Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Aug. 31, 2015 | Sep. 29, 2015 | |
Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Aug. 31, 2015 | |
Entity Registrant Name | ON THE MOVE SYSTEMS CORP. | |
Entity Central Index Key | 1,498,148 | |
Current Fiscal Year End Date | --02-28 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2,016 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 3,682,560 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) | Aug. 31, 2015 | Feb. 28, 2015 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 6,142 | $ 2,679 |
Accounts receivable, net of allowance for bad debt of $0 and $0, respectively | 6,000 | 5,250 |
Total current assets | 12,142 | 7,929 |
Fixed assets net of accumulated depreciation of $21,124 and $11,874, respectively | 70,880 | 80,130 |
TOTAL ASSETS | 83,022 | 88,059 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 411,767 | 307,842 |
Current portion of convertible notes payable, net of discount of $151,515 and $380,949, respectively | 670,748 | 448,599 |
Current portion of capital lease obligation | 5,924 | 5,645 |
Current portion of accrued interest payable | 162,701 | 124,379 |
Total current liabilities | 1,251,140 | 886,465 |
Convertible notes payable, net of discount of $634,539 and $500,339, respectively | $ 45,432 | 22,620 |
Convertible note payable to related party | 164,190 | |
Accrued interest payable | $ 48,210 | 20,200 |
Capital lease obligation | 19,038 | 22,080 |
TOTAL LIABILITIES | 1,363,820 | 1,115,555 |
STOCKHOLDERS' DEFICIT | ||
Series E Preferred Stock, $0.001 par value; 20,000,000 shares authorized; 1,000,000 and 1,000,000 shares issued and outstanding at August 31, 2015 and February 28, 2015, respectively | 1,000 | 1,000 |
Common Stock, $0.001 par value; 480,000,000 shares authorized; 3,243,060 and 75,360 shares issued and outstanding at August 31, 2015 and February 28, 2015, respectively | 3,243 | 75 |
Additional paid-in capital | 5,688,358 | 5,351,237 |
Accumulated deficit | (6,973,399) | (6,379,808) |
Total stockholders' deficit | (1,280,798) | (1,027,496) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 83,022 | $ 88,059 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) | 6 Months Ended | |
Aug. 31, 2015 | Feb. 28, 2015 | |
Accounts receivable, allowance for doubtful accounts | $ 0 | $ 0 |
Fixed assets, accumulated depreciation | 21,124 | 11,874 |
Current portion of convertible notes payable, discount | 151,515 | 380,949 |
Noncurrent portion of convertible notes payable, discount | $ 634,539 | $ 500,339 |
Common stock, par value per share | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 480,000,000 | 480,000,000 |
Common stock, shares issued | 3,243,060 | 75,360 |
Common stock, shares outstanding | 3,243,060 | 75,360 |
Reverse stock split, description | On March 5, 2015, the Company effected a one-for-500 reverse split. All share and per share amounts have been restated to reflect the reverse split. | |
Series E Preferred Stock [Member] | ||
Preferred stock, par value per share | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 1,000,000 | 1,000,000 |
Preferred stock, shares outstanding | 1,000,000 | 1,000,000 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | ||
Aug. 31, 2015 | Aug. 31, 2014 | Aug. 31, 2015 | Aug. 31, 2014 | |
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract] | ||||
REVENUE | $ 2,250 | $ 2,250 | $ 4,500 | $ 2,250 |
GROSS PROFIT | $ 2,250 | 2,250 | $ 4,500 | 2,250 |
OPERATING EXPENSES | ||||
Expenses related to joint ventures and other business development agreements | 27,392 | 51,178 | ||
General and administrative expenses | $ 114,399 | 135,930 | $ 266,393 | 334,729 |
Operating loss | (112,149) | (161,072) | (261,893) | (383,657) |
OTHER INCOME (EXPENSE) | ||||
Interest expense | (144,059) | (63,072) | (331,698) | (124,972) |
Income from continuing operations | $ (256,208) | (224,144) | $ (593,591) | (508,629) |
Loss from discontinued operations | (7,632) | (21,909) | ||
NET LOSS | $ (256,208) | $ (231,776) | $ (593,591) | $ (530,538) |
NET LOSS PER COMMON SHARE - Basic and diluted | ||||
Continuing operations | $ (0.11) | $ (3.83) | $ (0.38) | $ (9.45) |
Discontinued operations | 0 | (0.13) | (0.41) | |
Net loss per common share | $ (0.11) | $ (3.96) | $ (0.38) | $ (9.86) |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - Basic and diluted | 2,311,368 | 58,499 | 1,551,656 | 53,808 |
CONSOLIDATED STATEMENTS OF OPE5
CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) | 6 Months Ended |
Aug. 31, 2015 | |
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract] | |
Reverse stock split, description | On March 5, 2015, the Company effected a one-for-500 reverse split. All share and per share amounts have been restated to reflect the reverse split. |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) - 6 months ended Aug. 31, 2015 - USD ($) | Total | Common Stock [Member] | Preferred Stock [Member]Series E [Member] | Additional Paid In Capital [Member] | Accumulated Deficit [Member] |
