Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Aug. 31, 2013 | Oct. 15, 2013 | |
Document Type | 10-Q | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Aug-13 | |
Trading Symbol | pedx | |
Entity Registrant Name | QUINT MEDIA INC. | |
Entity Central Index Key | 1362703 | |
Current Fiscal Year End Date | -26 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 62,508,000 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well Known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2014 | |
Document Fiscal Period Focus | Q2 |
Balance_Sheets
Balance Sheets (USD $) | Aug. 31, 2013 | Feb. 28, 2013 |
Current Assets | ||
Cash and cash equivalents | $56,414 | $512,484 |
Prepaid expenses | 21,146 | 22,635 |
Total Current Assets | 77,560 | 535,119 |
Website and website development cost | 150,600 | 0 |
Assets from discontinued operations | 200,000 | 250,556 |
Total Assets | 428,160 | 785,675 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 102,125 | 104,728 |
Accounts payable and accrued liabilities, related party | 51,672 | 0 |
Short-term notes payable | 300,000 | 500,000 |
Liabilities from discontinued operations | 122,416 | 119,382 |
Total current liabilities | 576,213 | 724,110 |
Stockholders' equity (deficit) | ||
Capital stock Authorized 450,000,000 common shares, par value $0.0001 Issued and outstanding February 28, 2013 - 62,508,000 common shares August 31, 2013 - 62,508,000 common shares | 6,251 | 6,251 |
Additional paid-in capital | 2,622,578 | 2,622,578 |
Deficit accumulated during the development stage | -2,776,882 | -2,567,264 |
Total stockholders' equity (deficit) | -148,053 | 61,565 |
Total liabilities and stockholders' equity (deficit) | $428,160 | $785,675 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Aug. 31, 2013 | Feb. 28, 2013 |
Common Stock, Shares Authorized | 450,000,000 | 450,000,000 |
Common Stock, Par Value Per Share | $0.00 | $0.00 |
Common Stock, Shares, Issued | 62,508,000 | 62,508,000 |
Common Stock, Shares, Outstanding | 62,508,000 | 62,508,000 |
Statement_of_Operations
Statement of Operations (USD $) | 3 Months Ended | 6 Months Ended | 101 Months Ended | ||
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
Net revenues | $0 | $0 | $0 | $0 | $0 |
Expenses | |||||
Professional fees | 69,314 | 19,111 | 114,220 | 112,326 | 675,693 |
Salaries and wages | 0 | 53,641 | 0 | 109,105 | 654,204 |
General and administrative | 44,932 | 31,084 | 71,562 | 206,181 | 1,009,962 |
Total Expenses | 114,246 | 103,836 | 185,782 | 427,612 | 2,339,859 |
Other Income (Expenses) | |||||
Interest Expense | -9,074 | -9,924 | -18,093 | -16,122 | -104,896 |
Other income | 567 | 0 | 567 | 0 | 0 |
Net Loss From Continuing Operations | -122,753 | -113,760 | -203,308 | -443,734 | -2,444,755 |
Income (Loss) From Discontinued Operations | -5,721 | 1,017,389 | -6,310 | 1,022,406 | -332,127 |
Net Income (Loss) | ($128,474) | $903,629 | ($209,618) | $578,672 | ($2,776,882) |
Basic and diluted loss per common share from continuing operations | $0 | $0 | $0 | ($0.01) | |
Basic and diluted income (loss) per common share from discontinued operations | $0 | $0.02 | $0 | $0.02 | |
Basic and diluted income (loss) per common share | $0 | $0.01 | $0 | $0.01 | |
Weighted average number of common shares | 62,508,000 | 62,508,000 | 62,508,000 | 62,508,000 |
Statement_of_Cash_Flows
Statement of Cash Flows (USD $) | 6 Months Ended | 101 Months Ended | |
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
Cash Flows From Operating Activities | |||
Net income (loss) | ($209,618) | $578,672 | ($2,776,882) |
Items to reconcile net loss to net cash used in operating activities: | |||
Contributions to capital by related parties - expenses | 0 | 0 | 58,799 |
Contributions to capital by related party - forgiveness of debt | 0 | 0 | 38,950 |
Common shares issued for services | 0 | 0 | 30 |
Stock based compensation | 0 | 132,138 | 346,050 |
