Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Nov. 30, 2013 | Jan. 20, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Nov-13 | ' |
Entity Registrant Name | 'OBJ Enterprises, Inc. | ' |
Entity Central Index Key | '0001489256 | ' |
Current Fiscal Year End Date | '--08-31 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Document Fiscal Year Focus | '2014 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Shares Outstanding | ' | 18,934,339 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Nov. 30, 2013 | Aug. 31, 2013 |
Current assets: | ' | ' |
Cash | $29,302 | $75,190 |
Accounts receivable | 525 | ' |
Total current assets | 29,827 | 75,190 |
Total assets | 29,827 | 75,190 |
Current liabilities: | ' | ' |
Accounts payable | 138,501 | 92,381 |
Advances payable | 68,660 | ' |
Current portion of convertible notes payable, net of discount of $0 and $306, respectively | ' | 76,311 |
Total current liabilities | 207,161 | 168,692 |
Convertible notes payable, net of discount of $476,529 and $521,630, respectively | 41,428 | 41,642 |
Total liabilities | 248,589 | 210,334 |
Stockholders' deficit: | ' | ' |
Preferred stock; $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at November 30, 2013 and August 31, 2013 | ' | ' |
Common stock; $0.0001 par value; 100,000,000 shares authorized; 17,334,339 and 15,234,339 issued and outstanding, respectively | 1,733 | 1,523 |
Additional paid-in capital | 3,033,010 | 2,898,220 |
Deficit accumulated during development stage | -3,253,505 | -3,034,887 |
Total stockholders' deficit | -218,762 | -135,144 |
Total liabilities and stockholders' deficit | $29,827 | $75,190 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Nov. 30, 2013 | Aug. 31, 2013 |
Consolidated Balance Sheets [Abstract] | ' | ' |
Debt instrument, current discount | ' | $306 |
Debt instrument, unamortized discount | $476,529 | $521,630 |
Preferred stock, par value per share | $0.00 | $0.00 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value per share | $0.00 | $0.00 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 17,334,339 | 15,234,339 |
Common stock, shares outstanding | 17,334,339 | 15,234,339 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 50 Months Ended | |
Nov. 30, 2013 | Nov. 30, 2012 | Nov. 30, 2013 | |
Revenue: | ' | ' | ' |
Software sales | $525 | ' | $525 |
Expenses: | ' | ' | ' |
General and administrative | 135,668 | 58,009 | 2,292,829 |
Loss on acquisition of 20% of Novalon | 25,000 | ' | 25,000 |
Game design expenses | ' | ' | 191,500 |
Loss from operations | -160,143 | -58,009 | -2,508,804 |
Other expense: | ' | ' | ' |
Interest expense | -58,475 | -114,583 | -744,701 |
Net loss | ($218,618) | ($172,592) | ($3,253,505) |
Net loss per share - basic and diluted | ($0.01) | ($0.12) | ' |
Weighted average number of common shares outstanding - basic and diluted | 16,506,866 | 1,467,720 | ' |
Consolidated_Statement_of_Chan
Consolidated Statement of Changes in Stockholders' Equity (Deficit) (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] |
Balance at Sep. 20, 2009 | ' | ' | ' | ' |
Balance, shares at Sep. 20, 2009 | ' | ' | ' | ' |
Issuance of common stock for cash | 9,000 | 23 | 8,977 | ' |
Issuance of common stock for cash, shares | ' | 225,000 | ' | ' |
Issuance of common stock for cash (2) | 52,500 | 8 | 52,492 | ' |
Issuance of common stock for cash (2), shares | ' | 75,000 | ' | ' |
Net loss | -20,572 | ' | ' | -20,572 |
Balance at Aug. 31, 2010 | 40,928 | 31 | 61,469 | -20,572 |
Balance, shares at Aug. 31, 2010 | ' | 300,000 | ' | ' |
Issuance of common stock for services | 620,000 | 3 | 619,997 | ' |
Issuance of common stock for services, shares | ' | 37,500 | ' | ' |
Net loss | -1,267,017 | ' | ' | -1,267,017 |
Balance at Aug. 31, 2011 | -606,089 | 34 | 681,466 | -1,287,589 |
Balance, shares at Aug. 31, 2011 | ' | 337,500 | ' | ' |
Issuance of common stock for conversion of debt | 241,853 | 25 | 241,828 | ' |
Issuance of common stock for conversion of debt, shares | ' | 247,500 | ' | ' |
Issuance of common stock for services | 315,000 | 2 | 314,998 | ' |
Issuance of common stock for services, shares | ' | 22,500 | ' | ' |
Discount on convertible notes payable | 436,913 | ' | 436,913 | ' |
Net loss | -886,997 | ' | ' | -886,997 |
Balance at Aug. 31, 2012 | -499,320 | 61 | 1,675,205 | -2,174,586 |
Balance, shares at Aug. 31, 2012 | ' | 607,500 | ' | ' |
Shares issued for rounding due to stock split | ' | 539 | ' | ' |
Issuance of common stock for conversion of debt | 479,860 | 1,462 | 478,398 | ' |
Issuance of common stock for conversion of debt, shares | ' | 14,626,300 | ' | ' |
Discount on convertible notes payable | 744,617 | ' | 744,617 | ' |
Net loss | -860,301 | ' | ' | -860,301 |
Balance at Aug. 31, 2013 | -135,144 | 1,523 | 2,898,220 | -3,034,887 |
Balance, shares at Aug. 31, 2013 | 15,234,339 | 15,234,339 | ' | ' |
Issuance of common stock for conversion of debt | 135,000 | 210 | 134,790 | ' |
Issuance of common stock for conversion of debt, shares | ' | 2,100,000 | ' | ' |
Net loss | -218,618 | ' | ' | -218,618 |
