Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Jul. 31, 2014 | Nov. 01, 2014 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | 'Global Resource Energy Inc. | ' |
Entity Central Index Key | '0001454504 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Jul-14 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--01-31 | ' |
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 | ' | 74,170,997 |
Document Fiscal Period Focus | 'Q2 | ' |
Document Fiscal Year Focus | '2014 | ' |
Balance_Sheets_Unaudited
Balance Sheets (Unaudited) (USD $) | Jul. 31, 2014 | Jan. 31, 2014 |
Current Assets | ' | ' |
Prepaid expenses | ' | $1,415 |
Total current assets | ' | 1,415 |
Total Assets | 0 | 1,415 |
Current Liabilities | ' | ' |
Accounts payable | 254,034 | 236,408 |
Accounts payable, related party | 11,403 | 11,683 |
Advances payable | 102,742 | 78,565 |
Total Current Liabilities | 368,179 | 326,656 |
Total Liabilities | 368,179 | 326,656 |
Stockholders Equity (Deficit) | ' | ' |
Common stock, $0.001 par value, 250,000,000 authorized, and 74,170,997 shares issued and outstanding | 74,171 | 74,171 |
Additional paid-in-capital | 961,329 | 961,329 |
Deficit accumulated | -1,403,679 | -1,360,741 |
Total stockholders equity | -368,179 | -325,241 |
Total liabilities and stockholders equity | $0 | $1,415 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Jul. 31, 2014 | Jan. 31, 2014 | Dec. 10, 2010 | Dec. 09, 2010 |
Statement of Financial Position [Abstract] | ' | ' | ' | ' |
Common Stock, Par Value | $0.00 | $0.00 | $0.00 | $0.00 |
Common Stock, Shares Authorized | 250,000,000 | 250,000,000 | 250,000,000 | 75,000,000 |
Common Stock, Shares Issued | 74,170,997 | 74,170,997 | 81,000,000 | 27,000,000 |
Common Stock, Shares Outstanding | 74,170,997 | 74,170,997 | 81,000,000 | 27,000,000 |
Statements_of_Operations_Unaud
Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2014 | Jul. 31, 2013 | Jul. 31, 2014 | Jul. 31, 2013 | |
Income Statement [Abstract] | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Expenses | ' | ' | ' | ' |
General and administrative expenses | 5,209 | 5,586 | 9,232 | 5,710 |
Professional fees | 14,701 | 9,831 | 33,706 | 10,592 |
Net (loss) from Operations before Taxes | -19,910 | -15,417 | -42,938 | -16,302 |
Provision for Income Taxes | ' | ' | ' | ' |
Net (loss) | ($19,910) | ($15,417) | ($42,938) | ($16,302) |
(Loss) per common share - Basic and diluted | $0 | $0 | $0 | $0 |
Weighted Average Number of Common Shares Outstanding | 74,170,997 | 74,170,997 | 74,170,997 | 74,170,997 |
Statements_of_Cash_Flows_Unaud
Statements of Cash Flows (Unaudited) (USD $) | 6 Months Ended | |
Jul. 31, 2014 | Jul. 31, 2013 | |
Operating Activities | ' | ' |
Net (loss) | ($42,938) | ($16,302) |
Adjustment to reconcile net loss to cash used by operations: | ' | ' |
Stock based compensation, management services | ' | ' |
Amortization | ' | ' |
Prepaid expenses | 1,415 | ' |
Accounts payable related party | -280 | ' |
Accounts payable | 17,626 | -490 |
Net cash (used) for operating activities | -24,177 | -16,792 |
Financing Activities | ' | ' |
Advances payable | 24,177 | 16,792 |
Sale of common stock | ' | ' |
Net cash provided by financing activities | 24,177 | 16,792 |
Net increase (decrease) in cash and equivalents | ' | ' |
Cash and equivalents at beginning of the period | ' | ' |
Cash and equivalents at end of the period | ' | ' |
Supplemental disclosure of cash flow information and non-cash activities: | ' | ' |
Cash paid for interest | ' | ' |
Cash paid for income taxes | ' | ' |
1_ORGANIZATION_AND_BUSINESS_OP
1. ORGANIZATION AND BUSINESS OPERATIONS | 6 Months Ended |
Jul. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
1. ORGANIZATION AND BUSINESS OPERATIONS | ' |
1. ORGANIZATION AND BUSINESS OPERATIONS | |
Global Force, Inc. (formerly Global Resource Energy, Inc., and Aura Bio Corp.) was incorporated in the State of Nevada, United States of America on November 6, 2008. | |
The amendment and change in corporate name from Aura Bio Corp. to Global Resource Energy Inc. (the “Amendment”) was approved by the Board of Directors by a unanimous written consent resolution dated November 9, 2010. The change in name to Global Resource Energy Inc. was effected December 10, 2010 on the Over-the-Counter Bulletin Board marketplace upon clearance by FINRA. The new trading symbol for the shares of common stock of the Company trading on the Over-the-Counter Bulletin Board has been changed to “GBEN”. | |
