Nevada
|
39-2080103
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(State or other jurisdiction of incorporation or organization)
|
(I.R.S. Employer Identification No.)
|
2005 Lakeshore Road
|
|
Sarnia, Ontario, Canada
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N7X 1G4
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(Address of principal executive offices)
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(Zip Code)
|
None
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N/A
|
Title of each class
|
Name of each exchange on which registered
|
Large accelerated filer
|
o (Do not check if a smaller reporting company)
|
Accelerated filer
|
o
|
|
Non-accelerated filer
|
o
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Smaller reporting company
|
x
|
●
|
the uncertainty that we will not be able to generate revenues from our website;
|
|
●
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risks related to the large number of established and well-financed entities that we are competing with;
|
●
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risks related to the failure to successfully manage or achieve growth of our business; and
|
|
●
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other risks and uncertainties related to our business strategy.
|
1.
|
We would not be able to pay our debts as they become due in the usual course of business; or
|
|
2.
|
Our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.
|
1.
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$40,000 in connection with our development of our website and marketing efforts;
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2.
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$10,000 for operating expenses, including professional legal and accounting expenses associated with our company being a reporting issuer under the Securities Exchange Act of 1934; and
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Year Ended
|
Period Ended
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|||||||||||
June 30,
|
June 30,
|
|||||||||||
2014
|
2013
|
|||||||||||
Revenue
|
$ | - | $ | - | ||||||||
Operating Expenses
|
40,035 | 5,360 | ||||||||||
Net Loss
|
$ | 40,035 | $ | 5,360 |
Year Ended
|
Period Ended
|
|||||||
June 30,
|
June 30,
|
|||||||
2014
|
2013
|
|||||||
General & Administrative
|
$
|
40,035
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$
|
5,360
|
||||
Total Expenses
|
$
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40,035
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5,360
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As at
|
As at
|
Percentage
|
||||||||||
June 30,
2014
|
June 30,
2013
|
Increase /
(Decrease)
|
||||||||||
Current Assets
|
$
|
6,335
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$
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46,345
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(86.3
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%)
|
||||||
Current Liabilities
|
$
|
980
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$
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605
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62
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%
|
||||||
Working Capital
|
$
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5,335
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$
|
45,740
|
(88.3
|
%)
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Year Ended
June 30,
2014
|
Period Ended
June30,
2013
|
Percentage
Increase /
(Decrease)
|
||||||||||
Cash used in Operating Activities
|
$ | 40,010 | $ | 4,755 | 741.4 | % | ||||||
Cash from Financing Activities
|
$ | - | $ | 51,100 | (100 | %) | ||||||
Net Increase (Decrease) in Cash
|
$ | (40,010 | ) | $ | 46,345 | (186.3 | %) |
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June 30,
|
June 30,
|
||||||
2014
|
2013
|
|||||||
Assets | ||||||||
Current assets
|
||||||||
Cash and cash equivalents
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$ | 6,335 | $ | 46,345 | ||||
Total current assets
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6,335 | 46,345 | ||||||
Other assets
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350 | - | ||||||
Total assets
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6,685 | 46,345 | ||||||
Liabilities and Stockholders’ Defecit
|
||||||||
Liabilities
|
||||||||
Accounts payable
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375 | - | ||||||
Loan payable to officer
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605 | 605 | ||||||
Current liabilities
|
605 | 605 | ||||||
Total liabilities
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980 | 605 | ||||||
Commitments and contingencies (Note 5)
|
||||||||
Stockholders’ deficit
|
||||||||
Preferred Stock, $.001 par value; 10,000,000 shares
|
||||||||
authorized; no shares issued and outstanding
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- | - | ||||||
Common Stock, $.001 par value; 65,000,000 shares
|
||||||||
authorized; 3,305,000 shares issued and outstanding
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3,305 | 3,305 | ||||||
