10-Q Filing

PRESTIGE CAPITAL CORP CIK: 790179 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001548123-12-000188`
Period End Date	20120630
Filing Date	20120806
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	pgec-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 35 Income Statement 53 Cash Flow Statement 65 Stockholders Equity 10

Balance Sheet 35 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.39K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$71.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.36K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$71.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.36K	USD	Point-in-time
Total Assets	`Assets`	$71.00	USD	Point-in-time
Total Assets	`Assets`	$1.36K	USD	Point-in-time
Accounts payable	`AccountsPayable`	$1.84K	USD	Point-in-time
Accounts payable	`AccountsPayable`	-	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$4.80K	USD	Point-in-time
Accrued interest	`InterestPayable`	$25.25K	USD	Point-in-time
Accrued interest	`InterestPayable`	$20.62K	USD	Point-in-time
Loan Payable - related party	`AccountsPayableRelatedParties`	$112.96K	USD	Point-in-time
Loan Payable - related party	`AccountsPayableRelatedParties`	$121.46K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$151.51K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$135.42K	USD	Point-in-time
Total Liabilities	`Liabilities`	$151.51K	USD	Point-in-time
Total Liabilities	`Liabilities`	$135.42K	USD	Point-in-time
Preferred stock - 10,000,000 shares authorized - None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - 10,000,000 shares authorized - None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common Stock - 100,000,000 shares authorized having a par value of $0.001 per share, 2,532,200 shares issued and outstanding at June 30, 2012 and December 31, 2011	`CommonStockValue`	$2.53K	USD	Point-in-time
Common Stock - 100,000,000 shares authorized having a par value of $0.001 per share, 2,532,200 shares issued and outstanding at June 30, 2012 and December 31, 2011	`CommonStockValue`	$2.53K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$547.68K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$547.68K	USD	Point-in-time
Accumulated Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-383.75K	USD	Point-in-time
Accumulated Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-383.75K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$316.61K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$301.81K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-135.35K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-150.15K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.36K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$71.00	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	24 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$14.04K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$28.79K	USD	2 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$10.17K	USD	2 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$6.34K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$288.60K	USD	24 Qtrs
Loss from Operations	`IncomeLossFromContinuingOperations`	$-14.04K	USD	1 Quarter
Loss from Operations	`IncomeLossFromContinuingOperations`	$-28.79K	USD	2 Qtrs
Loss from Operations	`IncomeLossFromContinuingOperations`	$-288.60K	USD	24 Qtrs
Loss from Operations	`IncomeLossFromContinuingOperations`	$-10.17K	USD	2 Qtrs
Loss from Operations	`IncomeLossFromContinuingOperations`	$-6.34K	USD	1 Quarter
Related party interest expense	`InterestExpenseRelatedParty`	$1.83K	USD	1 Quarter
Related party interest expense	`InterestExpenseRelatedParty`	$2.36K	USD	1 Quarter
Related party interest expense	`InterestExpenseRelatedParty`	$28.51K	USD	24 Qtrs
Related party interest expense	`InterestExpenseRelatedParty`	$3.58K	USD	2 Qtrs
Related party interest expense	`InterestExpenseRelatedParty`	$4.63K	USD	2 Qtrs
Related party interest income	`InterestAndOtherIncome`	$506.00	USD	24 Qtrs
Related party interest income	`InterestAndOtherIncome`	-	USD	2 Qtrs
Related party interest income	`InterestAndOtherIncome`	-	USD	1 Quarter
Related party interest income	`InterestAndOtherIncome`	-	USD	1 Quarter
Related party interest income	`InterestAndOtherIncome`	-	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-4.63K	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.36K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-28.00K	USD	24 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-3.58K	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-1.83K	USD	1 Quarter
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-8.70K	USD	1 Quarter
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-14.80K	USD	2 Qtrs
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-15.87K	USD	1 Quarter
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-316.61K	USD	24 Qtrs
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-32.38K	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	24 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-316.61K	USD	24 Qtrs
Net Loss	`NetIncomeLoss`	$-8.70K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-14.80K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-32.38K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-15.87K	USD	1 Quarter
Basic and Diluted Loss Per Share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted Loss Per Share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted Loss Per Share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and Diluted Loss Per Share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.33M	shares	2 Qtrs
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.53M	shares	2 Qtrs
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.53M	shares	1 Quarter
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.33M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-316.61K	USD	24 Qtrs
Net Loss	`NetIncomeLoss`	$-8.70K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-14.80K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-32.38K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-15.87K	USD	1 Quarter
Imputed related party interest expense	`InterestExpense`	-	USD	2 Qtrs
Imputed related party interest expense	`InterestExpense`	$635.00	USD	24 Qtrs
Imputed related party interest expense	`InterestExpense`	-	USD	2 Qtrs
Common stock issued for services	`ShareBasedCompensation`	$155.60K	USD	24 Qtrs
Common stock issued for services	`ShareBasedCompensation`	$9.00K	USD	2 Qtrs
Common stock issued for services	`ShareBasedCompensation`	-	USD	2 Qtrs
Corporate expenses paid by shareholder	`ProceedsFromContributedCapital`	-	USD	2 Qtrs
Corporate expenses paid by shareholder	`ProceedsFromContributedCapital`	$5.52K	USD	2 Qtrs
Corporate expenses paid by shareholder	`ProceedsFromContributedCapital`	$55.14K	USD	24 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$-130.00	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	-	USD	24 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	-	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.96K	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.01K	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.29K	USD	24 Qtrs
Increase in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$25.25K	USD	24 Qtrs
Increase in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.63K	USD	2 Qtrs
Increase in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$3.58K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.21K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.39K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-73.69K	USD	24 Qtrs
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$8.50K	USD	2 Qtrs
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$66.32K	USD	24 Qtrs
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$12.00K	USD	24 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	24 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.27K	USD	24 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$8.50K	USD	2 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$75.05K	USD	24 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.29K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.39K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.36K	USD	24 Qtrs
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$2.39K	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$71.00	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$1.36K	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$2.39K	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$71.00	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$1.36K	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest expense	`InterestPaid`	-	USD	24 Qtrs
Interest expense	`InterestPaid`	-	USD	2 Qtrs
Interest expense	`InterestPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	24 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Forgiveness of debt by shareholder	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$6.65K	USD	24 Qtrs
Forgiveness of debt by shareholder	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	2 Qtrs
Forgiveness of debt by shareholder	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	2 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Preferred stock authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock outstanding	`CommonStockSharesOutstanding`	2.53M	shares	Point-in-time
Common Stock outstanding	`CommonStockSharesOutstanding`	2.53M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.