All Things Mobile Analytic (ATMH) 10-Q 23 Dec 13 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Oct. 31, 2013	Dec. 20, 2013
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Toron Inc.	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--01-31	'
Entity Common Stock, Shares Outstanding	'	343,589,316
Amendment Flag	'false	'
Entity Central Index Key	'0001484674	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-Oct-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

TORON_INC_AND_SUBSIDIARY_Conso

TORON, INC. AND SUBSIDIARY - Consolidated Balance Sheets (Unaudited) (USD $)	Oct. 31, 2013	Jan. 31, 2013
Current Assets	'	'
Cash	$2,000	'
Total Assets	2,000	0
Current Liabilities	'	'
Accounts payable and accrued liabilities	91,309	73,454
Advances	270,145	242,625
Due to related parties	57,457	41,305
Derivative liability	19,116	86,518
Convertible debt	1,550	48,750
Total Liabilities	439,577	492,652
Common stock, 850,000,000 shares authorized, $0.001 par value; 328,339,316 and 211,290,000 shares issued and outstanding at October 31, 2013 and January 31, 2013, respectively	328,339	211,290
Additional paid-in capital	1,422,888	1,433,890
Deficit accumulated during the development stage	-53,843	-53,843
Deficit accumulated during the exploration stage	-2,134,961	-2,083,989
Total Stockholders’ Deficit	-437,577	-492,652
Total Liabilities and Stockholders’ Deficit	$2,000	$0

TORON_INC_AND_SUBSIDIARY_Conso1

TORON, INC. AND SUBSIDIARY - Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)	Oct. 31, 2013	Jan. 31, 2013
Common stock, shares authorized	850,000,000	850,000,000
Common stock, $0.001 par value (in Dollars per share)	$0.00	$0.00
Common stock, shares issued	328,339,316	211,290,000
Common stock, shares outstanding	328,339,316	211,290,000

TORON_INC_AND_SUBSIDIARY_Conso2

TORON, INC. AND SUBSIDIARY- Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended		70 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Operating Expenses	'	'	'	'	'
General and administrative	$14,702	$26,059	$55,414	$107,627	$279,124
Exploration costs	'	'	'	7,149	7,149
Impairment loss on mineral properties	'	'	'	1,438,750	1,725,550
Total Operating Expenses	14,702	26,059	55,414	1,553,526	2,011,823
Other (Income) Expenses	'	'	'	'	'
(Gain) loss on derivative liability	9,601	23,026	-8,555	31,811	45,940
Accretion of discount on convertible debt	'	5,379	'	11,315	37,500
Amortization of deferred financing costs	'	834	'	968	2,500
Interest expense	891	756	4,113	912	37,198
Total Other (Income) Expenses	10,492	29,995	-4,442	45,006	123,138
Loss From Continuing Operations	-25,194	-56,054	-50,972	-1,598,532	-2,134,961
Loss from Discontinued Operations	'	'	'	'	-53,843
Net Loss	($25,194)	($56,054)	($50,972)	($1,598,532)	($2,188,804)
Net Loss Per Share	'	'	'	'	'
Continuing Operations (in Dollars per share)	$0	$0	$0	($0.01)	'
Discontinued Operations (in Dollars per share)	$0	$0	$0	$0	'
Net Loss Per Share – Basic and Diluted (in Dollars per share)	$0	$0	$0	($0.01)	'
Weighted Average Shares Outstanding – Basic and Diluted (in Shares)	259,775,000	201,290,000	250,650,000	199,004,000	'

TORON_INC_AND_SUBSIDIARY_Conso3

TORON, INC. AND SUBSIDIARY - Consolidated Statement of Cash Flows (USD $)	9 Months Ended		70 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Cash Flows from Operating Activities	'	'	'
Net loss	($50,972)	($1,598,532)	($2,188,804)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Impairment loss on intangible asset, related to discontinued operations	'	'	6,000
Impairment loss on mineral properties	'	1,438,750	1,725,550
Change in fair value of derivative liability	-8,555	31,811	45,940
Amortization of deferred financing costs	'	968	2,500
Accretion of discount on convertible note	'	11,315	37,500
Interest on convertible note	'	'	29,803
Changes in operating assets and liabilities:	'	'	'
Accounts payable and accrued liabilities	17,855	37,790	91,309
Net Cash Used in Operating Activities	-41,672	-77,898	-250,202
Cash Flows from Investing Activities	'	'	'
Payments to acquire mineral properties	'	-60,000	-160,000
Acquisition of intangible asset	'	'	-6,000
Net Cash Used in Investing Activities	'	-60,000	-166,000
Cash Flows from Financing Activities	'	'	'
Bank indebtedness	'	27	'
Deferred financing costs	'	-2,500	-2,500
Proceeds from advances	27,520	107,625	270,145
Due to related parties	16,152	-5,244	57,457
Proceeds from issuance of convertible debt	'	37,500	37,500
Proceeds from the issuance of common stock, related to discontinued operations	'	'	55,600
Net Cash Provided by Financing Activities	43,672	137,408	418,202
Increase in Cash	2,000	-490	2,000
Cash - Beginning of Period	'	490	'
Cash - End of Period	2,000	'	2,000
Supplemental Information:	'	'	'
Interest paid	0	0	0
Income taxes paid	0	0	0
Supplemental disclosure of noncash investing and financing activities:	'	'	'
Common stock issued for mineral properties	'	$1,378,750	$1,565,550
Common stock issued upon conversion of convertible note (in Shares)	47,200	37,500	54,700

