Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 18, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Neologic Animation Inc. | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 185,000,000 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001371310 | ' |
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 | ' |
Neologic_Animation_Inc_Balance
Neologic Animation Inc. - Balance Sheet (unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current assets | ' | ' |
Cash and cash equivalents | $40,105 | $94,906 |
Total assets | 40,105 | 94,906 |
Current liabilities | ' | ' |
Accounts payable and accrued expenses | 12,170 | 41,417 |
Due to related parties | 685 | 685 |
Short-term loan - third party | 111,998 | 166,900 |
Short-term loan - related party | 21,000 | 21,000 |
Convertible notes payable, net of discount $50,629 | 12,371 | ' |
Derivative Liabilities | 72,839 | ' |
Total current liabilities | 231,063 | 230,002 |
Stockholders' Deficit | ' | ' |
Preferred stock, $0.00001 par value, 100,000,000 shares authorized, none issued and outstanding | 0 | 0 |
Common stock, $0.00001 par value, 400,000,000 shares authorized, 185,000,000 shares issued and outstanding | 1,850 | 1,850 |
Additional paid-in deficit | 2,565 | -9,685 |
Accumulated other comprehensive income | 67 | 67 |
Subscription receivable | -50,000 | -50,000 |
Accumulated deficit | -145,440 | -77,328 |
Total stockholders' deficit | -190,958 | -135,096 |
Total liabilities & stockholders' deficit | $40,105 | $94,906 |
Neologic_Animation_Inc_Balance1
Neologic Animation Inc. - Balance Sheet (unaudited) (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Convertible notes payable, net of discount (in Dollars) | $50,629 | ' |
Preferred stock, $0.00001 par value (in Dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 400,000,000 | 400,000,000 |
Common stock, shares issued | 185,000,000 | 185,000,000 |
Common stock, shares outstanding | 185,000,000 | 185,000,000 |
Neologic_Animation_Inc_Stateme
Neologic Animation Inc. - Statement of Operations and Comprehensive Loss (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | 29 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Revenue | $0 | $0 | $0 | ' | ' |
Operating expenses | ' | ' | ' | ' | ' |
General and administrative | 22,665 | 20,523 | 46,004 | 48,017 | 115,566 |
Operating loss | -22,665 | -20,523 | -46,004 | -48,017 | -115,566 |
Net loss | -36,439 | -22,199 | -68,112 | -50,789 | -145,440 |
Other comprehensive income | ' | ' | ' | ' | ' |
Foreign currency translation | ' | 1 | ' | 2 | 67 |
Total comprehensive loss | -36,439 | -22,198 | -68,112 | -50,787 | -145,373 |
Loss per common share - basic and diluted (in Dollars per share) | $0 | $0 | $0 | $0 | ' |
Weighted-average shares outstanding, basic and diluted (in Shares) | 185,000,000 | 185,000,000 | 185,000,000 | 136,094,891 | ' |
Interest income | 32 | 5 | 102 | 6 | 131 |
Interest expense | -13,361 | -1,681 | -21,765 | -2,778 | -29,560 |
Change in fair value of derivative liability | -445 | ' | -445 | ' | -445 |
Total other expenses | ($13,774) | ($1,676) | ($22,108) | ($2,772) | ($29,874) |
Neologic_Animation_Inc_Stateme1
Neologic Animation Inc. - Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | 29 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Cash Flows From Operating Activities | ' | ' | ' |
Net loss | ($68,112) | ($50,789) | ($145,440) |
Adjustments to reconcile net loss to net cash used in operating activities | ' | ' | ' |
Donated rent and services | 6,750 | 3,750 | 12,750 |
Imputed interest | 5,500 | 2,321 | 9,485 |
Amortization of debt discount | 12,371 | ' | 12,371 |
Loss on derivative at issuance | 9,394 | ' | 9,394 |
Change in fair value of derivative liability | 445 | ' | 445 |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts payable | -29,247 | 16,718 | -8,796 |
Net cash used in operating activities | -62,899 | -28,000 | -109,791 |
Cash Flows From Financing Activities | ' | ' | ' |
Advances from (repayment to) related party | ' | 4,067 | 685 |
Repayment of notes payable | -70,000 | ' | -70,000 |
Proceeds from notes payable | 78,098 | 123,900 | 202,498 |
Cash contributions from shareholders | ' | ' | 16,646 |
Net cash provided by financing activities | 8,098 | 127,967 | 149,829 |
Effect of exchange rate changes on cash | ' | 2 | 67 |
Net increase (decrease) in cash and cash equivalents | -54,801 | 99,969 | 40,105 |
Cash and cash equivalents, beginning of period | 94,906 | 1,976 | ' |
