10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended June 30, 2016

 . TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT

For the transition period from _________ to _________

Commission File Number: 333-175146

PROTO SCRIPT PHARMACEUTICAL CORP.

(Name of Small Business Issuer in its charter)

Nevada	99-0363803
(state or other jurisdiction of incorporation or organization)	(I.R.S. Employer I.D. No.)
9830 6th Street, Suite 103 Rancho Cucamonga, California	91730
(Address of principal executive offices)	(Zip Code)

(855) 476-7679

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was require 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 is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer.   Accelerated filer.   Non-accelerated filer.   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 .

APPLICABLE ONLY TO CORPORATE ISSUERS

As of November 17, 2016 the registrant had 3,048,000 shares of common stock outstanding.

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PROTO SCRIPT PHARMACEUTICAL CORP.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)	3
	Condensed Balance Sheets	4
	Condensed Statements of Operations	5
	Condensed Statements of Cash Flows	6
	Notes to Condensed Financial Statements	7
Item 2.	Management Discussion & Analysis of Financial Condition and Results of Operations	13
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15
Item 4.	Controls and Procedures	15
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3.	Defaults Upon Senior Securities	16
Item 4.	Mine Safety Disclosures	16
Item 5.	Other information	16
Item 6.	Exhibits	16

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PART I – FINANCIAL INFORMATION

PROTO SCRIPT PHARMACEUTICAL CORP.

Financial Statements

June 30, 2016

(Expressed in US dollars)

(unaudited)

Condensed Balance Sheets (unaudited)	4
Condensed Statements of Operations (unaudited)	5
Condensed Statements of Cash Flows (unaudited)	6
Notes to the Condensed Financial Statements (unaudited)	7

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PROTO SCRIPT PHARMACEUTICAL CORP.

Condensed Balance Sheets

(Expressed in US dollars)

(Unaudited)

PROTO-SCRIPT PHARMACEUTICALS, CORP.
Condensed Consolidated Balance Sheets
(Unaudited)
					June 30,		December 31,
					2016		2015
ASSETS
	Current assets
		Cash		$	16,528	$	9,090
		Accounts receivable, net			213,077		174,053
		Other current assets			2,091		357
			Total current assets		231,696		183,500
	Property and equipment, net				13,103		15,441
	Intangible assets, net				-		-
TOTAL ASSETS				$	244,799	$	198,941
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
	Current liabilities
		Bank overdraft		$	51,724	$	36,159
		Accounts payable			21,535		23,944
		Payroll liabilities			11,726		10,770
		Other payables			75,826		65,826
	TOTAL LIABILITIES				160,811		136,699
STOCKHOLDERS’ EQUITY
	Common stock: authorized 500,000,000 common shares,    no par, 33,048,000 and 3,048,000 issued and outstanding				33,048		33,048
	Additional paid-in capital				-		-
	Retained earnings				50,940		29,194
	TOTAL STOCKHOLDERS' EQUITY				83,988		62,242
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY				$	244,799	$	198,941
The accompanying notes are an integral part of these unaudited consolidated financial statements.

4

PROTO SCRIPT PHARMACEUTICAL CORP.

Condensed Statements of Operations

(Expressed in US dollars)

(unaudited)

PROTO-SCRIPT PHARMACEUTICALS, CORP.
Condensed Consolidated Statement of Operations
			(unaudited)
			Three Months Ended June 30,				Six Months Ended June 30,
			2016		2015		2016		2015
Sales, net		$	131,573	$	233,680	$	474,785	$	545,431
Cost of goods sold			56,641		52,155		85,362		155,535
Gross profit			74,932		181,525		389,423		389,896
Operating expenses
	Selling, general and administrative		142,682		193,531		308,085		408,576
Total operating expenses			142,682		193,531		308,085		408,576
Net income (loss)		$	(67,750)	$	(12,006)	$	81,338	$	(18,680)
Earnings (loss) per share - basic and diluted		$	(0.02)	$	(0.00)	$	0.02	$	(0.01)
Weighted average common shares - basic and diluted		$	3,707,341	$	3,048,000	$	3,377,670	$	3,048,000
The accompanying notes are an integral part of these unaudited consolidated financial statements.

5

PROTO SCRIPT PHARMACEUTICAL CORP.

Condensed Statements of Cash Flows

(Expressed in US dollars)

(unaudited)

PROTO-SCRIPT PHARMACEUTICALS, CORP.
Condensed Consolidated Statements of Cash Flows
(unaudited)
					Six Months Ended June 30,
					2016		2015
CASH FLOW FROM OPERATING ACTIVITIES:
	Net income (loss)			$	81,338	$	(18,680)
	Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:
		Depreciation and amortization expense			2,338		41,823
		Changes in operating assets and liabilities:
			Accounts receivable		(39,024)		-
			Other current assets		(1,734)		(47)
			Accounts payable		(2,409)		6,348
			Accrued liabilities		-		(900)
			Payroll liabilities		956		2,422
		Net cash provided by (used in) operating activities			41,465		30,966
CASH FLOW FROM INVESTING ACTIVITIES:
	Purchase of property and equipment				-		(1,363)
		Net cash used in investing activities			-		(1,363)
CASH FLOW FROM FINANCING ACTIVITIES:
	Cash overdraft				15,565		21,557
	Loan from (distributions to) stockholder, net				(59,592)		(68,506)
	Advances from non-related party				10,000		-
		Net cash provided by (used in) financing activities			(34,027)		(46,949)
Net cash increase (decrease) in cash					7,438		(17,346)
Cash at beginning of period					9,090		31,151
Cash at end of period				$	16,528	$	13,805
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
	Cash paid for interest			$	-	$	-
	Cash paid for income taxes			$	-	$	-
The accompanying notes are an integral part of these unaudited consolidated financial statements.

6

PROTO-SCRIPT PHARMACEUTICALS, CORP.

Notes to the Condensed Consolidated Financial Statements

For the Six Months Ended June 30, 2016 and 2015

(unaudited)

NOTE 1 - NATURE OF BUSINESS AND BASIS OF PRESENTATION

Proto-Script Pharmaceuticals, Corp. (the “Company”) was incorporated under the laws of the state of California on June 27, 2001 and currently operates as PSP Homecare (dba). The Company has contracts with Medicare, Medi-Cal, IEHP and various other state and governmental insurance providers. These contracts provide the Company the right to sell and repair durable medical equipment (“DME”). The Company bills the insurance providers for payment. The Company’s primary business is to repair power wheelchairs and scooters which are classified as DME products and reimbursable by healthcare insurance providers.

The Company’s health care insurance contracts allow it the ability to service patients nationally. The Company is seeking to expand its market through additional contracts and open several repair facilities throughout the continental United States. Currently the Company has repair facilities in Las Vegas, Nevada, Rancho-Cucamonga, and Anaheim, California.

The unaudited interim condensed consolidated financial statements have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in the annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to such rules and regulations. These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes for the year ended December 31, 2015. The results of the six months ended June 30, 2016 are not necessarily indicative of the results to be expected for the full year ending December 31, 2016.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The accounting policies of an entity are the specific accounting principles and the methods of applying those principles that are judged by the management of the entity to be the most appropriate in the circumstances to present fairly financial position, cash flows, and results of operations in accordance with generally accepted accounting principles (GAAP) and that, accordingly, have been adopted for preparing the consolidated financial statements.

The accounting policies adopted by an entity can affect significantly the presentation of its financial position, cash flows, and results of operations. Accordingly, the usefulness of financial statements for purposes of making economic decisions about the entity depends significantly upon the user's understanding of the accounting policies followed by the entity.

