Corix Bioscience (CXBS) 10-K 6 May 15 2015 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jan. 31, 2015
Document And Entity Information
Entity Registrant Name	AFFINITY MEDIAWORKS CORP
Entity Central Index Key	1433821
Document Type	10-K
Document Period End Date	31-Jan-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-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 Public Float	$178,991,610
Entity Common Stock, Shares Outstanding	116,068,770
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2015

Balance_Sheets

Balance Sheets (USD $)	Jan. 31, 2015	Jan. 31, 2014
ASSETS
Cash	$461	$0
Prepaid Expense	0	701
Total Assets	461	701
Current Liabilities:
Accounts payable and accrued liabilities	0	10,754
Accounts Payable - Related Party	0	7,569
Notes Payable	0	3,597
Notes Payable - Related Party	0	1,600
Total Liabilities	0	23,520
Stockholders' Equity (Deficit)
Preferred Stock 9,980,000 shares authorized, $0.00001 par value; no shares issued and outstanding; Preferred Stock – Series A 20,000 shares authorized, $0.00001 par value; 20,000 shares issued and outstanding (2014 – no shares)	0	0
Common Stock 500,000,000 shares authorized, $0.00001 par value; 116,068,770 shares issued and outstanding (2014 – 173,885 shares)	1,161	2
Additional Paid-In Capital	4,456,574	4,377,300
Accumulated Deficit	-4,457,274	-4,400,121
Total Stockholders' Equity (Deficit)	461	-22,819
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$461	$701

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Jan. 31, 2015	Jan. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	190,000,000	190,000,000
Common stock, shares issued	116,068,770	173,885
Common stock, shares outstanding	116,068,770	173,885
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	9,980,000	9,980,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Preferred Stock – Series A, par value	$0.00	$0.00
Preferred Stock – Series A, shares authorized	20,000	20,000
Preferred Stock – Series A, shares issued	20,000	0
Preferred Stock – Series A, shares outstanding	20,000	0

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Income Statement [Abstract]
Consulting services	$16,906	$3,000
General and Administrative	3,345	5,615
Professional fees	30,795	15,000
Rent	3,000	3,000
Legal and Accounting	30,795	15,000
Total Expenses	54,046	26,615
Loss Before Other Expense	-54,046	-26,615
Interest Expense	-3,107	-1,094
Loss on Debt Conversion - Related Party	0	-1,693,902
Net Loss	($57,153)	($1,721,611)
Net Loss Per Share – Basic and Diluted	$0	($12.19)
Weighted Average Shares Outstanding – Basic and Diluted	71,914,896	141,241

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Statement of Cash Flows [Abstract]
Net Loss	($57,153)	($1,721,611)
Loss on Debt Conversion - Related Party	$0	$1,693,902

Statements_of_Stockholders_Equ

Statements of Stockholders’ Equity (Deficit) (USD $)	Preferred Stock - Series A	Common Stock	Additional Paid-In Capital	Retained Earnings / Accumulated Deficit	Total
Balance, value at Jan. 31, 2013		$1	$2,661,301	($2,678,510)	($17,208)
Balance, share at Jan. 31, 2013		100,336
Donated services			6,000		6,000
Stock issued for conversion of debt, shares		73,549
Stock issued for conversion of debt, value		1	1,709,999		1,710,000
Net Loss				-1,721,611	-1,721,611
Balance value at Jan. 31, 2014		2	4,377,300	-4,400,121	-22,819
Balance, share at Jan. 31, 2014		173,885
Issuance of founder's shares, shares		69,531,000
Issuance of founder's shares, value		695	13,211		13,906
Donated services			6,000		6,000
Common stock issued for beneficial round-up		198
Stock issued for cash, shares		27,000,000
Stock issued for cash, value		270	5,130		5,400
Preferred stock issued for conversion of debt, shares		21,500,000
Preferred stock issued for conversion of debt, value		215	21,285		21,500
Common stock returned to treasury, shares		-2,136,313
Common stock returned to treasury, value		-21	21
Forgiveness of related party note payable			3,175		3,175
Forgiveness of amount due to related party			11,000		11,000
Net Loss				-57,153	-57,153
Balance value at Jan. 31, 2015		$1,161	$4,456,574	($4,457,274)	$461
Balance, share at Jan. 31, 2015	20,000	116,068,770

