Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Oct. 31, 2013 | Dec. 16, 2014 | |
Document And Entity Information | ||
Entity Registrant Name | ONE CLEAN PLANET, INC. | |
Entity Central Index Key | 1467845 | |
Document Type | 10-Q | |
Document Period End Date | 31-Oct-13 | |
Amendment Flag | FALSE | |
Current Fiscal Year End Date | -26 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 350,515,800 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2014 |
CONDENSED_BALANCE_SHEETS
CONDENSED BALANCE SHEETS (USD $) | Oct. 31, 2013 | Apr. 30, 2013 |
CURRENT ASSETS | ||
Cash | $79 | $79 |
TOTAL CURRENT ASSETS | 79 | 79 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 58,334 | 44,704 |
Accounts payable - related party | 21,883 | 20,383 |
Loans from related party | 34,998 | 26,283 |
TOTAL CURRENT LIABILITIES | 115,215 | 91,370 |
STOCKHOLDERS' EQUITY ( DEFICIT ) | ||
Capital stock Authorized 550,000,000 shares of common stock, $0.001 par value, Issued and outstanding 350,515,800 shares at October 31, 2013 and at April 30, 2013 | 350,516 | 350,516 |
Additional Paid in Capital | -334,740 | -334,740 |
Deficit accumulated during the development stage | -130,912 | -107,067 |
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT) | -115,136 | -91,291 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) | $79 | $79 |
CONDENSED_BALANCE_SHEETS_Paren
CONDENSED BALANCE SHEETS (Parenthetical) (USD $) | Oct. 31, 2013 | Apr. 30, 2013 |
Condensed Balance Sheets Parenthetical | ||
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 550,000,000 | 550,000,000 |
Common stock, shares issued | 350,515,800 | 350,515,800 |
Common stock, shares outstanding | 350,515,800 | 350,515,800 |
CONDENSED_STATEMENTS_OF_OPERAT
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | 55 Months Ended | ||
Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | |
REVENUE | |||||
Revenues | |||||
Total Revenues | |||||
EXPENSES | |||||
Office and general | 1,645 | 3,924 | 18,095 | 4,374 | 47,735 |
Professional Fees | 2,750 | 3,000 | 5,750 | 6,000 | 83,177 |
Total Expenses, before provision of income taxes | 4,395 | 6,924 | 23,845 | 10,374 | 130,912 |
Provision for income taxes | |||||
Net Loss | ($4,395) | ($6,924) | ($23,845) | ($10,374) | ($130,912) |
BASIC AND DILUTED LOSS PER COMMON SHARE | |||||
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 350,515,800 | 4,671,324,387 | 350,515,800 | 4,905,585,093 |
CONDENSED_STATEMENTS_OF_STOCKH
CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) Unaudited (USD $) | Common Stock | Additional Paid-In Capital | Share Subscriptions Receivable | Deficit accumulated during the development stage | Total |
Beginning Balance, Amount at Apr. 09, 2009 | |||||
Beginning Balance, Shares at Apr. 09, 2009 | |||||
Common stock issued for cash at $0.0000019 Value per share on April 30, 2009, Amount | 4,999,850 | -4,990,350 | -9,500 | ||
Common stock issued for cash at $0.0000019 Value per share on April 30, 2009, Shares | 4,999,850,000 | ||||
Net Loss | -1,070 | -1,070 | |||
Ending Balance, Amount at Apr. 30, 2009 | 4,999,850 | -4,990,350 | -9,500 | -1,070 | -1,070 |
Ending Balance, Shares at Apr. 30, 2009 | 4,999,850,000 | ||||
Subscription Receivable on October 8, 2009 | 9,500 | ||||
Net Loss | -28,002 | -28,002 | |||
Ending Balance, Amount at Apr. 30, 2010 | 4,999,850 | -4,990,350 | -29,072 | -19,572 | |
Ending Balance, Shares at Apr. 30, 2010 | 4,999,850,000 | ||||
Subscription Receivable on June/July 2010 at $0.0000449 per share, cash received in August 2010, Amount | 139,996 | -133,710 | 6,286 | ||
Subscription Receivable on June/July 2010 at $0.0000449 per share, cash received in August 2010, Shares | 139,995,800 | ||||
Net Loss | -16,323 | -16,323 | |||
Ending Balance, Amount at Apr. 30, 2011 | 5,139,846 | -5,124,060 | -45,395 | -29,609 | |
Ending Balance, Shares at Apr. 30, 2011 | 5,139,845,800 | ||||
Net Loss | -37,396 | -37,396 | |||
Ending Balance, Amount at Apr. 30, 2012 | 5,139,846 | -5,124,060 | -82,791 | -67,005 | |
Ending Balance, Shares at Apr. 30, 2012 | 5,139,845,800 | ||||
Shares redeemed and retired October 23, 2012, Amount | -4,789,330 | 4,789,320 | -10 | ||
Shares redeemed and retired October 23, 2012, Shares | -4,789,330,000 | ||||
Net Loss | -24,276 | -24,276 | |||
Ending Balance, Amount at Apr. 30, 2013 | 350,516 | -334,740 | -107,067 | -91,291 | |
Ending Balance, Shares at Apr. 30, 2013 | 350,515,800 | ||||
Net Loss | -23,845 | -23,845 | |||
Ending Balance, Amount at Oct. 31, 2013 | $350,516 | ($334,740) | ($130,912) | ($115,136) | |
Ending Balance, Shares at Oct. 31, 2013 | 350,515,800 |
CONDENSED_STATEMENTS_OF_CASH_F
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 6 Months Ended | 55 Months Ended | |
Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | |
OPERATING ACTIVITIES | |||
Net Loss | ($23,845) | ($10,374) | ($130,912) |
Adjustment to reconcile net loss to net cash used in operating activities: | |||
Expenses paid on company's behalf by related party | 8,715 | 23,528 | |
