Document_And_Entity_Informatio
Document And Entity Information | 12 Months Ended | |
Jun. 30, 2014 | Oct. 31, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Blackrock Oil Corp | ' |
Document Type | '20-F | ' |
Current Fiscal Year End Date | '--06-30 | ' |
Entity Common Stock, Shares Outstanding | ' | 32,781,666 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001485541 | ' |
Entity Current Reporting Status | 'No | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'FY | ' |
Balance_Sheets
Balance Sheets(USD ($)) | Jun. 30, 2014 | Jun. 30, 2013 |
Current assets | ' | ' |
Cash and cash equivalents | $6,336 | $17,168 |
Accounts receivable | 5,530 | 950 |
Tax receivable | 35 | 995 |
Note receivable | 140,571 | 147,330 |
Total current assets | 152,472 | 166,443 |
Total assets | 152,472 | 166,443 |
Current liabilities | ' | ' |
Accounts payable and accrued liabilities | 4,116 | 10,670 |
Loans payable - related party | 148,689 | 91,768 |
Total current liabilities | 152,805 | 102,438 |
Stockholders' equity | ' | ' |
Common stock, unlimited number of shares authorized without par value, 11,541,666 issued and outstanding | 414,049 | 414,049 |
Accumulated other comprehensive income | 6,759 | ' |
Accumulated deficit during the development period | -407,623 | -350,044 |
Total stockholders' equity | 13,185 | 64,005 |
Total liabilities and stockholders' equity | $165,990 | $166,443 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) | Jun. 30, 2014 | Jun. 30, 2013 |
Common stock, shares issued | 11,541,666 | 11,541,666 |
Common stock, shares outstanding | 11,541,666 | 11,541,666 |
Statements_of_Operations
Statements of Operations (USD $) | 12 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Revenue | ' | ' |
Operating expenses | ' | ' |
Legal fees and professional | 3,497 | ' |
Audit and accounting fees | 5,000 | 11,684 |
Interest income | -11,177 | -10,042 |
FX Exchange (gain) loss | ' | 5,547 |
General and administrative expenses | 60,259 | 61,887 |
Total operating expenses | 57,579 | 69,076 |
Net income (loss) for the periods | -57,579 | -69,076 |
Effect of foreign currency transaltion | -6,759 | ' |
Comprehensive net loss | ($64,338) | ($69,076) |
Income (loss) per common stock - basic and diluted | ($0.01) | ($0.01) |
Weighted average common share outstanding - Basic and diluted | 11,541,666 | 11,541,666 |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 12 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Cash Flows From Operating Activities | ' | ' |
Net (loss) for the period | ($57,579) | ($69,076) |
Adjustments to reconcile net (loss) to net cash | ' | ' |
Changes in operating assets and liabilities | ' | ' |
decrease in accounts receivable | -4,580 | -950 |
decrease in accounts payable and accrued liabilities | -6,719 | 5,454 |
decrease in tax receivable | 960 | 869 |
Net cash used in operating activities | -67,918 | -63,703 |
Cash Flows From Investing Activities | ' | ' |
Issuance of Note Receivable | ' | -147,330 |
Net cash used in investing activities | ' | -147,330 |
Cash Flows From Financing Activities | ' | ' |
Increase in payable to related party | 57,086 | 30,114 |
Net cash provided by financing activities | 57,086 | 30,114 |
Net increase (decrease) in cash and cash equivalents | -10,832 | -180,919 |
Cash and cash equivalents, beginning of the period | 17,168 | 198,087 |
Cash and cash equivalents, end of the period | 6,336 | 17,168 |
Foreign currency translation | $6,759 | ' |
Statements_of_Stockholders_Equ
Statements of Stockholders' Equity (USD $) | Total | Common Stock [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Income [Member] |
Balance at Jun. 30, 2012 | $133,081 | $414,049 | ($280,968) | ' |
Balance (in Shares) at Jun. 30, 2012 | ' | 11,541,666 | ' | ' |
Net loss | -69,076 | ' | -69,076 | ' |
Balance at Jun. 30, 2013 | 64,005 | 414,049 | -350,044 | ' |
Balance (in Shares) at Jun. 30, 2013 | ' | 11,541,666 | ' | ' |
Foreign currency translation | 6,759 | ' | ' | 6,759 |
Net loss | -57,579 | ' | -57,579 | ' |
Balance at Jun. 30, 2014 | $13,185 | $414,049 | ($407,623) | $6,759 |
Balance (in Shares) at Jun. 30, 2014 | ' | 11,541,666 | ' | ' |
Organization_and_Business_Oper
Organization and Business Operations | 12 Months Ended |
Jun. 30, 2014 | |
Organization and Business Operations [Abstract] | ' |
ORGANIZATION AND BUSINESS OPERATIONS | ' |
1. ORGANIZATION AND BUSINESS OPERATIONS | |
Blackrock Oil Corporation (“the Company”) was incorporated under the laws of the Province of Ontario, Canada on September 3, 2009. The Company intends to commence business operations by engaging in exploration, development and acquisition of light oil in Western Canada. The Company has not generated any revenue in 2014 and only generated $164,975 in revenue since inception. Consequently its operations are subject to all risks inherent in the establishment of a new business enterprise. | |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||
