Century Acquisition 10-K 15 Oct 13 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jun. 30, 2013	Oct. 15, 2013	Dec. 31, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	Century Acquisition Corp
Entity Central Index Key	1505366
Current Fiscal Year End Date	-24
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		998,275
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	30-Jun-13
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2013
Entity Public Float			$0
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes

Balance_Sheets

Balance Sheets (USD $)	Jun. 30, 2013	Jun. 30, 2012
CURRENT ASSETS
Cash and cash equivalents	$0	$0
Total assets
CURRENT LIABILITIES
Payable to affiliate		10,361
Accounts payable		434
Accrued expenses	8,392
Amount due to stockholders	6,754
Total current liabilities	15,146	10,795
STOCKHOLDERS' DEFICIT
Preference shares, $0.000128 par value, 781,250 shares authorized, none issued and outstanding
Ordinary shares, $0.000128 par value; 39,062,500 shares authorized; 998,275 shares issued and outstanding as of June 30, 2013 and June 30, 2012	128	128
Additional paid in capital	6,596	6,596
Deficit accumulated during development stage	-21,870	-17,519
Total stockholders' deficit	-15,146	-10,795
Total liabilities and shareholders' deficit

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2013	Jun. 30, 2012
Balance Sheets [Abstract]
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	781,250	781,250
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	39,062,500	39,062,500
Common stock, shares issued	998,275	998,275
Common stock, shares outstanding	998,275	998,275

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended		81 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Statements of Operations [Abstract]
Revenues
Expenses
Formation, general and administrative expenses	15,146	3,047	32,665
Total operating expenses	15,146	3,047	32,665
Other income
Release of payable obligation	10,795		10,795
Loss before income taxes	-4,351	-3,047	-21,870
Income tax expense
Net loss	($4,351)	($3,047)	($21,870)
Basic and diluted earnings/(loss) per share	$0	$0
Weighted average ordinary shares outstanding - Basic and diluted	998,275	998,275

Statements_of_Shareholders_Def

Statements of Shareholders' Deficit (USD $)	Total	Preference Shares [Member]	Ordinary Shares [Member]	Additional Paid-In Capital [Member]	Deficit Accumulated During Development Stage [Member]
Balances at Sep. 26, 2006
Balance, shares at Sep. 26, 2006
Founder shares issued at September 27, 2006	110		110
Founder shares issued at September 27, 2006, shares			859,375
Net loss	-5,692				-5,692
Balances at Jun. 30, 2007	-5,582		110		-5,692
Balance, shares at Jun. 30, 2007			859,375
Net loss	-2,073				-2,073
Balances at Jun. 30, 2008	-7,655		110		-7,765
Balance, shares at Jun. 30, 2008			859,375
Sale of Ordinary shares	6,614		18	6,596
Sale of Ordinary shares, shares			138,900
Net loss	-1,587				-1,587
Balances at Jun. 30, 2009	-2,628		128	6,596	-9,352
Balance, shares at Jun. 30, 2009			998,275
Net loss	-1,782				-1,782
Balances at Jun. 30, 2010	-4,410		128	6,596	-11,134
Balance, shares at Jun. 30, 2010			998,275
Net loss	-3,338				-3,338
Balances at Jun. 30, 2011	-7,748		128	6,596	-14,472
Balance, shares at Jun. 30, 2011			998,275
Net loss	-3,047				-3,047
Balances at Jun. 30, 2012	-10,795		128	6,596	-17,519
Balance, shares at Jun. 30, 2012			998,275
Net loss	-4,351				-4,351
Balances at Jun. 30, 2013	($15,146)		$128	$6,596	($21,870)
Balance, shares at Jun. 30, 2013			998,275

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended		81 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Cash flows from operating activities
Net loss	($4,351)	($3,047)	($21,870)
Adjustments to reconcile net income (loss) to cash used in operating activities:
Release of payable obligation	-10,795		-10,795
Shares issued to Founder for payment of formation costs			110
Changes in operating assets and liabilities
Payable to affiliate		2,958	10,361
Accounts payable		89	434
Accrued expenses	8,392		8,392
Amount due to stockholders	6,754		6,754
Net cash used in operating activities			-6,614
Cash flows from investing activities
Net cash provided by investing activities
Cash flows from financing activities
Proceeds from issuance of ordinary shares			6,614
Net cash provided by financing activities			6,614
Net increase (decrease) in cash
Cash and cash equivalents at beginning of the period	0	0	0
Cash and cash equivalents at end of the period	0	0	0
Supplemental disclosures of cash flow information:
Interest paid
Income taxes paid

