Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended |
Sep. 30, 2013 | |
Document and Entity Information: | ' |
Entity Registrant Name | 'BOREAL PRODUCTIONS INC. |
Document Type | '10-K |
Document Period End Date | 30-Sep-13 |
Amendment Flag | 'false |
Entity Central Index Key | '0001413909 |
Current Fiscal Year End Date | '--09-30 |
Entity Common Stock, Shares Outstanding | 3,000,000 |
Entity Public Float | $0 |
Entity Filer Category | 'Smaller Reporting Company |
Entity Current Reporting Status | 'Yes |
Entity Voluntary Filers | 'Yes |
Entity Well-known Seasoned Issuer | 'No |
Document Fiscal Year Focus | '2013 |
Document Fiscal Period Focus | 'FY |
BOREAL_PRODUCTIONS_INC_A_Devel
BOREAL PRODUCTIONS INC. - (A Development Stage Company) - Balance Sheet (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
Current Assets | ' | ' |
Cash | $476 | $1,157 |
Total Current Assets | 476 | 1,157 |
Other Assets | ' | ' |
Intellectual Property | 9,550 | 9,550 |
Total Other Assets | 9,550 | 9,550 |
Total Assets | 10,026 | 10,707 |
Current Liabilities | ' | ' |
Accounts Payable | 6,561 | 1,335 |
Loan Payable - Related Party | 32,872 | 26,000 |
Total Current Liabilities | 39,433 | 27,335 |
Total Liabilities | 39,433 | 27,335 |
Stockholders' Equity | ' | ' |
Common Stock | 30,000 | 30,000 |
Additional Paid in Capital | 24,000 | 24,000 |
Deficit Accumulated during Development Stage | -83,407 | -70,628 |
Total Stockholders' Equity | -29,407 | -16,628 |
Total Liabilities & Stockholders' Equity | $10,026 | $10,707 |
BOREAL_PRODUCTIONS_INC_Stateme
BOREAL PRODUCTIONS INC. - Statement of Financial Position - Parenthetical (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
Common Stock, Par Value | $0.00 | $0.00 |
Common Stock, Shares Authorized | 375,000,000 | 375,000,000 |
Common Stock, Shares Issued | 30,000,000 | 30,000,000 |
Common Stock, Shares Outstanding | 30,000,000 | 30,000,000 |
BOREAL_PRODUCTIONS_INC_A_Devel1
BOREAL PRODUCTIONS INC. - (A Development Stage Company) - Statement of Operations (USD $) | 12 Months Ended | 72 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Revenues | ' | ' | ' |
Revenues | $0 | $0 | $0 |
Total Revenues | 0 | 0 | 0 |
General and Administrative Expenses | 3,979 | 3,752 | 35,811 |
Professional Fees | 8,800 | 7,500 | 47,595 |
Total General & Administrative Expenses | 12,779 | 11,252 | 83,407 |
Net Income (Loss) | ($12,779) | ($12,752) | ($83,407) |
Basic earnings per share | $0 | $0 | ' |
Weighted average number of common shares outstanding | 30,000,000 | 30,000,000 | ' |
Recovered_Sheet1
Boreal Productions Inc. (A Development Stage Company) Statement of Changes in Stockholders' Equity (USD $) | Common Stock | Additional Paid-in Capital | Deficit | Total |
Balance, Value at Sep. 23, 2007 | $0 | $0 | $0 | $0 |
Balance, Shares at Sep. 23, 2007 | 0 | ' | ' | ' |
Stock issued for cash on September 24, 2007 @ $0.0006 per share, Value | 15,000 | -6,000 | ' | 9,000 |
Stock issued for cash on September 24, 2007 @ $0.0006 per share, Shares | 15,000,000 | ' | ' | ' |
Subscription Receivable | ' | ' | ' | -36 |
Net loss | ' | ' | -590 | -590 |
Balance, Value at Sep. 30, 2007 | 15,000 | -6,000 | -590 | 8,374 |
Balance, Shares at Sep. 30, 2007 | 15,000,000 | ' | ' | ' |
Subscription Receivable | ' | ' | ' | 36 |
Stock issued for cash on February 18, 2008 @ $0.003 per share, Value | 15,000 | 30,000 | ' | 45,000 |
Stock issued for cash on February 18, 2008 @ $0.003 per share, Shares | 15,000,000 | ' | ' | ' |
Net loss | ' | ' | -21,689 | -21,689 |
Balance, Value at Sep. 30, 2008 | 30,000 | 24,000 | -22,279 | 31,721 |
Balance, Shares at Sep. 30, 2008 | 30,000,000 | ' | ' | ' |
Net loss | ' | ' | -12,256 | -12,256 |
Balance, Value at Sep. 30, 2009 | 30,000 | 24,000 | -34,535 | 19,465 |
Balance, Shares at Sep. 30, 2009 | 30,000,000 | ' | ' | ' |
Net loss | ' | ' | -12,089 | -12,089 |
Balance, Value at Sep. 30, 2010 | 30,000 | 24,000 | -46,624 | 7,376 |
Balance, Shares at Sep. 30, 2010 | 30,000,000 | ' | ' | ' |
Net loss | ' | ' | -11,252 | -11,252 |