(Increase) decrease in prepaid expenses and deposits | 1,489 | 2,755 | -21,146 |
Increase in accounts payable and accrued liabilities, related party | 51,672 | 0 | 51,672 |
Increase (decrease) in accounts payable and accrued liabilities | -2,603 | 6,230 | 226,506 |
Net cash provided by (used in) continuing operations | -159,060 | 719,795 | -2,076,021 |
Net cash provided by (used in) discontinued operations | 53,590 | -912,763 | -148,830 |
Net cash used in operating activities | -105,470 | -192,968 | -2,224,851 |
Cash Flows From Investing Activities | |||
Acquisition of SlickX and Flawsome | -50,000 | 0 | -50,000 |
Capitalized website and website development costs | -100,600 | 0 | -100,600 |
Net cash used in continuing investing activities | -150,600 | 0 | -150,600 |
Net cash used in discontinued investing activities | 0 | 0 | -53,135 |
Net cash used in investing activities | -150,600 | 0 | -203,735 |
Cash Flows From Financing Activities | |||
Proceeds from issuance of promissory notes | 0 | 0 | 705,000 |
Principal payments on promissory notes | -200,000 | 0 | -200,000 |
Common shares returned to treasury | 0 | 0 | -5,000 |
Proceeds from issuance of common stock | 0 | 0 | 1,985,000 |
Cash provided by (used in) financing activities | -200,000 | 0 | 2,485,000 |
Increase (decrease) in cash and cash equivalents | -456,070 | -192,968 | 56,414 |
Cash and cash equivalents, beginning of period | 512,484 | 258,140 | 0 |
Cash and cash equivalents, end of period | 56,414 | 65,172 | 56,414 |
Noncash investing activity | |||
Apricus Biosciences, Inc. common stock received in consideration for termination of merger agreement | $0 | $0 | $1,000,000 |
Nature_of_Operations_Continuan
Nature of Operations, Continuance of Business, and Basis of Presentation | 6 Months Ended | |
Aug. 31, 2013 | ||
Nature of Operations, Continuance of Business, and Basis of Presentation [Text Block] | 1 | Nature of Operations, Continuance of Business, and Basis of Presentation |
The accompanying unaudited condensed financial statements of Quint Media, Inc. (formerly PediatRx Inc.) (the “Company” or “Quint”) have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission, or the SEC, including the instructions to Form 10-Q and Regulation S-X. In the opinion of the management of Quint, all adjustments, which are of a normal recurring nature, necessary for a fair statement of the results for the three month periods and for the period from the date of inception have been made. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year. When used in these notes, the terms “Company”, “we” , “us” or “our” mean Quint Media, Inc. Certain information and note disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America has been condensed or omitted from these statements pursuant to such accounting principles and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements for the year ended February 28, 2013. | ||
From the date of its acquisition of Granisol ® (granisetron #C1) oral solution (“Granisol”), on July 23, 2010, until early this year, Quint engaged in the pharmaceutical business. Quint has decided to divest itself of the balance of its pharmaceutical assets and engage in the digital media business. Quint has evaluated Granisol and believes that upon sale Quint will be able to receive the net realizable value of $200,000 net of any commissions as currently stated on the balance sheet as of August 31, 2013. | ||
Quint is in the process of transitioning to its new operating business, digital media. The digital media business encompasses entrance into the social discovery aspects of the internet, primarily through the development of an engagement website with mobile and tablet applications. Quint capitalizes costs of licenses for the use of Internet domain names or Universal Resource Locators, website development costs, other information technology licenses and marketing and technology related intangibles. All such assets are capitalized at their original cost and upon substantial completion, will be amortized over their estimated useful. | ||
