Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Jan. 31, 2014 | Mar. 14, 2014 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | 'ValueSetters Corp | ' |
Entity Central Index Key | '0001414767 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Jan-14 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--04-30 | ' |
Is Entity a Well-known Seasoned Issuer? | 'No | ' |
Is Entity a Voluntary Filer? | 'No | ' |
Is Entity's Reporting Status Current? | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 500,000,000 |
Document Fiscal Period Focus | 'Q3 | ' |
Document Fiscal Year Focus | '2014 | ' |
Balance_Sheets
Balance Sheets (USD $) | Jan. 31, 2014 | Apr. 30, 2013 |
Current assets: | ' | ' |
Cash and cash equivalents | $3,623 | $3,075 |
Total current assets | 3,623 | 3,075 |
Total assets | 3,623 | 3,075 |
Current liabilities: | ' | ' |
Accounts payable - Trade | 75,954 | 79,943 |
Accounts payable - Related party | 109,106 | 103,509 |
Accrued expenses | 22,100 | 19,600 |
Secured note payable to related party | 90,897 | 69,254 |
Notes payable- related parties | 348,616 | 348,066 |
Loan payable - bank | 49,150 | 50,229 |
Demand note payable | 15,000 | 15,000 |
Total current liabilities | 710,823 | 685,601 |
Stockholders' deficit: | ' | ' |
Common stock, $.001 par value; 500,000,000 shares authorized, 500,000,000 shares issued and outstanding in 2014 and 2013 | 500,000 | 500,000 |
Capital in excess of par value | 420,968 | 420,968 |
Accumulated deficit through November 23, 2010* | -1,514,037 | -1,514,037 |
Accumulated deficit during the development stage | -114,131 | -89,457 |
Total stockholders' deficit | -707,200 | -682,526 |
Total liabilities and stockholders' deficit | $3,623 | $3,075 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Jan. 31, 2014 | Apr. 30, 2013 |
Statement of Financial Position [Abstract] | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 500,000,000 | 500,000,000 |
Common stock, shares outstanding | 500,000,000 | 500,000,000 |
Statements_of_Loss
Statements of Loss (USD $) | 3 Months Ended | 9 Months Ended | 38 Months Ended | ||
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | |
Income Statement [Abstract] | ' | ' | ' | ' | ' |
Revenues | $2,268 | $2,397 | $5,834 | $5,611 | $20,952 |
Costs and expenses: | ' | ' | ' | ' | ' |
Costs of services | 263 | 232 | 1,060 | 806 | 2,518 |
Selling, general and administrative | 9,238 | 471 | 15,665 | 6,033 | 59,759 |
Total costs and expenses | 9,501 | 703 | 16,725 | 6,839 | 62,277 |
Income (loss) from operations | -7,233 | 1,694 | -10,891 | -1,228 | -41,325 |
Other income (expense): | ' | ' | ' | ' | ' |
Interest expense | -4,356 | -3,552 | -13,783 | -10,794 | -72,806 |
Net loss before taxes | -11,589 | -1,858 | -24,674 | -12,022 | -114,131 |
Income taxes | ' | ' | ' | ' | ' |
Net loss | -11,589 | -1,858 | -24,674 | -12,022 | -114,131 |
Basic and diluted loss per share | $0 | $0 | $0 | $0 | $0 |
Weighted average number of shares outstanding | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 |
Comprehensive Loss | ' | ' | ' | ' | ' |
Net loss | -11,589 | -1,858 | -24,674 | -12,022 | -114,131 |
Other comprehensive income | ' | ' | ' | ' | ' |
Comprehensive loss | ($11,589) | ($1,858) | ($24,674) | ($12,022) | ($114,131) |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 9 Months Ended | 38 Months Ended | |
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | |
Operating activities: | ' | ' | ' |
Net loss | ($24,674) | ($12,022) | ($114,131) |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts payable | 1,608 | 2,869 | 10,542 |
Accrued liabilities | 2,500 | 5,000 | 33,100 |
Net cash used in operating activities: | -20,566 | -4,153 | -70,489 |
Financing activities: | ' | ' | ' |
Proceeds from note payable - related party | 22,193 | 3,200 | 64,041 |
Payment of bank loan | -1,079 | ' | -1,079 |
Net cash provided by financing activities | 21,114 | 3,200 | 62,962 |
Increase / (decrease) in cash and cash equivalents | 548 | -953 | -7,527 |
Cash and cash equivalents at beginning of period | 3,075 | 1,944 | 11,150 |
Cash and cash equivalents at the end of period | 3,623 | 991 | 3,623 |
Cash paid for: Interest | 3,443 | 2,981 | 15,723 |
Cash paid for: Income taxes | ' | ' | ' |
Note_1_Basis_of_Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Jan. 31, 2014 | |
Accounting Policies [Abstract] | ' |
Note 1 - Basis of Presentation | ' |
Note 1– Basis of Presentation | |
The accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine and three-month periods ended January 31, 2014, are not necessarily indicative of the results that may be expected for the year ended April 30, 2014. For further information, refer to the audited financial statements and footnotes thereto for the year ended April 30, 2013 that are included in our Registration Statement on Form 10, filed with the SEC on September 3, 2013. | |
The financial statements are presented in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America related to development stage companies. The inception of the Company’s development stage began on November 23, 2010, with the purchase of the assets of an online games business. A development stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from. The Company’s fiscal year end is April 30. |
Note_2_Going_Concern_Matters_a
Note 2 - Going Concern Matters and Realization of Assets | 9 Months Ended | ||
Jan. 31, 2014 | |||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ||
Note 2 - Going Concern Matters and Realization of Assets | ' | ||
Note 2 – Going Concern Matters and Realization of Assets | |||
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. However, the Company has sustained recurring losses from its continuing operations and as of January 31, 2014, had negative working capital and a stockholders’ equity deficit of $707,200. In addition, the Company is unable to meet its obligations as they become due and sustain its operations. The Company believes that its existing cash resources are not sufficient to fund its continuing operating losses, capital expenditures, debt payments and working capital requirements. | |||
The Company may not be able to raise sufficient additional debt, equity or other cash on acceptable terms, if at all. Failure to generate sufficient revenues, achieve certain other business plan objectives or raise additional funds could have a material adverse effect on the Company’s results of operations, cash flows and financial position, including its ability to continue as a going concern, and may require it to significantly reduce, reorganize, discontinue or shut down its operations. | |||
In view of the matters described above, recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon continued operations of the Company which, in turn, is dependent upon the Company’s ability to meet its financing requirements on a continuing basis, and to succeed in its future operations. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue in its existence. | |||
Management’s plans include: | |||
1 | Seek to raise debt or equity for working capital purposes and to pay off existing debt balances. With sufficient additional cash available to the Company, it can begin to make marketing expenditures and hire people to generate more revenues, and consequently cut monthly operating losses. | ||
2 | Continue to look for software niches and other digital products that can be sold via an Internet-based store. Various acquisition opportunities may help generate revenues and be a quicker path to profitability than organic growth. | ||
3 | Utilize a new relationship with CloudWebStore and StationDigital to generate sales of music, movies and games over the Interet. | ||
There can be no assurance that the Company will be able to achieve its business plan objectives or be able to achieve or maintain cash-flow-positive operating results. If the Company is unable to generate adequate funds from operations or raise sufficient additional funds, the Company may not be able to repay its existing debt, continue to operate its business network, respond to competitive pressures or fund its operations. As a result, the Company may be required to significantly reduce, reorganize, discontinue or shut down its operations. The financial statements do not include any adjustments that might result from this uncertainty. |
Note_3_Loss_Per_Common_Share
Note 3 - Loss Per Common Share | 9 Months Ended | ||||||||||||||||
Jan. 31, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Note 3 - Loss Per Common Share | ' | ||||||||||||||||
Note 3 – Loss Per Common Share | |||||||||||||||||
Loss per common share data was computed as follows: | |||||||||||||||||
Nine Months Ended | Nine Months Ended | Three Months Ended | Three Months Ended | ||||||||||||||
31-Jan-14 | 31-Jan-13 | 31-Jan-14 | 31-Jan-13 | ||||||||||||||
