XT Energy (XTEG) 10-Q/A 10 Sep 15 2014 Q1 Quarterly report (amended) Financial data

Document And Entity Information

Document And Entity Information - Oct. 31, 2013 - shares	Total
Document Information [Line Items]
Entity Registrant Name	XIANGTIAN (USA) AIR POWER CO., LTD.
Document Type	10-Q
Document Period End Date	Oct. 31, 2013
Amendment Flag	true
Entity Central Index Key	1,472,468
Current Fiscal Year End Date	--07-31
Entity Common Stock, Shares Outstanding	325,000,000
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	2,014
Document Fiscal Period Focus	Q1
Amendment Description	Xiangtian (USA) Air Power Co., Ltd. (together with its subsidiaries, the “Company” sometimes referred to as “we”, “us” or “our”) is filing this amendment (this “Amendment” or “Form 10Q/A”) to its Quarterly Report on Form 10-Q for the period October 31, 2013, originally filed on December 16, 2013, as amended on November 12, 2014, (the “Original Form 10-Q”) to reflect the restatement of its consolidated financial statements for the period ended October 31, 2013, and related disclosures described below. The restatement of the Original Form 10-Q reflected in this Amendment corrects errors principally related to our omission of subscription receivable in the aggregate amount of $317,000 in the consolidated financial statements, and revises the disclosure of acquisitions and consolidation of variable interest entity. Concurrently with the filing of this Amendment, we are also filing an amendment to our Annual Report on Form 10-K for the fiscal year ended July 31, 2014, as well as Quarterly Report on Form 10-Q for the second and third quarters in the fiscal year ended July 31, 2014, and first three fiscal quarters in the fiscal year ended July 31, 2015 to reflect the restatement of our consolidated financial statements as of and for the fiscal year and the rest of the fiscal quarters, which reflects the correction of the same type of error with respect to such period. Original Form 10-Q as listed in “Items Amended by this Filing” below, as a result of the restatement of our financial statements. Other disclosures in the Original Form 10-Q remain unchanged. We have also updated the signature page, the certifications of our Chief Executive Officer and Acting Principal Financial Officer in Exhibits 31.1, 31.2, 32.1 and 32.2. No other sections were affected, but for the convenience of the reader, this report on Form 10-Q/A restates in its entirety, as amended, our Original Form 10-Q. This report on Form 10- Q/A is presented as of the filing date of the Original Form 10-Q and does not reflect events occurring subsequent to the date of the Original Form 10-Q.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Oct. 31, 2013	Jul. 31, 2013
Current assets
Cash	$ 5,820	$ 4,430
Total assets	5,820	4,430
Current liabilities
Accounts payable and accrued liabilities	0	1,500
Advances from related parties	192,718	94,530
Amount due to director	2,121	1,838
Total liabilities	194,839	97,868
STOCKHOLDERS’ DEFICIT
Preferred stock: $0.001 par value, 100,000,000 shares authorized, none issued and outstanding	0	0
Common stock: $0.001 par value, 1,000,000,000 shares authorized, 325,000,000 and 8,000,000 shares issued and outstanding as of October 31, 2013 and July 31, 2013 respectively	325,000	8,000
Additional paid-in capital	76,460	74,960
Subscription receivable	(317,000)	0
Deficit accumulated during the development stage	(273,477)	(176,398)
Accumulated other comprehensive loss	(2)	0
Total stockholders’ deficit	(189,019)	(93,438)
Total liabilities and stockholders’ deficit	$ 5,820	$ 4,430

