Bison Instruments (BSOI) 10-K 27 Jan 14 2013 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Oct. 31, 2013
Document and Entity Information [Abstract]	'
Entity Registrant Name	'BISON INSTRUMENTS INC
Document Type	'10-K
Current Fiscal Year End Date	'--10-31
Entity Common Stock, Shares Outstanding	888,180
Entity Public Float	$87,738
Amendment Flag	'false
Entity Central Index Key	'0001093683
Entity Current Reporting Status	'Yes
Entity Voluntary Filers	'No
Entity Filer Category	'Smaller Reporting Company
Entity Well-known Seasoned Issuer	'No
Document Period End Date	31-Oct-13
Document Fiscal Year Focus	'2013
Document Fiscal Period Focus	'FY

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Oct. 31, 2013	Oct. 31, 2012
Cash	$931	$1,024
	931	1,024
Current liabilities:	'	'
Accrued liabilities	11,289	5,417
Advances from shareholder (note 3)	501,200	446,200
Stockholders' equity (deficiency):	-511,558	-450,593
	$931	$1,024

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Stockholders' Equity (Deficiency) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance, October 31, 2011 at Oct. 31, 2011	$88,818	$913,826	($1,382,644)	($380,000)
Balance, October 31, 2011 (in Shares) at Oct. 31, 2011	888,180	'	'	'
Loss for the year	'	'	-70,593	-70,593
Balance at Oct. 31, 2012	88,818	913,826	-1,453,237	-450,593
Balance (in Shares) at Oct. 31, 2012	888,180	'	'	'
Loss for the year	'	'	-60,965	-60,965
Balance at Oct. 31, 2013	$88,818	$913,826	($1,514,202)	($511,558)
Balance (in Shares) at Oct. 31, 2013	888,180	'	'	'

Consolidated_Statement_of_Chan1

Consolidated Statement of Changes in Stockholders' Equity (Deficiency) (Parentheticals) (Common Stock [Member])	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011
Common Stock [Member]	'	'	'
Common stock, shares authorized	60,000,000	60,000,000	60,000,000
Common stock, shares authorized	60,000,000	60,000,000	60,000,000

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Expenses:	'	'
Shareholder relations	$19,214	$19,537
Professional fees	31,703	39,589
Management fees	4,500	5,250
Directors’ fees	2,000	2,000
Office and general	3,548	4,217
	60,965	70,593
Loss for the year	($60,965)	($70,593)
Basic and diluted earnings (loss) per share (in Dollars per share)	($0.07)	($0.08)
Weighted average number of shares (in Shares)	888,180	888,180

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Cash flows from operating activities:	'	'
Loss for the year	($60,965)	($70,593)
Increase (decrease) in accrued liabilities	5,872	-6,392
Net cash used in operating activities	-55,093	-76,985
Financing:	'	'
Increase in advances from shareholder	55,000	73,000
Net decrease in cash	-93	-3,985
Cash, beginning of year	1,024	5,009
Cash, end of year	$931	$1,024

Note_1_Significant_Accounting_

Note 1 - Significant Accounting Policies	12 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	1.     Significant accounting policies:
	(a)   Basis of presentation:
	These consolidated financial statements include the accounts of the Company’s wholly owned subsidiary, Bison International, Inc., which is inactive. All significant intercompany transactions and balances have been eliminated.
	(b)   Income taxes:
	The Company accounts for income taxes in accordance with Financial Accounting Standards Board ASC 740, Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is recorded and deducted from deferred tax assets when the deferred tax assets are not expected to be realized based on currently available evidence. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	(c)   Cash and cash equivalents:
	For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash or cash equivalents.
	(d)    Earnings (loss) per share:
	Basic earnings (loss) per share are computed by dividing net earnings by the weighted average shares outstanding during the year. For each of the years ended October 31, 2013 and 2012 there were no outstanding dilutive securities. The earnings (loss) per share computations are based on the weighted average number of common shares outstanding of 888,180 during each year.
	(e)   Use of estimates:
	The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the year. Actual results could differ from those estimates.
	(f)   Accounting for uncertainty in income taxes:
	The Company has taken no uncertain tax positions that require adjustments to the financial statements. The Company will recognize future accrued interest and penalties related to unrecognized tax positions in income tax expense as incurred. The Company is no longer subject to Federal tax examinations by tax authorities for years before 2010 and state examinations for years before 2010.