Additional paid in capital
|
47,795 | 47,795 | ||||||
Accumulated deficit
|
(45,395 | ) | (5,360 | ) | ||||
Stockholders’ deficit
|
5,705 | 45,740 | ||||||
Total liabilities and stockholders’ deficit
|
$ | 6,685 | $ | 46,345 |
Period From
|
||||||||||||
Twelve Months Ended June 30,
|
Period Ended
June 30,
|
Inception
December 6, 2012 through
June 30,
|
||||||||||
2014
|
2013
|
2014
|
||||||||||
Operating expenses:
|
||||||||||||
General and administrative
|
$ | 40,035 | $ | 5,360 | $ | 45,395 | ||||||
Total operating expenses
|
40,035 | 5,360 | 45,395 | |||||||||
Net loss
|
$ | (40,035 | ) | $ | (5,360 | ) | $ | (45,395 | ) | |||
Basic and Diluted Loss Per Share
|
$ | (0.01 | ) | $ | (0.00 | ) | $ | (0.02 | ) | |||
Weighted average common shares
|
||||||||||||
outstanding - basic and diluted
|
3,305,000 | 1,509,293 | 2,686,891 |
$.001 Par Value
|
Additional
|
Total
|
||||||||||||||||||
Common Stock
|
Paid-in
|
|
Stockholders’
|
|||||||||||||||||
Shares
|
Amount
|
Capital
|
Accumulated Deficit
|
Equity
|
||||||||||||||||
Balance, December 6, 2012 (inception)
|
- | $ | - | $ | - | $ | - | $ | - | |||||||||||
Issuance of common stock for cash to officer
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1,500,000 | 1,500 | 13,500 | - | 15,000 | |||||||||||||||
Issuance of common stock for cash to third party investors
|
1,805,000 | 1,805 | 34,295 | - | 36,100 | |||||||||||||||
Net loss
|
- | - | - | (5,360 | ) | (5,360 | ) | |||||||||||||
Balance, June 30, 2013
|
3,305,000 | 3,305 | 47,795 | (5,360 | ) | 45,740 | ||||||||||||||
Net loss
|
- | - | - | (40,035 | ) | (40,035 | ) | |||||||||||||
Balance, June 30, 2014
|
3,305,000 | $ | 3,305 | $ | 47,795 | $ | (45,395 | ) | $ | 5,705 |
Twelve Months
Ended
June 30,
2014
|
Period
Ended
June 30,
2013
|
Period From
Inception,
December 6, 2012,
Through
June 30,
2014
|
||||||||||
Operating activities:
|
||||||||||||
Net loss
|
$ | (40,035 | ) | $ | (5,360 | ) | $ | (45,395 | ) | |||
Adjustments to reconcile net loss to cash used in operating activities:
|
||||||||||||
Changes in operating assets and liabilities:
|
||||||||||||
Other assets
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(350 | ) | - | (350 | ) | |||||||
Accounts payable
|
375 | 605 | 980 | |||||||||
Net cash used in operating activities
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(40,010 | ) | (4,755 | ) | (44,765 | ) | ||||||
Financing activities:
|
||||||||||||
Proceeds from the issuance of common stock
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- | 51,100 | 51,100 | |||||||||
Net cash provided by financing activities
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- | 51,100 | 51,100 | |||||||||
Net increase (decrease) in cash and cash equivalents
|
(40,010 | ) | 46,345 | 6,335 | ||||||||
Cash, beginning of period
|
46,345 | - | - | |||||||||
Cash, end of period
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$ | 6,335 | $ | 46,345 | $ | 6,335 | ||||||
Cash paid for income taxes
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$ | - | $ | - | $ | - | ||||||
Cash paid for interest
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$ | - | $ | - | $ | - |
Name
|
Age
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Position(s) and Office(s) Held
|
Term of Office
|
|||
Sheri Strangway
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50
|
President, Chief Executive Officer, Chief Financial Officer, Secretary and Director
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Since Inception
To Present
|
1.
|
any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;
|
|
2.
|
any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);
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3.
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being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; or
|
|
4.
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being found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.
|
●
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our principal executive officers;
|
|
●
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our most highly compensated executive officers who were serving as executive officers at the end of the year ended June 30, 2014; and
|
●
|
up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at the end of the most recently completed financial year, who we will collectively refer to as the named executive officers, for our years ended June 30, 2014 and 2013, are set out in the following summary compensation table:
|
SUMMARY COMPENSATION TABLE
|
|||||||||
Name
and Principal
Position
|
Year
|
Salary
($)
|
Bonus
($)
|
Stock
Awards
($)
|
Option
Awards
($) (4)
|
Non-
Equity
Incentive
Plan
Compensa-
tion
($)
|
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)
|
All
Other
Compensa
-tion
($)
|
Total
($)
|
Sheri Strangway(1)
President, Chief
Executive
Officer, Chief Financial
Officer Secretary and Director
|
2014
2013
|
Nil
Nil
|
Nil
Nil
|
Nil
Nil
|
Nil
Nil
|
Nil
Nil
|
Nil
Nil
|
Nil
Nil
|
Nil
Nil
|
(1)
|
Sheri Strangway has been our president, chief executive officer, chief financial officer, secretary and a director since Inception.
