AFH Acquisition VII 10-K 13 Feb 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Oct. 31, 2013	Jan. 29, 2014	Apr. 30, 2013
Document And Entity Information	'	'	'
Entity Registrant Name	'AFH ACQUISITION VII, INC.	'	'
Entity Central Index Key	'0001420035	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Oct-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--10-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filer	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$0
Entity Common Stock, Shares Outstanding	'	6,483,218	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'

Balance_Sheets

Balance Sheets (USD $)	Oct. 31, 2013	Oct. 31, 2012
ASSETS	'	'
Cash and Cash Equivalents	$513	$50,489
Deferred Expense	62,695	45,000
Total Assets	63,208	95,489
Liabilities	'	'
Accrued Expenses	32,231	3,038
Due to Parent	0	23,337
Total Liabilities	32,231	26,375
Stockholders' Equity	'	'
Preferred Stock: $.001 Par; 20,000,000 Shares Authorized, -0- Issued and Outstanding	'	'
Common Stock: $.001 Par; 100,000,000 Shares Authorized; 6,483,218 and 5,000,000 Issued and Outstanding at October 31, 2013 and 2012, respectively	6,483	5,000
Common Stock to be Issued	'	966,736
Common Stock Subscription Receivable	'	-100,000
Additional Paid-In-Capital	2,984,953	20,000
Equity Accumulated During Development Stage	-2,960,459	-822,622
Total Stockholders' Equity	30,977	69,114
Total Liabilities and Stockholders' Equity	$63,208	$95,489

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Oct. 31, 2013	Oct. 31, 2012
Statement of Financial Position [Abstract]	'	'
Preferred Stock, Par Value	$0.00	$0.00
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares Issued	6,483,218	5,000,000
Common Stock, Shares Outstanding	6,483,218	5,000,000

Statements_of_Changes_in_Stock

Statements of Changes in Stockholder's Deficit (USD $)	Common Stock [Member]	Additional Paid-In Capital [Member]	Stock To Be Issued [Member]	Stock Subscription Receivable [Member]	Equity Accumulated During Development Stage [Member]	Total
Balance at Sep. 23, 2007	'	'	'	'	'	'
Balance, shares at Sep. 23, 2007	'	'	'	'	'	'
Common Stock Issued for Cash	5,000	20,000	'	-4,900	'	20,100
Common Stock Issued for Cash, shares	5,000,000	'	'	'	'	'
Net Loss for the Period	'	'	'	'	-21,853	-21,853
Balance at Oct. 31, 2007	5,000	20,000	'	-4,900	-21,853	-1,753
Balance, shares at Oct. 31, 2007	5,000,000	'	'	'	'	'
Cash Received for Stock Subscriptions	'	'	'	4,900	'	4,900
Net Loss for the Period	'	'	'	'	-7,543	-7,543
Balance at Oct. 31, 2008	5,000	20,000	'	'	-29,396	-4,396
Balance, shares at Oct. 31, 2008	5,000,000	'	'	'	'	'
Net Loss for the Period	'	'	'	'	-7,450	-7,450
Balance at Oct. 31, 2009	5,000	20,000	'	'	-36,846	-11,846
Balance, shares at Oct. 31, 2009	5,000,000	'	'	'	'	'
Net Loss for the Period	'	'	'	'	-3,577	-3,577
Balance at Oct. 31, 2010	5,000	20,000	'	'	-40,423	-15,423
Balance, shares at Oct. 31, 2010	5,000,000	'	'	'	'	'
Net Loss for the Period	'	'	'	'	-4,820	-4,820
Balance at Oct. 31, 2011	5,000	20,000	'	'	-45,243	-20,243
Balance, shares at Oct. 31, 2011	5,000,000	'	'	'	'	'
Common Stock to be Issued	'	'	966,736	-100,000	'	866,736
Net Loss for the Period	'	'	'	'	-777,379	-777,379
Balance at Oct. 31, 2012	5,000	20,000	966,736	-100,000	-822,622	69,114
Balance, shares at Oct. 31, 2012	5,000,000	'	'	'	'	'
Common Stock Issued for Cash	908	1,814,792	-50,000	'	'	1,765,700
Common Stock Issued for Cash, shares	907,850	'	'	'	'	'
Cash Received for Stock Subscriptions	'	'	-100,000	100,000	'	'
Common Stock Issued for Services	575	1,150,161	-816,736	'	'	334,000
Common Stock Issued for Services, shares	575,368	'	'	'	'	'
Net Loss for the Period	'	'	'	'	-2,137,837	-2,137,837
Balance at Oct. 31, 2013	$6,483	$2,984,953	'	'	($2,960,459)	$30,977
Balance, shares at Oct. 31, 2013	6,483,218	'	'	'	'	'