NOTE_1_ORGANIZATION_AND_BASIS_

NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION	9 Months Ended
	Oct. 31, 2013
Disclosure Text Block [Abstract]	'
Business Description and Basis of Presentation [Text Block]	'
	NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION
	Toron Inc. (the "Company") was incorporated in the State of Nevada on January 3, 2008. The Company was originally organized to develop and operate a web based resale business for domain names. On September 15, 2011, the Company incorporated its wholly-owned subsidiary, Toron Resources Inc. As a result, as of September 15, 2011 the Company is now engaged in the acquisition and exploration of mineral properties, and is in the Exploration Stage.
	These condensed consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in United States (US) dollars. The Company has not produced any revenue from its principal business and is an exploration stage company. Refer to Note 8  for factors affecting the Company’s ability to continue as a going concern.
	The balance sheet as of October 31, 2013 and the statements of operations and cash flows for the period presented have been prepared by the Company and are unaudited.  In the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows for all periods presented have been made.

NOTE_2_SIGNIFICANT_ACCOUNTING_

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation
	These consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States and are expressed in US dollars. The Company’s fiscal year end is January 31. The consolidated financial statements include the accounts of Toron Inc. and its 100% owned subsidiary, Toron Resources Inc. All significant intercompany balances and transactions have been eliminated upon consolidation.
	Use of Estimates
	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 these financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Long-Lived Assets
	In accordance with ASC 360, Property, Plant, and Equipment, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.
	Asset Retirement Obligations
	The Company follows the provisions of ASC 410 – 20, Asset Retirement Obligations which establishes standards for the initial measurement and subsequent accounting for obligations associated with the sale, abandonment or other disposal of long-lived tangible assets arising from the acquisition, construction or development and for normal operations of such assets. As at October 31, 2013, the Company does not have any asset retirement obligations.
	Cash and Cash Equivalents
	The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.
	Mineral property acquisition and exploration costs
	The cost of acquiring mineral properties or claims is initially capitalized and then tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Mineral exploration costs are expensed as incurred.
	Comprehensive Income
	ASC 220, Comprehensive Income establishes standards for the reporting and display of comprehensive income and its components in the financial statements. During the nine months ended October 31, 2013 and 2012, the Company had no items that represent other comprehensive income.
	Foreign Currency Translation
	The Company’s functional and reporting currency is the US dollar as substantially all of the Company’s operations are in United States.
	Assets and liabilities that are denominated in a foreign currency are translated at the exchange rate in effect at the year end and capital accounts are translated at historical rates.  Income statement accounts are translated at the average rates of exchange prevailing during the period.  Translation adjustments from the use of different exchange rates from period to period are included in the Comprehensive Income statement account in Stockholder’s Equity, if applicable.
	Transactions undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date.  If applicable, exchange gains and losses are included in general and administrative expense on the Statement of Operations.
	Basic and Diluted Loss Per Share
	The Company computes basic loss per share by dividing the net loss by the weighted average common shares outstanding during the period. There are no potential common shares; accordingly, diluted and basic loss per share amounts are the same.
	Fair Value of Financial Instruments
	The Company’s financial instruments consists of cash, accounts payable and accrued liabilities, advances, due to related parties, derivative liability and convertible debt. Due to the short maturities of these financial instruments, their fair value approximates their carrying value.
	Stock-based Compensation
	In accordance with ASC 718, Compensation – Stock Based Compensation and ASC 505, Equity Based Payments to Non-Employees, the Company accounts for share-based payments using the fair value method. Common shares issued to third parties for non-cash consideration are valued based on the fair market value of the services provided or the fair market value of the common stock on the measurement date, whichever is more readily determinable.
	Income Taxes
	Deferred income tax liabilities or assets at the end of each period are determined using the tax rate expected to be in effect when the taxes are actually paid or recovered. A valuation allowance is recognized on deferred tax assets when it is more likely than not that some or all of these deferred tax assets will not be realized.
	Recent Accounting Pronouncements
	The Company does not expect that the adoption of any recent accounting standards to have a material impact on its financial statements.
	Reclassifications
	Certain prior period amounts have been reclassified to conform to current period presentation

