Avante Systems 10-Q 17 Mar 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jan. 31, 2014	Feb. 26, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Avante Systems, Inc.	'
Entity Central Index Key	'0001504388	'
Document Type	'10-Q	'
Document Period End Date	31-Jan-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--10-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	2,350,000
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'

Balance_Sheets

Balance Sheets (USD $)	Jan. 31, 2014	Oct. 31, 2013
Current Assets	'	'
Cash and equivalents	$39,105	$44,088
Prepaid expenses	13,954	17,722
TOTAL ASSETS	53,059	61,810
Current Liabilities	'	'
Accrued expenses	3,520	6,070
Due to officer	0	0
Total Liabilities	3,520	6,070
Stockholders Equity (Deficit)	'	'
Common Stock, $.001 par value, 90,000,000 shares authorized, 2,350,000 and 2,350,000 shares issued and outstanding, respectively	2,350	2,350
Preferred Stock, $.001 par value, 10,000,000 shares authorized, -0- shares issued and outstanding	0	0
Additional paid-in capital	159,197	159,197
Deficit accumulated during the development stage	-112,008	-105,807
Total stockholders equity (deficit)	49,539	55,740
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	$53,059	$61,810

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Jan. 31, 2014	Oct. 31, 2013
Statement of Financial Position [Abstract]	'	'
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	90,000,000	90,000,000
Common Stock, Issued	2,350,000	2,350,000
Preferred Stock, Par Value	$0.00	$0.00
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Issued	0	0

Statements_of_Operations

Statements of Operations (USD $)	3 Months Ended		42 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014
Income Statement [Abstract]	'	'	'
REVENUES	$0	$0	$0
OPERATING EXPENSES	'	'	'
Organization costs	0	0	320
Bank charges	13	0	138
Professional fees	6,188	7,269	111,563
TOTAL OPERATING EXPENSES	6,201	7,269	112,021
LOSS FROM OPERATIONS	-6,201	-7,269	-112,021
OTHER INCOME (EXPENSES)	'	'	'
Interest income	0	0	13
LOSS BEFORE PROVISION FOR INCOME TAXES	-6,201	-7,269	-112,021
PROVISION FOR INCOME TAXES	0	0	0
NET LOSS	($6,201)	($7,269)	($112,008)
NET LOSS PER SHARE: BASIC AND DILUTED	$0	$0	'
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	2,350,000	2,625,000	'

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	3 Months Ended		12 Months Ended	38 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Oct. 31, 2013	Jan. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES	'	'	'	'
Net loss for the period	($6,201)	($7,269)	'	($112,008)
Changes in assets and liabilities:	'	'	'	'
(Increase) decrease in prepaid expenses	3,768	169	'	-13,954
Increase (decrease) in accrued expenses	-2,550	3,350	'	3,520
Net Cash Used by Operating Activities	-4,983	-3,750	'	-122,442
CASH FLOWS FROM FINANCING ACTIVITIES	'	'	'	'
Proceeds from sales of common stock	0	0	'	102,500
Proceeds from officer loan	0	3,750	42,147	59,047
Net Cash Provided by Financing Activities	0	3,750	'	161,547
Net Increase (Decrease) in Cash and Cash Equivalents	-4,983	0	'	39,105
Cash and cash equivalents, beginning of period	44,088	0	0	0
Cash and cash equivalents, end of period	39,105	0	44,088	39,105
SUPPLEMENTAL CASH FLOW INFORMATION	'	'	'	'
Interest paid	0	0	'	0
Income taxes paid	0	0	'	0
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION	'	'	'	'
Forgiveness of amount due to officer recorded as contributed capital	$0	$0	'	$59,047