Jun. 30, 2014 | |||||
Summary of Significant Accounting Policies [Abstract] | ' | ||||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' | ||||
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||||
(a) Basis of Presentation | |||||
The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and are presented in US dollars. The financial statements reflect all adjustments that, in the opinion of management, are necessary in order to make the financial statements not misleading. | |||||
(b) Going Concern | |||||
The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company incurred a loss of $57,579 for the year ended June 30, 2014 and incurred net loss for the year ended June 30, 2013 of $69,076. The Company has resulted an accumulated deficit of $407,623 from inception on September 3, 2009 to June 30, 2014, further losses are anticipated in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and with loans from a director and/or private placements of common stock. However, there is no certainty that financing will be successful or will be on terms favourable to the Company. | |||||
(c) Use of Estimates and Assumptions | |||||
The preparation of financial statements in conformity with US GAAP 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 year. Financial statement items subject to significant management judgment include revenue recognition; the completeness of accounts payable and accrued liabilities, and allowance for doubtful accounts. While management believes that the estimates and assumptions are reasonable and appropriate in the circumstances, actual results may differ. | |||||
(d) Revenue Recognition | |||||
The Company recognizes revenue in accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements” (“SAB 101”) as modified by Securities and Exchange Commission Staff Accounting Bulletin No. 104 (codified within ASC Topic 605). Under SAB 101, revenue is recognized at the point of passage to the customer of title and risk of loss, there is persuasive evidence of an arrangement, the sales price is fixed or determinable, and collection of the resulting receivable is reasonably assured. For consulting services, revenue is recognized as services are provided. | |||||
(e) Stock-Based Compensation | |||||
The Company accounts for its stock-based compensation in accordance with ASC Topic 718, “Share-Based Payment” (“ASC 718”). Under ASC 718, the Company recognizes compensation costs related to share-based payment transactions in the financial statements based on the fair value of the equity (or liability) instruments issued over the period that an employee is expected to provide service in exchange for the award, based on the vesting terms of the specific stock compensation awards. Stock issued to non-employees is valued based on the fair value of the services received or the fair value of the stock given up. | |||||
Since the Company’s inception to June 30, 2014, the Company has not established a stock based compensation arrangement. However, the Company may, in the future, decide to establish a stock-based compensation to encourage talented individuals to join in and be retained by the Company. | |||||
(f) Income Taxes | |||||
The Company accounts for its income taxes under the liability method specified by ASC Topic 740, “Accounting for Income Taxes” (“ASC 740”). Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the effective tax rates which will be in effect when these differences reverse. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard imposed by ASC 740 to allow recognition of such an asset. | |||||
(g) Fair Value of Financial Instruments | |||||
Fair value is defined under ASC Topic 820, “Fair Value Measurement and Disclosures”, as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or the most advantageous market for an asset or liability in an orderly transaction between participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on the levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. The levels are as follows: | |||||
● | Level 1 | - | Quoted prices in active markets for identical assets or liabilities; | ||
● | Level 2 | - | Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities; and | ||
● | Level 3 | - | Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities. | ||
The Company’s financial instruments consist of cash and cash equivalents. Cash and cash equivalents was determined to be a Level 1 fair value measurement. The carrying amounts of cash and cash equivalents, accounts receivables, accounts payable and accrued liabilities and loans payable due to related party approximate their respective fair values because of the short maturities of these instruments. | |||||
(h) Foreign Currency Transactions | |||||
The Company's functional is the Canadian dollars and reporting currency is the United States dollar. Foreign currency transactions are remeasured into the Company’s reporting currency with amounts resulting from changes in exchange rates being reported in income. | |||||