Cash and cash equivalents, end of period | 40,105 | 101,945 | 40,105 |
Supplemental information: | ' | ' | ' |
Income tax paid | 0 | 0 | 0 |
Interest paid | 0 | 0 | 0 |
Non-cash investing and financing activities: | ' | ' | ' |
Shares issued under reverse merger for assumption of accounts payable | ' | 20,966 | 20,966 |
Shares issued under reverse merger for assumption of notes payable | ' | 42,500 | 42,500 |
Shares issued under reverse merger for assumption of notes payable – related party | ' | 21,000 | 21,000 |
Fair value of derivative liability | $72,394 | ' | $72,394 |
NOTE_1_NATURE_OF_OPERATIONS
NOTE 1 - NATURE OF OPERATIONS | 9 Months Ended |
Sep. 30, 2013 | |
Disclosure Text Block [Abstract] | ' |
Nature of Operations [Text Block] | ' |
NOTE 1 – NATURE OF OPERATIONS | |
Neologic Animation Inc. (“Neologic” or the “Company”) was incorporated in the State of Nevada on January 26, 2006. The Company is a Development Stage Company. The Company’s principal business is an educational software company in the People’s Republic of China. The Company is focused in educational software development and marketing company; currently developing a website to be marketed as “Naniya World” for primary school students in China. The website’s goal is to educate children on how to develop and hone their creative skills through interactive educational games that incorporate Adobe Flash. The games incorporate a curriculum that has been developed by some of China’s top professors and child psychology experts. It sets itself apart from other after school programs in China because it deviates from the traditional methods of Chinese education. The Company’s mission is to inspire every child in China to become the best student they can possibly be by showing them that learning is fun. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2012 as reported in the Form 10-K have been omitted. |
NOTE_2_SUMMARY_OF_SIGNIFICANT_
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Accounting Policies [Abstract] | ' | |||||||
Significant Accounting Policies [Text Block] | ' | |||||||
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||||||||
Basis of Presentation | ||||||||
These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company’s fiscal year-end is now December 31. | ||||||||
Use of Estimates | ||||||||
The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company regularly evaluates estimates and assumptions related to donated expenses and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. | ||||||||
Earnings (Loss) Per Common Share | ||||||||
Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method for options and warrants and the if-converted method for convertible preferred stock and convertible debt. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. The Company currently does not have any dilutive financial instruments outstanding. | ||||||||
Cash and Cash Equivalents | ||||||||
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. | ||||||||
Foreign Currency Translation | ||||||||
The Company’s functional and reporting currency is the United States dollar. Occasional transactions may occur in a foreign currency. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. | ||||||||
Income Taxes | ||||||||
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. 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. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized. | ||||||||
Fair Value Measurement | ||||||||
The Company values its derivative instruments under FASB ASC 820 which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. | ||||||||
As defined in ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). | ||||||||
The three levels of the fair value hierarchy defined by ASC 820 are as follows: | ||||||||
Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities. | ||||||||
Level 2 – Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date. | ||||||||
Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. The Company uses Level 3 to value its derivative instruments. | ||||||||
The following table sets forth by level with the fair value hierarchy the Company’s financial assets and liabilities measured at fair value on September 30, 2013. | ||||||||
Level 1 | Level 2 | Level 3 | Total | |||||
Liabilities | ||||||||
Derivative liability | $ - | $ - | $ 72,839 | $ 72,839 | ||||
Recent Accounting Pronouncements | ||||||||
The Company does not expect the adoption of any other recently issued accounting pronouncements to have a significant effect on its financial position or results of operations. | ||||||||
