Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |
Aug. 31, 2014 | Feb. 28, 2014 | |
Document and Entity Information | ||
Entity Registrant Name | ESSENSE WATER, INC. | |
Document Type | 10-K | |
Document Period End Date | 31-Aug-14 | |
Amendment Flag | FALSE | |
Entity Central Index Key | 1459287 | |
Current Fiscal Year End Date | -23 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2014 | |
Document Fiscal Period Focus | FY | |
Entity Common Stock, Shares Outstanding | 12,400,000 | |
Entity Public Float | $0 |
Audited_Condensed_Balance_Shee
Audited Condensed Balance Sheets (USD $) | Aug. 31, 2014 | Aug. 31, 2013 |
Assets, Current | ||
Cash and Cash Equivalents, at Carrying Value | $44 | $1,819 |
Assets, Current | 44 | 1,819 |
Assets | 44 | 1,819 |
Liabilities, Current | ||
Accrued Liabilities, Current | 5,350 | 4,625 |
Other Liabilities, Current | 38,673 | 31,213 |
Liabilities, Current | 44,023 | 35,838 |
Liabilities | 44,023 | 35,838 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ||
Common Stock, Value, Issued | 1,240 | 1,240 |
Additional Paid in Capital, Common Stock | 10,760 | 10,760 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -55,978 | -46,018 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | -43,979 | -34,019 |
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures | ||
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 12,400,000 | 12,400,000 |
Liabilities and Equity | $44 | $1,819 |
Audited_Condensed_Statement_of
Audited Condensed Statement of Operations (USD $) | 12 Months Ended | 67 Months Ended | |
Aug. 31, 2014 | Aug. 31, 2013 | Aug. 31, 2014 | |
Revenues | |||
Sales Revenue, Goods, Net | $0 | $0 | $0 |
Revenues | 0 | 0 | 0 |
Operating Expenses | |||
General and Administrative Expense | 9,960 | 10,490 | 55,797 |
Operating Expenses | 9,960 | 10,490 | 55,979 |
Operating Income (Loss) | -9,960 | -10,490 | -55,979 |
Income Tax Expense (Benefit) | |||
Current Income Tax Expense (Benefit) | 0 | 0 | 0 |
Net Income (Loss) Attributable to Parent | ($9,960) | ($10,490) | ($55,979) |
Earnings Per Share | |||
Earnings Per Share, Basic and Diluted | $0 | $0 | |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 12,400,000 | 12,400,000 | 12,400,000 |
Audited_Condensed_Statements_o
Audited Condensed Statements of Cash Flows (USD $) | 12 Months Ended | 67 Months Ended | |
Aug. 31, 2014 | Aug. 31, 2013 | Aug. 31, 2014 | |
Net Cash Provided by (Used in) Operating Activities | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($9,960) | ($10,490) | ($55,979) |
Increase (Decrease) in Operating Liabilities | |||
Increase (Decrease) in Accounts Payable and Accrued Liabilities | 725 | 250 | 5,350 |
Net Cash Provided by (Used in) Operating Activities | -9,235 | -10,240 | -50,629 |
Net Cash Provided by (Used in) Financing Activities | |||
Proceeds from (Repayments of) Related Party Debt | 7,460 | 1,681 | 38,673 |
Proceeds from Issuance of Common Stock | 0 | 10,000 | 12,000 |
Net Cash Provided by (Used in) Financing Activities | 7,460 | 11,681 | 50,673 |
Cash and Cash Equivalents, Period Increase (Decrease) | -1,775 | 1,441 | 44 |
Cash and Cash Equivalents, at Carrying Value | 1,819 | 379 | 0 |
Cash and Cash Equivalents, at Carrying Value | $44 | $1,819 | $44 |
Statement_of_Stockholders_Equi
Statement of Stockholders' Equity (USD $) | Common Stock | Additional Paid-in Capital | Accumulated Other Comprehensive Income | Total |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Jan. 28, 2009 | $0 | $0 | $0 | $0 |
Shares, Outstanding at Jan. 28, 2009 | 0 | |||
Stock Issued During Period, Value, New Issues | 1,200 | 800 | 2,000 | |
Stock Issued During Period, Shares, New Issues | 12,000,000 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -3,911 | -3,911 | ||
Stockholders' Equity, Period Increase (Decrease) | -1,911 | |||
Stock Issued During Period, Shares, Period Increase (Decrease) | 12,000,000 | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Aug. 31, 2009 | 1,200 | 800 | -3,911 | -1,911 |
