Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Dec. 31, 2013 | Feb. 13, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Trail One, Inc. | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--09-30 | ' |
Entity Common Stock, Shares Outstanding | ' | 18,000,000 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001506251 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 31-Dec-13 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
BALANCE_SHEETS_Unaudited
BALANCE SHEETS (Unaudited) (USD $) | Dec. 31, 2013 | Sep. 30, 2013 |
Current assets | ' | ' |
Cash and cash equivalents | $0 | $0 |
Prepaid Expenses | 5,950 | 0 |
Total Current Assets | 5,950 | 0 |
Total Assets | 5,950 | 0 |
Current liabilities | ' | ' |
Bank Overdrafts | 0 | 9 |
Accounts payable | 198 | 11,474 |
Notes payable | 20,723 | 3,200 |
Accrued interest | 78 | 11 |
Total current liabilities | 20,999 | 14,694 |
Stockholders' equity (deficit) | ' | ' |
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of December 31, 2013 and September 30, 2013 | 0 | 0 |
Common stock, $0.001 par value, 90,000,000 shares authorized, 18,000,000 shares issued and outstanding as of December 31, 2013 and September 30, 2013 | 18,000 | 18,000 |
Additional paid in capital | 62,532 | 62,522 |
Deficit accumulated during the development stage | -95,581 | -95,216 |
Total (deficiency in) stockholders' equity | -15,049 | -14,694 |
Total liabilities and (deficiency in) stockholders' equity | $5,950 | $0 |
BALANCE_SHEETS_Unaudited_Paren
BALANCE SHEETS (Unaudited) (Parentheticals) (USD $) | Dec. 31, 2013 | Sep. 30, 2013 |
Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 90,000,000 | 90,000,000 |
Common stock, shares issued | 18,000,000 | 18,000,000 |
Common stock, shares outstanding | 18,000,000 | 18,000,000 |
STATEMENTS_OF_OPERATIONS_Unaud
STATEMENTS OF OPERATIONS (Unaudited) (USD $) | 3 Months Ended | 40 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Revenue | $0 | $0 | $0 |
Operating expenses: | ' | ' | ' |
General and administrative | 298 | 636 | 19,437 |
Professional Fees | 0 | 0 | 69,734 |
Total operating expenses | 298 | 636 | 89,171 |
Net Operating Loss | -298 | -636 | -89,171 |
Other income (expense): | ' | ' | ' |
Interest expense | -67 | -784 | -6,410 |
Loss before provision for income taxes | -365 | -1,420 | -95,581 |
Provision for income taxes | 0 | 0 | 0 |
Net income (loss) | ($365) | ($1,420) | ($95,581) |
Net income (loss) per share - basic (in Dollars per share) | $0 | $0 | ' |
Net income (loss) per share - diluted (in Dollars per share) | $0 | $0 | ' |
Weighted average shares outstanding - basic (in Shares) | 18,000,000 | 18,000,000 | ' |
Weighted average shares outstanding - diluted (in Shares) | 18,000,000 | 18,000,000 | ' |
STATEMENT_OF_STOCKHOLDERS_EQUI
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Forgiveness of Debt [Member] | Forgiveness of accounts payable and accrued expenses [Member] | Total |
Forgiveness of Debt [Member] | Forgiveness of accounts payable and accrued expenses [Member] | ||||||||
Balance at Sep. 30, 2009 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued to founder at $0.001 per share | ' | $18,000 | ' | ' | ' | ' | ' | ' | $18,000 |
Common stock issued to founder at $0.001 per share (in Shares) | ' | 18,000,000 | ' | ' | ' | ' | ' | ' | 18,000,000 |
Net loss | ' | ' | ' | ' | ' | -15,500 | ' | ' | -15,500 |
Balance at Sep. 30, 2010 | 0 | 18,000 | ' | ' | 0 | -15,500 | ' | ' | 2,500 |
Balance (in Shares) at Sep. 30, 2010 | 0 | 18,000,000 | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | -26,341 | ' | ' | -26,341 |
Balance at Sep. 30, 2011 | 0 | 18,000 | ' | ' | 0 | -41,841 | ' | ' | -23,841 |
Balance (in Shares) at Sep. 30, 2011 | 0 | 18,000,000 | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | -22,006 | ' | ' | -22,006 |
Balance at Sep. 30, 2012 | 0 | 18,000 | ' | ' | 0 | -63,847 | ' | ' | -45,847 |
Balance (in Shares) at Sep. 30, 2012 | 0 | 18,000,000 | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | -31,369 | ' | ' | -31,369 |
Forgiveness of debt | ' | ' | 59,822 | 2,700 | ' | ' | 59,822 | 2,700 | 62,522 |
Balance at Sep. 30, 2013 | 0 | 18,000 | ' | ' | 62,522 | -95,216 | ' | ' | -14,694 |
Balance (in Shares) at Sep. 30, 2013 | 0 | 18,000,000 | ' | ' | ' | ' | ' | ' | 18,000,000 |
Net loss | ' | ' | ' | ' | ' | -365 | ' | ' | -365 |
Forgiveness of debt | ' | ' | ' | ' | 10 | ' | ' | ' | 10 |
Balance at Dec. 31, 2013 | $0 | $18,000 | ' | ' | $62,532 | ($95,581) | ' | ' | ($15,049) |
Balance (in Shares) at Dec. 31, 2013 | 0 | 18,000,000 | ' | ' | ' | ' | ' | ' | 18,000,000 |
STATEMENT_OF_STOCKHOLDERS_EQUI1
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (Parentheticals) (USD $) | 12 Months Ended |
Sep. 30, 2010 | |
Common stock issued, per share | $0.00 |
Common Stock [Member] | ' |
Common stock issued, per share | $0.00 |
STATEMENTS_OF_CASH_FLOWS_Unaud
STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 3 Months Ended | 40 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' |