NOTE_3_STOCKHOLDERS_EQUITY

NOTE 3 - STOCKHOLDERS' EQUITY	9 Months Ended
	Oct. 31, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 3 – STOCKHOLDERS’ EQUITY
	On February 25, 2013, the Company issued 10,000,000 shares of common stock upon the conversion of $6,800 of the convertible note as described in Note 6.
	On March 8, 2013, the Company issued 8,000,000 shares of common stock upon the conversion of $5,600 of the convertible note as described in Note 6.
	On March 19, 2013, the Company issued 10,000,000 shares of common stock upon the conversion of $7,000 of the convertible note as described in Note 6.
	On March 27, 2013, the Company issued 10,000,000 shares of common stock upon the conversion of $5,300 of the convertible note as described in Note 6.
	On August 8, 2013, the Company increased their authorized shares of common stock from 250,000,000 shares of common stock to 850,000,000 shares of common stock.
	On August 27, 2013, the Company issued 12,272,727 shares of common stock upon the conversion of $5,400 of the convertible note as described in Note 6.
	On September 10, 2013, the Company issued 12,432,432 shares of common stock upon the conversion of $4,600 of the convertible note as described in Note 6.
	On October 4, 2013, the Company issued 13,571,429 shares of common stock upon the conversion of $3,800 of the convertible note as described in Note 6.
	On October 22, 2013, the Company issued 13,636,364 shares of common stock upon the conversion of $3,000 of the convertible note as described in Note 6.
	On October 25, 2013, the Company issued 13,636,364 shares of common stock upon the conversion of $3,000 of the convertible note as described in Note 6.
	On October 31, 2013, the Company issued 13,500,000 shares of common stock upon the conversion of $2,700 of the convertible note as described in Note 6.

NOTE_4_ADVANCES

NOTE 4 - ADVANCES	9 Months Ended
	Oct. 31, 2013
Advances [Abstract]	'
Advances	'
	NOTE 4 – ADVANCES
	As at October 31, 2013, the Company is indebted to three non-related parties in the amount of $270,145 (January 31, 2013 - $242,625). The amounts are unsecured, non-interest bearing and due on demand.

NOTE_5_RELATED_PARTY_TRANSACTI

NOTE 5 - RELATED PARTY TRANSACTIONS	9 Months Ended
	Oct. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 5 – RELATED PARTY TRANSACTIONS
	As at October 31, 2013, the Company was indebted to the former President of the Company in the amount of $15,000 (January 31, 2013 - $15,000) for consulting fees and $1,057 (January 31, 2013 - $1,105) for an advance of working capital and expenses paid on behalf of the Company.  The amounts are unsecured, non-interest bearing and due on demand.
	As at October 31, 2013, the Company was indebted to a director of the Company in the amount of $41,400 (January 31, 2013 - $25,200) for consulting fees.  The amounts are unsecured, non-interest bearing and due on demand.