Subsequent Events | ||||||||
The Company evaluated subsequent events through the date the financial statements were issued for disclosure consideration. |
NOTE_3_GOING_CONCERN
NOTE 3 - GOING CONCERN | 9 Months Ended |
Sep. 30, 2013 | |
Going Concern Note [Abstract] | ' |
Going Concern Note | ' |
NOTE 3 – GOING CONCERN | |
These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. Since inception, the Company has not generated revenues and has not paid any dividends and is unlikely to either pay dividends or generate revenues in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing, the Company’s success in acquiring interests in properties that have economically recoverable reserves, and the attainment of profitable operations. As at September 30, 2013, the Company has a working capital deficit, generated no revenues since inception, and has an accumulated deficit totaling $145,440 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. 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. |
NOTE_4_RELATED_PARTY_TRANSACTI
NOTE 4 - RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
NOTE 4 – RELATED PARTY TRANSACTIONS | |
As September 30, 2013 and December 31, 2012, the Company was indebted to a current director and a current officer in the amount of $21,000, respectively, representing cash advances and expenses paid on behalf of the Company. The balances consist of advances that are non-interest bearing, unsecured and due on demand. | |
During the nine months ended September 30, 2013 and 2012, the Company recognized $6,750 and $3,750, respectively, for donated rent and services. These amounts were charged to operations and recorded as additional paid-in capital. |
NOTE_5_CONVERTIBLE_NOTES
NOTE 5 - CONVERTIBLE NOTES | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Debt Disclosure [Abstract] | ' | ||||
Debt Disclosure [Text Block] | ' | ||||
NOTE 5 – CONVERTIBLE NOTES | |||||
On August 7, 2013, the Company entered into a securities purchase agreement with Asher Enterprises, Inc. Under the terms of the agreement the Company issued an 8% convertible promissory note, in the aggregate principal amount of $63,000, which note matures on May 9, 2014 and may be converted into shares of its common stock at any time after 180 days from August 7, 2013, subject to adjustments as further set out in the note. The conversion price shall be at a variable conversion rate of 58% multiplied by the market price, being the average of the lowest three trading prices for the Company’s common stock during the 10 trading day period ended on the latest complete trading day prior to the conversion date, subject to adjustments as further set out in the note. The Company has the right to prepay the note within 60 days of August 7, 2013, in consideration of the payment of an amount equal to 130%, multiplied by the sum of the then outstanding principal amount of the note plus accrued and unpaid interest on the unpaid principal. | |||||
The Company analyzed the Convertible Promissory Notes for derivative accounting consideration under FASB ASC 470 and determined that the embedded conversion feature, with a grant date fair value of $72,394 and qualified for accounting treatment as a financial derivative (See Note 6). The Company recognized a discount of $63,000 on this note as result of the embedded conversion feature being a financial derivative. The Company recognized $9,394 loss on derivative on the issuance date. The discount will be amortized by the Company through interest expense over the life of the note. | |||||
A summary of value changes to the Convertible Promissory Notes for the nine months ended September 30, 2013 is as follows: | |||||
Asher Note | |||||
Principal amount | $ | 63,000 | |||
Less: discount related to fair value of the embedded conversion feature | (63,000 | ) | |||
Add: amortization of discount | 12,371 | ||||
Carrying value at September 30, 2013 | $ | 12,371 | |||
During the period ended September 30, 2013, the Company recorded $12,371 amortization of the debt discount on Asher Note. |
NOTE_6_DERIVATIVE_LIABILITY
NOTE 6 - DERIVATIVE LIABILITY | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |||
NOTE 6 – DERIVATIVE LIABILITY | ||||
The Company has determined that the variable conversion price under its Asher note causes the embedded conversion feature to be a financial derivative. The Company may not have enough authorized common shares to settle its obligation if the note holder elects to convert the note to common shares when the trading price is lower than certain threshold. | ||||