Net income (loss) | ($365) | ($1,420) | ($95,581) |
Change is assets and liabilities | ' | ' | ' |
Prepaid Expenses | -5,950 | 0 | -5,950 |
Accounts Payable | -11,276 | 600 | 198 |
Accrued Expenses | 0 | -200 | 2,700 |
Accrued Interest, related party | 0 | 437 | 2,287 |
Accrued Interest | 67 | 347 | 1,613 |
Net cash provided by (used in) operating activities | -17,524 | -236 | -94,733 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' |
Net cash provided by (used in) investing activities | 0 | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' |
Proceeds from bank overdrafts | -9 | 0 | 0 |
Proceeds from related party debt | 10 | ' | 64,760 |
Proceeds from debt | 17,523 | 200 | 50,870 |
Repayments of related party debt | 0 | 0 | -8,750 |
Repayments of debt | 0 | 0 | -30,147 |
Proceeds from sale of common stock | 0 | 0 | 18,000 |
Net cash provided by (used in) financing activities | 17,524 | 200 | 94,733 |
Net Increase (Decrease) in cash and cash equivalents | 0 | -36 | 0 |
Cash and cash equivalents at beginning of period | 0 | 135 | 0 |
Cash and cash equivalents at end of period | 0 | 99 | 0 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ' | ' | ' |
Interest paid | 0 | 0 | 0 |
Income taxes paid | 0 | 0 | 0 |
Forgiveness of accounts payable and accrued expenses [Member] | ' | ' | ' |
NON CASH TRANSACTIONS | ' | ' | ' |
Forgiveness of debt | 0 | 0 | 2,700 |
Forgiveness of Debt [Member] | ' | ' | ' |
NON CASH TRANSACTIONS | ' | ' | ' |
Forgiveness of debt | $10 | $0 | $59,832 |
Note_1_Nature_of_Business_and_
Note 1 - Nature of Business and Significant Accounting Policies | 3 Months Ended | |
Dec. 31, 2013 | ||
Disclosure Text Block [Abstract] | ' | |
Basis of Presentation and Significant Accounting Policies [Text Block] | ' | |
Note 1 – Nature of Business and Significant Accounting Policies | ||
Nature of Business | ||
Trail One, Inc. (“The Company”) was formed in the state of Nevada on September 9, 2010 to manufacture TOCNC Tags, which are personalized/customized license plates for customers who want one of a kind luxury car jewelry to uniquely define them and to offer a sense of identification privacy at public events such as car shows, photo shoots, auto clubs, and other public venues. TOCNC Tags are cosmetic and do not take the place of proper state license plates as required to operate motor vehicles on public roads. | ||
TOCNC tags will come with their own serial numbers (for insurance and authenticity purposes), secured in an airtight, crash resistant, pressure clamping case, and will be available with numerous options, including, but not limited to, a wide variety of inscribable names, with personalized designs in front, with numerous border designs and available in various thicknesses and shapes, and will be available in USDM (American); dimensions, and with various angle cuts, face designs, fonts, font sizes, images and just about any other customized design imaginable to suit the connoisseur and set the customer’s vehicle apart from everyone else’s vehicles. | ||
Change of Control | ||
On May 24, 2013 (the “Closing Date”), the Company’s largest shareholder Mr. Ralph Montrone entered into a Security Purchase Agreement (the “SPA”) with Mr. Mohammad Omar Rahman. Pursuant to the SPA, Mr. Montrone sold his 10,000,000 issued and outstanding shares of common stock, representing approximately 55.6% of the issued and outstanding shares of the Company, to Mr. Rahman. As of the Closing Date, Mr. Rahman was appointed the new CEO and elected by shareholders to serve as a Director of the Company. | ||
The Company is currently considering expanding its business by acquiring the business or equity of another entity without the Company paying any material amount of cash consideration (a “Reverse Merger Transaction”). Any Reverse Merger Transaction may be structured as an acquisition of assets or equity by the Company issuing stock, exchanging stock and other equity interests, merging with another entity or entities or entering into any transaction with similar effect. In connection with any Reverse Merger Transaction, the Company will likely assume the obligations of the acquired business, which may include debt or other financing, and may incur other debt or other financing. The amount of stock that the Company may issue in any Reverse Merger Transaction will likely result in a change in control of the Company. The Company is currently negotiating, on a non-binding basis, the terms and conditions of a Reverse Merger Transaction with a business entity. If the Reverse Merger Transaction is consummated, the Company would continue as a smaller reporting company. No assurance may be given, however, that such negotiations will conclude with terms and conditions that would be acceptable to us or that any such Reverse Merger Transaction would be consummated. | ||
