VinCompass (VCPS) 10-Q 13 Jan 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Nov. 30, 2015	Jan. 13, 2016
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2015
Trading Symbol	tigyd
Entity Registrant Name	VinCompass Corp.
Entity Central Index Key	1,490,949
Current Fiscal Year End Date	--02-29
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		42,500,000
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

Balance Sheets

Balance Sheets - USD ($)	Nov. 30, 2015	Feb. 28, 2015
Current assets
Cash and cash equivalents	$ 2,202	$ 47
Total Assets	2,202	47
Current liabilities
Accounts payable	6,983	0
Accrued expenses	3,000	9,490
Notes payable	22,531	22,531
Accrued interest	4,813	3,139
Advances from stockholders	77,000	42,000
Total current liabilities	114,327	77,160
Stockholders' Deficit
Common stock, 400,000,000 shares authorized, par value $.001 8,500,000 shares issued and outstanding	8,500	8,500
Additional paid-in capital	111,500	111,500
Accumulated deficit	(232,125)	(197,113)
Total stockholders' deficit	(112,125)	(77,113)
Total liabilities and stockholders' equity	$ 2,202	$ 47

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Nov. 30, 2015	Feb. 28, 2015
Common Stock, Shares Authorized	400,000,000	400,000,000
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Issued	8,500,000	8,500,000
Common Stock, Shares, Outstanding	8,500,000	8,500,000

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Operating Expenses
Professional fees	$ 588	$ 3,884	$ 2,084	$ 16,705
General and administrative expenses	9,280	1,895	31,254	7,587
Total operating expenses	9,868	5,779	33,338	24,292
Other Expense
Interest expense	554	553	1,674	1,562
Total other expense	554	553	1,674	1,562
Net loss	$ 10,422	$ 6,332	$ 35,012	$ 25,854
Basic and diluted loss per common share	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares used in per share calculations	8,500,000	8,500,000	8,500,000	8,500,000

Statement of Cash Flows

Statement of Cash Flows - USD ($)	9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Cash flows used in operating activities
Net loss	$ (35,012)	$ (25,854)
Changes in operating assets and liabilities
Accounts payable	6,984	0
Accrued interest on promissory note	1,673	0
Accrued expenses	(6,490)	1,162
Cash used in operating activities	(32,845)	(24,692)
Cash flows from financing activities
Advance from shareholders	35,000	20,000
Notes payable	0	5,000
Cash provided by financing activities	35,000	25,000
Increase in cash and cash equivalents	2,155	308
Cash and cash equivalents - Beginning of period	47	409
Cash and cash equivalents - End of period	2,202	717
Supplemental Disclosures regarding cash flows
Interest paid	0	0
Income taxes paid	$ 0	$ 0

Statement of Changes in Stockho

Statement of Changes in Stockholders Equity - 9 months ended Nov. 30, 2015 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Deficit Accumulated during the Exploration Stage [Member]	Total
Beginning Balance at Feb. 28, 2015	$ 8,500	$ 111,500	$ (197,113)	$ (77,113)
Beginning Balance (Shares) at Feb. 28, 2015	8,500,000
Net loss			(35,012)	(35,012)
Ending Balance at Nov. 30, 2015	$ 8,500	$ 111,500	$ (232,125)	$ (112,125)
Ending Balance (Shares) at Nov. 30, 2015	8,500,000