Effective August 7, 2013, Quint effected a three-for-one forward stock split of our authorized, and issued and outstanding shares of common stock. Authorized common stock increased from 150,000,000 shares of common stock to 450,000,000 shares of common stock, and issued and outstanding capital increased from 20,836,000 shares of common stock to 62,508,000 shares of common stock. All references to Quint common stock have been retroactively restated to reflect the effect of the forward split. | ||
Going_Concern
Going Concern | 6 Months Ended | |
Aug. 31, 2013 | ||
Going Concern [Text Block] | 2 | Going Concern |
Quint’s financial statements as of August 31, 2013 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. Quint has a net loss of $209,618 for the six month period ended August, 31, 2013 and a cumulative deficit of $2,776,882 at August 31, 2013. The losses from operations of Quint raise substantial doubt about Quint’s ability to continue as a going concern. | ||
Management cannot provide assurance that Quint will ultimately achieve profitable operations or become cash flow positive, or raise additional debt and/or equity capital. Management believes that Quint’s capital resources are not currently adequate to continue operating and maintaining its business strategy for the fiscal year ending February 28, 2014. Quint will seek to raise capital through additional debt and/or equity financings to fund its operations in the future. Although Quint has historically raised capital from sales of equity and from the issuance of promissory notes, there is no assurance that it will be able to continue to do so. If Quint is unable to raise additional capital or secure additional lending in the near future, management expects that Quint will need to curtail or cease operations. These unaudited financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should Quint be unable to continue as a going concern. | ||
As of August 31, 2013, Quint was in the process of transitioning to its new operating business and expects to incur operating losses for the next twelve months as it moves forward. This new operating business encompasses entrance into the social discovery aspects of the internet; primarily development of an engagement website with mobile and tablet application. | ||
Related_Party_Transactions
Related Party Transactions | 6 Months Ended | |
Aug. 31, 2013 | ||
Related Party Transactions [Text Block] | 3 | Related Party Transactions |
On March 8, 2013, the Company entered into a Business Development/Advisory Services Agreement with Phys Pharma LLC, a company of which Dr. Durrant is a principal, pursuant to which Phys Pharma agreed to provide the Company a list of select biopharmaceutical companies which might have an interest in acquiring Granisol and assist the Company in marketing and selling Granisol to the prospective purchasers. If the Company sells Granisol to the prospective purchaser introduced by Phys Pharma, the Company agreed to pay Phys Pharma a fee in an amount equal to 20% of the net proceeds received by the Company at closing. | ||
On April 5, 2013, and pursuant to a purchase and sale agreement dated for reference March 5, 2013, Dr. Cameron Durrant, our former President, Chief Executive Officer and director, sold to Constantin Dietrich, a director of our company, 12,750,000 shares of our common stock for total consideration of $51,000. Mr. Dietrich paid the $51,000 purchase price for these shares using cash on hand. In addition, Mr. Dietrich assumed all of Dr. Durrant’s obligations under the Lock-Up Agreement between Dr. Durrant and our company dated February 9, 2011, pursuant to which 8,499,999 of the 12,750,000 shares sold by Dr. Durrant remain “locked up”. Our company has consented to the transfer of the shares and to the