Shares, Outstanding at Aug. 31, 2009 | 12,000,000 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -9,117 | -9,117 | ||
Stockholders' Equity, Period Increase (Decrease) | -9,117 | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Aug. 31, 2010 | 1,200 | 800 | -13,027 | -11,027 |
Shares, Outstanding at Aug. 31, 2010 | 12,000,000 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -11,818 | -11,818 | ||
Stockholders' Equity, Period Increase (Decrease) | -11,818 | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Aug. 31, 2011 | 1,200 | 800 | -24,845 | -22,845 |
Shares, Outstanding at Aug. 31, 2011 | 12,000,000 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -10,682 | -10,682 | ||
Stockholders' Equity, Period Increase (Decrease) | -10,682 | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Aug. 31, 2012 | 1,200 | 800 | -35,527 | -33,527 |
Shares, Outstanding at Aug. 31, 2012 | 12,000,000 | |||
Stock Issued During Period, Value, New Issues | 9,960 | 40 | 10,000 | |
Stock Issued During Period, Shares, New Issues | 400,000 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -10,490 | -10,490 | ||
Stockholders' Equity, Period Increase (Decrease) | -490 | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Aug. 31, 2013 | 1,240 | 10,760 | -46,018 | -34,019 |
Shares, Outstanding at Aug. 31, 2013 | 12,400,000 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -9,960 | -9,960 | ||
Stockholders' Equity, Period Increase (Decrease) | -9,960 | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Aug. 31, 2014 | ($43,979) | |||
Shares, Outstanding at Aug. 31, 2014 | 12,400,000 |
Note_1_Organization_and_Descri
Note 1. Organization and Description of Business | 12 Months Ended |
Aug. 31, 2014 | |
Notes | |
Note 1. Organization and Description of Business | NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS |
Essense Water, Inc. (the "Company"), was incorporated on January 29, 2009, | |
under the laws of the State of Nevada. The Company is a development-stage | |
company, established to develop, produce, and market a water-based consumer | |
beverage. It has elected a fiscal year end of August 31. | |
The Company's authorized share capital consists of 75,000,000 shares of | |
common stock, $0.0001 par value per share. At August 31, 2014 and 2013, the | |
Company has 12,400,000 and 12,000,000 shares of its common stock issued and outstanding, respectively. |
Note_2_Summary_of_Significant_
Note 2. Summary of Significant Accounting Policies | 12 Months Ended |
Aug. 31, 2014 | |
Notes | |
Note 2. Summary of Significant Accounting Policies | |
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
A. BASIS OF ACCOUNTING | |
The Company's financial statements are prepared using the accrual method of | |
accounting. The Company has elected an August 31, yearend. | |
B. BASIC EARNINGS PER SHARE | |
ASC No. 260, "Earnings Per Share", specifies the computation, presentation | |
and disclosure requirements for earnings (loss) per share for entities with | |
publicly held common stock. The Company has adopted the provisions of ASC No. | |
260 | |
Basic net loss per share amounts is computed by dividing the net loss by the | |
weighted average number of common shares outstanding. Diluted earnings per | |
share are the same as basic earnings per share due to the lack of dilutive | |
items in the Company. | |
C. CASH EQUIVALENTS | |
The Company considers all highly liquid investments purchased with an | |
original maturity of three months or less to be cash equivalents. | |
D. USE OF ESTIMATES AND ASSUMPTIONS | |
The preparation of financial statements in conformity with generally accepted | |
accounting principles requires management to make estimates and assumptions | |
that affect the reported amounts of assets and liabilities and disclosure of | |
contingent assets and liabilities at the date of the financial statements and | |