Organization and Operations

Organization and Operations	9 Months Ended
	Nov. 30, 2015
Organization and Operations [Text Block]	Note 1 - Organization and Operations Tiger Jiujiang Mining, Inc., (“Tiger” or the “Company”) was incorporated on January 28, 2010, under the laws of the State of Wyoming. The Company has an option agreement (“Option to Purchase and Royalty Agreement”) with Kiukiang Gold Mining Company, granting it the exclusive right and option to acquire 50% of the right, title and interest in the Tiger mining property situated near Ruichang City, Jiangxi Province, China, consisting of a claim block covering 2,402 acres. On November 22, 2015, by unanimous vote of Tiger’s shareholders, the Company entered into a Share Exchange Agreement with VinCompass Corp., a California corporation, the shareholders of VinCompass and the controlling stockholders of the Company (by unanimous vote). The Company’s business plan is to proceed with the development of the VinCompass business plan and to terminate further work on the Tiger mining property.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Nov. 30, 2015
Summary of Significant Accounting Policies [Text Block]	Note 2 - Summary of Significant Accounting Policies Basis of Presentation – Unaudited Interim Financial Information The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for the interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim period presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the financial statements of the Company for the year ended February 28, 2015, and notes thereto contained in the information filed as part of the Company’s Form 10-K, which was filed on May 19, 2015.

Going Concern

Going Concern	9 Months Ended
	Nov. 30, 2015
Going Concern [Text Block]	Note 3 – Going Concern The Company's financial statements have been prepared assuming that it will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in the financial statements, the Company had an accumulated deficit at November 30, 2015, a net loss and net cash used in operating activities for the reporting period then ended. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company is attempting to commence operations and generate sufficient revenue; however, its cash position may not be sufficient to support its daily operations. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon its ability to further implement its business plan and generate sufficient revenue and in its ability to raise additional funds. The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Notes Payable

Notes Payable	9 Months Ended
	Nov. 30, 2015
Notes Payable [Text Block]	Note 4 – Notes Payable Issuance of Promissory Note On January 6, 2014 the Company issued a promise note (to the “Lender”) up to the sum of Fifty Thousand Dollars ($50,000.00), together with interest thereon computed from the date of receipt of any funds as advanced by the Lender at seven and one-half percent ( 7.5%) per annum retroactive to the first advance made on June 12, 2013, and may be updated with further advances and repayments of this note from time to time. All interest, principal and other costs hereunder shall be due and payable to the Lender on December 31, 2014 (the “Due Date”). On December 31, 2014, the note holder agreed not to call the note until December 31, 2015. The balance has not been paid as of the date of the filing of this periodic report and, therefore, the amount due is in default. The principal amount of the note was $22,531 as of November 30, 2015. The Company recorded $1,674 and $1,562 in interest expense for the nine-month period ended November 30, 2015 and 2014, respectively.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Nov. 30, 2015
Related Party Transactions [Text Block]	Note 5 – Related Party Transactions Related Parties Related parties with whom the Company had transactions are: Related Parties Relationship Related Party Transactions LACHAPELLE, Peter Chairman, President, CEO None Former Chairman, President, CEO, CHANG, Ya-Ping significant stockholder and director None Advances from Stockholders From time to time, a stockholder of the Company advances funds to the Company for working capital purposes. The interest rate attached to all the advances made by the “second shareholder” is zero ( 0%). All advances made from or in prior years, a total of $42,000, is in default as of November 30, 2015. Each of the second shareholders advances bear a conversion feature whereby the conversion price must be agreed to between both Tiger and the shareholder before it can be converted at some undetermined date in the future. Advances from stockholders consisted of the following: November 30, 2015 February 28, 2015 In July 2013, one stockholder of the Company advanced $12,000 due July 2, 2015 to the Company for working capital purposes. $ 12,000 $ 12,000 In May 2014, another stockholder ("second stockholder") of the Company advanced $8,000 due June 30, 2015 to the Company for working capital purposes. 8,000 8,000 On September 22, 2014, the second stockholder advanced $12,000 due October 31, 2015 to the Company for working capital purposes. 12,000 12,000 On January 2, 2015, the second stockholder advanced $10,000 due June 30, 2015 to the Company for working capital purpose. 10,000 10,000 On March 26, 2015, the second stockholder advanced $16,000 due April 30, 2016 to the Company for working capital purpose. 16,000 - On September 14, 2015, the second stockholder advanced $9,000 due September 14, 2016, to the Company for working capital purpose. 9,000 - On July 15, 2015, the second stockholder advanced $10,000 due July 15, 2016, to the Company for working capital purpose. 10,000 - Total: convertible notes payable 77,000 42,000