assignment and assumption of the obligations under the Lock-Up Agreement. Also on April 5, 2013, and pursuant to a purchase and sale agreement dated for reference March 8, 2013, David Tousley, our former Chief Financial Officer, Secretary, Treasurer and director, sold to Joseph Carusone, our Vice President, Investor Relations and a member of our Board of Directors, 1,200,000 shares of our common stock for total consideration of $9,600. Mr. Carusone paid the $9,600 purchase price for these shares using cash on hand. In addition, Mr. Carusone assumed all of Mr. Tousley’s obligations under the Lock-Up Agreement between Mr. Tousley and our company dated February 9, 2011, pursuant to which 799,998 of the 1,200,000 shares sold by Mr. Tousley remain “locked up”. Our company has consented to the transfer of the shares and to the assignment and assumption of the obligations under the Lock-Up Agreement. | ||
On May 17, 2013, the Company entered into a definitive Web Site Asset Purchase Agreement (the “Agreement”) with Lakefield Media Holding AG and its wholly-owned subsidiary, Flawsome XLerator GmbH (Flawsome). Constantin Dietrich, our current president and director of our company, is the founder and Chief Executive Officer of Lakefield Media Holding AG, which wholly-owns Flawsome.Pursuant to the Agreement, the Company acquired the internet domain name “Slickx.com”, the website and related software, intellectual property rights, accounts, contracts, goodwill and infrastructure for $50,000. This transaction was completed on May 21, 2013. | ||
On May 29, 2013 the Company entered into a consulting agreement with Flawsome, whereby Flawsome agreed to provide us with certain services, including general management, product management, requirements engineering, quality management, project management, design creation, development team lead, deployment management, content management, reporting services, web development, mobile development, basic content creation, server hosting and monitoring and update services. In return, we agreed to pay Flawsome a consulting fee on a monthly basis. The agreement will terminate on December 31, 2013 or can be terminated by either party with two months’ notice. During the six months ended August 31, 2013, the Company capitalized $150,600 in software development costs contracted through Flawsome related to the “Slickx.com” website. As of August 31, 2013, the Company owes $25,000 to Flawsome for website development services. | ||
As of August 31, 2013, the Company owes $26,672 for consulting services to a Company whose shareholder is a director of the Company. The payable does not bear interest and is due on demand. |
Shortterm_notes_payable
Short-term notes payable | 6 Months Ended | ||||||||
Aug. 31, 2013 | |||||||||
Short-term notes payable [Text Block] | 4 | Short-term notes payable | |||||||
August 31, | February 28, | ||||||||
2013 | 2013 | ||||||||
Issued on June 15, 2009, this unsecured promissory note, originally bearing interest at five percent ( 5%) per annum on the principal balance of $50,000, was originally due on June 15, 2011. Effective May 18, 2011 this promissory note was amended whereby the maturity date of the note was extended until February 28, 2013. The promissory note is now past due and the principal amount or such portion thereof as shall remain outstanding from time to time shall accrue simple interest, calculated monthly in arrears, at a rate of 12% per annum commencing on the date of the promissory note and payable at maturity. Effective September 1, 2013, this promissory note was amended whereby the maturity date of the note was extended until June 30, 2014 and the interest rate was reduced to 7%. | $ | 50,000 | $ | 50,000 | |||||
