10-Q/A Filing

AVANT TECHNOLOGIES INC. CIK: 1740797 Q1 2020

Filing Information

Form Type	10-Q/A
Accession Number	`0001740797-19-000029`
Period End Date	20190630
Filing Date	20191017
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	none-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 20 Cash Flow Statement 26 Stockholders Equity 7

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 000 shares issued and outstanding	`CommonStockSharesOutstanding`	4.00M	shares	Point-in-time
JPMorgan Chase Bank, N.A.	`NotesPayableToBankCurrent`	$102.00	USD	Point-in-time
JPMorgan Chase Bank, N.A.	`NotesPayableToBankCurrent`	$239.00	USD	Point-in-time
Common stock 000 shares issued and outstanding	`CommonStockSharesOutstanding`	5.01M	shares	Point-in-time
Total Checking/Savings	`AssetsCurrent`	$239.00	USD	Point-in-time
Total Checking/Savings	`AssetsCurrent`	$102.00	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$250.00	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$175.00	USD	Point-in-time
Furniture and Equipment	`FurnitureAndFixturesGross`	$1.50K	USD	Point-in-time
Furniture and Equipment	`FurnitureAndFixturesGross`	$1.50K	USD	Point-in-time
Total Fixed assets	`AssetsNoncurrent`	$1.25K	USD	Point-in-time
Total Fixed assets	`AssetsNoncurrent`	$1.32K	USD	Point-in-time
Accumulated depreciation	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$-6.72K	USD	Point-in-time
Accumulated depreciation	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$-4.63K	USD	Point-in-time
Website Development	`DevelopmentInProcess`	$8.36K	USD	Point-in-time
Website Development	`DevelopmentInProcess`	$8.36K	USD	Point-in-time
Total Intangible Assets	`IntangibleAssetsNetExcludingGoodwill`	$3.73K	USD	Point-in-time
Total Intangible Assets	`IntangibleAssetsNetExcludingGoodwill`	$1.64K	USD	Point-in-time
TOTAL ASSETS	`LongTermInvestmentsAndReceivablesNet`	$30.52K	USD	Point-in-time
TOTAL ASSETS	`LongTermInvestmentsAndReceivablesNet`	$15.85K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$6.00K	USD	Point-in-time
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`	$74.16K	USD	Point-in-time
Retainers from Customers	`CustomerDepositsCurrent`	-	USD	Point-in-time
Retainers from Customers	`CustomerDepositsCurrent`	$6.00K	USD	Point-in-time
Total Current Liabilities	`OtherLiabilitiesCurrent`	$80.16K	USD	Point-in-time
Total Current Liabilities	`OtherLiabilitiesCurrent`	$80.14K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$80.14K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$80.16K	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`	5,014.00	shares	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$24.34K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$24.34K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-93.66K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-78.96K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$-49.61K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$-64.31K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)	`Liabilities`	$15.85K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)	`Liabilities`	$30.52K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$25.25K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$12.58K	USD	Point-in-time
Prepaid rent	`PrepaidExpenseAndOtherAssets`	$62.00	USD	Point-in-time
Prepaid rent	`PrepaidExpenseAndOtherAssets`	$80.00	USD	Point-in-time
Retainer Asset	`OtherAssetsNoncurrent`	$55.00	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`	$12.71K	USD	Point-in-time
Total Current Assets	`OtherAssetsCurrent`	$25.46K	USD	Point-in-time
Total Current Assets	`OtherAssetsCurrent`	$12.95K	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Sales	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$6.00K	USD	1 Quarter
Sales	`InterestAndDividendIncomeSecuritiesAvailableForSale`	-	USD	1 Quarter
TOTAL INCOME	`NoninterestIncome`	-	USD	1 Quarter
TOTAL INCOME	`NoninterestIncome`	$6.00K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$6.00K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$6.20K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$20.70K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$20.70K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$6.20K	USD	1 Quarter
NET LOSS FROM OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-6.20K	USD	1 Quarter
NET LOSS FROM OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-14.70K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLossAllocatedToLimitedPartners`	$-14.70K	USD	1 Quarter
NET LOSS	`NetIncomeLossAllocatedToLimitedPartners`	$-6.20K	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.01M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.76M	shares	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net Income	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-6.24K	USD	1 Quarter
Net Income	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-14.70K	USD	1 Quarter
Accumulated depreciation	`Depreciation`	-	USD	1 Quarter
Accumulated depreciation	`Depreciation`	$2.17K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-81.00	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$107.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$12.67K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid rent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$62.00	USD	1 Quarter
Prepaid rent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$593.00	USD	1 Quarter
Retainer Asset	`IncreaseDecreaseInDepositOtherAssets`	$-55.00	USD	1 Quarter
Retainer Asset	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Retainers from Customers	`ProceedsFromCustomers`	-	USD	1 Quarter
Retainers from Customers	`ProceedsFromCustomers`	$-6.00K	USD	1 Quarter
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.88K	USD	1 Quarter
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.60K	USD	1 Quarter
Loan from Related Parties	`PaymentsForProceedsFromLoansAndLeases`	$1.10K	USD	1 Quarter
Loan from Related Parties	`PaymentsForProceedsFromLoansAndLeases`	$6.02K	USD	1 Quarter
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.10K	USD	1 Quarter
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$6.02K	USD	1 Quarter
Net cash increase for period	`CashPeriodIncreaseDecrease`	$137.00	USD	1 Quarter
Net cash increase for period	`CashPeriodIncreaseDecrease`	$-4.50K	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsAndShortTermInvestments`	$5.69K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsAndShortTermInvestments`	$102.00	USD	Point-in-time
Cash at end of period	`Cash`	$239.00	USD	Point-in-time
Cash at end of period	`Cash`	$1.20K	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-64.31K	USD	Point-in-time
Balance	`StockholdersEquity`	$-49.61K	USD	Point-in-time
Balance ( in shares)	`SharesOutstanding`	1.01M	shares	Point-in-time
Net loss for the three-months period ended June 30, 2019	`NetIncomeLoss`	$-14.70K	USD	1 Quarter
Balance	`StockholdersEquity`	$-64.31K	USD	Point-in-time
Balance	`StockholdersEquity`	$-49.61K	USD	Point-in-time
Balance (in shares)	`SharesOutstanding`	1.01M	shares	Point-in-time

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