(i) Comprehensive Income (Loss) | |||||
The Company has adopted ASC Topic 830, “Reporting Comprehensive Income (Loss)” (“ASC 830”), which establishes standards for reporting and presentation of comprehensive income (loss), its components and accumulated balances. Comprehensive income (loss) is defined to include all changes in equity (shareholders’ deficiency) except those resulting from investments by or distributions to owners. Among other disclosures, ASC 830 requires that all items that are required to be recognized under the current accounting standards as a component of comprehensive income (loss) be reported in a financial statement that is displayed with the same prominence as other financial statements. ASC 830 requires that items be included in other comprehensive income (loss) according to their nature, such as: foreign currency items, change in the fair value of derivative financial instruments and unrealized gains and losses on certain debt and equity securities. Comprehensive income (loss) is displayed in the statements of stockholders’ equity and in the balance sheets as a component of stockholders’ equity. | |||||
(j) Basic and Diluted Net Loss per Share | |||||
The Company computes net loss per share in accordance with ASC Topic 260, “Earnings per Share” (“ASC 260”). ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the statement of operations. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period. Diluted EPS excludes all potentially dilutive shares if their effect is anti-dilutive. | |||||
(k) Cash and Cash Equivalents | |||||
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. | |||||
(l) Accounts Receivable | |||||
Trade and other accounts receivable are carried at face value less any provisions for uncollectible accounts considered necessary. Bad debt expense is recognized based on management’s estimate of likely losses per year, and an estimate of current year uncollectible amounts. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 12 Months Ended |
Jun. 30, 2014 | |
Recent Accounting Pronouncements [Abstract] | ' |
RECENT ACCOUNTING PRONOUNCEMENTS | ' |
3. RECENT ACCOUNTING PRONOUNCEMENTS | |
The company has limited operations and is considered in the development stage. In the year ended June 30, 2014, the Company has elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the company to remove the inception to date information and all references to development stage. | |
Income_Taxes
Income Taxes | 12 Months Ended |
Jun. 30, 2014 | |
Income Taxes [Abstract] | ' |
INCOME TAXES | ' |
4. INCOME TAXES | |
Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, “Accounting for Income Taxes” (“ASC 740”) as of its inception. Pursuant to ASC 740, the Company is required to compute tax asset benefits for net operating losses carried forward. Potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in the future years. | |
As of June 30, 2014, the Company had net operating loss carry forwards of approximately $304,000 that may be available to reduce future years' taxable income through 2034. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. | |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Jun. 30, 2014 | |
Related Party Transactions [Abstract] | ' |
RELATED PARTY TRANSACTIONS | ' |
5. RELATED PARTY TRANSACTIONS | |
During the period from inception to June 30, 2014, the President has taken initiative to organize, source, secure funding for the Company, provide consulting and management services to the Company and provide necessary office space for the Company. The Company has booked related party transactions of consulting fees of $36,000 (June 30, 2013 – $36,000) and management fees of $24,000 (June 30, 2013 - $24,000). | |
As of June 30, 2014, the President had loaned the Company $148,689 (June 30, 2013 - $91,911). The loan is non-interest bearing, due on demand and unsecured. | |
Note_Receivable
Note Receivable | 12 Months Ended |
Jun. 30, 2014 | |
Note Receivable [Abstract] | ' |
NOTE RECEIVABLE | ' |
6. NOTE RECEIVABLE | |
During the current fiscal year, the Company loaned a third party $150,000 in Canadian funds. The note was valued at US $140,571 upon issuance. The note bears 8% interest and is due on demand. As of June 30, 2014, the Company has an interest receivable of $5,530 and is included in accounts receivable in the balance sheet. | |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
SUBSEQUENT EVENTS | ' |
7. SUBSEQUENT EVENTS | |
Subsequent to the year ended June 30, 2014, on August 28, 2014, the Company issued 15,000,000 restricted common stocks from treasury to settle outstanding related party debt in the amount of $150,000. On September 4, 2014, the Company issued 5,200,000 common shares for gross proceeds of $1,050,000, on September 5, 2014, the Company issued 1,000,000 common stocks for gross proceeds of $200,000 and on September 12, 2014 the Company issued 40,000 common shares for gross proceeds of $10,000. No fees or commissions were paid to anyone in raising the equity capital. As of the date of October 31, the Company has total issued, non-assessable and fully paid common stocks of 32,781,666. | |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||