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jan. 31, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	Nature of Business
	Avante Systems, Inc. (“Avante” and the “Company”) is a development stage company and was incorporated in Nevada on August 12, 2010. The Company was formed for the purpose of developing, manufacturing, and selling a video camera integrated with a 3G mobile phone module specifically for use in schools, child/eldercare facilities, and residences in Asia. On January 28, 2014, the Company acquired a 100% ownership interest in Evolv3D Printers Corp. from its sole officer.
	Development Stage Company
	The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development-stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, and there has been no significant revenues there from.
	Basis of Presentation
	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
	Principles of Consolidation
	These financial statements include the accounts of BMIX the Company and its 100% subsidiary, Evolv3D Printers Corp. All material intercompany accounts and transactions have been eliminated in consolidation
	Accounting Basis
	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting).  The Company has adopted an October 31 fiscal year end.
	Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.
	Fair Value of Financial Instruments
	Avante’s financial instruments consist of cash and cash equivalents, prepaid expenses, accrued expenses and an amount due to an officer. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.
	Income Taxes
	Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
	Revenue Recognition
	The Company will recognize revenue when products are fully delivered or services have been provided and collection is reasonably assured.
	Loss Per Common Share
	Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any potentially dilutive instruments.
	Stock-Based Compensation
	Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.
	As of January 31, 2014, the Company has not issued any stock-based payments to its employees.
	Recent Accounting Pronouncements
	Avante does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

PREPAID_EXPENSES

PREPAID EXPENSES	3 Months Ended
	Jan. 31, 2014
Notes to Financial Statements	'
PREPAID EXPENSES	'
	Prepaid expenses at January 31, 2014 consisted of an advance paid to the Company’s attorney for services to be rendered for periods after the Company’s year-end.

ACCRUED_EXPENSES

ACCRUED EXPENSES	3 Months Ended
	Jan. 31, 2014
Notes to Financial Statements	'
ACCRUED EXPENSES	'
	Accrued expenses consisted of the following at January 31, 2014 and October 31, 2013:
		2014		2013
	Audit fees	$	0	$	4,250
	Legal fees		1,220		1,220
	Accounting fees		2,300		600
	Transfer agent fees		0		0
	Total Accrued Expenses	$	3,520	$	6,070

DUE_TO_OFFICER

DUE TO OFFICER	3 Months Ended
	Jan. 31, 2014
Notes to Financial Statements	'
DUE TO OFFICER	'
	During the year ended October 31, 2011, an officer and shareholder loaned the Company $1,500 to help fund operations. The officer loaned an additional $42,147 and $15,400 during the years ended January 31, 2014 and 2012, respectively. During the year ended October 31, 2013, the officer forgave the entire balance due and the amount has been recorded as contributed capital. The balance due to the officer was $0 and $0 as of January 31, 2014 and October 31, 2013, respectively. The loans were non-interest bearing, unsecured and due upon demand.

CAPITAL_STOCK

CAPITAL STOCK	3 Months Ended
	Jan. 31, 2014
Equity [Abstract]	'
CAPITAL STOCK	'
	The Company has 90,000,000 shares of $0.001 par value common stock authorized and 10,000,000 shares of $0.001 par value preferred stock authorized.
	During the period ended October 31, 2010, the Company issued 2,625,000 shares of common stock at $0.02 per share for total cash proceeds of $52,500.
	During the year ended October 31, 2013, the Company issued 1,000,000 shares of common stock at $0.05 per share for total cash proceeds of $50,000.
	Also during the year ended October 31, 2013, an officer returned and cancelled 1,275,000 shares of common stock.
	The Company has 2,350,000 shares of common stock issued and outstanding as of January 31, 2014. There are no shares of preferred stock issued and outstanding as of January 31, 2014.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Jan. 31, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	For the period ended January 31, 2014, Avante has incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is approximately $112,008 at January 31, 2014, and will expire beginning in the year 2031.
	The provision for Federal income tax consists of the following for the periods ended January 31:
		2013			2012
	Federal income tax benefit attributable to:
	Current operations	$	2,108		$	2,470
	Less: valuation allowance		(2,108	)		(2,470	)
	Net provision for Federal income taxes	$	0		$	0
	The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of October 31:
		31-Jan-14			31-Oct-13
	Deferred tax asset attributable to:
	Net operating loss carryover	$	38,083		$	35,974
	Less: valuation allowance		(38,083	)		(35,974	)
	Net deferred tax asset	$	0		$	0
	Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of $110,596 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jan. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	Avante neither owns nor leases any real or personal property. An officer has provided office space without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

