Davi Luxury Brand (MDAV) 10-Q 12 May 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Mar. 31, 2014	12-May-14
Document And Entity Information	'	'
Entity Registrant Name	'Davi Luxury Brand Group, Inc.	'
Entity Central Index Key	'0001450552	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--09-30	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	14,235,917
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

Balance_Sheets

Balance Sheets (USD $)	Mar. 31, 2014	Sep. 30, 2013
Current assets:	'	'
Cash	$427,069	$654,346
Accounts receivable, net	23,337	76,234
Inventory, net	38,867	5,952
Other assets	8,955	3,585
Total current assets	498,228	740,117
Property and equipment, net	49,267	51,809
Intangible assets, net	67,180	69,447
Security deposit	10,596	10,596
Total assets	625,271	871,969
Current liabilities:	'	'
Accounts payable and accrued expenses	25,611	26,876
Accounts payable - related party	137,800	119,500
Common stock payable	10,000	95,010
Deferred revenue	152,062	183,250
Total current liabilities	325,473	424,636
Deferred lease	2,826	2,330
Total liabilities	328,299	426,966
Stockholders equity:	'	'
Common stock, $0.001 par value; 75,000,000 shares authorized; 14,195,917 and 13,195,917 shares issued and outstanding at December 31, 2013 and September 30, 2013, respectively	14,196	13,196
Additional paid-in capital	1,943,540	1,791,315
Accumulated deficit	-1,660,764	-1,359,508
Total stockholders equity	296,972	445,003
Total liabilities and stockholders equity	$625,271	$871,969

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Sep. 30, 2013
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	14,195,917	13,195,917
Common stock shares outstanding	14,195,917	13,195,917

Statements_of_Operations

Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Sales	'	'	'	'
Royalty revenues	$41,138	$101,750	$120,591	$228,933
Product sales	5,431	24,047	9,089	51,525
Total sales	46,569	125,797	129,680	280,458
Cost of goods sold	1,112	1,179	2,200	8,065
Gross profit	45,457	124,618	127,480	272,393
Costs and expenses:	'	'	'	'
Wages and professional fees	98,578	170,895	302,251	250,598
General and administrative	63,879	132,285	126,485	227,971
Total costs and expenses	162,457	303,180	428,736	478,569
Loss from operations	-117,000	-178,562	-301,256	-206,176
Other expense	'	'	'	'
Interest expense	0	-10,426	0	-15,829
Net loss	($117,000)	($188,988)	($301,256)	($222,005)
Weighted average number of common shares outstanding - basic and diluted	14,162,306	9,476,539	137,988,022	9,379,271
Net loss per share - basic and diluted	($0.01)	($0.02)	($0.02)	($0.02)

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	6 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities	'	'
Net loss	($301,256)	($222,005)
Adjustments to reconcile net loss to net cash provided by (used in) provided by operating activities	'	'
Depreciation and amortization	17,339	9,283
Stock based compensation	45,715	156,837
Amortization of debt discount	0	15,000
Changes in operating assets and liabilities	'	'
Accounts receivable	52,897	105,626
Inventory	-32,915	67,300
Other assets	-5,370	2,042
Accounts payable and accrued expenses	-1,265	-22,797
Accounts payable - related parties	18,300	-39,000
Deferred revenue	-31,188	-10,985
Deferred lease	496	0
Net cash provided by (used in) provided by operating activities	-237,247	61,301
Cash flows from investing activities	'	'
Return of security deposit	0	10,790
Purchase of fixed assets	-12,530	-30,314
Net cash used in investing activities	-12,530	-19,524
Cash flows from financing activities	'	'
Proceeds from issuance of common stock payable	10,000	0
Proceeds from sale of stock	12,500	25,000
Net cash provided by financing activities	22,500	25,000
Net change in cash	-227,277	66,777
Cash, beginning of period	654,346	346,699
Cash, end of period	427,069	413,476
Supplemental disclosure of cash flow information:	'	'
Income taxes paid	0	0
Interest paid	0	0
Supplemental disclosure of non-cash flow investing and financing activities:	'	'
Common stock issued for common stock payable	95,010	0
Common stock issued for accrued wages and bonus	0	92,000
Conversion of note payable into common stock	$0	$21,180

