Spire 10-Q 31 Oct 13 2013 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	9 Months Ended
	Sep. 30, 2013	Oct. 30, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	SPIRE TECHNOLOGIES INC.
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		54,000,000
Entity Public Float		$24,000,000
Amendment Flag	FALSE
Entity Central Index Key	1130808
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	30-Sep-13
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3

Balance_Sheets

Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current Assets:
Cash	$45,912	$2,556
Prepaid		650
Total Assets	45,912	3,206
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Accounts & interest payable	48,688	41,775
Due to a stockholder	36,627	36,627
Convertible notes payable		32,500
Promissory notes payable	72,500	68,500
Total Liabilities	157,815	179,402
STOCKHOLDERS’ DEFICIT
Common Stock Authorized: 300,000,000 shares with a $0.00001 par value Issued and outstanding: 54,000,000 shares outstanding as of September 30, 2013 and December 31, 2012	540	540
Additional Paid-in Capital	206,410	205,510
Deficit Accumulated During the Development Stage	-318,853	-382,246
Total Stockholders’ Deficit	-111,903	-176,196
Total Liabilities and Stockholders’ Deficit	$45,912	$3,206

Balance_Sheets_Parentheticals

Balance Sheets (Parentheticals) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Common stock, authorized	300,000,000	300,000,000
Common stock, par value (in Dollars per share)	$0.00	$0.00
Common stock, issued	54,000,000	54,000,000
Common stock, outstanding	54,000,000	54,000,000

Statements_of_Expenses_unaudit

Statements of Expenses (unaudited) (USD $)	3 Months Ended		9 Months Ended		156 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
OPERATING EXPENSES
Consulting fees					$2,500
Interest expense	800	6,193	2,400	10,347	13,337
Mineral property costs					8,370
Office and administrative	2,053	5,551	5,422	19,317	83,267
Professional fees	1,500	54,220	8,800	69,153	227,531
Transfer agent and filing fees	8,170	5,609	15,807	10,562	71,085
Travel	2,040	2,230	2,040	2,230	10,625
Total Operating Expenses	14,563	73,803	34,469	111,609	416,715
OTHER INCOME
Other income			97,862		97,862
NET INCOME (LOSS)	($14,563)	($73,803)	$63,393	($111,609)	($318,853)
NET LOSS PER COMMON SHARE:
Basic and Diluted (in Dollars per share)	$0	$0	$0	$0
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in Shares)	54,000,000	54,000,000	54,000,000	54,000,000

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended		156 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
OPERATING ACTIVITIES
Net income (loss)	$63,393	($111,609)	($318,853)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
- Donated rent	900	900	6,900
Change in operating assets and liabilities:
- Prepaid expenses	650	3,863
-(Decrease) Increase in accounts & interest payable	6,913	25,494	48,688
Net Cash (used in) Operating Activities	71,856	-81,352	-263,265
FINANCING ACTIVITIES
Due to stockholder		1,000	36,627
Proceeds from sale of stock			200,050
Proceeds from issuance of convertible notes payable		32,500	47,500
Proceeds from issuance of promissory note payable		53,500	53,500
Principal payments on long term debt	-28,500		-28,500
Net Cash Provided By Financing Activities	-28,500	87,000	309,177
CHANGE IN CASH	43,356	5,648	45,912
CASH - Beginning of Period	2,556	828
CASH - End of Period	45,912	6,476	45,912
Non-Cash Transactions
Reclass for convertible debentures	$32,500	$15,000	$47,500

1_Basis_of_Financial_Statement

1. Basis of Financial Statement Presentation	3 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements Disclosure [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1.    Basis of Financial Statement Presentation
	The accompanying unaudited interim financial statements of Spire Technologies Inc. (formerly Dravco Mining Inc.)  (“Spire” or the “Company”) have been prepared in accordance with the accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Dravco’s latest Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the most recent year, 2012, as reported in Form 10-K, have been omitted. Operating results for the nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013.