Issued on July 26, 2010, this unsecured promissory note, bearing interest at five percent ( 5%) per annum on the principal balance of $200,000, was originally due on July 26, 2011. Effective May 23, 2011 this promissory note was amended whereby the maturity date of the note was extended until February 28, 2013. The promissory note was paid in full in March 2013. | - 0 - | 200,000 | |||||||
Issued on May 6, 2011, this unsecured promissory note, originally bearing interest at five percent ( 5%) per annum on the principal balance of $250,000, was originally due on February 28, 2013. The promissory note is past due and the principal amount or such portion thereof as shall remain outstanding from time to time shall accrue simple interest, calculated monthly in arrears, at a rate of 12% per annum commencing on the date of the promissory note and payable at maturity. Effective September 1, 2013, this promissory note was amended whereby the maturity date of the note was extended until June 30, 2014 and the interest rate was reduced to 7%. | 250,000 | 250,000 | |||||||
Total Promissory Notes | $ | 300,000 | $ | 500,000 | |||||
As of August 31, 2013, Quint entered into an amendment of a previously amended unsecured promissory note originally dated June 15, 2009 in the principal amount of $50,000. Effective September 1, 2013, the maturity date of the note has been extended from December 31, 2012 until June 30, 2014 and the interest rate on the outstanding principal balance has been deceased from twelve percent per annum to seven percent per annum. All other terms of the promissory note remain the same. | |||||||||
In addition, as of August 31, 2013, we entered into an amendment of a previously amended unsecured promissory note originally dated May 6, 2011 in the principal amount of $250,000. Effective September 1, 2013, the maturity date of the note has been extended from December 31, 2012 until June 30, 2014 and the interest rate on the outstanding principal balance has been deceased from twelve percent per annum to seven percent per annum. All other terms of the promissory note remain the same. | |||||||||
The Company determined that concessions granted in the form of extensions of the due dates and reductions in interest rates on these above mentioned promissory notes are considered debt modifications as defined under Accounting Standards Codification 470-60, “Troubled Debt Restructurings by Debtors”. | |||||||||
Accrued interest on promissory notes payable totaled $62,762 and $78,968 at August 31, 2013 and February 28, 2013, respectively. | |||||||||
Discontinued_Operations
Discontinued Operations | 6 Months Ended | ||||||||||||||||
Aug. 31, 2013 | |||||||||||||||||
Discontinued Operations [Text Block] | 5 | Discontinued Operations | |||||||||||||||
During the period ended August 31, 2013, the Company’s management elected to discontinue the operations of its pharmaceutical business, divest itself of the balance of its pharmaceutical assets and engage in the digital media business. As such, all assets, liabilities and expenses of the pharmaceutical business have been presented as discontinued operations in the consolidated financial statements. A summary of those assets and liabilities as of August 31, 2013 and February 28, 2013 and revenues and expenses as of August 31, 2013 and 2012 and from Inception March 18, 2005 through August 31, 2013: | |||||||||||||||||
August 31, | February 28, | ||||||||||||||||
2013 | 2013 | ||||||||||||||||
Assets from discontinued operations | |||||||||||||||||
Accounts receivable, net of reserves | - | 50,556 | |||||||||||||||
Intangible assets, net (available for sale) | 200,000 | 200,000 | |||||||||||||||
Total Assets | $ | 200,000 | $ | 250,556 | |||||||||||||
Liabilities from discontinued operations | |||||||||||||||||
Accounts payable and accrued liabilities | $ | 122,416 | $ | 119,382 | |||||||||||||
For the Period | |||||||||||||||||
from Inception | |||||||||||||||||
For the Three Months Ended | For the Six Months Ended | on March 18, | |||||||||||||||
August 31, | August 31, | 2005 Through | |||||||||||||||