Basis of Accounting

The Company’s consolidated financial statements are prepared using the accrual method of accounting. The Company elected a December 31, year-end.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Proto-Script Pharmaceuticals, Corp., a Nevada Corporation. All significant intercompany transactions and balances have been eliminated.

Cash

For purposes of the balance sheets and statements of cash flows, the Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. There were no cash equivalents as of June 30, 2016 and December 31, 2015.

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Use of Estimates

Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates, assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Significant estimates made in connection with the accompanying consolidated financial statements include the estimation of fair values in connection with the analysis of intangible assets for impairment and estimated useful lives for intangible assets and property and equipment.

Concentration of Risk

The Company maintains various bank accounts at financial institutions located in California and Nevada. Accounts at each bank are temporarily insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. As of June 30, 2016 and December 31, 2015 the Company had no uninsured cash balances. The Company experienced no losses from such accounts and management believes it places its cash on deposit with financial institutions that are financially stable.

Accounts Receivable

Trade accounts receivable are stated at the amount the Company expects to collect. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Past due balances over 90 days and other higher risk amounts are reviewed individually for collectability. If the financial condition of the Company’s customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Based on management’s assessment, the Company provides for estimated uncollectible amounts through a charge to earnings and a credit to a valuation allowance. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. Bad debt expense (loss recovery) for the six months ended June 30, 2016 and 2015 was $0 and $0, respectively.

Collectability

The Company is governed by Medicare standards and therefore agrees to accept the Medicare-approved amounts as the total payment for the service or item. The Company also agrees to bill Medicare and other or suppliers directly on behalf of the patient.

We report patient accounts receivable net of estimated allowances for doubtful accounts and adjustments. Patient accounts receivable are uncollateralized and primarily consist of amounts due from Medicare, other third-party payers and patients. Our process for estimating the allowance for doubtful accounts is based upon our assessment of historical and expected net collections and trends in reimbursement. 

Revenue Recognition

The Company’s revenue recognition policies comply with FASB ASC Topic 605, “Revenue Recognition.” The Company recognizes revenue when it provided the services, shipped the products and billed its customers, insurance companies, and government agencies, and no other significant obligations of the Company exist and collectability is reasonably assured. The Company’s billings are subject to insurance company and government regulatory agency adjustments. The Company revises the amount of revenue recognized when the insurance company and government regulatory adjustments are known to the Company. The adjustments to the amounts the Company can bill are changed approximately every five years when the government asks companies to submit a new bid. There is approximately one year between the time the Company is notified of any price changes until the time the new amounts come into effect.

Inventory

The Company purchases inventory from third party vendors, which consists of wheelchairs and scooters. Inventory, when carried if at all, represents finished goods, which is stated at lower of cost or market. The Company periodically reviews the value of items held in inventory and provides for write-downs or write-offs based on its assessment of market conditions. Write-downs and write-offs are charged to cost of goods sold. The Company generally purchases product when it has a firm sales or service order. At June 30, 2016 and December 31, 2015, the Company had no inventory on hand.

8

Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted net cash flows of the operation to which the assets relate to the carrying amount. If the operation is determined to be unable to recover the carrying amount of its assets, then assets are written down first, followed by other long-lived assets of the operation to fair value. Fair value is determined based on discounted cash flows or appraised values, depending on the nature of the assets. As June 30, 2016 and December 31, 2015, there were no impairment losses recognized for long-lived assets

Property and Equipment

Property and equipment are stated at cost and consists of a delivery vehicle, furniture and equipment. Depreciation is computed on the straight-line basis over 60 months, the estimated useful life.

Property and equipment consists of:

		June 30,		December 31,
		2016		2015
Computers & Equipment	$	2,300	$	2,300
Furniture & Fixtures		1,584		1,584
Machinery & Equipment		4,430		4,430
Truck & Auto		15,282		15,282
Total		23,596		23,596
Less accumulated depreciation		(10,493)		(8,155)
Property and equipment, net	$	13,103	$	15,441

For the six months ended June 30, 2016 and 2015, the Company recognized $2,338 and $1,824 in depreciation expense, respectively.

Intangible assets

Intangible assets with finite lives are amortized over their estimated useful life. The Company monitors conditions related to these assets to determine whether events and circumstances warrant a revision to the remaining amortization period. The Company tests its intangible assets with finite lives for potential impairment whenever management concludes events or changes in circumstances indicate that the carrying amount may not be recoverable. The original estimate of an asset's useful life and the impact of an event or circumstance on either an asset's useful life or carrying value involves significant judgment.

During 2012, the Company purchased a competitor patient list for $230,000. The purchase price consisted of a cash payment of $35,000 and an installment purchase obligation of $195,000. At December 31, 2013, the installment purchase obligation was paid in full. The Company amortizes the patient list over its estimated useful life of 36 months.

During 2014, the Company purchased a competitor customer list for $10,000. Purchase price consisted of a cash payment of $10,000. The Company amortizes the customer list over its estimated useful life of 12 months.

Intangible assets consist of:

		June 30,		December 31,
		2016		2015
Patient list	$	230,000	$	230,000
Customer list		10,000		10,000
Total		240,000		240,000
Less accumulated amortization		(240,000)		(240,000)
Intangible assets, net	$	-	$	-

For the six months ended June 30, 2016 and 2015, the Company recognized $0 and $39,999 in amortization expense, respectively.

9

Income Taxes

The Company elected “S” corporation treatment for income tax purposes as provided for under §1362 of the Internal Revenue Code of 1986, as amended. An S corporation is generally not subject to federal income tax. During March 2015 the Company elected to terminate its “S” corporation status.

Income taxes are provided in accordance with ASC 740, Income Taxes. Deferred tax assets or liabilities are recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards available. Deferred tax expense (benefit) results from the net change during the period for its deferred tax assets and liabilities.

Deferred tax assets are reduced by valuation allowances when, in the opinion of management, it is more likely than not that some portion or all of its deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

No provision was made for Federal income tax nor minimum state franchise tax.

Earnings (Loss) per Share

Basic earnings (loss) per share is calculated by dividing the Company’s net income (loss) by the weighted average number of common shares during the period. Diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) by the diluted weighted average number of shares outstanding during such period. Diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or common stock equivalent. Diluted earnings (loss) per share are the same as basic income (loss) per share due to no dilutive items having been issued by the Company.

Recent Accounting Pronouncements

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASU 2014-09) , which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. The standard is effective for annual periods beginning after December 15, 2016, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). Early adoption is not permitted. The Company is currently evaluating the impact of the pending adoption of ASU 2014-09 on its consolidated financial statements and has not yet determined the method by which it will adopt the standard beginning January 1, 2017.

In August, 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. The amendment in this ASU defers the effective date of ASU No. 2014-09 for all entities for one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods with that reporting period.

In February, 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. ASU 2015-02 provides guidance on the consolidation evaluation for reporting organizations that are required to evaluate whether they should consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). ASU 2015-02 is effective for periods beginning December 15, 2015. The adoption of ASU 2015-02 is not expected to have a material effect on the Company’s consolidated financial statements. Early adoption is permitted.

10

In September, 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805). Topic 805 requires that an acquirer retrospectively adjust provisional amounts recognized in a business combination, during the measurement period. To simplify the accounting for adjustments made to provisional amounts, the amendments in the Update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. In addition an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU 2015-16 is effective for fiscal years beginning December 15, 2015. The adoption of ASU 2015-016 is not expected to have a material effect on the Company’s consolidated financial statements.