NOTE_6_CONVERTIBLE_DEBT

NOTE 6 - CONVERTIBLE DEBT	9 Months Ended
	Oct. 31, 2013
Debt Instrument, Convertible, Terms of Conversion Feature [Abstract]	'
Debt Instrument, Convertible, Terms of Conversion Feature	'
	NOTE 6 – CONVERTIBLE DEBT
	On July 12, 2012, the Company entered into a Convertible Promissory Note agreement for $37,500. The Note bears interest at 8% per annum, and the principal amount and any interest thereon are due on April 16, 2013. Any principal or interest not paid when due, shall bear interest at 22% per annum. Pursuant to the agreement, the Note is convertible 180 days after issuance into shares of common stock at a variable conversion price equal to 55% of the average of the lowest three closing bid prices for the common stock during the 10 trading days prior to the date of the conversion notice.
	The Company has determined that the conversion feature in this note is not indexed to the Company’s stock, and is considered to be a derivative that requires bifurcation. The Company initially valued this derivative liability at $48,553 (with subsequent remeasurements as identified below) using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from 0.01% to 0.19%; Dividend rate of 0%; and, historical volatility rates ranging from 203% to 467%. Accordingly, the Company has recorded a discount on the convertible note of $37,500, a derivative liability of $48,553, and interest expense of $11,053. The discount on the convertible note is accreted over the term of the convertible note.
	On December 24, 2012, the Company failed to comply with the reporting requirement of the Exchange Act.  Pursuant to the agreement, the Note became immediately due and payable and the Company shall pay an amount equal to 150% times the sum of (a) the then outstanding principal amount plus (b) accrued and unpaid interest on the unpaid principal amount plus (c) default interest.  As a result, the new principal amount was increased from $37,500 to $56,250 and the Company recorded a penalty of $18,750 as interest expense in the statement of operations.  During the year ended January 31, 2013, the Company recorded accretion of $37,500.
	On January 22, 2013, the Company issued 10,000,000 shares of common stock upon the conversion of the principal amount of $7,500. The derivative liability at January 22, 2013 was $123,974 and $16,530 was reclassified to additional paid-in capital upon conversion of the principal amount of $7,500. The fair value of the derivative liability at January 22, 2013 was determined using the Black-Scholes model.
	On February 25, 2013, the Company issued 10,000,000 shares of common stock upon the conversion of principal amount of $6,800.  The derivative liability at February 25, 2013 was $69,233 and $9,657 was reclassified to additional paid-in-capital upon conversion of the principal amount of $6,800.  The fair value of the derivative liability at February 25, 2013 was determined using the Black-Scholes model.
	On March 8, 2013, the Company issued 8,000,000 shares of common stock upon the conversion of principal amount of $5,600.  The derivative liability at March 8, 2013 was $76,838 and $10,257 was reclassified to additional paid-in-capital upon conversion of the principal amount of $5,600.  The fair value of the derivative liability at March 8, 2013 was determined using the Black-Scholes model.
	On March 19, 2013, the Company issued 10,000,000 shares of common stock upon the conversion of principal amount of $7,000.  The derivative liability at March 19, 2013 was $46,189 and $8,895 was reclassified to additional paid-in-capital upon conversion of the principal amount of $7,000.  The fair value of the derivative liability at March 19, 2013 was determined using the Black-Scholes model.
	On March 27, 2013, the Company issued 10,000,000 shares of common stock upon the conversion of principal amount of $5,300.  The derivative liability at March 27, 2013 was $58,498 and $10,563 was reclassified to additional paid-in-capital upon conversion of the principal amount of $5,300.  The fair value of the derivative liability at March 27, 2013 was determined using the Black-Scholes model.
	On August 27, 2013, the Company issued 12,272,727 shares of common stock upon the conversion of principal amount of $5,400.  The derivative liability at August 27, 2013 was $46,043 and $10,338 was reclassified to additional paid-in-capital upon conversion of the principal amount of $5,400.  The fair value of the derivative liability at August 27, 2013 was determined using the Black-Scholes model.
	On September 10, 2013, the Company issued 12,432,432 shares of common stock upon the conversion of principal amount of $4,600.  The derivative liability at September 10, 2013 was $18,815 and $4,641 was reclassified to additional paid-in-capital upon conversion of the principal amount of $4,600.  The fair value of the derivative liability at September 10, 2013 was determined using the Black-Scholes model.
	On October 4, 2013, the Company issued 13,571,429 shares of common stock upon the conversion of principal amount of $3,800.  The derivative liability at October 4, 2013 was $21,426 and $5,795 was reclassified to additional paid-in-capital upon conversion of the principal amount of $3,800.  The fair value of the derivative liability at October 4, 2013 was determined using the Black-Scholes model.
	On October 22, 2013, the Company issued 13,636,364 shares of common stock upon the conversion of principal amount of $3,000.  The derivative liability at October 22, 2013 was $16,892 and $4,944 was reclassified to additional paid-in-capital upon conversion of the principal amount of $3,000.  The fair value of the derivative liability at October 22, 2013 was determined using the Black-Scholes model.
	On October 25, 2013, the Company issued 13,636,364 shares of common stock upon the conversion of principal amount of $3,000.  The derivative liability at October 25, 2013 was $9,163 and $3,791 was reclassified to additional paid-in-capital upon conversion of the principal amount of $3,000.  The fair value of the derivative liability at October 35, 2013 was determined using the Black-Scholes model.
	On October 31, 2013, the Company issued 13,500,000 shares of common stock upon the conversion of principal amount of $2,700.  The derivative liability at October 31, 2013 was $9,082 and $5,770 was reclassified to additional paid-in-capital upon conversion of the principal amount of $2,700.  The fair value of the derivative liability at October 31, 2013 was determined using the Black-Scholes model.
	At October 31, 2013, the principal balance and accrued interest owing was $1,550 and $7,395, respectively. On October 31, 2013, the fair value of the derivative liability related to the principal balance and the accrued interest balance was revalued at $3,312 and $15,804, respectively, using the Black-Scholes model.  Accordingly, during the nine months ended October 31, 2013, a gain of $8,555 and additional paid-in capital of $15,804 was recognized on the change in fair value of the derivative liability.