2013 | 2012 | 2013 | 2012 | 31-Aug-13 | |||||||||||||
Net revenues | $ | - | $ | 52,063 | $ | - | $ | 120,640 | $ | 1,125,207 | |||||||
Expenses | |||||||||||||||||
Cost of goods sold | 5,721 | 6,938 | 6,310 | 35,124 | 363,081 | ||||||||||||
Amortization expense | - | 22,071 | - | 44,141 | 682,820 | ||||||||||||
Consulting fees | - | 1,010 | - | 3,034 | 631,186 | ||||||||||||
Write down of mineral property acquisition costs | - | - | - | - | 5,000 | ||||||||||||
Management fees | - | - | - | - | 48,000 | ||||||||||||
Mineral property rights | - | - | - | - | 15,124 | ||||||||||||
Marketing | - | 4,655 | - | 15,935 | 629,348 | ||||||||||||
Total Expenses | 5,721 | 34,672 | 6,310 | 98,234 | 2,374,559 | ||||||||||||
Other Income (Expenses) | |||||||||||||||||
Gain on sale of product rights | - | - | - | - | 64,900 | ||||||||||||
Other income | - | 1,000,000 | 1,000,000 | 852,325 | |||||||||||||
Net Income (Loss) From Discontinued Operations | $ | (5,721 | ) | $ | 1,017,389 | $ | (6,310 | ) | $ | 1,022,406 | $ | (332,127 | ) |
Subsequent_Events
Subsequent Events | 6 Months Ended | |
Aug. 31, 2013 | ||
Subsequent Events [Text Block] | 6 | Subsequent Events |
On September 24, 2013, Quint issued a promissory note dated September 24, 2013 in the amount of $100,000. The promissory note is payable in full on June 30, 2014 and the principal amount or such portion thereof as shall remain outstanding from time to time shall accrue simple interest, calculated monthly in arrears, at a rate of seven percent per annum commencing on the date of the promissory note and payable at maturity. | ||
Quint may prepay all or any portion of the principal sum without prior notice to, or the consent of, the lender, at any time and from time-to-time during the term of the promissory note. |
Shortterm_notes_payable_Tables
Short-term notes payable (Tables) | 6 Months Ended | ||||||||
Aug. 31, 2013 | |||||||||
Schedule of Debt [Table Text Block] | August 31, | February 28, | |||||||
2013 | 2013 | ||||||||
Issued on June 15, 2009, this unsecured promissory note, originally bearing interest at five percent ( 5%) per annum on the principal balance of $50,000, was originally due on June 15, 2011. Effective May 18, 2011 this promissory note was amended whereby the maturity date of the note was extended until February 28, 2013. The promissory note is now past due and the principal amount or such portion thereof as shall remain outstanding from time to time shall accrue simple interest, calculated monthly in arrears, at a rate of 12% per annum commencing on the date of the promissory note and payable at maturity. Effective September 1, 2013, this promissory note was amended whereby the maturity date of the note was extended until June 30, 2014 and the interest rate was reduced to 7%. | $ | 50,000 | $ | 50,000 | |||||
Issued on July 26, 2010, this unsecured promissory note, bearing interest at five percent ( 5%) per annum on the principal balance of $200,000, was originally due on July 26, 2011. Effective May 23, 2011 this promissory note was amended whereby the maturity date of the note was extended until February 28, 2013. The promissory note was paid in full in March 2013. | - 0 - | 200,000 | |||||||
Issued on May 6, 2011, this unsecured promissory note, originally bearing interest at five percent ( 5%) per annum on the principal balance of $250,000, was originally due on February 28, 2013. The promissory note is past due and the principal amount or such portion thereof as shall remain outstanding from time to time shall accrue simple interest, calculated monthly in arrears, at a rate of 12% per annum commencing on the date of the promissory note and payable at maturity. Effective September 1, 2013, this promissory note was amended whereby the maturity date of the note was extended until June 30, 2014 and the interest rate was reduced to 7%. | 250,000 | 250,000 | |||||||