|
Title of class
|
Name and address of beneficial owner
|
Amount of beneficial ownership
|
Percent of class*
|
|||||||
Common
|
Sheri Strangway
2005 Lakeshore Rd
Sarnia, ON, Canada
N7X 1G4
|
1,500,000 | 45.39 | % | ||||||
Common
|
Total all executive officers and directors
|
1,450,000 | 47.39 | % | ||||||
Common
|
5% Shareholders
|
|||||||||
None
|
(1)
|
Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights.
|
(2)
|
The percentage of class is based on 3,305,000 shares of common stock issued and outstanding as of October 3, 2014.
|
(i)
|
Any of our directors or officers;
|
|
(ii)
|
Any person proposed as a nominee for election as a director;
|
|
(iii)
|
Any person who beneficially owns, directly or indirectly, shares carrying more than 5% of the voting rights attached to our outstanding shares of common stock;
|
(iv)
|
Any of our promoters; and
|
|
(v)
|
Any member of the immediate family (including spouse, parents, children, siblings and in- laws) of any of the foregoing persons.
|
Year Ended
June 30,
2014
|
Year Ended
June 30,
2013
|
|||||||
Audit Fees and Audit Related Fees
|
$
|
1,248
|
$
|
1,000
|
||||
Tax Fees
|
-
|
-
|
||||||
All Other Fees
|
-
|
-
|
||||||
Total
|
$
|
1,248
|
$
|
1,000
|
Exhibit
Number
|
Description
|
3.1
|
Articles of Incorporation (filed as an exhibit to our Form S-1 Registration Statement, filed on September 9, 2013)
|
3.2
|
Bylaws (filed as an exhibit to our Form S-1 Registration Statement, filed on September 9, 2013)
|
By:
|
/s/ Sheri Strangway
|
|
Sheri Strangway
|
||
President, Treasurer, Chief Executive Officer and
|
||
Chief Financial Officer
|
||
(Principal Executive Officer, Principal Accounting Officer
|
||
and Principal Financial Officer)
|
||
Date:
|
October 3, 2014
|
(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
|
(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.
|
By:
|
/s/ Sheri Strangway
|
||
Date: October 3, 2014
|
Name: Sheri Strangway
|
||
Title: President, Chief Executive Officer, Chief Financial Officer and Director
|
By:
|
/s/ Sheri Strangway
|
||
Date: October 3, 2014
|
Name: Sheri Strangway
|
||
Title: President, Chief Executive Officer, Chief Financial Officer and Director
|
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`L``00E#@``!#D!``!02P4&``````8`!@`:`@``T%$````` ` end
Note 3 Going Concern
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Notes | |
Note 3 Going Concern | Note 3 Going Concern
The accompanying financial statements have been prepared on a going concern basis, which assumes the Company will realize its assets and discharge its liabilities in the normal course of business. As reflected in the accompanying financial statements, the Company, a Development Stage Company, has a deficit accumulated of $45,395 during the development stage as of June 30, 2014. The Companys ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Managements plans include obtaining additional funds by equity financing through a reverse merger transaction and/or related party advances; however there is no assurance of additional funding being available. These conditions raise substantial doubt about the Companys ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might arise as a result of this uncertainty. |
Note 2 Summary of Significant Accounting Policies
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Notes | |
Note 2 Summary of Significant Accounting Policies | Note 2 Summary of Significant Accounting Policies
Cash
Cash includes cash on deposit at banking institutions as well as highly liquid short-term investments, with original maturities of three months or less.
Concentration of Risk
As of June 30, 2014 the Company maintained its cash account at one commercial bank. The cash balance at June 30, 2014 was within the FDIC coverage of deposits totaling $250,000 per owner.
Risks and Uncertainties
The Company intends to operate in an industry that is subject to rapid change. The Companys operations will be subject to significant risk and uncertainties including financial, operational, technological, regulatory, and other risks associated with a development stage company, including the potential risk of business failure.