1_Nature_of_Operations

1. Nature of Operations	12 Months Ended
	Jan. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
1. Nature of Operations	The Company was incorporated on December 17, 2007 under the laws of the State of Nevada.  On January 7, 2010, the Company changed its name from Green Bikes Rental Corporation to Affinity Mediaworks Corp.  The Company's former principal business was to seek a suitable candidate to consummate an acquisition, merger or other suitable business combination method.  On February 4, 2015, the Company and the Company’s shareholders entered into a Share Purchase Agreement with American Realty Partners, LLC, (“ARP”) pursuant to which ARP acquired 20,000 shares of the Series A Preferred stock and 58,809,678 shares of common stock from the selling shareholders.  The Company changed its principal business to ARP’s principal business of acquisition and management of real estate as rental properties.  Refer to Note 7(a).
	Going Concern
	These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated any revenue since inception and is unlikely to generate significant earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its stockholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at January 31, 2015, the Company has accumulated losses of $4,457,274 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE_2_SUMMARY_OF_SIGNIFICANT_

NOTE 2B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	a)           Basis of Presentation
	These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America. The Company’s fiscal year-end is January 31.
	b)           Use of Estimates
	The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
	c)           Cash and Cash Equivalents
	The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.  As of January 31, 2015 and 2014, there were no cash equivalents.
	d)           Basic and Diluted Earnings (Loss) Per Share
	The Company computes earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive.
	e)           Income Taxes
	The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.
	f)           Financial Instruments
	ASC 820, “Fair Value Measurements and Disclosures”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:
	Level 1
	Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
	Level 2
	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.
	Level 3
	Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
	The Company’s financial instruments consist principally of cash. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
	g)           Recent Accounting Pronouncements
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.
	h)           Reclassifications
	Certain comparative figures have been reclassified to conform to the current year's presentation.

NOTE_3_RELATED_PARTY_TRANSACTI

NOTE 3 - RELATED PARTY TRANSACTIONS	12 Months Ended
	Jan. 31, 2015
Related Party Transactions [Abstract]
NOTE 3 - RELATED PARTY TRANSACTIONS	a)	During the year ended January 31, 2015, the Company recognized $6,000 (2014 - $6,000) for donated rent and services provided by the President and Director of the Company.
	b)	During the year ended January 31, 2013, the Company incurred liabilities to Cortland Communications, LLC (“Cortland”) in the amount of $8,202. The former President of the Company is also the president of Cortland. The promissory notes bear simple interest at 15% per annum. On July 12, 2013, in exchange for notes payable and accrued interest of $16,098 as of that date, 73,549 shares of common stock were issued to Cortland. The stock was valued based on the fair market closing price on the date of the grant. The Company incurred a loss on debt conversion of $1,693,902 related to this stock transaction. During the year ended January 31, 2014, the Company incurred new liabilities to Cortland in the amount of $1,600. The promissory notes bear simple interest at 15% per annum. On April 15, 2014, a debt purchase agreement was signed with a third party and Cortland assumed the debt in the amount of $3,961 in a promissory note bearing simple interest at 15% per annum.  During the year ended January 31, 2015, the Company incurred new liabilities to Cortland in the amount of $12,325.   On October 28, 2014, the Company issued 20,000 shares of preferred stock with a fair value of $4 to settle $17,886 of notes payable and $1,566 of accrued interest owing to Cortland. The fair value of the preferred stock was based on the fair value of the common stock if such preferred stock would be converted.  The gain on the conversion of $19,448 was recorded in additional paid in capital.
	c)	As of January 31, 2014, the Company was indebted to Lyboldt-Daly, Inc. (“Lyboldt-Daly”) $7,500 for accounting services provided to the Company.  A former majority shareholder of the Company is also the President of Lyboldt-Daly.  During the year ended January 31, 2015, the Company accrued another $3,500 for accounting services provided to the Company.  During the year ended January 31, 2015, $11,000 was forgiven by Lyboldt-Daly and the amount was recorded in additional paid-in capital.
	d)	On January 30, 2015, a former majority shareholder of the Company advanced $3,175 to the Company.  The advance was non-interest bearing, unsecured and had no terms of repayment. On January 31, 2015, the $3,175 was forgiven by the shareholder and the amount was recorded in additional paid-in capital.
	e)	On May 27, 2014, the Company incurred liabilities to Data Capital Corp. and issued a promissory note in the amount of $20,000. The promissory note bears simple interest at 15% per annum. On January 13, 2015, the Company issued 21,500,000 shares of common stock with a fair value of $4,300 to settle the $20,000 note payable and $1,500 of accrued interest.  The gain on the conversion of $17,200 was recorded in additional paid in capital.