Balance at Nov. 30, 2013 | ($218,762) | $1,733 | $3,033,010 | ($3,253,505) |
Balance, shares at Nov. 30, 2013 | 17,334,339 | 17,334,339 | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | 50 Months Ended | |
Nov. 30, 2013 | Nov. 30, 2012 | Nov. 30, 2013 | |
OPERATING ACTIVITIES: | ' | ' | ' |
Net loss | ($218,618) | ($172,592) | ($3,253,505) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' | ' |
Common stock issued for services | ' | ' | 935,000 |
Loss on acquisition of 20% of Novalon | 25,000 | ' | 25,000 |
Amortization of discount on convertible note payable | 45,407 | 107,183 | 655,854 |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts receivable | -525 | ' | -525 |
Accounts payable and accrued liabilities | 46,120 | 4,248 | 138,501 |
Accrued interest payable | 13,068 | 7,400 | 88,847 |
Net cash used by operating activities | -89,548 | -53,761 | -1,410,828 |
INVESTING ACTIVITIES: | ' | ' | ' |
Cash paid to acquire 20% of Novalon | -25,000 | ' | -25,000 |
Net cash used by investing activities | -25,000 | ' | -25,000 |
FINANCING ACTIVITIES: | ' | ' | ' |
Proceeds from advances | 68,660 | 54,840 | 1,403,630 |
Proceeds from issuance of common stock | ' | ' | 61,500 |
Net cash provided by financing activities | 68,660 | 54,840 | 1,465,130 |
NET CHANGE IN CASH | -45,888 | 1,079 | 29,302 |
CASH, BEGINNING OF PERIOD | 75,190 | 2,652 | ' |
CASH, END OF PERIOD | 29,302 | 3,731 | 29,302 |
Cash paid during the period for: | ' | ' | ' |
Interest | ' | ' | ' |
Taxes | ' | ' | ' |
Common stock issued for services | ' | 315,000 | 935,000 |
Common stock issued for conversion of debt | $135,000 | $241,853 | $311,490 |
Background_Information
Background Information | 3 Months Ended |
Nov. 30, 2013 | |
Background Information [Abstract] | ' |
Background Information | ' |
1. Background Information | |
OBJ Enterprises, Inc. (the "Company"), a Florida corporation, was originally formed as Obscene Jeans Corp. to design, develop, wholesale, market, distribute and sell a woman's line of apparel using the name "Obscene Brand Jeans." On July 27, 2012, the Company changed its name to OBJ Enterprises, Inc. | |
On November 10, 2011, the Company formed Obscene Interactive, LLC ("Obscene Interactive"), a wholly-owned subsidiary to pursue emerging opportunities in the digital gaming industry. Obscene Interactive actively pursues potential acquisition targets in the online and social media industry while exploring consumer gaming trends to develop games internally through joint venture agreements and partnerships. | |
On May 9, 2012 (revised on June 9, 2012), the Company engaged Street Source, LLC to act as an independent gaming developer for the Company through a joint venture agreement. The primary focus of this partnership is to develop online and social games that leverage emerging consumer gaming portals; such as smart phones and mobile devices. On May 21, 2013, the joint venture formed Novalon Technologies, LLC ("Novalon") to act as the operating entity for the joint venture. OBJE owned 80% of Novalon. | |
The Company was incorporated on September 21, 2009 (Date of Inception) with its corporate headquarters located in Sarasota, Florida. Its fiscal year-end is August 31. |
Going_Concern
Going Concern | 3 Months Ended |
Nov. 30, 2013 | |
Going Concern [Abstract] | ' |
Going Concern | ' |
2. Going Concern | |
For the three months ended November 30, 2013, the Company had a net loss of $218,618, and negative cash flow from operating activities of $89,548. As of November 30, 2013, the Company has negative working capital of $177,334. The Company has not emerged from the development stage. | |
These factors raise a substantial doubt about the Company's ability to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern. | |
The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business. | |
Management has plans to address the Company's financial situation as follows: | |
In the near term, management plans to continue to focus on raising the funds necessary to fully implement the Company's business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company's financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company's ability to continue as a going concern. | |
In the long term, management believes that the Company's projects and initiatives will be successful and will provide cash flow to the Company which will be used to finance the Company's future growth. However, there can be no assurances that the Company's planned activities will be successful, or that the Company will ultimately attain profitability. The Company's long term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to ultimately achieve adequate profitability and cash flows from operations to sustain its operations. |
Significant_Accounting_Policie
Significant Accounting Policies | 3 Months Ended | |
Nov. 30, 2013 | ||
Significant Accounting Policies [Abstract] | ' | |
Significant Accounting Policies | ' | |
3. Significant Accounting Policies | ||
