Fision (FSSN) 10-K 7 Dec 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Feb. 28, 2015	Dec. 07, 2015	Aug. 31, 2014
Document And Entity Information
Entity Registrant Name	DE Acquisition 6, Inc.
Entity Central Index Key	1,487,931
Document Type	10-K
Document Period End Date	Feb. 28, 2015
Amendment Flag	false
Current Fiscal Year End Date	--02-28
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity Current Reporting Status	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		10,000
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Balance Sheets

Balance Sheets - USD ($)	Feb. 28, 2015	Feb. 28, 2014
Current assets
Cash
Total current assets
Total Assets	$ 0	$ 0
Current liabilities:
Accrued expenses	3,750	4,963
Related party payables	243	243
Total liabilities	$ 3,993	$ 5,206
Stockholders' deficit:
Preferred stock 20,000,000 authorized $0.0001 par value; no shares issued and outstanding
Common stock-500,000,000 shares authorized $0.0001 par value 10,000 shares issued and outstanding	$ 1	$ 1
Additional paid-in capital	22,741	18,974
Accumulated deficit	(26,735)	(24,181)
Total stockholders' deficit	(3,993)	(5,206)
Total Liabilities & Stockholders' Deficit	$ 0	$ 0

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Feb. 28, 2015	Feb. 28, 2014
Assets
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	10,000	10,000
Common stock, shares outstanding	10,000	10,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Assets
Revenue
Expenses:
Professional fees	$ 2,454	$ 7,913
General & administrative	100	100
Total general and administrative expenses	2,554	8,013
Net Operating Loss	$ (2,554)	$ (8,013)
Income taxes
Net Loss	$ (2,554)	$ (8,013)
Basic and diluted per share amounts:
Basic and diluted net loss	$ (0.26)	$ (0.80)
Weighted average shares outstanding (basic & diluted)	10,000	10,000

Statements of Shareholders' Equ

Statements of Shareholders' Equity (Deficit) - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Feb. 28, 2013	$ 1	$ 15,783	$ (16,168)	$ (384)
Balance, shares at Feb. 28, 2013	10,000
Expenses paid by affiliates		$ 3,191		3,191
Net Loss			$ (8,013)	(8,013)
Balance at Feb. 28, 2014	$ 1	$ 18,974	$ (24,181)	(5,206)
Balance, shares at Feb. 28, 2014	10,000
Expenses paid by affiliates		$ 3,767		3,767
Net Loss			$ (2,554)	(2,554)
Balance at Feb. 28, 2015	$ 1	$ 22,741	$ (26,735)	$ (3,993)
Balance, shares at Feb. 28, 2015	10,000

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Cash flows from operating activities:
Net Loss	$ (2,554)	$ (8,013)
Changes in net assets and liabilities:
Increase (decrease) in accounts payable & accrued liabilities	(1,213)	4,822
Cash used in operating activities:	(3,767)	(3,191)
Cash flows from financing activities:
Expenses paid by affiliates	3,767	3,191
Cash provided by (used in) financing activities	$ 3,767	$ 3,191
Change in cash
Cash-beginning of period
Cash-end of period

Nature of Organization

Nature of Organization	12 Months Ended
	Feb. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Organization	NOTE 1 - NATURE OF ORGANIZATION Business and Organization DE Acquisition 6, Inc., (“we”, “our” or the “Company”), was incorporated in Delaware on February 24, 2010. The Company is 100% owned by the Ruth Shepley. The financial statements presented represent only those transactions of DE Acquisition 6, Inc. The Company is looking to merge with or acquire an existing company or acquire the technology to begin operations. As a blank check company, the Company’s business is to pursue a business combination through acquisition, or merger with, an existing company. As of the date of the financial statements, the Company is not conducting negotiations with any target business. No assurances can be given that the Company will be successful in locating or negotiating with any target company.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Feb. 28, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company follows accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein. Use of Estimates The preparation of financial statements, in conformity with accounting principles generally accepted in the United States, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. Cash and Cash Equivalents The Company considers all highly liquid debt instruments and other short-term investments with a maturity of three months or less, when purchased, to be cash equivalents. There are no cash equivalents at February 28, 2015 or 2014. Revenue Recognition The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the seller’s price to the buyer is fixed or determinable, and collection is reasonably assured. Basic and Diluted Net Loss Per Share The Company follows Accounting Standards Codification No. 260, “Earnings Per Share” that requires the reporting of both basic and diluted earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. The calculation of diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. In accordance with ASC No. 260, any anti-dilutive effects on net earnings (loss) per share are excluded. For the years ended February 28, 2015 and 2014, there were no common stock equivalents. Income Taxes The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Operations in the period that includes the enactment date. The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”). Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods, and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25. Recent Accounting Pronouncements We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations, financial position or cash flow. Related Parties The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transaction.

