Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended |
Dec. 31, 2014 | |
Document and Entity Information | |
Entity Registrant Name | ZD VENTURES Corp |
Document Type | 10-Q |
Document Period End Date | 31-Dec-14 |
Amendment Flag | FALSE |
Entity Central Index Key | 1334589 |
Current Fiscal Year End Date | -28 |
Entity Common Stock, Shares Outstanding | 15,943,300 |
Entity Filer Category | Smaller Reporting Company |
Entity Current Reporting Status | Yes |
Entity Voluntary Filers | No |
Entity Well-known Seasoned Issuer | No |
Document Fiscal Year Focus | 2015 |
Document Fiscal Period Focus | Q3 |
Condensed_Balance_Sheets
Condensed Balance Sheets (USD $) | Dec. 31, 2014 | Mar. 31, 2014 |
Current Assets | ||
Cash | $46,826 | $74,415 |
Prepaid expenses | 48,870 | |
Investments, available for sale | 42,350 | |
Total Current Assets | 138,046 | 74,415 |
Rent deposits | 11,459 | |
Furniture | 5,141 | |
Intangible assets | 502,516 | 502,516 |
TOTAL ASSETS | 657,162 | 576,931 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 99,976 | 54,000 |
Short-term loan | 50,000 | |
Advances from stockholder | 374,332 | 186,758 |
Total Current Liabilities | 524,308 | 240,758 |
Long-Term Liabilities | ||
Convertible debt, net | 45,479 | 7,808 |
Note Payable (long-term) | 325,000 | 325,000 |
Total Long-Term Liabilities | 370,479 | 332,808 |
TOTAL LIABILITIES | 894,787 | 573,566 |
STOCKHOLDERS' DEFICIT | ||
Common stock value | 15,943 | 15,943 |
Additional paid-in capital | 170,157 | 170,157 |
Accumulated other comprehensive income | 13,285 | 12,745 |
Accumulated deficit | -437,010 | -195,480 |
Total Stockholders' Deficit | -237,625 | 3,365 |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $657,162 | $576,931 |
Balance_Sheets_parenthetical
Balance Sheets (parenthetical) (USD $) | Dec. 31, 2014 | Mar. 31, 2014 |
Balance Sheet | ||
Accumulated depreciation, furniture | $467 | $0 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares issued | 15,943,300 | 15,943,300 |
Common stock, shares outstanding | 15,943,300 | 15,943,300 |
Condensed_Statements_of_Operat
Condensed Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Statement | ||||
Revenues | ||||
Operating Expenses | ||||
General and administrative expenses | 22,711 | 1,684 | 45,482 | 5,176 |
Professional fees | 10,203 | 1,500 | 53,481 | 7,000 |
Consulting fees | 44,199 | 1,500 | 106,084 | 5,026 |
Total expenses | 77,113 | 4,684 | 205,047 | 17,202 |
Loss from operations | -77,113 | -4,684 | -205,047 | -17,202 |
Gain on disposition of debt | 4,955 | |||
Interest expense | -13,863 | -41,438 | -4,808 | |
Net income (loss) | -90,976 | -4,684 | -241,530 | -22,010 |
Other comprehensive income (loss) | 10,366 | 5,993 | 540 | 4,985 |
Comprehensive income (loss) | ($80,610) | $1,309 | ($240,990) | ($17,025) |
Basic and diluted loss per weighted average common share | ($0.01) | $0 | ($0.02) | $0 |
Number of weighted average common shares outstanding | 15,943,300 | 15,943,300 | 15,943,300 | 15,943,300 |
Condensed_Statements_of_Cash_F
Condensed Statements of Cash Flows (USD $) | 9 Months Ended | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Net loss | ($241,530) | ($22,010) | |
Adjustments to reconcile net loss to net cash used by operating activities: | |||
Forgiveness of debt | -4,955 | ||
Depreciation | 467 | ||
Amortization of note payable discount | 37,672 | ||
Changes in operating assets and liabilities: | |||
(Increase) decrease in prepaid expenses | -470 | ||
(Increase) decrease in rent deposits | -11,459 | ||
Increase (decrease) in accounts payable and accrued liabilities | 50,930 | -21,054 | |
Net cash used in operating activities | -169,345 | -43,064 | |
CASH FLOWS USED IN INVESTING ACTIVITIES | |||
Investments | 42,350 | ||
Advances for investment in company | 48,400 | ||
Furniture | 5,608 | ||
Net cash used in investing activities | -96,358 | ||
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Advances from stockholder | 187,574 | 36,849 | 25,916 |
Proceeds from short-term loan | 50,000 | ||
Net cash provided by financing activities | 237,574 | 36,849 | |
Effects of other comprehensive income | 540 | 4,985 | |
Net increase (decrease) in cash | -27,589 | -1,230 | |
Cash, beginning of period | 74,415 | 3,657 | 3,657 |
Cash, end of period | $46,826 | $2,427 | $74,415 |
Business_Description_and_Summa
Business Description and Summary of Significant Accounting Policies | 3 Months Ended |
Dec. 31, 2014 | |
Notes | |
Business Description and Summary of Significant Accounting Policies | NOTE 1 - BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
(A) Business Description | |
