Asia Atlantic Resources (AARS) 10-Q 18 Mar 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Jan. 31, 2014	Mar. 17, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Asia Atlantic Resources	'
Entity Central Index Key	'0001411058	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--04-30	'
Document Type	'10-Q	'
Document Period End Date	31-Jan-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	13,100,000

Balance_Sheets

Balance Sheets (USD $)	Jan. 31, 2014	Apr. 30, 2013
Current	'	'
Cash and cash equivalents	$8,779	$1,861
Prepaid expenses	4,000	'
Total Assets	12,779	1,861
Current	'	'
Accounts payable and accrued liabilities	2,050	9,100
Convertible note payable - Note 4	84,750	38,750
Due to related party - Note 3	63,136	63,136
Total Liabilities	149,936	110,986
STOCKHOLDERS' EQUITY (DEFICIT)	'	'
Capital Stock - Note 5 Authorized: 75,000,000 common shares with a par value of $.001 Issued and outstanding: 13,100,000 common shares	13,100	13,100
Additional paid in capital	154,400	154,400
Deficit accumulated during the exploration stage	-304,657	-276,625
Total Stockholders' Deficit	-137,157	-109,125
Total Liabilities and Stockholders' Deficit	$12,779	$1,861

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Jan. 31, 2014	Apr. 30, 2013
Balance Sheets [Abstract]	'	'
Common Stock, shares authorized	75,000,000	75,000,000
Common Stock, par value	$0.00	$0.00
Common Stock, shares issued	13,100,000	13,100,000
Common Stock, shares outstanding	13,100,000	13,100,000

Statement_of_Operations

Statement of Operations (USD $)	3 Months Ended		9 Months Ended		84 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014
Expenses	'	'	'	'	'
Geological, mineral and prospect costs	'	'	'	'	$8,000
General and administrative	184	'	21,983	1,220	181,355
Incorporation costs	'	'	'	'	441
Management fees	2,000	'	2,000	'	2,000
Professional fees	1,300	1,350	4,050	4,450	112,975
Operating loss for the period	-3,484	-1,350	-28,033	-5,670	-304,771
Interest revenue	'	'	'	'	114
Net Loss for the Period	($3,484)	($1,350)	($28,033)	($5,670)	($304,657)
Basic and fully diluted net loss per common share	$0	$0	($0.00)	$0	'
Weighted average common shares outstanding	13,100,000	13,100,000	13,100,000	13,100,000	'

Statement_of_Stockholders_Equi

Statement of Stockholders' Equity (Deficit) (USD $)	Total	Common Stock	Additional Paid-in Capital	Share Subscription Received	Accumulated Deficit
Beginning Balance at Jan. 21, 2007	'	'	'	'	'
Beginning Balance, Shares at Jan. 21, 2007	'	'	'	'	'
Shares issued for cash at $.001	2,000	2,000	'	'	'
Shares issued for cash at $.001, Shares	'	2,000,000	'	'	'
Shares issued for cash at $.005	28,000	5,600	22,400	'	'
Shares issued for cash at $.005, Shares	'	5,600,000	'	'	'
Net loss for the period	-12,072	'	'	'	-12,072
Balance at Apr. 30, 2007	17,928	7,600	22,400	'	-12,072
Balance, Shares at Apr. 30, 2007	'	7,600,000	'	'	'
Net loss for the period	-13,588	'	'	'	-13,588
Balance at Apr. 30, 2008	4,340	7,600	22,400	'	-25,660
Balance, Shares at Apr. 30, 2008	'	7,600,000	'	'	'
Shares issued for cash of $0.025	100,000	4,000	96,000	'	'
Shares issued for cash of $0.025, Shares	'	4,000,000	'	'	'
Net loss for the period	-61,279	'	'	'	-61,279
Balance at Apr. 30, 2009	43,061	11,600	118,400	'	-86,939
Balance, Shares at Apr. 30, 2009	'	11,600,000	'	'	'
Share subscriptions received	25,000	'	'	25,000	'
Shares issued from subscriptions	'	1,000	24,000	-25,000	'
Shares issued from subscriptions, Shares	'	1,000,000	'	'	'
Shares issued for cash of $0.025	12,500	500	12,000	'	'
Shares issued for cash of $0.025, Shares	'	500,000	'	'	'
Net loss for the period	-103,153	'	'	'	-103,153
Balance at Apr. 30, 2010	-22,592	13,100	154,400	'	-190,092
Balance, Shares at Apr. 30, 2010	'	13,100,000	'	'	'
Net loss for the period	-61,452	'	'	'	-61,452
Balance at Apr. 30, 2011	-84,044	13,100	154,400	'	-251,544
Balance, Shares at Apr. 30, 2011	'	13,100,000	'	'	'
Net loss for the period	-13,761	'	'	'	-13,761
Balance at Apr. 30, 2012	-97,805	13,100	154,400	'	-265,305
Balance, Shares at Apr. 30, 2012	'	13,100,000	'	'	'
Net loss for the period	-11,320	'	'	'	-11,320
Balance at Apr. 30, 2013	-109,125	13,100	154,400	'	-276,625
Balance, Shares at Apr. 30, 2013	'	13,100,000	'	'	'
Net loss for the period	-28,033	'	'	'	-28,033
Balance at Oct. 31, 2013	($304,657)	$13,100	$154,400	'	($304,657)
Balance, Shares at Oct. 31, 2013	'	13,100,000	'	'	'

