0001494733-17-000040.txt : 20170522 0001494733-17-000040.hdr.sgml : 20170522 20170519174017 ACCESSION NUMBER: 0001494733-17-000040 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 26 CONFORMED PERIOD OF REPORT: 20170331 FILED AS OF DATE: 20170522 DATE AS OF CHANGE: 20170519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Global Gard, Inc. CENTRAL INDEX KEY: 0001627631 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 320452183 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-203400 FILM NUMBER: 17859216 BUSINESS ADDRESS: STREET 1: 2360 CORPORATE CIRCLE SUITE 400 CITY: HENDERSON STATE: NV ZIP: 89074 BUSINESS PHONE: 1-702-553-4109 MAIL ADDRESS: STREET 1: 2360 CORPORATE CIRCLE SUITE 400 CITY: HENDERSON STATE: NV ZIP: 89074 10-Q 1 f10qmarch312017final.htm 10-Q MARCH 31 2017 - GLOBAL GARD INC 10Q March 2017



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:  

March 31, 2017

 

 

 

 

 

 

 

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

 

 

 

 

For the transition period from

___________

to

____________

 

 

 

 

 

 

 

 

Commission file number:

333-203400

 

 

 

 

 

 

 

 

 

Global Gard, Inc.

 

 

(Exact name of registrant as specified in its charter)

 

 

Nevada

 

 

32-0452183

 

(State or other jurisdiction of incorporation or organization)

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

 

 

 

 

 

 

 

509 Village no.12, Khok Kruad Sub-District, Mueang Nakhon Ratchasima District
Nakhon Ratchasima Province, 30280 Thailand

 

 

(Address of principal executive offices)   (Zip Code)

 

 

 

 

 

 

 

Registrant’s telephone number, including area code:

(702) 553-4109

 

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined by Rule 405 of the Securities Act.

 

Yes |_| No |X|

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     

 

Yes |X| No |_|

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).                                                                

 

Yes |X| No |_|

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer  [  ]

 Accelerated filer [   ]

Non-accelerated filer [   ]  (Do not check if a smaller reporting company)     

    Smaller reporting company [X]


Indicate by check mark whether the registrant is a shell company (as defined in rule 12b-2 of the Exchange Act).

 

Yes |X| No |_|

As of March 31, 2017, the aggregate value of voting and non-voting common equity held by non-affiliates was $11,744. The number of outstanding shares as of March 31, 2017 was 11,744,250 shares of common stock, $0.001 par value, issued and outstanding.










GLOBAL GARD, INC.


QUARTERLY REPORT

FORM 10-Q

INDEX

                                                                                   


PART I


 

 

Page Number

Item 1.

Financial Statements

3

Item 2

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

9

Item 3

Quantitative and Qualitative Disclosures about Market Risk

10

Item 4

Controls and Procedures

10

 

PART II


Item 1

Legal Proceedings

11

Item 2

Unregistered Sales of Equity Securities and Use of Proceeds

11

Item 3

Defaults upon Senior Securities

11

Item 4

(Removed and Reserved)

11

Item 5

Other Information

11

Item 6

Exhibits

11































2





 

 

 

 

 

 

 

GLOBAL GARD, INC

 

 

CONDENSED FINANCIAL STATEMENTS

 

March 31, 2017

 

Unaudited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CONDENSED BALANCE SHEETS

 

CONDENSED STATEMENTS OF OPERATIONS

 

CONDENSED STATEMENTS OF CASH FLOWS

 

NOTES TO UNAUDITED CONDENSED INTERIM AUDITED FINANCIAL STATEMENTS

 

 

March 31, 2017

 

December 31, 2016

ASSETS

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

Cash

$

23

$

5,225

TOTAL CURRENT ASSETS

$

23

$

5,225

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

Accounts payable and accrued liabilities

$

4,150

$

7,650

Due to related party

 

11,550

 

8,000

TOTAL CURRENT LIABILITIES

$

15,700

$

15,650

 

 

 

 

 

STOCKHOLDERS' EQUITY (DEFICIT)

 

 

 

 

Capital stock

 

 

 

 

Authorized

 

 

 

 

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

 

 

 

 

Issued and outstanding

 

 

 

 

        11,744,250 shares at March 31, 2017 and at December 31, 2016

$

11,744

$

11,744

        Additional Paid in Capital

 

4,641

 

4,641

Accumulated Deficit

 

(32,062)

 

(26,810)

TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)

$

(15,677)

$

(10,425)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/ (DEFICIT)

$

23

$

5,225


The accompanying notes are an integral part of these financial statements















4




GLOBAL GARD, INC.