ZD Ventures Corporation (the “Company”), incorporated on February 23, 2005 under the laws of the state of Nevada, operates from rental premises in Barcelona, Spain and from its executive office in Toronto, Ontario, Canada. Most of the activities of the Company to date relate to its organization, funding, and development of a commercial web portal. | |
In July 2012, the Company acquired certain intellectual properties related to a social website under development (Note 5). The company plans to complete the design and development of this web site and to launch it commercially as soon as possible. | |
(B) Basis of Presentation | |
The unaudited interim financial statements as of and for the three and nine months ended December 31, 2014 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments and accruals) necessary to present fairly the balance sheets, operating results and cash flows for the periods presented in accordance with accounting principles generally accepted in the United States of America. Operating results for the three and nine months ended December 31, 2014 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2015. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the SEC’s rules and regulations for interim reporting. | |
The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report filed on Form 10-K for the year ended March 31, 2014. The significant accounting policies followed are same as those detailed in the said Annual Report except for the following new policy adopted during the period ended December 31, 2014: | |
Investments available for sale | |
The Company’s investments in emerging private entities through a Spanish Pledge fund (Fund) are classified as available for sale and are reported at fair value based on performance reports of each of the investee entities provided by the Fund. Unrealized gains and losses, net of taxes, are reported as a component of stockholders’ equity. Realized gains and losses on investments are included in investment and other income, net when realized. Any impairment loss to reduce an investment’s carrying amount to its fair market value is recognized as an expense when a decline in the fair market value of an individual security below its cost or carrying value is determined to be other than temporary. | |
Furniture | |
Furniture items are stated at cost and depreciated to their estimated residual value over their estimated useful lives, which are presently considered to be three years. When assets are retired or otherwise disposed of, the assets and related accumulated depreciation are relieved from the accounts and the resulting gains or losses are included in the Statements of Operations. Repairs and maintenance costs are expensed as incurred. Depreciation is provided using the straight-line method. | |
Use of estimates | |
The financial statements have been prepared in conformity with generally accepted accounting principles (GAAP). In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statement of financial position and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 3 Months Ended |
Dec. 31, 2014 | |
Notes | |
Recent Accounting Pronouncements | NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS |
In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40)-Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). ASU 2014-15 provides guidance to United States Generally Accepted Accounting Principles ("U.S. GAAP") about management’s responsibility to evaluate whether there is a substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Specifically, ASU 2014-15 (1) defines the term substantial doubt, (2) requires an evaluation of every reporting period including interim periods, (3) provides principles for considering the mitigating effect of management’s plan, (4) requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) requires an express statement and other disclosures when substantial doubt is not alleviated, and (6) requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this update are effective for annual periods beginning after December 15, 2016 and interim periods within those reporting periods. Earlier adoption is permitted. This ASU is not anticipated to have a material impact on the Company's financial statements and notes to the financial statements. | |