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 31, 2013	Jul. 31, 2013
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	325,000,000	8,000,000
Common stock, shares outstanding	325,000,000	8,000,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		62 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Revenue:	$ 0	$ 0	$ 0
General and administrative	97,081	21,440	269,378
Loss from continuing operations	(97,081)	(21,440)	(269,378)
Loss from discontinued operations	0	0	(4,099)
Net loss	$ (97,081)	$ (21,440)	$ (273,477)
Net loss per common share - basic and diluted
Continuing operations (in dollars per share)	$ 0	$ 0	$ 0
Discontinued operations (in dollars per share)	0	0	0
Total (in dollars per share)	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding - basic and diluted (in shares)	142,380,435	8,000,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		62 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Cash flows from operating activities:
Net loss	$ (97,081)	$ (21,440)	$ (273,477)
Net loss from discontinued operation	0	0	4,099
Net loss from continuing operation, net of income taxes	(97,081)	(21,440)	(269,378)
Adjustments to reconcile net loss to net cash used in operating activities:
Donated rent	1,500	1,500	9,000
Changes in operating assets and liabilities:
Prepaid expense	0	12,913	0
Accounts payable and accrued liabilities	(1,500)	2,945	16,361
Net cash used in operating activities	(97,081)	(4,082)	(244,017)
Cash flows from financing activities:
Proceeds from issuances of common stock		0	55,000
Advances from related parties	98,187	4,045	192,718
Amount due to director	284	0	2,121
Net cash provided by financing activities	98,471	4,045	249,839
Net change in cash	1,390	(37)	5,822
Foreign exchange gain/(loss)	0	0	(2)
Cash - beginning of period from continued operations	4,430	97	0
Cash - end of period from continued operations	5,820	60	5,820
Discontinued operations:
Net cash used in operating activities	0		(10,393)
Net cash provided by financing activities	0		10,393
Net change in cash from discontinued operations	0
Cash - beginning of period from discontinued operations	0
Cash - end of period from discontinued operations	0	0	0
Supplemental cash flows information:
Cash paid for interest	0	0	0
Cash paid for income tax	0	0	0
Non-cash investing and financing transactions:
Debt forgiveness from sale of Goa Excursion	$ 0	$ 0	$ 20,460

NATURE OF OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Oct. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 - NATURE OF OPERATIONS Xiangtian (USA) Air Power Co., Ltd. (the “Company”) was incorporated in the State of Delaware on September 2, 2008 as Goa Sweet Tours Ltd. The Company was originally formed to provide personalized concierge tour packages to tourists who visit the State of Goa, India. On April 17, 2012, the Company entered into Share Purchase Agreements, by and among, Luck Sky International Investment Holdings Limited (“Lucky Sky”), an entity owned and controlled by Zhou Deng Rong, and certain of our former stockholders who owned, in the aggregate, 7,200,000 90 235,000 On May 1, 2012, the Company sold its Indian subsidiary, Goa Excursion Private Limited (“Goa Excursion”), to Iqbal Boga for a total value of $ 10 On May 25, 2012, the Company formed a corporation under the laws of the State of Delaware called Xiangtian (USA) Air Power Co., Ltd. ("Merger Sub") and on the same day, acquired one hundred shares of Merger Sub's common stock for cash. As such, Merger Sub became a wholly-owned subsidiary of the Company. Effective as of May 29, 2012, Merger Sub was merged with and into the Company. As a result of the merger, the Company’s name was changed to “Xiangtian (USA) Air Power Co., Ltd.”. Prior to the merger, Merger Sub had no liabilities and nominal assets and, as a result of the merger, the separate existence of the Merger Sub ceased. The Company was the surviving corporation in the merger and, except for the name change provided for in the Agreement and Plan of Merger, there was no change in the directors, officers, capital structure or business of the Company. On June 26, 2013, Luck Sky Holdings Limited was incorporated as a BVI Business Company in the British Virgin Islands, with 100 50,000 1.00 On September 15, 2013, the Company entered into an acquisition agreement by means of a merger of Luck Sky (Hong Kong) Shares Limited (“HK Shares”), a Hong Kong corporation, for 250,000,000 The Company is a development stage company as defined by ASC 915 and since inception the Company has not generated consistent revenues and has incurred a cumulative net loss as reflected in the consolidated financial statements. The Company has minimal assets and has incurred losses since inception. The Company's limited start-up operations have consisted of the formation of the Company business plan and identification of the Company's target market.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s consolidated financial statements are expressed in U.S. dollars. The preparation of consolidated 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 period. Actual results could differ from those estimates. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Luck sky (Hong Kong) Shares Limited and Luck Sky Holdings Limited. All significant intercompany balances and transactions have been eliminated in consolidation. Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses. The Company sold out its Indian subsidiary, Goa Excursion, on May 1, 2012. Goa Excursion has been reflected as discontinued operations for periods presented in the Company’s consolidated financial statements. Accordingly, the revenues, costs, expenses, assets, and liabilities of the Goa Excursion have been reported separately in the consolidated statements of operations and consolidated balance sheets for all periods presented. The results of discontinued operations do not reflect any allocation of the Company’s general and administrative expenses. The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. The expense was related to legal and professional fees, and the payment was recorded as an amount due to entity director. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. 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 or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. At October 31, 2013 and July 31, 2013, a full deferred tax asset valuation allowance has been provided and no deferred tax asset benefit has been recorded. The Company’s functional currency is United States (“U.S.”) dollars as substantially all of the Company’s operations use this denomination. The consolidated financial statements are presented in U.S. dollars. Foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Non-monetary assets and liabilities are translated at the exchange rates prevailing at the transaction date. Revenues and expenses are translated at average rates of exchange during the year. Gains or losses resulting from foreign currency transactions are included in results of operations. Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted earnings per common share gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. Earnings per share exclude all potential dilutive shares of common stock if their effect is anti-dilutive. There were no potential dilutive securities outstanding during the three months ended October 31, 2013 or 2012. The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flows.

