Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Jul. 31, 2015 | Sep. 19, 2015 | |
Document And Entity Information | ||
Entity Registrant Name | Kashin, Inc. | |
Entity Central Index Key | 1,467,845 | |
Document Type | 10-Q | |
Document Period End Date | Jul. 31, 2015 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --04-30 | |
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 | 10,014,745 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,016 |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Jul. 31, 2015 | Apr. 30, 2015 |
CURRENT ASSETS | ||
Cash | $ 25 | $ 2,720 |
TOTAL CURRENT ASSETS | 25 | $ 2,720 |
CURRENT LIABILITIES | ||
Bank Overdraft | 1,552 | |
Notes Payable | 100,000 | |
Accounts payable and accrued liabilities | 76,147 | $ 129,642 |
Accounts payable - related party | 21,883 | 21,883 |
Loans from related party | 36,914 | 36,913 |
TOTAL CURRENT LIABILITIES | 236,495 | 188,437 |
STOCKHOLDERS' EQUITY ( DEFICIT ) | ||
Capital stock Authorized 75,000,000 shares of common stock, $0.001 par value, Issued and outstanding 10,014,745 shares at July 31, 2015 and at April 30, 2015 | 10,015 | 10,015 |
Additional Paid in Capital | 5,762 | 5,762 |
Accumulated deficit | (252,246) | (201,493) |
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT) | (236,470) | (185,717) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) | $ 25 | $ 2,720 |
CONDENSED BALANCE SHEETS (Paren
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares | Jul. 31, 2015 | Apr. 30, 2015 |
STOCKHOLDERS' EQUITY ( DEFICIT ) | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 10,014,745 | 10,014,745 |
Common stock, shares outstanding | 10,014,745 | 10,014,745 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS - USD ($) None in scaling factor is -9223372036854775296 | 3 Months Ended | |
Jul. 31, 2015 | Jul. 31, 2014 | |
REVENUE | ||
Revenues | $ 5,000 | |
Total Revenues | 5,000 | |
EXPENSES | ||
Office and general | 49,523 | $ 357 |
Professional Fees | 6,500 | 4,250 |
Total Expenses, before provision of income taxes | $ 55,753 | $ 4,607 |
Provision for income taxes | ||
NET LOSS | $ (50,753) | $ (4,607) |
BASIC AND DILUTED LOSS PER COMMON SHARE | ||
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 10,014,745 | 10,014,745 |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | 76 Months Ended | |
Jul. 31, 2015 | Jul. 31, 2014 | Jul. 31, 2015 | |
OPERATING ACTIVITIES | |||
Net Loss | $ (50,753) | $ (4,607) | $ 252,246 |
Adjustment to reconcile net loss to net cash used in operating activities: | |||
Expenses paid on company's behalf by related party | $ 3,253 | ||
Bank Overdraft | $ 1,552 | ||
Increase (decrease) in accrued expenses | (53,494) | $ (3,646) | |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ (102,695) | $ (5,000) | |
FINANCING ACTIVITIES | |||
Proceeds from sale of common stock | |||
Notes Payable | $ 100,000 | ||
Loans from Related Party | $ 5,000 | ||
NET CASH PROVIDED BY FINANCING ACTIVITIES | $ 100,000 | $ 5,000 | |
NET INCREASE (DECREASE) IN CASH | (2,695) | ||
CASH, BEGINNING OF PERIOD | 2,720 | $ 79 | |
CASH, END OF PERIOD | $ 25 | $ 79 | $ 25 |
Supplemental cash flow & noncash financing activities: | |||
Cash paid for: Interest | |||
Cash paid for: Income taxes |
NATURE OF OPERATIONS AND BASIS
NATURE OF OPERATIONS AND BASIS OF PRESENTATION | 3 Months Ended |
Jul. 31, 2015 | |
Notes to Financial Statements | |
NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION | 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 July 31, 2015, and for all periods presented herein, have been made. On July 27, 2015, the Company approved and effected a name change to Kashin, 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, 2015 audited financial statements. The results of operations for the periods ended July 31, 2015 and the same period last year are not necessarily indicative of the operating results for the full years. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Jul. 31, 2015 | |
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 $236,470, an accumulated deficit of $252,246 and net loss from operations since inception of $252,246. 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. |
CAPITAL STOCK
CAPITAL STOCK | 3 Months Ended |
Jul. 31, 2015 | |
Notes to Financial Statements | |
NOTE 3 - CAPITAL STOCK | The Company's capitalization was reduced to 75,000,000 common shares with a par value of $0.001 per share on July 27, 2015. No preferred shares have been authorized or issued. As of July 31, 2015, the Company has not granted any stock options and has not recorded any stock-based compensation. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Jul. 31, 2015 | |
Notes to Financial Statements | |
NOTE 4 - RELATED PARTY TRANSACTIONS | As of July 31, 2015 and April 30, 2015, the Company has received $36,914 and $36,913, respectively, in loans and payment of expenses from a related party. The loans are payable on demand and without interest. As of July 31, 2015 and April 30, 2015, a second related party has paid expenses of $21,883 and $21,883 respectively, on behalf of the Company. These amounts are separately stated on the Balance Sheet and are due on demand with no interest. |
RECENT ACCOUNTING PRONOUNCEMENT
RECENT ACCOUNTING PRONOUNCEMENTS | 3 Months Ended |
Jul. 31, 2015 | |
Notes to Financial Statements | |
NOTE 5 - RECENT ACCOUNTING PRONOUNCEMENTS | The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company's financial statement. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Jul. 31, 2015 | |
Notes to Financial Statements | |
NOTE 6 - SUBSEQUENT EVENTS | The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and has determined that there are no further events to disclose. |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 76 Months Ended | ||
Jul. 31, 2015 | Jul. 31, 2014 | Jul. 31, 2015 | Apr. 30, 2015 | |
Going Concern Details Narrative | ||||
Working capital deficit | $ (236,470) | $ (236,470) | $ (185,717) | |
Accumulated deficit | (252,246) | (252,246) | $ (201,493) | |
Net loss from operations | $ (50,753) | $ (4,607) | $ 252,246 |
CAPITAL STOCK (Details Narrativ
CAPITAL STOCK (Details Narrative) - $ / shares | Jul. 31, 2015 | Apr. 30, 2015 |
Capital Stock Details Narrative | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 10,014,745 | 10,014,745 |
Common stock, shares outstanding | 10,014,745 | 10,014,745 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Jul. 31, 2015 | Apr. 30, 2015 |
Related Party Transactions Details Narrative | ||
Loans from related party | $ 36,914 | $ 36,913 |
Accounts payable - related party | $ 21,883 | $ 21,883 |