2_Going_Concern

2. Going Concern	3 Months Ended
	Sep. 30, 2013
Going Concern Note [Abstract]
Going Concern Note	2.    Going Concern
	As at September 30, 2013, the Company has never generated any revenues, and has accumulated losses since inception. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The continuation of the Company as a going concern is dependent upon the ability of the Company to meet financial requirements, raise additional capital; which will likely involve the issuance of debt and/or equity securities, and to identify any new business opportunities.

3_Related_Party_Transactions

3. Related Party Transactions	3 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	3.    Related Party Transactions
	The President of the Company is owed $36,627 as of September 30, 2013 for expenses paid on behalf of the Company.  The amount due is unsecured, non-interest bearing and due on demand.
	During the nine months ended September 30, 2013, the President has provided office space valued at $900 which was recorded as donated capital.

4_Convertible_and_Other_Notes_

4. Convertible and Other Notes Payable	3 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	4.    Convertible and Other Notes Payable
	During 2012, the Company borrowed $32,500 under two convertible debentures. The debentures bear interest of 10% per annum. The notes were convertible at a conversion rate equal to the price of any aggregate financing exceeding one million dollars less a 20% discount. The debentures matured on January 31, 2013 and March 1, 2013. As of September 30, 2013, the notes are no longer convertible as the notes are only convertible through maturity date.
	On May 15, 2012, the Company borrowed $28,500 from a non-related party under a promissory note.  The promissory note accrued interest at a rate of 6% per annum and was due in full on June 15, 2012.  On March 15, 2013, the principal and accrued interest on the note were repaid in full.
	On August 31, 2012, the Company borrowed an aggregate of $25,000 from two non-related parties under promissory notes.  The notes bear an interest amount equal to $2,500 and were due on September 15, 2012.  As of the date of this report the promissory notes have not been repaid and are in default.

5_Other_Income

5. Other Income	3 Months Ended
	Sep. 30, 2013
Other Income Disclosure, Nonoperating [Abstract]
Other Income Disclosure, Nonoperating	5.    Other Income
	Other income of $97,862 recorded during the nine months ended September 30, 2013 was a breakup fee paid to the Company to offset due diligence costs incurred in connection with a proposed merger that did not conclude.

6_Stockholders_Equity

6. Stockholders' Equity	3 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	6.    Stockholders' Equity
	On September 23, 2013, the Company increased its authorized common stock from 100,000,000 shares of common stock to 300,000,000 shares of common stock; par value $0.00001 per share which correspondingly effected a forward stock split on a three-for-one (3.1) basis, whereby each shareholder would hold three shares for every one share previously held.
	The Company’s share transactions disclosed in the financial statements have been restated retroactively to reflect the forward stock split for all periods presented.

3_Related_Party_Transactions_D

3. Related Party Transactions (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]
Related Party Transaction, Due from (to) Related Party	$36,627
Occupancy Costs	$900

4_Convertible_and_Other_Notes_1

4. Convertible and Other Notes Payable (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Mar. 15, 2013	Dec. 31, 2012	Dec. 30, 2012	Aug. 31, 2012
Debt Disclosure [Abstract]
Convertible Notes Payable, Current					$32,500
Debt Instrument, Interest Rate Terms	10%
Debt Instrument, Debt Default, Amount			28,500
Convertible Notes Payable				32,500		25,000
Debt Instrument, Convertible, Interest Expense		$2,500

5_Other_Income_Details

5. Other Income (Details) (USD $)	9 Months Ended	156 Months Ended
	Sep. 30, 2013	Sep. 30, 2013
Other Income Disclosure, Nonoperating [Abstract]
Other Income	$97,862	$97,862

6_Stockholders_Equity_Details

6. Stockholders' Equity (Details) (USD $)	156 Months Ended
	Sep. 23, 2013	Sep. 30, 2013	Sep. 22, 2013	Dec. 31, 2012
Stockholders' Equity Note [Abstract]
Common Stock, Shares Authorized	300,000,000	300,000,000	100,000,000	300,000,000
Common Stock, Par or Stated Value Per Share (in Dollars per share)		$0.00		$0.00
Stockholders' Equity Note, Stock Split	three