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Nov. 30, 2015
Commitments and Contingencies [Text Block]	Note 6 – Commitments and Contingencies Option to Purchase and Royalty Agreement On February 22, 2010, Tiger Jiujiang Mining, Inc. entered into an option agreement, subsequently amended on May 2, 2011, May 22, 2013, and August 31, 2014, (“Option to Purchase and Royalty Agreement”) with Kiukiang Gold Mining Company (“Kiukiang”). Under the terms of the agreement and the various amendments, Kiukiang granted Tiger the right to acquire 50% of the right, title and interest of Kiukiang in the property, subject to its receiving annual payments and a royalty, in accordance with the terms of the agreement, as follows: (a) Tiger contributing exploration expenditures on the property of a minimum of $15,000 on or before August 31, 2012 ($20,000 paid to Kiukiang on August 31, 2012 and expensed as part of the Phase I exploration program); (b) Tiger contributing exploration expenditures of a further $45,000 for aggregate minimum contributed exploration expenses of $60,000 on or before November 30, 2015; (c) Tiger shall allot and issue 1,000,000 shares in the capital of Tiger to Kiukiang upon completion of a phase I exploration program as recommended by a competent geologist with the proviso that the report recommends further work be carried out on the Tiger property; (d) Tiger will pay Kiukiang an annual royalty equal to three percent ( 3%) of Net Smelter Returns; (e) Upon exercise of the option, Tiger will pay Kiukiang $25,000 per annum commencing on August 31, 2018, as prepayment of the NSR; and (f) Tiger has the right to acquire an additional 25% of the right, title and interest in and to the property by the payment of $10,000 and by incurring an additional $50,000 in exploration expenditures on or before August 31, 2017. Further, the Agreement and the Option will terminate: (a) On November 30, 2015, at 11:59 P.M., unless on or before that date, Tiger has incurred exploration expenditures of a cumulative minimum of $60,000 on the Property; (b) at 11:59 P.M. on August 31 of each and every year, commencing on August 31, 2018, unless Tiger has paid to Kiukiang the sum of $25,000 on or before that date. With the Closing of the Share Acquisition Agreement, the option on the Tiger Property will be terminated and all obligations under the Option to Purchase AND Royalty Agreement will be terminated.

