Sustainable Projects (SPGX) 10-Q 14 Apr 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Feb. 28, 2015	Apr. 14, 2015
Document And Entity Information
Entity Registrant Name	Blue Spa Inc
Entity Central Index Key	1500305
Document Type	10-Q
Document Period End Date	28-Feb-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-26
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		7,000,000
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2015

Balance_Sheets_Unaudited

Balance Sheets (Unaudited) (USD $)	Feb. 28, 2015	31-May-14
Current Assets:
Cash and cash equivalents	$3,935	$4,086
Prepaid expenses	274	274
TOTAL ASSETS	4,209	4,360
Current Liabilities:
Accounts payable and accrued liabilities - Note 4	7,110	14,381
Notes Payable - Note 6	134,000	114,000
Interest Payable	19,406	12,458
TOTAL LIABILITIES	160,516	140,839
Going Concern - Note 2
STOCKHOLDERS' DEFICIT
Common Stock - Note 5 Par Value: $0.0001 Authorized 500,000,000 shares Common Stock Issued 7,000,000	700	700
Additional Paid in Capital	16,300	16,300
Deficit Accumulated during the development stage	-173,307	-153,479
TOTAL STOCKHOLDERS' DEFICIT	-156,307	-136,479
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$4,209	$4,360

Balance_Sheets_Unaudited_Paren

Balance Sheets (Unaudited) (Parenthetical) (USD $)	Feb. 28, 2015	31-May-14
Statement of Financial Position [Abstract]
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	7,000,000	7,000,000

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Feb. 28, 2015	Feb. 28, 2014	Feb. 28, 2015	Feb. 28, 2014
Statements Of Operations
Administrative and other operating expenses	$3,167	$4,738	$12,880	$20,162
Formation cost
Operating loss before interest expenses	-3,167	-4,738	-12,880	-20,162
Interest expenses	-2,376	-2,163	-6,948	-5,253
Operating loss before income taxes	-5,543	-6,901	-19,828	-25,415
Income Taxes
Net loss and comprehensive loss	($5,543)	($6,901)	($19,828)	($25,415)
Loss per share of common stock - Basic and diluted	($0.00)	($0.00)	($0.00)	($0.00)
Weighted average shares of common stock - Basic and diluted	7,000,000	7,000,000	7,000,000	7,000,000

Statements_of_Stockholders_Def

Statements of Stockholders' Deficit and Comprehensive Income (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-In Capital [Member]	Deficit Accumulated During the Development Stage [Member]	Total
Balance at May. 31, 2013	$700	$16,300	($91,788)	($74,788)
Balance, shares at May. 31, 2013	7,000,000
Net loss and comprehensive loss			-61,691	-61,691
Balance at May. 31, 2014	700	16,300	-153,479	-136,479
Balance, shares at May. 31, 2014	7,000,000
Net loss and comprehensive loss			-19,828	-19,828
Balance at May. 31, 2015	$700	$16,300	($173,307)	($156,307)
Balance, shares at May. 31, 2015	7,000,000

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Cash Flows from operating activities:
Net loss	($19,828)	($25,415)
Changes in current assets and liabilities
Prepaid Expenses		-22,274
Accrued expenses	-7,271	-14,088
Interest payable	6,948	5,253
Net cash used in operating activities	-20,151	-56,524
Cash Flows from financing activities:
Proceeds from issuance of common stock
Notes payable	20,000	55,000
Net Cash generated from financing activities	20,000	55,000
Net increase in cash and cash equivalents	-151	-1,524
Cash and cash equivalents at beginning of period	4,086	7,788
Cash and cash equivalents at end of period	$3,935	$6,264

Organization_and_Nature_of_Ope

Organization and Nature of Operations	9 Months Ended
	Feb. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Operations	1	Organization and Nature of Operations
	Blue Spa Incorporated (“the Company”) was incorporated in the State of Nevada, USA on September 4, 2009. The Company is in its early developmental stage since its formation and has not realized any revenues from its planned operations. The Company is engaged in the development of an internet based retailer of a multi-channel concept combining a wholesale distribution with a retail strategy. It plans to distribute quality personal care products, fitness apparel and related accessories.
	The Company has chosen a fiscal year end May 31.

Going_Concern

Going Concern	9 Months Ended
	Feb. 28, 2015
Going Concern
Going Concern	2	Going Concern
	These interim financial statements have been prepared in conformity with generally accepted accounting principles in the United States, which contemplate continuation of the Company as a going concern. However, the Company has limited operations and has sustained operating losses resulting in a deficit. In view of these matters, realization of a major portion of the assets in the accompanying balance sheet is dependent upon the continued operations of the Company, which in turn is dependent upon the Company’s ability to meet its financing requirements, and the success of its future operations.
	The Company has accumulated a deficit of $173,307 since inception September 4, 2009, has yet to achieve profitable operations and further losses are anticipated in the development of its business. The Company’s ability to continue as a going concern is in substantial doubt and is dependent upon obtaining additional financing and/or achieving a sustainable profitable level of operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
	The Company believes that the cash on hand will be able to meet its on-going costs in the next 12 months. The Company may seek additional equity as necessary and it expects to raise funds through private or public equity investment in order to support existing operations and expand the range of its business. There is no assurance that such additional funds will be available for the Company on acceptable terms, if at all.