LIQUIDITY_AND_GOING_CONCERN

LIQUIDITY AND GOING CONCERN	3 Months Ended
	Jan. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
LIQUIDITY AND GOING CONCERN	'
	Avante has limited working capital, has not yet received revenues from sales of products or services, and has incurred operating losses since its inception. These factors create substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going concern.
	The ability of Avante to continue as a going concern is dependent on the Company generating cash from the sale of its common stock and/or obtaining debt financing and attaining future profitable operations. Management’s plans include selling its equity securities and obtaining debt financing to fund its capital requirement and ongoing operations; however, there can be no assurance the Company will be successful in these efforts.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Jan. 31, 2014
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	During the year ended October 31, 2011, an officer and shareholder loaned the Company $1,500 to help fund operations. The officer loaned an additional $42,147 and $15,400 during the years ended January 31, 2014 and 2012, respectively. During the year ended October 31, 2013, the officer forgave the entire balance due and the amount has been recorded as contributed capital. The balance due to the officer was $0 and $0 as of January 31, 2014 and October 31, 2013, respectively. The loans were non-interest bearing, unsecured and due upon demand.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jan. 31, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to January 31, 2014 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements other than the events described above.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jan. 31, 2014
Accounting Policies [Abstract]	'
Nature of Business	'
	Avante Systems, Inc. (“Avante” and the “Company”) is a development stage company and was incorporated in Nevada on August 12, 2010. The Company was formed for the purpose of developing, manufacturing, and selling a video camera integrated with a 3G mobile phone module specifically for use in schools, child/eldercare facilities, and residences in Asia. On January 28, 2014, the Company acquired a 100% ownership interest in Evolv3D Printers Corp. from its sole officer.
Development Stage Company	'
	The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development-stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, and there has been no significant revenues there from.
Basis of Presentation	'
	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
Principles of Consolidation	'
	These financial statements include the accounts of BMIX the Company and its 100% subsidiary, Evolv3D Printers Corp. All material intercompany accounts and transactions have been eliminated in consolidation
Accounting Basis	'
	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting).  The Company has adopted an October 31 fiscal year end.
Use of Estimates	'
	The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	'
	For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.
Fair Value of Financial Instruments	'
	Avante’s financial instruments consist of cash and cash equivalents, prepaid expenses, accrued expenses and an amount due to an officer. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.
Income Taxes	'
	Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Revenue Recognition	'
	The Company will recognize revenue when products are fully delivered or services have been provided and collection is reasonably assured.
Loss Per Common Share	'
	Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any potentially dilutive instruments.
Stock-Based Compensation	'
	Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.
	As of January 31, 2014, the Company has not issued any stock-based payments to its employees.
Recent Accounting Pronouncements	'
	Avante does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

ACCRUED_EXPENSES_Tables

ACCRUED EXPENSES (Tables)	3 Months Ended
	Jan. 31, 2014
Notes to Financial Statements	'
ACCRUED EXPENSES	'
		2014		2013
	Audit fees	$	0	$	4,250
	Legal fees		1,220		1,220
	Accounting fees		2,300		600
	Transfer agent fees		0		0
	Total Accrued Expenses	$	3,520	$	6,070