Net loss | $ | (24,674 | ) | $ | (12,022 | ) | $ | (11,589 | ) | $ | (1,858 | ) | |||||
Weighted average common | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | |||||||||||||
shares outstanding | |||||||||||||||||
Effect of dilutive securities | — | — | — | — | |||||||||||||
Weighted average dilutive | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | |||||||||||||
common shares outstanding | |||||||||||||||||
Loss per common share – basic | $ | (.00 | ) | $ | (.00 | ) | $ | (.00 | ) | $ | (.00 | ) | |||||
Loss per common share – diluted | $ | (.00 | ) | $ | (.00 | ) | $ | (.00 | ) | $ | (.00 | ) | |||||
Note_4_Principal_Financing_Arr
Note 4 - Principal Financing Arrangements | 9 Months Ended | ||||||||||||
Jan. 31, 2014 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Note 4 - Principal Financing Arrangements | ' | ||||||||||||
Note 4 – Principal Financing Arrangements | |||||||||||||
The following table summarizes components of debt as January 31, 2014 and April 30, 2013: | |||||||||||||
31-Jan-14 | 30-Apr-13 | Interest Rate | |||||||||||
Secured lender (majority shareholder) | $ | 90,897 | $ | 69,254 | 8 | % | |||||||
Demand notes payable – related parties | 348,616 | 348,066 | 2.5 | % | |||||||||
Demand note payable | 15,000 | 15,000 | 0 | % | |||||||||
Due to bank | 49,150 | 50,229 | 5.5 | % | |||||||||
Total Debt | $ | 503,663 | $ | 482,549 | |||||||||
As of January 31, 2014 and April 30, 2013, the Company owed its principal lender (“Lender”) $90,897 and $69,254, respectively, under a revolving loan and security agreement (“Loan”) dated April 28, 2011. The maximum amount of the Loan is $250,000, and the Loan is payable on demand by its Lender. The Lender is also the majority shareholder of the Company, owning 295,219,103 shares of common stock, or 59% of the 500,000,000 shares issued and outstanding. | |||||||||||||
In connection with the financing, the Company has agreed to certain restrictive covenants, including, among others, that the Company may not convey, sell lease, transfer or otherwise dispose of any part of its business or property, except as permitted in the agreement, dissolve, liquidate or merge with any other party unless, in the case of a merger, the Company is the surviving entity, incur any indebtedness except as defined in the agreement, create or allow an lien on any of its assets or collateral that has been pledge to the Lender, make any loans to any person, except for prepaid items or deposits incurred in the ordinary course of business, or make any material capital expenditures | |||||||||||||
To secure the payment of all obligations to the lender, the Company granted to the lender a continuing security interest and first lien on all of the assets of the Company. | |||||||||||||
As of January 31, 2014 and April 30, 2013, the Company owed a board member $314,000 in a demand note payable dated April 30, 2011. The note represents monies lent to the Company by the board member under a home equity line of credit and the Company accrues interest payable to the board member for the actual interest charged under the home equity line of credit. The same board member has personally guaranteed a bank line of credit under which the Company has borrowed $50,000, and including unpaid interest, owes $49,150 and $50,229 as of January 31, 2014 and April 30, 2013, respectively. The Company pays the monthly interest expense on the bank line of credit. |
Note_5_Income_Taxes
Note 5 - Income Taxes | 9 Months Ended |
Jan. 31, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Note 5 - Income Taxes | ' |
Note 5 – Income Taxes | |
At January 31, 2014, the Company had net operating loss carryforwards for federal income tax purposes of approximately $1,032,000 that expire in the years 2014 through 2029. The Company has provided an allowance for the full value of the related deferred tax asset since it is more likely than not that none of such benefit will be realized. Utilization of the net operating losses may be subject to annual limitations provided by Section 382 of the Internal Revenue Code and similar state provisions. | |
Due to the losses for the nine and three-month periods ended January 31, 2014 and 2013, the Company has recorded no income tax expense in either of these periods. |
Note_6_Related_Party_Transacti
Note 6 - Related Party Transactions | 9 Months Ended |
Jan. 31, 2014 | |
Related Party Transactions [Abstract] | ' |