Organization_Business_and_Oper

Organization, Business and Operations	12 Months Ended
	Jun. 30, 2013
Organization, Business and Operations [Abstract]
Organization, Business and Operations	NOTE 1 - Organization, Business and Operations
	On September 27, 2006, Century Acquisition Corporation (the "Company") was formed in the Cayman Islands with the objective to acquire, or merge with, an operating business.
	At June 30, 2013, the Company had not yet commenced operations. All activity from September 27, 2006 ("Date of Inception") through June 30, 2013 relates to the Company's formation. The Company selected June 30 as its fiscal year-end.
	The Company, based on its proposed business activities, is a "blank check" company. The Securities and Exchange Commission defines such a company as "a development stage company" as it either has no specific business plan or purpose, or has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies, or other entity or person; and has issued "penny stock", as defined in Rule 3a51-1 under the Securities Exchange Act of 1934. Many states have enacted statutes, rules and regulations limiting the sale of securities of "blank check" companies in their respective jurisdictions. Management does not intend to undertake any efforts to cause a market to develop in its securities, either debt or equity, until the Company concludes a business combination with an operating entity.
	The Company was organized to acquire a target company or business seeking the perceived advantages of being a publicly-held company and, to a lesser extent that desires to employ the Company's funds in its business. The Company's principal business objective for the next 12 months and beyond will be to achieve long-term growth potential through a business combination rather than short-term earnings. The Company will not restrict its potential candidate target companies to any specific business, industry or geographical location. The analysis of new business opportunities will be undertaken by or under the supervision of the officers and directors of the Company.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2013
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 - Summary of Significant Accounting Policies
	Basis of Presentation
	The Company has not earned any revenue from operations. Accordingly, the Company's activities have been accounted for as those of a "Development Stage Company" as set forth in Financial Accounting Standards Board Accounting Standards Codification 915 ("FASB ASC 915"). Among the disclosures required by FASB ASC 915 are that the Company's financial statements be identified as those of a development stage company, and that the statements of operations, stockholders' deficit and cash flows disclose activity since the date of the Company's inception.
	Statement of Cash Flows
	For purposes of the statement of cash flows, we consider all highly liquid investments (i.e., investments which, when purchased, have original maturities of three months or less) to be cash equivalents.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Basic Earnings (Loss) Per Share
	Basic earnings/(loss) per ordinary share is based on the weighted effect of ordinary shares issued and outstanding, and is calculated by dividing net income/(loss) by the weighted average shares outstanding during the period. Diluted earnings/(loss) per ordinary share is calculated by dividing net income/(loss) by the weighted average number of ordinary shares used in the basic earnings/(loss) per share calculation plus the number of ordinary shares that would be issued assuming exercise or conversion of all potentially dilutive ordinary shares outstanding.
	At June 30, 2013 and June 30, 2012, there were no potentially dilutive ordinary shares outstanding.
	Income Taxes
	Century Acquisition Corporation was registered as an Exempted Company in the Cayman Islands, and therefore, is not subject to Cayman Islands income taxes for 20 years from the Date of Inception. While the Company has no intention of conducting any business activities in the United States, the Company would be subject to United States income taxes based on such activities that would occur in the United States.
	The Company accounts for income taxes using the liability method whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. In assessing the realization of deferred tax assets, management considers whether it is likely that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the Company attaining future taxable income during periods in which those temporary differences become deductible.
	Fair Value of Financial Instruments
	Our financial instruments consist of accounts payable and payables to an affiliate. We believe the fair value of our payables reflects their carrying amounts.
	The fair value of the Company's financial instruments reflects the amounts that the Company estimates to receive in connection with the sale of an asset or paid in connection with the transfer of a liability in an orderly transaction between market participants at the measurement date (exit price). The guidance also established a fair value hierarchy that prioritizes the use of inputs used in valuation techniques into the following three levels:
	Level 1 - quoted prices in active markets for identical assets and liabilities.
	Level 2 - observable inputs other than quoted prices in active markets for identical assets and liabilities.
	Level 3 - unobservable inputs.
	As of June 30, 2013 and June 30, 2012, the Company did not have financial assets or liabilities that would require measurement on a recurring basis based on this guidance.
	Recently Issued Accounting Pronouncements
	Accounting standards that have been issued or proposed by the Financial Accounting Standards Board or other standards-setting bodies are not expected to have a material impact on the Company's financial position, results of operations and cash flows.