In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes. The new guidance requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. This update is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company does not anticipate the adoption of this ASU will have a significant impact on its financial position, results of operations, or cash flows.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The guidance in ASU No. 2016-02 supersedes the lease recognition requirements in ASC Topic 840, Leases (FAS 13). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases, along with additional qualitative and quantitative disclosures. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the effect this standard will have on its consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share Based Payment Accounting, to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance will be effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of the adoption of this newly issued guidance to its consolidated financial statements.

Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements.

NOTE 3 - STOCKHOLDERS’ EQUITY

The Company was formed with one class of common stock, no par and is authorized to issue 500,000 common shares. Voting rights are not cumulative and, therefore, the holders of more than 50% of the Company’s common stock could, if they chose to do so, elect all of the directors of the Company.

During 2012 the Company’s shareholders, which consists of 3 individuals acquired 100% of the Company’s issued and outstanding common stock from a prior shareholder in a private transaction.

On March 17, 2015, Michelle Rico, the Company’s CEO, purchased all of the outstanding shares from the other stockholders to become the sole stockholder of the Company.

As of June 30, 2016 and December 31, 2015, there were 100,000 shares of common stock issued and outstanding of the Company.

See Note 4 for distribution to stockholder.

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NOTE 4 – LOAN TO STOCKHOLDER

The Company advances and borrows money from time to time to/from a related party. As of December 31, 2014, the Company was owed $161,770 from the Company’s CEO and stockholder. These advances are unsecured and carry no interest or repayment terms. Provision for loan to stockholder at December 31, 2014 was $135,973 resulting in a net balance of $25,797.

At September 30, 2015, the balance owed to the Company from its CEO was $100,046. At September 30, 2015, the Company’s board of directors approved such amount outstanding as a distribution to stockholder in compensation for services provided by the CEO. In addition, during the quarter ended December 31, 2015, the Company advanced the CEO and additional $15,980. At December 31, 2015, the Company’s board of directors approved $15,980 as a distribution to stockholder in compensation for services provided by the CEO. The total of $116,026 is reflected as a distribution to stockholder in the accompanying statement of changes in stockholders’ equity.

During the six months ended June 30, 2016, the Company made distributions to stockholder of $59,592.

The loan to stockholder balance at June 30, 2016 and December 31, 2015 was $0 and $0, respectively.

NOTE 5 – OTHER PAYABLES

During the year ended December 31, 2014 the Company received $65,826 from two non-related parties, in order to fund working capital expenses. In addition, during the six months ended June 30, 2016, the Company received and additional $10,000 from a non-related party. The amounts are unsecured and carry no interest rate or repayment terms. One of the non-related parties purchased a controlling interest in a publicly traded company. At June 30, 2016 and December 31, 2015, the amount outstanding was $75,826 and $65,826, respectively.

NOTE 6 – COMMITMENTS AND CONTINGENCIES

The Company leases its office/warehouse space from various third parties.

·

Rancho Cucamonga, California - $2,700/month. Combined office and warehouse space of approximately 4,000 sq. ft. The lease has expired and the Company continues to lease the office and warehouse space on a month-to-month basis.

·

Las Vegas, Nevada - $1,370/month. Combined office and warehouse space of approximately 1,600 sq. ft. The lease has expired and the Company continues to lease the office and warehouse space on a month-to-month basis.

·

Anaheim, California - $1,222/month. Combined office and warehouse space of approximately 950 sq. ft. The lease has expired and the Company continues to lease the office and warehouse space on a month-to-month basis.

For the six months ended June 30, 2016 and 2015, the Company recognized $44,539 and $43,197, respectively, in rental or lease expense included in selling, general and administrative expense.

Litigation

The Company is subject to other potential liabilities under government regulations and various claims and legal actions that may be asserted. Matters may arise in the ordinary course and conduct of the Company’s business, as well as through its acquisition of certain intangible assets. Claim estimates that are probable and can be reasonably estimated are reflected as liabilities of the Company. The ultimate resolution of these matters is subject to many uncertainties. It is reasonably possible that matters, which may be asserted, could ultimately be decided unfavorably for the Company. During the three months ended June 30, 2016 and 2015, the Company did not face any claims or litigation.

NOTE 7 – SUBSEQUENT EVENTS

In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to June 30, 2016 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

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ITEM 2 - MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Safe Harbor Statement

This report on Form 10-Q contains certain forward-looking statements. All statements other than statements of historical fact are “forward-looking statements” for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements.

These forward-looking statements involve significant risks and uncertainties, including, but not limited to, the following: competition, promotional costs, and risk of declining revenues. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These forward-looking statements are made as of the date of this filing, and we assume no obligation to update such forward-looking statements. The following discusses our financial condition and results of operations based upon our financial statements which have been prepared in conformity with accounting principles generally accepted in the United States. It should be read in conjunction with our financial statements and the notes thereto included elsewhere herein.

The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this Form 10-Q. The discussions of results, causes and trends should not be construed to imply any conclusion that these results or trends will necessarily continue into the future.

Overview

We were founded in the State of Nevada on November 18, 2010, as an early stage company operating within the concept architectural, interior design project and related areas in Germany initially. Our plan was to operate in various architectural fields and to be responsible for the concept architectural vision of future private and public buildings as well as municipal organized public areas. Also, we intended to work with interior design view, visualization and renderings. After attempting to implement our business plan, we have determined that it would be in the best interest of the Company and our shareholders to seek out and identify potential acquisition partners, joint ventures or other strategic alliances.

Accordingly, on June 29, 2016, the Company entered into a Share Exchange Agreement (the “Share Exchange”) with Proto-Script Pharmaceuticals, Corp., a California corporation (“PSPC”), whereby the Company acquired 100% of the issued and outstanding common stock of PSPC, in exchange for Thirty Million (30,000,000) restricted shares of the Company’s common stock. PSPC became a wholly-owned subsidiary of the Company and the business direction of the Company has shifted to the business of PSPC.

We are a development stage company. Our independent registered public accountant has issued an audit opinion which includes a statement expressing substantial doubt as to our ability to continue as a going concern. Our common stock trades on the OTC Pink Sheets under the symbol “YNXG”.

We currently have one subsidiary, Proto-Script Pharmaceuticals, Corp., a California corporation. Our principal office is located at 9830 6th Street, Suite 103, Rancho Cucamonga, California 91730. Our telephone number is (855) 476-7679. Our fiscal year end is December 31.

We have incurred losses since our inception. We rely upon the sale of our securities to fund our operations. We have not generated any revenues from November 18, 2010 (date of inception) to June 30, 2016

We are not involved in any bankruptcy, receivership or similar proceedings.

Liquidity and Capital Resources

As of June 30, 2016, we had cash and cash equivalents of $16,528 and a working capital surplus of $70,885. As of June 30, 2016 our accumulated stockholders’ equity was $83,988. For the three months ended June 30, 2016 our net loss was $67,750 compared to a net loss $12,006 during the same period in 2015. This increase was due to a decrease in sales. For the six months ended June 30, 2016 we had net income of $81,338 compared to a net loss of $18,680 during the same period in 2015. This increase in income was due to lower costs of goods sold as well as lower selling, general and administrative expenses.

13

We received net cash of $41,465 from operating activities for the six months ended June 30, 2016 compared to receiving net cash of $30,966 in operating activities for the same period in 2015. We did not use any money in investing activities for the six months ended June 30, 2016 compared to using net cash of $1,363 in investing activities for the six months ended June 30, 2016. We used net cash of $34,027 in financing activities for the six months ended June 30, 2016 compared to using $46,949 for the same period in 2015.

