10-Q Filing

PRESTIGE CAPITAL CORP CIK: 790179 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001554795-14-000352`
Period End Date	20140331
Filing Date	20140508
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	pgec-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 34 Cash Flow Statement 57

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$3.05K	USD	Point-in-time
Cash	`Cash`	$5.02K	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.02K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.05K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Assets	`Assets`	$5.02K	USD	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
Total Assets	`Assets`	$3.05K	USD	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, issued	`CommonStockSharesIssued`	2.53M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	2.53M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.53M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.53M	shares	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$32.60K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$35.40K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$43.30K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$40.59K	USD	Point-in-time
Loan payable - related party	`LoansPayableCurrent`	$129.46K	USD	Point-in-time
Loan payable - related party	`LoansPayableCurrent`	$129.46K	USD	Point-in-time
Loan payable - other	`OtherLoansPayable`	$5.50K	USD	Point-in-time
Loan payable - other	`OtherLoansPayable`	$10.50K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$208.16K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$218.66K	USD	Point-in-time
Total Liabilities	`Liabilities`	$208.16K	USD	Point-in-time
Total Liabilities	`Liabilities`	$218.66K	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 March 31, 2014 and December 31, 2013	`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 March 31, 2014 and December 31, 2013	`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 deficit prior to re-activation	`RetainedEarningsAccumulatedDeficit`	$-383.75K	USD	Point-in-time
Accumulated deficit prior to re-activation	`RetainedEarningsAccumulatedDeficit`	$-383.75K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$371.56K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$380.11K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-213.65K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-205.10K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$5.02K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$3.05K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	31 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$334.05K	USD	31 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$5.83K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$8.00K	USD	1 Quarter
Loss from Operations	`OperatingExpenses`	$5.83K	USD	1 Quarter
Loss from Operations	`OperatingExpenses`	$334.05K	USD	31 Qtrs
Loss from Operations	`OperatingExpenses`	$8.00K	USD	1 Quarter
Related party interest expense	`InterestExpenseRelatedParty`	$46.23K	USD	31 Qtrs
Related party interest expense	`InterestExpenseRelatedParty`	$2.48K	USD	1 Quarter
Related party interest expense	`InterestExpenseRelatedParty`	$2.59K	USD	1 Quarter
Other interest expense	`InterestExpenseOther`	-	USD	1 Quarter
Other interest expense	`InterestExpenseOther`	$121.00	USD	1 Quarter
Other interest expense	`InterestExpenseOther`	$332.00	USD	31 Qtrs
Related party interest income	`InterestIncomeOperating`	-	USD	1 Quarter
Related party interest income	`InterestIncomeOperating`	-	USD	1 Quarter
Related party interest income	`InterestIncomeOperating`	$506.00	USD	31 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.48K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-46.06K	USD	31 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.71K	USD	1 Quarter
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-10.48K	USD	1 Quarter
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-8.54K	USD	1 Quarter
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-380.11K	USD	31 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	-	USD	31 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	-	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-8.54K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-10.48K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-380.11K	USD	31 Qtrs
Basic and Diluted Loss Per Share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted Loss Per Share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
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`	2.53M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-8.54K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-10.48K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-380.11K	USD	31 Qtrs
Imputed related party interest expense	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	1 Quarter
Imputed related party interest expense	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	1 Quarter
Imputed related party interest expense	`IncreaseDecreaseInOtherAccruedLiabilities`	$635.00	USD	31 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$155.60K	USD	31 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	1 Quarter
Corporate expenses paid by stockholder	`IncreaseDecreaseInDueToRelatedParties`	-	USD	1 Quarter
Corporate expenses paid by stockholder	`IncreaseDecreaseInDueToRelatedParties`	-	USD	1 Quarter
Corporate expenses paid by stockholder	`IncreaseDecreaseInDueToRelatedParties`	$55.14K	USD	31 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.80K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.03K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.89K	USD	31 Qtrs
Increase in accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$43.30K	USD	31 Qtrs
Increase in accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.48K	USD	1 Quarter
Increase in accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.71K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-88.53K	USD	31 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.03K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.96K	USD	1 Quarter
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$6.00K	USD	1 Quarter
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$74.32K	USD	31 Qtrs
Proceeds from other loans	`ProceedsFromSaleOfOtherLoansHeldForSale`	-	USD	1 Quarter
Proceeds from other loans	`ProceedsFromSaleOfOtherLoansHeldForSale`	$10.50K	USD	31 Qtrs
Proceeds from other loans	`ProceedsFromSaleOfOtherLoansHeldForSale`	$5.00K	USD	1 Quarter
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$12.00K	USD	31 Qtrs
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	31 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	-	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	-	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$-4.27K	USD	31 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$93.55K	USD	31 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.00K	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashPeriodIncreaseDecrease`	$36.00	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashPeriodIncreaseDecrease`	$1.97K	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashPeriodIncreaseDecrease`	$5.02K	USD	31 Qtrs
Beginning Cash Balance	`BeginningCashBalance`	$3.05K	USD	1 Quarter
Beginning Cash Balance	`BeginningCashBalance`	-	USD	31 Qtrs
Beginning Cash Balance	`BeginningCashBalance`	$93.00	USD	1 Quarter
Ending Cash Balance	`EndingCashBalance`	$5.02K	USD	31 Qtrs
Ending Cash Balance	`EndingCashBalance`	$5.02K	USD	1 Quarter
Ending Cash Balance	`EndingCashBalance`	$129.00	USD	1 Quarter
Cash paid for Interest expense	`InterestPaid`	-	USD	31 Qtrs
Cash paid for Interest expense	`InterestPaid`	-	USD	1 Quarter
Cash paid for Interest expense	`InterestPaid`	-	USD	1 Quarter
Cash paid for Income taxes	`IncomeTaxesPaid`	-	USD	31 Qtrs
Cash paid for Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Forgiveness of debt by stockholder	`DebtInstrumentDecreaseForgiveness`	$6.65K	USD	31 Qtrs
Forgiveness of debt by stockholder	`DebtInstrumentDecreaseForgiveness`	-	USD	1 Quarter
Forgiveness of debt by stockholder	`DebtInstrumentDecreaseForgiveness`	-	USD	1 Quarter

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