Autris (AUTR) 10-Q 6 Feb 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 31, 2014	Feb. 03, 2015
Document And Entity Information
Entity Registrant Name	AUTRIS
Entity Central Index Key	1441362
Document Type	10-Q
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-24
Trading Symbol	AUTR
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		43,168,556
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2015

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Current assets
Cash	$96,397	$65,424
Accounts receivable	22,731	23,251
Other assets	2,200
Inventory	68,885	25,487
Total current assets	190,213	114,162
Property and Equipment, net of accumulated depreciation	26,067	26,493
Total assets	216,280	140,655
Current liabilities
Accounts payable and accrued liabilities	115,276	57,371
Accrued expense - related party	140,000	60,000
Accrued imputed interest - related party	4,551	1,904
Note payable, related party	93,208	56,016
Total current liabilities	353,035	175,291
Stockholders' (deficit)
Common stock, $0.001 par value; 75,000,000 shares authorized; 43,168,556 issued and outstanding at September 30, 2014 and June 30, 2014	43,169	43,169
Additional paid in capital	294,207	294,207
Common stock subscription receivable	0	-60,000
Accumulated deficit	-474,131	-312,012
Total stockholders' (deficit)	-136,755	-34,636
Total liabilities and stockholders' (deficit)	$216,280	$140,655

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Statement of Financial Position [Abstract]
Common stock par value	$0.00	$0.00
Common stock shares authorized	75,000,000	75,000,000
Common stock shares issued	43,168,556	43,168,556
Common stock shares outstanding	43,168,556	43,168,556

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Revenue	$299,443	$189,137	$353,494	$581,726
Cost of revenue	122,755	122,686	170,744	359,235
Gross profit	176,688	66,451	182,750	222,491
Operating expenses
Professional fees	17,927	101,155	67,288	114,580
Depreciation	1,663	1,695	3,326	3,212
Travel	9,096	30,930	23,780	57,172
Research and development	24,230		24,230	30,035
Promotional and advertising	-7,081	-16,089	-8,405	-19,787
General and administrative	116,867	50,698	215,012	104,609
Total operating expenses	176,864	200,567	342,041	329,395
Loss from operations	-176	-134,116	-159,291	-106,904
Other income (expense)
Interest income		2		16
Interest expense	-1,323	-819	-2,828	-819
Total other income (expense)	-1,323	-817	-2,828	-803
Net loss	($1,499)	($134,933)	($162,119)	($107,707)
Basic and diluted net loss per common share	$0	$0	$0	$0
Basic and Diluted Weighted average shares outstanding	43,168,556	27,078,897	43,168,556	27,078,897

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities
Net loss	($162,119)	($107,707)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation	3,326	3,212
Amortization of debt discount		819
Shares issued for services		41,000
Expenses paid on behalf of the Company by a related party	14,000
Changes in operating assets and liabilities
Accounts receivable	520	72,185
Inventory	-43,398	38,090
Other Assets	-2,200	-150
Accounts payable and accrued liabilities	57,905	-85,522
Accrued expenses-related party	80,000
Accrued imputed interest - related party	2,647
Net cash used in operating activities	-49,319	-38,073
Cash flows from investing activities
Purchase of equipment	-2,900
Cash flows from investing activities	-2,900
Cash flows from financing activities
Cash acquired in merger		7
Proceeds from notes payable - related party	66,000	41,016
Payments on notes payable - related party	-42,808	-9,865
Proceeds from sale of stock		111,790
Payments received on common stock subscription receivable	60,000
Net cash provided by financing activities	83,192	142,948
Net change in cash	30,973	104,875
Cash at beginning of period	65,424	19,323
Cash at end of period	96,397	124,198
Supplemental cash flow Information:
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities
Common stock issued for subscription receivable		$60,000