ORGANIZATION_AND_NATURE_OF_OPE

ORGANIZATION AND NATURE OF OPERATIONS	6 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
ORGANIZATION AND NATURE OF OPERATIONS	'
	Note 1 ORGANIZATION AND NATURE OF OPERATIONS
	Davi Luxury Brand Group, Inc. (“we,” “us,” “our,” “DAVI”, or the “Company”) was incorporated in the State of Nevada on July 26, 2007.   We have developed and are expanding our skin care line/cosmetics business based on a series of grape and botanical-based luxury branded skin care products marketed under the “DAVI”, “DAVI SKIN” and “DAVI NAPA” brand names. Directly, or through our licensees, we have developed and currently market a line of high quality skin care products that are sold as prestige products principally through high-end distribution channels to complement the prestige images associated with the DAVI, DAVI SKIN and DAVI NAPA brands. We are currently targeting high-end retail stores, luxury hotels, and in-flight and duty-free shops of global luxury airlines in order to establish our brand as a luxury product used in first class locations. Our goal is to expand the targeted scope of our sales efforts with respect to upscale department stores and specialty retailers. In addition, our Le Grand Cru collection of products are available for sale through our www.daviskin.com website, and we expect to offer additional products online throughout fiscal 2014.
	On September 4, 2012, we entered into a Brand and Trademark License Agreement (the “LGHH License Agreement”) with LG Household and Health Care, Ltd. (“LGHH”). Under the LGHH License Agreement, we granted LGHH an exclusive license to manufacture, sell, market and distribute in Korea, Japan, China and other Asian markets DAVI branded skin care, cosmetics, hair care and other products including the right to develop retail outlets and other commercial ventures in the Asian-Pacific region. LGHH commenced sales of DAVI products in fiscal 2013 with the opening of four new DAVI retail stores in Seoul, Korea that are dedicated to the sale of DAVI branded skincare and cosmetic products. Under the 10-year LGHH License Agreement, LGHH has agreed to pay us a royalty based on the annual net sales of DAVI branded products that it sells in the licensed territory. The royalty rate varies from the mid single digits to low single digits. During fiscal 2013, we collaborated with LGHH's research and development team to create a new skincare product line utilizing LGHH's advanced technology along with our exclusive Meritage™ Blend and the patented Phytosphere technology - "Phyto-Meritage™" that we use for our products. A full line of these skin care products has now been developed and commercially released in Asia, as well as, in the U.S. on our www.daviskin.com website.
	The LGHH License Agreement grants LGHH the right to commercialize DAVI branded women's and men's skincare and cosmetics, including the development of retail outlets and other commercial ventures, in the Asian-Pacific region.  LGHH commenced sales of DAVI products in fiscal 2013 and, as of the date of the Quarterly Report, has five DAVI retail stores in Seoul, South Korea that are dedicated to the sale of DAVI branded skincare and cosmetic products. We have been informed by LGHH that it anticipates opening at least three more DAVI retail stores during 2014 in South Korea.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	Note 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	In the opinion of management, the accompanying unaudited interim financial statements contain all adjustments necessary to present fairly the Company’s financial position as of March 31, 2014, and the results of operations and cash flows for the three and six months ended March 31, 2014 and 2013. The adjustments made are of a normal recurring nature. The accompanying unaudited financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. The operating results for the three months and six months ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ending September 30, 2014. The accompanying unaudited financial statements should be read in conjunction with the audited financial statements for the year ended September 30, 2013, which are included in our Annual Report on Form 10-K, and the "Risk Factors" described therein.
	Reclassifications
	For comparability, certain prior period amounts have been reclassified, where appropriate, to conform to the financial statement presentation used in fiscal 2014. These reclassifications have no impact on net loss.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Mar. 31, 2014
RELATED PARTY TRANSACTIONS	'
	Note 3 RELATED PARTY TRANSACTIONS
	In order to preserve cash for other working capital needs, Parrish Medley, the Company’s Chief Executive Officer, agreed to accrue a portion of the amounts owed to him under his employment agreement. As of March 31, 2014, the Company owed $137,800 for such accrued wages.
	On March 11, 2013, the Company entered into a new consulting agreement with Carlo Mondavi, a shareholder and former Chairman of the Board, to provide various services for the Company related to the development and marketing of its products, the Company’s public image, its brand recognition and other public relation matters (the “Agreement”). In accordance with the Agreement, Mr. Mondavi is to be paid $5,000 per month, plus reasonable out-of-pocket expenses. The Agreement expires on March 11, 2015 unless terminated earlier by either party upon 30 days written notice.
	We utilize FA Corp, a consulting firm owned and controlled by Murray Williams, a shareholder of the Company, for providing business development, SEC reporting, financial and bookkeeping related services. For the three and six months ended March 31, 2014, FA Corp earned $4,782 and $28,689 for services rendered, and for the three and six months ended March 31, 2013, FA Corp earned $6,645 and $17,165 for services rendered.