Interim Financial Statements - The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these condensed financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These financial statements should be read in conjunction with the financial statements for the year ended August 31, 2012 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the "SEC"). | ||
The results of operations for the three month period ended November 30, 2013 are not necessarily indicative of the results for the full fiscal year ending August 31, 2014. | ||
Basis of Presentation - The condensed consolidated Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC. The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States (See Note 2 regarding the assumption that the Company is a "going concern"). | ||
Principles of Consolidation - These condensed consolidated financial statements contain the accounts of the Company and its wholly owned subsidiary Obscene Interactive. All material intercompany accounts and transactions have been eliminated in consolidation. The year-end for the company and its subsidiary is August 31. | ||
Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ. | ||
Cash and cash equivalents - For the purpose of the financial statements cash equivalents include all highly liquid investments with maturity of three months or less. Cash and cash equivalents were $29,302 and $75,190 at November 30, 2013 and August 31, 2013, respectively. | ||
Cash Flows Reporting - The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method ("Indirect method") as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period. | ||
Development Stage Entity - The Company is a development stage company as defined by section ASC 915, Development Stage Entities. The Company is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company's development stage activities. The Company began generating revenue during the three months ended November 30, 2013. Once revenue exceeds a nominal amount, the Company expects to exit the development stage. | ||
Financial instruments - The Company's balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. | ||
ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below: | ||
· | Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. | |
· | Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |
· | Level 3 - Inputs that are both significant to the fair value measurement and unobservable. | |
Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of November 30, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments | ||
Share-based Expense - ASC 718, Compensation - Stock Compensation, prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). | ||
The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, Equity - Based Payments to Non-Employees. Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date. | ||
Revenue Recognition - We evaluate revenue recognition based on the criteria set forth in Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 605, Revenue Recognition and ASC 985-605, Software: Revenue Recognition. Our revenue is derived from the sale of mobile game downloads which are delivered electronically through the Google Play or iTunes platforms. Our revenue is classified as product revenue. | ||
We evaluate and recognize revenue when all four of the following criteria are met: | ||
· | Evidence of an arrangement. Evidence of an agreement with the customer that reflects the terms and conditions to deliver the related products or services must be present. | |
· | Fixed or determinable fee. Our games are sold at a fixed price which is published on the Google Play and iTunes platforms. | |
· | Collection is deemed probable. Collection is deemed probable if we expect the customer to be able to pay amounts under the arrangement as those amounts become due. Customers pay for our games prior to downloading them; however, we must still collect those funds from Google or Apple. | |
· | Delivery. For digital downloads, delivery is considered to occur when the software is made available to the customer for download. | |
Recent accounting pronouncements - Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ ("ASC") is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company. We have reviewed the FASB issued Accounting Standards Update ("ASU") accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation's reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration. |
Advances_from_Third_Parties
Advances from Third Parties | 3 Months Ended |
Nov. 30, 2013 | |
Advances from Third Parties [Abstract] | ' |
Advances from Third Parties | ' |
4. Advances from Third Parties | |
During the three months ended November 30, 2013, the Company received net, non-interest bearing advances from certain third parties totaling $68,660. The total amount due under these advances as of November 30, 2013 and August 31, 2013 was $68,660 and $0, respectively. These advances are not collateralized and are due on demand. |
Convertible_notes_payable
Convertible notes payable | 3 Months Ended | |||||||
Nov. 30, 2013 | ||||||||
Convertible notes payable [Abstract] | ' | |||||||
Convertible notes payable | ' | |||||||