Nature_of_Business

Nature of Business	6 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Nature of Business	Note 1 - Nature of Business
	AUTRIS (the “ Company ” ) was incorporated in the State of Nevada on February 28, 2008 as Big Sky Productions, Inc. The Company filed a Certificate of Amendment with the Nevada Secretary of State on January 6, 2014 effecting the name change.
	On October 9, 2013, we acquired 100% of the membership interest of NitroHeat, LLC. Under the membership interest purchase agreement, Autris issued 20,000,000 shares of its common stock to Derek Naidoo (100% membership owner) exchange for 100% of NitroHeat, LLC. For accounting purposes, the acquisition of the NitroHeat, LLC by Autris has been accounted for as a re-capitalization, similar to a reverse acquisition whereby the private company, NitroHeat, LLC, acquired (Autris) due to a change in control. Accordingly, NitroHeat, LLC is considered the acquirer for accounting purposes and thus, the historical financials are primarily that of NitroHeat, LLC As a result of this transaction, Autris changed its business direction and is now a manufacturer and distributor of heated nitrogen system primarily focused towards the spray painting industry.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies
	Basis of presentation
	The accompanying unaudited condensed interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information.
	The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Plan of Operations for the year ended June 30, 2014.
	Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The interim results for the three and six months ended December 31, 2014 are not necessarily indicative of results for the full fiscal year.
	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. Areas requiring the use of estimates include impairment of long lived assets, valuation allowance applied to deferred tax assets and useful lives used in the depreciation of equipment. Actual results could differ from those estimates.
	Principles of consolidation
	For the period ended December 31, 2014 and June 30, 2014, the consolidated financial statements include the accounts of NitroHeat, LLC and Autris. All significant intercompany balances and transactions have been eliminated. NitroHeat, LLC and Autris will be collectively referred herein to as the “Company ” .
	Cash and Cash Equivalents
	All highly liquid investments with maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of December 31, 2014.
	Inventory
	Inventories are stated at the lower of cost (first-in, first-out basis) or market (net realizable value). At December 31, 2014, inventories consisted of the following:
			31-Dec-14
	Raw Materials		$	5,911
	WIP			—
	Finished Goods			62,974
	Total		$	68,885
	Property and Equipment
	Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period.
	Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are:
		Estimated Useful Lives
	Furniture and Fixtures	5 - 10 years
	Computer Equipment	2 - 5 years
	Vehicles	5 - 10 years
	For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. For audit purposes, depreciation is computed under the straight-line method.
	Earnings per share
	FASB ASC 260, “ Earnings Per Share ” provides for calculation of "basic" and "diluted" earnings (loss) per share. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. Basic and diluted loss per share were the same, at the reporting dates, as there were no common stock equivalents outstanding.
	Stock-based compensation
	The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award
	The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.
	Revenue Recognition
	The Company's financial statements are prepared under the accrual method of accounting. Revenues are recognized when evidence of an agreement exists, the price is fixed or determinable, collectability is reasonably assured and goods have been delivered or services performed.
	Through the acquisition of NitroHeat, the Company derived revenues from the sale of advertising space on its radio program “ The Ellis Martin Report. ” “ The Ellis Martin Report ” is a paid news magazine airing on select AM radio stations in the United States. Clients and/or guests compensated the Company for time on this program to expose their business or stories to the listening audience.
	Since the acquisition of NitroHeat, the Company derives revenues from the sale of heated nitrogen systems.
	Recent Accounting Pronouncements
	The Company has evaluated recent accounting pronouncements and their adoption has not had or is not expected to have a material impact on the Company ’ s financial position, or statements.
	Reclassification
	Certain accounts have been reclassified in the comparative prior year financial statements to conform to the current period presentation. Subscription receivable of $60,000 has been segregated from Common Stock and Additional Paid-In Capital at June 30, 2014 to conform to the September 30, 2014 balance sheet. Correspondingly, the number of shares outstanding has also been adjusted to reflect this distinction.

Going_Concern

Going Concern	6 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Going Concern	Note 3 - Going Concern
	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. The Company incurred a net loss from continuing operations for the six months ended December 31, 2014 of $159,291. The Company ’ s net operating loss was primarily related to expenses incurred in connection with its merger activities. The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock and, ultimately, the achievement of significant operating revenues. These 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 result from this uncertainty.