Balance at Feb. 28, 2015 | $ (1,027,496) | $ 75 | $ 1,000 | $ 5,351,237 | $ (6,379,808) |
Balance, shares at Feb. 28, 2015 | 75,360 | 1,000,000 | |||
Shares issued for conversion of notes payable | 183,277 | $ 3,168 | 180,109 | ||
Shares issued for conversion of notes payable, shares | 3,167,467 | ||||
Discount on issuance of convertible note payable | $ 157,012 | $ 157,012 | |||
Share rounding on reincorporation | |||||
Share rounding on reincorporation, shares | 233 | ||||
Net loss | $ (593,591) | $ (593,591) | |||
Balance at Aug. 31, 2015 | $ (1,280,798) | $ 3,243 | $ 1,000 | $ 5,688,358 | $ (6,973,399) |
Balance, shares at Aug. 31, 2015 | 3,243,060 | 1,000,000 |
CONSOLIDATED STATEMENT OF CHAN7
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) (Parenthetical) | 6 Months Ended |
Aug. 31, 2015 | |
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT [Abstract] | |
Reverse stock split, description | On March 5, 2015, the Company effected a one-for-500 reverse split. All share and per share amounts have been restated to reflect the reverse split. |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |
Aug. 31, 2015 | Aug. 31, 2014 | |
CASH FLOW FROM OPERATING ACTIVITIES: | ||
Net loss | $ (593,591) | $ (530,538) |
Add: loss from discontinued operations | (21,909) | |
Loss from continuing operations | $ (593,591) | (508,629) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Amortization of discount on convertible notes payable | 252,246 | 74,233 |
Depreciation | $ 9,250 | 2,749 |
Preferred stock issued for services | 100,000 | |
Changes in operating assets and liabilities: | ||
Accounts receivable and accrued revenue | $ (750) | (2,250) |
Prepaid expenses | (302) | |
Accounts payable and accrued liabilities | $ 103,925 | 90,485 |
Accrued interest payable | $ 78,134 | 50,738 |
Operating assets and liabilities of discontinued operations | (32,503) | |
NET CASH USED IN OPERATING ACTIVITIES | $ (150,786) | (225,479) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of fixed assets | (15,000) | |
NET CASH USED IN INVESTING ACTIVITIES | (15,000) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from advances | $ 157,012 | 225,615 |
Repayments of capital lease obligation | (2,763) | |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 154,249 | 225,615 |
NET INCREASE (DECREASE) IN CASH | 3,463 | (14,864) |
CASH, at the beginning of the period | 2,679 | 30,183 |
CASH, at the end of the period | $ 6,142 | $ 15,319 |
Supplemental Disclosures of Cash Flow Information: | ||
Cash paid during the period for: Interest | ||
Cash paid during the period for: Taxes | ||
Noncash investing and financing transactions: | ||
Refinancing of advances into convertible notes payable | $ 157,012 | $ 355,652 |
Beneficial conversion discount on convertible note payable | 157,012 | 355,652 |
Conversion of convertible notes payable | $ 183,277 | 80,800 |
Automobile acquired under for lease | 32,004 | |
Equipment acquired with accounts payable | $ 45,000 |
CONSOLIDATED STATEMENTS OF CAS9
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) | 6 Months Ended |
Aug. 31, 2015 | |
CONSOLIDATED STATEMENTS OF CASH FLOWS [Abstract] | |
Reverse stock split, description | On March 5, 2015, the Company effected a one-for-500 reverse split. All share and per share amounts have been restated to reflect the reverse split. |
General Organization and Busine
General Organization and Business | 6 Months Ended |
Aug. 31, 2015 | |
General Organization and Business [Abstract] | |
General Organization and Business | Note 1. General Organization and Business On the Move Systems Corp. (we, us, our, OMVS, or the Company) was incorporated in Nevada on March 25, 2010. We reincorporated into Nevada on February 17, 2015. Our business focus is transportation services. We are currently exploring the on-demand logistics market by developing a network of logistics partnerships. Our year-end is February 28. The company is located at 701 North Green Valley Parkway, Suite 200, Henderson, Nevada 89074. Our telephone number is 702-990-3271. Our business focus is transportation-related technology services. We are currently exploring the online, on-demand logistics market by developing a shared economy network of trucking partnerships. OMVS is in the process of building a shared economy app designed to put independent drivers and brokers together for more efficient pricing and booking, optimized operations and quick delivery turnarounds. The company has signed a letter of intent with a Houston-area software design firm regarding development of such a platform. This app, when released, will revolutionize the trucking industry by connecting national and local carriers, enabling each to maximize revenues and reduce costs. Joint Ventures On February 11, 2014, the Company signed a joint venture agreement with The Xperience to offer fantasy travel packages beginning with auto racing events. OMVS has committed to fund up to $ 30,000 40 In June 2014, the Xperience joint venture began generating revenue by selling advertising space on its racecar. |
