Green Hygienics (GRYN) 10-Q 23 Dec 13 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	3 Months Ended
	Oct. 31, 2013	Dec. 03, 2013
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Green Hygienics Holdings Inc.	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--07-31	'
Entity Common Stock, Shares Outstanding	'	11,039,078
Entity Public Float	'	$3,800,000
Amendment Flag	'false	'
Entity Central Index Key	'0001443388	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-Oct-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Balance_Sheets

Balance Sheets (USD $)	Oct. 31, 2013	Jul. 31, 2013
Current assets	'	'
Cash	$912	$4,324
Total current assets	912	4,324
Total Assets	912	4,324
Current liabilities	'	'
Accounts payable and accrued liabilities	25,480	23,844
Management fees payable	29,812	29,812
Loan payable to related party	181,947	183,226
Total current liabilities	237,239	236,882
Total Liabilities	237,239	236,882
Stockholders' Deficiency	'	'
Common Stock, $0.001 par value 375,000,000 Common Shares Authorized 9,298,313 Common Shares issued and outstanding as of October 31, 2013 and July 31, 2013, respectively	9,298	9,298
Stock payable	60,000	0
Additional paid-in capital	10,303,816	10,300,170
Deficit accumulated during development stage	-10,609,441	-10,542,026
Total stockholders’ deficit	-236,327	-232,558
Total liabilities and stockholders’ equity	$912	$4,324

Balance_Sheets_Parentheticals

Balance Sheets (Parentheticals) (USD $)	Oct. 31, 2013	Jul. 31, 2013
Common Stock, par value (in Dollars per share)	$0.00	$0.00
Common Stock, shares authorized (in Shares)	375,000,000	375,000,000
Common Stock, shares issued (in Shares)	9,298,313	9,298,313
Common Stock, shares outstanding (in Shares)	9,298,313	9,298,313

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended		65 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Revenue	$0	$0	$150,000
Expenses:	'	'	'
Mining claims	0	0	20,000
Administration fees	8,500	0	60,500
Business development	23,319	0	1,559,245
Consulting fees	0	0	245,997
Management fees	21,000	22,500	276,712
General and administrative expense	10,950	39,330	473,400
Total Expenses	63,769	61,830	2,635,854
Net loss from operations before other :	-63,769	-61,830	-2,485,854
Loss on conversion of debt	0	0	-8,046,699
Interest on debt	-3,646	-3,457	-76,888
Net loss before income tax	-67,415	-65,287	-10,609,441
Provision for income tax	0	0	0
Net Income (Loss)	($67,415)	($65,287)	($10,609,441)
Basic & Diluted (Loss): per Common Share (in Dollars per share)	($0.01)	($1.29)	'
Weighted Average Number: of Common Shares (in Shares)	9,298,313	51,466	'

Statement_of_Stockholders_Equi

Statement of Stockholders' Equity (Deficit) (Unaudited) (USD $)

Loans Payable [Member]

Loans Payable [Member]

Loans Payable [Member]

Accounts Payable [Member]

Accounts Payable [Member]

Accounts Payable [Member]

Management Fee Payable [Member]

Management Fee Payable [Member]

Management Fee Payable [Member]

Common Stock [Member]

Additional Paid-in Capital [Member]

Stock Payable

Stock Subscription Receivable

Retained Earnings [Member]

Total

Common Stock [Member]

Additional Paid-in Capital [Member]

Common Stock [Member]

Additional Paid-in Capital [Member]

Common Stock [Member]

Additional Paid-in Capital [Member]

Balance at Jul. 31, 2007

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares issued to founders - June 12, 2008

'

'

'

'

'

'

'

'

'

$55

$19,945

'

'

'

$20,000

Shares issued to founders - June 12, 2008 (in Shares)

'

'

'

'

'

'

'

'

'

55,000

'

'

'

'

55,000

Net loss

'

'

'

'

'

'

'

'

'

'

'

'

'

-81,747

-81,747

Balance at Jul. 31, 2008

'

'

'

'

'

'

'

'

'

55

19,945

0

0

-81,747

-61,747

Balance (in Shares) at Jul. 31, 2008

'

'

'

'

'

'

'

'

'

55,000

'

'

'

'

'

Net loss

'

'

'

'

'

'

'

'

'

'

'

'

'

-34,237

-34,237

Balance at Jul. 31, 2009

'