Going Concern

Going Concern	12 Months Ended
	Feb. 28, 2015
Going Concern
Going Concern	NOTE 3 - GOING CONCERN The Company’s financial statements are prepared using generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has had no revenues and has generated from operations. In order to continue as a going concern and achieve a profitable level of operations, the Company will need, among other things, additional capital resources and developing a consistent source of revenues. Management’s plans include seeking a merger with an existing operating company. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Common Stock

Common Stock	12 Months Ended
	Feb. 28, 2015
Equity [Abstract]
Common Stock	NOTE 4 - COMMON STOCK Holders of shares of common stock, the only class of stock registered under the Company’s Form 10-12G, shall be entitled to cast one vote for each common share held at all stockholders meetings for all purposes, including the election of directors. The common stock does not have cumulative voting rights. On February 24, 2010, the Company issued 10,000 shares to Ruth Shepley.

Income Taxes

Income Taxes	12 Months Ended
	Feb. 28, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 5 - INCOME TAXES Deferred income taxes are determined using the liability method for the temporary differences between the financial reporting basis and income tax basis of the Company’s assets and liabilities. Deferred income taxes are measured based on the tax rates expected to be in effect when the temporary differences are included in the Company’s tax return. Deferred tax assets and liabilities are recognized based on anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income tax rates of 39% to pretax income from continuing operations for the periods ended February 28, 2015 and 2014 due to the following: 2015 2014 Individual components giving rise to the deferred tax assets are as follows:: Future tax benefit arising from net operating loss carryovers $ 10,337 $ 9,341 Less valuation allowance (10,337 ) (9,341 ) Net deferred $ - $ - At February 28, 2015, the Company had net operating loss carry- forwards of approximately $996 that may be offset against future taxable income through 2027. No tax benefit has been reported in the February 28, 2015 or February 28, 2014 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Feb. 28, 2015
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 6- RELATED PARTY TRANSACTION: Due Related Parties:

Subsequent Events

Subsequent Events	12 Months Ended
	Feb. 28, 2015
Subsequent Events [Abstract]
Subsequent Events	NOTE 7 – SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date these financial statements were issued and determined there were none.

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Feb. 28, 2015
Accounting Policies [Abstract]
Basis of presentation	Basis of Presentation The Company follows accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein.
Use of Estimates	Use of Estimates The preparation of financial statements, in conformity with accounting principles generally accepted in the United States, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid debt instruments and other short-term investments with a maturity of three months or less, when purchased, to be cash equivalents. There are no cash equivalents at February 28, 2015 or 2014.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the seller’s price to the buyer is fixed or determinable, and collection is reasonably assured.
Basic and Diluted Net Loss Per Share	Basic and Diluted Net Loss Per Share The Company follows Accounting Standards Codification No. 260, “Earnings Per Share” that requires the reporting of both basic and diluted earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. The calculation of diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. In accordance with ASC No. 260, any anti-dilutive effects on net earnings (loss) per share are excluded. For the years ended February 28, 2015 and 2014, there were no common stock equivalents.
Income Taxes	Income Taxes The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Operations in the period that includes the enactment date. The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”). Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods, and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25.
Recent Accounting Pronouncements	Recent Accounting Pronouncements We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations, financial position or cash flow.
Related Parties	Related Parties The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transaction.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Feb. 28, 2015
Income Tax Disclosure [Abstract]
Schedule of Provision of Income Tax	The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income tax rates of 39% to pretax income from continuing operations for the periods ended February 28, 2015 and 2014 due to the following: 2015 2014 Individual components giving rise to the deferred tax assets are as follows:: Future tax benefit arising from net operating loss carryovers $ 10,337 $ 9,341 Less valuation allowance (10,337 ) (9,341 ) Net deferred $ - $ -

Nature of Organization (Details

Nature of Organization (Details Narrative)	Feb. 28, 2015
Ruth Shepley [Member]
Percentage of owned by related party	100.00%

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Accounting Policies [Abstract]
Cash equivalents
Common stock equivalents
Maximum percentage of largest benefit upon ultimate settlement by taxing authorities		50%

Common Stock (Details Narrative

Common Stock (Details Narrative)	Feb. 24, 2010shares
Ruth Shepley [Member]
Number of shares issued during period	10,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Income Tax Disclosure [Abstract]
Operating loss carry- forwards of approximately	$ 996
Future taxable income through income taxes	offset against future taxable income through 2027
Tax benefit

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision of Income Tax (Details) - USD ($)	Feb. 28, 2015	Feb. 28, 2014
Income Tax Disclosure [Abstract]
Future tax benefit arising from net operating loss carryovers	$ 10,337	$ 9,431
Less valuation allowance	$ (10,337)	$ (9,431)
Net deferred

Income Taxes - Schedule of Pr21

Income Taxes - Schedule of Provision of Income Tax (Details) (Parenthetical)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Income Tax Disclosure [Abstract]
Income tax rate	39.00%	39.00%

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Related Party Transactions [Abstract]
Total of unreimbursed items	$ 243	$ 243
Current costs of regulatory compliance paid by the sole shareholder are accounted for as additional paid-in capital	$ 3,767	$ 3,191