The Amendment was subsequently approved by certain shareholders of the Company holding a majority of the total issued and outstanding shares of common stock of the Company by written consent resolutions dated November 9, 2010. The change in corporate name was undertaken to better reflect the Company’s future business operations. | |
The Amendment filed with the Nevada Secretary of State also increased the Company’s authorized capital from 75,000,000 shares of common stock, par value, $0.001, to 250,000,000 shares of common stock, par value $0.001. | |
On November 9, 2010, the Board of Directors of the Company also authorized and approved a forward stock split of the Company’s total issued and outstanding shares of common stock on the basis of three for one (3:1) (the “Forward Stock Split”). The Forward Stock Split was effectuated based on market conditions and upon a determination by the Board of Directors that the Forward Stock Split was in the Corporation’s best interests and those of its shareholders. | |
The Forward Stock Split was effectuated on December 10, 2010 based upon the filing with and acceptance by FINRA of the appropriate documentation. The Forward Stock Split increased the Corporation’s total issued and outstanding shares from 27,000,000 to 81,000,000 shares of common stock. The common stock will continue to be $0.001 par value. | |
On April 25, 2011, the Company received a resignation notice from Harry Lappa as President and Chief Executive Officer of the Company. On the same day, the Company appointed Douglas Roe as its new President and Chief Executive Officer. Concurrent with the appointment of Mr. Roe, he received a $90,000 signing bonus for acting as President and Chief Executive Officer. The signing bonus was paid to Mr. Roe by the issuance of 90 million shares (pre-reverse-split) of the Company. This issuance resulted in a change of control of the Company, Mr. Roe having voting control over 52.6% of the Company’s issued and outstanding shares of common stock. | |
On April 26, 2011, the Company filed a Certificate of Amendment with the Secretary of State of Nevada, with the effective date of May 2, 2011, effecting a for 1,000 reverse-split of the Company’s issued and outstanding common shares. The reverse Split was approved by FINRA on July 27, 2011, and has been retroactively impacted to all shares and per share figures in these financial statements. | |
On November 12, 2012, the Company entered into a Certified Emission Reductions (“CER”) Pre-sale and Purchase Agreement (“CERSPA”) with Bluforest, Inc. (“Bluforest”). Under the agreement, we pre-purchased 66,000 CERs from Bluforest. The total purchase price of $660,000 was paid in the form of 3,000,000 restricted shares of the Company’s common stock. | |
On March 1, 2013 the Board of Directors accepted the resignation of Robert Alan Baker as the President/Chief Executive Officer, Secretary, Treasurer and the sole member of the Board of Directors of the Company. Simultaneously, Mr. Roland Hutzler was appointed the sole member of the Board of Directors and as the President/Chief Executive Officer, Secretary and Treasurer of the Company. | |
On March 7, 2014, Ray Kim purchased 40 million shares of the Company’s issued and outstanding shares from Robert Baker, the Company’s former controlling shareholder, which represented the controlling interest in the Company. As a result, Mr. Roland Hutzler the Company’s sole officer and director submitted his resignation, and Ray Kim became the Company’s President and a member of the Board of Directors and his brother John was named as Secretary, Treasurer and a member of the Board. On March 12, 2014, the Company’s board resolved to conduct a 1,000:1 reverse stock split and change the company’s name to Global Force, Inc. These resolutions were made on the basis of a pending transaction, whereby the Company would complete a share exchange with Mr. Kim’s company, Global Force, a Colorado limited liability company. This transaction was contingent on the Company completing the reverse split and name change. | |
In order to effect the name change, the Company formed a subsidiary with the name Global Force, Inc. and then merged that subsidiary into the Company with the Company being the surviving entity and adopting the name Global Force, Inc. | |