Use of Estimates Our management has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with accounting principles generally accepted in the United States of America.
Net Loss per Share
Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. As of June 30, 2014 there were no common equivalent shares.
Research and Development Costs
The Company expenses research and development costs as incurred. |
BALANCE SHEETS (USD $)
|
Jun. 30, 2014
|
Jun. 30, 2013
|
---|---|---|
Current assets | ||
Cash and cash equivalents | $ 6,335 | $ 46,345 |
Total current assets | 6,335 | 46,345 |
Other assets | 350 | |
Total assets | 6,685 | 46,345 |
Liabilities | ||
Accounts payable | 375 | |
Loan payable to officer | 605 | 605 |
Current liabilities | 605 | 605 |
Total liabilities | 980 | 605 |
Commitments and contingencies | ||
Stockholders' deficit | ||
Common Stock | 3,305 | 3,305 |
Additional paid in capital | 47,795 | 47,795 |
Accumulated deficit | (45,395) | (5,360) |
Stockholders' deficit | 5,705 | 45,740 |
Total liabilities and stockholders' deficit | $ 6,685 | $ 46,345 |
STATEMENTS OF CASH FLOWS (USD $)
|
7 Months Ended | 12 Months Ended | 19 Months Ended |
---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2014
|
Jun. 30, 2014
|
|
Operating activities: | |||
Net loss | $ (5,360) | $ (40,035) | $ (45,395) |
Other assets (increase/decrease) | (350) | (350) | |
Accounts payable (increase/decrease) | 605 | 375 | 980 |
Net cash used in operating activities | (4,755) | (40,010) | (44,765) |
Financing activities: | |||
Proceeds from the issuance of common stock | 51,100 | 51,100 | |
Net cash provided by financing activities | 51,100 | 51,100 | |
Net increase (decrease) in cash and cash equivalents | 46,345 | (40,010) | 6,335 |
Cash, beginning of period | 46,345 | ||
Cash, end of period | $ 46,345 | $ 6,335 | $ 6,335 |
Note 3 Going Concern (Details) (USD $)
|
Jun. 30, 2014
|
Jun. 30, 2013
|
---|---|---|
Details | ||
Accumulated deficit | $ 45,395 | $ 5,360 |
Note 5 Stockholders' Equity (Details) (USD $)
|
7 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Jun. 30, 2014
|
|
Details | ||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, No Par Value | $ 0.001 | |
Common Stock, Shares Authorized | 65,000,000 | 65,000,000 |
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Issued | 3,305,000 | 3,305,000 |
Issuance of common stock for cash to officer, Shares | 1,500,000 | |
Issuance of common stock for cash to officer, Value | $ 15,000 | |
Issuance of common stock for cash to third party investors, Shares | 1,805,000 | |
Issuance of common stock for cash to third party investors, Value | $ 36,100 |
Note 1 Nature of Business
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Notes | |
Note 1 Nature of Business | Note 1 Nature of Business
Business Overview
Active With Me, Inc., (the Company), was incorporated in the State of Nevada on December 6, 2012 to create a web-based service that will offer travelers unique, relevant and user-friendly information on activity-based travel. Listings will be provided for product and service providers of interest to the activity-based traveler.
The Company intends to maximize listings on the website, increase the value to the consumer, and provide potential advertisers with an ability to inexpensively feature their services to a very wide and targeted audience.
Development Stage Company
The Company has been in the development stage since its formation on December 6, 2012. It has primarily engaged in raising capital to carry out its business plan. The Company expects to continue to incur significant operating losses and to generate negative cash flow from operating activities while it develops its operating plan. The Company's ability to eliminate operating losses and to generate positive cash flows in the future will depend upon a variety of factors, many of which it is unable to control. If the Company is unable to implement its business plan successfully, it may not be able to eliminate operating losses, generate positive cash flow, or achieve or sustain profitability, which would materially adversely affect its business, operations, and financial results, as well as its ability to make payments on any obligations it may incur.