5. Convertible notes payable | ||||||||
Convertible notes payable consist of the following as of November 30, 2013 and August 31, 2013: | ||||||||
30-Nov-13 | August 31, | |||||||
2013 | ||||||||
Convertible note payable, dated August 31, 2011, bearing interest at 10% per annum, matures on August 31, 2013 and convertible into shares of common stock at $0.05 per share | - | 19,468 | ||||||
Convertible note payable, dated January 31, 2013, bearing interest at 10% per annum, matures on January 31, 2015 and convertible into shares of common stock at $0.10 | 243 | 50,412 | ||||||
Convertible note payable, dated May 31, 2013, bearing interest at 10% per annum, matures on May 31, 2015 and convertible into shares of common stock at $0.05 | 172,450 | 172,450 | ||||||
Convertible note payable, dated August 31, 2013, bearing interest at 10% per annum, matures on August 31, 2015 and convertible into shares of common stock at $0.05 | 323,895 | 323,895 | ||||||
Accrued interest payable | 21,369 | 73,664 | ||||||
Total convertible notes payable and accrued interest | 517,957 | 639,889 | ||||||
Less: current portion of convertible notes payable and accrued interest | - | (76,617 | ) | |||||
Less: discount on noncurrent convertible notes payable | (476,529 | ) | (521,630 | ) | ||||
Noncurrent convertible notes payable, net of discount | $ | 41,428 | $ | 41,642 | ||||
The Company accrued interest in the amount of $13,068 during the three months ended November 30, 2013. This amount was unpaid as of November 30, 2013 and is included in convertible notes payable as of that date. During the three months ended November 30, 2013, discount on convertible notes payable in the amount of $45,407 was amortized to interest expense. | ||||||||
During the three months ended November 30, 2013, the holders of the Convertible Note Payable dated August 31, 2011, elected to convert principal and accrued interest in the amounts shown below into shares of common stock at a rate of $0.05 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement. | ||||||||
Date | Amount Converted | Number of | Unamortized Discount | |||||
Shares Issued | ||||||||
1-Oct-13 | 30,000 | 600,000 | ||||||
4-Oct-13 | 30,000 | 600,000 | ||||||
15-Oct-14 | 15,000 | 300,000 | ||||||
Total | $ 75,000 | 1,500,000 | $ - | |||||
During the three months ended November 30, 2013, the holders of the Convertible Note Payable dated January 31, 2013, elected to convert principal and accrued interest in the amounts shown below into shares of common stock at a rate of $0.10 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement. | ||||||||
Date | Amount Converted | Number of | Unamortized Discount | |||||
Shares Issued | ||||||||
8-Oct-13 | $ 60,000 | 600,000 | $ 21,805 | |||||
Total | $ 60,000 | 600,000 | $ 21,805 |
Stockholders_Equity
Stockholders' Equity | 3 Months Ended |
Nov. 30, 2013 | |
Stockholders' Equity [Abstract] | ' |
Stockholders' Equity | ' |
6. Stockholders' Equity | |
Preferred | |
The Company's Board of Directors has authorized 10,000,000 million shares of preferred stock with a par value of $0.0001 to be issued in series with terms and conditions to be determined by the Board of Directors. As of November 30, 2013 and August 31, 2013, no preferred stock was issued or outstanding. | |
Common | |
The Company has authorized 100,000,000 shares of $0.0001 par value common stock. There were 17,334,339 and 15,234,339 shares of common stock outstanding as of November 30, 2013 and August 31, 2013, respectively. | |
On November 13, 2012, the Company effected a one-for-forty reverse stock split. All share and per share amounts have been retroactively restated to reflect the reverse split. | |
On September 4, 2012, the Company issued 126,300 shares of common stock as a result of the conversion of the Convertible Note Payable in the amount of $25,260. | |
On November 16, 2012, the Company issued 5,260,000 shares of common stock as a result of the conversion of the Convertible Note Payable in the amount of $52,600. | |
On November 26, 2012, the Company issued 1,160,000 shares of common stock as a result of the conversion of the Convertible Note Payable in the amount of $58,000. | |
On February 5, 2013, the Company issued 700,000 shares of common stock as a result of the conversion of the Convertible Note Payable in the amount of $35,000. | |
On April 2, 2013, the Company issued 780,000 shares of common stock as a result of the conversion of the Convertible Note Payable in the amount of $7,800. | |
On April 8, 2013, the Company issued 780,000 shares of common stock as a result of the conversion of the Convertible Note Payable in the amount of $7,800. | |
On April 26, 2013, the Company issued 460,000 shares of common stock as a result of the conversion of the Convertible Note Payable in the amount of $4,600. | |
On May 17, 2013, the Company issued 980,000 shares of common stock as a result of the conversion of the Convertible Note Payable in the amount of $9,800. | |
On May 23, 2013, the Company issued 490,000 shares of common stock as a result of the conversion of the Convertible Note Payable in the amount of $24,500. | |