'

'

'

'

'

'

'

'

55

19,945

'

'

-115,984

-95,984

Balance (in Shares) at Jul. 31, 2009

'

'

'

'

'

'

'

'

'

55,000

'

'

'

'

'

Net loss

'

'

'

'

'

'

'

'

'

'

'

'

'

-55,107

-55,107

Balance at Jul. 31, 2010

'

'

'

'

'

'

'

'

'

55

19,945

0

0

171,091

-151,091

Balance (in Shares) at Jul. 31, 2010

'

'

'

'

'

'

'

'

'

55,000

'

'

'

'

'

Net loss

'

'

'

'

'

'

'

'

'

'

'

'

'

-829,978

-829,978

Conversion of Debt

'

'

'

'

'

'

'

'

'

'

'

1,146,950

-181,785

'

965,165

Balance at Jul. 31, 2011

'

'

'

'

'

'

'

'

'

55

19,945

1,146,950

-181,785

-1,001,069

-15,904

Balance (in Shares) at Jul. 31, 2011

'

'

'

'

'

'

'

'

'

55,000

'

'

'

'

'

Net loss

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,238,054

-1,238,054

Cancellation of shares

'

'

'

'

'

'

'

'

'

-15

15

'

'

'

'

Cancellation of shares (in Shares)

'

'

'

'

'

'

'

'

'

-15,000

'

'

'

'

'

Issuance of shares for debt settlement

'

'

'

'

'

'

'

'

'

1

1,146,949

-1,146,950

181,785

'

181,785

Issuance of shares for debt settlement (in Shares)

'

'

'

'

'

'

'

'

'

764

'

'

'

'

'

Issuance of shares for cash

'

'

'

'

'

'

'

'

'

1

454,999

'

'

'

455,000

Issuance of shares for cash (in Shares)

'

'

'

'

'

'

'

'

'

1,369

'

'

'

'

'

Imputed interest

'

'

'

'

'

'

'

'

'

'

4,429

'

'

'

4,429

Balance at Jul. 31, 2012

'

'

'

'

'

'

'

'

'

42

1,626,337

0

0

-2,239,123

-612,744

Balance (in Shares) at Jul. 31, 2012

'

'

'

'

'

'

'

'

'

42,133

'

'

'

'

'

Net loss

'

'

'

'

'

'

'

'

'

'

'

'

'

-8,302,903

-8,302,903

Services

'

'

'

'

'

'

'

'

'

14

16,786

'

'

'

16,800

Services (in Shares)

'

'

'

'

'

'

'

'

'

14,000

'

'

'

'

'

Issuance of shares for cash

'

'

'

'

'

'

'

'

'

1,000

249,000

'

'

'

250,000

Issuance of shares for cash (in Shares)

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

Conversion of loan and accounts payable

875

891,625

892,500

4,873

4,996,503

5,001,376

2,494

2,510,653

2,513,147

'

'

'

'

'

'

Conversion of loan and accounts payable (in Shares)

875,000

'

'

4,873,390

'

'

2,493,790

'

'

'

'

'

'

'

'

Imputed interest

'

'

'

'

'

'

'

'

'

'

9,266

'

'

'

9,266

Balance at Jul. 31, 2013

'

'

'

'

'

'

'

'

'

9,298

10,300,170

0

0

-10,542,026

-232,558

Balance (in Shares) at Jul. 31, 2013

'

'

'

'

'

'

'

'

'

9,298,313

'

'

'

'

9,298,313

Net loss

'

'

'

'

'

'

'

'

'

'

'

'

'

-67,415

-67,415

120,000 shares subscribed, not issued

'

'

'

'

'

'

'

'

'

'

'

60,000

'

'

60,000

Imputed interest

'

'

'

'

'

'

'

'

'

'

3,646

'

'

'

3,646

Balance at Oct. 31, 2013

'

'

'

'

'

'

'

'

'

$9,298

$10,303,816

$60,000

$0

($10,609,441)

($236,327)

Balance (in Shares) at Oct. 31, 2013

'

'

'

'

'

'

'

'

'

9,298,313

'

'

'

'

9,298,313

Statement_of_Stockholders_Equi1

Statement of Stockholders' Equity (Deficit) (Unaudited) (Parentheticals) (Common Stock [Member])	Oct. 31, 2013
Common Stock [Member]	'
Shares subscribed, not issued (in Shares)	120,000

