10-Q Filing

AVANT TECHNOLOGIES INC. CIK: 1740797 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001740797-18-000015`
Period End Date	20180930
Filing Date	20181114
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	none-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 12 Cash Flow Statement 16

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Common stock par value	`CommonStockValue`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockValue`	$0.00	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock shares issued and outstanding	`CommonStockSharesOutstanding`	4.00M	shares	Point-in-time
Common stock shares issued and outstanding	`CommonStockSharesOutstanding`	5.01M	shares	Point-in-time
Checking/Savings JPMorgan Chase Bank, N.A.	`CashAndDueFromBanks`	$5.69K	USD	Point-in-time
Checking/Savings JPMorgan Chase Bank, N.A.	`CashAndDueFromBanks`	$8.47K	USD	Point-in-time
Total Checking/Savings	`AssetsCurrent`	$8.47K	USD	Point-in-time
Total Checking/Savings	`AssetsCurrent`	$5.69K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$44.43K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$1.90K	USD	Point-in-time
Prepaid rent	`OtherAssetsCurrent`	$721.00	USD	Point-in-time
Prepaid rent	`OtherAssetsCurrent`	$64.00	USD	Point-in-time
Retainer Asset	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Retainer Asset	`OtherAssetsNoncurrent`	$55.00	USD	Point-in-time
Total Other Current Assets	`Assets`	$44.55K	USD	Point-in-time
Total Other Current Assets	`Assets`	$2.62K	USD	Point-in-time
Total Current Assets	`LiabilitiesCurrent`	$53.02K	USD	Point-in-time
Total Current Assets	`LiabilitiesCurrent`	$8.31K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciation`	$-788.00	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciation`	-	USD	Point-in-time
Furniture and Equipment	`FurnitureAndFixturesGross`	$1.50K	USD	Point-in-time
Furniture and Equipment	`FurnitureAndFixturesGross`	-	USD	Point-in-time
Website Development	`DevelopmentInProcess`	$10.26K	USD	Point-in-time
Total Fixed assets	`AssetsNoncurrent`	-	USD	Point-in-time
Total Fixed assets	`AssetsNoncurrent`	$10.97K	USD	Point-in-time
TOTAL ASSETS	`LongTermInvestmentsAndReceivablesNet`	$8.31K	USD	Point-in-time
TOTAL ASSETS	`LongTermInvestmentsAndReceivablesNet`	$63.99K	USD	Point-in-time
Loan from Related Parties	`LoansPayableCurrent`	$5.05K	USD	Point-in-time
Loan from Related Parties	`LoansPayableCurrent`	$65.75K	USD	Point-in-time
Total Other Current Liabilities	`OtherAccruedLiabilitiesCurrent`	$65.75K	USD	Point-in-time
Total Other Current Liabilities	`OtherAccruedLiabilitiesCurrent`	$5.05K	USD	Point-in-time
Total Current Liabilities	`OtherLiabilitiesCurrent`	$5.05K	USD	Point-in-time
Total Current Liabilities	`OtherLiabilitiesCurrent`	$65.75K	USD	Point-in-time
Total Liabilities	`Liabilities`	$65.75K	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.05K	USD	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized; 5,014,080 and 4,000,000 shares issued and outstanding respectively	`CommonStockSharesIssued`	4,000.00	shares	Point-in-time
Common stock, $0.001 par value, 75,000,000 shares authorized; 5,014,080 and 4,000,000 shares issued and outstanding respectively	`CommonStockSharesIssued`	5,014.00	shares	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$24.34K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-739.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.11K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$3.26K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$-1.76K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$63.99K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$8.31K	USD	Point-in-time

Income Statement 12 line items

Line Item	Tag	Value	Unit	Period
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$24.13K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$30.37K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$30.37K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$24.13K	USD	1 Quarter
NET LOSS FROM OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-24.13K	USD	1 Quarter
NET LOSS FROM OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-30.37K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-30.37K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-24.13K	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.58M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.29M	shares	2 Qtrs

Cash Flow Statement 16 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$-30.37K	USD	2 Qtrs
Accumulated depreciation	`Depreciation`	$788.00	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-42.53K	USD	2 Qtrs
Prepaid rent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$657.00	USD	2 Qtrs
Retainer Asset	`IncreaseDecreaseInDepositOtherAssets`	$-55.00	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-71.51K	USD	2 Qtrs
Furniture and Equipment	`PaymentsForProceedsFromProductiveAssets`	$-1.50K	USD	2 Qtrs
Website Development	`PaymentsToAcquireInProcessResearchAndDevelopment`	$-10.26K	USD	2 Qtrs
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.76K	USD	2 Qtrs
Capital Stock	`CommonStockDividendsPerShareCashPaid`	$1.01K	USD	2 Qtrs
Additional paid in capital	`ProceedsFromIssuanceOfCommonStock`	$24.34K	USD	2 Qtrs
Loan from Related Parties	`PaymentsForProceedsFromLoansAndLeases`	$60.70K	USD	2 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$86.06K	USD	2 Qtrs
Net cash increase for period	`CashPeriodIncreaseDecrease`	$2.78K	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsAndShortTermInvestments`	$5.69K	USD	Point-in-time
Cash at end of period	`Cash`	$8.47K	USD	Point-in-time

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