NOTE_4_Preferred_Stock_Series_

NOTE 4. Preferred Stock b Series A	12 Months Ended
	Jan. 31, 2015
Notes to Financial Statements
4. Preferred Stock b Series A
	a)	On July 11, 2014, the Company filed an Amendment to Certificate of Designation with the State of Nevada to amend the designation of the blank check preferred stock to include 20,000 authorized shares of preferred stock – Series A, with each share entitling the holder to 25,000 votes on all matters submitted to a vote of the stockholders.  The Series A preferred stock is convertible to one common stock.
	b)	On October 28, 2014, the Company issued 20,000 shares of Series A preferred stock at a fair value of $4 to settle $17,886 of notes payable and $1,566 of accrued interest owing to the former President of the Company.

NOTE_5_COMMON_STOCK

NOTE 5 - COMMON STOCK	12 Months Ended
	Jan. 31, 2015
Equity [Abstract]
NOTE 5 - COMMON STOCK
	a)	On January 13, 2015, the Company issued 21,500,000 shares of common stock to settle a $20,000 note payable and $1,500 of accrued interest. Refer to Note 3(e).
	b)	On October 31, 2014, 2,136,313 shares of common stock that were previously issued by the Company through a consulting agreement were canceled and returned to treasury.
	c)	On July 25 and August 13, 2014, the Company issued 18,000,000 and 9,000,000 shares of common stock, respectively, at $0.0002 per share for cash proceeds of $5,400.
	d)	On July 8, 2014 the Company filed a Certificate of Amendment with the State of Nevada to increase the number of authorized capital stock to 510,000,000. The number of authorized shares of common stock increased to 500,000,000 with a par value of $0.00001 and the number of authorized blank check preferred remained the same at 10,000,000 with a par value of $0.00001.
	e)	On July 1, 2014, the Company issued 61 shares of common stock due to a beneficial round-up and recalculation of the previous reverse stock split.
	f)	On April 1, 2014, the Company issued 137 shares of common stock due to a beneficial round-up and recalculation of the previous reverse stock split.
	g)	On April 1, 2014, the Company issued 69,531,000 shares of common stock to the founders of the Company for consulting services with a fair value of $13,906.
	h)	On February 21, 2014 the Company completed a 1 for 775 reverse stock split. All common stock issued and outstanding has been adjusted retroactively to reflect this change.
	i)	On July 12, 2013, in exchange for notes payable and accrued interest of $16,098, 73,549 shares of common stock were issued to Cortland. The stock was valued based on fair market closing price on the date of the grant. The Company had a loss on debt conversion of $1,693,902 related to this stock transaction. Refer to Note 3(b).