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		65 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Cash Flow from Operating Activities	'	'	'
Net loss	($67,415)	($65,287)	($10,609,441)
Adjustments to reconcile net loss to net cash used:	'	'	'
Non cash directors fees	0	16,800	16,800
Imputed interest on related party loan	3,646	3,457	17,341
Loss on conversion of debt	0	0	900,535
Loss on settlement of accounts payable	0	0	4,756,209
Loss on settlement of management fees payable	0	0	2,389,955
Changes in:	'	'	'
Accounts payable	1,636	24,530	1,376,410
Management fees payable	0	20,500	0
Net cash used in operating activities	-62,133	0	-1,152,191
Net cash used in investing activities	0	0	0
Cash Flow from Financing Activities	'	'	'
Funds borrowed from related party	1,721	0	371,103
Loans repaid to related party	-3,000	0	-3,000
Proceeds from shares subscribed for cash	60,000	0	60,000
Proceeds from shares issued	0	0	705,000
Proceeds from shares issued to founders	0	0	20,000
Net cash provided by financing activities	58,721	0	1,153,103
Change in cash for the period	-3,412	0	912
Cash at beginning of period	4,324	0	0
Cash at end of period	912	0	912
Cash Paid For:	'	'	'
Interest	0	0	0
Income Tax	0	0	0
Non cash transactions:	'	'	'
Services paid with common stock	0	16,800	16,800
Conversions of debt	0	0	1,146,950
Cancellation of common shares	$0	$0	$30,000

NOTE_1_ORGANIZATION_AND_DESCRI

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Oct. 31, 2013
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS
	The Company was incorporated under the laws of the State of Nevada on June 12, 2008. On June 30, 2010 the Company changed its name to Takedown Entertainment Inc. and changed its business focus to mixed martial arts media entertainment. On July 24, 2012 the Company changed its name to Green Hygienics Holdings Inc. and is pursuing alternative energy and other environmentally friendly ventures.
	The Company has been unable to raise additional capital to further its business and has been looking at all opportunities to maintain and enhance shareholder value, which may include a possible disposition of its current operations and/or entering into a potential business combination. The Company has been in negotiations with several potential business combination candidates. However, no definitive agreements have yet been entered into. There can be no assurances that a definitive agreement will be entered into or that a subsequent transaction will be closed.

NOTE_2_SUMMARY_OF_SIGNIFICANT_

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	BASIS OF PRESENTATION
	The Company follows accounting principles generally accepted in the United States of America.  In the opinion of management all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein.
	REVENUE RECOGNITION
	The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, REVENUE RECOGNITION ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.
	USE OF ESTIMATES
	The preparation of the 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.  The Company regularly evaluates estimates and assumptions related to 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
	For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. As of October 31, 2013 the Company had $912 in cash or cash equivalents (July 31, 2013 cash of $4,324).
	DEVELOPMENT STAGE COMPANY
	The Company is considered a development stage company, having limited (nil) operating revenues during the period presented, as defined by Accounting Standards Codification ASC 915-205 “Development-Stage Entities”.  ASC 915-205 requires companies to report their operations, shareholders equity and cash flows since inception through the date that revenues are generated from management’s intended operations, among other things.
	FAIR VALUE OF FINANCIAL INSTRUMENTS
	Pursuant to ASC 820, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 and 825 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 and 825 prioritizes the inputs into three levels that may be used to measure fair value:
	Level 1
	Applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
	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
	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, accounts payable and amounts due to related parties. Pursuant to ASC 820 and 825, the fair value of our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
	The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of  October 31, 2013 and July 31, 2013:
		Fair Value Measurement at October 31, 2013								Fair Value Measurement at July 31, 2013
	Financial Instrument	Level 1			Level 2			Level 3		Level 1		Level 2		Level 3
	Assets:
	Cash	$	912		$	-		$	-	$	4,324	$	-	$	-
	Liabilities:
	Accounts payable	$	-		$	25,480		$	-	$	-	$	23,844	$	-
	Loan payable to related party	$	-		$	181,947		$	-	$	-	$	183,226	$	-
	INCOME TAXES
	The Company provides for income taxes under ASC 740, Accounting for Income Taxes. ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse.
	ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.
	The Company has $2,652,727 of net operating losses carried forward to offset taxable income in future years which expire commencing in fiscal 2030. The income tax benefit differs from the amount computed by applying the US federal income tax rate of 34% to net loss before income taxes and had no uncertain tax positions as at October 31, 2013.
	Net deferred tax assets consist of the following components as of:
		October 31,			October 31,
		2013			2012
	NOL Carryover	$	879,006		$	901,927
	Valuation allowance		(879,006	)		(901,927	)
	Net deferred tax asset	$	0		$	0
	BASIC AND DILUTED NET LOSS PER COMMON SHARE
	The Company computes net 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 net 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. As at October 31, 2013 and 2012, the Company had no potentially dilutive shares.
	STOCK BASED COMPENSATION
	The Company records stock based compensation in accordance with the guidance in ASC Topic 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.
	RECENT ACCOUNTING PRONOUNCEMENTS
	The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company 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.