Subsequent Events

Subsequent Events	9 Months Ended
	Nov. 30, 2015
Subsequent Events [Text Block]	Note 7 – Subsequent Events The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. Corporate Name Change, Symbol Change and Forward Stock Split On November 22, 2015, the Company’s Board of Directors, having received the unanimous written consent of the shareholders of the Company’s outstanding shares of common stock, approved: (i) an amendment to the Company’s Articles of Incorporation to change the Company’s name from Tiger Jiujiang Mining, Inc. to VinCompass Corp. (the “Corporate Name Change”); (ii) a change to the Company’s OTC trading symbol from TIGY to VCPS (the “Symbol Change”); and, a 5 -for- 1 forward stock split (“Forward Split”) of the issued and outstanding shares of Common Stock of the Company, payable as a dividend. As a result of the Amendment, on December 7, 2015, the Company changed its name from Tiger Jiujiang Mining, Inc. to VinCompass Corp and increased the total authorized stock of the Corporation from 400,000,000 to 402,000,000 shares consisting of: (i) 400,000,000 shares of common stock, par value $0.001 per share (“Common Stock”); and (ii) 2,000,000 shares of preferred stock, par value $0.001 per share (“Preferred Stock”). The Preferred Stock shall have 100:1 voting rights, wherein for every 1 share of Preferred Stock held, the Holder shall have 100 common stock votes. The Preferred Stock shall have a conversion right of 10:1, wherein every 1 share of Preferred Stock may be converted into 10 shares of Common Stock. Under Wyoming corporation law, the consent of the holders of a majority of the voting power is effective as stockholders' approval. An Information Statement on Schedule 14 pertaining to the Corporate Name Change, Symbol Change, and Forward Split was not required as the shareholders unanimously voted in favor of the corporate action. As a result of the Share Exchange Agreement, at the Closing Date: (a) each outstanding VinCompass Share will be cancelled, extinguished and converted into and became the right to receive a pro rata portion of the Tiger Shares which equaled the number of VinCompass Shares held by each VinCompass Shareholder multiplied by the exchange ratio of 5 to 1 (the “Exchange Ratio”), rounded, if necessary, up to the nearest whole share. Based on the Exchange Ratio, the VinCompass Shareholders will own a total of 26,000,000 post-split restricted shares of common stock of the Company. (b) Chang Ya-Ping will irrevocably cancel a total of 25,000,000 restricted shares of common stock of the Company. (c) Prior to the Closing Date, Chang Ya-Ping resigned as the President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer of the Company on November 25, 2015 and shall remain a member of the board of directors of the Company until the Closing Date, and Mr. Peter Lachapelle was appointed as the President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and as a member of the Board of Directors of the Company on November 25, 2015. (d) On December 24, 2015, the Company authorized the issuance of one million (1,000,000) shares of preferred stock, par value $0.001 per share, to Chang Ya-Ping, the Company’s former President. The shares have not yet been issued as of the date of this filing. On December 14, 2015, FINRA approved the Corporate Name Change, Symbol Change, and the Forward Split took effect on December 15, 2015. The Forward Split shares are payable upon surrender of certificates to the Company's transfer agent. Accordingly, the Company’s symbol changed to TIGYD to reflect the Forward Split and Symbol Change and twenty (20) business days thereafter, the “D” will be removed and the symbol will change to VCPS. Share Issuance On December 24, 2015, the Company authorized the issuance of one million ( 1,000,000) shares of preferred stock, par value $0.001 per share, to Chang Ya-Ping, the Company’s former President. The shares have not yet been issued as of the date of this filing. Management of the Company has determined that there were no other reportable subsequent events to be disclosed.

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Nov. 30, 2015
Basis of Presentation Unaudited Interim Financial Information [Policy Text Block]	Basis of Presentation – Unaudited Interim Financial Information The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for the interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim period presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the financial statements of the Company for the year ended February 28, 2015, and notes thereto contained in the information filed as part of the Company’s Form 10-K, which was filed on May 19, 2015.

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Nov. 30, 2015
Schedule of Related Party Transactions [Table Text Block]	November 30, 2015 February 28, 2015 In July 2013, one stockholder of the Company advanced $12,000 due July 2, 2015 to the Company for working capital purposes. $ 12,000 $ 12,000 In May 2014, another stockholder ("second stockholder") of the Company advanced $8,000 due June 30, 2015 to the Company for working capital purposes. 8,000 8,000 On September 22, 2014, the second stockholder advanced $12,000 due October 31, 2015 to the Company for working capital purposes. 12,000 12,000 On January 2, 2015, the second stockholder advanced $10,000 due June 30, 2015 to the Company for working capital purpose. 10,000 10,000 On March 26, 2015, the second stockholder advanced $16,000 due April 30, 2016 to the Company for working capital purpose. 16,000 - On September 14, 2015, the second stockholder advanced $9,000 due September 14, 2016, to the Company for working capital purpose. 9,000 - On July 15, 2015, the second stockholder advanced $10,000 due July 15, 2016, to the Company for working capital purpose. 10,000 - Total: convertible notes payable 77,000 42,000

Organization and Operations (Na

Organization and Operations (Narrative) (Details)	Nov. 30, 2015a
Option to acquire right, title and interest of mineral property	50.00%
Claim block area	2,402