INCOME_TAXES_Tables

INCOME TAXES (Tables)	3 Months Ended
	Jan. 31, 2014
Income Tax Disclosure [Abstract]	'
Federal Income Tax	'
		2013			2012
	Federal income tax benefit attributable to:
	Current operations	$	2,108		$	2,470
	Less: valuation allowance		(2,108	)		(2,470	)
	Net provision for Federal income taxes	$	0		$	0
Deferred Tax Asset	'
		31-Jan-14			31-Oct-13
	Deferred tax asset attributable to:
	Net operating loss carryover	$	38,083		$	35,974
	Less: valuation allowance		(38,083	)		(35,974	)
	Net deferred tax asset	$	0		$	0

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended
	Jan. 28, 2014	Jan. 31, 2014
Accounting Policies [Abstract]	'	'
Date Of Incorporation	'	12-Aug-10
Acquisition of Ownership Interest	100.00%	'
Current Fiscal Year End Date	'	'--10-31

ACCRUED_EXPENSES_ACCRUED_EXPEN

ACCRUED EXPENSES - ACCRUED EXPENSES (Details) (USD $)	Jan. 31, 2014	Oct. 31, 2013
Notes to Financial Statements	'	'
Audit fees	$0	$4,250
Legal fees	1,220	1,220
Accounting fees	2,300	600
Transfer agent fees	0	0
Total Accrued Expenses	$3,520	$6,070

DUE_TO_OFFICER_Details_Narrati

DUE TO OFFICER (Details Narrative) (USD $)	3 Months Ended		12 Months Ended			38 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011	Jan. 31, 2014
Notes to Financial Statements	'	'	'	'	'	'
Proceeds From Officer's Loan	$0	$3,750	$42,147	$15,400	$1,500	$59,047
Due To Related Parties	$0	'	$0	'	'	'

CAPITAL_STOCK_Details_Narrativ

CAPITAL STOCK (Details Narrative) (USD $)	3 Months Ended	12 Months Ended
	Oct. 31, 2010	Oct. 31, 2013	Jan. 31, 2014
Equity [Abstract]	'	'	'
Common Stock Shares Authorized	'	90,000,000	90,000,000
Common Stock Par Value	'	$0.00	$0.00
Preferred Stock Shares Authorized	'	10,000,000	10,000,000
Preferred Stock Par Value	'	$0.00	$0.00
Common Stock Shares Issued	'	2,350,000	2,350,000
Preferred Stock Shares Issued	'	0	0
Common Stock, Voluntary cancellation of shares	'	1,275,000	'
Common stock, shares issued for cash proceeds	2,625,000	1,000,000	'
Common Stock, shares issued for cash proceeds	$52,500	$50,000	'
Common Stock, price per share for cash proceeds	0.02	0.05	'

INCOME_TAXES_Federal_Income_Ta

INCOME TAXES - Federal Income Tax (Details) (USD $)	3 Months Ended
	Jan. 31, 2014	Jan. 31, 2013
Federal income tax benefit attributable to:	'	'
Current operations	$2,108	$2,470
Less: valuation allowance	-2,108	-2,470
Net provision for Federal income taxes	$0	$0

INCOME_TAXES_Deferred_Tax_Asse

INCOME TAXES - Deferred Tax Asset (Details) (USD $)	Jan. 31, 2014	Oct. 31, 2013
Deferred tax asset attributable to:	'	'
Net operating loss carryover	$38,083	$35,974
Less: valuation allowance	-38,083	-35,974
Net deferred tax asset	$0	$0

INCOME_TAXES_Details_Narrative

INCOME TAXES (Details Narrative) (USD $)	3 Months Ended
	Jan. 31, 2014
Income Tax Disclosure [Abstract]	'
Operating Loss Carry Forward	$112,008
Carryforward Expiration Date	31-Jan-31
Cumulative tax effect expected rate	34.00%

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	3 Months Ended		12 Months Ended			38 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011	Jan. 31, 2014
Related Party Transactions [Abstract]	'	'	'	'	'	'
Proceeds From Officer's Loan	$0	$3,750	$42,147	$15,400	$1,500	$59,047
Due To Related Parties	$0	'	$0	'	'	'