NOTE_7_MINERAL_PROPERTIES

NOTE 7 - MINERAL PROPERTIES	9 Months Ended
	Oct. 31, 2013
Table Text Block [Abstract]	'
Schedule of Capitalized Costs of Unproved Properties Excluded from Amortization [Table Text Block]	'
	NOTE 7 – MINERAL PROPERTIES
	a)       Effective August 23, 2011, the Company entered into a mining property acquisition agreement (the "Acquisition Agreement”) whereby the Company has agreed to acquire an undivided 100% interest in and to an aggregate of 62 mineral claims located in the Province of Quebec, Canada (the “Claims”).  Pursuant to the Acquisition Agreement, the Company agreed to pay $100,000 and issue an aggregate of 2,000,000 shares of common stock as follows:
	i.         Deposit: a non-refundable deposit of $5,000 to be paid to the Vendor upon signing of the Acquisition Agreement; (paid).
	ii.        Stage 1: in consideration of the 22 claims constituting “Block 1” (as defined in the Acquisition Agreement) the Company shall issue 700,000 shares of common stock and pay $35,000 on or before September 30, 2011; (these shares were issued and money paid on September 30, 2011).
	iii.      Stage 2: in consideration of the 20 claims constituting “Block 2” (as defined in the Acquisition Agreement) the Company shall issue 700,000 shares of common stock and $35,000 within 45 days following the completion of Stage 1; (these shares were issued and money paid on November 14, 2011).
	iv.      Stage 3: in consideration of the 20 claims constituting “Block 3” (as defined in the Acquisition Agreement”) the Company shall issue 600,000 shares of common stock and $25,000 in within 45 days following the completion of Stage 2; (these shares were issued and money paid on December 29, 2011).
	The Claims shall be subject to a 2% net smelter royalty payable to the Vendor of which 1% may be purchased back from the Vendor in consideration of $500,000.
	On January 31, 2012, the Company determined the acquisition costs for these mineral properties were impaired and recorded a related impairment loss in the statement of operations of $231,600.  All of these claims have subsequently expired.
	b)       Effective January 25, 2012, the Company entered into a mining property acquisition agreement (the "Acquisition Agreement”) whereby the Company has agreed to acquire an undivided 100% interest in and to an aggregate of 193  mineral claims located in the Province of Quebec, Canada (the “Claims”).  Pursuant to the Acquisition Agreement, the Company agreed to pay $40,000  and issue an aggregate of 8,500,000 shares of common stock as follows:
	i.         Stage 1: The Company shall pay $15,000 on or before January 31, 2012 (paid on January 31, 2012)
	ii.        Stage 2: The Company shall issue 8,500,000 shares and pay $25,000 on or before February 29, 2012 (these shares were issued and money paid on February 29, 2012).
	The Claims shall be subject to a 2% net smelter royalty payable to the Vendor.
	On April 30, 2012, the Company determined the acquisition costs for these mineral properties were impaired and recorded a related impairment loss in the statement of operations of $894,250. During the year  ended January 31, 2013, the Company incurred exploration costs related to these claims of $7,149 for geologist fees related to a 43-101 report.  All of these claims have subsequently expired.
	c)       Effective  February 6, 2012, the Company entered into a mining property acquisition agreement (the "Acquisition Agreement”) whereby the Company has agreed to acquire an undivided 100% interest in and to an aggregate of 140 mineral claims located in the Province of Quebec, Canada (the “Claims”). The Claims are subject to a 2% net smelter royalty payable to the Vendor. Pursuant to the agreement, the Company agreed to pay $20,000 and issue 5,000,000 shares of common stock on or before April 16, 2012. (these shares were issued and money paid on April 16, 2012)
	On April 30, 2012, the Company determined the acquisition costs for these mineral properties were impaired and recorded a related impairment loss in the statement of operations of $544,500.  All of these claims have subsequently expired, with the exception of 4 remaining claims.

NOTE_8_GOING_CONCERN

NOTE 8 - GOING CONCERN	9 Months Ended
	Oct. 31, 2013
Going Concern Note [Abstract]	'
Going Concern Note	'
	NOTE 8 – GOING CONCERN
	These financial statements are presented on the basis that the Company is a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business over a reasonable length of time. As of October 31, 2013 the Company had incurred accumulated losses since inception of $2,188,804. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Its continuation as a going concern is dependent upon its ability to generate sufficient cash flow to meet its obligations on a timely basis, to obtain additional financing or refinancing as may be required, and ultimately to establish profitable operations.
	Management's plans for the continuation of the Company as a going concern include financing the Company's operations through issuance of its common stock. If the Company is unable to complete its financing requirements or achieve revenue as projected, it will then modify its expenditures and plan of operations to coincide with the actual financing completed and actual operating revenues. There are no assurances, however, with respect to the future success of these plans.

NOTE_9_DISCONTINUED_OPERATIONS

NOTE 9 - DISCONTINUED OPERATIONS	9 Months Ended
	Oct. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	'
	NOTE 9 – DISCONTINUED OPERATIONS
	Upon entering into the Acquisition Agreement described in Note 7(a), the Company changed  its operations. All operations prior to the acquisition have been classified as discontinued operations. Cash flows from discontinued operations were not material and were combined with cash flows from continuing operations within the consolidated statement of cash flows categories.
	The results of discontinued operations are summarized as follows:
		Three months ended		Nine months ended		From January 3,
		October 31,		October 31,		2008 (Inception) to
		2013	2012	2013	2012	31-Oct-13
	Operating Expenses
	General and administrative	–	–	–	–	47,843
	Impairment loss on intangible asset	–	–	–	–	6,000
	Total Operating Expenses	–	–	–	–	53,843
	Net Loss from Discontinued Operations	–	–	–	–	-53,843