Going Concern
Going Concern | 6 Months Ended |
Aug. 31, 2015 | |
Going Concern [Abstract] | |
Going Concern | Note 2. Going Concern The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. 593,591 150,786 1,238,998 We will need to obtain loans or other financing in order to fund operating shortfalls and do not foresee a change in this situation in the immediate future. There can be no assurance that we will be able to obtain these loans or that they will be available to us on terms that are acceptable to the Company. We will not be able to continue operations without them. We are pursuing alternate sources of financing, but there is no assurance that additional capital will be available to the Company when needed or on acceptable terms. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Aug. 31, 2015 | |
Summary of Significant Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 3. Summary of Significant Accounting Policies Interim Financial Statements These unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by GAAP 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 consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended February 28, 2015 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 six month period ended August 31, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending February 29, 2016. Principles of Consolidation The consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries, On the Move Experience, LLC and OMV Transports, LLC. Intercompany transactions have been eliminated in consolidation. The fiscal year-end for the Company and its subsidiaries is February 28. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. 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 $ 6,142 2,679 |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Aug. 31, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 4. Related Party Transactions Our officers and are involved in other business activities and may, in the future, become involved in other business opportunities that become available. They may face a conflict in selecting between the Company and other business interests. We have not formulated a policy for the resolution of such conflicts. Conversion of Related Party Convertible Note On April 1, 2015, Panama iPhone Corp. (formerly Masclo Investment Corporation) converted $ 100,000 1,000,000 On June 25, 2015, Panama iPhone Corp. converted $ 68,447 684,467 Services Provided by KM Delaney & Assoc. During the six months ended August 31, 2015 and 2014, KM Delaney & Assoc (KMDA) has provided office space and certain administrative functions to us. The services provide include a furnished executive suite, use of office equipment and supplies, accounting and bookkeeping services, treasury and cash management services, financial reporting, and other support staffing requirements. As part of the services provided to the Company, KMDA receives the advances from the lender (See note 9.) and disburses those funds to us. During the six months ended August 31, 2015 and 2014, KMDA billed us $ 108,000 89,958 361,589 266,335 Amounts Due to Related Parties As of August 31, 2015 and February 28, 2015, there were accrued liabilities in the amount of $ 0 164,190 |
Convertible Notes Payable
Convertible Notes Payable | 6 Months Ended |
Aug. 31, 2015 | |
Convertible Notes Payable [Abstract] | |
Convertible Notes Payable | Note 5. Convertible Notes Payable During the six months ended August 31, 2015, the Company received advances from Vista View Ventures, Inc. totaling $ 157,012 Convertible notes payable consist of the following as of August 31, 2015 and February 28, 2015: Issued Maturity Interest Conversion Balance Balance February 28, 2011 February 27, 2013 7 $ 0.015 $ 32,600 $ 32,600 January 31, 2013 February 28, 2016 10 $ 0.01 131,110 262,271 May 31, 2013 May 31, 2015 10 $ 0.01 261,595 261,595 November 30, 2013 November 30, 2015 10 $ 0.01 396,958 396,958 August 31, 2014 August 31, 2016 10 $ 0.002 355,652 November 30, 2014 November 30, 2016 10 $ 0.002 103,950 February 28, 2015 February 28, 2017 10 $ 0.001 63,357 May 31, 2015 May 31, 2017 10 $ 1.00 65,383 July 31, 2015 July 31, 2017 10 $ 0.80 91,629 Total convertible notes payable 1,502,234 1,352,507 Less: current portion of convertible notes payable (822,263 ) (829,548 ) Less: discount on noncurrent convertible notes payable (634,539 ) (500,339 ) Long-term convertible notes payable, net of discount $ 45,432 $ 22,620 Current portion of convertible notes payable 822,263 829,548 Less: discount on current portion of convertible notes payable (151,515 ) (380,949 ) Current portion of convertible notes payable, net of discount $ 670,748 $ 448,599 All of the notes above are unsecured. The note dated February 28, 2011 is currently is in default and bears default interest at 18 The note issued January 31, 2013 originally was to mature on January 31, 2015. On February 6, 2015, the note was amended to extend the maturity date to February 28, 2016 The note issued May 31, 2013 matured on May 31, 2015. On October 6, 2015, the note was amended to extend the maturity date to November 30, 2016 Convertible notes issued During the six months ended August 31, 2015, the Company signed Convertible Promissory Notes totaling $ 157,012 ten 4.99 Issued Maturity Interest Conversion Amount Beneficial May 31, 2015 May 31, 2017 10 $ 1.00 $ 65,383 $ 65,383 July 31, 2015 July 31, 2017 10 $ 0.80 91,629 91,629 Total $ 157,012 $ 157,012 The Company evaluated the terms of the notes in accordance with ASC Topic No. 815 40, Derivatives and Hedging - Contracts in Entity's Own Stock 157,012 277.49 222.23 252,246 74,233 Conversions to common stock During six months ended August 31, 2015, the holders of the Convertible Note Payable dated January 31, 2013 elected to convert principal and accrued interest in the amounts show below into shares of common stock at a rate of $ 0.01 No Date Amount Number of April 22, 2015 $ 500 50,000 April 23, 2015 500 50,000 May 20, 2015 1,650 165,000 May 21, 2015 250 25,000 June 11, 2015 600 60,000 June 19, 2015 400 40,000 July 1, 2015 1,200 120,000 July 10, 2015 450 45,000 July 16, 2015 940 94,000 July 17, 2015 950 95,000 August 3, 2015 1,450 145,000 August 5, 2015 1,670 167,000 August 10, 2015 1,930 193,000 August 13, 2015 1,000 100,000 August 24, 2015 540 54,000 August 25, 2015 800 80,000 Total $ 14,830 1,483,000 |
Convertible Notes Payable to Re
Convertible Notes Payable to Related Party | 6 Months Ended |
Aug. 31, 2015 | |
Convertible Notes Payable to Related Parties [Abstract] | |
Convertible Notes Payable to Related Parties | Note 6. Convertible Notes Payable to Related Party Convertible notes payable to related parties consist of the following at August 31, 2015 and February 28, 2015: Issued Maturity Interest Conversion Balance Balance January 31, 2015 February 28, 2017 10 $ 0.10 $ $ 164,190 Total convertible notes payable to related party 164,190 Less: current portion of related party convertible notes payable Less: discount on noncurrent related party convertible notes payable Long-term convertible notes payable to related party, net of discount $ $ 164,190 On January 31, 2015, we issued a convertible note payable for $ 164,190 10 0.10 The Company evaluated the terms of the notes in accordance with ASC Topic No. 815 40, Derivatives and Hedging - Contracts in Entity's Own Stock no Conversions to Common Stock On April 1, 2015 100,000 1,000,000 66,889 On June 25, 2015 68,447 684,467 |
Debt Payment Obligations
Debt Payment Obligations | 6 Months Ended |
Aug. 31, 2015 | |
Debt Payment Obligations [Abstract] | |
Debt Payment Obligations | Note 7. Debt Payment Obligations Twelve months ended August 31, 2016 2017 2018 2019 2020 Total Convertible notes $ 822,263 $ 679,971 $ $ $ $ 1,502,234 Capital lease 8,160 8,160 8,160 5,455 29,935 Total $ 830,423 $ 688,131 $ 8,160 $ 5,455 $ $ 1,532,169 |
Stockholders' Equity
Stockholders' Equity | 6 Months Ended |
Aug. 31, 2015 | |
Stockholders' Equity [Abstract] | |
Stockholders' Equity | Note 8. Stockholders' Equity Conversion of convertible notes payable During the six months ended August 31, 2015, we issued 1,684,467 168,447 During six months ended August 31, 2015, we issued 1,483,000 14,830 |
Subsequent Events
Subsequent Events | 6 Months Ended |
Aug. 31, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 9 During period from August 31, 2015 until the issuance of this report, the holders of the Convertible Note Payable dated January 31, 2013 elected to convert principal and accrued interest in the amounts show below into shares of common stock at a rate of $ 0.01 No Date Amount Converted Number of Shares Issued September 11, 2015 $ 1,200 120,000 September 17, 2015 875 87,500 September 24, 2015 1,720 172,000 September 29, 2015 600 60,000 On October 12, 2015, the Company received notice that it had been sued in the United States District Court for the Central District of California. The plaintiff alleges that the Company obtained certain trade secrets through a third party also named in the suit. The Company intends to vigorously defend this lawsuit |
Summary of Significant Accoun19
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Aug. 31, 2015 | |
Summary of Significant Accounting Policies [Abstract] | |