CUSTOMER_CONCENTRATIONS

CUSTOMER CONCENTRATIONS	6 Months Ended
	Mar. 31, 2014
CUSTOMER CONCENTRATIONS	'
	Note 4 CUSTOMER CONCENTRATIONS
	During the three and six months ended March 31, 2014, 42% and 69%, respectively, of our sales were generated from royalty revenues under a license agreement to provide DAVI branded products to passengers of Korean Air. During the three and six months ended March 31, 2013, 67% and 69%, respectively, of our sales were generated from such royalty revenues. The Company’s reliance on this licensing agreement makes us vulnerable to the risk of a near-term severe impact. Should the licensee terminate the license agreement, our financial condition could be materially and adversely affected, and our on-going operations could be severely hampered. Included in accounts receivable at March 31, 2014 was approximately $23,000 owed under this license agreement.

EQUITY

EQUITY	6 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
EQUITY	'
	Note 5 EQUITY
	Common Stock
	During the six months ended March 31, 2014, we received proceeds of $22,500 from accredited investors for the purchase of 90,000 shares of common stock, of which 40,000 shares were not issued until subsequent to March 31, 2014. Accordingly, a Common Stock Payable in the amount of $10,000 is included in the accompanying Balance Sheet as of March 31, 2014.
	During the fiscal year ended September 30, 2013, the Company received proceeds of $75,010 from accredited investors for the purchase of 750,000 shares of common stock, and granted 200,000 shares of common stock as payment in full to a consultant for services valued at $20,000. However, these shares were not issued until the first quarter of fiscal 2014.
	Common Stock Warrants
	Since inception, the Company has issued warrants to purchase shares of the Company’s common stock to accredited investors. A summary of the Company’s warrants activity and related information for the six months ended March 31, 2014 is provided below:
	Warrant Activity Table:
			Number of
			Warrants
	Outstanding at September 30, 2013			1,875,000
	Warrants exercised			—
	Warrants granted			—
	Warrants expired			(650,000	)
	Outstanding at March 31, 2014			1,225,000
	Warrants Outstanding Table:
		Stock Warrants as of March 31, 2014
		Exercise				Warrants				Remaining				Warrants
		Price				Granted				Life (Years)				Exercisable
			$0.10				1,225,000			0.34			850,000
	Common Stock Options
	Since inception, the Company has issued options to purchase shares of the Company’s common stock to employees and consultants as compensation for services rendered. As noted in the table below, the Company did not have any options activity for the six months ended March 31, 2014.
	The grant date fair value of options granted was estimated using the Black-Scholes option pricing model based on the following assumptions: expected dividend yield 0%, expected volatility 229% - 338%, risk-free interest rate 0.69% - 1.36% and expected life of 27 – 60 months.
			Shares				Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)		Grant Date Fair Value
	Outstanding at September 30, 2013			3,320,000			$	0.1		3.06	$	325,260
	Options granted			—				—		—		—
	Options exercised			—				—		—		—
	Options cancelled/ forfeited/ expired			—				—		—		—
	Outstanding at March 31, 2014			3,320,000			$	0.1		2.56	$	325,260
	Exercisable at March 31, 2014			2,520,000			$	0.1		2.76	$	290,964
	Compensation expense recognized for the above noted awards for the three and six months ended March 31, 2014 amounted to $17,148 and $45,715, respectively, and is included in Wages and Professional Fees in the accompanying Statement of Operations. Unamortized compensation cost for these awards amounted to $17,148 and will be amortized over the remaining vesting term of the option awards.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Mar. 31, 2014
COMMITMENTS AND CONTINGENCIES	'
	Note 6 COMMITMENTS
	As of January 18, 2011, the Company entered into a lease with Resco LP, a California limited partnership for the office that the Company is leasing. Under the lease, the Company occupies approximately 1,500 square feet of office space at 9426-9428 Dayton Way, Beverly Hills, California. The lease term expires on January 31, 2016, unless terminated earlier in accordance with the lease. The Company’s monthly rent expense under the lease is approximately $5,700 per month, plus payments of approximately $1,000 per month for common area operating expenses. The Company has the option to extend the term of the lease by two additional years.
	At March 31, 2014, aggregate future minimum payments under the lease (including common area operating expense) is as follows:
	Fiscal year 2014	$	41,777
	Fiscal year 2015		85,225
	Fiscal year 2016		28,687
	Total	$	155,689
	Lease expense for the three and six months ended March 31, 2014 was approximately $20,000 and $41,000, respectively. Lease expense for the three and six months ended March 31, 2013 was approximately $19,000 and $37,000, respectively.
	From time to time, we may be involved in routine legal proceedings, as well as demands, claims and threatened litigation that arise in the normal course of our business. The ultimate amount of liability, if any, for any claims of any type (either alone or in the aggregate) may materially and adversely affect our financial condition, results of operations and liquidity. In addition, the ultimate outcome of any litigation is uncertain. Any outcome, whether favorable or unfavorable, may materially and adversely affect us due to legal costs and expenses, diversion of management attention and other factors. We expense legal costs in the period incurred. We cannot assure you that additional contingencies of a legal nature or contingencies having legal aspects will not be asserted against us in the future, and these matters could relate to prior, current or future transactions or events. We are not currently a party to any litigation.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	Note 7 SUBSEQUENT EVENTS
	On April 24, 2014, we issued 40,000 shares of common stock valued at $10,000 for which a Common Stock payable had been recorded as of March 31, 2014.
	On April 17, 2014, we filed with the Securities and Exchange Commission a Registration Statement on Form S-8 to register a total of 2,600,000 shares of our common stock issuable under certain stock options granted by the Company.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	In the opinion of management, the accompanying unaudited interim financial statements contain all adjustments necessary to present fairly the Company’s financial position as of March 31, 2014, and the results of operations and cash flows for the three and six months ended March 31, 2014 and 2013. The adjustments made are of a normal recurring nature. The accompanying unaudited financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. The operating results for the three months and six months ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ending September 30, 2014. The accompanying unaudited financial statements should be read in conjunction with the audited financial statements for the year ended September 30, 2013, which are included in our Annual Report on Form 10-K, and the "Risk Factors" described therein.
Reclassifications	'
	Reclassifications
	For comparability, certain prior period amounts have been reclassified, where appropriate, to conform to the financial statement presentation used in fiscal 2014. These reclassifications have no impact on net loss.

