10-K Filing

AVANT TECHNOLOGIES INC. CIK: 1740797 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001740797-19-000013`
Period End Date	20190331
Filing Date	20190715
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	none-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 14 Cash Flow Statement 36 Stockholders Equity 22

Balance Sheet 54 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`	5.01M	shares	Point-in-time
Common stock shares issued and outstanding	`CommonStockSharesOutstanding`	4.00M	shares	Point-in-time
JPMorgan Chase Bank, N.A.	`LineOfCredit`	$102.00	USD	Point-in-time
JPMorgan Chase Bank, N.A.	`LineOfCredit`	-	USD	Point-in-time
JPMorgan Chase Bank, N.A.	`LineOfCredit`	$5.69K	USD	Point-in-time
Total Checking/Savings	`AssetsCurrent`	$5.69K	USD	Point-in-time
Total Checking/Savings	`AssetsCurrent`	$102.00	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$25.25K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$1.90K	USD	Point-in-time
Prepaid rent	`PrepaidExpenseAndOtherAssets`	$62.00	USD	Point-in-time
Prepaid rent	`PrepaidExpenseAndOtherAssets`	$721.00	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`	$25.36K	USD	Point-in-time
Total Other Current Assets	`Assets`	$2.62K	USD	Point-in-time
Total Current Assets	`OtherAssetsCurrent`	$25.46K	USD	Point-in-time
Total Current Assets	`OtherAssetsCurrent`	$8.31K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-4.80K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	USD	Point-in-time
Furniture and Equipment	`FurnitureAndFixturesGross`	-	USD	Point-in-time
Furniture and Equipment	`FurnitureAndFixturesGross`	$1.50K	USD	Point-in-time
Website Development	`DevelopmentInProcess`	$8.36K	USD	Point-in-time
Total Fixed assets	`AssetsNoncurrent`	-	USD	Point-in-time
Total Fixed assets	`AssetsNoncurrent`	$5.06K	USD	Point-in-time
TOTAL ASSETS	`LongTermInvestmentsAndReceivablesNet`	$30.52K	USD	Point-in-time
TOTAL ASSETS	`LongTermInvestmentsAndReceivablesNet`	$8.31K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	$6.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Total Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Total Accounts Payable	`AccountsPayableCurrent`	$6.00K	USD	Point-in-time
Loan from Related Parties	`EmployeeRelatedLiabilitiesCurrent`	$68.14K	USD	Point-in-time
Loan from Related Parties	`EmployeeRelatedLiabilitiesCurrent`	$5.05K	USD	Point-in-time
Retainers from Customers	`CustomerDepositsCurrent`	-	USD	Point-in-time
Retainers from Customers	`CustomerDepositsCurrent`	$6.00K	USD	Point-in-time
Total Other Current Liabilities	`LiabilitiesCurrent`	$74.14K	USD	Point-in-time
Total Other Current Liabilities	`LiabilitiesCurrent`	$5.05K	USD	Point-in-time
Total Current Liabilities	`OtherLiabilitiesCurrent`	$5.05K	USD	Point-in-time
Total Current Liabilities	`OtherLiabilitiesCurrent`	$80.14K	USD	Point-in-time
Total Liabilities	`Liabilities`	$80.14K	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`	5,014.00	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`	4,000.00	shares	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$24.34K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-739.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-78.96K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`TotalStockholdersEquity_Deficit`	$3.26K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`TotalStockholdersEquity_Deficit`	$-49.61K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$8.31K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$30.52K	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$78.22K	USD	Annual
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$739.00	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$739.00	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$78.22K	USD	Annual
NET LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-78.22K	USD	Annual
NET LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-739.00	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	Annual
PROVISION FOR INCOME TAXES	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-78.22K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-739.00	USD	2 Qtrs
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	931,507.00	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.64M	shares	Annual