Total Promissory Notes | $ | 300,000 | $ | 500,000 |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 6 Months Ended | ||||||||||||||||
Aug. 31, 2013 | |||||||||||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Balance Sheet Disclosures [Table Text Block] | August 31, | February 28, | |||||||||||||||
2013 | 2013 | ||||||||||||||||
Assets from discontinued operations | |||||||||||||||||
Accounts receivable, net of reserves | - | 50,556 | |||||||||||||||
Intangible assets, net (available for sale) | 200,000 | 200,000 | |||||||||||||||
Total Assets | $ | 200,000 | $ | 250,556 | |||||||||||||
Liabilities from discontinued operations | |||||||||||||||||
Accounts payable and accrued liabilities | $ | 122,416 | $ | 119,382 | |||||||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement Disclosures [Table Text Block] | For the Period | ||||||||||||||||
from Inception | |||||||||||||||||
For the Three Months Ended | For the Six Months Ended | on March 18, | |||||||||||||||
August 31, | August 31, | 2005 Through | |||||||||||||||
2013 | 2012 | 2013 | 2012 | 31-Aug-13 | |||||||||||||
Net revenues | $ | - | $ | 52,063 | $ | - | $ | 120,640 | $ | 1,125,207 | |||||||
Expenses | |||||||||||||||||
Cost of goods sold | 5,721 | 6,938 | 6,310 | 35,124 | 363,081 | ||||||||||||
Amortization expense | - | 22,071 | - | 44,141 | 682,820 | ||||||||||||
Consulting fees | - | 1,010 | - | 3,034 | 631,186 | ||||||||||||
Write down of mineral property acquisition costs | - | - | - | - | 5,000 | ||||||||||||
Management fees | - | - | - | - | 48,000 | ||||||||||||
Mineral property rights | - | - | - | - | 15,124 | ||||||||||||
Marketing | - | 4,655 | - | 15,935 | 629,348 | ||||||||||||
Total Expenses | 5,721 | 34,672 | 6,310 | 98,234 | 2,374,559 | ||||||||||||
Other Income (Expenses) | |||||||||||||||||
Gain on sale of product rights | - | - | - | - | 64,900 | ||||||||||||
Other income | - | 1,000,000 | 1,000,000 | 852,325 | |||||||||||||
Net Income (Loss) From Discontinued Operations | $ | (5,721 | ) | $ | 1,017,389 | $ | (6,310 | ) | $ | 1,022,406 | $ | (332,127 | ) |
Nature_of_Operations_Continuan1
Nature of Operations, Continuance of Business, and Basis of Presentation (Narrative) (Details) (USD $) | 1 Months Ended | |||
Aug. 31, 2013 | Aug. 07, 2013 | Aug. 06, 2013 | Feb. 28, 2013 | |
Assets from discontinued operations | $200,000 | $250,556 | ||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 3 | |||
Common Stock, Shares Authorized | 450,000,000 | 450,000,000 | 150,000,000 | 450,000,000 |
Common Stock, Shares, Issued | 62,508,000 | 62,508,000 | 20,836,000 | 62,508,000 |
Common Stock, Shares, Outstanding | 62,508,000 | 62,508,000 | 20,836,000 | 62,508,000 |
Going_Concern_Narrative_Detail
Going Concern (Narrative) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 101 Months Ended | ||
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
Net Loss (Income) | $128,474 | ($903,629) | $209,618 | ($578,672) | $2,776,882 |
Accumulated Deficit | $2,776,882 | $2,776,882 | $2,776,882 |
Related_Party_Transactions_Nar
Related Party Transactions (Narrative) (Details) (USD $) | 6 Months Ended | 101 Months Ended | 1 Months Ended | |||||||
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | Feb. 28, 2013 | 31-May-13 | Mar. 31, 2013 | Apr. 30, 2013 | Apr. 30, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | |
Acquisition of Slickx [Member] | Phys Pharma LLC [Member] | Mr. Carusone [Member] | Mr. Dietrich [Member] | Flawsome [Member] | a Company whose shareholder is a director of the Company [Member] | |||||
Website Development [Member] | Consulting [Member] | |||||||||
Referral fee percent | 20.00% | |||||||||
Stock Issued During Period, Shares, Issued for Cash | 1,200,000 | 12,750,000 | ||||||||
Stock Issued During Period, Value, Issued for Cash | $9,600 | $51,000 | ||||||||
Common stock, locked-up | 799,998 | 8,499,999 | ||||||||
Acquisition of SlickX and Flawsome | 50,000 | 0 | 50,000 | 50,000 | ||||||