Due to Mr. Kim’s prior regulatory issues, FINRA would not allow the Company to complete the reverse split and name change with Mr. Kim as the sole officer and director and controlling shareholder. As a result, on April 23, 2014, Ray Kim and John Kim were replaced as officers and directors of the Company by their brothers, Dean Kim and Edward Kim. Following this change in the board, FINRA refused to approve the reverse split and name change due to the fact that Ray Kim remained the controlling shareholder of the Company. As a result, on or about October 14, 2014, Mr. Kim sold his controlling shares in the Company to Phil Plumley, who became the sole officer and director of the Company. | |
On October 23, 2014, the Company filed a Certificate of Correction with the Nevada Secretary of State to change name of the Company back to Global Resource Energy Inc. The Company has appointed Pacific Stock Transfer Company as its transfer agent and is moving forward with the reverse split. |
2_SUMMARY_OF_SIGNIFICANT_ACCOU
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jul. 31, 2014 | |
Accounting Policies [Abstract] | ' |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
a) Basis of Presentation | |
The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. | |
b) Going Concern | |
The financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $1,403,679 as of July 31, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management will be required to raise additional capital to fund its current and future operations, and there is no guarantee said capital will be available as required. | |
c) Cash and Cash Equivalents | |
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. | |
d) Use of Estimates and Assumptions | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
e) Foreign Currency Translation | |
The Company's functional currency and its reporting currency is the United States dollar. | |
f) Financial Instruments | |
The carrying value of financial instruments including cash and cash equivalents, receivables, prepaid expenses, accounts payable and accrued expenses, approximates their fair value due to the relatively short-term nature of these instruments. | |
g) Identified intangible assets | |
Identified intangible assets with identifiable useful lives are generally amortized on a straight-line basis over the periods of benefit in accordance with ASC 350 (formerly SFAS No.142). We amortize all acquisition-related intangible assets that are subject to amortization over the estimated useful life based on economic benefit. | |
h) Stock-based Compensation | |
Stock-based compensation is accounted for using the Equity-Based Payments to Non-Employees Topic of the FASB ASC 718, which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. The Company determines the value of stock issued at the date of grant. It also determines at the date of grant, the value of stock at fair market value or the value of services rendered (based on contract or otherwise) whichever is more readily determinable. To date, the Company has not adopted a stock option plan and has not granted any stock options. | |
i) Income Taxes | |
Income taxes are accounted for under the assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. | |
j) Basic and Diluted Net Loss per Share | |
The Company computes loss per share in accordance with ASC 260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. | |
k) Fiscal Periods | |
The Company's fiscal year end is January 31. | |
l) Recent Accounting Pronouncements | |
On June 10, 2014, The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, consolidation, which removes all incremental financial reporting requirements from GAAP for development stage entities, including the removal of Topic 915 from the FASB Accounting Standards Codification. For the first annual period beginning after December 15, 2014, the presentation and disclosure requirements in Topic 915 will no longer be required for the public business entities. The revised consolidation standards are effective one year later, in annual periods beginning after December 15, 2015. Early adoption is permitted. The Company has adopted the amendment. | |