Notes Payable (Narrative) (Deta

Notes Payable (Narrative) (Details) - USD ($)	1 Months Ended	9 Months Ended
	Jan. 31, 2014	Nov. 30, 2015	Nov. 30, 2014	Feb. 28, 2015	Jan. 06, 2014
Advances payable	$ 50,000
Interest Rate					7.50%
Notes payable		$ 22,531		$ 22,531
Interest Expense		$ 1,674	$ 1,562

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details)	9 Months Ended
	Nov. 30, 2015USD ($)
Related Party Transaction, Rate	0.00%
Advance from related party	$ 42,000

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($)	1 Months Ended
	May. 31, 2012	Feb. 28, 2010	Nov. 30, 2015	Feb. 22, 2010
Right to acquire title and interest in mineral property			50.00%
Kiukiang [Member]
Right to acquire title and interest in mineral property				50.00%
Exploration expenditures		$ 45,000
Shares alloted and issued upon completion of phase 1		$ 1,000,000
Annual royalty of Net Smelter Returns		3.00%
Prepayment of Net Smelter Royalty		$ 25,000
Payment to acquire right, title and interest in mineral property	$ 20,000	25,000
Total aggregate minimum contributed exploration expenses		60,000
Kiukiang [Member] | Minimum [Member]
Exploration expenditures		15,000
Total aggregate minimum contributed exploration expenses		60,000
Right to acquire additional Kiukiang rights, title, and interests [Member]
Right to acquire title and interest in mineral property				25.00%
Exploration expenditures		50,000
Payment to acquire right, title and interest in mineral property		$ 10,000

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details)	1 Months Ended
	Nov. 30, 2015$ / sharesshares	Dec. 24, 2015$ / sharesshares	Dec. 07, 2015$ / sharesshares	Dec. 06, 2015shares	Feb. 28, 2015$ / sharesshares
Common Stock, Shares Authorized	400,000,000				400,000,000
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.001				$ 0.001
Subsequent Event [Member]
Common Stock, Shares Authorized			402,000,000	400,000,000
Chang Ya-Ping [Member] | Subsequent Event [Member]
Preferred Stock, Shares Authorized		1,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares		$ 0.001
Cancellation of Restricted Share	25,000,000
Common Stock [Member] | Subsequent Event [Member]
Stockholders Equity Note, Stock Split, Conversion Ratio	5
Common Stock, Shares Authorized			400,000,000
Common Stock, Par or Stated Value Per Share | $ / shares			$ 0.001
Restricted Share Of Common Stock Owned	26,000,000
Preferred Stock [Member] | Subsequent Event [Member]
Preferred Stock, Shares Authorized			2,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares			$ 0.001
Preferred Stock, Voting Rights Ratio			100
Preferred Stock, Conversion Ratio			10

Schedule of Related Party Trans

Schedule of Related Party Transactions (Details) - USD ($)	9 Months Ended	12 Months Ended
	Nov. 30, 2015	Feb. 28, 2015
Sub-total: convertible notes payable	$ 77,000	$ 42,000
Less current maturities	(77,000)	(42,000)
Stockholder Advance July 2015 [Member]
Proceeds from Related Party Debt	12,000	12,000
Stockholder Advance June 2015 for $8,000 [Member]
Proceeds from Related Party Debt	8,000	8,000
Stockholder Advance October 2015 [Member]
Proceeds from Related Party Debt	12,000	12,000
Stockholder Advance June 2015 for $10,000 [Member]
Proceeds from Related Party Debt	10,000	10,000
Stockholder Advance April 2016 [Member]
Proceeds from Related Party Debt	16,000	0
Stockholder Advance September 2016 [Member]
Proceeds from Related Party Debt	9,000	0
Stockholder Advance July 2015 for $ 10000 [Member]
Proceeds from Related Party Debt	$ 10,000	$ 0