Website and website development cost | 150,600 | 150,600 | 0 | 150,600 | ||||||
Due to Related Parties, Current | $25,000 | $26,672 |
Shortterm_notes_payable_Narrat
Short-term notes payable (Narrative) (Details) (USD $) | Aug. 31, 2013 | Feb. 28, 2013 | Sep. 01, 2013 | Aug. 31, 2013 | Feb. 28, 2013 | Jun. 15, 2009 | Sep. 01, 2013 | Aug. 31, 2013 | Feb. 28, 2013 | 6-May-11 |
Unsecured Promissory Note Issued on June 15, 2009 [Member] | Unsecured Promissory Note Issued on June 15, 2009 [Member] | Unsecured Promissory Note Issued on June 15, 2009 [Member] | Unsecured Promissory Note Issued on June 15, 2009 [Member] | Unsecured Promissory Note Issued on May 6, 2011 [Member] | Unsecured Promissory Note Issued on May 6, 2011 [Member] | Unsecured Promissory Note Issued on May 6, 2011 [Member] | Unsecured Promissory Note Issued on May 6, 2011 [Member] | |||
Promissory notes | $300,000 | $500,000 | $50,000 | $50,000 | $50,000 | $250,000 | $250,000 | $250,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | 12.00% | 5.00% | 7.00% | 12.00% | 5.00% | ||||
Accrued interest on promissory notes payable | $62,762 | $78,968 |
Subsequent_Events_Narrative_De
Subsequent Events (Narrative) (Details) (Subsequent Event [Member], USD $) | 6 Months Ended |
Aug. 31, 2013 | |
Subsequent Event [Member] | |
Notes Issued | $100,000 |
Debt Instrument, Interest Rate, Stated Percentage | 7.00% |
Schedule_of_Debt_Details
Schedule of Debt (Details) (USD $) | Aug. 31, 2013 | Feb. 28, 2013 | Sep. 01, 2013 | Aug. 31, 2013 | Feb. 28, 2013 | Jun. 15, 2009 | Aug. 31, 2013 | Feb. 28, 2013 | Jul. 26, 2010 | Sep. 01, 2013 | Aug. 31, 2013 | Feb. 28, 2013 | 6-May-11 |
Unsecured Promissory Note Issued on June 15, 2009 [Member] | Unsecured Promissory Note Issued on June 15, 2009 [Member] | Unsecured Promissory Note Issued on June 15, 2009 [Member] | Unsecured Promissory Note Issued on June 15, 2009 [Member] | Unsecured Promissory Note Issued on July 26, 2010 [Member] | Unsecured Promissory Note Issued on July 26, 2010 [Member] | Unsecured Promissory Note Issued on July 26, 2010 [Member] | Unsecured Promissory Note Issued on May 6, 2011 [Member] | Unsecured Promissory Note Issued on May 6, 2011 [Member] | Unsecured Promissory Note Issued on May 6, 2011 [Member] | Unsecured Promissory Note Issued on May 6, 2011 [Member] | |||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | 12.00% | 5.00% | 5.00% | 7.00% | 12.00% | 5.00% | ||||||
Promissory notes | $300,000 | $500,000 | $50,000 | $50,000 | $50,000 | $0 | $200,000 | $200,000 | $250,000 | $250,000 | $250,000 |
Schedule_of_Disposal_Groups_In
Schedule of Disposal Groups, Including Discontinued Operations, Balance Sheet Disclosures (Details) (USD $) | Aug. 31, 2013 | Feb. 28, 2013 |
Accounts receivable, net of reserves | $0 | $50,556 |
Intangible assets, net (available for sale) | 200,000 | 200,000 |
Total Assets | 200,000 | 250,556 |
Accounts payable and accrued liabilities | $122,416 | $119,382 |
Schedule_of_Disposal_Groups_In1
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement Disclosures (Details) (USD $) | 3 Months Ended | 6 Months Ended | 101 Months Ended | ||
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
Net revenues | $0 | $52,063 | $0 | $120,640 | $1,125,207 |
Cost of goods sold | 5,721 | 6,938 | 6,310 | 35,124 | 363,081 |
Amortization expense | 0 | 22,071 | 0 | 44,141 | 682,820 |
Consulting fees | 0 | 1,010 | 0 | 3,034 | 631,186 |
Write down of mineral property acquisition costs | 0 | 0 | 0 | 0 | 5,000 |
Management fees | 0 | 0 | 0 | 0 | 48,000 |
Mineral property rights | 0 | 0 | 0 | 0 | 15,124 |
Marketing | 0 | 4,655 | 0 | 15,935 | 629,348 |
Total Expenses | 5,721 | 34,672 | 6,310 | 98,234 | 2,374,559 |
Gain on sale of product rights | 0 | 0 | 0 | 0 | 64,900 |
Other income | 0 | 1,000,000 | 1,000,000 | 852,325 | |
Net Income (Loss) From Discontinued Operations | ($5,721) | $1,017,389 | ($6,310) | $1,022,406 | ($332,127) |