RESTATEMENT OF CONSOLIDATED FIN

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS	3 Months Ended
	Oct. 31, 2013
Accounting Changes and Error Corrections [Abstract]
RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS	NOTE 3 – RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS The Company corrected the accounting treatment regarding the omission of subscription receivables in the consolidated financial statements in the aggregate amount of $ 31 ,000 , and the made revision for the footnotes of acquisitions made with related parties whose identity and stock ownership had been previously disclosed and the consolidation of a variable interest entity to reflect a more accurate disclosure. In addition to the restatement of our consolidated financial statements, we have also restated the following items to reflect certain changes noted above. Note 1 - NATURE OF OPERATIONS Note 2 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Note 4 - ACQUISITIONS Note 7 - RELATED PARTY TRANSACTIONS Note 8 - CAPITAL STOCK AND EQUITY TRANSACTIONS Note 9 - CONTINGENCIES As of and for the Period Ended October 31, 2013 Previously Adjustments Restated Consolidated Balance Sheets STOCKHOLDERS’ EQUITY Common stock: $0.001 par value, 1,000,000,000 shares authorized, 325,000,000 and 8,000,000 shares issued and outstanding as of October 31, 2013 and July 31, 2013 respectively $ 258,000 $ 67,000 $ 325,000 Additional paid-in capital (173,540) 250,000 76,460 Subscription receivable - (317,000) (317,000) For the three months ended October 31, 2013, Weighted average number of common shares outstanding - basic and diluted 111,260,870 31,119,565 142,380,435

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Oct. 31, 2013
Business Combinations [Abstract]
ACQUISITIONS	NOTE 4 – ACQUISITIONS Acquisition of Luck Sky (Hong Kong) Shares Limited (“HK Shares”) On September 15, 2013, the Company entered into an agreement to acquire HK Shares, a Hong Kong corporation, for 250,000,000 41 250,000,000 250,000,000 0.001 250,000 HK Shares was formed in September 24, 2013 and issued 250,000,000 0.001 250,000 The Company valued the 250,000,000 250,000 0.001

GOING CONCERN

GOING CONCERN	3 Months Ended
	Oct. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 5- GOING CONCERN The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company has incurred losses since its inception resulting in an accumulated deficit of $ 273,477 Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or the private placement of the Company’s common stock.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Oct. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	NOTE 6- DISCONTINUED OPERATIONS For the three months ended October 31, 2013 and 2012 and the period from September 2, 2008 (inception) to October 31, 2013, the amounts reported in loss from discontinued operations comprised operating expenses of $ 0 0 4,099