Jun. 30, 2014 | |||||
Summary of Significant Accounting Policies [Abstract] | ' | ||||
Basis of Presentation | ' | ||||
(a) Basis of Presentation | |||||
The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and are presented in US dollars. The financial statements reflect all adjustments that, in the opinion of management, are necessary in order to make the financial statements not misleading. | |||||
Going Concern | ' | ||||
(b) Going Concern | |||||
The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company incurred a loss of $57,579 for the year ended June 30, 2014 and incurred net loss for the year ended June 30, 2013 of $69,076. The Company has resulted an accumulated deficit of $407,623 from inception on September 3, 2009 to June 30, 2014, further losses are anticipated in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and with loans from a director and/or private placements of common stock. However, there is no certainty that financing will be successful or will be on terms favourable to the Company. | |||||
Use of Estimates and Assumptions | ' | ||||
(c) Use of Estimates and Assumptions | |||||
The preparation of financial statements in conformity with US GAAP 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 year. Financial statement items subject to significant management judgment include revenue recognition; the completeness of accounts payable and accrued liabilities, and allowance for doubtful accounts. While management believes that the estimates and assumptions are reasonable and appropriate in the circumstances, actual results may differ. | |||||
Revenue Recognition | ' | ||||
(d) Revenue Recognition | |||||
The Company recognizes revenue in accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements” (“SAB 101”) as modified by Securities and Exchange Commission Staff Accounting Bulletin No. 104 (codified within ASC Topic 605). Under SAB 101, revenue is recognized at the point of passage to the customer of title and risk of loss, there is persuasive evidence of an arrangement, the sales price is fixed or determinable, and collection of the resulting receivable is reasonably assured. For consulting services, revenue is recognized as services are provided. | |||||
Stock-Based Compensation | ' | ||||
(e) Stock-Based Compensation | |||||
The Company accounts for its stock-based compensation in accordance with ASC Topic 718, “Share-Based Payment” (“ASC 718”). Under ASC 718, the Company recognizes compensation costs related to share-based payment transactions in the financial statements based on the fair value of the equity (or liability) instruments issued over the period that an employee is expected to provide service in exchange for the award, based on the vesting terms of the specific stock compensation awards. Stock issued to non-employees is valued based on the fair value of the services received or the fair value of the stock given up. | |||||
Since the Company’s inception to June 30, 2014, the Company has not established a stock based compensation arrangement. However, the Company may, in the future, decide to establish a stock-based compensation to encourage talented individuals to join in and be retained by the Company. | |||||
Income Taxes | ' | ||||
(f) Income Taxes | |||||
The Company accounts for its income taxes under the liability method specified by ASC Topic 740, “Accounting for Income Taxes” (“ASC 740”). Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the effective tax rates which will be in effect when these differences reverse. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard imposed by ASC 740 to allow recognition of such an asset. | |||||
Fair Value of Financial Instruments | ' | ||||
(g) Fair Value of Financial Instruments | |||||
Fair value is defined under ASC Topic 820, “Fair Value Measurement and Disclosures”, as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or the most advantageous market for an asset or liability in an orderly transaction between participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on the levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. The levels are as follows: | |||||
● | Level 1 | - | Quoted prices in active markets for identical assets or liabilities; | ||
● | Level 2 | - | Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities; and | ||
● | Level 3 | - | Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities. | ||