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended		73 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Income Statement [Abstract]	'	'	'
Revenues	'	'	'
Expenses	'	'	'
Consulting	1,200,000	'	1,201,776
Reverse Merger Expenses	907,418	771,736	1,679,154
Interest	'	'	15
Legal and Professional	29,223	5,232	75,567
Office Expenses	496	11	1,285
Organizational Costs	'	'	962
Total Expenses	2,137,137	776,979	2,958,759
Net Loss for the Period	-2,137,137	-776,979	-2,958,759
Franchise Tax	700	400	1,700
Net Loss for the Period	($2,137,837)	($777,379)	($2,960,459)
Loss per Share - Basic and Diluted	($0.36)	($0.16)	($0.57)
Weighted Average Common Shares Outstanding	5,947,700	5,000,000	5,155,117

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended		73 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Cash Flows from Operating Activities	'	'	'
Net Loss for the Year	($2,137,837)	($777,379)	($2,960,459)
Adjustments to reconcile net loss to net cash used in operating activities	'	'	'
Issuance of Stock for Services	334,000	771,736	1,105,736
Changes in Assets and Liabilities:	'	'	'
Accrued Expenses	29,193	-1,782	32,231
Deferred Expenses	-17,695	45,000	-62,695
Net Cash Flows from Operating Activities	-1,792,339	37,575	-1,885,187
Net Cash Flows from Investing Activities	'	'	'
Cash Flows from Financing Activities	'	'	'
Repayment to Parent	-23,337	-37,086	'
Cash Proceeds from Issuance of Stock	1,765,700	50,000	1,885,700
Net Cash Flows from Financing Activities	1,742,363	12,914	1,885,700
Net Change in Cash and Cash Equivalents	-49,976	50,489	513
Cash and Cash Equivalents - Beginning of Year	50,489	'	'
Cash and Cash Equivalents - End of Year	513	50,489	513
Cash Paid During the Period for:	'	'	'
Interest	'	'	'
Income Taxes	'	'	'

