v3.3.1.900

Statements of Operations - USD ($)	12 Months Ended
Statements of Operations - USD ($)	Dec. 31, 2015	Dec. 31, 2014
OPERATING EXPENSES
General and administrative	$ 25,650	$ 20,675
Transfer Agent and filing fees	8,008	31,957
Professional fees	33,728	8,900
Total Operating Expenses	67,386	61,532
LOSS FROM OPERATIONS	(67,386)	(61,532)
OTHER EXPENSES:
Settlement and adjustments	14,607
Foreign currency transaction gain (loss)	2,343	1,406
	16,949	1,406
NET (LOSS) GAIN	$ (50,437)	$ (60,125)
NET (LOSS) PER SHARE - BASIC AND DILUTED (in Dollars per share)	$ 0.00	$ 0.00
WEIGHTED AVERAGE COMMON EQUIVALENT SHARES OUTSTANDING - BASIC AND DILUTED (in Shares)	33,942,563	24,917,084

The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Gross amount of debt extinguished.

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Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement.

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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Fees paid to an agent employed by a corporation or mutual fund to maintain shareholder records, including purchases, sales, and account balances. Also includes custodian fees incurred during an accounting period from an agent, bank, trust company, or other organization that holds and safeguards an individual's, mutual fund's, or investment company's assets for them. These fees will be billed back to the client and are a component of noninterest expense.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

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A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.

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Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).

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SMARTCHASE CORP. 10-K