On June 4, 2013, the holders of the Convertible Note Payable dated August 31, 2011 elected to convert principal in the amount of $24,500 into 490,000 shares of common stock in accordance with the terms of the note. | |
On June 6, 2013, the holders of the Convertible Note Payable dated August 31, 2011 elected to convert principal in the amount of $25,000 into 500,000 shares of common stock in accordance with the terms of the note. | |
On June 19, 2013, the holders of the Convertible Note Payable dated August 31, 2011 elected to convert principal in the amount of $25,000 into 500,000 shares of common stock in accordance with the terms of the note. | |
On June 20, 2013, the Company signed a joint venture agreement with Bluff Wars, Inc. to develop the Bluff Wars mobile game application for the Android operating system and market ("Bluff Wars Game"). Under the terms of the joint venture agreement, the Company will provide funding of up to $30,000 for the development costs and consulting services for marketing the Bluff Wars Game. The Company will receive between 10 and 20 percent of the profits from the Bluff Wars Game depending on the amount of the Company's contribution to the project. |
Acquisition_of_Novalon
Acquisition of Novalon | 3 Months Ended |
Nov. 30, 2013 | |
Acquisition of Novalon [Abstract] | ' |
Acquisition of Novalon | ' |
7. Acquisition of Novalon | |
On October 4, 2013, OBJE purchased Source Street's interest in Novalon and Source Street's rights to 20% of the game and profits that resulted from the Revised Joint Venture Agreement. As of October 4, 2013, Novalon's brand name and intellectual property under Novalon Games are collectively a wholly owned subsidiary of the Company. OBJE paid a total of $25,000 to acquire this interest from Source Street, with $20,000 paid immediately and the remaining $5,000 was paid upon the successful completion of the Creature Taverns game. This acquisition represented the acquisition on the remaining 20% of Novalon as OBJE owned 80% under the Revised Joint Venture Agreement. This was an acquisition of a company already controlled by OBJE. No amounts were recognized on the balance sheet as a result of this acquisition as Novalon had no assets prior to the acquisition. In accordance with ASC 985-20-25-1, all costs incurred to establish technological feasibility of a computer software product to be sold are research and development costs. The costs to acquire Novalon were expensed as a loss on the acquisition of 20% of Novalon. |
Subsequent_Events
Subsequent Events | 3 Months Ended | ||||||
Nov. 30, 2013 | |||||||
Subsequent Events [Abstract] | ' | ||||||
Subsequent Events | ' | ||||||
8. Subsequent Events | |||||||
Management has evaluated subsequent events through the date the financial statements were issued: | |||||||
During the three months ended November 30, 2013, the holders of the Convertible Note Payable dated May 31, 2013, elected to convert principal and accrued interest in the amounts shown below into shares of common stock at a rate of $0.05 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement. | |||||||
Date | Amount Converted | Number of Shares Issued | Unamortized Discount | ||||
2-Dec-13 | $ 80,000 | 1,600,000 | $ 53,591 | ||||
Total | $ 80,000 | 1,600,000 | $ 53,591 | ||||
Based on our evaluation no other events have occurred requiring adjustment or disclosure. |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 3 Months Ended | |
Nov. 30, 2013 | ||
Significant Accounting Policies [Abstract] | ' | |
Interim Financial Statements | ' | |
Interim Financial Statements - The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these condensed financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These financial statements should be read in conjunction with the financial statements for the year ended August 31, 2012 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the "SEC"). | ||
The results of operations for the three month period ended November 30, 2013 are not necessarily indicative of the results for the full fiscal year ending August 31, 2014. | ||
Basis of Presentation | ' | |
Basis of Presentation - The condensed consolidated Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC. The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States (See Note 2 regarding the assumption that the Company is a "going concern"). | ||
Principles of Consolidation | ' | |
Principles of Consolidation - These condensed consolidated financial statements contain the accounts of the Company and its wholly owned subsidiary Obscene Interactive. All material intercompany accounts and transactions have been eliminated in consolidation. The year-end for the company and its subsidiary is August 31. | ||
Use of Estimates | ' | |
Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ. | ||
Cash and cash equivalents | ' | |
Cash and cash equivalents - For the purpose of the financial statements cash equivalents include all highly liquid investments with maturity of three months or less. Cash and cash equivalents were $29,302 and $75,190 at November 30, 2013 and August 31, 2013, respectively. | ||