There are several new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) which are not yet effective. Each of these pronouncements, as applicable, has been or will be adopted by the Company. As of July 31, 2014, none of these pronouncements is expected to have a material effect on the financial position, results of operations or cash flows of the Company. |
3_IDENTIFIED_INTANGIBLE_ASSETS
3. IDENTIFIED INTANGIBLE ASSETS | 6 Months Ended |
Jul. 31, 2014 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' |
3. IDENTIFIED INTANGIBLE ASSETS | ' |
3. IDENTIFIED INTANGIBLE ASSETS | |
On January 26, 2012, the Company entered into an assignment agreement whereby Patedma Group Corp. (“Patedma”) assigned its distributor agreement with Dongguan City Cled Optoelectonic Co. Ltd. for the distribution of LED Street Lights, Solar LED Street Lights, LED Tunnel Lights, LED Flood Lights, LED High Bay Lights, LED High Mask Lights, LED Garden Lights, Light Sourcing and all Indoor Lighting sold and exported by Supplier with their trademark CLED. Under the terms of the assignment, the Company issued 1,000,000 shares to Patedma. The value of the assets is $187,500 based on the fair market value of the shares on the issuance date. The Company amortized the value over a period of one year, so that a total of $187,000 had been fully amortized as of January 31, 2013. The agreement orignally terminated on October 31, 2012 and was subsequently extended for a period of one year on mutual consent. A further verbal extension was granted in November 2013, extending the license thereafter for a period of six months, to April 30, 2014. | |
The Company’s rights to the LED technology expired on April 30, 2014. |
4_COMMON_STOCK
4. COMMON STOCK | 6 Months Ended |
Jul. 31, 2014 | |
Equity [Abstract] | ' |
4. COMMON STOCK | ' |
4. COMMON STOCK | |
The authorized capital of the Company is 250,000,000 common shares with a par value of $ 0.001 per share. | |
As at July 31, 2014, we had a total of 74,170,997 shares issued and outstanding. |
6_ADVANCES_PAYABLE
6. ADVANCES PAYABLE | 6 Months Ended |
Jul. 31, 2014 | |
Payables and Accruals [Abstract] | ' |
6. ADVANCES PAYABLE | ' |
6. ADVANCES PAYABLE | |
During the six month period ended July 31, 2014 the Company received an advance of $24,177 from an unrelated third party which amount was used to settle certain outstanding accounts payable. A total of $102,742 has been recorded as advances payable on the balance sheets of the Company as of July 31, 2014 ($78,565 as of January 31, 2014), which advances bear no interest and are due on demand. |
7_RELATED_PARTY_TRANSACTIONS
7. RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jul. 31, 2014 | |
Related Party Transactions [Abstract] | ' |
7. RELATED PARTY TRANSACTIONS | ' |
7. RELATED PARTY TRANSACTIONS | |
During the fiscal year ended January 31, 2013 Mr. Robert Alan Baker, the Company’s then sole officer, director and controlling shareholder advanced a total of $11,683 (CAD$11,938) to retire certain Company expenses in the normal course. These amounts are due on demand, bear no interest and are recorded as Accounts Payable, related party. | |
On March 1, 2013 the Board of Directors accepted the resignation of Robert Alan Baker as the President/Chief Executive Officer, Secretary, Treasurer and the sole member of the Board of Directors of the Company. Mr. Baker continued to be the Company’s controlling shareholder. | |
On March 7, 2014 Mr. Baker entered into Reorganization and Stock Purchase Agreement with Mr. Ray Kim whereunder Mr. Baker agreed to sell a total of 40,000,000 shares of the Company’s common stock, as well as amounts due and payable totaling $11,403 (CAD$11,938) to Mr. Kim for total cash consideration $40,000 payable by Mr. Kim. As a result of the aforementioned transaction Mr. Kim became the controlling shareholder of the Company. An amount totaling $11,403 remained payable to Mr. Kim as at July 31, 2014 and continues to be reflected as Accounts payable, related party. As a result, Mr. Roland Hutzler the Company’s sole officer and director submitted his resignation, and Ray Kim became the Company’s President and a member of the Board of Directors and his brother John was named as Secretary, Treasurer and a member of the Board. | |
On April 23, 2014 Ray Kim and John Kim resigned, concurrently appointing their brothers to the Company’s Board of Directors. Mr. Dean Kim was appointed as the Company’s President and a member of the Board and Mr. Edward Kim was appointed as the Company’s Secretary and Treasurer and a member of the Board. |