CONDENSED STATEMENTS OF OPERATIONS

Unaudited






 

 

3 months

ended

 

3 months ended

 

 

March 31, 2017

 

March 31, 2016

REVENUE

 

 

 

 

 

 

 

 

 

Revenues

$

-    

$

-    

Total Revenues

$

-    

$

-    

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

 

 

Office and general

$

1,002

$

55

Professional Fees

 

4,250

 

4,250

Total Expenses, before provision of income taxes

$

5,252

$

4,305

 

 

 

 

 

Provision for income taxes

 

-

 

-

NET LOSS

$

(5,252)

$

(4,305)

 

 

 

 

 

BASIC AND DILUTED LOSS PER COMMON SHARE

$

-    

$

-    

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING

 

11,744,250

 

11,500,000


The accompanying notes are an integral part of these financial statements



















5





GLOBAL GARD, INC.


CONDENSED STATEMENTS OF CASH FLOWS

Unaudited




 

 

3 months ended

 

3 months ended

 

 

March 31, 2017

 

March 31, 2016

 

 

 

 

 

OPERATING ACTIVITIES

 

 

 

 

     Net loss

$

(5,252)

$

(4,305)

     Adjustment to reconcile net loss to net cash

 

 

 

 

     used in operating activities:

 

 

 

 

     Expenses paid on company's behalf by related party

 

-    

 

-    

     Increase (decrease) in accrued expenses

 

(3,500)

 

750

 

 

 

 

 

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES

$

(8,752)

$

(3,555)

 

 

 

 

 

FINANCING ACTIVITIES

 

 

 

 

     Proceeds from sale of common stock

 

-    

 

 

     Loan from related party

 

3,550

 

-

 

 

 

 

 

NET CASH PROVIDED BY FINANCING ACTIVITIES

$

3,550

$

-

 

 

 

 

 

NET INCREASE (DECREASE) IN CASH

$

(5,202)

$

(3,555)

 

 

 

 

 

CASH, BEGINNING OF PERIOD

$

5,225

$

4,258

 

 

 

 

 

CASH, END OF PERIOD

$

23

$

703

 

 

 

 

 

Supplemental cash flow information and noncash financing activities:

 

 

Cash paid for:

 

 

 

 

Interest

$

-    

$

-    

 

 

 

 

 

Income taxes

$

-    

$

-    


The accompanying notes are an integral part of these financial statements







6





GLOBAL GARD, INC


NOTES TO THE UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS


March 31, 2017


NOTE 1 – CONDENSED FINANCIAL STATEMENTS


The Company was incorporated in the State of Nevada as a for-profit Company on July 16, 2014 and established a fiscal year end of December 31. The Company intends to develop security applications for smartphones (apps).  We have not developed any apps.


All activities of the Company to date relate to its organization, initial funding and share issuances.


In the opinion of management, the accompanying balance sheets and related interim statements of income, cash flows, and stockholders’ equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).  Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions.


Interim results are not necessarily indicative of results for a full year.  The information included in this Form 10-Q should be read in conjunction with information included in the Form 10-K.


NOTE 2 – GOING CONCERN


The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.  This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $15,677, an accumulated deficit of $32,062. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company.  There can be no assurance that the Company will be successful in either situation in order to continue as a going concern.  The Company is funding its initial operations by way of issuing Founder’s shares.


The officers and directors have committed to advancing certain operating costs of the Company, including Legal, Audit, Transfer Agency and Edgarizing costs.


NOTE 3 - CAPITAL STOCK


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


On July 16, 2014, the Company issued 1,435,000 Founder's shares for cash at $0.001 per share. On August 18, 2014 the Company issued a further 10,065,000 Founder's shares for cash at $0.001 per share.