NOTE_6_INCOME_TAXES

NOTE 6 -B INCOME TAXES	12 Months Ended
	Jan. 31, 2015
Income Tax Disclosure [Abstract]
NOTE 6 -B INCOME TAXES	The Company has net operating losses carried forward of $411,462 available to offset taxable income in future years which expires beginning in fiscal 2028.  The Company is subject to United States federal and state income taxes at an approximate rate of 34%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:
		January 31,			January 31,
		2015			2014
		$			$
	Income tax recovery at statutory rate		19,432			585,348
	Permanent differences		(6,768	)		(577,967	)
	Valuation allowance change		(12,664	)		(7,381	)
	Provision for income taxes		–			–
	The significant components of deferred income tax assets and liabilities at January 31, 2014 and 2015, are as follows:
		January 31,			January 31,
		2015			2014
		$			$
	Net operating loss carryforward		139,897			127,233
	Valuation allowance		(139,897	)		(127,233	)
	Net deferred income tax asset					–

NOTE_7_SUBSEQUENT_EVENT

NOTE 7 - SUBSEQUENT EVENT	12 Months Ended
	Jan. 31, 2015
Subsequent Events [Abstract]
NOTE 7 - SUBSEQUENT EVENT
	a)	On February 4, 2015, the Company and the Company’s shareholders entered into a Share Purchase Agreement with American Realty Partners, LLC (“ARP”) pursuant to which ARP acquired 58,809,678 shares of common stock, representing 50.79% of the total issued and outstanding shares of common stock of the Company, and 20,000 shares of Series A preferred stock of the Company representing 100% of the total issued and outstanding shares of Series A preferred stock of the Company. The agreement closed on February 13, 2015. As a result of this transaction, a change of control of the Company took place.
	b)	On February 4, 2015, the board of directors of the Company approved a 1000 to 1 reverse stock split of the Company’s common stock. The reverse stock split is subject to dissenter’s rights under Nevada law. The reverse stock split will be effectuated on May 8, 2015, upon the expiration of the dissenter’s rights.

NOTE_2_SUMMARY_OF_SIGNIFICANT_1

NOTE 2B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
BASIS OF PRESENTATION	These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America. The Company’s fiscal year-end is January 31.
USE OF ESTIMATES	The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
CASH AND CASH EQUIVALENTS	The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.  As of January 31, 2015 and 2014, there were no cash equivalents.
BASIC AND DILUTED NET LOSS PER COMMON SHARE	The Company computes earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive.
INCOME TAXES	The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.
FINANCIAL INSTRUMENTS	ASC 820, “Fair Value Measurements and Disclosures”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:
	Level 1
	Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
	Level 2
	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.
	Level 3
	Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
	The Company’s financial instruments consist principally of cash. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
RECENT ACCOUNTING PRONOUNCEMENTS	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.
RECLASSIFICATIONS	Certain comparative figures have been reclassified to conform to the current year's presentation.

NOTE_6_INCOME_TAXES_Tables

NOTE 6 -B INCOME TAXES (Tables)	12 Months Ended
	Jan. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of income tax reconciliation		January 31,			January 31,
		2015			2014
		$			$
	Income tax recovery at statutory rate		19,432			585,348
	Permanent differences		(6,768	)		(577,967	)
	Valuation allowance change		(12,664	)		(7,381	)
	Provision for income taxes		–			–
Schedule of deferred tax assets and liabilities		January 31,			January 31,
		2015			2014
		$			$
	Net operating loss carryforward		139,897			127,233
	Valuation allowance		(139,897	)		(127,233	)
	Net deferred income tax asset					–

NOTE_6_INCOME_TAXES_Details

NOTE 6 -B INCOME TAXES (Details) (USD $)	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Income Tax Disclosure [Abstract]
Income tax recovery at statutory rate	$19,432	$585,348
Permanent differences	-6,768	-577,967
Valuation allowance change	-12,664	-7,381
Provision for income taxes	$0	$0

NOTE_6_INCOME_TAXES_Details_1

NOTE 6 -B INCOME TAXES (Details 1) (USD $)	Jan. 31, 2015	Jan. 31, 2014
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$139,897	$127,233
Valuation allowance	-139,897	-127,233
Net deferred income tax asset		$0

NOTE_6_Income_Taxes_Details_Na

NOTE 6. Income Taxes (Details Narrative) (USD $)	Jan. 31, 2015
Note 6. Income Taxes Details Narrative
Operating losses carried forward	$411,462