Note 6 - Related Party Transactions | ' |
Note 6 – Related Party Transactions | |
The Company’s majority shareholder is also its principal lender. As of January 31, 2014 and April 30, 2013, the Company owed its majority shareholder, under a secured lending agreement, $90,897 and $69,254, respectively. The maximum amount of the loan is $250,000, and the loan is payable on demand. The majority shareholder of the Company owns 295,219,103 shares of common stock, or 59% of the 500,000,000 shares issued and outstanding. | |
A director of the Company and founder of Valuesetters, Inc., which merged with the Company in December 2003, has personally guaranteed bank debt of $49,150 and $50,229, as of January 31, 2014 and April 30, 2013 and credit card debt of $24,309 and $28,298 as of January 31, 2014 and April 30, 2013, respectively. In addition to the personal guarantees, the Company owes him $425,492 and $419,895 as of January 31, 2014 and April 30, 2013, respectively, for loans, interest payable and unpaid expenses. | |
The Company owes a second director $31,680 as of January 31, 2014 and April 30, 2013. |
Note_7_Stockholders_Deficit
Note 7 - Stockholders' Deficit | 9 Months Ended |
Jan. 31, 2014 | |
Equity [Abstract] | ' |
Note 7 - Stockholders' Deficit | ' |
Note 7 – Stockholders’ Equity (Deficit) | |
The Company is authorized to issue 500,000,000 shares of its common stock, par value $0.001. 500,000,000 shares were outstanding as of January 31, 2014 and April 30, 2013, and no shares were issued during the fiscal years ended April 30, 2013 or 2012. No warrants, options or other convertible securities are outstanding at March 14, 2014. |
Note_8_Fair_Value
Note 8 - Fair Value | 9 Months Ended |
Jan. 31, 2014 | |
Fair Value Disclosures [Abstract] | ' |
Note 8 - Fair Value | ' |
Note 8 – Fair Value | |
The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes a fair value hierarchy that prioritizes the inputs to valuation techniques 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 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: | |
Level 1: inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the company has the ability to access at the measurement date. | |
Level 2: inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. | |
Level 3: inputs are unobservable inputs for the asset or liability. | |
Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, we base fair value on 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. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets and liabilities where there exists limited or no observable market data and, therefore, are based primarily upon management’s own estimates, are often calculated based on current pricing policy, the economic and competitive environment, the characteristics of the asset or liability and other such factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used, including discount rates and estimates of future cash flows that could significantly affect the results of current or future value. |
Note_9_Post_Balance_Sheet_Even
Note 9 - Post Balance Sheet Events | 9 Months Ended |
Jan. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Note 9 - Post Balance Sheet Events | ' |
Note 9 – Post Balance Sheet Events | |
The Company has analyzed its operations subsequent to January 31, 2014 through the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose. |
Note_1_Basis_of_Presentation_P
Note 1 - Basis of Presentation (Policies) | 9 Months Ended |
Jan. 31, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
The accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine and three-month periods ended January 31, 2014, are not necessarily indicative of the results that may be expected for the year ended April 30, 2014. For further information, refer to the audited financial statements and footnotes thereto for the year ended April 30, 2013 that are included in our Registration Statement on Form 10, filed with the SEC on September 3, 2013. | |
The financial statements are presented in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America related to development stage companies. The inception of the Company’s development stage began on November 23, 2010, with the purchase of the assets of an online games business. A development stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from. The Company’s fiscal year end is April 30. |
Note_3_Loss_Per_Common_Share_T