Balance, Value at Sep. 30, 2011 | 30,000 | 24,000 | -57,876 | -3,876 |
Balance, Shares at Sep. 30, 2011 | 30,000,000 | ' | ' | ' |
Net loss | ' | ' | -12,752 | -12,752 |
Balance, Value at Sep. 30, 2012 | 30,000 | 24,000 | -70,628 | -16,628 |
Balance, Shares at Sep. 30, 2012 | 30,000,000 | ' | ' | ' |
Net loss | ' | ' | -12,779 | -12,779 |
Balance, Value at Sep. 30, 2013 | $30,000 | $24,000 | ($83,407) | ($29,407) |
Balance, Shares at Sep. 30, 2013 | 30,000,000 | ' | ' | ' |
BOREAL_PRODUCTIONS_INC_A_Devel2
BOREAL PRODUCTIONS INC. - (A Development Stage Company) - Statement of Cash Flows (USD $) | 12 Months Ended | 72 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Cash Flows from Operating Activities | ' | ' | ' |
Net Income (Loss) | ($12,779) | ($12,752) | ($83,407) |
Changes in operating assets and liabilities | ' | ' | ' |
Increase (decrease) in Accounts Payable | 5,226 | -1,165 | -76,846 |
Net cash provided by (used in) operating activities | -7,553 | -13,917 | -76,846 |
Cash Flows From Investing Activities | ' | ' | ' |
Intellectual Property | ' | ' | -9,550 |
Net cash provided by (used in) investing activities | ' | ' | -9,550 |
Cash Flows from Financing Activities | ' | ' | ' |
Loan Payable - related party | 6,872 | 15,000 | 32,872 |
Issuance of common stock | ' | ' | 54,000 |
Net Cash provided by (used in) financing activities | 6,872 | 15,000 | 86,872 |
Net increase (decrease) in cash | 681 | 1,083 | 476 |
Cash at beginning of period | 1,157 | 74 | ' |
Cash at end of period | 476 | 1,157 | 476 |
Supplemental Diclosures of Cash Flow Information | ' | ' | ' |
Cash Paid During Year for Interest | 0 | 0 | 0 |
Cash Paid During Year for Income Taxes | $0 | $0 | $0 |
Note_12_Organization_and_Descr
Note 1,2 - Organization and Description of Business, significant Accounting policies | 12 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
Note 1,2 - Organization and Description of Business, significant Accounting policies | ' |
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS | |
Boreal Productions Inc. (the Company) was incorporated under the laws of the State of Nevada on September 24, 2007. The Company was formed to option feature films and TV projects and then package them to sell at a profit to various studios and production companies. | |
The Company is in the development stage. Its activities to date have been limited to capital formation, organization and development of its business plan. The Company has commenced limited operations. | |
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
a. Basis of Accounting | |
The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected an September 30, year-end. | |
b. Basic Earnings per Share | |
ASC No. 260, “Earnings Per Share”, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. The Company has adopted the provisions of ASC No. 260. | |
Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company. | |
c. Cash Equivalents | |
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. | |
d. Use of Estimates and Assumptions | |
The preparation of financial statements in conformity with 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. In accordance with ASC No. 250 all adjustments are normal and recurring. | |
e. Income Taxes | |
Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. | |
Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. | |
f. Revenue | |
The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured. The Company has not generated any revenue since its inception. | |
g. Advertising | |
The Company will expense its advertising when incurred. There has been no advertising since inception. | |
Note_3_Going_Concern
Note 3 - Going Concern | 12 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
Note 3 - Going Concern | ' |
NOTE 3 - GOING CONCERN | |