These financial statements have been prepared on the assumption that we are a going concern, meaning we will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. Different bases of measurement may be appropriate when a company is not expected to continue operations for the foreseeable future. Our continuation as a going concern is dependent upon our ability to attain profitable operations and generate funds there-from, and/or raises equity capital or borrowings sufficient to meet current and future obligations. Management plans to raise equity financings over the next twelve months to finance operations. There is no guarantee that we will be able to complete any of these objectives. We have incurred losses from operations since inception and at June 30, 2016, have an accumulated deficit that creates substantial doubt about our ability to continue as a going concern.

Results of Operations for the three months ended June 30, 2016 compared to the three months ended June 30, 2015.

Revenues

For the three months ended June 30, 2016, we earned net sales revenues of $131,573 compared to net sales revenues of $233,680 for the same period in 2015. Our financial statements contain an additional explanatory paragraph in Note 1, which identifies issues that raise substantial doubt about our ability to continue as a going concern. Our financial statements do not include any adjustment that might result from the outcome of this uncertainty.

Expenses

Our total operating expenses decreased from $193,531 to $142,682 or the three months ended June 30, 2016 compared to the same period in 2015. This decrease was due to a decrease in selling, general and administrative expenses.

Net Loss

We incurred a net loss of $67,750 for the three months ended June 30, 2016, compared to a net loss of $12,006 for the same period in 2015. This increase was due to a decrease in sales. Our basic and diluted loss per share was $0.02 for the three months ended June 30, 2016, and $0.00 for the same period in 2015.

Results of Operations for the six months ended June 30, 2016 compared to the six months ended June 30, 2015.

Revenues

For the six months ended June 30, 2016, we earned net sales revenues of $474,785 compared to net sales revenues of $545,431 for the same period in 2015.

Expenses

Our total operating expenses decreased from $408,576 to $308,085 for the six months ended June 30, 2016 compared to the same period in 2015. This decrease was due to a decrease in selling, general and administrative expenses

Net Loss

We earned net income of $81,338 for the six months ended June 30, 2016, compared to a net loss of $18,680 for the same period in 2015. This decrease in net loss was due to lower cost of goods sold and lower selling, general and administrative expenses. Our basic and diluted earnings per share was $0.02 for the six months ended June 30, 2016 compared to a loss per share of $0.01 for the same period in 2015.

14

Inflation

The amounts presented in the financial statements do not provide for the effect of inflation on our operations or financial position. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement costs or by using other inflation adjustments.

Off-Balance Sheet Arrangements

As of June 30, 2016, we had no off-balance sheet transactions that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES

Management's Report on Internal Control over Financial Reporting.

Our Internal control over financial reporting is a process that, under the supervision of and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, was designed to provide reasonable assurances regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect our transactions and dispositions of our assets; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and our trustees; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on our financial statements.

Because of its inherent limitations, internal control over financial reporting August not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that our controls August become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures August deteriorate.

As management, it is our responsibility to establish and maintain adequate internal control over financial reporting. As of June 30, 2016, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we evaluated the effectiveness of our internal control over financial reporting using criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO"). Based on our evaluation, we concluded that the Company maintained effective internal control over financial reporting as of June 30, 2016, based on criteria established in the Internal Control Integrated Framework issued by the COSO.

This quarterly report does not include an attestation report of the company's registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the company's registered public accounting firm pursuant

to temporary rules of the Securities and Exchange Commission that permit the company to provide only management's report in this quarterly report.

Evaluation of disclosure controls and procedures.

As of June 30, 2016, the Company's Chief Executive Officer and Chief Financial Officer conducted an evaluation regarding the effectiveness of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act. Based upon the evaluation of these controls and procedures, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of the date of filing this annual report applicable for the period covered by this report.

Changes in internal controls.

During the period covered by this report, no changes occurred in our internal control over financial reporting that materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

15

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

As of November 17, 2016 there are no material pending legal proceedings, other than ordinary routine litigation incidental to our business, to which we or any of our subsidiaries are a party or of which any of our properties is the subject. Also, our management is not aware of any legal proceedings contemplated by any governmental authority against us.

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

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not Applicable.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

Exhibit Number	Exhibit Description
31.1	Certification of the Chief Executive Officer and Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
EX-101.INS	XBRL Instance Document
EX-101.SCH	XBRL Taxonomy Extension Schema
EX-101.CAL	XBRL Taxonomy Extension Calculation Linkbase
EX-101.LAB	XBRL Taxonomy Extension Label Linkbase
EX-101.PRE	XBRL Taxonomy Extension Presentation Linkbase
EX-101.DEF	XBRL Taxonomy Extension Definition Linkbase

16

SIGNATURES

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

	PROTO SCRIPT PHARMACEUTICAL CORP.
	(REGISTRANT)
Date: November 18, 2016	/s/ Michelle Rico
		Michelle Rico
		President, Chief Executive Officer, Chief Financial Officer and Director
		(Authorized Officer for Registrant)

17

EX-31.1

CERTIFICATIONS

I, Michelle Rico, certify that;

(1)	I have reviewed this Quarterly Report on Form 10-Q of Proto Script Pharmaceutical Corp.;
(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)	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 Rule 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 me 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 my 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 my 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 that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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

(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.

Date:  November 18, 2016

	/s/ Michelle Rico
By:	Michelle Rico
Title:	Chief Executive Officer and
	Chief Financial Officer

EX-32.1

CERTIFICATION OF

CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Michelle Rico, the Chief Executive Officer and Chief Financial Officer of Proto Script Pharmaceutical Corp. (the “Company”), hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(i)	the Quarterly Report on Form 10-Q of the Company, for the fiscal quarter ended June 30, 2016, and to which this certification is attached as Exhibit 32.1 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(ii)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:	/s/ Michelle Rico
Name:	Michelle Rico
Title:	Chief Executive Officer and
	Chief Financial Officer
Date:	November 18, 2016

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Nov. 17, 2016
Document And Entity Information
Entity Registrant Name	PROTO SCRIPT PHARMACEUTICAL CORP
Entity Central Index Key	0001521420
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,048,000

XML

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash	$ 16,528	$ 9,090
Accounts receivable, net	213,077	174,053
Other current assets	2,091	357
Total current assets	231,696	183,500
Property and equipment, net	13,103	15,441
Intangible assets, net
TOTAL ASSETS	244,799	198,941
Current Liabilities
Bank overdraft	51,724	36,159
Accounts payable	21,535	23,944
Payroll liabilities	11,726	10,770
Other payables	75,826	65,826
TOTAL LIABILITIES	160,811	136,699
STOCKHOLDERS' EQUITY
Common stock: authorized 500,000,000 common shares, no par, 33,048,000 and 33,048,000 iissued and outstanding	33,048	33,048
Additional paid-in capital
Retained earnings	50,940	29,194
TOTAL STOCKHOLDERS' EQUITY	83,988	62,242
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	$ 244,799	$ 198,941

XML

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par value per share
Common stock, shares issued	33,048,000	33,048,000
Common stock, shares outstanding	33,048,000	33,048,000