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Oct. 31, 2013
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7- RELATED PARTY TRANSACTIONS From time to time, the Company receives advances from its related parties. As of October 31, 2013 and July 31, 2013, the Company had advances from related parties of $ 194,839 96,367 On September 15, 2013, the Company entered into an agreement to acquire HK Shares, a Hong Kong corporation, for 250,000,000 41 250,000,000 250,000,000 0.001 250,000 HK Shares was formed in September 24, 2013 and issued 250,000,000 0.001 250,000

CAPITAL STOCK AND EQUITY TRANSA

CAPITAL STOCK AND EQUITY TRANSACTIONS	3 Months Ended
	Oct. 31, 2013
Equity [Abstract]
CAPITAL STOCK AND EQUITY TRANSACTIONS	NOTE 8- CAPITAL STOCK AND EQUITY TRANSACTIONS Common Stock The total number of common shares authorized that may be issued by the Company is 1,000,000,000 0.001 During the year ended July 31, 2009, the Company issued 5,000,000 25,000 During the year ended July 31, 2010, the Company sold 3,000,000 30,000 Effective as of September 24, 2013, Luck sky (Hong Kong) Shares Limited was merged with and into the Company. As a result of the merger, Luck sky (Hong Kong) Shares Limited shareholders received one share of common stock for every share of Luck sky (Hong Kong) Shares Limited common stock they owned for a total of 250,000,000 On September 23, 2013, the Company issued a total of 67,000,000 0.001 60,000,000 7,000,000 67,000,000 67,000 0.001 Preferred Stock The total number of preferred shares authorized that may be issued by the Company is 100,000,000 0.001

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Oct. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	NOTE 9 – CONTINGENCIES On September 23, 2013, the Company issued 60,000,000 0.001 7,000,000 67,000,000 67,000 0.001 67,000,000 0.00

BASIS OF PRESENTATION AND SUM15

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s consolidated financial statements are expressed in U.S. dollars.
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of consolidated 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 period. Actual results could differ from those estimates.
Consolidation	Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Luck sky (Hong Kong) Shares Limited and Luck Sky Holdings Limited. All significant intercompany balances and transactions have been eliminated in consolidation.
Reclassification	Reclassification Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses.
Discontinued Operations	Discontinued Operations The Company sold out its Indian subsidiary, Goa Excursion, on May 1, 2012. Goa Excursion has been reflected as discontinued operations for periods presented in the Company’s consolidated financial statements. Accordingly, the revenues, costs, expenses, assets, and liabilities of the Goa Excursion have been reported separately in the consolidated statements of operations and consolidated balance sheets for all periods presented. The results of discontinued operations do not reflect any allocation of the Company’s general and administrative expenses.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.
General and Administrative Expense	General and Administrative Expense The expense was related to legal and professional fees, and the payment was recorded as an amount due to entity director.
Income Taxes	Income Taxes A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. 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 or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. At October 31, 2013 and July 31, 2013, a full deferred tax asset valuation allowance has been provided and no deferred tax asset benefit has been recorded.
Foreign Currency Translation	Foreign Currency Translation The Company’s functional currency is United States (“U.S.”) dollars as substantially all of the Company’s operations use this denomination. The consolidated financial statements are presented in U.S. dollars. Foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Non-monetary assets and liabilities are translated at the exchange rates prevailing at the transaction date. Revenues and expenses are translated at average rates of exchange during the year. Gains or losses resulting from foreign currency transactions are included in results of operations.
Earnings (Loss) per Share	Earnings (Loss) per Share Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted earnings per common share gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. Earnings per share exclude all potential dilutive shares of common stock if their effect is anti-dilutive. There were no potential dilutive securities outstanding during the three months ended October 31, 2013 or 2012.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flows.

