0001165527-16-000865.txt : 20160815 0001165527-16-000865.hdr.sgml : 20160815 20160815101323 ACCESSION NUMBER: 0001165527-16-000865 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 34 CONFORMED PERIOD OF REPORT: 20160630 FILED AS OF DATE: 20160815 DATE AS OF CHANGE: 20160815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ticket Corp. CENTRAL INDEX KEY: 0001570279 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 461838178 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-55547 FILM NUMBER: 161830586 BUSINESS ADDRESS: STREET 1: 1135 TERMINAL WAY, SUITE 209 CITY: RENO STATE: NV ZIP: 89502 BUSINESS PHONE: 775-352-3936 MAIL ADDRESS: STREET 1: 1135 TERMINAL WAY, SUITE 209 CITY: RENO STATE: NV ZIP: 89502 10-Q 1 g8281.txt 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 Commission file number 333-187544 TICKET CORP. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation or organization) 1135 Terminal Way, Suite 209 Reno, NV 89502 e-mail: info@ticketcorp.com (Address of principal executive offices, including zip code) Telephone (775) 352-3936 Fax (775) 201-8190 (Telephone number, including area code) Check whether the issuer (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 required to file such reports), and (2) has been subject to such filing requirements for the last 90 days. YES [X] NO [ ] Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YES [X] NO [ ] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer, "accelerated filer," "non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act. 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] State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 48,000,000 shares as of August 15, 2016 ITEM 1. FINANCIAL STATEMENTS TICKET CORP. (A DEVELOPMENT STAGE COMPANY) BALANCE SHEETS --------------------------------------------------------------------------------
Six Months Ended Year Ended June 30, 2016 December 31, 2015 ------------- ----------------- (Unaudited) (Audited) ASSETS CURRENT ASSETS Cash $ 2,871 $ 12,609 Accounts Receivable 18,056 1,866 Inventory -- -- Ticket Assignment Agreement 240,000 240,000 ---------- ---------- TOTAL CURRENT ASSETS 260,927 254,475 ---------- ---------- TOTAL ASSETS $ 260,927 $ 254,475 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES CURRENT LIABILITIES: Accounts Payable $ 23,974 $ 2,915 Interest Payable 3,800 2,600 Due to Related Party 95,100 60,100 ---------- ---------- TOTAL CURRENT LIABILITIES 122,874 65,615 LONG TERM LIABILITIES: Note Payable - Shareholder 240,000 240,000 ---------- ---------- TOTAL CURRENT LIABILITIES 240,000 240,000 TOTAL LIABILITIES 362,874 305,615 STOCKHOLDERS' EQUITY Common stock: authorized 100,000,000; $0.001 par value; 48,000,000 shares issued and outstanding at June 30, 2016 and December 31, 2015 34,500 34,500 Paid in capital 48,000 48,000 Deficit accumulated during the development stage (184,447) (133,640) ---------- ---------- TOTAL STOCKHOLDERS' EQUITY (101,947) (51,140) ---------- ---------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 260,927 $ 254,475 ========== ==========
The accompanying notes are an integral part of these financial statements 2 TICKET CORP. (A DEVELOPMENT STAGE COMPANY) STATEMENTS OF OPERATIONS (Unaudited) --------------------------------------------------------------------------------
From Inception Three Months Three Months Six Months Six Months (January 17, 2013) Ended Ended Ended Ended to June 30, June 30, June 30, June 30, June 30, 2016 2015 2016 2015 2016 ------------ ------------ ------------ ------------ ----------- REVENUES $ 20,141 $ 49,990 $ 44,990 $ 108,000 $ 328,143 ------------ ------------ ------------ ------------ ----------- TOTAL REVENUES 20,141 49,990 44,990 108,000 328,143 ------------ ------------ ------------ ------------ ----------- COST OF GOODS SOLD Beta Test Expense -- -- -- -- 372 Merchant Account Fees 386 987 987 -- 987 Purchases - Resale Tickets 16,125 32,156 30,880 79,079 214,575 ------------ ------------ ------------ ------------ ----------- TOTAL COST OF GOODS SOLD 16,511 33,143 31,867 79,079 215,934 ------------ ------------ ------------ ------------ ----------- GROSS PROFIT 3,630 16,847 13,123 28,921 112,208 ------------ ------------ ------------ ------------ ----------- OPERATING EXPENSES: General and administrative 42,168 62,730 62,730 28,335 292,855 Interest Expense 600 1,200 1,200 1,200 3,800 ------------ ------------ ------------ ------------ ----------- TOTAL EXPENSES 42,768 63,930 63,930 29,535 296,655 ------------ ------------ ------------ ------------ ----------- NET LOSS FOR THE PERIOD $ (39,139) $ (47,083) $ (50,807) $ (614) $ (184,447) ============ ============ ============ ============ =========== NET LOSS PER SHARE: BASIC AND DILUTED $ (0.001) $ (0.001) $ (0.001) $ (0.000) $ (0.004) ============ ============ ============ ============ =========== WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED 48,000,000 48,000,000 48,000,000 48,000,000 48,000,000 ============ ============ ============ ============ ===========
The accompanying notes are an integral part of these financial statements 3 TICKET CORP. (A DEVELOPMENT STAGE COMPANY) STATEMENTS OF CASH FLOWS (Unaudited) --------------------------------------------------------------------------------
From Inception Six Months Six Months (January 17, 2013) Ended Ended to June 30, June 30, June 30, 2016 2015 2016 --------- --------- ---------- Operating activities: Net profit (loss) $ (50,807) $ (614) $ (184,447) Adjustment to reconcile net loss to net cash provided by operations: Changes in assets and liabilities: Accounts Receivable (16,190) (23,000) (18,056) Inventory -- -- -- Ticket Assignment Agreement -- -- (240,000) Accounts Payable 21,059 14,018 23,974 Note Payable - Rheingrover -- -- 95,100 Interest Payable 1,200 1,200 3,800 --------- --------- ---------- Net cash provided by operating activities 6,069 (7,782) (319,629) --------- --------- ---------- Financing activities: Note Payable - Shareholder 35,000 -- 240,000 Capital stock -- -- 48,000 Additional Paid-in Capital -- -- 34,500 --------- --------- ---------- Net cash provided by financing activities 35,000 -- 322,500 --------- --------- ---------- Net increase in cash (9,738) (8,396) 2,871 Cash, beginning of period 12,609 30,577 -- --------- --------- ---------- Cash, end of period $ 2,871 $ 22,181 $ 2,871 ========= ========= ========== Supplemental disclosure of cash flow information: Cash paid during the period Taxes $ -- $ -- $ -- Interest $ -- $ -- $ -- ========= ========= ==========