Interim Financial Statements | Interim Financial Statements These unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by GAAP 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 consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended February 28, 2015 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 six month period ended August 31, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending February 29, 2016. |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries, On the Move Experience, LLC and OMV Transports, LLC. Intercompany transactions have been eliminated in consolidation. The fiscal year-end for the Company and its subsidiaries is February 28. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
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 $ 6,142 2,679 |
Convertible Notes Payable (Tabl
Convertible Notes Payable (Tables) | 6 Months Ended |
Aug. 31, 2015 | |
Convertible Notes Payable [Abstract] | |
Schedule of Convertible Notes Payable | Issued Maturity Interest Conversion Balance Balance February 28, 2011 February 27, 2013 7 $ 0.015 $ 32,600 $ 32,600 January 31, 2013 February 28, 2016 10 $ 0.01 131,110 262,271 May 31, 2013 May 31, 2015 10 $ 0.01 261,595 261,595 November 30, 2013 November 30, 2015 10 $ 0.01 396,958 396,958 August 31, 2014 August 31, 2016 10 $ 0.002 355,652 November 30, 2014 November 30, 2016 10 $ 0.002 103,950 February 28, 2015 February 28, 2017 10 $ 0.001 63,357 May 31, 2015 May 31, 2017 10 $ 1.00 65,383 July 31, 2015 July 31, 2017 10 $ 0.80 91,629 Total convertible notes payable 1,502,234 1,352,507 Less: current portion of convertible notes payable (822,263 ) (829,548 ) Less: discount on noncurrent convertible notes payable (634,539 ) (500,339 ) Long-term convertible notes payable, net of discount $ 45,432 $ 22,620 Current portion of convertible notes payable 822,263 829,548 Less: discount on current portion of convertible notes payable (151,515 ) (380,949 ) Current portion of convertible notes payable, net of discount $ 670,748 $ 448,599 |
Schedule of Convertible Notes Issued | Issued Maturity Interest Conversion Amount Beneficial May 31, 2015 May 31, 2017 10 $ 1.00 $ 65,383 $ 65,383 July 31, 2015 July 31, 2017 10 $ 0.80 91,629 91,629 Total $ 157,012 $ 157,012 |
Schedule of Conversion of Convertible Notes Payable | Date Amount Number of April 22, 2015 $ 500 50,000 April 23, 2015 500 50,000 May 20, 2015 1,650 165,000 May 21, 2015 250 25,000 June 11, 2015 600 60,000 June 19, 2015 400 40,000 July 1, 2015 1,200 120,000 July 10, 2015 450 45,000 July 16, 2015 940 94,000 July 17, 2015 950 95,000 August 3, 2015 1,450 145,000 August 5, 2015 1,670 167,000 August 10, 2015 1,930 193,000 August 13, 2015 1,000 100,000 August 24, 2015 540 54,000 August 25, 2015 800 80,000 Total $ 14,830 1,483,000 |
Convertible Notes Payable to 21
Convertible Notes Payable to Related Party (Tables) | 6 Months Ended |
Aug. 31, 2015 | |
Convertible Notes Payable to Related Parties [Abstract] | |
Schedule of Convertible Notes Payable to Related Parties | Issued Maturity Interest Conversion Balance Balance January 31, 2015 February 28, 2017 10 $ 0.10 $ $ 164,190 Total convertible notes payable to related party 164,190 Less: current portion of related party convertible notes payable Less: discount on noncurrent related party convertible notes payable Long-term convertible notes payable to related party, net of discount $ $ 164,190 |
Debt Payment Obligations (Table
Debt Payment Obligations (Tables) | 6 Months Ended |
Aug. 31, 2015 | |
Debt Payment Obligations [Abstract] | |
Schedule of Debt Payment Obligations | Twelve months ended August 31, 2016 2017 2018 2019 2020 Total Convertible notes $ 822,263 $ 679,971 $ $ $ $ 1,502,234 Capital lease 8,160 8,160 8,160 5,455 29,935 Total $ 830,423 $ 688,131 $ 8,160 $ 5,455 $ $ 1,532,169 |
Subsequent Event (Tables)
Subsequent Event (Tables) | 6 Months Ended |
Aug. 31, 2015 | |
Subsequent Events [Abstract] | |
Schedule of Subsequent Events - Conversion of Convertible Note Payable | Date Amount Converted Number of Shares Issued September 11, 2015 $ 1,200 120,000 September 17, 2015 875 87,500 September 24, 2015 1,720 172,000 September 29, 2015 600 60,000 |
General Organization and Busi24
General Organization and Business (Narrative) (Details) - The Xperience [Member] - Joint Venture [Member] | 6 Months Ended |
Aug. 31, 2015USD ($) | |
Business Acquisition [Line Items] | |
Maximum payments committed to fund joint venture | $ 30,000 |
The percent of allocated earnings and losses per joint venture agreement | 40.00% |
Payments funded to joint venture |
Going Concern (Details)
Going Concern (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Aug. 31, 2015 | Aug. 31, 2014 | Aug. 31, 2015 | Aug. 31, 2014 | |
Going Concern [Abstract] | ||||
Net loss | $ 256,208 | $ 231,776 | $ 593,591 | $ 530,538 |
Negative cash flows from operations | 150,786 | $ 225,479 | ||
Negative working capital | $ 1,238,998 | $ 1,238,998 |
Summary of Significant Accoun26
Summary of Significant Accounting Policies (Details) - USD ($) | Aug. 31, 2015 | Feb. 28, 2015 | Aug. 31, 2014 | Feb. 28, 2014 |