Increase (decrease) in accrued expenses | 15,130 | 10,374 | 80,217 |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | -27,167 | ||
FINANCING ACTIVITIES | |||
Proceeds from sale of common stock | 15,776 | ||
Loans from Related Party | 11,470 | ||
NET CASH PROVIDED BY FINANCING ACTIVITIES | 27,246 | ||
NET INCREASE ( DECREASE) IN CASH | 79 | ||
CASH, BEGINNING OF PERIOD | 79 | 79 | |
CASH, END OF PERIOD | 79 | 79 | 79 |
Supplemental cash flow & noncash financing activities: | |||
Cash paid for: Interest | |||
Cash paid for: Income taxes |
CONDENSED_FINANCIAL_STATEMENTS
CONDENSED FINANCIAL STATEMENTS | 6 Months Ended |
Oct. 31, 2013 | |
Notes to Financial Statements | |
NOTE 1 - CONDENSED FINANCIAL STATEMENTS | The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at October 31, 2013, and for all periods presented herein, have been made. In October 2012, the Company approved and effected a name change to One Clean Planet, Inc. |
Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s April 30, 2013 audited financial statements. The results of operations for the periods ended October 31, 2013 and the same period last year are not necessarily indicative of the operating results for the full years. |
GOING_CONCERN
GOING CONCERN | 6 Months Ended |
Oct. 31, 2013 | |
Notes to Financial Statements | |
NOTE 2 - GOING CONCERN | The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $115,136, an accumulated deficit of $130,912 and net loss from operations since inception of $130,912. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company is funding its initial operations by way of issuing Founder’s shares. |
In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. | |
The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |
CAPITAL_STOCK
CAPITAL STOCK | 6 Months Ended |
Oct. 31, 2013 | |
Notes to Financial Statements | |
NOTE 3 - CAPITAL STOCK | The Company’s capitalization is 550,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued. |
At October 31, 2013 and April 30, 2013, the Company had 350,515,800 issued and outstanding. All share information has been retroactively stated to reflect the 526.3:1 forward split approved on October 10, 2012. | |
On April 30, 2009, the President was issued 4,999,850,000 common shares for cash, which was received on October 8, 2009. | |
During June and July of 2010, the Company issued 139,995,800 common shares for subscriptions receivable. | |
In August 2010, the Company received payment for the 139,995,800 shares of common stock issued in June and July of 2010 at $0.0000449 per share for a total of $6,286. | |
On October 23, 2012, the founder redeemed 9,100,000 pre-split shares (4,789,330,000 post-split) for an aggregate purchase price of $10. The Company retired these shares. | |
As of October 31, 2013, the Company has not granted any stock options and has not recorded any stock-based compensation. |
RELATED_PARTY_TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Oct. 31, 2013 | |
Notes to Financial Statements | |
NOTE 4 - RELATED PARTY TRANSACTIONS | As of October 31, 2013 and April 30, 2013, the Company has received $34,998 and $26,283, respectively, in loans and payment of expenses from a related party. The loans are payable on demand and without interest. As of October 31, 2013 and April 30, 2013, a second related party has paid expenses of $21,883 and $20,383, respectively, on behalf of the Company. These amounts are separately stated on the Balance Sheet and are due on demand with no interest. |
RECENT_ACCOUNTING_PRONOUNCEMEN
RECENT ACCOUNTING PRONOUNCEMENTS | 6 Months Ended |
Oct. 31, 2013 | |
Notes to Financial Statements | |
NOTE 5 - RECENT ACCOUNTING PRONOUNCEMENTS | The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement. |
SUBSEQUENT_EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Oct. 31, 2013 | |
Notes to Financial Statements | |
NOTE 6 - SUBSEQUENT EVENTS | The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and has determined that there are no further events to disclose. |
GOING_CONCERN_Details_Narrativ
GOING CONCERN (Details Narrative) (USD $) | 3 Months Ended | 6 Months Ended | 55 Months Ended | |||
Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Apr. 30, 2013 | |
Going Concern Details Narrative | ||||||
Working capital deficit | $115,136 | $115,136 | $115,136 | |||
Accumulated deficit | 130,912 | 130,912 | 130,912 | 107,067 | ||
Net loss from operations | ($4,395) | ($6,924) | ($23,845) | ($10,374) | ($130,912) |
CAPITAL_STOCK_Details_Narrativ
CAPITAL STOCK (Details Narrative) (USD $) | Oct. 31, 2013 | Apr. 30, 2013 |
Capital Stock Details Narrative | ||
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 550,000,000 | 550,000,000 |
Common stock, shares issued | 350,515,800 | 350,515,800 |
Common stock, shares outstanding | 350,515,800 | 350,515,800 |
RELATED_PARTY_TRANSACTIONS_Det
RELATED PARTY TRANSACTIONS (Details Narrative) (USD $) | Oct. 31, 2013 | Apr. 30, 2013 |
Related Party Transactions Details Narrative | ||
Loans from related party | $34,998 | $26,283 |
Accounts payable - related party | $21,883 | $20,383 |