Note_2_Going_Concern_Uncertain

Note 2 - Going Concern Uncertainty	12 Months Ended
	Oct. 31, 2013
Disclosure Text Block [Abstract]	'
Nature of Operations [Text Block]	'
	2.     Going concern uncertainty
	These consolidated financial statements have been prepared on the going concern basis, which assumes that the Company will continue in operation for the foreseeable future and be able to realize its assets and discharge its liabilities in the normal course of business. There is significant doubt about the appropriateness of the use of the going concern assumption because the Company experienced losses and negative cash flows in the current and prior years and has a stockholders’ deficiency. The application of the going concern basis is dependent on the continued support of Andus Inc., the majority shareholder, who has committed to support the Company financially for its normal management and corporate expenses at levels of present expenditures until May 1, 2014. Past practice has been to extend the committed support for one fiscal year from the balance sheet date. Currently, the commitment is until May 1, 2014. Management continues to pursue other business opportunities for the Company including merger opportunities with other businesses, which may result in a reverse-take-over of the Company. However, there is no guarantee that management will be successful in their endeavours.
	These consolidated financial statements do not reflect adjustments that would be necessary if the going concern basis was not appropriate. If the going concern basis was not appropriate for these financial statements, then adjustments would be necessary to the carrying value of assets, the reported revenues and expenses, and the balance sheet classifications used.

Note_3_Related_Party_Transacti

Note 3 - Related Party Transactions	12 Months Ended
	Oct. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	3.     Related party transactions:
	The advances from shareholder are payable to Andus Inc., the majority shareholder of the Company. The advances are non-interest bearing, unsecured, and have no specific terms of repayment. Because the Company has no means to generate the revenue necessary to pay its obligations to regulatory bodies, directors, accountants and lawyers, Andus has undertaken to fund the Company’s normal management and corporate expenses at levels of present expenditures until at least May 1, 2014, and not to demand repayment of the advances from shareholder before May 1, 2014. Past practice has been to extend the committed support for one fiscal year from the balance sheet date. Currently, the commitment is until May 1, 2014. During the years ended October 31, 2013 and 2012, Andus Inc. advanced an additional $55,000 and $73,000, respectively. Subsequent to October 31, 2013, Andus Inc. advanced an additional $35,000 to the Company.
	The General manager, Larry Martin, administers the corporate affairs of the Company and monitors residual business matters. During the year ended October 31, 2013, the Company paid Mr. Martin $4,500 (2012-$5,250) for these services. At October 31, 2013 and 2012, accrued liabilities included a payable to Mr. Martin in the amount of $600 and $300 respectively. An office is maintained in Chanhassen, Minnesota, which is provided free of charge by Mr. Martin. An affiliate of Andus Inc., the majority shareholder, provides management and accounting services at no charge to the Company.

Note_4_Income_Taxes

Note 4 - Income Taxes	12 Months Ended
	Oct. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	4.     Income taxes:
	The Company’s statutory income tax rate is 38.4% (2012, 38.4%).
	The tax effects of temporary differences, resulting from net operating loss carryforwards of approximately $1,301,500 (2012 - $1,240,500), that give rise to significant portions of deferred tax assets are approximately $500,000 (2012 - $476,000). In 2013, the valuation allowance increased approximately $24,000, composed of increases to allowances due to net operating loss carryforwards.
	The details at October 31, 2013 and 2012 are presented as follows:
		2013			2012
	Expected tax benefit using statutory rates	$	(500,000	)	$	(476,000	)
	Valuation allowance		500,000			476,000
	Deferred tax asset	$	--		$	--
	The current year tax provision
	is as follows:
		2013			2012
	Expected tax benefit using statutory rates	$	23,000		$	27,000
	Increase in valuation allowance		(23,000	)		(27,000	)
	Current tax expense	$	--		$	--
	Loss carry-forwards expire as follows:
	2018	$	649,000
	2019		2,000
	2020		16,000
	2021		47,000
	2022		30,000
	2023		33,000
	2024		32,500
	2025		60,000
	2026		36,000
	2027		44,000
	2028		48,000
	2029		53,000
	2030		53,000
	2031		66,000
	2032		71,000
	2033		61,000
		$	1,301,500

Note_5_Fair_Value_of_Financial

Note 5 - Fair Value of Financial Assets and Financial Liabilities	12 Months Ended
	Oct. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	5.     Fair value of financial assets and financial liabilities:
	The fair values of the Company’s cash and accrued liabilities approximate their carrying amounts due to the relatively short periods to maturity of these items. The fair value of the advances from shareholder is not determinable due to its related party nature.

Note_6_Accounting_Pronouncemen

Note 6 - Accounting Pronouncements	12 Months Ended
	Oct. 31, 2013
Disclosure Text Block [Abstract]	'
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	'
	6.     Accounting pronouncements:
	All recent accounting pronouncements have been reviewed and are not material to the Company.