The Company has not earned any revenue from operations since inception. Accordingly, the Companys activities have been accounted for as those of a "Development Stage Enterprise" as set forth in ASC 915, "Development Stage Entities." Among the disclosures required by ASC 915, are that the Companys financial statements be identified as those of a development stage company, and that the statements of operations, stockholders' equity and cash flows disclose activity since the date of the Company's inception. |
Statement of Financial Position - Parenthetical (USD $)
|
Jun. 30, 2014
|
Jun. 30, 2013
|
---|---|---|
Statement of Financial Position | ||
Preferred Stock, Par Value | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 65,000,000 | 65,000,000 |
Common Stock, Shares Issued | 3,305,000 | 3,305,000 |
Common Stock, Shares Outstanding | 3,305,000 | 3,305,000 |
Note 2 Summary of Significant Accounting Policies: Concentration of Risk (Policies)
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Policies | |
Concentration of Risk | Concentration of Risk
As of June 30, 2014 the Company maintained its cash account at one commercial bank. The cash balance at June 30, 2014 was within the FDIC coverage of deposits totaling $250,000 per owner. |
Document and Entity Information (USD $)
|
12 Months Ended | |
---|---|---|
Jun. 30, 2014
|
Dec. 31, 2013
|
|
Document and Entity Information: | ||
Entity Registrant Name | Active With Me Inc. | |
Document Type | 10-K | |
Document Period End Date | Jun. 30, 2014 | |
Amendment Flag | false | |
Entity Central Index Key | 0001582249 | |
Current Fiscal Year End Date | --06-30 | |
Entity Common Stock, Shares Outstanding | 33,050,000 | |
Entity Public Float | $ 3,305 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2014 | |
Document Fiscal Period Focus | FY |
Note 2 Summary of Significant Accounting Policies: Risks and Uncertainties (Policies)
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Policies | |
Risks and Uncertainties | Risks and Uncertainties
The Company intends to operate in an industry that is subject to rapid change. The Companys operations will be subject to significant risk and uncertainties including financial, operational, technological, regulatory, and other risks associated with a development stage company, including the potential risk of business failure. |
STATEMENTS OF OPERATIONS (USD $)
|
7 Months Ended | 12 Months Ended | 19 Months Ended |
---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2014
|
Jun. 30, 2014
|
|
Operating expenses: | |||
General and administrative | $ 5,360 | $ 40,035 | $ 45,395 |
Total operating expenses | 5,360 | 40,035 | 45,395 |
Net loss | $ (5,360) | $ (40,035) | $ (45,395) |
Basic and Diluted Loss Per Share | $ 0.00 | $ (0.01) | $ (0.02) |
Weighted average common shares outstanding - basic and diluted | 1,509,293 | 3,305,000 | 2,686,891 |
Note 6 Recent Accounting Pronouncements, Not Adopted
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Notes | |
Note 6 Recent Accounting Pronouncements, Not Adopted | Note 6 Recent Accounting Pronouncements, Not Adopted
On June 10, 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915). The amendments in this update remove the definition of a development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from U.S. GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows, and shareholders equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. Early adoption is permitted. The Company is evaluating the adoption of this accounting standard to determine what material impacts it may have on the financial statements and related disclosures. |
Note 5 Stockholders' Equity
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Notes | |
Note 5 Stockholders' Equity | Note 5 Stockholders Equity
Authorized Shares
The Companys Articles of Incorporation authorize the issuance of up to 10,000,000 shares of $0.001 par value preferred stock. As of June 30, 2014, there is no preferred stock outstanding.
The Companys Articles of Incorporation authorize the issuance of up to 65,000,000 shares of $0.001 par value common stock. As of June 30, 2014, there are 3,305,000 shares of $0.001 par value common stock issued and outstanding.
Issued and Outstanding Shares
During the period from December 6, 2012, to June 30, 2013, the Company issued 1,500,000 shares of its $.001 par value common stock to its Director, Chief Executive Officer, and President for cash in the amount of $15,000. There were no shares issued during the twelve months ended June 30, 2014.
