10-Q Filing

PRESTIGE CAPITAL CORP CIK: 790179 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001554795-14-000480`
Period End Date	20140630
Filing Date	20140805
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	pgec-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 58 Cash Flow Statement 63

Balance Sheet 53 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	`CashAndCashEquivalentsAtCarryingValue`	$93.00	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.05K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.66K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.01K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.05K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.66K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	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
Total Assets	`Assets`	$3.66K	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`	$38.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$40.59K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$46.10K	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	`OtherLoansPayableCurrent`	$10.50K	USD	Point-in-time
Loan payable - other	`OtherLoansPayableCurrent`	$5.50K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$208.16K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$224.06K	USD	Point-in-time
Total Liabilities	`Liabilities`	$224.06K	USD	Point-in-time
Total Liabilities	`Liabilities`	$208.16K	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, 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 June 30, 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`	$386.87K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-220.41K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-205.10K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$3.66K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$3.05K	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	32 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$9.79K	USD	2 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$338.01K	USD	32 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$13.90K	USD	2 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$3.96K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$5.91K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-13.90K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-9.79K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-5.91K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-338.01K	USD	32 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-3.96K	USD	1 Quarter
Related party interest expense	`InterestExpenseRelatedParty`	$5.06K	USD	2 Qtrs
Related party interest expense	`InterestExpenseRelatedParty`	$2.59K	USD	1 Quarter
Related party interest expense	`InterestExpenseRelatedParty`	$5.18K	USD	2 Qtrs
Related party interest expense	`InterestExpenseRelatedParty`	$2.57K	USD	1 Quarter
Related party interest expense	`InterestExpenseRelatedParty`	$48.82K	USD	32 Qtrs
Other interest expense	`InterestExpenseOther`	-	USD	1 Quarter
Other interest expense	`InterestExpenseOther`	-	USD	2 Qtrs
Other interest expense	`InterestExpenseOther`	$330.00	USD	2 Qtrs
Other interest expense	`InterestExpenseOther`	$210.00	USD	1 Quarter
Other interest expense	`InterestExpenseOther`	$542.00	USD	32 Qtrs
Related party interest income	`InterestIncomeRelatedParty`	$506.00	USD	32 Qtrs
Related party interest income	`InterestIncomeRelatedParty`	-	USD	2 Qtrs
Related party interest income	`InterestIncomeRelatedParty`	-	USD	1 Quarter
Related party interest income	`InterestIncomeRelatedParty`	-	USD	2 Qtrs
Related party interest income	`InterestIncomeRelatedParty`	-	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-5.06K	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-48.86K	USD	32 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.80K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-5.51K	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.57K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-8.48K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-15.30K	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-6.76K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-386.87K	USD	32 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-18.96K	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	-	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	-	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	-	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	-	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	-	USD	32 Qtrs
Net loss	`NetIncomeLoss`	$-6.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-386.87K	USD	32 Qtrs
Net loss	`NetIncomeLoss`	$-8.48K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-18.96K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-15.30K	USD	2 Qtrs
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 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	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`	2.53M	shares	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-6.76K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-386.87K	USD	32 Qtrs
Net Loss	`NetIncomeLoss`	$-8.48K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-18.96K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-15.30K	USD	2 Qtrs
Imputed related party interest expense	`InterestExpense`	$635.00	USD	32 Qtrs
Imputed related party interest expense	`InterestExpense`	-	USD	2 Qtrs
Imputed related party interest expense	`InterestExpense`	-	USD	2 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$155.60K	USD	32 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Corporate expenses paid by stockholder	`CostsAndExpensesRelatedParty`	$55.14K	USD	32 Qtrs
Corporate expenses paid by stockholder	`CostsAndExpensesRelatedParty`	-	USD	2 Qtrs
Corporate expenses paid by stockholder	`CostsAndExpensesRelatedParty`	-	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.82K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.40K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$39.49K	USD	32 Qtrs
Increase in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$5.06K	USD	2 Qtrs
Increase in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$46.10K	USD	32 Qtrs
Increase in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$5.51K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.08K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-89.89K	USD	32 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.39K	USD	2 Qtrs
Proceeds from related party loans	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	-	USD	2 Qtrs
Proceeds from related party loans	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$8.00K	USD	2 Qtrs
Proceeds from related party loans	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$74.32K	USD	32 Qtrs
Proceeds from other loans	`ProceedsOfOtherLoansAndLeasesHeldForInvestment`	$10.50K	USD	32 Qtrs
Proceeds from other loans	`ProceedsOfOtherLoansAndLeasesHeldForInvestment`	-	USD	2 Qtrs
Proceeds from other loans	`ProceedsOfOtherLoansAndLeasesHeldForInvestment`	$5.00K	USD	2 Qtrs
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$12.00K	USD	32 Qtrs
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	32 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.27K	USD	32 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$93.55K	USD	32 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.00K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$607.00	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.66K	USD	32 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$916.00	USD	2 Qtrs
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$93.00	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$3.05K	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$3.66K	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$1.01K	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$93.00	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$3.05K	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$3.66K	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$1.01K	USD	Point-in-time
Cash paid for interest expense	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest expense	`InterestPaid`	-	USD	32 Qtrs
Cash paid for interest expense	`InterestPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	32 Qtrs
Forgiveness of debt by stockholder	`DebtInstrumentDecreaseForgiveness`	-	USD	2 Qtrs
Forgiveness of debt by stockholder	`DebtInstrumentDecreaseForgiveness`	-	USD	2 Qtrs
Forgiveness of debt by stockholder	`DebtInstrumentDecreaseForgiveness`	$6.65K	USD	32 Qtrs

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