the reported amounts of revenues and expenses during the reporting period. | |
Actual results could differ from those estimates. In accordance with ASC No. | |
250 all adjustments are normal and recurring. | |
E. INCOME TAXES | |
Income taxes are provided in accordance with ASC No. 740, Accounting for | |
Income Taxes. A deferred tax asset or liability is recorded for all temporary | |
differences between financial and tax reporting and net operating loss | |
carryforwards. Deferred tax expense (benefit) results from the net change | |
during the year of deferred tax assets and liabilities. | |
Deferred tax assets are reduced by a valuation allowance when, in the opinion | |
of management, it is more likely than not that some portion of all of the | |
deferred tax assets will be realized. Deferred tax assets and liabilities are | |
adjusted for the effects of changes in tax laws and rates on the date of | |
enactment. | |
F. REVENUE | |
The Company records revenue on the accrual basis when all goods and services | |
have been performed and delivered, the amounts are readily determinable, and | |
collection is reasonably assured. The Company has not generated any revenue | |
since its inception. | |
G. ADVERTISING | |
The Company will expense its advertising when incurred. There have been no | |
advertising costs since inception. | |
H. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS | |
The Company's management has evaluated all recent accounting pronouncements | |
since the date of the last audit through the issuance date of these financial | |
statements. In the Company's opinion, none of the recent accounting | |
pronouncements will have a material effect on the financial statements. |
Note_3_Going_Concern
Note 3. Going Concern | 12 Months Ended |
Aug. 31, 2014 | |
Notes | |
Note 3. Going Concern | NOTE 3. GOING CONCERN |
The accompanying financial statements have been prepared assuming that the | |
Company will continue as a going concern. As discussed in the notes to the | |
financial statements, the Company has no established source of revenue. This | |
raises substantial doubt about the Company's ability to continue as a going | |
concern. Without realization of additional capital, it would be unlikely for | |
the Company to continue as a going concern. The financial statements do not | |
include any adjustments that might result from this uncertainty. | |
The Company's activities to date have been supported by equity financing by | |
its founder. It has sustained losses in all reporting periods, with an | |
inception to date loss of $55,979 as of August 31, 2014. Management is | |
presently providing the required working capital to the Company to facilitate | |
and pursue its business plan. |
Note_4_Warrants_and_Options
Note 4. Warrants and Options | 12 Months Ended |
Aug. 31, 2014 | |
Notes | |
Note 4. Warrants and Options | NOTE 4. WARRANTS AND OPTIONS |
There are no warrants or options outstanding to acquire any additional shares | |
of common stock. | |
Note_5_Related_Party_Transacti
Note 5. Related Party Transactions | 12 Months Ended |
Aug. 31, 2014 | |
Notes | |
Note 5. Related Party Transactions | NOTE 5. RELATED PARTY TRANSACTIONS |
The Company's sole Officer and Director has advanced/loaned the Company funds | |
and has paid certain third-party expenses on behalf of the Company. As of | |
August 31, 2014 and 2013, the amounts owing the sole officer and director | |
were $38,673 and $31,213, respectively. These amounts are payable on demand | |
and are non-interest bearing. | |
The Company's sole officer and director has received and is owed no salary. | |
The Company neither owns nor leases any real or personal property. | |
The sole officer and director of the Company is involved in other business | |
activities and may, in the future, become involved in other business | |
opportunities as they become available. Thus he may face a conflict in | |