NOTE_3_GOING_CONCERN

NOTE 3 - GOING CONCERN	3 Months Ended
	Oct. 31, 2013
Going Concern Disclosure [Abstract]	'
Going Concern Disclosure [Text Block]	'
	NOTE 3 - GOING CONCERN
	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. However, the Company has accumulated a loss and has a limited operating history.  This raises substantial doubt about the Company’s ability to continue as a going concern.  The financial statements do not include any adjustments that might result from this uncertainty.
	As shown in the accompanying interim financial statements, the Company has incurred a net loss of $10,609,441 for the period from June 12, 2008 (inception) to October 31, 2013 and has generated minimal revenues.  The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of acquisitions. Management has plans to seek additional capital through a private placement and public offering of its common stock.  The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

NOTE_4_RELATED_PARTY_TRANSACTI

NOTE 4 - RELATED PARTY TRANSACTIONS	3 Months Ended
	Oct. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 4 - RELATED PARTY TRANSACTIONS
	During the three months ended October 31, 2013 the Company accrued and paid management fees of $21,000 to a director of the Company for services as an officer of the Company (2012- to a former director - $22,500). At October 31, 2013 the former director is owed $29,812. These debt to directors are unsecured, non interest bearing and with no fixed terms of repayment.
	As of October 31, 2013, the Company has an outstanding balance due to related party of $181,947.  During the three months ended October 31, 2013 the Company repaid $3,000 and borrowed an additional $1,721 leaving a balance owing of $181,947.  For the three months ended October 31, 2013 the Company recorded $3,646 in imputed interest expense as a credit to Additional Paid in Capital. See NOTE 5.

NOTE_5_NOTE_PAYABLE_FROM_RELAT

NOTE 5 - NOTE PAYABLE FROM RELATED PARTY	3 Months Ended
	Oct. 31, 2013
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	NOTE 5 – NOTE PAYABLE FROM RELATED PARTY
	A shareholder advanced $213,000 to the Company as a loan with no fixed terms of repayment and non interest bearing. At July 31, 2013 the Company had settled $98,750 of the debt with the issuance of 875,000 common shares leaving a balance of $114,250 of the original loan outstanding. At July 31, 2013 the Company recorded $9,266 in imputed interest expense as a credit to Additional Paid in Capital. A further $68,976 in Company expenses were paid on behalf of the Company leaving a balance owing of $183,226 at July 31, 2013. The conversion of the debt for the issuance of common shares fairly valued at the market price on the date of authorization according to GAAP resulted in a loss on conversion of $687,825. See NOTE 4