XML

Condensed Consolidated Statement Of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Sales, net	$ 131,573	$ 233,680	$ 474,785	$ 545,431
Cost of goods sold	56,641	52,155	85,362	155,535
Gross profit	74,932	181,525	389,423	389,896
Operating expenses
Selling, general and administrative	142,682	193,531	308,085	408,576
Total operating expenses	142,682	193,531	308,085	408,576
Net income (loss)	$ (67,750)	$ (12,006)	$ 81,338	$ (18,680)
Earnings (loss) per share - basic and diluted	$ (0.02)	$ (0.00)	$ 0.02	$ (0.01)
Weighted average common shares - basic and diluted	3,707,341	3,048,000	3,377,670	3,048,000

XML

Consolidated Statement Of Changes In Stockholders' Equity (Unaudited) - 6 months ended Jun. 30, 2016 - USD ($)	Common Stock [Member]	Additional Paid-in Capital	Retained Earnings	Total
Balance, shares at Dec. 31, 2015	100,000			33,048,000
Balance, value at Dec. 31, 2015			$ 62,242	$ 62,242
Net income			81,338	81,338
Distribution to stockholder			59,592	$ 59,592
Balance, shares at Jun. 30, 2016	100,000			33,048,000
Balance, value at Jun. 30, 2016			$ 83,988	$ 83,988

XML

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOW FROM OPERATING ACTIVITIES:
Net income (loss)	$ 81,338	$ (18,680)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:
Depreciation and amortization expense	2,338	41,823
Changes in operating assets and liabilities:
Accounts receivable	39,024
Other current assets	1,734	47
Accounts payable	(2,409)	6,348
Accrued liabilities		(900)
Payroll liabilities	956	2,422
Net cash provided by (used in) operating activities	41,465	30,966
CASH FLOW FROM INVESTING ACTIVITIES:
Purchase of property and equipment		1,363
Net cash used in investing activities		(1,363)
CASH FLOW FROM FINANCING ACTIVITIES:
Cash overdraft	15,565	21,557
Loan from (distributions to) stockholder, net	59,592	68,506
Advances from non-related party	10,000
Net cash provided by (used in) financing activities	(34,027)	(46,949)
Net cash increase (decrease) in cash	7,438	(17,346)
Cash at beginning of period	9,090	31,151
Cash at end of period	16,528	13,805
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest
Cash paid for income taxes

XML

Nature Of Business And Basis Of Presentation

6 Months Ended

Jun. 30, 2016

Nature Of Business And Basis Of Presentation

Nature of Business and Basis of Presentation

NOTE 1 - NATURE OF BUSINESS AND BASIS OF PRESENTATION

Proto-Script Pharmaceuticals, Corp. (the “Company”) was incorporated under the laws of the state of California on June 27, 2001 and currently operates as PSP Homecare (dba). The Company has contracts with Medicare, Medi-Cal, IEHP and various other state and governmental insurance providers. These contracts provide the Company the right to sell and repair durable medical equipment (“DME”). The Company bills the insurance providers for payment. The Company’s primary business is to repair power wheelchairs and scooters which are classified as DME products and reimbursable by healthcare insurance providers.

The Company’s health care insurance contracts allow it the ability to service patients nationally. The Company is seeking to expand its market through additional contracts and open several repair facilities throughout the continental United States. Currently the Company has repair facilities in Las Vegas, Nevada, Rancho-Cucamonga, and Anaheim, California.

The unaudited interim condensed consolidated financial statements have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in the annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to such rules and regulations. These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes for the year ended December 31, 2015. The results of the six months ended June 30, 2016 are not necessarily indicative of the results to be expected for the full year ending December 31, 2016.

XML

Summary Of Significant Accounting Policies

6 Months Ended

Jun. 30, 2016

Payables and Accruals [Abstract]

Summary Of Significant Accounting Policies

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The accounting policies of an entity are the specific accounting principles and the methods of applying those principles that are judged by the management of the entity to be the most appropriate in the circumstances to present fairly financial position, cash flows, and results of operations in accordance with generally accepted accounting principles (GAAP) and that, accordingly, have been adopted for preparing the consolidated financial statements.

The accounting policies adopted by an entity can affect significantly the presentation of its financial position, cash flows, and results of operations. Accordingly, the usefulness of financial statements for purposes of making economic decisions about the entity depends significantly upon the user's understanding of the accounting policies followed by the entity.

Basis of Accounting

The Company’s consolidated financial statements are prepared using the accrual method of accounting. The Company elected a December 31, year-end.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Proto-Script Pharmaceuticals, Corp., a Nevada Corporation. All significant intercompany transactions and balances have been eliminated.

Cash

For purposes of the balance sheets and statements of cash flows, the Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. There were no cash equivalents as of June 30, 2016 and December 31, 2015.

Use of Estimates

Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates, assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Significant estimates made in connection with the accompanying consolidated financial statements include the estimation of fair values in connection with the analysis of intangible assets for impairment and estimated useful lives for intangible assets and property and equipment.

Concentration of Risk

The Company maintains various bank accounts at financial institutions located in California and Nevada. Accounts at each bank are temporarily insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. As of June 30, 2016 and December 31, 2015 the Company had no uninsured cash balances. The Company experienced no losses from such accounts and management believes it places its cash on deposit with financial institutions that are financially stable.

Accounts Receivable

Trade accounts receivable are stated at the amount the Company expects to collect. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Past due balances over 90 days and other higher risk amounts are reviewed individually for collectability. If the financial condition of the Company’s customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Based on management’s assessment, the Company provides for estimated uncollectible amounts through a charge to earnings and a credit to a valuation allowance. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. Bad debt expense (loss recovery) for the six months ended June 30, 2016 and 2015 was $0 and $0, respectively.

Collectability

The Company is governed by Medicare standards and therefore agrees to accept the Medicare-approved amounts as the total payment for the service or item. The Company also agrees to bill Medicare and other or suppliers directly on behalf of the patient.

We report patient accounts receivable net of estimated allowances for doubtful accounts and adjustments. Patient accounts receivable are uncollateralized and primarily consist of amounts due from Medicare, other third-party payers and patients. Our process for estimating the allowance for doubtful accounts is based upon our assessment of historical and expected net collections and trends in reimbursement. 

Revenue Recognition

The Company’s revenue recognition policies comply with FASB ASC Topic 605, “Revenue Recognition.” The Company recognizes revenue when it provided the services, shipped the products and billed its customers, insurance companies, and government agencies, and no other significant obligations of the Company exist and collectability is reasonably assured. The Company’s billings are subject to insurance company and government regulatory agency adjustments. The Company revises the amount of revenue recognized when the insurance company and government regulatory adjustments are known to the Company. The adjustments to the amounts the Company can bill are changed approximately every five years when the government asks companies to submit a new bid. There is approximately one year between the time the Company is notified of any price changes until the time the new amounts come into effect.

Inventory

The Company purchases inventory from third party vendors, which consists of wheelchairs and scooters. Inventory, when carried if at all, represents finished goods, which is stated at lower of cost or market. The Company periodically reviews the value of items held in inventory and provides for write-downs or write-offs based on its assessment of market conditions. Write-downs and write-offs are charged to cost of goods sold. The Company generally purchases product when it has a firm sales or service order. At June 30, 2016 and December 31, 2015, the Company had no inventory on hand.

Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted net cash flows of the operation to which the assets relate to the carrying amount. If the operation is determined to be unable to recover the carrying amount of its assets, then assets are written down first, followed by other long-lived assets of the operation to fair value. Fair value is determined based on discounted cash flows or appraised values, depending on the nature of the assets. As June 30, 2016 and December 31, 2015, there were no impairment losses recognized for long-lived assets

Property and Equipment

Property and equipment are stated at cost and consists of a delivery vehicle, furniture and equipment. Depreciation is computed on the straight-line basis over 60 months, the estimated useful life.