8_INCOME_TAXES
8. INCOME TAXES | 6 Months Ended |
Jul. 31, 2014 | |
Income Tax Disclosure [Abstract] | ' |
8. INCOME TAXES | ' |
8. INCOME TAXES | |
The provision for income taxes at July 31, 2014 was comprised of federal alternative minimum tax. Significant components of deferred tax assets include net operating loss carry forwards and stock-based compensation. Due to the uncertainty of their realization, we have not recorded any income tax benefit as we have established valuation allowances for any such benefits. |
9_SUBSEQUENT_EVENTS
9. SUBSEQUENT EVENTS | 6 Months Ended |
Jul. 31, 2014 | |
Subsequent Events [Abstract] | ' |
9. SUBSEQUENT EVENTS | ' |
9. SUBSEQUENT EVENTS | |
Subsequent to the period ended July 31, 2014, as a result of M. Ray Kim’s prior regulatory issues, FINRA would not allow the Company to complete the reverse split and name change, and the share exchange agreement as contemplated in Note 1 herein, was unable to be concluded. As a result, on or about October 14, 2014, Mr. Kim sold his controlling shares in the Company to Phil Plumley, who became the sole officer and director of the Company. | |
On October 23, 2014, the Company filed a Certificate of Correction with the Nevada Secretary of State to change name of the Company back to Global Resource Energy Inc. The Company has appointed Pacific Stock Transfer Company as its transfer agent and is moving forward with the reverse split. | |
We have evaluated subsequent events through November 12, 2014. Other than those set out above, there have been no subsequent events for which disclosure is required which are not previously disclosed herein. |
2_SUMMARY_OF_SIGNIFICANT_ACCOU1
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jul. 31, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
a) Basis of Presentation | |
The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. | |
b) Going Concern | ' |
b) Going Concern | |
The financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $1,403,679 as of July 31, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management will be required to raise additional capital to fund its current and future operations, and there is no guarantee said capital will be available as required. | |
c) Cash and Cash Equivalents | ' |
c) Cash and Cash Equivalents | |
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. | |
d) Use of Estimates and Assumptions | ' |
d) Use of Estimates and Assumptions | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
e) Foreign Currency Translation | ' |
e) Foreign Currency Translation | |
The Company's functional currency and its reporting currency is the United States dollar. | |
f) Financial Instruments | ' |
f) Financial Instruments | |
The carrying value of financial instruments including cash and cash equivalents, receivables, prepaid expenses, accounts payable and accrued expenses, approximates their fair value due to the relatively short-term nature of these instruments. | |
g) Identified intangible assets | ' |
g) Identified intangible assets | |
Identified intangible assets with identifiable useful lives are generally amortized on a straight-line basis over the periods of benefit in accordance with ASC 350 (formerly SFAS No.142). We amortize all acquisition-related intangible assets that are subject to amortization over the estimated useful life based on economic benefit. | |
h) Stock-based Compensation | ' |
h) Stock-based Compensation | |
Stock-based compensation is accounted for using the Equity-Based Payments to Non-Employees Topic of the FASB ASC 718, which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. The Company determines the value of stock issued at the date of grant. It also determines at the date of grant, the value of stock at fair market value or the value of services rendered (based on contract or otherwise) whichever is more readily determinable. To date, the Company has not adopted a stock option plan and has not granted any stock options. | |
i) Income Taxes | ' |
i) Income Taxes | |
Income taxes are accounted for under the assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. | |
j) Basic and Diluted Net Loss per Share | ' |
j) Basic and Diluted Net Loss per Share | |