The fair value of the conversion feature is recognized as a financial derivative at issuance and is measured at fair value at each reporting period. The fair values of the financial derivative were calculated using a modified binomial valuation model with the following assumptions at the loan origination date and September 30, 2013: | ||||
Loan | September 30, | |||
Origination Date | 2013 | |||
Market value of common stock on measurement date (1) | $0.00 | $0.00 | ||
Adjusted conversion price (2) | $0.001 | $0.00 | ||
Risk free interest rate (3) | 0.12% | 0.10% | ||
Life of the note in years | 0.75 years | 0.75 years | ||
Expected volatility (4) | 202% | 205% | ||
Expected dividend yield (5) | - | - | ||
(1) | The market value of common stock is based on closing market price as of August 7, 2013 and September 30, 2013. | |||
(2) | The adjusted conversion price is calculated based on conversion terms described in the note agreement. | |||
(3) | The risk-free interest rate was determined by management using the 1 year Treasury Bill as of the respective Offering or measurement date. | |||
(4) | The volatility factor was estimated by management using the historical volatilities of the Company’s stock. | |||
(5) | Management determined the dividend yield to be 0% based upon its expectation that it will not pay dividends for the foreseeable future. | |||
The following table provides a summary of the changes in fair value of the derivative financial instruments measured at fair value on a recurring basis using significant unobservable inputs: | ||||
Financial Derivatives | ||||
Fair value at issuance | $ 72,394 | |||
Change in fair value of derivative liability | 445 | |||
Fair value at September 30, 2013 | $ 72,839 | |||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | ' |
Basis of Presentation | |
These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company’s fiscal year-end is now December 31 | |
Use of Estimates, Policy [Policy Text Block] | ' |
Use of Estimates | |
The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company regularly evaluates estimates and assumptions related to donated expenses and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected | |
Earnings Per Share, Policy [Policy Text Block] | ' |
Earnings (Loss) Per Common Share | |
Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method for options and warrants and the if-converted method for convertible preferred stock and convertible debt. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. The Company currently does not have any dilutive financial instruments outstanding | |
Cash and Cash Equivalents, Policy [Policy Text Block] | ' |
Cash and Cash Equivalents | |
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents | |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' |
Foreign Currency Translation | |
The Company’s functional and reporting currency is the United States dollar. Occasional transactions may occur in a foreign currency. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income | |
Income Tax, Policy [Policy Text Block] | ' |
Income Taxes | |
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. 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. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized | |
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' |
Fair | |
Revenue Recognition Accounting Policy, Gross and Net Revenue Disclosure [Policy Text Block] | ' |
Recent Accounting Pronouncements | |
The Company does not expect the adoption of any other recently issued accounting pronouncements to have a significant effect on its financial position or results of operations | |
Subsequent Events, Policy [Policy Text Block] | ' |
Subsequent Events | |
The Company evaluated subsequent events through the date the financial statements were issued for disclosure consideration |
NOTE_2_SUMMARY_OF_SIGNIFICANT_1
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Accounting Policies [Abstract] | ' | |||||||
Schedule of Derivative Assets at Fair Value [Table Text Block] | ' | |||||||
Level 1 | Level 2 | Level 3 | Total | |||||
Liabilities | ||||||||
Derivative liability | $ - | $ - | $ 72,839 | $ 72,839 |
NOTE_5_CONVERTIBLE_NOTES_Table
NOTE 5 - CONVERTIBLE NOTES (Tables) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Debt Disclosure [Abstract] | ' | ||||