Property and equipment consists of:

	June 30,			December 31,
	2016			2015
Computers & Equipment	$	2,300		$	2,300
Furniture & Fixtures		1,584			1,584
Machinery & Equipment		4,430			4,430
Truck & Auto		15,282			15,282
Total		23,596			23,596
Less accumulated depreciation		(10,493	)		(8,155	)
Property and equipment, net	$	13,103		$	15,441

For the six months ended June 30, 2016 and 2015, the Company recognized $2,338 and $1,824 in depreciation expense, respectively.

Intangible assets

Intangible assets with finite lives are amortized over their estimated useful life. The Company monitors conditions related to these assets to determine whether events and circumstances warrant a revision to the remaining amortization period. The Company tests its intangible assets with finite lives for potential impairment whenever management concludes events or changes in circumstances indicate that the carrying amount may not be recoverable. The original estimate of an asset's useful life and the impact of an event or circumstance on either an asset's useful life or carrying value involves significant judgment.

During 2012, the Company purchased a competitor patient list for $230,000. The purchase price consisted of a cash payment of $35,000 and an installment purchase obligation of $195,000. At December 31, 2013, the installment purchase obligation was paid in full. The Company amortizes the patient list over its estimated useful life of 36 months.

During 2014, the Company purchased a competitor customer list for $10,000. Purchase price consisted of a cash payment of $10,000. The Company amortizes the customer list over its estimated useful life of 12 months.

Intangible assets consist of:

	June 30,			December 31,
	2016			2015
Patient list	$	230,000		$	230,000
Customer list		10,000			10,000
Total		240,000			240,000
Less accumulated amortization		(240,000	)		(240,000	)
Intangible assets, net	$	—		$	—

For the six months ended June 30, 2016 and 2015, the Company recognized $0 and $39,999 in amortization expense, respectively.

Income Taxes

The Company elected “S” corporation treatment for income tax purposes as provided for under §1362 of the Internal Revenue Code of 1986, as amended. An S corporation is generally not subject to federal income tax. During March 2015 the Company elected to terminate its “S” corporation status.

Income taxes are provided in accordance with ASC 740, Income Taxes. Deferred tax assets or liabilities are recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards available. Deferred tax expense (benefit) results from the net change during the period for its deferred tax assets and liabilities.

Deferred tax assets are reduced by valuation allowances when, in the opinion of management, it is more likely than not that some portion or all of its deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

No provision was made for Federal income tax nor minimum state franchise tax.

Earnings (Loss) per Share

Basic earnings (loss) per share is calculated by dividing the Company’s net income (loss) by the weighted average number of common shares during the period. Diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) by the diluted weighted average number of shares outstanding during such period. Diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or common stock equivalent. Diluted earnings (loss) per share are the same as basic income (loss) per share due to no dilutive items having been issued by the Company.

Recent Accounting Pronouncements

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASU 2014-09) , which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. The standard is effective for annual periods beginning after December 15, 2016, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). Early adoption is not permitted. The Company is currently evaluating the impact of the pending adoption of ASU 2014-09 on its consolidated financial statements and has not yet determined the method by which it will adopt the standard beginning January 1, 2017.

In August, 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. The amendment in this ASU defers the effective date of ASU No. 2014-09 for all entities for one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods with that reporting period.

In February, 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. ASU 2015-02 provides guidance on the consolidation evaluation for reporting organizations that are required to evaluate whether they should consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). ASU 2015-02 is effective for periods beginning December 15, 2015. The adoption of ASU 2015-02 is not expected to have a material effect on the Company’s consolidated financial statements. Early adoption is permitted.

In September, 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805). Topic 805 requires that an acquirer retrospectively adjust provisional amounts recognized in a business combination, during the measurement period. To simplify the accounting for adjustments made to provisional amounts, the amendments in the Update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date.  In addition an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU 2015-16 is effective for fiscal years beginning December 15, 2015. The adoption of ASU 2015-016 is not expected to have a material effect on the Company’s consolidated financial statements.

In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes. The new guidance requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. This update is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company does not anticipate the adoption of this ASU will have a significant impact on its financial position, results of operations, or cash flows.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The guidance in ASU No. 2016-02 supersedes the lease recognition requirements in ASC Topic 840, Leases (FAS 13). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases, along with additional qualitative and quantitative disclosures. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the effect this standard will have on its consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share Based Payment Accounting, to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance will be effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of the adoption of this newly issued guidance to its consolidated financial statements.

Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements.

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Stockholders' Equity

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Stockholders' Equity

NOTE 3 - STOCKHOLDERS’ EQUITY

The Company was formed with one class of common stock, no par and is authorized to issue 500,000 common shares. Voting rights are not cumulative and, therefore, the holders of more than 50% of the Company’s common stock could, if they chose to do so, elect all of the directors of the Company.

During 2012 the Company’s shareholders, which consists of 3 individuals acquired 100% of the Company’s issued and outstanding common stock from a prior shareholder in a private transaction.

On March 17, 2015, Michelle Rico, the Company’s CEO, purchased all of the outstanding shares from the other stockholders to become the sole stockholder of the Company.

As of June 30, 2016 and December 31, 2015, there were 100,000 shares of common stock issued and outstanding of the Company.

See Note 4 for distribution to stockholder.

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Loan To Stockholder

6 Months Ended

Jun. 30, 2016

Loan To Stockholder

Loan to Stockholder

NOTE 4 - LOAN TO STOCKHOLDER

The Company advances and borrows money from time to time to/from a related party. As of December 31, 2014, the Company was owed $161,770 from the Company’s CEO and stockholder. These advances are unsecured and carry no interest or repayment terms. Provision for loan to stockholder at December 31, 2014 was $135,973 resulting in a net balance of $25,797.

At September 30, 2015, the balance owed to the Company from its CEO was $100,046. At September 30, 2015, the Company’s board of directors approved such amount outstanding as a distribution to stockholder in compensation for services provided by the CEO. In addition, during the quarter ended December 31, 2015, the Company advanced the CEO and additional $15,980. At December 31, 2015, the Company’s board of directors approved $15,980 as a distribution to stockholder in compensation for services provided by the CEO. The total of $116,026 is reflected as a distribution to stockholder in the accompanying statement of changes in stockholders’ equity.

During the six months ended June 30, 2016, the Company made distributions to stockholder of $59,592.

The loan to stockholder balance at June 30, 2016 and December 31, 2015 was $0 and $0, respectively.

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Other Payables

6 Months Ended

Jun. 30, 2016

Other Payables

Other Payables

NOTE 5 - OTHER PAYABLES

During the year ended December 31, 2014 the Company received $65,826 from two non-related parties, in order to fund working capital expenses. In addition, during the six months ended June 30, 2016, the Company received and additional $10,000 from a non-related party. The amounts are unsecured and carry no interest rate or repayment terms. One of the non-related parties purchased a controlling interest in a publicly traded company. At June 30, 2016 and December 31, 2015, the amount outstanding was $75,826 and $65,826, respectively.

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Commitments And Contingencies

6 Months Ended

Jun. 30, 2016

Commitments And Contingencies

Commitments and Contingencies

NOTE 6 - COMMITMENTS AND CONTINGENCIES

The Company leases its office/warehouse space from various third parties.

• Rancho Cucamonga, California - $2,700/month. Combined office and warehouse space of approximately 4,000 sq. ft. The lease has expired and the Company continues to lease the office and warehouse space on a month-to-month basis.