The accompanying notes are an integral part of these financial statements 4 TICKET CORPORATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 2016 (Unaudited) NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS Ticket Corp. (the Company) was incorporated under the laws of the State of Nevada on January 17, 2013. The Company was formed to become a provider of tickets in the San Francisco Bay Area and a national provider of premium seats and entrance to concerts, sporting events, theatre and entertainment, including corporate and group ticketing, special events and promotions worldwide. The Company is in the development stage. Its activities to date have been limited to capital formation, organization, development of its business plan and limited revenue production. NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF ACCOUNTING The Company's financial statements are prepared using the accrual method of accounting. On November 1, 2014 the Board of Directors changed the year end of the Company from January 31 to December 31. BASIC LOSS PER SHARE ASC No. 260, "Earnings per Share", specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. The Company has adopted the provisions of ASC No. 260. Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company. CASH EQUIVALENTS The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. USE OF ESTIMATES AND ASSUMPTIONS The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring. INCOME TAXES Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry-forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. 5 TICKET CORPORATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 2016 (Unaudited) Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the 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. REVENUE The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured. NOTE 3. RECENT ACCOUNTING PRONOUCEMENTS The Company has evaluated all the recent accounting pronouncements through the date the financial statements were issued and filed with the Securities and Exchange Commission and believe that none of them will have a material effect on the Company's financial statements. NOTE 4. GOING CONCERN The accompanying financial statements are presented on a going concern basis. The Company had limited operations during the period from January 17, 2013 (date of inception) to June 30, 2016. This condition raises substantial doubt about the Company's ability to continue as a going concern. Management believes that the Company's current cash of $2871.30 plus current revenues is sufficient to cover the expenses they will incur during the next twelve months in a limited operations scenario. NOTE 5. RELATED PARTY TRANSACTIONS The sole officer and two directors of the Company may, in the future, become involved in other business opportunities as they become available, they may face a conflict in selecting between the Company and their other business opportunities. The Company has not formulated a policy for the resolution of such conflicts. As of June 30, 2016, $95,100 is owed to Russell Rhiengrover, CEO. $100 of the funds were loaned by him to the Company to open the bank account and is non-interest bearing with no specific repayment terms. $35,000 of the funds are the result of a 10% Convertible Note issued on September 3, 2015. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by September 3, 2016 or is convertible at the conversion price of $0.05 per common stock share. $25,000 of the funds are the result of a 10% Convertible Note issued on October 5, 2015. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by October 5, 2016 or is convertible at the conversion price of $0.05 per common stock share. 6 TICKET CORPORATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 2016 (Unaudited) $35,000 of the funds are the result of a 10% Convertible Note issued on April 30, 2016. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by April 30, 2017 or is convertible at the conversion price of $0.10 per common stock share. On December 17, 2014 the Company signed a Promissory Note in the amount of $240,000 with Russell Rheingrover. The note has an annual interest of 1.00%. The maturity date of the note is March 13, 2018. The note is associated with an Assignment Agreement between the Company and Mr. Rheingrover wherein Mr. Rheingrover assigned all of his rights to the Stadium Builders License Agreement with the Santa Clara Stadium Authority to purchase and resell tickets to San Francisco 49er's games with a fair market value of $80,000 per year for three years. The company has accrued $3,800 in interest on the note as of June 30, 2016. NOTE 6. STOCK TRANSACTIONS On January 31, 2013, the Company issued a total of 33,000,000 shares of common stock to its sole officer Russell Rhiengrover for cash in the amount of $0.001 per share for a total of $33,000. The company's Registration Statement on Form S-1 was declared effective on July 25, 2014. In October 2014 the company sold 15,000,000 shares of common stock to 50 independent shareholders at a price of $0.033 per share for total proceeds of $49,500, pursuant to the Registration Statement. As of March 31, 2016 the Company had 48,000,000 shares of common stock issued and outstanding. NOTE 7. STOCKHOLDERS' EQUITY The stockholders' equity section of the Company contains the following classes of capital stock as of June 30, 2016: Common stock, $ 0.001 par value: 100,000,000 shares authorized; 48,000,000 shares issued and outstanding. NOTE 8. SUBSEQUENT EVENTS The Company evaluated all other events or transactions that occurred after June 30, 2016 up through date the Company issued these financial statements and found no subsequent event that needed to be reported. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS The information contained in this prospectus, including in the documents incorporated by reference into this prospectus, includes some statements that are not purely historical and that are "forward-looking statements." Such forward-looking statements include, but are not limited to, statements regarding our Company and management's expectations, hopes, beliefs, intentions or strategies regarding the future, including our financial condition, results of operations, and the expected impact of the offering on the parties' individual and combined financial performance. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipates," "believes," "continue," "could," "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "seeks," "should," "will," "would" and similar expressions, or the negatives of such terms, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this prospectus are based on current expectations and beliefs concerning future developments and the potential effects on the parties and the transaction. There can be no assurance that future developments actually affecting us will be those anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the parties' control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. RESULTS OF OPERATIONS We have generated $328,143 in revenues since our inception on January 17, 2013. Our cost of goods sold was $215,934 resulting in a gross profit of $112,208. During the period from inception to June 30, 2016, our operating expenses were comprised of general and administrative expenses of $292,855 and interest expense of $3,800, resulting in a Net Loss of $184,447. THREE MONTHS ENDED JUNE 30, 2016 AND 2015 We generated $20,141 and $49,990 in revenues for the three months ending June, 2016 and 2015, respectively. Our cost of goods sold was $16,511 and $33,143, resulting in a gross profit of $3,630 and $16,847, respectively. We incurred operating expenses of $42,768 and $63,930 for the three months ended March 31, 2016 and 2015, respectively. These expenses consisted of general operating expenses incurred in connection with the day to day operation of our business and the preparation and filing of our periodic reports. 8 SIX MONTHS ENDED JUNE 30, 2016 AND 2015 We generated $44,990 and $108,000 in revenues for the six months ending June 30, 2016 and 2015, respectively. Our cost of goods sold was $31,867 and $79,079, resulting in a gross profit of $13,123 and $28,921, respectively. We incurred operating expenses of $63,930 and $29,535 for the six months ended June 30, 2016 and 2015, respectively. These expenses consisted of general operating expenses incurred in connection with the day to day operation of our business and the preparation and filing of our periodic reports. As of June 30, 2016, $95,100 is owed to Russell Rhiengrover, CEO. $100 of the funds were loaned by him to the Company to open the bank account and is non-interest bearing with no specific repayment terms. $35,000 of the funds are the result of a 10% Convertible Note issued on September 3, 2015. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by September 3, 2016 or is convertible at the conversion price of $0.05 per common stock share. $25,000 of the funds are the result of a 10% Convertible Note issued on October 5, 2015. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by October 5, 2016 or is convertible at the conversion price of $0.05 per common stock share. $35,000 of the funds are the result of a 10% Convertible Note issued on April 30, 2016. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by April 30, 2017 or is convertible at the conversion price of $0.05 per common stock share. As of June 30, 2016 the company had $18,056 in accounts receivable, $23,974 in accounts payable and $3,800 in interest payable. We received the initial equity funding of $33,000 from our sole officer, Russell Rheingrover, who purchased 33,000,000 shares of our common stock at $0.001 per share. The company's Registration Statement on Form S-1 was declared effective on July 25, 2014. In October 2014 the company sold 15,000,000 shares of common stock to 50 independent shareholders at a price of $0.033 per share for total proceeds of $49,500, pursuant to the Registration Statement. The company had 48,000,000 shares of common stock issued and outstanding as of June 30, 2016. The following table provides selected financial data about our Company for the period ended June 30, 2016. For detailed financial information, see the financial statements included in this report. Balance Sheet Data: 6/30/2016 ------------------- --------- Cash $ 2,871 Total assets $ 260,927 Total liabilities $ 362,874 Stockholder's equity $(101,947) 9 We are actively working to advance our business plan. We have generated $328,143 in revenue. We are an active development stage business. In order to implement the Company's business plan, the company has completed the following steps to date: 1. Purchased our domain name WWW.Ticketcorp.com in January 2013. 2. Retained a web designer as of February 2013 who has designed our company logo and website, which is currently an active website. 3. Built a database extension and electronic file system that allows us to store and search customer records. We intend to use this database to analyze our customer database to make selected recommendations for upcoming events. These were completed in April 2013. 4. Completed the design of its Mobile Live Event Application for use on iPhone and Android Phone operating systems. This application delivers an electronic ticket to customers' phones as well as performer videos, news and authentic merchandise. It allows scanners at event sites to scan the customers' phones and confirm the customers' valid ticket purchases for event entry without paper tickets. 5. Developed a feature for selling event merchandise through our Mobile Live Event Application. This allows us to send our customers a text code that allows them to purchase event merchandise without having to stand in line at post event sales booths. 6. We retained a U/I (user interface) engineer to implement a "native" smart phone interface focused on ease of use and efficient fulfillment. 