The Company’s financial instruments consist of cash and cash equivalents. Cash and cash equivalents was determined to be a Level 1 fair value measurement. The carrying amounts of cash and cash equivalents, accounts receivables, accounts payable and accrued liabilities and loans payable due to related party approximate their respective fair values because of the short maturities of these instruments. | |||||
Foreign Currency Transactions | ' | ||||
(h) Foreign Currency Transactions | |||||
The Company's functional is the Canadian dollars and reporting currency is the United States dollar. Foreign currency transactions are remeasured into the Company’s reporting currency with amounts resulting from changes in exchange rates being reported in income. | |||||
Comprehensive Income (Loss) | ' | ||||
(i) Comprehensive Income (Loss) | |||||
The Company has adopted ASC Topic 830, “Reporting Comprehensive Income (Loss)” (“ASC 830”), which establishes standards for reporting and presentation of comprehensive income (loss), its components and accumulated balances. Comprehensive income (loss) is defined to include all changes in equity (shareholders’ deficiency) except those resulting from investments by or distributions to owners. Among other disclosures, ASC 830 requires that all items that are required to be recognized under the current accounting standards as a component of comprehensive income (loss) be reported in a financial statement that is displayed with the same prominence as other financial statements. ASC 830 requires that items be included in other comprehensive income (loss) according to their nature, such as: foreign currency items, change in the fair value of derivative financial instruments and unrealized gains and losses on certain debt and equity securities. Comprehensive income (loss) is displayed in the statements of stockholders’ equity and in the balance sheets as a component of stockholders’ equity. | |||||
Basic and Diluted Net Loss per Share | ' | ||||
(j) Basic and Diluted Net Loss per Share | |||||
The Company computes net loss per share in accordance with ASC Topic 260, “Earnings per Share” (“ASC 260”). ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the statement of operations. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period. Diluted EPS excludes all potentially dilutive shares if their effect is anti-dilutive. | |||||
Cash and Cash Equivalents | ' | ||||
(k) Cash and Cash Equivalents | |||||
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. | |||||
Accounts Receivable | ' | ||||
(l) Accounts Receivable | |||||
Trade and other accounts receivable are carried at face value less any provisions for uncollectible accounts considered necessary. Bad debt expense is recognized based on management’s estimate of likely losses per year, and an estimate of current year uncollectible amounts. | |||||
Organization_and_Business_Oper1
Organization and Business Operations (Details) (USD $) | 12 Months Ended | 58 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | |
Organization and Business Operations (Textuals) | ' | ' | ' |
Revenues | ' | ' | $164,975 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | 58 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | |
Summary of Significant Accounting Policies (Textuals) | ' | ' | ' |
Net loss for the period | ($57,579) | ($69,076) | ($407,623) |
Accumulated deficit during the development period | $407,623 | $350,044 | $407,623 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | Jun. 30, 2014 |
Income Taxes (Textuals) | ' |
Operating loss carryforwards | $304,000 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Related Party Transaction [Line Items] | ' | ' |
Notes payable | $148,689 | $91,768 |
Consulting Fees [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Related party transaction, Amounts of transaction | 36,000 | 36,000 |
Management Fees [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Related party transaction, Amounts of transaction | $24,000 | $24,000 |
Note_Receivable_Details
Note Receivable (Details) | 12 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | |
USD ($) | CAD | USD ($) | Interest [Member] | |
USD ($) | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Note receivable | $140,571 | 150,000 | $147,330 | ' |
Note receivable interest rate | 8.00% | 8.00% | ' | ' |
Accounts receivable | $5,530 | ' | $950 | $5,530 |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | Jun. 30, 2014 | Jun. 30, 2013 | Sep. 12, 2014 | Sep. 05, 2014 | Sep. 04, 2014 | Oct. 31, 2014 | Aug. 28, 2014 |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | |||
Common Stock [Member] | Restricted Stock [Member] | ||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Shares issued for debt conversion | ' | ' | ' | ' | ' | ' | 15,000,000 |
Debt conversion converted amount | ' | ' | ' | ' | ' | ' | $150,000 |
Stock issued during period, shares | ' | ' | 40,000 | 1,000,000 | 5,200,000 | ' | ' |
Stock issued during period, value | ' | ' | $10,000 | $200,000 | $1,050,000 | ' | ' |
Common stock, shares issued | 11,541,666 | 11,541,666 | ' | ' | ' | 32,781,666 | ' |