• Las Vegas, Nevada - $1,370/month. Combined office and warehouse space of approximately 1,600 sq. ft. The lease has expired and the Company continues to lease the office and warehouse space on a month-to-month basis.

• Anaheim, California - $1,222/month. Combined office and warehouse space of approximately 950 sq. ft. The lease has expired and the Company continues to lease the office and warehouse space on a month-to-month basis.

For the six months ended June 30, 2016 and 2015, the Company recognized $44,539 and $43,197, respectively, in rental or lease expense included in selling, general and administrative expense.

Litigation

The Company is subject to other potential liabilities under government regulations and various claims and legal actions that may be asserted. Matters may arise in the ordinary course and conduct of the Company’s business, as well as through its acquisition of certain intangible assets. Claim estimates that are probable and can be reasonably estimated are reflected as liabilities of the Company. The ultimate resolution of these matters is subject to many uncertainties. It is reasonably possible that matters, which may be asserted, could ultimately be decided unfavorably for the Company. During the three months ended June 30, 2016 and 2015, the Company did not face any claims or litigation.

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Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Events

Subsequent Events

NOTE 7 - SUBSEQUENT EVENTS

In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to June 30, 2016 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

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Summary Of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2016

Summary Of Significant Accounting Policies Policies

Basis of Accounting

Basis of Accounting

The Company’s consolidated financial statements are prepared using the accrual method of accounting. The Company elected a December 31, year-end.

Principles of Consolidation

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Proto-Script Pharmaceuticals, Corp., a Nevada Corporation. All significant intercompany transactions and balances have been eliminated.

Cash

Cash

For purposes of the balance sheets and statements of cash flows, the Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. There were no cash equivalents as of June 30, 2016 and December 31, 2015.

Use of Estimates

Use of Estimates

Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates, assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Significant estimates made in connection with the accompanying consolidated financial statements include the estimation of fair values in connection with the analysis of intangible assets for impairment and estimated useful lives for intangible assets and property and equipment.

Concentration of Risk

Concentration of Risk

The Company maintains various bank accounts at financial institutions located in California and Nevada. Accounts at each bank are temporarily insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. As of June 30, 2016 and December 31, 2015 the Company had no uninsured cash balances. The Company experienced no losses from such accounts and management believes it places its cash on deposit with financial institutions that are financially stable.

Accounts Receivable

Accounts Receivable

Trade accounts receivable are stated at the amount the Company expects to collect. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Past due balances over 90 days and other higher risk amounts are reviewed individually for collectability. If the financial condition of the Company’s customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Based on management’s assessment, the Company provides for estimated uncollectible amounts through a charge to earnings and a credit to a valuation allowance. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. Bad debt expense (loss recovery) for the six months ended June 30, 2016 and 2015 was $0 and $0, respectively.

Collectability

Collectability

The Company is governed by Medicare standards and therefore agrees to accept the Medicare-approved amounts as the total payment for the service or item. The Company also agrees to bill Medicare and other or suppliers directly on behalf of the patient.

We report patient accounts receivable net of estimated allowances for doubtful accounts and adjustments. Patient accounts receivable are uncollateralized and primarily consist of amounts due from Medicare, other third-party payers and patients. Our process for estimating the allowance for doubtful accounts is based upon our assessment of historical and expected net collections and trends in reimbursement. 

Revenue Recognition

Revenue Recognition

The Company’s revenue recognition policies comply with FASB ASC Topic 605, “Revenue Recognition.” The Company recognizes revenue when it provided the services, shipped the products and billed its customers, insurance companies, and government agencies, and no other significant obligations of the Company exist and collectability is reasonably assured. The Company’s billings are subject to insurance company and government regulatory agency adjustments. The Company revises the amount of revenue recognized when the insurance company and government regulatory adjustments are known to the Company. The adjustments to the amounts the Company can bill are changed approximately every five years when the government asks companies to submit a new bid. There is approximately one year between the time the Company is notified of any price changes until the time the new amounts come into effect.

Inventory

Inventory

The Company purchases inventory from third party vendors, which consists of wheelchairs and scooters. Inventory, when carried if at all, represents finished goods, which is stated at lower of cost or market. The Company periodically reviews the value of items held in inventory and provides for write-downs or write-offs based on its assessment of market conditions. Write-downs and write-offs are charged to cost of goods sold. The Company generally purchases product when it has a firm sales or service order. At June 30, 2016 and December 31, 2015, the Company had no inventory on hand.

Long-Lived Assets

Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted net cash flows of the operation to which the assets relate to the carrying amount. If the operation is determined to be unable to recover the carrying amount of its assets, then assets are written down first, followed by other long-lived assets of the operation to fair value. Fair value is determined based on discounted cash flows or appraised values, depending on the nature of the assets. As June 30, 2016 and December 31, 2015, there were no impairment losses recognized for long-lived assets

Property and Equipment

Property and Equipment

Property and equipment are stated at cost and consists of a delivery vehicle, furniture and equipment. Depreciation is computed on the straight-line basis over 60 months, the estimated useful life.

Property and equipment consists of:

	June 30,			December 31,
	2016			2015
Computers & Equipment	$	2,300		$	2,300
Furniture & Fixtures		1,584			1,584
Machinery & Equipment		4,430			4,430
Truck & Auto		15,282			15,282
Total		23,596			23,596
Less accumulated depreciation		(10,493	)		(8,155	)
Property and equipment, net	$	13,103		$	15,441

For the six months ended June 30, 2016 and 2015, the Company recognized $2,338 and $1,824 in depreciation expense, respectively.

Intangible Assets

Intangible assets

Intangible assets with finite lives are amortized over their estimated useful life. The Company monitors conditions related to these assets to determine whether events and circumstances warrant a revision to the remaining amortization period. The Company tests its intangible assets with finite lives for potential impairment whenever management concludes events or changes in circumstances indicate that the carrying amount may not be recoverable. The original estimate of an asset's useful life and the impact of an event or circumstance on either an asset's useful life or carrying value involves significant judgment.

During 2012, the Company purchased a competitor patient list for $230,000. The purchase price consisted of a cash payment of $35,000 and an installment purchase obligation of $195,000. At December 31, 2013, the installment purchase obligation was paid in full. The Company amortizes the patient list over its estimated useful life of 36 months.

During 2014, the Company purchased a competitor customer list for $10,000. Purchase price consisted of a cash payment of $10,000. The Company amortizes the customer list over its estimated useful life of 12 months.

Intangible assets consist of:

	June 30,			December 31,
	2016			2015
Patient list	$	230,000		$	230,000
Customer list		10,000			10,000
Total		240,000			240,000
Less accumulated amortization		(240,000	)		(240,000	)
Intangible assets, net	$	—		$	—

For the six months ended June 30, 2016 and 2015, the Company recognized $0 and $39,999 in amortization expense, respectively.

Income Taxes

Income Taxes

The Company elected “S” corporation treatment for income tax purposes as provided for under §1362 of the Internal Revenue Code of 1986, as amended. An S corporation is generally not subject to federal income tax. During March 2015 the Company elected to terminate its “S” corporation status.

Income taxes are provided in accordance with ASC 740, Income Taxes. Deferred tax assets or liabilities are recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards available. Deferred tax expense (benefit) results from the net change during the period for its deferred tax assets and liabilities.

Deferred tax assets are reduced by valuation allowances when, in the opinion of management, it is more likely than not that some portion or all of its deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

No provision was made for Federal income tax nor minimum state franchise tax.