NOTE_6_COMMON_STOCK

NOTE 6 - COMMON STOCK	3 Months Ended
	Oct. 31, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 6 - COMMON STOCK
	Effective July 24, 2012 the Company reverse split its common shares on the basis of one new share for each two thousand shares held (1 for 2,000). All share amounts have been adjusted retroactively to reflect the reverse split.
	The Company issued 55,000 shares of common stock (founder’s shares) for $20,000 cash on June 12, 2008.
	During the first quarter ended October 31, 2011:
	–15,000 shares of common stock were returned to the Company for cancellation and credited $15 to Additional Paid In Capital;
	–764 shares of common stock were issued in settlement of debts of $1,146,950; the company converted and recognized a loss of $106,785.
	–353 shares of common stock were issued for cash of $250,000;
	–234 shares of common stock were issued for cash of $60,000;
	During the second quarter ended January 31, 2012:
	–191 shares of common stock were issued for cash of $45,000;
	–591 shares of common stock were issued for cash of $100,000.
	During the first quarter ended October 31, 2012:
	– On August 31, 2012 the Company issued 14,000 shares of common stock to the directors of the Company for services rendered to the Company by the directors. The shares issued are valued based on fair market value as determined between the parties at the date of authorization at $16,800.
	During the third quarter ended April 30, 2013:
	– 875,000 shares of common stock were issued in the settlement of $98,750 of loans payable and recognized a loss on settlement of $793,750 because the shares were valued based on their fair market value using the market price on the date of settlement which amount was greater than the debt, resulting in a loss;
	– 7,367,180 shares of common stock fairly valued between the parties at market were issued in the settlement of $123,192 in management fees and $245,167 of debt.  A loss on settlement of $7,146,164 was recorded because the shares were valued based on their fair market value using the market price on the date of settlement which amount was greater than the debt, resulting in a loss;
	During the fourth quarter ended July 31, 2013:
	- The Company issued 1,000,000 common shares valued at $0.25 per share and received $250,000 cash.
	COMMITMENT TO ISSUE COMMON SHARES
	Subsequent to October 31, 2013 the Company issued 120,000 shares of common stock for the receipt of $60,000. The funds were received prior to October 31, 2013 and at October 31, 2013 the Company recorded $60,000 as stock payable.

NOTE_7_SUBSEQUENT_EVENTS

NOTE 7 - SUBSEQUENT EVENTS	3 Months Ended
	Oct. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 7 – SUBSEQUENT EVENTS
	Subsequent to October 31, 2013 the Company:
	-	Issued 456,000 shares of common stock in settlement of debt of $114,250.
	-	Issued 120,000 shares of common stock for cash received during the three months ended October 31, 2013 and issued 10,000 shares of common stock for $5,00 cash
	-	Issued 60,000 shares of common stock in settlement of management fees owing of $29,812 and issued 4,000 shares of common stock as a finders fee fairly valued by both parties at $2,000
	-	Issued 1,000,000 shares of common stock to the president of the Company in lieu of options and nominally valued at $1,000. Each year for four years commencing with 2013, 250,000 of the shares are vested.
	There were no other events subsequent to the date of these financial statements which would have had a material effect on the financial statements at October 31, 2013.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)

3 Months Ended

Oct. 31, 2013

Accounting Policies [Abstract]

'

Basis of Accounting, Policy [Policy Text Block]

'

BASIS OF PRESENTATION

The Company follows accounting principles generally accepted in the United States of America.  In the opinion of management all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein.

Revenue Recognition, Policy [Policy Text Block]

'

REVENUE RECOGNITION

The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, REVENUE RECOGNITION ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

Use of Estimates, Policy [Policy Text Block]

'

USE OF ESTIMATES

The preparation of the 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.  The Company regularly evaluates estimates and assumptions related to 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, Policy [Policy Text Block]

'

CASH AND CASH EQUIVALENTS

For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. As of October 31, 2013 the Company had $912 in cash or cash equivalents (July 31, 2013 cash of $4,324).

Liquidity Disclosure [Policy Text Block]

'

DEVELOPMENT STAGE COMPANY

The Company is considered a development stage company, having limited (nil) operating revenues during the period presented, as defined by Accounting Standards Codification ASC 915-205 “Development-Stage Entities”.  ASC 915-205 requires companies to report their operations, shareholders equity and cash flows since inception through the date that revenues are generated from management’s intended operations, among other things.

Fair Value of Financial Instruments, Policy [Policy Text Block]

'

FAIR VALUE OF FINANCIAL INSTRUMENTS

Pursuant to ASC 820, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 and 825 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 and 825 prioritizes the inputs into three levels that may be used to measure fair value:

Level 1

Applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

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

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, accounts payable and amounts due to related parties. Pursuant to ASC 820 and 825, the fair value of our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of  October 31, 2013 and July 31, 2013:

Fair Value Measurement at October 31, 2013

Fair Value Measurement at July 31, 2013

Financial Instrument

Level 1

Level 2

Level 3

Level 1

Level 2

Level 3

Assets:

Cash

$

912

$

-

$

-

$

4,324

$

-

$

-

Liabilities:

Accounts payable

$

-

$

25,480

$

-

$

-

$

23,844

$

-

Loan payable to related party

$

-

$

181,947

$

-

$

-

$

183,226

$

-

Income Tax, Policy [Policy Text Block]

'

INCOME TAXES

The Company provides for income taxes under ASC 740, Accounting for Income Taxes. ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse.

ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.

The Company has $2,652,727 of net operating losses carried forward to offset taxable income in future years which expire commencing in fiscal 2030. The income tax benefit differs from the amount computed by applying the US federal income tax rate of 34% to net loss before income taxes and had no uncertain tax positions as at October 31, 2013.

Net deferred tax assets consist of the following components as of:

October 31,

October 31,

2013

2012

NOL Carryover

$

879,006

$

901,927

Valuation allowance

(879,006

)

(901,927

)

Net deferred tax asset

$

0

$

0

Earnings Per Share, Policy [Policy Text Block]

'

BASIC AND DILUTED NET LOSS PER COMMON SHARE

The Company computes net 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 net 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. As at October 31, 2013 and 2012, the Company had no potentially dilutive shares.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

'

STOCK BASED COMPENSATION

The Company records stock based compensation in accordance with the guidance in ASC Topic 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.

New Accounting Pronouncements, Policy [Policy Text Block]

'

RECENT ACCOUNTING PRONOUNCEMENTS

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company 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.

NOTE_2_SUMMARY_OF_SIGNIFICANT_1

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	'The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of October 31, 2013 and July 31, 2013:
		Fair Value Measurement at October 31, 2013								Fair Value Measurement at July 31, 2013
	Financial Instrument	Level 1			Level 2			Level 3		Level 1		Level 2		Level 3
	Assets:
	Cash	$	912		$	-		$	-	$	4,324	$	-	$	-
	Liabilities:
	Accounts payable	$	-		$	25,480		$	-	$	-	$	23,844	$	-
	Loan payable to related party	$	-		$	181,947		$	-	$	-	$	183,226	$	-
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	'Net deferred tax assets consist of the following components as of:
		October 31,			October 31,
		2013			2012
	NOL Carryover	$	879,006		$	901,927
	Valuation allowance		(879,006	)		(901,927	)
	Net deferred tax asset	$	0		$	0

NOTE_2_SUMMARY_OF_SIGNIFICANT_2

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended
	Oct. 31, 2013	Jul. 31, 2013	Oct. 31, 2012	Jul. 31, 2012	Jun. 11, 2008
Accounting Policies [Abstract]	'	'	'	'	'
Cash and Cash Equivalents, at Carrying Value (in Dollars)	$912	$4,324	$0	$0	$0
Operating Loss Carryforwards (in Dollars)	$2,652,727	'	'	'	'
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	34.00%	'	'	'	'

NOTE_2_SUMMARY_OF_SIGNIFICANT_3

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (USD $)	Oct. 31, 2013	Oct. 31, 2012
Fair Value, Inputs, Level 1 [Member]	'	'
Assets:	'	'
Cash	$912	$4,324
Liabilities:	'	'
Accounts payable	0	0
Loan payable to related party	0	0
Fair Value, Inputs, Level 2 [Member]	'	'
Assets:	'	'
Cash	0	0
Liabilities:	'	'
Accounts payable	25,480	23,844
Loan payable to related party	181,947	183,226
Fair Value, Inputs, Level 3 [Member]	'	'
Assets:	'	'
Cash	0	0
Liabilities:	'	'
Accounts payable	0	0
Loan payable to related party	$0	$0

NOTE_2_SUMMARY_OF_SIGNIFICANT_4

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Deferred Tax Assets and Liabilities (USD $)	Oct. 31, 2013	Oct. 31, 2012
Schedule of Deferred Tax Assets and Liabilities [Abstract]	'	'
NOL Carryover	$879,006	$901,927
Valuation allowance	-879,006	-901,927
Net deferred tax asset	$0	$0

NOTE_3_GOING_CONCERN_Details

NOTE 3 - GOING CONCERN (Details) (USD $)	3 Months Ended		12 Months Ended						65 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Jul. 31, 2013	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009	Jul. 31, 2008	Oct. 31, 2013
Going Concern Disclosure [Abstract]	'	'	'	'	'	'	'	'	'
Net Income (Loss) Attributable to Parent	($67,415)	($65,287)	($8,302,903)	($1,238,054)	($829,978)	($55,107)	($34,237)	($81,747)	($10,609,441)