Cash Flows Reporting | ' | |
Cash Flows Reporting - The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method ("Indirect method") as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period. | ||
Development Stage Entity | ' | |
Development Stage Entity - The Company is a development stage company as defined by section ASC 915, Development Stage Entities. The Company is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company's development stage activities. The Company began generating revenue during the three months ended November 30, 2013. Once revenue exceeds a nominal amount, the Company expects to exit the development stage. | ||
Financial instruments | ' | |
Financial instruments - The Company's balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. | ||
ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below: | ||
· | Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. | |
· | Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |
· | Level 3 - Inputs that are both significant to the fair value measurement and unobservable. | |
Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of November 30, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments | ||
Share-based Expense | ' | |
Share-based Expense - ASC 718, Compensation - Stock Compensation, prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). | ||
The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, Equity - Based Payments to Non-Employees. Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date. | ||
Revenue Recognition | ' | |
Revenue Recognition - We evaluate revenue recognition based on the criteria set forth in Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 605, Revenue Recognition and ASC 985-605, Software: Revenue Recognition. Our revenue is derived from the sale of mobile game downloads which are delivered electronically through the Google Play or iTunes platforms. Our revenue is classified as product revenue. | ||
We evaluate and recognize revenue when all four of the following criteria are met: | ||
· | Evidence of an arrangement. Evidence of an agreement with the customer that reflects the terms and conditions to deliver the related products or services must be present. | |
· | Fixed or determinable fee. Our games are sold at a fixed price which is published on the Google Play and iTunes platforms. | |
· | Collection is deemed probable. Collection is deemed probable if we expect the customer to be able to pay amounts under the arrangement as those amounts become due. Customers pay for our games prior to downloading them; however, we must still collect those funds from Google or Apple. | |
· | Delivery. For digital downloads, delivery is considered to occur when the software is made available to the customer for download. | |
Recent accounting pronouncements | ' | |
Recent accounting pronouncements - Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ ("ASC") is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company. We have reviewed the FASB issued Accounting Standards Update ("ASU") accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation's reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration. | ||
Convertible_notes_payable_Tabl
Convertible notes payable (Tables) | 3 Months Ended | |||||||
Nov. 30, 2013 | ||||||||
Convertible notes payable [Abstract] | ' | |||||||
Schedule of Convertible Notes Payable | ' | |||||||
Convertible notes payable consist of the following as of November 30, 2013 and August 31, 2013: | ||||||||
30-Nov-13 | August 31, | |||||||
2013 | ||||||||
Convertible note payable, dated August 31, 2011, bearing interest at 10% per annum, matures on August 31, 2013 and convertible into shares of common stock at $0.05 per share | - | 19,468 | ||||||
Convertible note payable, dated January 31, 2013, bearing interest at 10% per annum, matures on January 31, 2015 and convertible into shares of common stock at $0.10 | 243 | 50,412 | ||||||
Convertible note payable, dated May 31, 2013, bearing interest at 10% per annum, matures on May 31, 2015 and convertible into shares of common stock at $0.05 | 172,450 | 172,450 | ||||||
Convertible note payable, dated August 31, 2013, bearing interest at 10% per annum, matures on August 31, 2015 and convertible into shares of common stock at $0.05 | 323,895 | 323,895 | ||||||
Accrued interest payable | 21,369 | 73,664 | ||||||
Total convertible notes payable and accrued interest | 517,957 | 639,889 | ||||||
Less: current portion of convertible notes payable and accrued interest | - | (76,617 | ) | |||||
Less: discount on noncurrent convertible notes payable | (476,529 | ) | (521,630 | ) | ||||
Noncurrent convertible notes payable, net of discount | $ | 41,428 | $ | 41,642 | ||||
Convertible Promissory Note dated January 31, 2013 [Member] | ' | |||||||
Debt Instrument [Line Items] | ' | |||||||
Schedule of Convertible Notes Having Been Converted | ' | |||||||
Date | Amount Converted | Number of | Unamortized Discount | |||||