Property_and_Equipment

Property and Equipment	6 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Property and Equipment	Note 4 – Property and Equipment
		31-Dec-14			30-Jun-14
	Leasehold improvements	$	2,795		$	2,795
	Computer and video equipment		11,265			11,265
	Machinery		38,239			35,370
	Furniture and equipment		5,091			5,091
	Sub Total	$	57,390		$	54,521
	Accumulated depreciation		(31,323	)		(28,028	)
	Total	$	26,067		$	26,493
	Depreciation expense	$	3,326		$	6,015

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Related Party Transactions	Note 5 - Related Party Transactions
	During the six months ended December 31, 2014, the Company repaid outstanding loans from an officer of the Company totaling $42,808 and received advancements of $66,000. In addition, the same officer paid $14,000 of expenses on behalf of the Company. There was a total of $93,208 due to related parties as of December 31, 2014. The loans are non-interest bearing, due on demand and as such are included in current liabilities. The Company also has $140,000 due to a Company officer for compensation as of December 31, 2014.

Stockholders_Equity

Stockholders' Equity	6 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Stockholders' Equity	Note 6 - Stockholders’ Equity
	Common Stock
	The Company is authorized to issue up to 75,000,000 shares of $0.001 par value common stock. The Company has no stock option plan, warrants or other dilutive securities.
	During the six months ending December 31, 2014, the Company received $60,000 for shares issued in the prior year. As of December 31, 2014 $0 is remaining in common stock subscription receivable.

Subsequent_Events

Subsequent Events	6 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	Note 7 - Subsequent Events
	Subsequent to December 31, 2014, we issued 1,600,000 shares of common stock to an officer of the Company for the $80,000 of accrued compensation.
	Subsequent to December 31, 2014, the Company entered into a $6,000 convertible note with an exercise price of 80% of the 10-day average closing price of the Company’s stock leading up to conversion. The note bears interest at 12% per annum and is due January 19, 2017. As additional consideration to this note, the Company issued a warrant to the lender. The warrant gives the lender the ability to purchase 60,000 shares of the Company’s common stock at an exercise price of $.10. The warrant expires January 2016.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation
	The accompanying unaudited condensed interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information.
	The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Plan of Operations for the year ended June 30, 2014.
	Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The interim results for the three and six months ended December 31, 2014 are not necessarily indicative of results for the full fiscal year.
Estimates	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. Areas requiring the use of estimates include impairment of long lived assets, valuation allowance applied to deferred tax assets and useful lives used in the depreciation of equipment. Actual results could differ from those estimates.
Principles of consolidation	Principles of consolidation
	For the period ended December 31, 2014 and June 30, 2014, the consolidated financial statements include the accounts of NitroHeat, LLC and Autris. All significant intercompany balances and transactions have been eliminated. NitroHeat, LLC and Autris will be collectively referred herein to as the “Company ” .
Cash and Cash Equivalents	Cash and Cash Equivalents
	All highly liquid investments with maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of December 31, 2014.
Inventory	Inventory
	Inventories are stated at the lower of cost (first-in, first-out basis) or market (net realizable value). At December 31, 2014, inventories consisted of the following:
			31-Dec-14
	Raw Materials		$	5,911
	WIP			—
	Finished Goods			62,974
	Total		$	68,885
Property and Equipment	Property and Equipment
	Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period.
	Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are:
		Estimated Useful Lives
	Furniture and Fixtures	5 - 10 years
	Computer Equipment	2 - 5 years
	Vehicles	5 - 10 years
	For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. For audit purposes, depreciation is computed under the straight-line method.
Earnings per Share	Earnings per share
	FASB ASC 260, “ Earnings Per Share ” provides for calculation of "basic" and "diluted" earnings (loss) per share. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. Basic and diluted loss per share were the same, at the reporting dates, as there were no common stock equivalents outstanding.
Stock-based compensation	Stock-based compensation
	The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award
	The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.
Revenue Recognition	Revenue Recognition
	The Company's financial statements are prepared under the accrual method of accounting. Revenues are recognized when evidence of an agreement exists, the price is fixed or determinable, collectability is reasonably assured and goods have been delivered or services performed.
	Through the acquisition of NitroHeat, the Company derived revenues from the sale of advertising space on its radio program “ The Ellis Martin Report. ” “ The Ellis Martin Report ” is a paid news magazine airing on select AM radio stations in the United States. Clients and/or guests compensated the Company for time on this program to expose their business or stories to the listening audience.
	Since the acquisition of NitroHeat, the Company derives revenues from the sale of heated nitrogen systems.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	The Company has evaluated recent accounting pronouncements and their adoption has not had or is not expected to have a material impact on the Company ’ s financial position, or statements.
Reclassification	Reclassification
	Certain accounts have been reclassified in the comparative prior year financial statements to conform to the current period presentation. Subscription receivable of $60,000 has been segregated from Common Stock and Additional Paid-In Capital at June 30, 2014 to conform to the September 30, 2014 balance sheet. Correspondingly, the number of shares outstanding has also been adjusted to reflect this distinction.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Inventories	Inventories are stated at the lower of cost (first-in, first-out basis) or market (net realizable value). At December 31, 2014, inventories consisted of the following:
		31-Dec-14
	Raw Materials	$	5,911
	WIP		—
	Finished Goods		62,974
	Total	$	68,885
Estimated useful lives of depreciable assets	The estimated useful lives of depreciable assets are:
		Estimated Useful Lives
	Furniture and Fixtures	5 - 10 years
	Computer Equipment	2 - 5 years
	Vehicles	5 - 10 years