Summary of Significant Accounting Policies [Abstract] | ||||
Cash and cash equivalents | $ 6,142 | $ 2,679 | $ 15,319 | $ 30,183 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | 6 Months Ended | ||
Aug. 31, 2015 | Aug. 31, 2014 | Feb. 28, 2015 | |
Related Party Transaction [Line Items] | |||
Convertible note payable to related party | $ 164,190 | ||
Accounts payable and accrued liabilities | $ 411,767 | 307,842 | |
Amount Converted | 183,277 | $ 80,800 | |
Amounts Due to Related Parties | 0 | 164,190 | |
Convertible Notes Payable To Related Party, Dated January 31, 2015 [Member] | |||
Related Party Transaction [Line Items] | |||
Amount Converted | $ 168,447 | ||
Number of Shares Issued | 1,684,467 | ||
Convertible Notes Payable To Related Party, Dated January 31, 2015 [Member] | April 1, 2015 [Member] | |||
Related Party Transaction [Line Items] | |||
Date | Apr. 1, 2015 | ||
Amount Converted | $ 100,000 | ||
Number of Shares Issued | 1,000,000 | ||
Convertible Notes Payable To Related Party, Dated January 31, 2015 [Member] | June 25, 2015 [Member] | |||
Related Party Transaction [Line Items] | |||
Date | Jun. 25, 2015 | ||
Amount Converted | $ 68,447 | ||
Number of Shares Issued | 684,467 | ||
KM Delaney And Assoc. [Member] | |||
Related Party Transaction [Line Items] | |||
Service expense | $ 108,000 | $ 89,958 | |
Accounts payable and accrued liabilities | $ 361,589 | $ 266,335 |
Convertible Notes Payable (Sche
Convertible Notes Payable (Schedule of Convertible Notes Payable) (Details) - USD ($) | 1 Months Ended | 6 Months Ended | ||
Oct. 14, 2015 | Aug. 31, 2015 | Aug. 31, 2014 | Feb. 28, 2015 | |
Debt Instrument [Line Items] | ||||
Refinancing of advances into convertible notes payable | $ 157,012 | $ 355,652 | ||
Total convertible notes payable | 1,502,234 | $ 1,352,507 | ||
Less: current portion of convertible notes payable | (822,263) | (829,548) | ||
Less: discount on noncurrent convertible notes payable | (634,539) | (500,339) | ||
Long-term convertible notes payable, net of discount | 45,432 | 22,620 | ||
Current portion of convertible notes payable | 822,263 | 829,548 | ||
Less: discount on current portion of convertible notes payable | (151,515) | (380,949) | ||
Current portion of convertible notes payable, net of discount | $ 670,748 | 448,599 | ||
Debt default, interest rate | 18.00% | |||
February 28, 2011 Convertible Promissory Note [Member] | ||||
Debt Instrument [Line Items] | ||||
Total convertible notes payable | $ 32,600 | 32,600 | ||
Issued | Feb. 28, 2011 | |||
Maturity | Feb. 27, 2013 | |||
Interest Rate | 7.00% | |||
Conversion Rate per Share | $ 0.015 | |||
January 31, 2013 Convertible Promissory Note [Member] | ||||
Debt Instrument [Line Items] | ||||
Total convertible notes payable | $ 131,110 | 262,271 | ||
Issued | Jan. 31, 2013 | |||
Maturity | Feb. 28, 2016 | |||
Interest Rate | 10.00% | |||
Conversion Rate per Share | $ 0.01 | |||
January 31, 2013 Convertible Promissory Note [Member] | Subsequent Event [Member] | ||||
Debt Instrument [Line Items] | ||||
Conversion Rate per Share | $ 0.01 | |||
May 31, 2013 Convertible Promissory Note [Member] | ||||
Debt Instrument [Line Items] | ||||
Total convertible notes payable | $ 261,595 | 261,595 | ||
Issued | May 31, 2013 | |||
Maturity | May 31, 2015 | |||
Interest Rate | 10.00% | |||
Conversion Rate per Share | $ 0.01 | |||
May 31, 2013 Convertible Promissory Note [Member] | Subsequent Event [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity | Nov. 30, 2016 | |||
November 30, 2013 Convertible Promissory Note [Member] | ||||
Debt Instrument [Line Items] | ||||
Total convertible notes payable | $ 396,958 | $ 396,958 | ||
Issued | Nov. 30, 2013 | |||
Maturity | Nov. 30, 2015 | |||
Interest Rate | 10.00% | |||
Conversion Rate per Share | $ 0.01 | |||
August 31, 2014 Convertible Promissory Note [Member] | ||||
Debt Instrument [Line Items] | ||||
Total convertible notes payable | $ 355,652 | |||
Issued | Aug. 31, 2014 | |||
Maturity | Aug. 31, 2016 | |||
Interest Rate | 10.00% | |||
Conversion Rate per Share | $ 0.002 | |||
November 30, 2014 Convertible Promissory Note [Member] | ||||
Debt Instrument [Line Items] | ||||
Total convertible notes payable | $ 103,950 | |||
Issued | Nov. 30, 2014 | |||
Maturity | Nov. 30, 2016 | |||
Interest Rate | 10.00% | |||
Conversion Rate per Share | $ 0.002 | |||
February 28, 2015 Convertible Promissory Note | ||||
Debt Instrument [Line Items] | ||||
Total convertible notes payable | $ 63,357 | |||
Issued | Feb. 28, 2015 | |||
Maturity | Feb. 28, 2017 | |||
Interest Rate | 10.00% | |||
Conversion Rate per Share | $ 0.001 | |||
May 31, 2015 Convertible Promissory Note [Member] | ||||
Debt Instrument [Line Items] | ||||
Total convertible notes payable | $ 65,383 | |||
Issued | May 31, 2015 | |||
Maturity | May 31, 2017 | |||
Interest Rate | 10.00% | |||
Conversion Rate per Share | $ 1 | |||