These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for fair presentation of the information contained therein. The Company follows the same accounting policies in the preparation of interim reports. | ||
The Company has adopted a fiscal year end of September 30th. | ||
The comparative financial statements herein include the fiscal year ended September 30, 2013, and the period from September 9, 2010 (inception) through December 31, 2013, and the unaudited three months ended December 31, 2013. | ||
Unaudited Interim Financial Information | ||
The accompanying balance sheet as of December 31, 2013, statement of operations for the three months ended December 31, 2013, statement of stockholders’ equity (deficit) for the three months ended December 31, 2013 and statements of cash flows for the three months ended December 31, 2013, are unaudited. These unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of the Company’s management, the unaudited interim financial statements have been prepared on the same basis as the audited financial statements and include all adjustments necessary for the fair presentation of the Company’s statement of financial position at December 31, 2013, its results of operations for the three months ended December 31, 2013 and its cash flows for the three months ended December 31, 2013. The results for the three months ended December 31, 2013 are not necessarily indicative of the results to be expected for the fiscal year ending September 30, 2014. | ||
Development Stage Enterprise | ||
The Company is currently considered a development stage enterprise. As a development stage enterprise, the Company discloses the deficit accumulated during the development stage and the cumulative statements of operations and cash flows from inception to the current balance sheet date. An entity remains in the development stage until such time as, among other factors, revenues have been realized. To date, the development stage of the Company’s operations consists of developing the business model and marketing concepts. | ||
Use of Estimates | ||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | ||
Advertising and Promotion | ||
All costs associated with advertising and promoting products are expensed as incurred. | ||
Income Taxes | ||
The Company recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. The Company provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not. | ||
Segment Reporting | ||
Under FASB ASC 280-10-50, the Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations. | ||
Fair Value of Financial Instruments | ||
Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash and accrued interest reported on the balance sheet are estimated by management to approximate fair value primarily due to the short term nature of the instruments. The Company had no other items that required fair value measurement on a recurring basis. | ||
Revenue Recognition | ||
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. | ||
Basic and Diluted Loss Per Share | ||
The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the periods presented, there were no outstanding potential common stock equivalents and therefore basic and diluted earnings per share result in the same figure. | ||
Stock-Based Compensation | ||
The Company adopted FASB guidance on stock based compensation upon inception on September 9, 2010. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative. The Company did not issue any share-based payments for services or compensation to employees, or otherwise for the periods presented. | ||
Uncertain tax positions | ||
Effective upon inception at September 9, 2010, the Company adopted new standards for accounting for uncertainty in income taxes. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. | ||
Various taxing authorities periodically audit the Company’s income tax returns. These audits include questions regarding the Company’s tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter, for which an allowance has been established, is audited and fully resolved. The Company has not yet undergone an examination by any taxing authorities. | ||
The assessment of the Company’s tax position relies on the judgment of management to estimate the exposures associated with the Company’s various filing positions. | ||
Recent Accounting Pronouncements | ||
In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP. The new amendments will require an organization to: | ||
- | Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income - but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period; and | |
- | Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense. | |
The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 is not expected to have a material impact on our financial position or results of operations. | ||
In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11. The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, the Board determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected to have a material impact on our financial position or results of operations. | ||