Interim_Reporting_and_Signific

Interim Reporting and Significant Accounting Policies	9 Months Ended
	Feb. 28, 2015
Accounting Policies [Abstract]
Interim Reporting and Significant Accounting Policies	3	Interim reporting and significant accounting policies
	While the information presented is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, result of operation and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature. It is suggested that the interim condensed financial statements be read in conjunction with the Company’s May 31, 2014 annual financial statements. Operating results for the nine month period ended November 30, 2014 are not necessarily indicative of the results that can be expected for the year ended May 31, 2015.
	There have been no changes in the accounting policies from those disclosed in the notes to the audited financial statements for the year ended August 31, 2014.

Recently_Issued_Accounting_Pro

Recently Issued Accounting Pronouncements	9 Months Ended
	Feb. 28, 2015
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	4	Recently issued accounting pronouncements
	In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-10 “Development Stage Entities”. (Topic 915), Elimination of Certain Financial Reporting Requirements. The amendments in ASU 2014-10 remove the definition of a development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from accounting principles generally accepted in the United States of America (“U.S. GAAP”). In addition, the amendments eliminate the requirements for development stage entities to: (i) present inception-to-date information in the statements of income, cash flows, and shareholder equity; (ii) label the financial statements as those of a development stage entity; (iii) disclose a description of the development stage activities in which the entity is engaged; and (iv) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The presentation and disclosure requirements in ASC Topic 915, “Development Stage Entities” are no longer required for interim and annual reporting periods beginning after December 15, 2014. The revised consolidation standards will take effect in annual periods beginning after December 15, 2015, however, early adoption is permitted. The Company has elected to early adopt the provisions of ASU 2014-10 for these financial statements.
	The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements

Accrued_Expenses

Accrued Expenses	9 Months Ended
	Feb. 28, 2015
Payables and Accruals [Abstract]
Accrued Expenses	5	Accrued expenses
	Accrued expenses as of February 28, 2015 are summarized as follows:
			28-Feb-15		31-May-14
	Accrued audit fee		$	3,000	$	10,000
	Accrued accounting fee			1,725		1,575
	Accrued office expenses			2,385		2,806
	Total		$	7,110	$	14,381

Common_Stock

Common Stock	9 Months Ended
	Feb. 28, 2015
Equity [Abstract]
Common Stock	5	Common stock
	During the nine months ended February 28, 2015, no shares of common stock were sold. There were a total of 7,000,000 common stocks issued and outstanding as of February 28, 2015. There were no warrants or stock options outstanding as of February 28, 2015.

Notes_Payable

Notes Payable	9 Months Ended
	Feb. 28, 2015
Notes Payable [Abstract]
Notes Payable	6	Notes payable
	There are seven (7) unsecured promissory notes bearing interest at 8% per annum which are due on demand.
	Date		Principal		Interest		Total
	6-Oct-10		$	3,000	$	1,057	$	4,057
	22-Feb-11			1,500		482		1,982
	17-May-11			7,500		2,273		9,773
	16-Sep-11			5,000		1,382		6,382
	4-Nov-11			5,000		1,328		6,328
	15-Mar-12			10,000		2,367		12,367
	14-Dec-12			13,000		2,128		15,128
	Total		$	45,000	$	11,017	$	56,017
	There are five (5) unsecured promissory notes bearing interest at 8% per annum which are due on demand, and convertible at a conversion price of US$0.005 per share at the lender’s option. The convertible notes are at the same interest rate as promissory notes that have no conversion feature.
	Date		Principal		Interest		Total
	2-Apr-13		$	14,000	$	2,139	$	16,139
	4-Sep-13			30,000		3,564		33,564
	15-Oct-13			15,000		1,647		16,647
	8-Jan-14			10,000		912		10,912
	3-Dec-14			20,000		127		20,127
	Total		$	89,000	$	8,389	$	97,389

Accrued_Expenses_Tables

Accrued Expenses (Tables)	9 Months Ended
	Feb. 28, 2015
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses as of February 28, 2015 are summarized as follows:
		28-Feb-15		31-May-14
	Accrued audit fee	$	3,000	$	10,000
	Accrued accounting fee		1,725		1,575
	Accrued office expenses		2,385		2,806
	Total	$	7,110	$	14,381