On March 31, 2017 and on December 31, 2016, the Company had 11,744,250 common shares issued and outstanding.




7





GLOBAL GARD, INC


NOTES TO THE UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS


March 31, 2017


NOTE 3 - CAPITAL STOCK (continued)


As of March 31, 2017, the Company has not granted any stock options and has not recorded any stock-based compensation.


NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS


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


NOTE 5 - SUBSEQUENT EVENTS


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
































8




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


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


Summary Information


Global Gard, Inc. (GG, we, the Company) was incorporated in the State of Nevada as a for-profit Company on July 16, 2014 and established December 31st as its fiscal year end. We are a development-stage Company that intends to develop security applications for smartphones (apps). We have not yet developed any app.


Our first app to be developed is called G.G.App, intended to be used in dangerous situations and moments of panic or distress. Our to-be-developed app would alert the user’s family and friends ("observers") in possible moments of danger. It may also be used to call Emergency Services such as the Police, Fire Department or Medical Services. We plan to develop two modes of operation: “Stealth Mode” and “Caution Mode”. The Company anticipates that it will not be able to offer the Global Guard application through the Apple’s Apps store as the Company’s application will require its users to Jail Break their IPhones, the Company anticipates it will be able to offer its G.G.APP on the Google Play store as Android phones will not need to be Jail Broken and or Rooted.


Global Gard, Inc. has no plans to change its business activities or partner with another business and is not aware of any circumstances or events that might cause this plan to change.


As of the date of this quarterly report, we have not yet developed our systems and services. The Company has not yet implemented its business model and to date has generated no revenues.


We have been unable to raise additional funds to implement our operations, and we do not believe that we currently have sufficient resources to do so without additional funding. As a result, our Board of Directors has begun to analyze strategic alternatives available to our Company to continue as a going concern, such alternatives include raising additional debt or equity.

GG has no plans to change its business activities or partner with another business and is not aware of any circumstances or events that might cause this plan to change.


Results of Operations


Revenue


We did not generate any revenue during the three month periods ending March 31, 2017.  


Expenses


We incurred expenses in the amount of $5,252 during the three month period ending March 31, 2017 and $4,305 during the three month period ending March 31, 2016.



9




Net Loss


We incurred a net loss of $5,252 and $4,305 during the three month periods ending March 31, 2017 and 2016, respectively.


Liquidity and Capital Resources


As of March 31, 2017, we had $23 in cash, with liabilities of $15,700, as compared to $5,225 in cash and $15,650 in liabilities at December 31, 2016. On March 2017 the Company received as a loan from Phiraphat Siwarirat the amount of $3,550 and during the last quarter ended March 31, 2017 Global Gard paid expenses related to auditor, accounting and transfer agent services associated with last filing audit report. Our current cash holdings will not satisfy our liquidity requirements and we will require additional financing to pursue our planned business activities.  


As of March 31, 2017 and December 31, 2016, the Company has received $11,550 and $8,000, respectively, in loans and payment of expenses from a related party. The loans are payable on demand and without interest. The funds provided to the Company by the former President and current President have no interest and no fixed repayment date.



Off-balance sheet arrangements


Other than the situation described in the section titled Capital Recourses and Liquidity, the company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the company’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the company is a party, under which the company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.


Item 3. Quantitative and Qualitative Disclosures about Market Risk

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.


Item 4. Controls and Procedures


Disclosure Controls and Procedures


Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to management including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.




10



In connection with this quarterly report, as required by Rule 15d-15 under the Securities Exchange Act of 1934, we have carried out an evaluation of the effectiveness of the design and operation of our company's disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our company's management, including our company's principal executive officer and principal financial officer. Based upon that evaluation, our company's principal executive officer and principal financial officer concluded that subject to the inherent limitations noted in this Part II, Item 9A(T) as of March 31, 2017, our disclosure controls and procedures were not effective due to the existence of material weaknesses in our internal controls over financial reporting.


Changes in Internal Control Over Financial Reporting


There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended March 31, 2017 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.