NOTE_10_SUBSEQUENT_EVENTS

NOTE 10- SUBSEQUENT EVENTS	9 Months Ended
	Oct. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 10 – SUBSEQUENT EVENTS
	On November 4, 2013, the Company issued 12,750,000 shares of common stock upon the conversion of principal amount of $1,550 of the convertible note as described in Note 6.
	On November 8, 2013, the Company issued 2,500,000 shares of common stock upon the conversion of accrued interest of $500 on the convertible note as described in Note 6.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	9 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Consolidation, Policy [Policy Text Block]	'
	Principles of Consolidation
	These consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States and are expressed in US dollars. The Company’s fiscal year end is January 31. The consolidated financial statements include the accounts of Toron Inc. and its 100% owned subsidiary, Toron Resources Inc. All significant intercompany balances and transactions have been eliminated upon consolidation
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	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 these financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	'
	Long-Lived Assets
	In accordance with ASC 360, Property, Plant, and Equipment, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value
Asset Retirement Obligations, Policy [Policy Text Block]	'
	Asset Retirement Obligations
	The Company follows the provisions of ASC 410 – 20, Asset Retirement Obligations which establishes standards for the initial measurement and subsequent accounting for obligations associated with the sale, abandonment or other disposal of long-lived tangible assets arising from the acquisition, construction or development and for normal operations of such assets. As at October 31, 2013, the Company does not have any asset retirement obligations
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash and Cash Equivalents
	The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents
MineralPropertyAcquisitionAndExplorationCosts	'
	Mineral property acquisition and exploration costs
	The cost of acquiring mineral properties or claims is initially capitalized and then tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Mineral exploration costs are expensed as incurred
Comprehensive Income (Loss) Note [Text Block]	'
	Comprehensive Income
	ASC 220, Comprehensive Income establishes standards for the reporting and display of comprehensive income and its components in the financial statements. During the nine months ended October 31, 2013 and 2012, the Company had no items that represent other comprehensive income
Foreign Currency Transactions and Translations Policy [Policy Text Block]	'
	Foreign Currency Translation
	The Company’s functional and reporting currency is the US dollar as substantially all of the Company’s operations are in United States.
	Assets and liabilities that are denominated in a foreign currency are translated at the exchange rate in effect at the year end and capital accounts are translated at historical rates.  Income statement accounts are translated at the average rates of exchange prevailing during the period.  Translation adjustments from the use of different exchange rates from period to period are included in the Comprehensive Income statement account in Stockholder’s Equity, if applicable.
	Transactions undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date.  If applicable, exchange gains and losses are included in general and administrative expense on the Statement of Operations
Earnings Per Share, Policy [Policy Text Block]	'
	Basic and Diluted Loss Per Share
	The Company computes basic loss per share by dividing the net loss by the weighted average common shares outstanding during the period. There are no potential common shares; accordingly, diluted and basic loss per share amounts are the same
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	Fair Value of Financial Instruments
	The Company’s financial instruments consists of cash, accounts payable and accrued liabilities, advances, due to related parties, derivative liability and convertible debt. Due to the short maturities of these financial instruments, their fair value approximates their carrying value
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	'
	Stock-based Compensation
	In accordance with ASC 718, Compensation – Stock Based Compensation and ASC 505, Equity Based Payments to Non-Employees, the Company accounts for share-based payments using the fair value method. Common shares issued to third parties for non-cash consideration are valued based on the fair market value of the services provided or the fair market value of the common stock on the measurement date, whichever is more readily determinable
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	Deferred income tax liabilities or assets at the end of each period are determined using the tax rate expected to be in effect when the taxes are actually paid or recovered. A valuation allowance is recognized on deferred tax assets when it is more likely than not that some or all of these deferred tax assets will not be realized.
Revenue Recognition, New Accounting Pronouncement, Timing	'The Company does not expect that the adoption of any recent accounting standards to have a material impact on its financial statements

NOTE_9_DISCONTINUED_OPERATIONS1

NOTE 9 - DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Oct. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	'
		Three months ended		Nine months ended		From January 3,
		October 31,		October 31,		2008 (Inception) to
		2013	2012	2013	2012	31-Oct-13
	Operating Expenses
	General and administrative	–	–	–	–	47,843
	Impairment loss on intangible asset	–	–	–	–	6,000
	Total Operating Expenses	–	–	–	–	53,843
	Net Loss from Discontinued Operations	–	–	–	–	-53,843

NOTE_2_SIGNIFICANT_ACCOUNTING_1

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details)	Oct. 31, 2013	Feb. 06, 2012	Jan. 25, 2012
Accounting Policies [Abstract]	'	'	'
ParentControllingInterestSubsidiary	100.00%	100.00%	100.00%

NOTE_3_STOCKHOLDERS_EQUITY_Det

NOTE 3 - STOCKHOLDERS' EQUITY (Details) (USD $)