7. We have created the product name for our app "Shindig" 8. We have developed a version of the app which is "skinable" in essence we can create a specific version of our app for an artist or team with the branding of "powered by Shindig. PLAN OF OPERATION FOR THE NEXT 12 MONTHS FIRST QUARTER Continue to execute on our Software Development of Shindig and Integration with our Website and adapting our software to work with multiple shopping carts. Complete user interface design for Shindig Complete logo design and graphics for application "Shindig" and "Powered by Shindig" Continue to cultivate and develop relationships with live event partners and merchandise. Continue to develop and execute relationships with live event and merchandising organizations in order to have authentic licensed apparel available through our applications. SECOND QUARTER Product Launch version 1.0 of mobile app shindig Marketing - Implement a social media marketing program in conjunction with a media launch and announcement of Shindig to plan to include partnership and performer announcements and press releases, contests and promotions, etc. to drive application downloads 10 THIRD QUARTER Launch the application on the Apple Store and Android Store for distribution to the broad consumer audience. Rollout the application with major artists and tours. Implement a build to order system with fulfillment partners. Also the company will launch customize merchandise program in conjunction with our fulfillment partners. Marketing - Public Relations Consultant to continue marketing plan to include stories and press releases, contests and promotions, and artist and tour announcements. FOURTH QUARTER Rollout our ability to deliver merchandise to the customer at their seat. Employ a manager of live events to manage the sub-contractors and ensure successful execution. The company should be driving a consistent and growing revenue stream for the app driven by: * eTicket sales * Sales of apparel and merchandise * Service fee for delivering merchandise at live events. Marketing - Public Relations Consultant to continue marketing plan to include stories and press releases, contests and promotions, etc. As we become successful in implementing this operational portion of the business plan and we continue to produce sales from the app or website, we intend to hire additional staff to handle increased demands, site monitoring, data entry, and customer support. There may be additional demands placed on the company for website development and a consequent need to broaden the management team. Depending on availability of funds and the opportunities available to the Company, we may hire marketing personnel to access additional sales and distribution channels. There is no guarantee that we will be able to obtain a substantial market share in this industry. LIQUIDITY AND CAPITAL RESOURCES Our assets at June 30, 2016 were $260,927 which included $2,871 in cash, $18,056 in accounts receivable and $240,000 in a Ticket Assignment Agreement. Management estimates our current monthly "burn rate" to be $7,000 and estimate our current cash and receivables will last until September 2016, if no additional revenues are realized. OFF-BALANCE SHEET ARRANGEMENTS We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors. 11 PART II. OTHER INFORMATION ITEM 4. CONTROLS AND PROCEDURES EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES Management maintains "disclosure controls and procedures," as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In connection with the preparation of this quarterly report on Form 10-Q, an evaluation was carried out by management, with the participation of the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of June 30, 2016. Based on that evaluation, management concluded, as of the end of the period covered by this report, that our disclosure controls and procedures were effective in recording, processing, summarizing, and reporting information required to be disclosed, within the time periods specified in the Securities and Exchange Commission's rules and forms. CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING As of the end of the period covered by this report, there have been no changes in the internal controls over financial reporting during the quarter ended June 30, 2016, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting subsequent to the date of management's last evaluation. ITEM 6. EXHIBITS The following exhibits are included with this quarterly filing. Those marked with an asterisk and required to be filed hereunder, are incorporated by reference and can be found in their entirety in our Registration Statement on Form S-1, filed under SEC File Number 333-187544, at the SEC website at www.sec.gov: Exhibit No. Description ----------- ----------- 3.1 Articles of Incorporation* 3.2 Bylaws* 31.1 Sec. 302 Certification of Principal Executive Officer 31.2 Sec. 302 Certification of Principal Financial Officer 32.1 Sec. 906 Certification of Principal Executive Officer 32.2 Sec. 906 Certification of Principal Financial Officer 101 Interactive data files pursuant to Rule 405 of Regulation S-T 12 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on this 15th day of August 2016. Ticket Corp., Registrant By: /s/ Russell Rheingrover -------------------------------------- Russell Rheingrover, CEO Principal Executive Officer, Secretary and Director By: /s/ Kristi Ann Nelson -------------------------------------- Kristi Ann Nelson CFO, Treasurer, Principal Financial Officer, Principal Accounting Officer and Director
/s/ Russell Rheingrover Principal Executive Officer & Director August 15, 2016 --------------------------- -------------------------------------- --------------- Russell Rheingrover Title Date /s/ Kristi Ann Nelson Principal Financial Officer & Director August 15, 2016 --------------------------- -------------------------------------- --------------- Kristi Ann Nelson Title Date /s/ Kristi Ann Nelson Principal Accounting Officer & Director August 15, 2016 --------------------------- -------------------------------------- --------------- Kristi Ann Nelson Title Date
13
EX-31.1 2 ex31-1.txt Exhibit 31.1 CERTIFICATION I, Russell Rheingrover, certify that: 1. I have reviewed this report on Form 10-Q. 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: a) Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent 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: August 15, 2016 /s/ Russell Rheingrover ------------------------------------- Russell Rheingrover President and Chief Executive Officer EX-31.2 3 ex31-2.txt Exhibit 31.2 CERTIFICATION I, Kristi Ann Nelson, certify that: 1. I have reviewed this report on Form 10-Q. 