PART II - OTHER INFORMATION


Item 1. Legal Proceedings


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

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds


        None.


Item 3. Defaults Upon Senior Securities


        None


Item 4. (Removed and Reserved)


Item 5. Other Information

None


Item 6. Exhibits.


3(i)

Articles of Incorporation*

3(ii)

Bylaws*

31.1

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

31.2

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

32.1

Section 1350 Certification of Chief Executive Officer

32.2

Section 1350 Certification of Chief Financial Officer ***

101

Interactive Data Files




11



(*) Incorporated by reference to the Registrant’s Registration Statement on Form S-1 (File No. 333-203400), filed with the Securities and Exchange Commission on April 14, 2015.

(**) Included in Exhibit 31.1

(***) Included in Exhibit 32.1

                                   

Signatures


In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Global Gard, Inc.

/s/ Phiraphat Siwarirat

Phiraphat Siwarirat

President and Director

Principal Executive Officer

Principal Financial Officer

Principal Accounting Officer



Dated:  May 19, 2017




12



 EX-31 2 exhibit31.htm RULE 13(A)-14(A)/15(D)-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER Exhibit31




Exhibit 31.1                                                           




CERTIFICATION




I, Phiraphat Siwarirat, certify that:


1. I have reviewed this Quarterly Report on Form 10-Q of Global Gard, Inc. for the period ended March 31, 2017;


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


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


4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:


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


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


c)    Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d)    Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (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. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):




a)  all significant deficiencies and material weaknesses in the design or operation of internal controls 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;





Global Gard, Inc.

/s/ Phiraphat Siwarirat

Phiraphat Siwarirat

President and Director

Principal Executive Officer

Principal Financial Officer

Principal Accounting Officer




  Date:  May 19, 2017






 EX-32 3 exhibit32.htm SECTION 1350 CERTIFICATION OF CHIEF EXECUTIVE OFFICER Exhibit32

                                                                                                                                                                   

Exhibit 32.1                                                           



CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002




In connection with the Quarterly Report on Form 10-Q for the period ended March 31, 2017 of Global Gard, Inc., a Nevada corporation (the “Company”), as filed with the Securities and Exchange Commission on the date hereof (the “Annual Report”), I, Phiraphat Siwarirat, Chairman, President and Chief Financial Officer of the Company certify, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:


1. The Quarterly Report fully complies with the requirements of Section 13(a) or15(d) of the Securities and Exchange Act of 1934, as amended; and


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


Global Gard, Inc.