0 Months Ended

Oct. 31, 2013

Oct. 25, 2013

Oct. 22, 2013

Oct. 04, 2013

Sep. 10, 2013

Aug. 27, 2013

Mar. 27, 2013

Mar. 19, 2013

Mar. 08, 2013

Feb. 25, 2013

Aug. 08, 2013

Aug. 07, 2013

Jan. 31, 2013

Stockholders' Equity Note [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Conversion, Converted Instrument, Shares Issued

13,500,000

13,636,364

13,636,364

13,571,429

12,432,432

12,272,727

10,000,000

10,000,000

8,000,000

10,000,000

'

'

'

Debt Conversion, Converted Instrument, Amount (in Dollars)

$2,700

$3,000

$3,000

$3,800

$4,600

$5,400

$5,300

$7,000

$5,600

$6,800

'

'

'

Common Stock, Shares Authorized

850,000,000

'

'

'

'

'

'

'

'

'

850,000,000

250,000,000

850,000,000

NOTE_4_ADVANCES_Details

NOTE 4 - ADVANCES (Details) (USD $)	Oct. 31, 2013	Jul. 31, 2013
Advances [Abstract]	'	'
Customer Advances and Deposits, Current	$270,145	$242,625

NOTE_5_RELATED_PARTY_TRANSACTI1

NOTE 5 - RELATED PARTY TRANSACTIONS (Details) (USD $)	9 Months Ended	12 Months Ended	9 Months Ended	12 Months Ended
	Oct. 31, 2013	Jan. 31, 2013	Oct. 31, 2013	Jan. 31, 2012	Oct. 31, 2013	Jan. 31, 2013
			MichaelWhitehead	MichaelWhitehead	RamzanSavji	RamzanSavji
NOTE 5 - RELATED PARTY TRANSACTIONS (Details) [Line Items]	'	'	'	'	'	'
Related Party Transaction, Amounts of Transaction	$15,000	'	'	$15,000	'	'
Professional Fees	'	1,105	1,057	'	'	'
Due to Related Parties	'	'	'	'	$41,400	$25,200

NOTE_6_CONVERTIBLE_DEBT_Detail

NOTE 6 - CONVERTIBLE DEBT (Details) (USD $)

0 Months Ended

9 Months Ended

12 Months Ended

70 Months Ended

Nov. 08, 2013

Nov. 04, 2013

Oct. 31, 2013

Oct. 25, 2013

Oct. 22, 2013

Oct. 04, 2013

Sep. 10, 2013

Aug. 27, 2013

Mar. 27, 2013

Mar. 19, 2013

Mar. 08, 2013

Feb. 25, 2013

Jan. 22, 2013

Dec. 24, 2012

Jul. 12, 2012

Oct. 31, 2013

Oct. 31, 2012

Apr. 16, 2014

Jan. 31, 2013

Oct. 31, 2013

Debt Instrument, Convertible, Terms of Conversion Feature [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

ConvertiblePromissoryNoteValue

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$37,500

'

'

'

'

'

Derivative, Average Fixed Interest Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8.00%

'

'

'

'

'

ConvertiblePromissoryNoteDefaultRate

'

'

'

'

'

'

'

'

'

'

'

'

'

150.00%

'

'

'

22.00%

'

'

ConvertiblePromissoryNoteTerms

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'180

'

'

ConvertiblePromissoryNoteConversionPercent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

55.00%

'

'

ConvertiblePromissoryNoteAverageValuePeriod

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'three

'

'

ConvertiblePromissoryNoteAverageValueDurationPeriod

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'10

'

'

Derivative Liability

'

'

19,116

'

'

'

'

12,272,727

58,498

46,189

76,838

69,233

123,974

'

48,553

19,116

'

'

86,518

19,116

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.01%

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.19%

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum

'

'

'

'

'

'

'

'

'

'

'

'

'

'

203.00%

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum

'

'

'

'

'

'

'

'

'

'

'

'

'

'

467.00%

'

'

'

'

'

Debt Instrument, Unamortized Discount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

37,500

'

'

'

'

'

Interest Expense, Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,053

'

'

'

'

'

Convertible Subordinated Debt, Current

'

'

'

'

'

'

'

'

'

'

'

'

'

37,500

'

'

'

'

'

'

DefaultedPrincipalBalance

'

'

'

'

'

'

'

'

'

'

'

'

'

56,250

'

'

'

'

'

'

DefaultedPenaltyExpense

'

'

'

'

'

'

'

'

'

'

'

'

'

18,750

'

'

'

'

'

'

Accretion Expense

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

37,500

'

Stock Issued During Period, Shares, Conversion of Convertible Securities (in Shares)

2,500,000

12,750,000

'

13,636,364

'

'

12,432,432

5,400

10,000,000

10,000,000

8,000,000

10,000,000

10,000,000

'

'

47,200

37,500

'

'

54,700

Conversion of Stock, Amount Issued (Deprecated 2011-01-31)

'

'

'

'

'

'

'

'

'

7,000

'

6,800

7,500

'

'

'

'

'

'

'

Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt

'

'

2,700

3,000

3,000

3,800

4,600

'

10,563

'

10,257

9,657

16,530

'