RESTATEMENT OF CONSOLIDATED F16

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Tables)	3 Months Ended
	Oct. 31, 2013
Accounting Changes and Error Corrections [Abstract]
Condensed Financial Statements	As of and for the Period Ended October 31, 2013 Previously Adjustments Restated Consolidated Balance Sheets STOCKHOLDERS’ EQUITY Common stock: $0.001 par value, 1,000,000,000 shares authorized, 325,000,000 and 8,000,000 shares issued and outstanding as of October 31, 2013 and July 31, 2013 respectively $ 258,000 $ 67,000 $ 325,000 Additional paid-in capital (173,540) 250,000 76,460 Subscription receivable - (317,000) (317,000) For the three months ended October 31, 2013, Weighted average number of common shares outstanding - basic and diluted 111,260,870 31,119,565 142,380,435

NATURE OF OPERATIONS (Details T

NATURE OF OPERATIONS (Details Textual) - USD ($)	May. 01, 2012	Sep. 15, 2013	Oct. 31, 2013	Jul. 31, 2013	Jun. 26, 2013	May. 15, 2012
Proceeds from Divestiture of Interest in Consolidated Subsidiaries	$ 10
Business Acquisition, Percentage of Voting Interests Acquired					100.00%
Common stock, shares authorized			1,000,000,000	1,000,000,000
Common stock, par value			$ 0.001	$ 0.001
Luck Sky Holdings Limited [Member]
Common stock, shares authorized					50,000
Common stock, par value					$ 1
LuckSky Shares Limited [Member]
Stock Issued During Period, Shares, New Issues		250,000,000
Luck Sky International Investment Holding Limited [Member]
Ownership Percentage						90.00%
Shares Purchased						7,200,000
Shares Purchased Value						$ 235,000

RESTATEMENT OF CONSOLIDATED F18

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Details) - USD ($)	Oct. 31, 2013	Jul. 31, 2013
STOCKHOLDERS’ DEFICIT
Common stock: $0.001 par value, 1,000,000,000 shares authorized, 325,000,000 and 8,000,000 shares issued and outstanding as of October 31, 2013 and July 31, 2013 respectively	$ 325,000	$ 8,000
Additional paid-in capital	76,460	74,960
Subscription receivable	(317,000)	$ 0
Scenario, Previously Reported [Member]
STOCKHOLDERS’ DEFICIT
Common stock: $0.001 par value, 1,000,000,000 shares authorized, 325,000,000 and 8,000,000 shares issued and outstanding as of October 31, 2013 and July 31, 2013 respectively	258,000
Additional paid-in capital	(173,540)
Subscription receivable	0
Restatement Adjustment [Member]
STOCKHOLDERS’ DEFICIT
Common stock: $0.001 par value, 1,000,000,000 shares authorized, 325,000,000 and 8,000,000 shares issued and outstanding as of October 31, 2013 and July 31, 2013 respectively	67,000
Additional paid-in capital	250,000
Subscription receivable	$ (317,000)

RESTATEMENT OF CONSOLIDATED F19

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Details 1) - shares	3 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
STOCKHOLDERS’ DEFICIT
Weighted average number of common shares outstanding - basic and diluted	142,380,435	8,000,000
Scenario, Previously Reported [Member]
STOCKHOLDERS’ DEFICIT
Weighted average number of common shares outstanding - basic and diluted	111,260,870
Restatement Adjustment [Member]
STOCKHOLDERS’ DEFICIT
Weighted average number of common shares outstanding - basic and diluted	31,119,565

RESTATEMENT OF CONSOLIDATED F20

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Details Textual) - USD ($)	Oct. 31, 2013	Jul. 31, 2013
Change in Accounting Estimate [Line Items]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	325,000,000	8,000,000
Common Stock, Shares, Outstanding	325,000,000	8,000,000
Common Stock, Value, Subscriptions	$ (317,000)	$ 0

ACQUISITIONS (Details Textual)