Convertible Debt [Table Text Block] | ' | ||||
Asher Note | |||||
Principal amount | $ | 63,000 | |||
Less: discount related to fair value of the embedded conversion feature | (63,000 | ) | |||
Add: amortization of discount | 12,371 | ||||
Carrying value at September 30, 2013 | $ | 12,371 |
NOTE_6_DERIVATIVE_LIABILITY_Ta
NOTE 6 - DERIVATIVE LIABILITY (Tables) | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | |||
Loan | September 30, | |||
Origination Date | 2013 | |||
Market value of common stock on measurement date (1) | $0.00 | $0.00 | ||
Adjusted conversion price (2) | $0.001 | $0.00 | ||
Risk free interest rate (3) | 0.12% | 0.10% | ||
Life of the note in years | 0.75 years | 0.75 years | ||
Expected volatility (4) | 202% | 205% | ||
Expected dividend yield (5) | - | - | ||
Schedule of Derivative Instruments [Table Text Block] | ' | |||
Financial Derivatives | ||||
Fair value at issuance | $ 72,394 | |||
Change in fair value of derivative liability | 445 | |||
Fair value at September 30, 2013 | $ 72,839 |
NOTE_2_SUMMARY_OF_SIGNIFICANT_2
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - The following table sets forth by level with the fair value hierarchy the Companybs financial assets (USD $) | Dec. 31, 2013 | Dec. 03, 2013 |
Liabilities | ' | ' |
Derivative liability | $72,839 | $72,839 |
NOTE_3_GOING_CONCERN_Details
NOTE 3 - GOING CONCERN (Details) (USD $) | Sep. 30, 2013 |
Going Concern Note [Abstract] | ' |
Retained Earnings (Accumulated Deficit) | $145,440 |
NOTE_4_RELATED_PARTY_TRANSACTI1
NOTE 4 - RELATED PARTY TRANSACTIONS (Details) (USD $) | 9 Months Ended | 21 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' | ' | ' |
Related Party Transaction, Amounts of Transaction | $6,750 | $3,750 | $21,000 |
NOTE_5_CONVERTIBLE_NOTES_Detai
NOTE 5 - CONVERTIBLE NOTES (Details) (USD $) | 0 Months Ended | 2 Months Ended | 4 Months Ended | 9 Months Ended | 29 Months Ended |
Aug. 07, 2013 | Sep. 30, 2013 | 9-May-14 | Sep. 30, 2013 | Sep. 30, 2013 | |
Debt Disclosure [Abstract] | ' | ' | ' | ' | ' |
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger | ' | 8.00% | 58.00% | ' | ' |
Convertible Notes Payable | ' | $63,000 | ' | $63,000 | $63,000 |
Notes Payable, Noncurrent | ' | 180 | ' | 180 | 180 |
Convertible Debt, Fair Value Disclosures | ' | 72,394 | ' | 72,394 | 72,394 |
Debt Instrument, Convertible, Beneficial Conversion Feature | ' | -63,000 | ' | ' | ' |
Derivative, Loss on Derivative | 9,394 | ' | ' | ' | ' |
Amortization of Debt Discount (Premium) | $12,371 | $12,371 | ' | $12,371 | $12,371 |
NOTE_5_CONVERTIBLE_NOTES_Detai1
NOTE 5 - CONVERTIBLE NOTES (Details) - A summary of value changes to the Convertible Promissory Notes for the nine months ended September 3 (USD $) | 0 Months Ended | 2 Months Ended | 9 Months Ended | 29 Months Ended |
Aug. 07, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
A summary of value changes to the Convertible Promissory Notes for the nine months ended September 3 [Abstract] | ' | ' | ' | ' |
Principal amount | ' | $63,000 | $63,000 | $63,000 |
Less: discount related to fair value of the embedded conversion feature | ' | -63,000 | ' | ' |
Add: amortization of discount | 12,371 | 12,371 | 12,371 | 12,371 |
Carrying value at September 30, 2013 | ' | $12,371 | $12,371 | $12,371 |
NOTE_6_DERIVATIVE_LIABILITY_De
NOTE 6 - DERIVATIVE LIABILITY (Details) - The fair value of the conversion feature is recognized as a financial derivative at issuance and is (USD $) | 0 Months Ended | 3 Months Ended |
Aug. 07, 2013 | Sep. 30, 2013 | |
The fair value of the conversion feature is recognized as a financial derivative at issuance and is [Abstract] | ' | ' |
Market value of common stock on measurement date (1) (in Dollars) | $0.00 | $0.00 |
Adjusted conversion price (2) (in Dollars per share) | $0.00 | $0.00 |
Risk free interest rate (3) | 0.12% | 0.10% |
Expected volatility (4) | 202.00% | 205.00% |
NOTE_6_DERIVATIVE_LIABILITY_De1
NOTE 6 - DERIVATIVE LIABILITY (Details) - The following table provides a summary of the changes in fair value of the derivative financial inst (USD $) | 3 Months Ended | 9 Months Ended | 29 Months Ended |
Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
The following table provides a summary of the changes in fair value of the derivative financial inst [Abstract] | ' | ' | ' |
Fair value at issuance | $72,394 | $72,394 | $72,394 |
Change in fair value of derivative liability | 445 | 445 | 445 |
Fair value at September 30, 2013 | $72,839 | $72,839 | $72,839 |