NOTE_4_RELATED_PARTY_TRANSACTI1

NOTE 4 - RELATED PARTY TRANSACTIONS (Details) (USD $)	3 Months Ended		12 Months Ended	65 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Jul. 31, 2013	Oct. 31, 2013
NOTE 4 - RELATED PARTY TRANSACTIONS (Details) [Line Items]	'	'	'	'
Loans Payable, Current	$181,947	'	$183,226	$181,947
Repayments of Related Party Debt	3,000	0	'	3,000
Proceeds from Related Party Debt	1,721	0	'	371,103
Interest Expense, Other	3,646	3,457	9,266	17,341
Related Party Advances [Member] | Shareholder [Member]	'	'	'	'
NOTE 4 - RELATED PARTY TRANSACTIONS (Details) [Line Items]	'	'	'	'
Loans Payable, Current	181,947	'	183,226	181,947
Repayments of Related Party Debt	3,000	'	'	'
Proceeds from Related Party Debt	1,721	'	68,976	'
Interest Expense, Other	3,646	'	'	'
Director [Member] | Management Fees [Member]	'	'	'	'
NOTE 4 - RELATED PARTY TRANSACTIONS (Details) [Line Items]	'	'	'	'
Related Party Transaction, Amounts of Transaction	21,000	'	'	'
Debt Instrument, Description	'unsecured, non interest bearing and with no fixed terms of repayment	'	'	'
Former Director [Member] | Management Fees [Member]	'	'	'	'
NOTE 4 - RELATED PARTY TRANSACTIONS (Details) [Line Items]	'	'	'	'
Related Party Transaction, Amounts of Transaction	'	22,500	'	'
Due to Related Parties, Current	$29,812	'	'	$29,812
Debt Instrument, Description	'unsecured, non interest bearing and with no fixed terms of repayment	'	'	'

NOTE_5_NOTE_PAYABLE_FROM_RELAT1

NOTE 5 - NOTE PAYABLE FROM RELATED PARTY (Details) (USD $)	3 Months Ended		12 Months Ended	65 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Jul. 31, 2013	Oct. 31, 2013
NOTE 5 - NOTE PAYABLE FROM RELATED PARTY (Details) [Line Items]	'	'	'	'
Debt Conversion, Original Debt, Amount (in Dollars)	$0	$0	'	$1,146,950
Interest Expense, Other	3,646	3,457	9,266	17,341
Proceeds from Related Party Debt	1,721	0	'	371,103
Loans Payable, Current	181,947	'	183,226	181,947
Gain (Loss) on Conversion of Debt	0	0	'	-900,535
Related Party Advances [Member] | Shareholder [Member]	'	'	'	'
NOTE 5 - NOTE PAYABLE FROM RELATED PARTY (Details) [Line Items]	'	'	'	'
Debt Instrument, Face Amount	'	'	213,000	'
Debt Instrument, Payment Terms	'	'	'no fixed terms of repayment	'
Debt Instrument, Interest Rate Terms	'	'	'non interest bearing	'
Debt Conversion, Original Debt, Amount (in Dollars)	'	'	98,750	'
Debt Conversion, Converted Instrument, Shares Issued (in Shares)	'	'	875,000	'
Line of Credit Facility, Covenant Terms	'	'	'$114,250	'
Interest Expense, Other	3,646	'	'	'
Proceeds from Related Party Debt	1,721	'	68,976	'
Loans Payable, Current	181,947	'	183,226	181,947
Gain (Loss) on Conversion of Debt	'	'	($687,825)	'

NOTE_6_COMMON_STOCK_Details

NOTE 6 - COMMON STOCK (Details) (USD $)

3 Months Ended

12 Months Ended

65 Months Ended

3 Months Ended

Oct. 31, 2013

Jul. 31, 2013

Oct. 31, 2012

Jul. 31, 2013

Jul. 31, 2012

Jul. 31, 2008

Oct. 31, 2013

Oct. 31, 2011

Jan. 31, 2012

Oct. 31, 2011

Jan. 31, 2012

Oct. 31, 2011

Apr. 30, 2013

Oct. 31, 2011

Apr. 30, 2013

Apr. 30, 2013

Apr. 30, 2013

Oct. 31, 2012

Shares Returned For Cancellation [Member]