In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers.” This ASU is the result of a convergence project between the FASB and the International Accounting Standards Board. The core principle behind ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for delivering those goods and services. This model involves a five-step process that includes identifying the contract with the customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction prices to the performance obligations in the contract and recognizing revenue when (or as) the entity satisfies the performance obligations. The guidance in the ASU supersedes existing revenue recognition guidance and is effective for annual reporting periods beginning after December 15, 2016 with early application not permitted. The ASU allows two methods of adoption; a full retrospective approach where three years of financial information are presented in accordance with the new standard, and a modified retrospective approach where the ASU is applied as a cumulative effect adjustment as of the date of adoption. The Company will evaluate the impact of adopting the new standard once it begins generating revenue. | |
In June 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915), Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, "Consolidation” (“ASU 2014-10”). The amendments in ASU 2014-10 remove the definition of a development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from accounting principles generally accepted in the United States of America (“U.S. GAAP”). In addition, the amendments eliminate the requirements for development stage entities to: (i) present inception-to-date information in the statements of income, cash flows, and shareholder equity; (ii) label the financial statements as those of a development stage entity; (iii) disclose a description of the development stage activities in which the entity is engaged; and (iv) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The presentation and disclosure requirements in ASC Topic 915, "Development Stage Entities" are no longer required for interim and annual reporting periods beginning after December 15, 2014. The revised consolidation standards will take effect in annual periods beginning after December 15, 2015, however, early adoption is permitted. The Company has elected to early adopt the provisions of ASU 2014-10 for this unaudited condensed consolidated financial statements. | |
The Company evaluates new pronouncements as issued and evaluates the effect of adoption on the Company at the time. The Company has determined that the adoption of recently adopted accounting pronouncements will not have an impact on the financial statements. |
Prepayments_Disclosure
Prepayments Disclosure | 3 Months Ended | |||||
Dec. 31, 2014 | ||||||
Notes | ||||||
Prepayments Disclosure | NOTE 4 - PREPAYMENTS | |||||
December 31, | March 31, | |||||
2014 | 2014 | |||||
Legal fee paid in advance | $ | 470 | $ | -- | ||
Advance towards acquisition (i) | 48,400 | -- | ||||
$ | 48,870 | $ | -- | |||
(i) The amount, € 40,000, was advanced in instalments between July 2014 and September 2014 to Mr. Sergi Vargas Vila, a non -related Spanish national who owns Bluesence Innovation Group, S.L., a Spanish private company engaged in commercialization of software and IT consulting services primarily relating to IBM software for small and medium enterprises (Bluesence). The Company is currently negotiating acquisition of all shares in Bluesence from Mr. Vila. The amount lent will be adjusted against the purchase price. While the loan agreement dated July 4, 2014 provides for an interest at 4 basis point over EURIBOR rate, the Company does not intend to charge any interest due to acquisition negotiations. No interest has therefore been accrued. The loan will mature for repayment in six months, on or before March 31, 2015, if no acquisition takes place. | ||||||
Intangible_Assets_Disclosure
Intangible Assets Disclosure | 3 Months Ended |
Dec. 31, 2014 | |
Notes | |
Intangible Assets Disclosure | NOTE 5 - INTANGIBLE ASSETS |
There were no movements during the period. | |
As explained in Note 4 of the financial statements for the year ended March 31, 2014, further development work on B’Wished website will commence on receiving approval from IBM for use of their technologies. | |
No amortization is applied to the carrying cost of the intangible assets since they are still under development. | |
The Company’s management adopts the position that, as at December 31, 2014, while the project is being temporarily on hold, there were no indicators of any permanent impairment in the intangible assets. The shareholders financially backing the Company currently have expressed their full support to the development of the B’Wished web site. The modules and design work completed to date are unlikely to be replaced, instead new modules and interactive data capture possibilities will be explored once the required IMB software is available, which will likely to happen after the proposed acquisition of Bluesense ( see note 4). |