Statement_of_Stockholders_Equi1

Statement of Stockholders' Equity Deficit (Parenthetical) (USD $)	3 Months Ended	12 Months Ended
	Apr. 30, 2007	Apr. 30, 2010	Apr. 30, 2009
Statement Of Stockholders' Equity (Deficit) [Abstract]	'	'	'
Share price issued for cash, Per share	$0.00	$0.03	$0.03
Share price issued for cash, Per share one	$0.01	'	'

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	9 Months Ended		84 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014
Operating Activities	'	'	'
Net loss for the period	($28,033)	($5,670)	($304,657)
Cash provided by (used in) changes in operating assets and liabilities	'	'	'
Accounts payable and accrued liabilities	-7,049	-4,650	2,050
Net cash provided by (used in) Operating Activities	-35,082	-10,320	-302,607
Financing Activities	'	'	'
Related party advances	'	'	63,136
Convertible note payable	46,000	5,000	78,250
Note payable	'	'	6,500
Common stock issued for cash	'	'	167,500
Net cash provided by Financing Activities	46,000	5,000	315,386
Increase in cash and cash equivalents during the period	10,918	-5,320	12,779
Cash and cash equivalents, beginning of the period	1,861	7,781	'
Cash and cash equivalents, end of the period	8,779	2,461	8,779
Cash paid for:	'	'	'
Interest	'	'	'
Income Taxes	'	'	'