The_Company

The Company	12 Months Ended
	Oct. 31, 2013
Company	'
The Company	'
	Note A -	The Company
		AFH Acquisition VII, Inc., a development stage company (the “Company”), was incorporated under the laws of the State of Delaware on September 24, 2007. The Company is 57.84% owned by AFH Holding & Advisory, LLC (the “Parent”). The financial statements presented represent only those transactions of AFH Acquisition VII, Inc. The Company is looking to acquire an existing company or acquire the technology to begin operations.
		As a blank check company, the Company’s business is to pursue a business combination through acquisition, or merger with, an existing company.
		Since inception, the Company has been engaged in organizational efforts and as set forth below has entered into an LOI.
		On October 5, 2012, AFH Holding & Advisory, LLC (“AFH Advisory”), a major shareholder of the Company, entered into a letter of intent (the “LOI”) with two target companies, Eurocar, Inc. (“Eurocar”) and Park Place Motors Ltd. (“Park Place,” together with Eurocar, the “Target Companies”), pursuant to which the Company will acquire the Target Companies through a series of transactions including a merger or other business combination pursuant to which the Company would cease to be a shell company, as defined in the rules of the SEC (the “Reverse Merger”).
		On October 26, 2012, AFH Advisory, Eurocar and Park Place entered into an amendment to the LOI, pursuant to which the parties to the LOI agreed to revise the provision with respect to the beneficial ownership of the Company post Reverse Merger. On January 28, 2013, the parties to the LOI entered into an Amended and Restated Letter of Intent (the “Amended and Restated LOI”), pursuant to which the parties to the LOI agreed to revise the provision with respect to the beneficial ownership of the Company post Reverse Merger, provided for certain acknowledgments regarding the proceeds of the Offering, amended a provision regarding a potential subsequent financing and amended certain financial representations made by each of Eurocar and Park Place. On February 1, 2013, the parties to the Amended and Restated LOI entered into an amendment to the Amended and Restated LOI to revise, among other things, the beneficial ownership of the Company post Reverse Merger. On May 20, 2013, the parties to the Amended and Restated LOI entered into a Second Amended and Restated Letter of Intent (the “Second Amended and Restated LOI”).
		The Letter of Intent contemplating the potential business combination contained several and various covenants and milestones. During the period it was determined that Park Place and Eurocar were unable to achieve certain covenants or milestones. After due consideration of the non-compliance, the parties agreed that the proposed business combination be postponed until such time that the parties were able to achieve compliance or the terms of the Letter of Intent containing the covenants and performance target be renegotiated.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Note B -	Summary of Significant Accounting Policies
		Method of Accounting
		The Company maintains its books and prepares its financial statements on the accrual basis of accounting.
		Development Stage
		The Company has operated as a development stage enterprise since its inception by devoting substantially all of its efforts to financial planning, raising capital, research and development, and developing markets for its services. The Company prepares its financial statements in accordance with the requirements of FASB ASC 915.
		Cash and Cash Equivalents
		Cash and cash equivalents include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions, which periodically may exceed federally insured amounts.
		Loss per Common Share
		Loss per common share is computed in accordance with FASB ASC 260-10, by dividing income (loss) available to common stockholders by weighted average number of common shares outstanding for each period.
		Use of Estimates
		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 can differ from those estimates.
		Organizational Costs
		Organizational costs represent management, consulting, legal, accounting, and filing fees incurred to date in the formation of the company. Organizational costs are expensed as incurred in accordance with FASB ASC 720-15.
		Income Taxes
		The Company accounts for income taxes under the asset and liability method, wherein deferred tax assets and liabilities are recognized for the future tax consequences attributable to the 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 the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.
		The Company’s short-term and long-term deferred tax liability is based on the calculation of the deferred taxes on the Company’s unrealized gain on available-for-sale securities using a 40% effective tax rate based on a 31% federal income tax rate (net of state tax deduction) combined with an 8.84% California state income tax rate. The Company recognizes a deferred tax asset (through changes in the valuation allowance) for the exact amount of the deferred tax liability. The classification of these deferred taxes is concurrent with the classification of investments for which the unrealized gain is derived. For balance sheet presentation, current deferred tax assets and liabilities have been offset and presented as a single amount and non-current deferred tax assets and liabilities within each tax jurisdiction have been offset and presented as a single amount.
		When tax returns are filed, it is highly probable that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of October 31, 2013, the Company had no unrecognized tax benefits, and the Company had no positions which, in the opinion of management, would be reversed if challenged by a taxing authority. The Company’s evaluation of tax positions was performed for those tax years which remain open to audit. The Company may from time to time, be assessed interest or penalties by the taxing authorities, although any such assessments historically have been minimal and immaterial to the Company’s financial results. In the event the Company is assessed interest and/or penalties, such amounts will be classified as income tax expense in the financial statements.
		Financial Instruments
		The Company’s financial instruments consist of cash and due to parent. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The fair value of these financial instruments approximates their carrying value, unless otherwise noted.
		Recent Pronouncements
		The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow.

Equity_Securities

Equity Securities	12 Months Ended
	Oct. 31, 2013
Equity [Abstract]	'
Equity Securities	'
	Note C -	Equity Securities
		Holders of shares of common stock shall be entitled to cast one vote for each common share held at all stockholder’s meetings for all purposes, including the election of directors. The common stock does not have cumulative voting rights.
		The preferred stock of the Company shall be issued by the Board of Directors of the Company in one or more classes or one or more series within any class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations, preferences, limitations or restrictions as the Board of Directors of the Company may determine, from time to time.
		No holder of shares of stock of any class shall be entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock or any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend.
		As of October 31, 2013, we have received subscription agreements for 907,850 common shares representing aggregate proceeds of $1,815,700.

Going_Concern

Going Concern	12 Months Ended
	Oct. 31, 2013
Going Concern	'
Going Concern	'
	Note D -	Going Concern
		The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations. As a result, there is an accumulated deficit of $2,960,459 at October 31, 2013.
		The Company’s continued existence is dependent upon its ability to raise capital or acquire a marketable company. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

Deferred_Expenses

Deferred Expenses	12 Months Ended
	Oct. 31, 2013
DeferredExpensesAbstract	'
Deferred Expenses	'
	Note E -	Deferred Expenses
		Deferred expenses represents funds received by the Company for reverse merger expenses that were forwarded to the parent company and which have not yet been allocated to fees incurred with the transaction described in Note A. It is expected that all funds will be used for expenses within the next year.