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-78.22K	USD	Annual
Net income	`NetIncomeLoss`	$-739.00	USD	2 Qtrs
Accumulated depreciation	`Depreciation`	-	USD	2 Qtrs
Accumulated depreciation	`Depreciation`	$4.80K	USD	Annual
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$6.00K	USD	Annual
Retainers from Customers	`ProceedsFromCustomers`	$6.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-23.35K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.90K	USD	2 Qtrs
Prepaid rent	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$-721.00	USD	2 Qtrs
Prepaid rent	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$659.00	USD	Annual
Retainer Asset	`IncreaseDecreaseInDepositOtherAssets`	-	USD	2 Qtrs
Retainer Asset	`IncreaseDecreaseInDepositOtherAssets`	$-55.00	USD	Annual
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.36K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-84.17K	USD	Annual
Furniture and Equipment	`PaymentsForProceedsFromProductiveAssets`	-	USD	2 Qtrs
Furniture and Equipment	`PaymentsForProceedsFromProductiveAssets`	$-1.50K	USD	Annual
Website Development	`ResearchAndDevelopmentInProcess`	-	USD	2 Qtrs
Website Development	`ResearchAndDevelopmentInProcess`	$-8.36K	USD	Annual
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.86K	USD	Annual
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Capital Stock	`ProceedsFromStockPlans`	$1.01K	USD	Annual
Capital Stock	`ProceedsFromStockPlans`	$4.00K	USD	2 Qtrs
Additional paid in capital	`AdditionsToOtherAssetsAmount`	$24.34K	USD	Annual
Additional paid in capital	`AdditionsToOtherAssetsAmount`	-	USD	2 Qtrs
Loan from Related Parties	`PaymentsForProceedsFromLoansAndLeases`	$5.05K	USD	2 Qtrs
Loan from Related Parties	`PaymentsForProceedsFromLoansAndLeases`	$63.09K	USD	Annual
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$88.44K	USD	Annual
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$9.05K	USD	2 Qtrs
Net cash increase for period	`CashPeriodIncreaseDecrease`	$-5.59K	USD	Annual
Net cash increase for period	`CashPeriodIncreaseDecrease`	$5.69K	USD	2 Qtrs
Cash at beginning of period	`LineOfCredit`	$102.00	USD	Point-in-time
Cash at beginning of period	`LineOfCredit`	-	USD	Point-in-time
Cash at beginning of period	`LineOfCredit`	$5.69K	USD	Point-in-time
Cash at end of period	`LineOfCredit`	$102.00	USD	Point-in-time
Cash at end of period	`LineOfCredit`	-	USD	Point-in-time
Cash at end of period	`LineOfCredit`	$5.69K	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Shares issued for cash, dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.03	USD	Annual
Shares issued for cash, dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.00	USD	2 Qtrs
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$3.26K	USD	Point-in-time
Balance	`StockholdersEquity`	$-49.61K	USD	Point-in-time
Balance (in shares)	`SharesOutstanding`	4.00M	shares	Point-in-time
Balance (in shares)	`SharesOutstanding`	5.01M	shares	Point-in-time
Balance (in shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Balance (in shares)	`SharesOutstanding`	25,352.00	shares	Point-in-time
Net loss for the year	`NetIncomeLoss`	$-78.22K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-739.00	USD	2 Qtrs
Shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$25.35K	USD	Annual
Shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$4.00K	USD	2 Qtrs
Shares issued for cash (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	4.00M	shares	2 Qtrs
Shares issued for cash (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	1.01M	shares	Annual
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$3.26K	USD	Point-in-time
Balance	`StockholdersEquity`	$-49.61K	USD	Point-in-time
Balance (in shares)	`SharesOutstanding`	4.00M	shares	Point-in-time
Balance (in shares)	`SharesOutstanding`	5.01M	shares	Point-in-time
Balance (in shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Balance (in shares)	`SharesOutstanding`	25,352.00	shares	Point-in-time

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