Nature_and_Continuance_of_Oper

Nature and Continuance of Operations	9 Months Ended
	Jan. 31, 2014
Nature and Continuance of Operations [Abstract]	'
Nature and Continuance of Operations	'
	Note 1 - Nature and Continuance of Operations
	The Company was incorporated in the State of Nevada on January 22, 2007 and is in the exploration stage.  The Company acquired a mineral property located in the Province of British Columbia, Canada, which expired on September 17, 2008.
	The Company has adopted April 30 as its fiscal year end.
	These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year.  Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern.  At January 31, 2014, the Company had not yet achieved profitable operations, has accumulated losses of $304,567 since its inception. The Company expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern.  The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due.  Management anticipates that additional funding will be in the form of equity financing from the sale of common stock.  Management may also seek to obtain short-term loans from the directors of the Company.  There are no current arrangements in place for equity funding or short-term loans.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Jan. 31, 2014
Summary Of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Note 2 - Summary of Significant Accounting Policies
	Basis of presentation and interim reporting
	The Company’s financial statements included herein are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. While the information presented in the accompanying interim financial statements is unaudited, it includes all adjustments which are in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim period presented in accordance with accounting principles generally accepted in the United States of America.  All adjustments are of a normal recurring nature.
	Although these interim financial statements follow the same accounting policies and methods of their application as the Company’s April 30, 2013 annual financial statements, they do not include all information and footnotes required by generally accepted accounting principles for complete financial statements.  Accordingly, it is suggested that these interim financial statements be read in conjunction with the Company’s April 30, 2013 annual financial statements.  The results of operations for the period are not necessarily indicative of the results expected for a full year or for any future periods.
	Development Stage Company
	The Company is a development stage company as defined in the Financial Accounting Standards Board (“SASB”) Accounting Standards Codification (“ASC”) Topic 205-915, “Development Stage Entities.”
	The Company is still in the developmental stage, devoting substantially all of its present efforts to establish its business and its planned principal operations have not commenced, as only one subsidiary has started to realize some revenues but has not achieved full operations.  All losses accumulated since inception have been considered as part of the Company’s development stage activities.
	Recent Accounting Pronouncements
	The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Jan. 31, 2014
Related Party Transactions [Abstract]	'
Related party transactions	'
	Note 3 - Related party transactions
	The Company’s former director advanced funds to the Company.  There are no repayment terms or interest attached to the advances.  As at January 31, 2014 $14,486 in advances remain owing by the Company and a further $48,650 remain owing to a former Director for management fees. These transactions resulted in an amount due to related parties as at January 31, 2014 of $63,136.

Convertible_Note

Convertible Note	9 Months Ended
	Jan. 31, 2014
Convertible Note [Abstract]	'
Convertible Note	'
	Note 4 - Convertible Note
	On August 19, 2008, the Company received financing of $6,500 in exchange for a note payable that is non-interest bearing and due on demand. Each $0.005 of the principal outstanding of the note may be converted into one common stock of the Company at the discretion of the note holder.  Should the conversion feature be exercised, the Company would be required to issue 1,300,000 shares in exchange for the note.
	On February 15, 2011, the Company entered into a convertible line of credit note, which bears no interest, has a maturity date of December 31, 2013 and is unsecured. The line allows for draws up to $100,000, of which the Company has drawn $78,250.  At January 31, 2014, the Company has $21,750 which can be drawn. It is convertible at the option of the holder at the lesser of 60% of the 3 day prior closing price, $0.01 or the price shares are sold to a third party.  This convertible line of credit note has been further extended to December 30, 2016.
	The Company accounts for this financial instrument in accordance with FASB ASC Topic 815, "Derivatives and Hedging," Subtopic 40, “Contracts in Entity`s Own Equity.”  At its inception the conversion feature was recorded separately from the debt instrument and using level 1 inputs the fair value was calculated as $nil.

Capital_Stock

Capital Stock	9 Months Ended
	Jan. 31, 2014
Capital Stock [Abstract]	'
Capital Stock	'
	Note 5 - Capital Stock
	On February 12, 2007, the Company issued 2,000,000 common shares for $2,000 in cash to the sole director.
	On February 15, 2007, the Company issued 5,600,000 common shares for $28,000 in cash.
	On November 6, 2008, the Company issued 4,000,000 commons shares for $100,000 in cash.
	On October 13, 2009, the Company received share subscriptions for 500,000 common shares for $12,500 in cash.
	On October 22, 2009, the Company received share subscriptions for 500,000 common shares for $12,500 in cash.
	On December 29, 2009, the Company issued 1,000,000 common shares in fulfillment of the subscriptions.
	On December 29, 2009, the Company issued 500,000 common shares for $12,500 in cash.
	There are no shares subject to options, warrants or other agreements as at January 31, 2014.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2014
Summary Of Significant Accounting Policies [Abstract]	'
Basis of presentation and interim reporting	'
	Basis of presentation and interim reporting
	The Company’s financial statements included herein are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. While the information presented in the accompanying interim financial statements is unaudited, it includes all adjustments which are in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim period presented in accordance with accounting principles generally accepted in the United States of America.  All adjustments are of a normal recurring nature.
	Although these interim financial statements follow the same accounting policies and methods of their application as the Company’s April 30, 2013 annual financial statements, they do not include all information and footnotes required by generally accepted accounting principles for complete financial statements.  Accordingly, it is suggested that these interim financial statements be read in conjunction with the Company’s April 30, 2013 annual financial statements.  The results of operations for the period are not necessarily indicative of the results expected for a full year or for any future periods.
Development Stage Company	'
	Development Stage Company
	The Company is a development stage company as defined in the Financial Accounting Standards Board (“SASB”) Accounting Standards Codification (“ASC”) Topic 205-915, “Development Stage Entities.”
	The Company is still in the developmental stage, devoting substantially all of its present efforts to establish its business and its planned principal operations have not commenced, as only one subsidiary has started to realize some revenues but has not achieved full operations.  All losses accumulated since inception have been considered as part of the Company’s development stage activities.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements.