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: a) Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent 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: August 15, 2016 /s/ Kristi Ann Nelson -------------------------------------- Kristi Ann Nelson Chief Financial and Accounting Officer EX-32.1 4 ex32-1.txt Exhibit 32.1 CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Quarterly Report of Ticket Corp. (the "Company") on Form 10-Q for the period ending June 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Russell Rheingrover, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. IN WITNESS WHEREOF, the undersigned has executed this certification as of the 15th day of August, 2016. /s/ Russell Rheingrover ------------------------------------- Chief Executive Officer EX-32.2 5 ex32-2.txt Exhibit 32.2 CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Quarterly Report of Ticket Corp. (the "Company") on Form 10-Q for the period ending June 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Kristi Ann Nelson, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. IN WITNESS WHEREOF, the undersigned has executed this certification as of the 15th day of August, 2016. /s/ Kristi Ann Nelson ------------------------------------- Chief Financial Officer EX-101.INS 6 tick-20160630.xml 0001570279 us-gaap:ChiefExecutiveOfficerMember 2013-01-31 0001570279 us-gaap:ChiefExecutiveOfficerMember 2013-01-01 2013-01-31 0001570279 tick:ShareholderMember 2014-10-31 0001570279 tick:ShareholderMember 2014-10-01 2014-10-31 0001570279 us-gaap:ChiefExecutiveOfficerMember tick:PromissoryNoteMember 2014-12-17 0001570279 us-gaap:ChiefExecutiveOfficerMember tick:PromissoryNoteMember 2014-12-01 2014-12-17 0001570279 2015-04-01 2015-06-30 0001570279 2015-01-01 2015-06-30 0001570279 us-gaap:ConvertibleNotesPayableMember us-gaap:ChiefExecutiveOfficerMember 2015-09-03 0001570279 us-gaap:ConvertibleNotesPayableMember us-gaap:ChiefExecutiveOfficerMember 2015-10-05 0001570279 2015-12-31 0001570279 us-gaap:ConvertibleNotesPayableMember us-gaap:ChiefExecutiveOfficerMember 2016-04-30 0001570279 2016-04-01 2016-06-30 0001570279 2016-01-01 2016-06-30 0001570279 us-gaap:ChiefExecutiveOfficerMember 2016-01-01 2016-06-30 0001570279 2016-06-30 0001570279 us-gaap:ChiefExecutiveOfficerMember 2016-06-30 0001570279 2013-01-17 2016-06-30 0001570279 2016-08-15 0001570279 2014-12-31 0001570279 2015-06-30 xbrli:shares iso4217:USD iso4217:USDxbrli:shares xbrli:pure tick:Shareholder Ticket Corp. 0001570279 --12-31 Smaller Reporting Company 48000000 10-Q 2016-06-30 false 2016 Q2 12609 2871 30577 22181 1866 18056 240000 240000 254475 260927 254475 260927 2915 23974 2600 3800 60100 95100 95100 65615 122874 240000 240000 240000 240000 305615 362874 34500 34500 48000 48000 -133640 -184447 -51140 -101947 254475 260927 100000000 100000000 0.001 0.001 48000000 48000000 48000000 48000000 49990 108000 20141 44990 328143 49990 108000 20141 44990 328143 372 987 386 987 987 32156 79079 16125 30880 214575 33143 79079 16511 31867 215934 16847 28921 3630 13123 112208 62730 28335 42168 62730 292855 1200 1200 600 1200 3800 63930 29535 42768 63930 296655 -47083 -614 -39139 -50807 -184447 -0.001 -0.000 -0.001 -0.001 -0.004 48000000 48000000 48000000 48000000 48000000 23000 16190 18056 240000 14018 21059 23974 95100 1200 1200 3800 -319629 35000 100 240000 48000 34500 35000 322500 -8396 -9738 2871 <div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: bold; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">NOTE 1.&#160;&#160; ORGANIZATION AND DESCRIPTION OF BUSINESS</div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">Ticket Corp. 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The company has accrued $3,800 in interest on the note as of June 30, 2016.</div> </div> <div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: bold; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">NOTE 6.&#160; STOCK TRANSACTIONS</div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; 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white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">The company&#8217;s Registration Statement on Form S-1 was declared effective on July 25, 2014.&#160; In October 2014 the company sold 15,000,000 shares of common stock to 50 independent shareholders at a price of $0.033 per share for total proceeds of $49,500, pursuant to the Registration Statement.</div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">As of March 31, 2016 the Company had 48,000,000 shares of common stock issued and outstanding.</div> </div> <div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: bold; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">NOTE 7.&#160; STOCKHOLDERS&#8217; EQUITY</div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">The stockholders&#8217; equity section of the Company contains the following classes of capital stock as of June 30, 2016:</div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">Common stock, $ 0.001 par value: 100,000,000 shares authorized; 48,000,000 shares issued and outstanding.</div> </div> <div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: bold; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">NOTE 8.&#160; SUBSEQUENT EVENTS</div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">The Company evaluated all other events or transactions that occurred after June 30, 2016 up through date the Company issued these financial statements and found no subsequent event that needed to be reported.</div> </div> <div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;"><u>Basis of Accounting</u></div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">The Company&#8217;s financial statements are prepared using the accrual method of accounting.&#160; On November 1, 2014 the Board of Directors changed the year end of the Company from January 31 to December 31.</div> </div> <div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;"><u>Basic Loss per Share</u></div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">ASC No. 260, &#8220;Earnings per Share&#8221;, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.&#160;&#160; The Company has adopted the provisions of ASC No. 260.</div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding.&#160; Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company.</div> </div> <div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;"><u>Cash Equivalents</u></div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.</div> </div> <div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;"><u>Use of Estimates and Assumptions</u></div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring.</div> </div> <div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;"> <div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"><u>Income Taxes</u></div> <div>&#160;</div> <div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes.&#160; A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry-forwards.&#160; Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.</div> </div> <div style="line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.&#160; Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.