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STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended 66 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
STATEMENTS OF OPERATIONS          
Revenues $ 0 $ 0 $ 0 $ 0 $ 0
Impairment of fixed asset     1,000,000   1,000,000
Office and general 85,455 2,520 86,630 2,765 109,291
Professional Fees 1,400 1,500 3,000 3,000 63,753
- related party 1,500 1,500 3,000 3,000 17,200
Total Expenses 88,355 5,520 1,092,630 8,765 1,190,244
NET LOSS $ (88,355) $ (5,520) $ (1,092,630) $ (8,765) $ (1,190,244)
BASIC AND DILUTED LOSS PER COMMON SHARE     $ (0.01)     
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 104,637,473 100,560,000 104,444,254 2,320,560,000 104,637,473
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Note 6 - Consulting Agreement
3 Months Ended
Jun. 30, 2014
Notes  
Note 6 - Consulting Agreement

NOTE 6 - CONSULTING AGREEMENT

On March 19, 2014 the Company entered into a consulting agreement to develop software development.  The terms of agreement are for 9 months at $25,000 per month with effect from April 1, 2014

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Note 5 - Loan Payable - Related Party Loans
3 Months Ended
Jun. 30, 2014
Notes  
Note 5 - Loan Payable - Related Party Loans

NOTE 5 – LOAN PAYABLE – RELATED PARTY LOANS

At June 30, 2014 the Company received a loan from related parties totaling $114,981 ($47,951 at December 31, 2013) of which $21,600 ($15,700 at December 31, 2013) were for expenses paid on behalf of the company by a vendor and $93,381 ($32,251 at December 31, 2013) were for expenses paid on behalf of a shareholder. These amounts are payable on demand and without interest.

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Note 2 - Going Concern (Details) (USD $)
3 Months Ended
Jun. 30, 2014
Details  
Working capital deficit $ 115,684
Accumulated deficit 1,181,004
Net loss from operations $ 1,190,244
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Note 7 - Recent Accounting Pronouncements
3 Months Ended
Jun. 30, 2014
Notes  
Note 7 - Recent Accounting Pronouncements

NOTE 7 - RECENT ACCOUNTING PRONOUNCEMENTS

The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement.

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Note 8 - Subsequent Events
3 Months Ended
Jun. 30, 2014
Notes  
Note 8 - Subsequent Events

NOTE 8 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were available to be issued and has determined that there are no further events to disclose.

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Note 3 - Impairment of Fixed Asset (Details) (USD $)
3 Months Ended
Jun. 30, 2014
Jan. 08, 2014
Details    
Common Restricted Stock   4,000,000
Intangible fixed asset $ 1,000,000  
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STATEMENTS OF STOCKHOLDER'S EQUITY (DEFICIT) (USD $)
Common Stock
Additional Paid in Capital
Share Subscription Receivable
Deficit Accumulated During the Development Stage
Total
Balance, Value at Dec. 16, 2008          
Net Loss       $ (1,630) $ (1,630)
Balance, Value at Dec. 31, 2008       (1,630) (1,630)
Common shares issued for cash at $0.00000417, Value 2,280,000 (2,270,500)     9,500
Common shares issued for cash at $0.00000417, Shares 2,280,000,000        
Net Loss       (23,497) (23,497)
Balance, Value at Dec. 31, 2009 2,280,000 (2,270,500)   (25,127) (15,627)
Balance, Shares at Dec. 31, 2009 2,280,000,000        
Net Loss       (15,660) (15,660)
Balance, Value at Dec. 31, 2010 2,280,000 (2,270,500)   (40,787) (31,287)
Balance, Shares at Dec. 31, 2010 2,280,000,000        
Net Loss       (13,978) (13,978)
Balance, Value at Dec. 31, 2011 2,280,000 (2,270,500)   (54,765) (45,265)
Balance, Shares at Dec. 31, 2011 2,280,000,000        
Common shares issued for cash at $0.000125, Value 40,560 (35,490) (5,070)    
Common shares issued for cash at $0.000125, Shares 40,560,000        
Subscription received     5,070   5,070
Net Loss       (25,034) (25,034)
Balance, Value at Dec. 31, 2012 2,320,560 (2,305,990)   (79,799) (65,229)
Balance, Shares at Dec. 31, 2012 2,320,560,000        
Share Redemption for $10 cash, Value (2,220,000) 2,210,750   9,240 (10)
Share Redemption for $10 cash, Shares (2,220,000,000)        
Net Loss       (17,815) (17,815)
Balance, Value at Dec. 31, 2013 100,560 (95,240)   (88,374) (83,054)
Balance, Shares at Dec. 31, 2013 100,560,000        
Common Stock issued for Capital Acquisition, for $0.25 per share, Value 4,000 996,000     1,000,000
Common Stock issued for Capital Acquisition, for $0.25 per share, Shares 4,000,000        
Common Stock issued for cash at $0.40 per share in May, 2014, Value 150 59,850     60,000
Common Stock issued for cash at $0.40 per share in May, 2014, Shares 150,000        
Net Loss       (1,092,630) (1,092,630)
Balance, Value at Jun. 30, 2014 $ 104,710 $ 960,610 $ 0 $ (1,181,004) $ (115,684)
Balance, Shares at Jun. 30, 2014 104,710,000        
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Note 4 - Capital Stock
3 Months Ended
Jun. 30, 2014
Notes  
Note 4 - Capital Stock

NOTE 4 – CAPITAL STOCK

The Company’s capitalization is 200,000,000 common shares with a par value of $0.001 per share.  No preferred shares have been authorized or issued.

On September 30, 2009, the President was issued 2,280,000,000 common shares for $9,500 cash, which was received on October 8, 2009.

In March, 2012 the Company issued 40,560,000 common shares for cash of $5,070.

On February 5, 2013 the Company approved that the 75,000,000 authorized common shares be increased to 200,000,000 authorized common shares

On February 5, 2013 the company approved a 240:1 forward stock split, which has been retroactively stated throughout.

On February 6, 2013 the Company redeemed 2,220,000,000 common shares (9,250,000 pre-split) for $10 cash. This resulted in a reduction in the Accumulated Deficit of $9,240. The stock was cancelled.

On January 8, 2014, the Company issued 4,000,000 common shares in exchange for a capital acquisition, at $0.25 per share.

On May 15, 2014, the Company issued 150,000 common shares for cash of $60,000.

As of June 30, 2014, the Company has not granted any stock options and has not recorded any stock-based compensation.

As of June 30, 2014, 104,710,000 (100,560,000 as of December 31, 2013) common shares were issued and outstanding.

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