Nature_and_Continuance_of_Oper1

Nature and Continuance of Operations (Details) (USD $)

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

84 Months Ended

Jan. 31, 2014

Jan. 31, 2013

Apr. 30, 2007

Oct. 31, 2013

Jan. 31, 2014

Jan. 31, 2013

Apr. 30, 2013

Apr. 30, 2012

Apr. 30, 2011

Apr. 30, 2010

Apr. 30, 2009

Apr. 30, 2008

Jan. 31, 2014

Nature and Continuance of Operations (Textual)

'

'

'

'

'

'

'

'

'

'

'

'

'

Net loss for the period

($3,484)

($1,350)

($12,072)

($28,033)

($28,033)

($5,670)

($11,320)

($13,761)

($61,452)

($103,153)

($61,279)

($13,588)

($304,657)

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	Jan. 31, 2014	Apr. 30, 2013
Related Party Transactions (Textual)	'	'
Amount owing by company to related party	$14,486	'
Due to officers or stockholders, current	48,650	'
Due to related party - Note 3	$63,136	$63,136

Convertible_Note_Details

Convertible Note (Details) (USD $)	0 Months Ended	9 Months Ended
	Feb. 15, 2011	Jan. 31, 2014	Apr. 30, 2013	Aug. 19, 2008
Convertible Notes payable (Textual)	'	'	'	'
Convertible note	'	$84,750	$38,750	$6,500
Note payable, conversion feature	'	'Each $0.005 of the principal outstanding of the note may be converted into one common stock of the Company at the discretion of the note holder.	'	'
Shares to be issued upon the exercise of note payable	'	'	'	1,300,000
Maturity date of convertible line of credit note	31-Dec-13	'	'	'
Maximum limit of borrowing under line of credit	100,000	21,750	'	'
Amount withdrawn by the company under line of credit	$78,250	'	'	'
Convertible credit note, description of conversion	'	'At the lesser of 60% of the 3 day prior closing price, $0.01 or the price shares are sold to a third party.	'	'
Convertible credit note, due date	'	30-Dec-16	'	'

Capital_Stock_Details

Capital Stock (Details) (USD $)	3 Months Ended	9 Months Ended
	Apr. 30, 2007	Jan. 31, 2014	Jan. 31, 2014	Jan. 31, 2014	Jan. 31, 2014	Jan. 31, 2014	Jan. 31, 2014
		February 12, 2007 [Member]	February 15, 2007 [Member]	November 6, 2008 [Member]	October 13, 2009 [Member]	October 22, 2009 [Member]	December 29, 2009 [Member]
Capital Stock (Textual)	'	'	'	'	'	'	'
Shares issued for cash, Shares	'	2,000,000	5,600,000	4,000,000	'	'	500,000
Shares issued for cash	$2,000	$2,000	$28,000	$100,000	'	'	$12,500
Shares issued for subscriptions, Shares	'	'	'	'	500,000	500,000	1,000,000
Shares issued for subscriptions	'	'	'	'	$12,500	$12,500	'