Note_7_Subsequent_Events

Note 7 - Subsequent Events	12 Months Ended
	Oct. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	7.     Subsequent events:
	Management evaluated subsequent events through the date the financial statements were issued.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	12 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of presentation:
	These consolidated financial statements include the accounts of the Company’s wholly owned subsidiary, Bison International, Inc., which is inactive. All significant intercompany transactions and balances have been eliminated.
Income Tax, Policy [Policy Text Block]	'
	Income taxes:
	The Company accounts for income taxes in accordance with Financial Accounting Standards Board ASC 740, Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is recorded and deducted from deferred tax assets when the deferred tax assets are not expected to be realized based on currently available evidence. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash and cash equivalents:
	For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash or cash equivalents.
Earnings Per Share, Policy [Policy Text Block]	'
	Earnings (loss) per share:
	Basic earnings (loss) per share are computed by dividing net earnings by the weighted average shares outstanding during the year. For each of the years ended October 31, 2013 and 2012 there were no outstanding dilutive securities. The earnings (loss) per share computations are based on the weighted average number of common shares outstanding of 888,180 during each year.
Use of Estimates, Policy [Policy Text Block]	'
	Use of estimates:
	The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the year. Actual results could differ from those estimates.
Income Tax Uncertainties, Policy [Policy Text Block]	'
	Accounting for uncertainty in income taxes:
	The Company has taken no uncertain tax positions that require adjustments to the financial statements. The Company will recognize future accrued interest and penalties related to unrecognized tax positions in income tax expense as incurred. The Company is no longer subject to Federal tax examinations by tax authorities for years before 2010 and state examinations for years before 2010.

Note_4_Income_Taxes_Tables

Note 4 - Income Taxes (Tables)	12 Months Ended
	Oct. 31, 2013
Income Tax Disclosure [Abstract]	'
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	'
		2013			2012
	Expected tax benefit using statutory rates	$	(500,000	)	$	(476,000	)
	Valuation allowance		500,000			476,000
	Deferred tax asset	$	--		$	--
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
		2013			2012
	Expected tax benefit using statutory rates	$	23,000		$	27,000
	Increase in valuation allowance		(23,000	)		(27,000	)
	Current tax expense	$	--		$	--
Summary of Operating Loss Carryforwards [Table Text Block]	'
	2018	$	649,000
	2019		2,000
	2020		16,000
	2021		47,000
	2022		30,000
	2023		33,000
	2024		32,500
	2025		60,000
	2026		36,000
	2027		44,000
	2028		48,000
	2029		53,000
	2030		53,000
	2031		66,000
	2032		71,000
	2033		61,000
		$	1,301,500

Note_1_Significant_Accounting_1

Note 1 - Significant Accounting Policies (Details)	12 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Accounting Policies [Abstract]	'	'
Weighted Average Number of Shares Outstanding, Basic and Diluted (in Shares)	888,180	888,180

Note_3_Related_Party_Transacti1

Note 3 - Related Party Transactions (Details) (USD $)	3 Months Ended	12 Months Ended
	Jan. 24, 2014	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012
	Subsequent Event [Member]	Advances From Shareholder [Member]	Advances From Shareholder [Member]	Payment for Services [Member]	Payment for Services [Member]	Larry Martin [Member]	Larry Martin [Member]
	Advances From Shareholder [Member]	Andus Inc. [Member]	Andus Inc. [Member]	Larry Martin [Member]	Larry Martin [Member]
	Andus Inc. [Member]
Note 3 - Related Party Transactions (Details) [Line Items]	'	'	'	'	'	'	'
Related Party Transaction, Amounts of Transaction	$35,000	$55,000	$73,000	$4,500	$5,250	'	'
Due to Related Parties	'	'	'	'	'	$600	$300

Note_4_Income_Taxes_Details

Note 4 - Income Taxes (Details) (USD $)	12 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Income Tax Disclosure [Abstract]	'	'
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	38.40%	38.40%
Operating Loss Carryforwards	$1,301,500	$1,240,500
Deferred Tax Assets, Valuation Allowance	500,000	476,000
Valuation Allowances and Reserves, Period Increase (Decrease)	$24,000	'

Note_4_Income_Taxes_Details_Ta

Note 4 - Income Taxes (Details) - Tax Effects of Temporary Differences Resulting From Net Operating Loss Carryforwards (USD $)	Oct. 31, 2013	Oct. 31, 2012
Tax Effects of Temporary Differences Resulting From Net Operating Loss Carryforwards [Abstract]	'	'
Expected tax benefit using statutory rates	($500,000)	($476,000)
Valuation allowance	$500,000	$476,000

Note_4_Income_Taxes_Details_Cu

Note 4 - Income Taxes (Details) - Current Year Tax Provision (USD $)	12 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Current Year Tax Provision [Abstract]	'	'
Expected tax benefit using statutory rates	$23,000	$27,000
Increase in valuation allowance	($23,000)	($27,000)

Note_4_Income_Taxes_Details_Ta1

Note 4 - Income Taxes (Details) - Tax Effects of Temporary Differences Resulting From Net Operating Loss Carryforwards (USD $)	Oct. 31, 2013	Oct. 31, 2012
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	$1,301,500	$1,240,500
Year 2018 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	649,000	'
Year 2019 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	2,000	'
Year 2020 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	16,000	'
Year 2021 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	47,000	'
Year 2022 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	30,000	'
Year 2023 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	33,000	'
Year 2024 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	32,500	'
Year 2025 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	60,000	'
Year 2026 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	36,000	'
Year 2027 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	44,000	'
Year 2028 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	48,000	'
Year 2029 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	53,000	'
Year 2030 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	53,000	'
Year 2031 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	66,000	'
Year 2032 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	71,000	'
Year 2033 [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Loss-carry forward	$61,000	'