Property_and_Equipment_Tables

Property and Equipment (Tables)	6 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Property and Equipment
		31-Dec-14			30-Jun-14
	Leasehold improvements	$	2,795		$	2,795
	Computer and video equipment		11,265			11,265
	Machinery		38,239			35,370
	Furniture and equipment		5,091			5,091
	Sub Total	$	57,390		$	54,521
	Accumulated depreciation		(31,323	)		(28,028	)
	Total	$	26,067		$	26,493
	Depreciation expense	$	3,326		$	6,015

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Accounting Policies [Abstract]
Raw Materials	$5,911
WIP
Finished Goods	62,974
Total	$68,885	$25,487

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details 1)	6 Months Ended
	Dec. 31, 2014
Furniture and Fixtures [Member] | Minimum [Member]
Estimated Useful Lives	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Estimated Useful Lives	10 years
Computer Equipment [Member] | Minimum [Member]
Estimated Useful Lives	2 years
Computer Equipment [Member] | Maximum [Member]
Estimated Useful Lives	5 years
Vehicles [Member] | Minimum [Member]
Estimated Useful Lives	5 years
Vehicles [Member] | Maximum [Member]
Estimated Useful Lives	10 years

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details Narrative) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Accounting Policies [Abstract]
Subscription receivable	$0	($60,000)

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	6 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Net loss from continuing operations	($159,291)

Property_and_Equipment_Detalis

Property and Equipment (Detalis) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Notes to Financial Statements
Leasehold improvements	$2,795	$2,795
Computer and video equipment	11,265	11,265
Machinery	38,239	35,370
Furniture and equipment	5,091	5,091
Sub Total	57,390	54,521
Accumulated depreciation	-31,323	-28,028
Total	26,067	26,493
Depreciation expense	$3,326	$6,015

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	6 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Outstanding loans	$42,808
Received advancements	66,000
Due to related parties	93,208
Officer for compensation	14,000
Officer paid expenses	$140,000

Stockholders_Equity_Details_Na

Stockholders' Equity (Details Narrative) (USD $)	6 Months Ended
	Dec. 31, 2014	Jun. 30, 2014
Notes to Financial Statements
Common stock for cash	$60,000
Remaining in common stock subscription receivable.	$0
Common stock par value	$0.00	$0.00
Common stock shares authorized	75,000,000	75,000,000