'

'

'

'

'

'

Convertible Subordinated Debt

'

'

9,082

9,163

16,892

21,426

18,815

46,043

5,300

7,000

5,600

6,800

7,500

'

'

9,082

'

'

'

9,082

Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures

'

'

'

'

'

'

'

'

5,300

8,895

5,600

'

'

'

'

'

'

'

'

'

Derivative, Loss on Derivative

'

'

'

'

'

13,571,429

'

'

'

'

'

'

'

'

'

8,555

'

'

'

'

ConvertiblePromissoryNoteCarryValue

'

'

'

'

13,636,364

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Unamortized Discount (Premium), Net

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,500,000

'

'

'

Deferred Finance Costs, Own-share Lending Arrangement, Issuance Costs, Adjustment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,550

'

'

'

'

NOTE_7_MINERAL_PROPERTIES_Deta

NOTE 7 - MINERAL PROPERTIES (Details) (USD $)

0 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

2 Months Ended

3 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

3 Months Ended

0 Months Ended

Apr. 30, 2012

Feb. 06, 2012

Jan. 25, 2012

Aug. 23, 2011

Jan. 31, 2012

Jul. 31, 2012

Apr. 30, 2012

Dec. 29, 2011

Oct. 31, 2013

Sep. 30, 2011

Nov. 14, 2011

Dec. 29, 2011

Jan. 25, 2012

Jan. 25, 2012

Sep. 30, 2011

Nov. 14, 2011

Dec. 29, 2011

Jan. 25, 2012

Jan. 25, 2012

Jan. 25, 2012

Block1

Block2

Block3

January252012AcquisitionAgreement

Stage2

Block1

Block2

Block3

January252012AcquisitionAgreement

Stage1

Stage2

NOTE 7 - MINERAL PROPERTIES (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Business Acquisition, Percentage of Voting Interests Acquired

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

MineralClaimsAcquired

'

'

'

62

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition Costs, Period Cost

'

$20,000

'

$100,000

'

'

'

'

'

'

'

'

'

'

$35,000

$35,000

$25,000

$40,000

$15,000

$25,000

Stock Issued During Period, Shares, Acquisitions (in Shares)

'

5,000,000

'

2,000,000

'

'

'

'

'

700,000

700,000

600,000

85

8,500,000

'

'

'

'

'

'

AquisitionAgreementTermsAmountToBeDeposited

'

'

'

5,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

BusinessAcquisitionMineralClaimsAcquired

'

140

193

'

'

'

'

'

'

'

'

'

'

'

22

20

20

'

'

'

AcquisitionCompletionPeriod

'

'

'

'

'

'

'

'45

'

'

'

'

'

'

'

'45

'

'

'

'

SmelterRoyaltyPayablePercentage

'

2.00%

2.00%

'

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

SmelterRoyaltyPercentageRepurchasedFromVendor

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

ConsiderationOfRepurchaseSmelterRoyalties

'

'

'

'

'

'

'

500,000

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill, Impairment Loss

544,500

'

'

'

2,316

'

894,250

'

'

'

'

'

'

'

'

'

'

'

'

'

ParentControllingInterestSubsidiary

'

100.00%

100.00%

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

Exploration Costs, Period Cost

'

'

'

'

'

$7,149

'

'

'

'

'

'

'

'

'

'

'

'

'

'

NOTE_8_GOING_CONCERN_Details

NOTE 8 - GOING CONCERN (Details) (USD $)	Oct. 31, 2013
Going Concern Note [Abstract]	'
Retained Earnings (Accumulated Deficit)	$2,188,804

NOTE_9_DISCONTINUED_OPERATIONS2

NOTE 9 - DISCONTINUED OPERATIONS (Details) - The results of discontinued operations are summarized as follows: (USD $)	70 Months Ended
	Oct. 31, 2013
Operating Expenses	'
General and administrative	$47,843
Impairment loss on intangible asset	6,000
Total Operating Expenses	53,843
Net Loss from Discontinued Operations	($53,843)

NOTE_10_SUBSEQUENT_EVENTS_Deta

NOTE 10- SUBSEQUENT EVENTS (Details) (USD $)

0 Months Ended

9 Months Ended

70 Months Ended

Nov. 08, 2013

Nov. 04, 2013

Oct. 25, 2013

Sep. 10, 2013

Aug. 27, 2013

Mar. 27, 2013

Mar. 19, 2013

Mar. 08, 2013

Feb. 25, 2013

Jan. 22, 2013

Oct. 31, 2013

Oct. 31, 2012

Oct. 31, 2013

Subsequent Events [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Shares, Conversion of Convertible Securities

2,500,000

12,750,000

13,636,364

12,432,432

5,400

10,000,000

10,000,000

8,000,000

10,000,000

10,000,000

47,200

37,500

54,700

Conversion of Stock, Amount Issued (in Dollars)

$500

$1,550

'

'

'

'

'

'

'

'

'

'

'