Shares Issued | ||||||||
8-Oct-13 | $ 60,000 | 600,000 | $ 21,805 | |||||
Total | $ 60,000 | 600,000 | $ 21,805 | |||||
Convertible Promissory Note dated August 31, 2011 [Member] | ' | |||||||
Debt Instrument [Line Items] | ' | |||||||
Schedule of Convertible Notes Having Been Converted | ' | |||||||
Date | Amount Converted | Number of | Unamortized Discount | |||||
Shares Issued | ||||||||
1-Oct-13 | 30,000 | 600,000 | ||||||
4-Oct-13 | 30,000 | 600,000 | ||||||
15-Oct-14 | 15,000 | 300,000 | ||||||
Total | $ 75,000 | 1,500,000 | $ - |
Subsequent_Events_Tables
Subsequent Events (Tables) | 3 Months Ended | ||||||
Nov. 30, 2013 | |||||||
Subsequent Events [Abstract] | ' | ||||||
Schedule of Subsequent Events | ' | ||||||
Date | Amount Converted | Number of Shares Issued | Unamortized Discount | ||||
2-Dec-13 | $ 80,000 | 1,600,000 | $ 53,591 | ||||
Total | $ 80,000 | 1,600,000 | $ 53,591 |
Going_Concern_Details
Going Concern (Details) (USD $) | 3 Months Ended | 11 Months Ended | 12 Months Ended | 50 Months Ended | |||
Nov. 30, 2013 | Nov. 30, 2012 | Aug. 31, 2010 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2011 | Nov. 30, 2013 | |
Going Concern [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Net loss | $218,618 | $172,592 | $20,572 | $860,301 | $886,997 | $1,267,017 | $3,253,505 |
Working capital | 177,334 | ' | ' | ' | ' | ' | 177,334 |
Net cash used in operations | $89,548 | $53,761 | ' | ' | ' | ' | $1,410,828 |
Significant_Accounting_Policie2
Significant Accounting Policies (Details) (USD $) | Nov. 30, 2013 | Aug. 31, 2013 | Nov. 30, 2012 | Aug. 31, 2012 |
Significant Accounting Policies [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | $29,302 | $75,190 | $3,731 | $2,652 |
Advances_from_Third_Parties_De
Advances from Third Parties (Details) (USD $) | 3 Months Ended | 50 Months Ended | ||
Nov. 30, 2013 | Nov. 30, 2012 | Nov. 30, 2013 | Aug. 31, 2013 | |
Advances from Third Parties [Abstract] | ' | ' | ' | ' |
Proceeds from advances | $68,660 | $54,840 | $1,403,630 | ' |
Advances payable | $68,660 | ' | $68,660 | ' |
Convertible_notes_payable_Narr
Convertible notes payable (Narrative) (Details) (USD $) | 3 Months Ended | 50 Months Ended | |
Nov. 30, 2013 | Nov. 30, 2012 | Nov. 30, 2013 | |
Debt Instrument [Line Items] | ' | ' | ' |
Interest expense | $13,068 | ' | ' |
Amortization of discount on convertible note payable | $45,407 | $107,183 | $655,854 |
Convertible_notes_payable_Sche
Convertible notes payable (Schedule of Convertible Notes Payable) (Details) (USD $) | 3 Months Ended | |
Nov. 30, 2013 | Aug. 31, 2013 | |
Debt Instrument [Line Items] | ' | ' |
Accrued interest payable | $21,369 | $73,664 |
Total convertible notes payable and accrued interest | 517,957 | 639,889 |
Less: current portion of convertible notes payable and accrued interest | ' | -76,617 |
Less: discount on noncurrent convertible notes payable | -476,529 | -521,630 |
Noncurrent convertible notes payable, net of discount | 41,428 | 41,642 |
Convertible Promissory Note dated August 31, 2011 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, interest rate | 10.00% | ' |
Debt instrument, maturity date | 31-Aug-13 | ' |
Debt conversion, price per share | $0.05 | ' |
Convertible note payable, gross | ' | 19,468 |
Convertible Promissory Note dated January 31, 2013 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, interest rate | 10.00% | ' |
Debt instrument, maturity date | 31-Jan-15 | ' |
Debt conversion, price per share | $0.10 | ' |
Convertible note payable, gross | 243 | 50,412 |
Convertible Promissory Note dated May 31, 2013 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, interest rate | 10.00% | ' |
Debt instrument, maturity date | 31-May-15 | ' |
Debt conversion, price per share | $0.05 | ' |
Convertible note payable, gross | 172,450 | 172,450 |
Convertible Promissory Note dated August 31, 2013 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, interest rate | 10.00% | ' |
Debt instrument, maturity date | 31-Aug-15 | ' |
Debt conversion, price per share | $0.05 | ' |
Convertible note payable, gross | $323,895 | $323,895 |
Convertible_notes_payable_Sche1
Convertible notes payable (Schedule of Convertible Notes Payable Having Been Converted) (Details) (USD $) | 3 Months Ended |
Nov. 30, 2013 | |
Convertible Promissory Note dated August 31, 2011 [Member] | ' |
Debt Conversion [Line Items] | ' |
Amount Converted | $75,000 |
Number of Shares Issued | 1,500,000 |
Unamortized Discount | ' |
Convertible Promissory Note dated August 31, 2011 [Member] | October 1, 2013 [Member] | ' |
Debt Conversion [Line Items] | ' |
Amount Converted | 30,000 |
Number of Shares Issued | 600,000 |
Unamortized Discount | ' |
Convertible Promissory Note dated August 31, 2011 [Member] | October 4, 2013 [Member] | ' |
Debt Conversion [Line Items] | ' |
Amount Converted | 30,000 |
Number of Shares Issued | 600,000 |
Unamortized Discount | ' |
Convertible Promissory Note dated August 31, 2011 [Member] | October 15, 2014 [Member] | ' |
Debt Conversion [Line Items] | ' |
Amount Converted | 15,000 |