Equity Issuance 1 [Member]

Equity Issuance 1 [Member]

Equity Issuance 2 [Member]

Equity Issuance 2 [Member]

Debt Settlement [Member]

Debt Settlement [Member]

Settlement of Loans Payable [Member]

Settlement of Management Fees and Debt [Member]

Management Fee Payable [Member]

Director [Member]

NOTE 6 - COMMON STOCK (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stockholders' Equity, Reverse Stock Split

'

'

'

'

'1 for 2,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Shares, New Issues (in Shares)

'

'

'

'

'

55,000

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Value, New Issues

'

'

'

'

'

$20,000

'

'

'

'

'

'

'

'

'

'

'

'

Stockholders' Equity, Other Shares (in Shares)

'

'

'

'

'

'

'

15,000

'

'

'

'

'

'

'

'

'

'

Stockholders' Equity, Other

'

'

'

'

'

'

'

15

'

'

'

'

'

'

'

'

'

'

Debt Conversion, Converted Instrument, Shares Issued (in Shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

764

875,000

7,367,180

'

'

Debt Conversion, Original Debt, Amount (in Dollars)

0

'

0

'

'

'

1,146,950

'

'

'

'

'

-245,167

1,146,950

98,750

'

123,192

'

Gains (Losses) on Restructuring of Debt

0

'

0

'

'

'

-8,046,699

'

'

'

'

'

'

-106,785

793,750

7,146,164

'

'

Development Stage Entities, Stock Issued, Shares, Issued for Cash (in Shares)

'

1,000,000

'

'

'

'

'

'

191

353

591

234

'

'

'

'

'

'

Proceeds from Issuance of Common Stock

0

250,000

0

'

'

'

705,000

'

45,000

250,000

100,000

60,000

'

'

'

'

'

'

Stock Issued During Period, Shares, Issued for Services (in Shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14,000

Stock Issued During Period, Value, Issued for Services (in Dollars)

'

'

'

16,800

'

'

'

'

'

'

'

'

'

'

'

'

'

16,800

Development Stage Entities, Equity Issuance, Per Share Amount (in Dollars per share)

'

$0.25

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from Issuance or Sale of Equity

60,000

'

0

'

'

'

60,000

'

'

'

'

'

'

'

'

'

'

'

Common Stock, Value, Subscriptions

$60,000

$0

'

$0

'

'

$60,000

'

'

'

'

'

'

'

'

'

'

'

NOTE_7_SUBSEQUENT_EVENTS_Detai

NOTE 7 - SUBSEQUENT EVENTS (Details) (USD $)	3 Months Ended			12 Months Ended	65 Months Ended	2 Months Ended
	Oct. 31, 2013	Jul. 31, 2013	Oct. 31, 2012	Jul. 31, 2013	Oct. 31, 2013	Dec. 20, 2013	Dec. 20, 2013
						Subsequent Event [Member]	Subsequent Event [Member]
						Subscribed from Prior Period [Member]
NOTE 7 - SUBSEQUENT EVENTS (Details) [Line Items]	'	'	'	'	'	'	'
Debt Conversion, Converted Instrument, Shares Issued	'	'	'	'	'	'	456,000
Debt Conversion, Original Debt, Amount (in Dollars)	$0	'	$0	'	$1,146,950	'	$114,250
Development Stage Entities, Stock Issued, Shares, Issued for Cash	'	1,000,000	'	'	'	120,000	10,000
Development Stage Entities, Equity Issuance, Per Share Amount (in Dollars per share)	'	$0.25	'	'	'	'	$500
Stock Issued During Period, Shares, Issued for Services	'	'	'	'	'	'	60,000
Stock Issued During Period, Value, Issued for Services (in Dollars)	'	'	'	16,800	'	'	29,812
Stock Issued During Period, Shares, Other	'	'	'	'	'	'	4,000
Stock Issued During Period, Value, Other (in Dollars)	'	'	'	'	'	'	2,000
Stock Issued During Period, Shares, Share-based Compensation, Gross	'	'	'	'	'	'	1,000,000
Stock Issued During Period, Value, Share-based Compensation, Gross (in Dollars)	'	'	'	'	'	'	$1,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	'	'	'	'	'	'	'Each year for four years commencing with 2013, 250,000 of the shares are vested.