Looking at this one;
Recent 10-Q
At March 31, 2014, the Company has an accumulated deficit of $1,219,660 and has incurred net income of $62,067. The Company’s ability to continue in business is dependent upon obtaining sufficient financing or attaining profitable operations. However, there can be no assurance that management will be successful in obtaining additional funding or in attaining profitable operations, and therefore, these matters raise substantial doubt about the Company's ability to continue as a going concern.
In February 2014, the Company issued 8,250,000 restricted common shares for services with a value of $31,600.
In March 2014, the Company issued 15,000,000 restricted common shares as escrow for a loan.
In March 2014, the Company issued 30,300,000 restricted common shares for the settlement of $40,000 of payables and recorded a loss on the settlement of debt of $60,430 during the period fom January 13, 2014 (date of inception) through March 31, 2014.
In March 2014, the Company issued 5,000,000 restricted common shares for services with a value of $19,000.
In March 2014, the company issued 1,000,000 restricted common shares valued at $4,100 for payment of accounts payable of $1,500 and recorded a loss on the settlement of debt of $2,600 during the period fom January 13, 2014 (date of inception) through March 31, 2014.
In March 2014, the Company issued to officers and directors, and a prior officer a total of 25,750,000 restricted common shares.
On April 28, 2014, the Company issued 8,000,000 restricted common shares for services.
Results of Operations:
For The Period From January 13, 2014 (date of inception) through March 31, 2014
For the period from January 13, 2014 (date of inception) through March 31, 2014, the Company’s revenue totaled $0, for which its respective cost of revenues totaled $0.
During the from January 13, 2014 (date of inception) through March 31, 2014, the Company reported no sales of its beverage products or from its concert promotion.
For January 13, 2014 (date of inception) through March 31, 2014, the Company had operating expenses totaling $87,667. These costs were primarily from $69,600 of consulting fees and $18,000 in accrued wages.
For January 13, 2014 (date of inception) through March 31, 2014, the Company had other income totaling $149,734 consisting of gain on change in fair value of derivative liability of $236,899 offset with debt settlement loss of $79,230 and interest expense of $7,935.
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