Earnings (Loss) Per Share

Earnings (Loss) per Share

Basic earnings (loss) per share is calculated by dividing the Company’s net income (loss) by the weighted average number of common shares during the period. Diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) by the diluted weighted average number of shares outstanding during such period. Diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or common stock equivalent. Diluted earnings (loss) per share are the same as basic income (loss) per share due to no dilutive items having been issued by the Company.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASU 2014-09) , which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. The standard is effective for annual periods beginning after December 15, 2016, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). Early adoption is not permitted. The Company is currently evaluating the impact of the pending adoption of ASU 2014-09 on its consolidated financial statements and has not yet determined the method by which it will adopt the standard beginning January 1, 2017.

In August, 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. The amendment in this ASU defers the effective date of ASU No. 2014-09 for all entities for one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods with that reporting period.

In February, 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. ASU 2015-02 provides guidance on the consolidation evaluation for reporting organizations that are required to evaluate whether they should consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). ASU 2015-02 is effective for periods beginning December 15, 2015. The adoption of ASU 2015-02 is not expected to have a material effect on the Company’s consolidated financial statements. Early adoption is permitted.

In September, 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805). Topic 805 requires that an acquirer retrospectively adjust provisional amounts recognized in a business combination, during the measurement period. To simplify the accounting for adjustments made to provisional amounts, the amendments in the Update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date.  In addition an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU 2015-16 is effective for fiscal years beginning December 15, 2015. The adoption of ASU 2015-016 is not expected to have a material effect on the Company’s consolidated financial statements.

In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes. The new guidance requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. This update is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company does not anticipate the adoption of this ASU will have a significant impact on its financial position, results of operations, or cash flows.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The guidance in ASU No. 2016-02 supersedes the lease recognition requirements in ASC Topic 840, Leases (FAS 13). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases, along with additional qualitative and quantitative disclosures. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the effect this standard will have on its consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share Based Payment Accounting, to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance will be effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of the adoption of this newly issued guidance to its consolidated financial statements.

Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements.

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Summary Of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Summary Of Significant Accounting Policies Tables

Schedule of Property and Equipment

Property and equipment consists of:

	June 30,			December 31,
	2016			2015
Computers & Equipment	$	2,300		$	2,300
Furniture & Fixtures		1,584			1,584
Machinery & Equipment		4,430			4,430
Truck & Auto		15,282			15,282
Total		23,596			23,596
Less accumulated depreciation		(10,493	)		(8,155	)
Property and equipment, net	$	13,103		$	15,441

Schedule of Intangible Assets

Intangible assets consist of:

	June 30,			December 31,
	2016			2015
Patient list	$	230,000		$	230,000
Customer list		10,000			10,000
Total		240,000			240,000
Less accumulated amortization		(240,000	)		(240,000	)
Intangible assets, net	$	—		$	—

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Summary Of Significant Accounting Policies (Schedule Of Property And Equipment) (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 23,596	$ 23,596
Less accumulated depreciation	10,493	8,155
Property and equipment, net	13,103	15,441
Computers & Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,300	2,300
Furniture & Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,584	1,584
Machinery & Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,430	4,430
Truck & Auto [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 15,282	$ 15,282

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Summary Of Significant Accounting Policies (Schedule Of Intangible Assets) (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 240,000	$ 240,000
Less accumulated amortization	240,000	240,000
Intangible assets, net
Patient List [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	230,000	230,000
Customer List [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 10,000	$ 10,000

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Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)

6 Months Ended

12 Months Ended

Jun. 30, 2016

Jun. 30, 2015

Dec. 31, 2014

Dec. 31, 2012

Cash insured FDIC Amount

$ 250,000

Bad debt expense

$ 0

$ 0

Patient List [Member]

Finite lived intangible asset purchase price

$ 230,000

Cash payment to acquire intangible assets

35,000

Installment purchase obligation of intangible assets

$ 195,000

Finite lived intangible assets, estimated useful life

36 months

Customer List [Member]

Finite lived intangible asset purchase price

$ 10,000

Cash payment to acquire intangible assets

$ 10,000

Finite lived intangible assets, estimated useful life

12 months

Intangible Assets [Member]

Amortization expense

$ 0

39,999

Property and Equipment [Member]

Property and equipment, depreciation method

Straight-line basis

Property and equipment, estimated useful life

P60M

Property and equipment, depreciation expense

$ 2,338

$ 1,824

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Stockholders' Equity (Narrative) (Details) - Common Stock [Member]

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2012

Common stock, voting rights

Voting rights are not cumulative and, therefore, the holders of more than 50% of the Company’s common stock could, if they chose to do so, elect all of the directors of the Company.

Three Individuals [Member]

Percentage of shares acquired by individuals from prior shareholder

100.00%

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Loan To Stockholder (Narrative) (Details) - Company's CEO And Stockholder [Member] - USD ($)

3 Months Ended

6 Months Ended

12 Months Ended

Dec. 31, 2015

Jun. 30, 2016

Dec. 31, 2015

Dec. 31, 2014

Sep. 30, 2015

Loan To Stockholder [Member]

Debt Instrument [Line Items]

Owed from the company CEO and stockholder

$ 100,046

Loan due to shareholders

$ 0

Advance to CEO

$ 15,980

$ 59,592

$ 116,026

Loan To Stockholder [Member]

Debt Instrument [Line Items]

Loan due to shareholders

$ 0

$ 0

Loans Receivable [Member]

Debt Instrument [Line Items]

Owed from the company CEO and stockholder

$ 161,770

Debt instrument description

These advances are unsecured and carry no interest or repayment terms.

Loan due to shareholders

$ 135,973

Net balance due to related party

$ 25,797

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Other Payables (Narrative) (Details) - USD ($)

6 Months Ended

12 Months Ended

Jun. 30, 2016

Jun. 30, 2015

Dec. 31, 2014

Dec. 31, 2015

Debt Instrument [Line Items]

Proceed to fund working capital expenses

$ 10,000

Other Payables [Member]

Debt Instrument [Line Items]

Debt instrument outstanding

75,826

$ 65,826

Other Payables [Member] | Two Non-Related Parties [Member]

Debt Instrument [Line Items]

Proceed to fund working capital expenses

$ 65,826

Debt instrument description

The amounts are unsecured and carry no interest rate or repayment terms.

Other Payables [Member] | Non-Related Party [Member]

Debt Instrument [Line Items]

Proceed to fund working capital expenses

$ 10,000

Debt instrument description

The amounts are unsecured and carry no interest rate or repayment terms.

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Commitments And Contingencies (Narrative) (Details) - USD ($)

6 Months Ended

Jun. 30, 2016

Jun. 30, 2015

Selling, General and Administrative Expenses [Member]

Other Commitments [Line Items]

Lease rental expense

$ 44,539

$ 43,197

Lease Agreement In Rancho Cucamong, California [Member]

Other Commitments [Line Items]

Lease cost, per month

$ 2,700

Lease description

Combined office and warehouse space of approximately 4,000 sq. ft. The lease has expired and the Company continues to lease the office and warehouse space on a month-to-month basis.

Lease Agreement In Las Vegas, Nevada [Member]

Other Commitments [Line Items]

Lease cost, per month

$ 1,370

Lease description

Combined office and warehouse space of approximately 1,600 sq. ft. The lease has expired and the Company continues to lease the office and warehouse space on a month-to-month basis.

Lease Agreement In Anaheim, California [Member]

Other Commitments [Line Items]

Lease cost, per month

$ 1,222

Lease description

Combined office and warehouse space of approximately 950 sq. ft. The lease has expired and the Company continues to lease the office and warehouse space on a month-to-month basis.