Investments_Available_For_Sale
Investments, Available For Sale Disclosure | 3 Months Ended | |||
Dec. 31, 2014 | ||||
Notes | ||||
Investments, Available For Sale Disclosure | NOTE 6- INVESTMENTS, AVAILABLE FOR SALE | |||
On January 27, 2014, the Company became a member of Necotium, a pledge fund in Spain. The Fund on behalf of its members invests in early stage companies with strong growth potential in the technology sector. The investments are usually disposed of when the Fund manager believes that expected growth is achieved. The proceeds are distributed among the members in proportion to their investments, after the Fund’s fees and related costs. | ||||
During the nine months ended December 31, 2014, the Company made the following investments through the Fund. The investments constituted less than 5% of the total equity of the related investee entities: | ||||
Original amount | Date of | As at December 31 | ||
Invested | investment | 2014* | ||
Mailtrack Company SL | € 20,000 | 6-Jun-14 | $24,200 | |
Mobile Media Content | € 15,000 | 16-Apr-14 | 18,150 | |
$42,350 | ||||
* Converted to US dollar at exchange rate at December 31, 2014. | ||||
As at December 31, 2014, the carrying value of these investments is considered equal to their fair value. |
Shortterm_Loan_Disclosure
Short-term Loan Disclosure | 3 Months Ended |
Dec. 31, 2014 | |
Notes | |
Short-term Loan Disclosure | NOTE 7 - SHORT-TERM LOAN |
On December 22, 2014, the Company received a loan of $50,000 from a non related shareholder. The loan carries interest at 5% per annum and is repayable along with interest on or before April 21, 2015. The loan is unsecured and is covered by a promissory note issued by the Company. |
Note_Payable_Disclosure
Note Payable Disclosure | 3 Months Ended |
Dec. 31, 2014 | |
Notes | |
Note Payable Disclosure | NOTE 8 - NOTE PAYABLE |
The note payable issued to Birthday Slam Corporation (“BSC”), a Canadian based private company in Ontario, matured for payment on July 17, 2013. However, the Company negotiated a five-year extension up to July 17, 2018. The note holder agreed that no further interest was to be accrued after the original maturity date of July 17, 2013 and that BSC would be entitled to receive 5% of the gross revenue earned by the Company until full settlement of the Note. BSC is owned by Mr. John Robinson who is a shareholder of the Company. | |
Total interest accrued on this note payable up to July 17, 2013 is $16,250. |
Related_Party_Transactions
Related Party Transactions | 3 Months Ended | |||||
Dec. 31, 2014 | ||||||
Notes | ||||||
Related Party Transactions | NOTE 9 - RELATED PARTY TRANSACTIONS | |||||
(a) ADVANCES FROM STOCKHOLDERS/RELATED PARTIES | ||||||
Nine months to | Year ended | |||||
31-Dec-14 | 31-Mar-14 | |||||
Balance, beginning of the period | $ | 186,758 | $ | 160,842 | ||
Funds advanced | 187,574 | 25,916 | ||||
Balance, end of the period | $ | 374,332 | $ | 186,758 | ||
Funds were advanced from time to time by Current Capital Corporation (“CCC”), a Canadian based private company in Ontario, fully owned by Mr. John Robinson, a shareholder of the Company and brother of the CEO. Advances are repayable on demand and carry no interest; they have therefore been classified as current liabilities. | ||||||
(b) Consulting fee includes $18,000 (nine months to December 31, 2013: $ nil) charged by the CFO, $22,108 (nine months to December 31, 2013: $ nil) charged by CEO and $43,118 (nine months to December 31, 2013: $1,500) charged by a consultant who owns 31.36% equity interest in the Company and who is a brother of the CEO. | ||||||
(c) General and Admin expenses include $6,000 (nine months to December 31, 2013: $ nil) charged by CCC for investor relations and other administrative services. | ||||||
(d) Payables include $12,416(at Dec. 31, 2013: $ nil) due to the CFO, $404 due to CEO (at Dec 31, 2013: $ nil) and $4,235 (as at Dec. 31, 2013: $ nil) due to the consultant who owns 31.36% equity interest in the Company and is a brother of CEO. | ||||||
(e) General and administration expenses include $1,133 telephone expenses and $1,732 travel expenses reimbursed to the consultant who owns 31.36% equity interest in the Company and is a brother of CEO. | ||||||
Commitments
Commitments | 3 Months Ended |
Dec. 31, 2014 | |
Notes | |
Commitments | NOTE 10 - COMMITMENTS |
(a) The Company signed a five year lease in June 2014, for an office space in Barcelona, Spain for a monthly rent of €2,291.74 (approximately $3,140). Landlord agreed to charge only half month’s rent for the first seven months. The lease is cancellable at the option of the Company after twelve months. Monthly rent is fixed for the first three years. | |