</div> </div> <div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;"><u>Revenue</u></div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div style="text-align: left; line-height: normal; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;">The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured.</div> </div> 35000 25000 35000 240000 0.0100 2018-03-13 80000 P3Y 0.10 0.10 0.10 0.05 0.05 0.10 33000000 15000000 50 0.001 0.033 33000 49500 EX-101.SCH 7 tick-20160630.xsd 001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 002 - Statement - BALANCE SHEETS link:presentationLink link:definitionLink link:calculationLink 003 - Statement - BALANCE SHEETS (Parentheticals) link:presentationLink link:definitionLink link:calculationLink 004 - Statement - STATEMENTS OF OPERATIONS (Unaudited) link:presentationLink link:definitionLink link:calculationLink 005 - Statement - STATEMENTS OF CASH FLOWS (Unaudited) link:presentationLink link:definitionLink link:calculationLink 006 - Disclosure - ORGANIZATION AND DESCRIPTION OF BUSINESS link:presentationLink link:definitionLink link:calculationLink 007 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:definitionLink link:calculationLink 008 - Disclosure - RECENT ACCOUNTING PRONOUCEMENTS link:presentationLink link:definitionLink link:calculationLink 009 - Disclosure - GOING CONCERN link:presentationLink link:definitionLink link:calculationLink 010 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:definitionLink link:calculationLink 011 - Disclosure - STOCK TRANSACTIONS link:presentationLink link:definitionLink link:calculationLink 012 - Disclosure - STOCKHOLDERS' EQUITY link:presentationLink link:definitionLink link:calculationLink 013 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:definitionLink link:calculationLink 014 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:definitionLink link:calculationLink 015 - Disclosure - GOING CONCERN (Detail Textuals) link:presentationLink link:definitionLink link:calculationLink 016 - Disclosure - RELATED PARTY TRANSACTIONS (Detail Textuals) link:presentationLink link:definitionLink link:calculationLink 017 - Disclosure - STOCK TRANSACTIONS (Detail Textuals) link:presentationLink link:definitionLink link:calculationLink 018 - Disclosure - STOCKHOLDERS' EQUITY (Detail Textuals) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 8 tick-20160630_cal.xml EX-101.DEF 9 tick-20160630_def.xml EX-101.LAB 10 tick-20160630_lab.xml EX-101.PRE 11 tick-20160630_pre.xml XML 12 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Document and Entity Information - shares
6 Months Ended
Jun. 30, 2016
Aug. 15, 2016
Document And Entity Information [Abstract]    
Entity Registrant Name Ticket Corp.  
Entity Central Index Key 0001570279  
Current Fiscal Year End Date --12-31  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   48,000,000
Document Type 10-Q  
Document Period End Date Jun. 30, 2016  
Amendment Flag false  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q2  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash $ 2,871 $ 12,609
Accounts Receivable 18,056 1,866
Inventory
Ticket Assignment Agreement 240,000 240,000
Total Current Assets 260,927 254,475
TOTAL ASSETS 260,927 254,475
Current Liabilities:    
Accounts Payable 23,974 2,915
Interest Payable 3,800 2,600
Due to Related Party 95,100 60,100
Total Current Liabilities 122,874 65,615
Long Term Liabilities:    
Note Payable - Shareholder 240,000 240,000
Total Current Liabilities 240,000 240,000
TOTAL LIABILITIES 362,874 305,615
STOCKHOLDERS' EQUITY    
Common stock: authorized 100,000,000; $0.001 par value; 48,000,000 shares issued and outstanding at June 30, 2016 and December 31, 2015 34,500 34,500
Paid in capital 48,000 48,000
Deficit accumulated during the development stage (184,447) (133,640)
Total Stockholders' Equity (101,947) (51,140)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 260,927 $ 254,475
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
BALANCE SHEETS (Parentheticals) - $ / shares
Jun. 30, 2016
Dec. 31, 2015
Statement of Financial Position [Abstract]    
Common stock, shares authorized 100,000,000 100,000,000
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares issued 48,000,000 48,000,000
Common stock, shares outstanding 48,000,000 48,000,000
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 41 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Income Statement [Abstract]          
REVENUES $ 20,141 $ 49,990 $ 44,990 $ 108,000 $ 328,143
TOTAL REVENUES 20,141 49,990 44,990 108,000 328,143
COST OF GOODS SOLD          
Beta Test Expense         372
Merchant Account Fees 386 987 987   987
Purchases - Resale Tickets 16,125 32,156 30,880 79,079 214,575
TOTAL COST OF GOODS SOLD 16,511 33,143 31,867 79,079 215,934
GROSS PROFIT 3,630 16,847 13,123 28,921 112,208
Operating Expenses:          
General and administrative 42,168 62,730 62,730 28,335 292,855
Interest Expense 600 1,200 1,200 1,200 3,800
Total Expenses 42,768 63,930 63,930 29,535 296,655
Net loss for the period $ (39,139) $ (47,083) $ (50,807) $ (614) $ (184,447)
Net loss per share:          
Basic and diluted (in dollars per share) $ (0.001) $ (0.001) $ (0.001) $ (0.000) $ (0.004)
Weighted average number of shares outstanding:          
Basic and diluted (in shares) 48,000,000 48,000,000 48,000,000 48,000,000 48,000,000
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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended 41 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Operating activities:      
Net profit (loss) $ (50,807) $ (614) $ (184,447)
Changes in assets and liabilities:      
Accounts Receivable (16,190) (23,000) (18,056)
Inventory
Ticket Assignment Agreement     (240,000)
Accounts Payable 21,059 14,018 23,974
Note Payable - Rheingrover     95,100
Interest Payable 1,200 1,200 3,800
Net cash provided by operating activities     (319,629)
Financing activities:      
Note Payable - Shareholder 35,000   240,000
Capital stock     48,000
Additional Paid-in Capital     34,500
Net cash provided by financing activities 35,000   322,500
Net increase in cash (9,738) (8,396) 2,871
Cash, beginning of period 12,609 30,577  
Cash, end of period 2,871 22,181 2,871
Cash paid during the period      
Taxes
Interest
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ORGANIZATION AND DESCRIPTION OF BUSINESS
6 Months Ended
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION AND DESCRIPTION OF BUSINESS
NOTE 1.   ORGANIZATION AND DESCRIPTION OF BUSINESS
 