Liquidity_and_Capital_Resource

Liquidity and Capital Resources	12 Months Ended
	Jun. 30, 2013
Liquidity and Capital Resources [Abstract]
Liquidity and Capital Resources	NOTE 3 - Liquidity and Capital Resources
	The Company has no revenues for the period from inception (September 27, 2006) through June 30, 2013, and does not intend to realize revenues until the consummation of a merger with an operating entity. The Company's principal business objective for the next 12 months and beyond will be to achieve long-term growth potential through a business combination rather than short-term earnings. There can be no assurance that the Company will ever consummate the business combination; achieve or sustain profitability or positive cash flows from its operations, reduce expenses or sell ordinary shares. To date, the Company has funded its formation activities primarily through issuances of its ordinary shares and advances from stockholders.
	The primary stockholder has agreed to continue funding the Company's formation activities through the next 12 months, or until a business combination has been consummated.

Payable_to_Affiliate_and_Accou

Payable to Affiliate and Accounts Payable	12 Months Ended
	Jun. 30, 2013
Payable to Affiliate and Accounts Payable [Abstract]
Payable to Affiliate and Accounts Payable	NOTE 4 - Payable to Affiliate and Accounts Payable
	On November 15, 2012, a related party to the Seller, released the Company from the payable to affiliate of $10,361 and waived any rights or obligations pursuant to this liability.  The Company had a payable to affiliate of $0 and $10,361 to a Founder of the Company as of June 30, 2013 and June 30, 2012, respectively. Additionally, as of November 15, 2012, pursuant to the Stock Purchase Agreements with Sword Dancer, LLC, the accounts payable of $434 related to general and administrative expenses is the sole responsibility of the Seller and is no longer a Company obligation. The Company had accounts payable related to the formation of the Company and general and administrative expenses of $0 and $434 as of June 30, 2013 and June 30, 2012, respectively.

Amount_due_to_a_Stockholder

Amount due to a Stockholder	12 Months Ended
	Jun. 30, 2013
Amount Due To Stockholder [Abstract]
Amount due to a Stockholder	NOTE 5 - Amount due to a Stockholder
	Amount due to a stockholder represents expenses necessary to operate, including expenses necessary to file reports with the SEC and professional expenses. The amount is unsecured and non- interest bearing.

Ordinary_Shares

Ordinary Shares	12 Months Ended
	Jun. 30, 2013
Ordinary Shares [Abstract]
Ordinary Shares	NOTE 6 - Ordinary Shares
	On September 27, 2006, the Company was formed with 859,375 shares of its restricted ordinary shares issued at par value of $0.000128 per share, for consideration of $110 to its founding shareholders. The stock, along with a payable issued to a Founder of $2,482, were the basis of the funding of the Company's formation costs. On March 21, 2008, the Company sold 138,900 shares of its restricted ordinary shares for $6,614. The restricted ordinary shares were sold to approximately 450 offshore private investors pursuant to a Private Placement Offering in lots of 300 shares each at approximately $0.05 per share. No underwriting discounts or commissions were paid with respect to such sales.
	On November 15, 2012, the Company, Access America Fund, L.P. (the "Seller"), and Sword Dancer, LLC (the "Purchaser") entered into and closed a Stock Purchase Agreement, whereby the Purchaser agreed to purchase from the Seller, 781,250 ordinary shares of the Company's capital stock, par value $0.000128 per share, representing approximately 78.3% of the issued and outstanding ordinary shares of the Company, for an aggregate purchase price of $33,334.  As a result of this transaction, the Purchaser became our controlling stockholder.

Preference_Shares

Preference Shares	12 Months Ended
	Jun. 30, 2013
Preference Shares [Abstract]
Preference Shares	NOTE 7 - Preference Shares
	The Company is authorized to issue 781,250 shares of preference shares with such designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors. At June 30, 2013 and June 30, 2012, there were no preference shares issued or outstanding.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2013
Commitments and Contingencies [Abstract]
Commitments and Contingencies	NOTE 8 - Commitments and Contingencies
	The Company may become subject to various claims and litigation. The Company vigorously defends its legal position when these matters arise. The Company is neither a party to, nor the subject of, any material pending legal proceeding nor to the knowledge of the Company, are any such legal proceedings threatened against the Company.