The accompanying financial statements are presented on a going concern basis. The Company had no operations during the period from September 24, 2007 (date of inception) to September 30, 2013 and generated a net loss of $83,407. This condition raises substantial doubt about the Company’s ability to continue as a going concern. Even though the Company is currently in the development stage and has minimal expenses, management does not believe that the company’s current cash of $476 is sufficient to cover the expenses they will incur during the next twelve months. | |
Note_4_Warrants_and_Options
Note 4 - Warrants and Options | 12 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
Note 4 - Warrants and Options | ' |
NOTE 4 - WARRANTS AND OPTIONS | |
There are no warrants or options outstanding to acquire any additional shares of common. |
Note_5_Related_Party_Transacti
Note 5 - Related Party Transactions | 12 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
Note 5 - Related Party Transactions | ' |
NOTE 5 - RELATED PARTY TRANSACTIONS | |
The sole officer and director of the Company may, in the future, become involved in other business opportunities as they become available, she may face a conflict in selecting between the Company and her other business opportunities. The Company has not formulated a policy for the resolution of such conflicts. | |
As of September 30, 2013, there is a loan payable due to Andrea Fehsenfeld for $32,872, which is non interest bearing with no specific repayment terms. |
Note_67_Income_Taxes
Note 6,7 - Income Taxes | 12 Months Ended | |
Sep. 30, 2013 | ||
Notes | ' | |
Note 6,7 - Income Taxes | ' | |
NOTE 6 - INCOME TAXES | ||
As of September 30, 2013 | ||
Deferred tax assets: | ||
Net operating tax carryforwards | $ 83,407 | |
Other | -0- | |
Gross deferred tax assets | 83,407 | |
Valuation allowance | -83,407 | |
Net deferred tax assets | $ -0- | |
Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance. | ||
NOTE 7 - NET OPERATING LOSSES | ||
As of September 30, 2013, the Company has a net operating loss carryforwards of approximately $83,407. Net operating loss carryforward expires twenty years from the date the loss was incurred. |
Note_89_Stock_Transactions_Equ
Note 8,9 - Stock Transactions, Equity | 12 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
Note 8,9 - Stock Transactions, Equity | ' |
NOTE 8 - STOCK TRANSACTIONS | |
Transactions, other than employees’ stock issuance, are in accordance with ASC No. 505. Thus issuances shall be accounted for based on the fair value of the consideration received. Transactions with employees’ stock issuance are in accordance with ASC No. 718. These issuances shall be accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, or whichever is more readily determinable. | |
On September 24, 2007 the Company issued a total of 15,000,000 shares of common stock to one director for cash in the amount of $0.0006 per share for a total of $9,000. | |
On February 18, 2008 the Company issued a total of 15,000,000 shares of common stock to thirty investors for cash in the amount of $0.003 per share for a total of $45,000. | |
On June 11, 2008 the Company effected a 5 for 1 forward split of its share capital such that every one share of common stock issued and outstanding prior to the split was exchanged for five post-split shares of common stock. The number of shares referred to in the previous paragraphs is post-split number of shares. The Company also changed its post-split authorized capital to 375,000,000 shares of common stock with a par value of $0.001 per share. All share amounts have been retroactively adjusted for all periods presented. | |
As of September 30, 2013 the Company had 30,000,000 shares of common stock issued and outstanding. | |
NOTE 9 - STOCKHOLDERS’ EQUITY | |
The stockholders’ equity section of the Company contains the following classes of capital stock as of September 30, 2013: | |
Common stock, $ 0.001 par value: 375,000,000 shares authorized; 30,000,000 shares issued and outstanding. |
Note_10_New_Accounting_Pronouc
Note 10 - New Accounting Pronoucements | 12 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
Note 10 - New Accounting Pronoucements | ' |
NOTE 10 - NEW ACCOUNTING PRONOUCEMENTS | |
