NATURE OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Feb. 28, 2014 |
Accounting Policies [Abstract] | ' |
Cash and Cash Equivalents, Policy [Policy Text Block] | ' |
CASH AND CASH EQUIVALENTS |
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The Company considers all highly liquid debt instruments purchased with maturity of three months or less to be cash equivalents. |
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Inventory, Policy [Policy Text Block] | ' |
INVENTORY |
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Inventory consisting of boxing apparatuses is stated at the lower of cost or net realizable value, on a first-in, first-out basis. |
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Patents [Policy Text Block] | ' |
PATENTS |
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Patents are amortized over their legal lives. When certain events or changes in operating conditions occur, an impairment assessment is performed and lives of patents may be adjusted. |
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Use of Estimates, Policy [Policy Text Block] | ' |
USE OF ESTIMATES |
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The preparation of the Company’s financial statements 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. |
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Fair Value of Financial Instruments, Policy [Policy Text Block] | ' |
FAIR VALUE OF FINANCIAL INSTRUMENTS |
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The Company’s short-term financial instruments consist of cash and cash equivalents and accounts payable. The carrying amounts of these financial instruments approximate fair value because of their short-term maturities. The Company does not hold or issue financial instruments for trading purposes nor does it hold or issue interest rate or leveraged derivative financial instruments. |
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Earnings Per Share, Policy [Policy Text Block] | ' |
EARNINGS PER SHARE |
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Basic Earnings per Share (“EPS”) is computed by dividing net income available to common stockholders by the weighted average number of common stock shares outstanding during the year. Diluted EPS is computed by dividing net income available to common stockholders by the weighted-average number of common stock shares outstanding during the year plus potential dilutive instruments such as stock options and warrants. Basic and diluted EPS are the same for the Company, as of February 28, 2014, as the Company does not have any common share equivalents outstanding. |
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Income Tax, Policy [Policy Text Block] | ' |
INCOME TAXES: |
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The Company uses the asset and liability method of accounting for income taxes. This method requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of certain assets and liabilities. Deferred income tax assets and liabilities are computed annually for the difference between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period, plus or minus the change during the period in deferred tax assets and liabilities. |
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Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of the assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. As of February 28, 2014, the Company has recorded a valuation allowance to fully offset the deferred tax asset related to its cumulative net operating losses of $254,995. |
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Concentration Risk, Credit Risk, Policy [Policy Text Block] | ' |
CONCENTRATION OF CREDIT RISK: |
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Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash. During the year the Company did not maintain cash deposits at financial institution in excess of the limit covered by the Federal Deposit Insurance Corporation. |
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New Accounting Pronouncements, Policy [Policy Text Block] | ' |
RECENT ACCOUNTING PRONOUNCEMENTS |
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The Company does not expect that the adoption of recent accounting pronouncements will have a material impact on its financial statements. |
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