July 31, 2015 Convertible Promissory Note [Member] | ||||
Debt Instrument [Line Items] | ||||
Total convertible notes payable | $ 91,629 | |||
Issued | Jul. 31, 2015 | |||
Maturity | Jul. 31, 2017 | |||
Interest Rate | 10.00% | |||
Conversion Rate per Share | $ 0.80 |
Convertible Notes Payable (Sc29
Convertible Notes Payable (Schedule of Convertible Notes Issued) (Details) - USD ($) | 6 Months Ended | |
Aug. 31, 2015 | Aug. 31, 2014 | |
Debt Instrument [Line Items] | ||
Beneficial Conversion Feature | $ 157,012 | $ 355,652 |
Maximum percentage of outstanding stock allowed upon debt conversion | 4.99% | |
Amortized beneficial conversion discounts to interest expense | $ 252,246 | $ 74,233 |
Convertible Notes Issued During Period [Member] | ||
Debt Instrument [Line Items] | ||
Amount of Note | 157,012 | |
Beneficial Conversion Feature | $ 157,012 | |
May 31, 2015 Convertible Promissory Note [Member] | ||
Debt Instrument [Line Items] | ||
Issued | May 31, 2015 | |
Maturity | May 31, 2017 | |
Interest Rate | 10.00% | |
Conversion Rate per Share | $ 1 | |
Amount of Note | $ 65,383 | |
Beneficial Conversion Feature | $ 65,383 | |
Effective interest rate for discount amortization | 277.49% | |
July 31, 2015 Convertible Promissory Note [Member] | ||
Debt Instrument [Line Items] | ||
Issued | Jul. 31, 2015 | |
Maturity | Jul. 31, 2017 | |
Interest Rate | 10.00% | |
Conversion Rate per Share | $ 0.80 | |
Amount of Note | $ 91,629 | |
Beneficial Conversion Feature | $ 91,629 | |
Effective interest rate for discount amortization | 222.23% |
Convertible Notes Payable (Sc30
Convertible Notes Payable (Schedule of Conversion of Convertible Notes Payable) (Details) - USD ($) | 6 Months Ended | |
Aug. 31, 2015 | Aug. 31, 2014 | |
Debt Conversion [Line Items] | ||
Amount Converted | $ 183,277 | $ 80,800 |
January 31, 2013 Convertible Promissory Note [Member] | ||
Debt Conversion [Line Items] | ||
Amount Converted | $ 14,830 | |
Number of Shares Issued | 1,483,000 | |
Conversion Rate per Share | $ 0.01 | |
January 31, 2013 Convertible Promissory Note [Member] | April 22, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Apr. 22, 2015 | |
Amount Converted | $ 500 | |
Number of Shares Issued | 50,000 | |
January 31, 2013 Convertible Promissory Note [Member] | April 23, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Apr. 23, 2015 | |
Amount Converted | $ 500 | |
Number of Shares Issued | 50,000 | |
January 31, 2013 Convertible Promissory Note [Member] | May 20, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | May 20, 2015 | |
Amount Converted | $ 1,650 | |
Number of Shares Issued | 165,000 | |
January 31, 2013 Convertible Promissory Note [Member] | May 21, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | May 21, 2015 | |
Amount Converted | $ 250 | |
Number of Shares Issued | 25,000 | |
January 31, 2013 Convertible Promissory Note [Member] | June 11, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Jun. 11, 2015 | |
Amount Converted | $ 600 | |
Number of Shares Issued | 60,000 | |
January 31, 2013 Convertible Promissory Note [Member] | June 19, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Jun. 19, 2015 | |
Amount Converted | $ 400 | |
Number of Shares Issued | 40,000 | |
January 31, 2013 Convertible Promissory Note [Member] | July 1, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Jul. 1, 2015 | |
Amount Converted | $ 1,200 | |
Number of Shares Issued | 120,000 | |
January 31, 2013 Convertible Promissory Note [Member] | July 10, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Jul. 10, 2015 | |
Amount Converted | $ 450 | |
Number of Shares Issued | 45,000 | |
January 31, 2013 Convertible Promissory Note [Member] | July 16, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Jul. 16, 2015 | |
Amount Converted | $ 940 | |
Number of Shares Issued | 94,000 | |
January 31, 2013 Convertible Promissory Note [Member] | July 17, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Jul. 17, 2015 | |
Amount Converted | $ 950 | |
Number of Shares Issued | 95,000 | |
January 31, 2013 Convertible Promissory Note [Member] | August 3, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Aug. 3, 2015 | |
Amount Converted | $ 1,450 | |
Number of Shares Issued | 145,000 | |
January 31, 2013 Convertible Promissory Note [Member] | August 5, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Aug. 5, 2015 | |
Amount Converted | $ 1,670 | |
Number of Shares Issued | 167,000 | |
January 31, 2013 Convertible Promissory Note [Member] | August 10, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Aug. 10, 2015 | |
Amount Converted | $ 1,930 | |
Number of Shares Issued | 193,000 | |
January 31, 2013 Convertible Promissory Note [Member] | August 13, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Aug. 13, 2015 | |
Amount Converted | $ 1,000 | |
Number of Shares Issued | 100,000 | |
January 31, 2013 Convertible Promissory Note [Member] | August 24, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Aug. 24, 2015 | |