The Company has evaluated all the recent accounting pronouncements through the date the financial statements were issued and filed with the Securities and Exchange Commission and believe that none of them will have a material effect on the company’s financial statements. |
Note_12_Organization_and_Descr1
Note 1,2 - Organization and Description of Business, significant Accounting policies: Note 1 - Organization and Description of Business (Policies) | 12 Months Ended |
Sep. 30, 2013 | |
Policies | ' |
Note 1 - Organization and Description of Business | ' |
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS | |
Boreal Productions Inc. (the Company) was incorporated under the laws of the State of Nevada on September 24, 2007. The Company was formed to option feature films and TV projects and then package them to sell at a profit to various studios and production companies. | |
The Company is in the development stage. Its activities to date have been limited to capital formation, organization and development of its business plan. The Company has commenced limited operations. |
Note_12_Organization_and_Descr2
Note 1,2 - Organization and Description of Business, significant Accounting policies: A. Basis of Accounting (Policies) | 12 Months Ended |
Sep. 30, 2013 | |
Policies | ' |
A. Basis of Accounting | ' |
a. Basis of Accounting | |
The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected an September 30, year-end. |
Note_12_Organization_and_Descr3
Note 1,2 - Organization and Description of Business, significant Accounting policies: B. Basic Earnings Per Share (Policies) | 12 Months Ended |
Sep. 30, 2013 | |
Policies | ' |
B. Basic Earnings Per Share | ' |
b. Basic Earnings per Share | |
ASC No. 260, “Earnings Per Share”, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. The Company has adopted the provisions of ASC No. 260. | |
Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company. |
Note_12_Organization_and_Descr4
Note 1,2 - Organization and Description of Business, significant Accounting policies: C. Cash Equivalents (Policies) | 12 Months Ended |
Sep. 30, 2013 | |
Policies | ' |
C. Cash Equivalents | ' |
c. Cash Equivalents | |
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. |
Note_12_Organization_and_Descr5
Note 1,2 - Organization and Description of Business, significant Accounting policies: D. Use of Estimates and Assumptions (Policies) | 12 Months Ended |
Sep. 30, 2013 | |
Policies | ' |
D. Use of Estimates and Assumptions | ' |
d. Use of Estimates and Assumptions | |
The preparation of financial statements in conformity with 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. In accordance with ASC No. 250 all adjustments are normal and recurring. | |
Note_12_Organization_and_Descr6
Note 1,2 - Organization and Description of Business, significant Accounting policies: E. Income Taxes (Policies) | 12 Months Ended |
Sep. 30, 2013 | |
Policies | ' |
E. Income Taxes | ' |
e. Income Taxes | |
Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. | |
Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. |
Note_12_Organization_and_Descr7
Note 1,2 - Organization and Description of Business, significant Accounting policies: F. Revenue (Policies) | 12 Months Ended |
Sep. 30, 2013 | |
Policies | ' |
F. Revenue | ' |
f. Revenue | |
The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured. The Company has not generated any revenue since its inception. |
Note_12_Organization_and_Descr8
Note 1,2 - Organization and Description of Business, significant Accounting policies: G. Advertising (Policies) | 12 Months Ended |
Sep. 30, 2013 | |
Policies | ' |
G. Advertising | ' |
g. Advertising | |
The Company will expense its advertising when incurred. There has been no advertising since inception. |
Note_3_Going_Concern_Details
Note 3 - Going Concern (Details) (USD $) | 0 Months Ended | 12 Months Ended | 72 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Net Income (Loss) | $83,407 | ($12,779) | ($12,752) | ($83,407) |