Due_to_Parent

Due to Parent	12 Months Ended
	Oct. 31, 2013
Related Party Transactions [Abstract]	'
Due to Parent	'
	Note F -	Due to Parent
		Due to parent represents cash advances from AFH Holding & Advisory LLC and totaled $-0- and $23,337 as of October 31, 2013 and 2012, respectively. AFH Holding & Advisory LLC is the majority shareholder of the Company. There are no repayment terms.

Stock_Transactions

Stock Transactions	12 Months Ended
	Oct. 31, 2013
Stock Transactions	'
Stock Transactions	'
	Note G -	Stock Transactions
		In October 2012, The Company commenced a private placement offering (the “Offering”) to several accredited investors (the “Purchasers”) for up to 500,000 Shares (the “Maximum Offering”) for aggregate proceeds equal to $1,000,000 (the “Maximum Offering Amount”). On January 31, 2013, an amendment to the offering was made to increase the offering to 1,300,000 shares and proceeds of $2,600,000. As of October 31, 2013, the Company entered into subscription agreements for the issuance of 907,850 shares of common stock at a per share price of $2.00 per share for gross proceeds of $1,815,700 (the “Private Placement. The shares of our common stock sold in the Private Placement were not registered under the Securities Act of 1933, as amended (the “Securities Act”).
		On March 26, 2013, the Company entered into an agreement to issue 167,000 shares of common stock in connection with consideration given in relation to a note with Park Place Motor Ltd. These shares were issued in May 2013 and valued at $334,000.
		In September 2012, the Company’s parent received $45,000 in proceeds to enter into subscription agreements for the issuance of shares of the Company’s common stock, which resulted in additional reverse merger expenses of $771,736. The shares were issued in May 2013.

Reverse_Merger_Expenses

Reverse Merger Expenses	12 Months Ended
	Oct. 31, 2013
Business Combinations [Abstract]	'
Reverse Merger Expenses	'
	Note H -	Reverse Merger Expenses
		Reverse merger expenses represent cash from the private placement offering (see Note F) which were used towards fees in relation to the LOI (see Note A). $1,200,000 of such proceeds will be kept by the parent, AFH Holding & Advisory. The $1,200,000 has been reflected as a consulting fee in the accompanying financial statements. The remaining proceeds from the Private Placement Finances will be used for expenses incurred by AFH in connection with the Private Financing, the Business Combination and all related going public expenses. The expenses incurred to date have been reflected under Reverse Merger Expenses in the accompanying financial statements with any remainder in deferred expenses.

Income_Taxes

Income Taxes	12 Months Ended
	Oct. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Note I -	Income Taxes
		The provision (benefit) for income taxes consists of the following for the years ended October 31, 2013 and 2012:
							31-Oct-13				31-Oct-12
	Current		U.S.			$	—			$	—
	Deferred		U.S.				—				—
	Total					$	—			$	—
	A valuation allowance for the net deferred tax assets has been recorded as it is more likely than not that these benefits will not be realized through future operations.
	Deferred tax assets consist of the following as of October 31, 2013 and 2012:
			31-Oct-13				31-Oct-12
	Net operating loss carryforward		$	(1,179,445	)		$	(327,731	)
	general business tax credit			—				—
	Accrued expenses			—				—
	Other			—				—
				(1,179,445	)			(327,731	)
	Valuation allowance			1,179,445				327,731
	Total		$	—			$	—
		During the years ended October 31, 2013 and 2012, the valuation allowance increased by $851,714 and $309,707, respectively.
		As of October 31, 2013 and 2012, the Company had net operating loss carryforwards (“NOL”) for federal and state reporting purposes of approximately $1,179,445 and $327,731, respectively, which expire in various years through 2034. The Federal and state tax codes provide for restrictive limitations on the annual utilization of NOLs to offset taxable income when the stock ownership of a company significantly changes, as defined.
		The income tax provision effective rate of 0% differs from that computed using the 31% federal income tax rate (net of state tax deduction) combined with an 8.84% California state income tax rate, due to the following:
			31-Oct-13				31-Oct-12
	Tax benefit at statutory federal rate		$	(662,729	)		$	(240,987	)
	State taxes, net of federal tax benefit			(188,985	)			(68,720	)
	Increase (decrease) in valuation allowance			851,714				309,707
	Other			—				—
	Permanent Items			—				—
	General business tax credit			—				—
	Total		$	—			$	—