ACQUISITIONS (Details Textual) - USD ($)	1 Months Ended			3 Months Ended
	Sep. 24, 2013	Sep. 23, 2013	Sep. 15, 2013	Oct. 31, 2013
Stock Issued During Period, Shares, Acquisitions		250,000,000
Common Stock [Member]
Stock Issued During Period, Shares, Acquisitions		250,000,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares				250,000,000
Sale of Stock, Price Per Share				$ 0.001
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned				$ 250,000
Common Stock [Member] | 24 Shareholders [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	250,000,000
Sale of Stock, Price Per Share	$ 0.001
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 250,000
Luck Sky (Hong Kong) Shares Limited [Member] | Common Stock [Member]
Stock Issued During Period, Shares, Acquisitions			250,000,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage			41.00%
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		250,000,000
Sale of Stock, Price Per Share		$ 0.001
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned		$ 250,000

GOING CONCERN (Details Textual)

GOING CONCERN (Details Textual)	Oct. 31, 2013USD ($)
Accumulated deficit	$ 273,477

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details Textual) - USD ($)	3 Months Ended		62 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Loss reported from discontinued operations	$ 0	$ 0	$ (4,099)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	1 Months Ended			3 Months Ended
	Sep. 24, 2013	Sep. 23, 2013	Sep. 15, 2013	Oct. 31, 2013	Jul. 31, 2013
Related Party Transaction [Line Items]
Advances from related parties				$ 192,718	$ 94,530
Stock Issued During Period, Shares, Acquisitions		250,000,000
Common Stock [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, Acquisitions		250,000,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares				250,000,000
Sale of Stock, Price Per Share				$ 0.001
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned				$ 250,000
Lucksky Hong Kong Shares Limited [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, Acquisitions			250,000,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage			41.00%
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		250,000,000
Sale of Stock, Price Per Share		$ 0.001
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned		$ 250,000
24 Shareholders [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	250,000,000
Sale of Stock, Price Per Share	$ 0.001
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 250,000

CAPITAL STOCK AND EQUITY TRAN25

CAPITAL STOCK AND EQUITY TRANSACTIONS (Details Textual) - USD ($)	1 Months Ended		12 Months Ended
	Sep. 24, 2013	Sep. 23, 2013	Jul. 31, 2010	Jul. 31, 2009	Oct. 31, 2013	Jul. 31, 2013
Common Stock Shares Authorized					1,000,000,000	1,000,000,000
Common Stock Par Or Stated Value Per Share					$ 0.001	$ 0.001
Preferred stock, shares authorized					100,000,000	100,000,000
Preferred Stock Par Or Stated Value Per Share					$ 0.001	$ 0.001
Sale of Stock, Number of Shares Issued in Transaction	250,000,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross		67,000,000
Restricted Stock, Par or Stated Value Per Share		$ 0.001
Common stock, shares issued					325,000,000	8,000,000
Common stock value					$ 325,000	$ 8,000
Non Related Parties [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross		7,000,000
Consultant [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross		60,000,000
Restricted Stock, Par or Stated Value Per Share		$ 0.001
Common Stock [Member]
Common Stock Par Or Stated Value Per Share					$ 0.001
Development Stage Entities, Stock Issued, Shares, Issued for Cash			3,000,000	5,000,000
Development Stage Entities, Stock Issued, Value, Issued for Cash			$ 30,000	$ 25,000
Common stock, shares issued					67,000,000
Common stock value					$ 67,000

CONTINGENCIES (Details Textual)

CONTINGENCIES (Details Textual) - USD ($)	1 Months Ended	3 Months Ended
	Sep. 23, 2013	Oct. 31, 2013	Jul. 31, 2013
Stock Issued During Period, Shares, Restricted Stock Award, Gross	67,000,000
Common stock, par value		$ 0.001	$ 0.001
Restricted Stock, Par or Stated Value Per Share	$ 0.001
Common stock, shares issued		325,000,000	8,000,000
Common stock value		$ 325,000	$ 8,000
Common Stock [Member]
Common stock, par value		$ 0.001
Common stock, shares issued		67,000,000
Common stock value		$ 67,000
Restricted Stock [Member]
Weighted Average Number of Shares Outstanding, Diluted		67,000,000
Earnings Per Share, Diluted		$ 0
Non Related Parties [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	7,000,000
Consultant [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	60,000,000
Restricted Stock, Par or Stated Value Per Share	$ 0.001