EQUITY_Tables

EQUITY (Tables)	6 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Stock Option Activity Table	'
			Shares				Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)		Grant Date Fair Value
	Outstanding at September 30, 2013			3,320,000			$	0.1		3.06	$	325,260
	Options granted			—				—		—		—
	Options exercised			—				—		—		—
	Options cancelled/ forfeited/ expired			—				—		—		—
	Outstanding at March 31, 2014			3,320,000			$	0.1		2.56	$	325,260
	Exercisable at March 31, 2014			2,520,000			$	0.1		2.76	$	290,964
Warrant Activity Table	'
	Warrant Activity Table:
			Number of
			Warrants
	Outstanding at September 30, 2013			1,875,000
	Warrants exercised			—
	Warrants granted			—
	Warrants expired			(650,000	)
	Outstanding at March 31, 2014			1,225,000
Warrants Outstanding Table	'
	Warrants Outstanding Table:
		Stock Warrants as of March 31, 2014
		Exercise				Warrants				Remaining				Warrants
		Price				Granted				Life (Years)				Exercisable
			$0.10				1,225,000			0.34			850,000

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Mar. 31, 2014
Commitments And Contingencies Tables	'
Future minimum rental payments	'
	At March 31, 2014, aggregate future minimum payments under the lease (including common area operating expense) is as follows:
	Fiscal year 2014	$	41,777
	Fiscal year 2015		85,225
	Fiscal year 2016		28,687
	Total	$	155,689

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Text) (USD $)	3 Months Ended		6 Months Ended		24 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 11, 2015	Sep. 30, 2013
Accounts payable - related party	$137,800	'	$137,800	'	'	$119,500
Consultant Monthly Compensation	'	'	'	'	5,000	'
Related party expense	$4,782	$6,645	$28,689	$17,165	'	'