Amount Converted | $ 540 | |
Number of Shares Issued | 54,000 | |
January 31, 2013 Convertible Promissory Note [Member] | August 25, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Aug. 25, 2015 | |
Amount Converted | $ 800 | |
Number of Shares Issued | 80,000 |
Convertible Notes Payable to 31
Convertible Notes Payable to Related Party (Schedule of Convertible Notes Payable to Related Party) (Details) - USD ($) | 6 Months Ended | ||
Aug. 31, 2015 | Aug. 31, 2014 | Feb. 28, 2015 | |
Debt Instrument [Line Items] | |||
Total convertible notes payable to related party | $ 164,190 | ||
Less: current portion of related party convertible notes payable | |||
Less: discount on noncurrent related party convertible notes payable | |||
Long-term convertible notes payable to related party, net of discount | $ 164,190 | ||
Beneficial Conversion Feature | $ 157,012 | $ 355,652 | |
Panama Iphone Corp. [Member] | Convertible Notes Payable To Related Party, Dated January 31, 2015 [Member] | |||
Debt Instrument [Line Items] | |||
Total convertible notes payable to related party | $ 164,190 | ||
Issued | Jan. 31, 2015 | ||
Maturity | Feb. 28, 2017 | ||
Interest Rate | 10.00% | ||
Conversion Rate per Share | $ 0.10 | ||
Beneficial Conversion Feature |
Convertible Notes Payable to 32
Convertible Notes Payable to Related Party (Narrative) (Details) - USD ($) | 6 Months Ended | |
Aug. 31, 2015 | Aug. 31, 2014 | |
Debt Conversion [Line Items] | ||
Amount Converted | $ 183,277 | $ 80,800 |
Convertible Notes Payable To Related Party, Dated January 31, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Amount Converted | $ 168,447 | |
Number of Shares Issued | 1,684,467 | |
Convertible Notes Payable To Related Party, Dated January 31, 2015 [Member] | April 1, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Apr. 1, 2015 | |
Amount Converted | $ 100,000 | |
Number of Shares Issued | 1,000,000 | |
Convertible Notes Payable To Related Party, Dated January 31, 2015 [Member] | June 25, 2015 [Member] | ||
Debt Conversion [Line Items] | ||
Date | Jun. 25, 2015 | |
Amount Converted | $ 68,447 | |
Number of Shares Issued | 684,467 |
Debt Payment Obligations (Detai
Debt Payment Obligations (Details) | Aug. 31, 2015USD ($) |
Twelve months ended August 31, | |
2,016 | $ 830,423 |
2,017 | 688,131 |
2,018 | 8,160 |
2,019 | $ 5,455 |
2,020 | |
Total | $ 1,532,169 |
Convertible notes [Member] | |
Twelve months ended August 31, | |
2,016 | 822,263 |
2,017 | $ 679,971 |
2,018 | |
2,019 | |
2,020 | |
Total | $ 1,502,234 |
Capital lease [Member] | |
Twelve months ended August 31, | |
2,016 | 8,160 |
2,017 | 8,160 |
2,018 | 8,160 |
2,019 | $ 5,455 |
2,020 | |
Total | $ 29,935 |
Stockholders' Equity (Details)
Stockholders' Equity (Details) - USD ($) | 6 Months Ended | |
Aug. 31, 2015 | Aug. 31, 2014 | |
Debt Conversion [Line Items] | ||
Amount Converted | $ 183,277 | $ 80,800 |
January 31, 2015 Convertible Notes Payable To Related Party [Member] | ||
Debt Conversion [Line Items] | ||
Amount Converted | $ 168,447 | |
Number of Shares Issued | 1,684,467 | |
January 31, 2013 Convertible Promissory Note [Member] | ||
Debt Conversion [Line Items] | ||
Amount Converted | $ 14,830 | |
Number of Shares Issued | 1,483,000 |
Subsequent Events (Details)
Subsequent Events (Details) - USD ($) | 1 Months Ended | 6 Months Ended | |
Oct. 14, 2015 | Aug. 31, 2015 | Aug. 31, 2014 | |
Subsequent Event [Line Items] | |||
Amount Converted | $ 183,277 | $ 80,800 | |
January 31, 2013 Convertible Promissory Note [Member] | |||
Subsequent Event [Line Items] | |||
Amount Converted | $ 14,830 | ||
Number of Shares Issued | 1,483,000 | ||
Conversion Rate per Share | $ 0.01 | ||
Subsequent Event [Member] | January 31, 2013 Convertible Promissory Note [Member] | |||
Subsequent Event [Line Items] | |||
Conversion Rate per Share | $ 0.01 | ||
Subsequent Event [Member] | January 31, 2013 Convertible Promissory Note [Member] | September 11, 2015 [Member] | |||
Subsequent Event [Line Items] | |||
Date | Sep. 11, 2015 | ||
Amount Converted | $ 1,200 | ||
Number of Shares Issued | 120,000 | ||
Subsequent Event [Member] | January 31, 2013 Convertible Promissory Note [Member] | September 17, 2015 [Member] | |||
Subsequent Event [Line Items] | |||
Date | Sep. 17, 2015 | ||
Amount Converted | $ 875 | ||
Number of Shares Issued | 87,500 | ||
Subsequent Event [Member] | January 31, 2013 Convertible Promissory Note [Member] | September 24, 2015 [Member] | |||
Subsequent Event [Line Items] | |||
Date | Sep. 24, 2015 | ||
Amount Converted | $ 1,720 | ||
Number of Shares Issued | 172,000 | ||
Subsequent Event [Member] | January 31, 2013 Convertible Promissory Note [Member] | September 29, 2015 [Member] | |||
Subsequent Event [Line Items] | |||
Date | Sep. 29, 2015 | ||
Amount Converted | $ 600 | ||
Number of Shares Issued | 60,000 |