During the period from December 6, 2012, to June 30, 2013, the Company issued 1,805,000 shares of its $.001 par value common stock for cash in the amount of $36,100 to 35 individual accredited investors. |
Note 4 Loan Payable To Officer (Details) (USD $)
|
Jun. 30, 2014
|
Jun. 30, 2013
|
---|---|---|
Details | ||
Loan payable to officer | $ 605 | $ 605 |
Note 2 Summary of Significant Accounting Policies: Use of Estimates (Policies)
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Policies | |
Use of Estimates | Use of Estimates Our management has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with accounting principles generally accepted in the United States of America. |
Note 1 Nature of Business: Development Stage Company (Policies)
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Policies | |
Development Stage Company | Development Stage Company
The Company has been in the development stage since its formation on December 6, 2012. It has primarily engaged in raising capital to carry out its business plan. The Company expects to continue to incur significant operating losses and to generate negative cash flow from operating activities while it develops its operating plan. The Company's ability to eliminate operating losses and to generate positive cash flows in the future will depend upon a variety of factors, many of which it is unable to control. If the Company is unable to implement its business plan successfully, it may not be able to eliminate operating losses, generate positive cash flow, or achieve or sustain profitability, which would materially adversely affect its business, operations, and financial results, as well as its ability to make payments on any obligations it may incur.
The Company has not earned any revenue from operations since inception. Accordingly, the Companys activities have been accounted for as those of a "Development Stage Enterprise" as set forth in ASC 915, "Development Stage Entities." Among the disclosures required by ASC 915, are that the Companys financial statements be identified as those of a development stage company, and that the statements of operations, stockholders' equity and cash flows disclose activity since the date of the Company's inception. |
Note 7 Subsequent Events
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Notes | |
Note 7 Subsequent Events | Note 7 Subsequent Events
Management has evaluated events through September 28, 2014, the date that the accompanying financial statements were issued, for transactions and other events that may require adjustment and/or disclosure. No material events were identified that require adjustment to the financial statements or additional disclosure. |
Note 1 Nature of Business: Business Overview (Policies)
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Policies | |
Business Overview | Business Overview
Active With Me, Inc., (the Company), was incorporated in the State of Nevada on December 6, 2012 to create a web-based service that will offer travelers unique, relevant and user-friendly information on activity-based travel. Listings will be provided for product and service providers of interest to the activity-based traveler.
The Company intends to maximize listings on the website, increase the value to the consumer, and provide potential advertisers with an ability to inexpensively feature their services to a very wide and targeted audience. |
Note 2 Summary of Significant Accounting Policies: Cash (Policies)
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Policies | |
Cash | Cash
Cash includes cash on deposit at banking institutions as well as highly liquid short-term investments, with original maturities of three months or less. |
Note 2 Summary of Significant Accounting Policies: Research and Development Costs (Policies)
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Policies | |
Research and Development Costs | Research and Development Costs
The Company expenses research and development costs as incurred. |
STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
|
Total
|
Common Stock
|
Additional Paid-in Capital
|
Accumulated Deficit
|
Total Stockholders' Equity
|
---|---|---|---|---|---|
Balance, Value at Dec. 05, 2012 | |||||
Issuance of common stock for cash to officer, Value | $ 15,000 | $ 1,500 | $ 13,500 | $ 15,000 | |
Issuance of common stock for cash to officer, Shares | 1,500,000 | 1,500,000 | |||
Issuance of common stock for cash to third party investors, Value | 36,100 | 1,805 | 34,295 | 36,100 | |
Issuance of common stock for cash to third party investors, Shares | 1,805,000 | 1,805,000 | |||
Net loss (profit/loss) | (5,360) | (5,360) | |||
Balance, Value at Jun. 30, 2013 | 3,305 | 47,795 | (5,360) | 45,740 | |
Balance, Shares at Jun. 30, 2013 | 3,305,000 | 3,305,000 | |||
Net loss (profit/loss) | (40,035) | (40,035) | |||
Balance, Value at Jun. 30, 2014 | $ 3,305 | $ 47,795 | $ (45,395) | $ 5,705 | |
Balance, Shares at Jun. 30, 2014 | 3,305,000 | 3,305,000 |
Note 4 Loan Payable To Officer
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Notes | |
Note 4 Loan Payable To Officer | Note 4 Loan Payable to Officer
On December 6, 2012, the Company received from its sole Director, President and shareholder, a loan of $605 which such proceeds were utilized to pay for initial organization costs of the Company. The loan is not secured, has no specific maturity date and the loan is expected to be repaid from future proceeds received by the Company. There are no other terms to the loan. The balance of the loan is $605 as of June 30, 2014 and June 30, 2013. |
Note 2 Summary of Significant Accounting Policies: Net Loss Per Share (Policies)
|
12 Months Ended |
---|---|
Jun. 30, 2014
|
|
Policies | |
Net Loss Per Share | Net Loss per Share
Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. As of June 30, 2014 there were no common equivalent shares. |