Ticket Corp. (the Company) was incorporated under the laws of the State of Nevada on January 17, 2013.  The Company was formed to become a provider of tickets in the San Francisco Bay Area and a national provider of premium seats and entrance to concerts, sporting events, theatre and entertainment, including corporate and group ticketing, special events and promotions worldwide.
 
The Company is in the development stage. Its activities to date have been limited to capital formation, organization, development of its business plan and limited revenue production.
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
Basis of Accounting
 
The Company’s financial statements are prepared using the accrual method of accounting.  On November 1, 2014 the Board of Directors changed the year end of the Company from January 31 to December 31.
 
Basic Loss per Share
 
ASC No. 260, “Earnings per Share”, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.   The Company has adopted the provisions of ASC No. 260.
 
Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding.  Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company.
 
Cash Equivalents
 
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
 
Use of Estimates and Assumptions
 
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring.
 
Income Taxes
 
Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes.  A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry-forwards.  Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.
 
Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the 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.
 
Revenue
 
The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured.
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
RECENT ACCOUNTING PRONOUCEMENTS
6 Months Ended
Jun. 30, 2016
Accounting Changes and Error Corrections [Abstract]  
RECENT ACCOUNTING PRONOUCEMENTS
NOTE 3.   RECENT ACCOUNTING PRONOUCEMENTS
 
The Company has evaluated all the recent accounting pronouncements through the date the financial statements were issued and filed with the Securities and Exchange Commission and believe that none of them will have a material effect on the Company’s financial statements.
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
GOING CONCERN
6 Months Ended
Jun. 30, 2016
Going Concern [Abstract]  
GOING CONCERN
NOTE 4.   GOING CONCERN
 
The accompanying financial statements are presented on a going concern basis.  The Company had limited operations during the period from January 17, 2013 (date of inception) to June 30, 2016.  This condition raises substantial doubt about the Company’s ability to continue as a going concern.  Management believes that the Company’s current cash of $2871.30 plus current revenues is sufficient to cover the expenses they will incur during the next twelve months in a limited operations scenario.
XML 21 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
NOTE 5.   RELATED PARTY TRANSACTIONS
 
The sole officer and two directors of the Company may, in the future, become involved in other business opportunities as they become available, they may face a conflict in selecting between the Company and their other business opportunities.  The Company has not formulated a policy for the resolution of such conflicts.
 
As of June 30, 2016, $95,100 is owed to Russell Rhiengrover, CEO.  $100 of the funds were loaned by him to the Company to open the bank account and is non-interest bearing with no specific repayment terms.
 
$35,000 of the funds are the result of a 10% Convertible Note issued on September 3, 2015.  Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by September 3, 2016 or is convertible at the conversion price of $0.05 per common stock share.
 
$25,000 of the funds are the result of a 10% Convertible Note issued on October 5, 2015.  Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by October 5, 2016 or is convertible at the conversion price of $0.05 per common stock share.
 
$35,000 of the funds are the result of a 10% Convertible Note issued on April 30, 2016.  Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by April 30, 2017 or is convertible at the conversion price of $0.10 per common stock share.
 