Contingencies

Contingencies	12 Months Ended
	Oct. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Contingencies	'
	Note J -	Contingencies
		On January 27, 2014, Ellenoff, Grossman &Schole LLPfiled a claim against the Company alleging breach of contract relating to unpaid legal fees of $80,464.  The Company has accrued $16,562 of legal services provided.  The remaining balance relates to services provided in relation to the private financing which commenced in October 2012. This fee is payable when the financing closes. The difference arises as to when the financing is considered close and hence when the fee is due and payable.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Method of Accounting	'
		Method of Accounting
		The Company maintains its books and prepares its financial statements on the accrual basis of accounting.
Development Stage	'
		Development Stage
		The Company has operated as a development stage enterprise since its inception by devoting substantially all of its efforts to financial planning, raising capital, research and development, and developing markets for its services. The Company prepares its financial statements in accordance with the requirements of FASB ASC 915.
Cash and Cash Equivalents	'
		Cash and Cash Equivalents
		Cash and cash equivalents include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions, which periodically may exceed federally insured amounts.
Loss Per Common Share	'
		Loss per Common Share
		Loss per common share is computed in accordance with FASB ASC 260-10, by dividing income (loss) available to common stockholders by weighted average number of common shares outstanding for each period.
Use of Estimates	'
		Use of Estimates
		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 can differ from those estimates.
Organizational Costs	'
		Organizational Costs
		Organizational costs represent management, consulting, legal, accounting, and filing fees incurred to date in the formation of the company. Organizational costs are expensed as incurred in accordance with FASB ASC 720-15.
Income Taxes	'
		Income Taxes
		The Company accounts for income taxes under the asset and liability method, wherein deferred tax assets and liabilities are recognized for the future tax consequences attributable to the 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 the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.
		The Company’s short-term and long-term deferred tax liability is based on the calculation of the deferred taxes on the Company’s unrealized gain on available-for-sale securities using a 40% effective tax rate based on a 31% federal income tax rate (net of state tax deduction) combined with an 8.84% California state income tax rate. The Company recognizes a deferred tax asset (through changes in the valuation allowance) for the exact amount of the deferred tax liability. The classification of these deferred taxes is concurrent with the classification of investments for which the unrealized gain is derived. For balance sheet presentation, current deferred tax assets and liabilities have been offset and presented as a single amount and non-current deferred tax assets and liabilities within each tax jurisdiction have been offset and presented as a single amount.
		When tax returns are filed, it is highly probable that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of October 31, 2013, the Company had no unrecognized tax benefits, and the Company had no positions which, in the opinion of management, would be reversed if challenged by a taxing authority. The Company’s evaluation of tax positions was performed for those tax years which remain open to audit. The Company may from time to time, be assessed interest or penalties by the taxing authorities, although any such assessments historically have been minimal and immaterial to the Company’s financial results. In the event the Company is assessed interest and/or penalties, such amounts will be classified as income tax expense in the financial statements.
Financial Instruments	'
		Financial Instruments
		The Company’s financial instruments consist of cash and due to parent. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The fair value of these financial instruments approximates their carrying value, unless otherwise noted.
Recent Pronouncements	'
		Recent Pronouncements
		The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow.

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Oct. 31, 2013
Income Tax Disclosure [Abstract]	'
Schedule of Components of Income Tax Expense (Benefit)	'
		The provision (benefit) for income taxes consists of the following for the years ended October 31, 2013 and 2012:
							31-Oct-13				31-Oct-12
	Current		U.S.			$	—			$	—
	Deferred		U.S.				—				—
	Total					$	—			$	—
Schedule of Deferred Tax Assets	'
	Deferred tax assets consist of the following as of October 31, 2013 and 2012:
			31-Oct-13				31-Oct-12
	Net operating loss carryforward		$	(1,179,445	)		$	(327,731	)
	general business tax credit			—				—
	Accrued expenses			—				—
	Other			—				—
				(1,179,445	)			(327,731	)
	Valuation allowance			1,179,445				327,731
	Total		$	—			$	—
Schedule of Change in Tax Benefits	'
		The income tax provision effective rate of 0% differs from that computed using the 31% federal income tax rate (net of state tax deduction) combined with an 8.84% California state income tax rate, due to the following:
			31-Oct-13				31-Oct-12
	Tax benefit at statutory federal rate		$	(662,729	)		$	(240,987	)
	State taxes, net of federal tax benefit			(188,985	)			(68,720	)
	Increase (decrease) in valuation allowance			851,714				309,707
	Other			—				—
	Permanent Items			—				—
	General business tax credit			—				—
	Total		$	—			$	—