/s/ Phiraphat Siwarirat

Phiraphat Siwarirat

President and Director

Principal Executive Officer

Principal Financial Officer

Principal Accounting Officer



  Date:  May 19, 2017







 EX-101.INS 4 gg-20170331.xml XBRL INSTANCE DOCUMENT 23 5225 23 5225 23 5225 4150 7650 11550 8000 15700 15650 15700 15650 11744 11744 4641 4641 -32062 -26810 -15677 -10425 23 5225 0.001 0.001 200000000 200000000 11744250 11744250 11744250 11744250 1002 55 4250 4250 5252 4305 -5252 -4305 11744250 11500000 10-Q 2017-03-31 false Global Gard, Inc. 0001627631 gg --12-31 11744250 11744 Smaller Reporting Company Yes Yes No 2017 Q1 -5252 -4305 -3500 750 -8752 -3555 3550 3550 -5202 -3555 5225 4258 23 703 <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 1 &#150; CONDENSED FINANCIAL STATEMENTS</font></b></p> <p style='margin:0cm;margin-bottom:.0001pt;text-align:justify'><font lang="EN-US">The Company was incorporated in the State of Nevada as a for-profit Company on July 16, 2014 and established a fiscal year end of December 31. </font><font lang="EN-US">The Company intends to develop security applications for smartphones (apps).&#160; We have not developed any apps.</font></p> <p style='margin:0cm;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0cm;margin-bottom:.0001pt;text-align:justify'><font lang="EN-US">All activities of the Company to date relate to its organization, initial funding and share issuances.</font></p> <p style='margin:0cm;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0cm;margin-bottom:.0001pt;text-align:justify'><font lang="EN-US">In the opinion of management, the accompanying balance sheets and related interim statements of income, cash flows, and stockholders&#146; equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in accordance with accounting principles generally accepted in the United States of America (&#147;US GAAP&#148;).&#160; Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management&#146;s estimates and assumptions.</font></p> <p style='margin:0cm;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0cm;margin-bottom:.0001pt;text-align:justify'><font lang="EN-US">Interim results are not necessarily indicative of results for a full year.&#160; The information included in this Form 10-Q should be read in conjunction with information included in the Form 10-K</font><font lang="EN-US">.</font></p> <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 2 &#150; GOING CONCERN</font></b></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">The Company&#146;s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.&#160; This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of </font><font lang="EN-US">$15,677</font><font lang="EN-US">, an accumulated deficit of </font><font lang="EN-US">$32,062</font><font lang="EN-US"> . The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company.&#160; There can be no assurance that the Company will be successful in either situation in order to continue as a going concern.&#160; The Company is funding its initial operations by way of issuing Founder&#146;s shares.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">The officers and directors have committed to advancing certain operating costs of the Company, including Legal, Audit, Transfer Agency and Edgarizing costs.</font></p> <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 3 - CAPITAL STOCK</font></b></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'>&nbsp;</p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">The Company&#146;s capitalization is </font><font lang="EN-US">200,000,000 </font><font lang="EN-US">common shares with a par value of </font><font lang="EN-US">$0.001</font><font lang="EN-US"> per share.&#160; No preferred shares have been authorized or issued.</font></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">On July 16, 2014, the Company issued </font><font lang="EN-US">1,435,000 </font><font lang="EN-US">Founder&#146;s shares for cash at </font><font lang="EN-US">$0.0001 </font><font lang="EN-US">per share. On August 18, 2014 the Company issued a further</font><font lang="EN-US"> 10,065,000 </font><font lang="EN-US">Founder&#146;s shares for cash at </font><font lang="EN-US">$0.001 </font><font lang="EN-US">per share. </font></p> <p style='margin:0cm;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">On March 31, 2017 and on December 31, 2016, the Company had </font><font lang="EN-US">11,744,250</font><font lang="EN-US"> &#160;common shares issued and outstanding.</font></p> <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS</font></b></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company&#146;s financial statement.</font></p> <!--egx--><p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><b><font lang="EN-US">NOTE 5 - SUBSEQUENT EVENTS</font></b></p> <p style='margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%'><font lang="EN-US">The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and has determined that there are no further events to disclose.</font></p> 15677 32062 200000000 0.001 1435000 0.0001 10065000 0.001 11744250 11744250 0001627631 2016-06-30 0001627631 2017-01-01 2017-03-31 0001627631 2017-03-31 0001627631 2016-12-31 0001627631 2016-01-01 2016-03-31 0001627631 2014-07-16 0001627631 2014-08-18 iso4217:USD shares iso4217:USD shares EX-101.SCH 5 gg-20170331.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 000070 - Disclosure - Note 2 - Going Concern link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Note 5 - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 000050 - Statement - Statement of Cash Flows - Unaudited link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - Condensed Statement of Operations - Unaudited link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - Note 4 - Recent Accounting Pronouncements link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - Note 3 - Capital Stock link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - Statement of Financial Position - Parenthetical link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - Condensed Balance Sheets - Unaudited link:presentationLink link:definitionLink link:calculationLink 000060 - Disclosure - Note 1 - Condensed Financial Statements link:presentationLink link:definitionLink link:calculationLink 000120 - Disclosure - Note 3 - Capital Stock (Details) link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Note 2 - Going Concern (Details) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 6 gg-20170331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 7 gg-20170331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 8 gg-20170331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Cash end of period Common Stock, Par Value Total Liabilities and Stockholder's Equity (Deficit) Total Liabilities and Stockholder's Equity (Deficit) Entity Central Index Key Document Period End Date Document Type Common Stock, No Par Value Amendment Flag Capital Income taxes Total Expenses, before provision of income taxes Total Revenues Total Revenues Accumulated Deficit Entity Filer Category Statement of Cash Flows Statement of Operations Document Fiscal Year Focus Entity Common Stock, Shares Outstanding Document and Entity Information: Note 4 - Recent Accounting Pronouncements Office and General Current Liabilities Entity Well-known Seasoned Issuer Notes Cumulative Earnings (Deficit) Cash beginning of period Trading Symbol Common shares issued and outstanding Represents the Common shares issued and outstanding (number of shares), as of the indicated date. Net Loss {1} Net Loss Additional Paid in Capital Liabilities {1} Liabilities Total Assets Total Assets Entity Public Float Net Cash Provided by Financing Activities Net Cash Provided by Financing Activities Loan from related party Proceeds from Sale of Common Stock Financing Activities Net Cash Provided by (Used in) Operating Activities Net Cash Provided by (Used in) Operating Activities Common Stock, Shares Outstanding Stockholders' Equity (Deficit) Liabilities and Stockholder's Equity (Deficit) Document Fiscal Period Focus Entity Voluntary Filers Total Liabilities Total Liabilities Shares Issued, Price Per Share Details Note 3 - Capital Stock Note 2 - Going Concern Supplemental cash flow information and noncash financing activities: Net Loss Total Current Liabilities Total Current Liabilities Assets {1} Assets Interest Net Increase (Decrease) in Cash Net Increase (Decrease) in Cash Increase (Decrease) in Accrued Expenses Adjustments to Reconcile Net Loss to net cash used in Operating Activities: Operating Expenses {1} Operating Expenses Revenue Total Current Assets Total Current Assets Entity Registrant Name Operating Activities Professional Fees Total Stockholders' Equity Due to related party Accounts Payable and Accrued Liabilities {1} Accounts Payable and Accrued Liabilities Cash {1} Cash Current Assets Current Fiscal Year End Date Provision for income taxes Common Stock, Shares Issued Capital Stock Issued and outstanding Entity Current Reporting Status Note 1 - Condensed Financial Statements Expenses paid on company's behalf by related party Weighted Average Number of Common Shares Outstanding Basic and Diluted Loss per Common Share Shares, Issued Common shares Represents the Common shares (number of shares), as of the indicated date. Note 5 - Subsequent Events Revenues {1} Revenues Common Stock, Shares Authorized Balance Sheets Balance Sheets - Parenthetical EX-101.PRE 9 gg-20170331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 10 R1.htm IDEA: XBRL DOCUMENT v3.7.0.1
Document and Entity Information - USD ($)
 3 Months Ended
Mar. 31, 2017
Jun. 30, 2016
Document and Entity Information:    
Entity Registrant Name Global Gard, Inc.  
Document Type 10-Q  
Document Period End Date Mar. 31, 2017  
Trading Symbol gg  
Amendment Flag false  
Entity Central Index Key 0001627631  
Current Fiscal Year End Date --12-31  
Entity Common Stock, Shares Outstanding   11,744,250
Entity Public Float   $ 11,744
Entity Filer Category Smaller Reporting Company  
Entity Current Reporting Status Yes  
Entity Voluntary Filers Yes  
Entity Well-known Seasoned Issuer No  
Document Fiscal Year Focus 2017  
Document Fiscal Period Focus Q1  
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Condensed Balance Sheets - Unaudited - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets    
Cash $ 23 $ 5,225
Total Current Assets 23 5,225
Total Assets 23 5,225
Current Liabilities    
Accounts Payable and Accrued Liabilities 4,150 7,650
Due to related party 11,550 8,000
Total Current Liabilities 15,700 15,650
Total Liabilities 15,700 15,650
Stockholders' Equity (Deficit)    
Capital Stock Issued and outstanding 11,744 11,744
Additional Paid in Capital 4,641 4,641
Accumulated Deficit (32,062) (26,810)
Total Stockholders' Equity (15,677) (10,425)
Total Liabilities and Stockholder's Equity (Deficit) $ 23 $ 5,225
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Statement of Financial Position - Parenthetical - $ / shares
Mar. 31, 2017
Dec. 31, 2016
Balance Sheets    
Common Stock, Par Value $ 0.001 $ 0.001
Common Stock, Shares Authorized 200,000,000 200,000,000
Common Stock, Shares Issued 11,744,250 11,744,250
Common Stock, Shares Outstanding 11,744,250 11,744,250
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Condensed Statement of Operations - Unaudited - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue    
Revenues
Total Revenues
Operating Expenses    
Office and General 1,002 55
Professional Fees 4,250 4,250
Total Expenses, before provision of income taxes 5,252 4,305
Provision for income taxes
Net Loss $ (5,252) $ (4,305)
Basic and Diluted Loss per Common Share
Weighted Average Number of Common Shares Outstanding 11,744,250 11,500,000
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Statement of Cash Flows - Unaudited - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net Loss $ (5,252) $ (4,305)
Adjustments to Reconcile Net Loss to net cash used in Operating Activities:    
Expenses paid on company's behalf by related party
Increase (Decrease) in Accrued Expenses (3,500) 750
Net Cash Provided by (Used in) Operating Activities (8,752) (3,555)
Financing Activities    
Proceeds from Sale of Common Stock
Loan from related party 3,550
Net Cash Provided by Financing Activities 3,550
Net Increase (Decrease) in Cash (5,202) (3,555)
Cash beginning of period 5,225 4,258
Cash end of period 23 703
Supplemental cash flow information and noncash financing activities:    
Interest
Income taxes
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Note 1 - Condensed Financial Statements
 3 Months Ended
Mar. 31, 2017
Notes  
Note 1 - Condensed Financial Statements