Subsequent_Events
Subsequent Events | 3 Months Ended | ||
Dec. 31, 2014 | |||
Notes | |||
Subsequent Events | NOTE 11 - SUBSEQUENT EVENTS | ||
On January 23, 2015, the Company negotiated settlement of the following debts by issuance of restricted shares valued at $0.05 per share: | |||
Principal and accrued interest | No. of shares issued | ||
a. Convertible debt and short term loan | $155,027 | 3,100,548 | |
b. Note payable | $341,250 | 6,825,000 | |
Business_Description_and_Summa1
Business Description and Summary of Significant Accounting Policies: Basis of Presentation (Policies) | 3 Months Ended |
Dec. 31, 2014 | |
Policies | |
Basis of Presentation | (B) Basis of Presentation |
The unaudited interim financial statements as of and for the three and nine months ended December 31, 2014 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments and accruals) necessary to present fairly the balance sheets, operating results and cash flows for the periods presented in accordance with accounting principles generally accepted in the United States of America. Operating results for the three and nine months ended December 31, 2014 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2015. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the SEC’s rules and regulations for interim reporting. | |
The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report filed on Form 10-K for the year ended March 31, 2014. The significant accounting policies followed are same as those detailed in the said Annual Report except for the following new policy adopted during the period ended December 31, 2014: |
Business_Description_and_Summa2
Business Description and Summary of Significant Accounting Policies: Investments Available For Sale, Policy (Policies) | 3 Months Ended |
Dec. 31, 2014 | |
Policies | |
Investments Available For Sale, Policy | Investments available for sale |
The Company’s investments in emerging private entities through a Spanish Pledge fund (Fund) are classified as available for sale and are reported at fair value based on performance reports of each of the investee entities provided by the Fund. Unrealized gains and losses, net of taxes, are reported as a component of stockholders’ equity. Realized gains and losses on investments are included in investment and other income, net when realized. Any impairment loss to reduce an investment’s carrying amount to its fair market value is recognized as an expense when a decline in the fair market value of an individual security below its cost or carrying value is determined to be other than temporary. |
Business_Description_and_Summa3
Business Description and Summary of Significant Accounting Policies: Furniture Policy (Policies) | 3 Months Ended |
Dec. 31, 2014 | |
Policies | |
Furniture Policy | Furniture |
Furniture items are stated at cost and depreciated to their estimated residual value over their estimated useful lives, which are presently considered to be three years. When assets are retired or otherwise disposed of, the assets and related accumulated depreciation are relieved from the accounts and the resulting gains or losses are included in the Statements of Operations. Repairs and maintenance costs are expensed as incurred. Depreciation is provided using the straight-line method. |
Business_Description_and_Summa4
Business Description and Summary of Significant Accounting Policies: Use of Estimates (Policies) | 3 Months Ended |
Dec. 31, 2014 | |
Policies | |
Use of Estimates | Use of estimates |
The financial statements have been prepared in conformity with generally accepted accounting principles (GAAP). In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statement of financial position and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. |
Going_Concern_Policies
Going Concern (Policies) | 3 Months Ended |
Dec. 31, 2014 | |
Policies | |
Going Concern | NOTE 2 - GOING CONCERN |
The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. | |
In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from significant shareholders sufficient to complete the design and development of its website, to meet its minimal operating expenses and seeking equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. | |
As explained in note 4, the Company plans to acquire a Spanish private corporation engaged in providing IBM software and IT services to small and medium enterprises across Europe. Such an acquisition, when completed will generate revenue flow for the Company. | |
The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraphs and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. As of December 31, 2014, the Company has an accumulated deficit amount of $437,010. |