selecting between the Company and his other business interests. The Company | |
has not formulated a policy for the resolution of such conflicts. |
Note_6_Income_Taxes
Note 6. Income Taxes | 12 Months Ended | |||
Aug. 31, 2014 | ||||
Notes | ||||
Note 6. Income Taxes | NOTE 6. INCOME TAXES | |||
As of August 31 | ||||
2014 | 2013 | |||
Deferred tax assets: | ||||
Net operating tax carryforwards | 55,979 | 46,018 | ||
Other | - | - | ||
Gross deferred tax assets | 55,979 | 46,018 | ||
Valuation allowance | (55,979) | (46,018) | ||
Net deferred tax assets | 0 | 0 | ||
Realization of deferred tax assets is dependent upon sufficient future | ||||
taxable income during the period that deductible temporary differences and | ||||
carryforwards are expected to be available to reduce taxable income. As the | ||||
achievement of required future taxable income is uncertain, the Company | ||||
recorded a valuation allowance. |
Note_7_Net_Operating_Losses
Note 7. Net Operating Losses | 12 Months Ended |
Aug. 31, 2014 | |
Notes | |
Note 7. Net Operating Losses | NOTE 7. NET OPERATING LOSSES |
As of August 31, 2014, the Company has a net operating loss carryforward of | |
approximately $55,979. Net operating loss carryforward expires 20 years from | |
the date the loss was incurred. | |
Note_8_Stock_Transactions
Note 8. Stock Transactions | 12 Months Ended |
Aug. 31, 2014 | |
Notes | |
Note 8. Stock Transactions | NOTE 8. STOCK TRANSACTIONS |
The stockholders' equity section of the Company contains the following | |
classes of capital stock as of August 31: | |
Common stock, $0.0001 par value: 75,000,000 shares authorized; | |
12,400,000 shares issued and outstanding as of August | |
31, 2014 and 2013, respectively. | |
On May 29, 2009 the Company issued a total of 12,000,000 shares of common | |
stock to its sole officer/director for cash at $0.00017 per share for total | |
proceeds of $2,000. | |
During the fiscal year 2013, the Company sold and issued a total of 400,000 shares of common stock to various investors for cash at $0.025 per share for total proceeds of $10,000. |
Note_9_Subsequent_Events
Note 9. Subsequent Events | 12 Months Ended |
Aug. 31, 2014 | |
Notes | |
Note 9. Subsequent Events | NOTE 9. SUBSEQUENT EVENTS |
The Company has evaluated subsequent events through the date that the | |
financial statements were issued, and determined there are no other | |
subsequent events to be reported. | |
Note_2_Summary_of_Significant_1
Note 2. Summary of Significant Accounting Policies: A. Basis of Accounting (Policies) | 12 Months Ended |
Aug. 31, 2014 | |
Policies | |
A. Basis of Accounting | A. BASIS OF ACCOUNTING |
The Company's financial statements are prepared using the accrual method of | |
accounting. The Company has elected an August 31, yearend. |
Note_2_Summary_of_Significant_2
Note 2. Summary of Significant Accounting Policies: B. Basic Earnings Per Share (Policies) | 12 Months Ended |
Aug. 31, 2014 | |
Policies | |
B. Basic Earnings Per Share | B. BASIC EARNINGS PER SHARE |
ASC No. 260, "Earnings Per Share", specifies the computation, presentation | |
and disclosure requirements for earnings (loss) per share for entities with | |
publicly held common stock. The Company has adopted the provisions of ASC No. | |
260 | |
Basic net loss per share amounts is computed by dividing the net loss by the | |
weighted average number of common shares outstanding. Diluted earnings per | |
share are the same as basic earnings per share due to the lack of dilutive | |
items in the Company. |
Note_2_Summary_of_Significant_3
Note 2. Summary of Significant Accounting Policies: C. Cash Equivalents (Policies) | 12 Months Ended |
Aug. 31, 2014 | |
Policies | |
C. Cash Equivalents | C. CASH EQUIVALENTS |
The Company considers all highly liquid investments purchased with an | |
original maturity of three months or less to be cash equivalents. |
Note_2_Summary_of_Significant_4