NOTE 1 – CONDENSED FINANCIAL STATEMENTS

The Company was incorporated in the State of Nevada as a for-profit Company on July 16, 2014 and established a fiscal year end of December 31. The Company intends to develop security applications for smartphones (apps).  We have not developed any apps.

 

All activities of the Company to date relate to its organization, initial funding and share issuances.

 

In the opinion of management, the accompanying balance sheets and related interim statements of income, cash flows, and stockholders’ equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).  Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions.

 

Interim results are not necessarily indicative of results for a full year.  The information included in this Form 10-Q should be read in conjunction with information included in the Form 10-K.
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Note 2 - Going Concern
 3 Months Ended
Mar. 31, 2017
Notes  
Note 2 - Going Concern

NOTE 2 – GOING CONCERN

The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.  This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $15,677, an accumulated deficit of $32,062 . The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company.  There can be no assurance that the Company will be successful in either situation in order to continue as a going concern.  The Company is funding its initial operations by way of issuing Founder’s shares.

The officers and directors have committed to advancing certain operating costs of the Company, including Legal, Audit, Transfer Agency and Edgarizing costs.
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Note 3 - Capital Stock
 3 Months Ended
Mar. 31, 2017
Notes  
Note 3 - Capital Stock

NOTE 3 - CAPITAL STOCK

 

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

On July 16, 2014, the Company issued 1,435,000 Founder’s shares for cash at $0.0001 per share. On August 18, 2014 the Company issued a further 10,065,000 Founder’s shares for cash at $0.001 per share.

 

On March 31, 2017 and on December 31, 2016, the Company had 11,744,250  common shares issued and outstanding.
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Note 4 - Recent Accounting Pronouncements
 3 Months Ended
Mar. 31, 2017
Notes  
Note 4 - Recent Accounting Pronouncements

NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS

The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement.
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Note 5 - Subsequent Events
 3 Months Ended
Mar. 31, 2017
Notes  
Note 5 - Subsequent Events

NOTE 5 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and has determined that there are no further events to disclose.
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Note 2 - Going Concern (Details)
Mar. 31, 2017
USD ($)
Details  
Capital $ 15,677
Cumulative Earnings (Deficit) $ 32,062
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Note 3 - Capital Stock (Details) - $ / shares
Mar. 31, 2017
Dec. 31, 2016
Aug. 18, 2014
Jul. 16, 2014
Details        
Common shares 200,000,000      
Common Stock, No Par Value $ 0.001      
Shares, Issued     10,065,000 1,435,000
Shares Issued, Price Per Share     $ 0.001 $ 0.0001
Common shares issued and outstanding 11,744,250 11,744,250    
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