CUSTOMER_CONCENTRATIONS_Detail

CUSTOMER CONCENTRATIONS (Details Text) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Percent of sales from largest customer	0.42	0.67	0.69	0.69
Accounts receivable from largest customer	$23,000	'	$23,000	'

EQUITY_Details_Text

EQUITY (Details Text) (USD $)	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2014	Sep. 30, 2013
Equity [Abstract]	'	'	'
Sale of common stock, shares	'	90,000	'
Sale of common stock, value	'	$22,500	'
Common stock granted not issued, value	'	'	75,010
Common stock granted not issued, shares	'	40,000	750,000
Common stock granted for services not issued, value	'	'	20,000
Common stock granted for services not issued, shares	'	'	200,000
Common stock payable	10,000	10,000	95,010
Fair Value Assumptions Expected Dividend Rate	'	'	0.00%
Fair Value Assumptions Expected Volatility Rate Maximum	'	'	338.00%
Fair Value Assumptions Expected Volatility Rate Minimum	'	'	229.00%
Fair Value Assumptions Risk Free Interest Rate Maximum	'	'	1.36%
Fair Value Assumptions Risk Free Interest Rate Minimum	'	'	0.69%
Fair Value Assumptions Expected Term Maximum	'	'	'0 years 60 months
Fair Value Assumptions Expected Term Minimum	'	'	'0 years 27 months
Stock option expense	17,148	45,715	'
Unrecognized stock based compensation	$17,148	$17,148	'

EQUITY_Warrant_Activity_Table_

EQUITY - Warrant Activity Table (Details)	6 Months Ended
	Mar. 31, 2014	Sep. 30, 2013
Equity [Abstract]	'	'
Warrants outstanding	1,225,000	1,875,000
Warrants exercised	0	'
Warrants granted	0	'
Warrants expired	-650,000	'

EQUITY_Warrants_Outstanding_Ta

EQUITY - Warrants Outstanding Table (Details)	Mar. 31, 2014	Sep. 30, 2013
Warrant Exercise Price	0.1	'
Warrants outstanding	1,225,000	1,875,000
Remaining life of warrant	'4 months 2 days	'
Warrants Exercisable: $0.10	850,000	'

EQUITY_Stock_Option_Activity_T

EQUITY - Stock Option Activity Table Text Block (Details) (USD $)	6 Months Ended	12 Months Ended
	Mar. 31, 2014	Sep. 30, 2013
Notes to Financial Statements	'	'
Outstanding Options	3,320,000	3,320,000
Options granted	0	'
Options exercised	0	'
Options cancelled/ forfeited/ expired	0	'
Exercisable Options	2,520,000	'
Weighted Average Exercise Price of Outstanding Options	$0.10	$0.10
Weighted Exercise Price of Exercisable Options	$0.10	$0.10
Weighted Average Remaining Contractual Life (in years) of Outstanding Options	'2 years 6 months 2 days	'3 years 3 days
Weighted Average Remaining Contractual Life (in years) of Exercisable Options	'2 years 9 months 0 days	'
Grant Date Fair Value of Outstanding Options	$325,260	$325,260
Grant Date Fair Value of Exercisable Options	$290,964	'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES - Lease (Details 1) (USD $)	Mar. 31, 2014
Commitments And Contingencies - Lease Details 1	'
Fiscal year 2014	$41,777
Fiscal year 2015	85,225
Fiscal year 2016	28,687
Total	$155,689

COMMITMENTS_AND_CONTINGENCIESD

COMMITMENTS AND CONTINGENCIES(Details Text) (USD $)	3 Months Ended		6 Months Ended		60 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Jan. 31, 2016
Monthly rental expense	'	'	'	'	$5,700
Monthly common area maintenance costs	'	'	'	'	1,000
Lease expense	$20,000	$37,000	$41,000	$19,000	'
Lease expiration	'	'	'	'	31-Jan-16

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Text) (USD $)	4 Months Ended
	12-May-14
Subsequent Events Details Text	'
Common stock issued for stock payable, shares	40,000
Common stock issued for stock payable, value	$10,000
Subsequent event, description	'
	On April 17, 2014, we filed with the Securities and Exchange Commission a Registration Statement on Form S-8 to register a total of 2,600,000 shares of our common stock issuable under certain stock options granted by the Company.