Number of Shares Issued | 300,000 |
Unamortized Discount | ' |
Convertible Promissory Note dated January 31, 2013 [Member] | ' |
Debt Conversion [Line Items] | ' |
Amount Converted | 60,000 |
Number of Shares Issued | 600,000 |
Unamortized Discount | 21,805 |
Convertible Promissory Note dated January 31, 2013 [Member] | October 8, 2013 [Member] | ' |
Debt Conversion [Line Items] | ' |
Amount Converted | 60,000 |
Number of Shares Issued | 600,000 |
Unamortized Discount | $21,805 |
Stockholders_Equity_Details
Stockholders' Equity (Details) (USD $) | 1 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | ||||||||||||||
Feb. 28, 2013 | Nov. 30, 2012 | Sep. 30, 2012 | Nov. 30, 2013 | Aug. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Nov. 30, 2013 | 31-May-13 | Apr. 30, 2013 | Nov. 30, 2012 | Jun. 30, 2013 | 31-May-13 | Apr. 30, 2013 | Nov. 30, 2012 | Jun. 30, 2013 | Apr. 30, 2013 | Jun. 30, 2013 | |
Bluff Wars Joint Venture [Member] | Bluff Wars Joint Venture [Member] | Convertible Promissory Note dated August 31, 2011 [Member] | Stockholders Equity Transaction One [Member] | Stockholders Equity Transaction One [Member] | Stockholders Equity Transaction One [Member] | Stockholders Equity Transaction One [Member] | Stockholders Equity Transaction Two [Member] | Stockholders Equity Transaction Two [Member] | Stockholders Equity Transaction Two [Member] | Stockholders Equity Transaction Two [Member] | Stockholders Equity Transaction Three [Member] | Stockholders Equity Transaction Three [Member] | ||||||
Maximum [Member] | Minimum [Member] | Convertible Promissory Note dated August 31, 2011 [Member] | Convertible Promissory Note dated August 31, 2011 [Member] | Convertible Promissory Note dated August 31, 2011 [Member] | ||||||||||||||
Stockholders Equity Note [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Shares Authorized | ' | ' | ' | 10,000,000 | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, par value per share | ' | ' | ' | $0.00 | $0.00 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Shares Issued | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Shares Outstanding | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Shares Authorized | ' | ' | ' | 100,000,000 | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, par value per share | ' | ' | ' | $0.00 | $0.00 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares outstanding | ' | ' | ' | 17,334,339 | 15,234,339 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares issued | ' | ' | ' | 17,334,339 | 15,234,339 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock split ratio | ' | 0.025 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for conversion of debt | $35,000 | ' | $25,260 | ' | ' | ' | ' | ' | $9,800 | $7,800 | $52,600 | ' | $24,500 | $7,800 | $58,000 | ' | $4,600 | ' |
Issuance of common stock for conversion of debt, shares | 700,000 | ' | 126,300 | ' | ' | ' | ' | ' | 980,000 | 780,000 | 5,260,000 | ' | 490,000 | 780,000 | 1,160,000 | ' | 460,000 | ' |
Debt conversion, original debt, amount converted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,500 | ' | ' | ' | 25,000 | ' | 25,000 |
Debt conversion, shares issued | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | ' | ' | ' | 490,000 | ' | ' | ' | 500,000 | ' | 500,000 |
Payments for Advance to Affiliate | ' | ' | ' | ' | ' | $30,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of profit receivables from joint venture | ' | ' | ' | ' | ' | 20.00% | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition_of_Novalon_Details
Acquisition of Novalon (Details) (USD $) | 1 Months Ended | |
Oct. 30, 2013 | Oct. 04, 2013 | |
Source Street, LLC Amended Joint Venture Agreement [Member] | ' | ' |
Joint Venture Agreements [Line Items] | ' | ' |
Capital contribution to invest in joint venture | $20,000 | ' |
The company's ownership percentage in the joint venture | ' | 80.00% |
The total consideration paid by the company to purchase the remaining ownership percentage from the partner in joint venture | 25,000 | ' |
Novalon Joint Venture Agreement [Member] | ' | ' |
Joint Venture Agreements [Line Items] | ' | ' |
The company's ownership percentage in the joint venture | ' | 20.00% |
Creature Taverns [Member] | ' | ' |
Joint Venture Agreements [Line Items] | ' | ' |
Capital contribution to invest in joint venture | $5,000 | ' |
Subsequent_Events_Schedule_of_
Subsequent Events (Schedule of Convertible Notes Payable Having Been Converted) (Details) (Convertible Promissory Note dated May 31, 2013 [Member], USD $) | 3 Months Ended |
Nov. 30, 2013 | |
Subsequent Event [Line Items] | ' |
Debt conversion, price per share | $0.05 |
Subsequent Event [Member] | ' |
Subsequent Event [Line Items] | ' |
Amount Converted | $80,000 |
Number of Shares Issued | 1,600,000 |
Unamortized Discount | 53,591 |
Debt conversion, price per share | $0.05 |
December 2, 2013 [Member] | Subsequent Event [Member] | ' |
Subsequent Event [Line Items] | ' |
Amount Converted | 80,000 |
Number of Shares Issued | 1,600,000 |
Unamortized Discount | $53,591 |