Note 2. Summary of Significant Accounting Policies: D. Use of Estimates and Assumptions (Policies) | 12 Months Ended |
Aug. 31, 2014 | |
Policies | |
D. Use of Estimates and Assumptions | D. USE OF ESTIMATES AND ASSUMPTIONS |
The preparation of financial statements in conformity with generally accepted | |
accounting principles requires management to make estimates and assumptions | |
that affect the reported amounts of assets and liabilities and disclosure of | |
contingent assets and liabilities at the date of the financial statements and | |
the reported amounts of revenues and expenses during the reporting period. | |
Actual results could differ from those estimates. In accordance with ASC No. | |
250 all adjustments are normal and recurring. |
Note_2_Summary_of_Significant_5
Note 2. Summary of Significant Accounting Policies: E. Income Taxes (Policies) | 12 Months Ended |
Aug. 31, 2014 | |
Policies | |
E. Income Taxes | E. INCOME TAXES |
Income taxes are provided in accordance with ASC No. 740, Accounting for | |
Income Taxes. A deferred tax asset or liability is recorded for all temporary | |
differences between financial and tax reporting and net operating loss | |
carryforwards. Deferred tax expense (benefit) results from the net change | |
during the year of deferred tax assets and liabilities. | |
Deferred tax assets are reduced by a valuation allowance when, in the opinion | |
of management, it is more likely than not that some portion of all of the | |
deferred tax assets will be realized. Deferred tax assets and liabilities are | |
adjusted for the effects of changes in tax laws and rates on the date of | |
enactment. |
Note_2_Summary_of_Significant_6
Note 2. Summary of Significant Accounting Policies: F. Revenue (Policies) | 12 Months Ended |
Aug. 31, 2014 | |
Policies | |
F. Revenue | F. REVENUE |
The Company records revenue on the accrual basis when all goods and services | |
have been performed and delivered, the amounts are readily determinable, and | |
collection is reasonably assured. The Company has not generated any revenue | |
since its inception. |
Note_2_Summary_of_Significant_7
Note 2. Summary of Significant Accounting Policies: Advertising Costs, Policy (Policies) | 12 Months Ended |
Aug. 31, 2014 | |
Policies | |
Advertising Costs, Policy | |
G. ADVERTISING | |
The Company will expense its advertising when incurred. There have been no | |
advertising costs since inception. |
Note_2_Summary_of_Significant_8
Note 2. Summary of Significant Accounting Policies: H. Recently Issued Accounting Pronouncements (Policies) | 12 Months Ended |
Aug. 31, 2014 | |
Policies | |
H. Recently Issued Accounting Pronouncements | H. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS |
The Company's management has evaluated all recent accounting pronouncements | |
since the date of the last audit through the issuance date of these financial | |
statements. In the Company's opinion, none of the recent accounting | |
pronouncements will have a material effect on the financial statements. |
Note_6_Income_Taxes_Schedule_o
Note 6. Income Taxes: Schedule of deferred tax assets (Tables) | 12 Months Ended | |||
Aug. 31, 2014 | ||||
Tables/Schedules | ||||
Schedule of deferred tax assets | ||||
As of August 31 | ||||
2014 | 2013 | |||
Deferred tax assets: | ||||
Net operating tax carryforwards | 55,979 | 46,018 | ||
Other | - | - | ||
Gross deferred tax assets | 55,979 | 46,018 | ||
Valuation allowance | (55,979) | (46,018) | ||
Net deferred tax assets | 0 | 0 | ||
Note_6_Income_Taxes_Schedule_o1
Note 6. Income Taxes: Schedule of deferred tax assets (Details) (USD $) | Aug. 31, 2014 | Aug. 31, 2013 |
Details | ||
Deferred Tax Assets, Operating Loss Carryforwards | $55,979 | $46,018 |
Deferred Tax Assets, Gross | 55,979 | 46,018 |
Deferred Tax Assets, Valuation Allowance | -55,979 | -46,018 |
Deferred Tax Assets, Net of Valuation Allowance | $0 | $0 |