The Company computes loss per share in accordance with ASC 260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. | |
k) Fiscal Periods | ' |
k) Fiscal Periods | |
The Company's fiscal year end is January 31. | |
Recent Accounting Pronouncements | ' |
l) Recent Accounting Pronouncements | |
On June 10, 2014, The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, consolidation, which removes all incremental financial reporting requirements from GAAP for development stage entities, including the removal of Topic 915 from the FASB Accounting Standards Codification. For the first annual period beginning after December 15, 2014, the presentation and disclosure requirements in Topic 915 will no longer be required for the public business entities. The revised consolidation standards are effective one year later, in annual periods beginning after December 15, 2015. Early adoption is permitted. The Company has adopted the amendment. | |
There are several new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) which are not yet effective. Each of these pronouncements, as applicable, has been or will be adopted by the Company. As of July 31, 2014, none of these pronouncements is expected to have a material effect on the financial position, results of operations or cash flows of the Company. |
1_ORGANIZATION_AND_BUSINESS_OP1
1. ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative) (USD $) | 6 Months Ended | 12 Months Ended | ||||||
Jul. 31, 2014 | Jan. 31, 2012 | Jan. 31, 2011 | Jan. 31, 2014 | Nov. 11, 2012 | Apr. 25, 2011 | Dec. 10, 2010 | Dec. 09, 2010 | |
CertifiedEmissionReductions | ||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Shares Authorized | 250,000,000 | ' | ' | 250,000,000 | ' | ' | 250,000,000 | 75,000,000 |
Common Stock, Par Value | $0.00 | ' | ' | $0.00 | ' | ' | $0.00 | $0.00 |
Stock Split Ratio | 0.001 | 0.001 | 0.33 | ' | ' | ' | ' | ' |
Common Stock, Shares Issued | 74,170,997 | ' | ' | 74,170,997 | ' | ' | 81,000,000 | 27,000,000 |
Common Stock, Shares Outstanding | 74,170,997 | ' | ' | 74,170,997 | ' | ' | 81,000,000 | 27,000,000 |
Signing Bonus | ' | ' | ' | ' | ' | $90,000 | ' | ' |
Stock Issued, Compensation | ' | 90,000,000 | ' | ' | ' | ' | ' | ' |
Ownership Percentage | ' | 52.60% | ' | ' | ' | ' | ' | ' |
Certified Emission Reductions Purchased | ' | ' | ' | ' | 66,000 | ' | ' | ' |
Certified Emission Reductions Purchased, Purchase Price | ' | ' | ' | ' | $660,000 | ' | ' | ' |
Certified Emission Reductions, Shares Issued | ' | ' | ' | ' | 3,000,000 | ' | ' | ' |
Sale of Stock, Shares Issued | 40,000,000 | ' | ' | ' | ' | ' | ' | ' |
2_SUMMARY_OF_SIGNIFICANT_ACCOU2
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $) | Jul. 31, 2014 | Jan. 31, 2014 |
Accounting Policies [Abstract] | ' | ' |
Accumulated Deficit | ($1,403,679) | ($1,360,741) |
3_IDENTIFIED_INTANGIBLE_ASSETS1
3. IDENTIFIED INTANGIBLE ASSETS (Details Narrative) (USD $) | 12 Months Ended |
Jan. 31, 2012 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' |
Stock Issued in Period, Trademark, Shares | 1,000,000 |
Stock Issued in Period, Trademark, Value | $187,500 |
Amortization of Trademark Value | $187,000 |
4_COMMON_STOCK_Details_Narrati
4. COMMON STOCK (Details Narrative) (USD $) | Jul. 31, 2014 | Jan. 31, 2014 | Dec. 10, 2010 | Dec. 09, 2010 |
Equity [Abstract] | ' | ' | ' | ' |
Common Stock, Par Value | $0.00 | $0.00 | $0.00 | $0.00 |
Common Stock, Shares Authorized | 250,000,000 | 250,000,000 | 250,000,000 | 75,000,000 |
Common Stock, Shares Issued | 74,170,997 | 74,170,997 | 81,000,000 | 27,000,000 |
Common Stock, Shares Outstanding | 74,170,997 | 74,170,997 | 81,000,000 | 27,000,000 |
6_ADVANCES_PAYABLE_Details_Nar
6. ADVANCES PAYABLE (Details Narrative) (USD $) | 6 Months Ended | |
Jul. 31, 2014 | Jan. 31, 2014 | |
Payables and Accruals [Abstract] | ' | ' |
Advances from Unrelated Third Party | $24,177 | ' |
Advances Payable | $102,742 | ($78,565) |
7_RELATED_PARTY_TRANSACTIONS_D
7. RELATED PARTY TRANSACTIONS (Details Narrative) (USD $) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2014 | Jan. 31, 2013 | |
Related Party Advances | ' | $11,683 |
Sale of Common Stock, Shares | 40,000,000 | ' |
Repayment Related Party Debt | 11,403 | ' |
Sale of Stock, Consideration Received | 40,000 | ' |
Due to Shareholder | 11,403 | ' |
Canada, Dollars | ' | ' |
Related Party Advances | ' | -11,938 |
Repayment Related Party Debt | ($11,938) | ' |