On December 17, 2014 the Company signed a Promissory Note in the amount of $240,000 with Russell Rheingrover.  The note has an annual interest of 1.00%.  The maturity date of the note is March 13, 2018.  The note is associated with an Assignment Agreement between the Company and Mr. Rheingrover wherein Mr. Rheingrover assigned all of his rights to the Stadium Builders License Agreement with the Santa Clara Stadium Authority to purchase and resell tickets to San Francisco 49er’s games with a fair market value of $80,000 per year for three years.  The company has accrued $3,800 in interest on the note as of June 30, 2016.
XML 22 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCK TRANSACTIONS
6 Months Ended
Jun. 30, 2016
Stock Transactions [Abstract]  
STOCK TRANSACTIONS
NOTE 6.  STOCK TRANSACTIONS
 
On January 31, 2013, the Company issued a total of 33,000,000 shares of common stock to its sole officer Russell Rhiengrover for cash in the amount of $0.001 per share for a total of $33,000.
 
The company’s Registration Statement on Form S-1 was declared effective on July 25, 2014.  In October 2014 the company sold 15,000,000 shares of common stock to 50 independent shareholders at a price of $0.033 per share for total proceeds of $49,500, pursuant to the Registration Statement.
 
As of March 31, 2016 the Company had 48,000,000 shares of common stock issued and outstanding.
XML 23 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
STOCKHOLDERS' EQUITY
NOTE 7.  STOCKHOLDERS’ EQUITY
 
The stockholders’ equity section of the Company contains the following classes of capital stock as of June 30, 2016:
 
Common stock, $ 0.001 par value: 100,000,000 shares authorized; 48,000,000 shares issued and outstanding.
XML 24 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
NOTE 8.  SUBSEQUENT EVENTS
 
The Company evaluated all other events or transactions that occurred after June 30, 2016 up through date the Company issued these financial statements and found no subsequent event that needed to be reported.
XML 25 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Basis of Accounting
Basis of Accounting
 
The Company’s financial statements are prepared using the accrual method of accounting.  On November 1, 2014 the Board of Directors changed the year end of the Company from January 31 to December 31.
Basic Loss per Share
Basic Loss per Share
 
ASC No. 260, “Earnings per Share”, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.   The Company has adopted the provisions of ASC No. 260.
 
Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding.  Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company.
Cash Equivalents
Cash Equivalents
 
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Use of Estimates and Assumptions
Use of Estimates and Assumptions
 
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring.
Income Taxes
Income Taxes
 
Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes.  A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry-forwards.  Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.
 
Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the 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.
Revenue
Revenue
 
The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured.
XML 26 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
GOING CONCERN (Detail Textuals) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
Going Concern [Abstract]        
Cash $ 2,871 $ 12,609 $ 22,181 $ 30,577
XML 27 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
RELATED PARTY TRANSACTIONS (Detail Textuals) - USD ($)
1 Months Ended 6 Months Ended 41 Months Ended
Dec. 17, 2014
Jun. 30, 2016
Jun. 30, 2016
Apr. 30, 2016
Dec. 31, 2015
Oct. 05, 2015
Sep. 03, 2015
Related Party Transaction [Line Items]              
Due to related party   $ 95,100 $ 95,100   $ 60,100    
Loan from related party   35,000 240,000        
Accrued interest   3,800 3,800   $ 2,600    
Russell Rhiengrover              
Related Party Transaction [Line Items]              
Due to related party   95,100 $ 95,100        
Loan from related party   $ 100          
Russell Rhiengrover | Convertible Note              
Related Party Transaction [Line Items]              
Convertible notes       $ 35,000   $ 25,000 $ 35,000
Rate of convertible note issued       10.00%   10.00% 10.00%
Conversion price (in dollars per share)       $ 0.10   $ 0.05 $ 0.05
Russell Rhiengrover | Promissory Note              
Related Party Transaction [Line Items]              
Promissory note amount $ 240,000            
Annual interest rate 1.00%            
Maturity date of note Mar. 13, 2018            
Fair market value of tickets $ 80,000            
License agreement term 3 years            
XML 28 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCK TRANSACTIONS (Detail Textuals)
1 Months Ended
Oct. 31, 2014
USD ($)
Shareholder
$ / shares
shares
Jan. 31, 2013
USD ($)
$ / shares
shares
Jun. 30, 2016
shares
Dec. 31, 2015
shares
Stock Transactions [Line Items]        
Common stock, shares issued     48,000,000 48,000,000
Common stock, shares outstanding     48,000,000 48,000,000
Russell Rhiengrover        
Stock Transactions [Line Items]        
Number of shares issued   33,000,000    
Per share amount of shares issued (in dollars per share) | $ / shares   $ 0.001    
Value of shares issued | $   $ 33,000    
Independent shareholders        
Stock Transactions [Line Items]        
Number of shares issued 15,000,000      
Number of independent shareholders | Shareholder 50      
Per share amount of shares issued (in dollars per share) | $ / shares $ 0.033      
Value of shares issued | $ $ 49,500      
XML 29 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY (Detail Textuals) - $ / shares
Jun. 30, 2016
Dec. 31, 2015
Equity [Abstract]    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized 100,000,000 100,000,000
Common stock, shares issued 48,000,000 48,000,000
Common stock, shares outstanding 48,000,000 48,000,000
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