Notes_Payable_Tables

Notes Payable (Tables)	9 Months Ended
	Feb. 28, 2015
Notes Payable [Abstract]
Schedule of Notes Payable	There are seven (7) unsecured promissory notes bearing interest at 8% per annum which are due on demand.
	Date	Principal		Interest		Total
	6-Oct-10	$	3,000	$	1,057	$	4,057
	22-Feb-11		1,500		482		1,982
	17-May-11		7,500		2,273		9,773
	16-Sep-11		5,000		1,382		6,382
	4-Nov-11		5,000		1,328		6,328
	15-Mar-12		10,000		2,367		12,367
	14-Dec-12		13,000		2,128		15,128
	Total	$	45,000	$	11,017	$	56,017
	There are five (5) unsecured promissory notes bearing interest at 8% per annum which are due on demand, and convertible at a conversion price of US$0.005 per share at the lender’s option. The convertible notes are at the same interest rate as promissory notes that have no conversion feature.
	Date	Principal		Interest		Total
	2-Apr-13	$	14,000	$	2,139	$	16,139
	4-Sep-13		30,000		3,564		33,564
	15-Oct-13		15,000		1,647		16,647
	8-Jan-14		10,000		912		10,912
	3-Dec-14		20,000		127		20,127
	Total	$	89,000	$	8,389	$	97,389

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	Feb. 28, 2015
Going Concern
Accumulated deficit	$173,307

Accrued_Expenses_Schedule_of_A

Accrued Expenses - Schedule of Accrued Expenses (Details) (USD $)	Feb. 28, 2015	31-May-14
Payables and Accruals [Abstract]
Accrued audit fee	$3,000	$10,000
Accrued accounting fee	1,725	1,575
Accrued office expenses	2,385	2,806
Total	$7,110	$14,381

Common_Stock_Details_Narrative

Common Stock (Details Narrative)	9 Months Ended
	Feb. 28, 2015	31-May-14
Equity [Abstract]
Number of common stock sold during period	0
Common stock, shares issued	7,000,000	7,000,000
Common stock, shares outstanding	7,000,000
Number of warrants outstanding	0
Number of outstanding stock options	0

Notes_Payable_Schedule_of_Note

Notes Payable - Schedule of Notes Payable (Details) (USD $)	9 Months Ended
	Feb. 28, 2015
Unsecured Notes One [Member]
Notes payable, Principal	$45,000
Notes payable, Interest	11,017
Notes payable, Total	56,017
Unsecured Notes One [Member] | October 6, 2010 [Member]
Date	6-Oct-10
Notes payable, Principal	3,000
Notes payable, Interest	1,057
Notes payable, Total	4,057
Unsecured Notes One [Member] | February 22, 2011 [Member]
Date	22-Feb-11
Notes payable, Principal	1,500
Notes payable, Interest	482
Notes payable, Total	1,982
Unsecured Notes One [Member] | May 17, 2011 [Member]
Date	17-May-11
Notes payable, Principal	7,500
Notes payable, Interest	2,273
Notes payable, Total	9,773
Unsecured Notes One [Member] | September 16, 2011 [Member]
Date	16-Sep-11
Notes payable, Principal	5,000
Notes payable, Interest	1,382
Notes payable, Total	6,382
Unsecured Notes One [Member] | November 4, 2011 [Member]
Date	4-Nov-11
Notes payable, Principal	5,000
Notes payable, Interest	1,328
Notes payable, Total	6,328
Unsecured Notes One [Member] | March 15, 2012 [Member]
Date	15-Mar-12
Notes payable, Principal	10,000
Notes payable, Interest	2,367
Notes payable, Total	12,367
Unsecured Notes One [Member] | December 14, 2012 [Member]
Date	14-Dec-12
Notes payable, Principal	13,000
Notes payable, Interest	2,128
Notes payable, Total	15,128
Unsecured Notes Two [Member]
Notes payable, Principal	89,000
Notes payable, Interest	8,389
Notes payable, Total	97,389
Unsecured Notes Two [Member] | April 2, 2013 [Member]
Date	2-Apr-13
Notes payable, Principal	14,000
Notes payable, Interest	2,139
Notes payable, Total	16,139
Unsecured Notes Two [Member] | September 4, 2013 [Member
Date	4-Sep-13
Notes payable, Principal	30,000
Notes payable, Interest	3,564
Notes payable, Total	33,564
Unsecured Notes Two [Member] | October 15, 2013 [Member
Date	15-Oct-13
Notes payable, Principal	15,000
Notes payable, Interest	1,647
Notes payable, Total	16,647
Unsecured Notes Two [Member] | January 8, 2014 [Member]
Date	8-Jan-14
Notes payable, Principal	10,000
Notes payable, Interest	912
Notes payable, Total	10,912
Unsecured Notes Two [Member] | December 3, 2014 [Member]
Date	3-Dec-14
Notes payable, Principal	20,000
Notes payable, Interest	127
Notes payable, Total	$20,127

Notes_Payable_Schedule_of_Note1

Notes Payable - Schedule of Notes Payable (Details) (Parenthetical) (USD $)	9 Months Ended
	Feb. 28, 2015
	Integer
Unsecured Notes One [Member]
Number of unsecured promissory notes	7
Notes payable, interest rate	8.00%
Unsecured Notes Two [Member]
Number of unsecured promissory notes	5
Notes payable, interest rate	8.00%
Debt instrument, conversion price	0.005