Prepayments_Disclosure_Schedul
Prepayments Disclosure: Schedule of Prepayments (Tables) | 3 Months Ended | |||||
Dec. 31, 2014 | ||||||
Tables/Schedules | ||||||
Schedule of Prepayments | ||||||
December 31, | March 31, | |||||
2014 | 2014 | |||||
Legal fee paid in advance | $ | 470 | $ | -- | ||
Advance towards acquisition (i) | 48,400 | -- | ||||
$ | 48,870 | $ | -- |
Investments_Available_For_Sale1
Investments, Available For Sale Disclosure: Schedule of Investments (Tables) | 3 Months Ended | |||
Dec. 31, 2014 | ||||
Tables/Schedules | ||||
Schedule of Investments | ||||
Original amount | Date of | As at December 31 | ||
Invested | investment | 2014* | ||
Mailtrack Company SL | € 20,000 | 6-Jun-14 | $24,200 | |
Mobile Media Content | € 15,000 | 16-Apr-14 | 18,150 | |
$42,350 |
Related_Party_Transactions_Sch
Related Party Transactions: Schedule of advances from related parties (Tables) | 3 Months Ended | |||||
Dec. 31, 2014 | ||||||
Tables/Schedules | ||||||
Schedule of advances from related parties | ||||||
Nine months to | Year ended | |||||
31-Dec-14 | 31-Mar-14 | |||||
Balance, beginning of the period | $ | 186,758 | $ | 160,842 | ||
Funds advanced | 187,574 | 25,916 | ||||
Balance, end of the period | $ | 374,332 | $ | 186,758 |
Subsequent_Events_Schedule_of_
Subsequent Events: Schedule of Subsequent Events (Tables) | 3 Months Ended | ||
Dec. 31, 2014 | |||
Tables/Schedules | |||
Schedule of Subsequent Events | |||
Principal and accrued interest | No. of shares issued | ||
a. Convertible debt and short term loan | $155,027 | 3,100,548 | |
b. Note payable | $341,250 | 6,825,000 |
Going_Concern_Details
Going Concern (Details) (USD $) | Dec. 31, 2014 | Mar. 31, 2014 |
Details | ||
Accumulated deficit | $437,010 | $195,480 |
Prepayments_Disclosure_Schedul1
Prepayments Disclosure: Schedule of Prepayments (Details) (USD $) | Dec. 31, 2014 |
Prepaid expenses | $48,870 |
Legal fee paid in advance | |
Prepaid expenses | 470 |
Advance towards acquisition | |
Prepaid expenses | $48,400 |
Investments_Available_For_Sale2
Investments, Available For Sale Disclosure: Schedule of Investments (Details) (USD $) | 9 Months Ended |
Dec. 31, 2014 | |
Investments in early stage companies | $42,350 |
Mailtrack Company SL | |
Investments in early stage companies | 24,200 |
Mobile Media Content | |
Investments in early stage companies | $18,150 |
Shortterm_Loan_Disclosure_Deta
Short-term Loan Disclosure (Details) (USD $) | 9 Months Ended |
Dec. 31, 2014 | |
Details | |
Proceeds from short-term loan | $50,000 |
Note_Payable_Disclosure_Detail
Note Payable Disclosure (Details) (Birthday Slam Corporation, USD $) | Jul. 17, 2013 |
Birthday Slam Corporation | |
Accrued interest on note payable | $16,250 |
Related_Party_Transactions_Sch1
Related Party Transactions: Schedule of advances from related parties (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | |
Details | ||||
Advances, due to stockholder | $374,332 | $186,758 | $160,842 | |
Funds advanced during the period | $187,574 | $36,849 | $25,916 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 9 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Consulting fee, CFO | ||
Expenses from transactions with related parties | $18,000 | |
Consulting fee, CEO | ||
Expenses from transactions with related parties | 22,108 | |
Consulting fee, majority owner | ||
Expenses from transactions with related parties | 43,118 | 1,500 |
General and administration expenses, charged by CCC for investor relations and other administrative services | ||
Expenses from transactions with related parties | 6,000 | |
Due to the CFO | ||
Related party payables | 12,416 | |
Due to the CEO | ||
Related party payables | 404 | |
Due to a majority owner | ||
Related party payables | 4,235 | |
General and administration expenses, telephone expenses - majority owner | ||
Expenses from transactions with related parties | 1,133 | |
General and administration expenses, travel expenses - majority owner | ||
Expenses from transactions with related parties | $1,732 |
Commitments_Details
Commitments (Details) (USD $) | Dec. 31, 2014 |
Details | |
Office space lease, monthly rent | $3,140 |
Subsequent_Events_Schedule_of_1
Subsequent Events: Schedule of Subsequent Events (Details) (USD $) | 13 Months Ended |
Jan. 23, 2015 | |
Convertible debt and short term loan settlement | |
Amount of debt settled | $155,027 |
Restricted common stock issued for debt settlement | 3,100,548 |
Note payable settlement | |
Amount of debt settled | $341,250 |
Restricted common stock issued for debt settlement | 6,825,000 |