Subsequent_Events

Subsequent Events	12 Months Ended
	Jun. 30, 2013
Subsequent Events [Abstract]
Subsequent Events	NOTE 9 - Subsequent Events
	On October 10, 2013, the Company's sole officer and director, Gregg E. Jaclin, resigned from all of his positions with the Company. The resignation of Mr. Jaclin was not a result of any disagreements relating to the Company's operations, policies or practices.
	On the same date, William R. Joubert was elected as the Company's sole director and appointed as the Company's Chief Executive Officer, President, and Chief Financial Officer.
	The Company considered all events subsequent to the balance sheet date through the date of issuance of the financial statements that would require recognition or disclosure in the financial statements.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2013
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
	The Company has not earned any revenue from operations. Accordingly, the Company's activities have been accounted for as those of a "Development Stage Company" as set forth in Financial Accounting Standards Board Accounting Standards Codification 915 ("FASB ASC 915"). Among the disclosures required by FASB ASC 915 are that the Company's financial statements be identified as those of a development stage company, and that the statements of operations, stockholders' deficit and cash flows disclose activity since the date of the Company's inception.
Statement of Cash Flows	Statement of Cash Flows
	For purposes of the statement of cash flows, we consider all highly liquid investments (i.e., investments which, when purchased, have original maturities of three months or less) to be cash equivalents.
Use of Estimates	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Basic Earnings (Loss) Per Share	Basic Earnings (Loss) Per Share
	Basic earnings/(loss) per ordinary share is based on the weighted effect of ordinary shares issued and outstanding, and is calculated by dividing net income/(loss) by the weighted average shares outstanding during the period. Diluted earnings/(loss) per ordinary share is calculated by dividing net income/(loss) by the weighted average number of ordinary shares used in the basic earnings/(loss) per share calculation plus the number of ordinary shares that would be issued assuming exercise or conversion of all potentially dilutive ordinary shares outstanding.
	At June 30, 2013 and June 30, 2012, there were no potentially dilutive ordinary shares outstanding.
Income Taxes	Income Taxes
	Century Acquisition Corporation was registered as an Exempted Company in the Cayman Islands, and therefore, is not subject to Cayman Islands income taxes for 20 years from the Date of Inception. While the Company has no intention of conducting any business activities in the United States, the Company would be subject to United States income taxes based on such activities that would occur in the United States.
	The Company accounts for income taxes using the liability method whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. In assessing the realization of deferred tax assets, management considers whether it is likely that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the Company attaining future taxable income during periods in which those temporary differences become deductible.
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	Our financial instruments consist of accounts payable and payables to an affiliate. We believe the fair value of our payables reflects their carrying amounts.
	The fair value of the Company's financial instruments reflects the amounts that the Company estimates to receive in connection with the sale of an asset or paid in connection with the transfer of a liability in an orderly transaction between market participants at the measurement date (exit price). The guidance also established a fair value hierarchy that prioritizes the use of inputs used in valuation techniques into the following three levels:
	Level 1 - quoted prices in active markets for identical assets and liabilities.
	Level 2 - observable inputs other than quoted prices in active markets for identical assets and liabilities.
	Level 3 - unobservable inputs.
	As of June 30, 2013 and June 30, 2012, the Company did not have financial assets or liabilities that would require measurement on a recurring basis based on this guidance.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements
	Accounting standards that have been issued or proposed by the Financial Accounting Standards Board or other standards-setting bodies are not expected to have a material impact on the Company's financial position, results of operations and cash flows.

Payable_to_Affiliate_and_Accou1

Payable to Affiliate and Accounts Payable (Details) (USD $)	Jun. 30, 2013	Nov. 15, 2012	Jun. 30, 2012
Payable to Affiliate and Accounts Payable [Abstract]
Payable to affiliate		$10,361	$10,361
Accounts payable			$434

Ordinary_Shares_Details

Ordinary Shares (Details) (USD $)	1 Months Ended	9 Months Ended					1 Months Ended
	Mar. 21, 2008	Jun. 30, 2007	Jun. 30, 2013	Jun. 30, 2012	Sep. 28, 2006	Nov. 15, 2012	Sep. 30, 2006	Sep. 28, 2006
						Access America Fund Lp [Member]	Founder [Member]	Founder [Member]
Issuance of founder's share (in Shares)							859,375
Common stock, par value (in dollars per share)			$0.00	$0.00	$0.00
Issuance of founder's share		$110					$110
Notes Payable								2,482
Stock Issued During Period, Shares, Issued for Cash	138,900
Stock Issued During Period, Value, Issued for Cash	6,614
Share Price	$0.05
Number Of Shares Transferred						781,250
Par Value Of Shares Transferred						$0.00
Ownership Percentage Transferred						78.30%
Amount Of Purchase Consideration Paid By Purchaser						$33,334

Preference_Shares_Details

Preference Shares (Details)	Jun. 30, 2013	Jun. 30, 2012
Preferred stock, shares authorized	781,250	781,250
Preferred stock, shares issued
Preferred stock, shares outstanding