Note 3 - Loss Per Common Share (Tables) | 9 Months Ended | ||||||||||||||||
Jan. 31, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings per share | ' | ||||||||||||||||
Nine Months Ended | Nine Months Ended | Three Months Ended | Three Months Ended | ||||||||||||||
31-Jan-14 | 31-Jan-13 | 31-Jan-14 | 31-Jan-13 | ||||||||||||||
Net loss | $ | (24,674 | ) | $ | (12,022 | ) | $ | (11,589 | ) | $ | (1,858 | ) | |||||
Weighted average common | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | |||||||||||||
shares outstanding | |||||||||||||||||
Effect of dilutive securities | — | — | — | — | |||||||||||||
Weighted average dilutive | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | |||||||||||||
common shares outstanding | |||||||||||||||||
Loss per common share – basic | $ | (.00 | ) | $ | (.00 | ) | $ | (.00 | ) | $ | (.00 | ) | |||||
Loss per common share – diluted | $ | (.00 | ) | $ | (.00 | ) | $ | (.00 | ) | $ | (.00 | ) |
Note_4_Principal_Financing_Arr1
Note 4 - Principal Financing Arrangements (Tables) | 9 Months Ended | ||||||||||||
Jan. 31, 2014 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Debt | ' | ||||||||||||
31-Jan-14 | 30-Apr-13 | Interest Rate | |||||||||||
Secured lender (majority shareholder) | $ | 90,897 | $ | 69,254 | 8 | % | |||||||
Demand notes payable – related parties | 348,616 | 348,066 | 2.5 | % | |||||||||
Demand note payable | 15,000 | 15,000 | 0 | % | |||||||||
Due to bank | 49,150 | 50,229 | 5.5 | % | |||||||||
Total Debt | $ | 503,663 | $ | 482,549 |
Note_2_Going_Concern_Details
Note 2 - Going Concern (Details) (USD $) | Jan. 31, 2014 | Apr. 30, 2013 |
Note 2 - Going Concern Details | ' | ' |
Total stockholders' equity deficit | ($707,200) | ($682,526) |
Note_3_Loss_Per_Common_Share_D
Note 3 - Loss Per Common Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | |
Note 3 - Loss Per Common Share Details | ' | ' | ' | ' |
Net loss | ($11,589) | ($1,858) | ($24,674) | ($12,022) |
Weighted average common shares outstanding | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 |
Effect of dilutive securities | ' | ' | ' | ' |
Weighted average dilutive common shares outstanding | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 |
Loss per common share-basic | $0 | $0 | $0 | $0 |
Loss per common share-diluted | $0 | $0 | $0 | $0 |
Note_4_Principal_Financing_Arr2
Note 4 - Principal Financing Arrangements - Debt (Details) (USD $) | Jan. 31, 2014 | Apr. 30, 2013 |
Debt Disclosure [Abstract] | ' | ' |
Secured lender (majority shareholder) | $90,897 | $69,254 |
Notes payable- related parties | 348,616 | 348,066 |
Demand note payable | 15,000 | 15,000 |
Loan payable - bank | 49,150 | 50,229 |
Total Debt | $503,663 | $482,549 |
Note_4_Principal_Financing_Arr3
Note 4 - Principal Financing Arrangements - Debt (Details) (Parenthetical) (USD $) | Jan. 31, 2014 |
Secured lender (majority shareholder) | ' |
Interest Rate | 8.00% |
Borrowing amount | $250,000 |
Common shares, held | 295,219,103 |
Ownership | 59.00% |
Demand note payable- related parties | ' |
Interest Rate | 2.50% |
Demand note payable | ' |
Interest Rate | 0.00% |
Due to bank | ' |
Interest Rate | 5.50% |
Note_4_Principal_Financing_Arr4
Note 4 - Principal Financing Arrangements (Details Narrative) (USD $) | Jan. 31, 2014 | Apr. 30, 2013 |
Debt Disclosure [Abstract] | ' | ' |
Note payable to Board Member | $314,000 | $314,000 |
Guaranteed line of credit | 50,000 | 50,000 |
Line of credit payable | $49,150 | $50,229 |
Note_5_Income_Taxes_Details_Na
Note 5 - Income Taxes (Details Narrative) (USD $) | 9 Months Ended |
Jan. 31, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Operating loss carryforward | $1,032,000 |
Expiration | 30-Apr-14 |
Note_6_Related_Party_Transacti1
Note 6 - Related Party Transactions (Details Narrative) (USD $) | Jan. 31, 2014 | Apr. 30, 2013 |
Secured lender (majority shareholder) | $90,897 | $69,254 |
Loan payable - bank | 49,150 | 50,229 |
Credit card debt | 24,309 | 28,298 |
Due to Director | 425,492 | 419,895 |
Due to Second Director | 31,680 | 31,680 |
Secured lender (majority shareholder) | ' | ' |
Borrowing amount | $250,000 | ' |
Common shares, held | 295,219,103 | ' |
Ownership | 59.00% | ' |
Note_7_Stockholders_Equity_Def
Note 7 - Stockholders' Equity (Deficit) (Details Narrative) (USD $) | Jan. 31, 2014 | Apr. 30, 2013 |
Equity [Abstract] | ' | ' |
Common stock, authorized | 500,000,000 | 500,000,000 |
Common stock, par value | $0.00 | $0.00 |