The_Company_Details_Narrative

The Company (Details Narrative)	Oct. 31, 2013
Company	'
Ownership percentage held by parent company	57.84%

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Effective tax rate	40.00%
Federal income tax rate	31.00%
State income tax rate	8.84%

Equity_Securities_Details_Narr

Equity Securities (Details Narrative) (USD $)	0 Months Ended	1 Months Ended	12 Months Ended
	Jan. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Equity [Abstract]	'	'	'
Common shares issued under subscriptions	'	'	907,850
Proceeds from issuance of common shares under private placement	$2,600,000	$1,000,000	$1,815,700

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	Oct. 31, 2013
Going Concern	'
Accumulated Deficit	$2,960,459

Due_to_Parent_Details_Narrativ

Due to Parent (Details Narrative) (USD $)	Oct. 31, 2013	Oct. 31, 2012
Related Party Transactions [Abstract]	'	'
Due to Parent	$0	$23,337

Stock_Transactions_Details_Nar

Stock Transactions (Details Narrative) (USD $)	0 Months Ended	1 Months Ended		12 Months Ended		73 Months Ended	0 Months Ended	1 Months Ended
	Jan. 31, 2013	Oct. 31, 2012	Sep. 30, 2012	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Mar. 26, 2013	31-May-13
							Park Place Motor Ltd [Member]	Park Place Motor Ltd [Member]
Maximum number of shares offering to private	1,300,000	500,000	'	'	'	'	'	'
Proceeds from private placement	$2,600,000	$1,000,000	'	$1,815,700	'	'	'	'
Common shares issued under subscriptions	'	'	'	907,850	'	907,850	'	'
Common stock, price per share	'	'	'	$2	'	'	'	'
Common stock shares issued in consideration of notes payable, shares	'	'	'	'	'	'	167,000	'
Common stock shares issued in consideration of notes payable	'	'	'	'	'	'	'	334,000
Payments made to parent relating to common stock subscription agreement	'	'	45,000	'	'	'	'	'
Additional reverse merger expenses	'	'	$771,736	($907,418)	($771,736)	($1,679,154)	'	'

Reverse_Merger_Expenses_Detail

Reverse Merger Expenses (Details Narrative) (USD $)	12 Months Ended		73 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Business Combinations [Abstract]	'	'	'
Consulting expense relating to reverse merger	$1,200,000	'	$1,201,776

Income_Taxes_Details_Narrative

Income Taxes (Details Narrative) (USD $)	12 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Income Tax Disclosure [Abstract]	'	'
Increase (decrease) in valuation allowance	$851,714	$309,707
Net operating loss carryforward	$1,179,445	$327,731
Operating loss carryforwards expiration date	'2034	'
Effective income tax rate, percent	0.00%	'
Federal income tax rate differential, percent	31.00%	'
California state income tax rate	8.84%	'

Income_Taxes_Schedule_of_Compo

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) (USD $)	12 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Income Tax Disclosure [Abstract]	'	'
Current	'	'
Deferred	'	'
Income tax provision	$0	$0

Income_Taxes_Schedule_of_Defer

Income Taxes - Schedule of Deferred Tax Assets (Details) (USD $)	Oct. 31, 2013	Oct. 31, 2012
Income Tax Disclosure [Abstract]	'	'
Net operating loss carryforward	($1,179,445)	($327,731)
General business tax credit	'	'
Accrued expenses	'	'
Other	'	'
Deferred tax assets, gross	-1,179,445	-327,731
Valuation allowance	1,179,445	327,731
Total	'	'

Income_Taxes_Schedule_of_Chang

Income Taxes - Schedule of Change in Tax Benefits (Details) (USD $)	12 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Income Tax Disclosure [Abstract]	'	'
Tax benefit at statutory federal rate	($662,729)	($240,987)
State taxes, net of federal tax benefit	-188,985	-68,720
Increase (decrease) in valuation allowance	851,714	309,707
Other	'	'
Permanent Items	'	'
General business tax credit	'	'
Income tax provision	$0	$0

Contingencies_Details_Narrativ

Contingencies (Details Narrative) (USD $)	12 Months Ended	0 Months Ended
	Oct. 31, 2013	Oct. 31, 2013
		January, 27 2014 [Member]
Unpaid legal fees	'	$80,464
Legal services provied	$16,562	'