In October 2012, the FASB issued Accounting Standards Update ASU 2012-04, “Technical Corrections and Improvements” in Accounting Standards Update No. 2012-04. The amendments in this update cover a wide range of Topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. The amendments in this update will be effective for fiscal periods beginning after December 15, 2012. The adoption of ASU 2012-04 is not expected to have a material impact on our financial position or results of operations. | ||
Note_2_Going_Concern
Note 2 - Going Concern | 3 Months Ended |
Dec. 31, 2013 | |
Going Concern [Abstract] | ' |
Going Concern [Text Block] | ' |
Note 2 – Going Concern | |
Our financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company is in the development stage, has incurred continuous losses from operations, an accumulated deficit of $95,581 and $95,216 at December 31, 2013 and September 30, 2013, respectively, has no revenues, and working capital (deficit) of ($15,049) and ($14,694) at December 31, 2013 and September 30, 2013, respectively, and cash on hand of $0 as of December 31, 2013. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is currently seeking additional sources of capital to fund short term operations. The Company, however, is dependent upon its ability to secure equity and/or debt financing and there are no assurances that the Company will be successful, therefore, without sufficient financing it would be unlikely for the Company to continue as a going concern. | |
The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. The financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern. | |
Note_3_Related_Party_Transacti
Note 3 - Related Party Transactions | 3 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
Note 3 – Related Party Transactions | |
From time to time the Company’s founder and former CEO, Ralph Montrone advanced loans to the Company for operations at an 8% interest rate, due on demand. The principal balances due were $0 and $0 at December 31, 2013 and September 30, 2013, respectively. | |
During the three month ended December 31, 2013, Mr Montrone advanced the Company $10. On October 13, 2013 Mr. Montrone forgave and released the Company of this debt. Amount forgiven was recorded as additional paid in capital. | |
During the year ended September 30, 2013 Mr. Montrone paid BK Consulting $33,907 on behalf of the Company. This amount consisted of $30,147 for the repayment of notes payable, $2,510 for accrued interest and $1,250 for accrued legal fees. Mr. Montrone also paid certain payables in the amount of $400 on behalf of the Company. On August 19, 2013, Ralph Montrone released the Company of notes payable in the amount of $21,693, accrued interest in the amount of $3,822, advances in the amount $2,700 and payments made on behalf of the Company in the amount of $34,307. Amount forgiven was recorded as additional paid in capital. | |
Note_4_Notes_Payable
Note 4 - Notes Payable | 3 Months Ended |
Dec. 31, 2013 | |
Debt Disclosure [Abstract] | ' |
Debt Disclosure [Text Block] | ' |
Note 4 – Notes Payable | |
Ralph Montrone Notes | |
From time to time the Company’s founder and former CEO, Ralph Montrone advanced loans to the Company for operations at an 8% interest rate, due on demand. The principal balances due were $0 and $0 at December 31, 2013 and September 30, 2013, respectively. | |
During the year ended September 30, 2013 Mr. Montrone paid BK Consulting $33,907 on behalf of the Company. This amount consisted of $30,147 for the repayment of notes payable, $2,510 for accrued interest and $1,250 for accrued legal fees. Mr. Montrone also paid certain payables in the amount of $400 on behalf of the Company. On August 19, 2013, Ralph Montrone released the Company of notes payable in the amount of $21,693, accrued interest in the amount of $3,822, advances in the amount $2,700 and payments made on behalf of the Company in the amount of $34,307. See note above. | |
The Company recorded interest expense in the amount of $0 and $1,583 related to these notes payable for the three months ended December 31, 2013 and 2012, respectively. | |
BK Consulting Notes | |
From time to time the Company has received loans from a third party for operations at an 8% interest rate, due on demand. During the three months ended December 31, 2013 and 2012, the Company received proceeds of $0 and $200 from BK Consulting, to fund operations. The principal balances due were $0 and $0 at December 31, 2013 and September 30, 2013, respectively. The Company recorded interest expense in the amount of $0 and $347 related to these notes payable for the three months ended December 31, 2013 and 2012, respectively. | |
During the year ended September 30, 2013 Mr. Montrone paid BK Consulting $33,907 on behalf of the Company. This amount consisted of $30,147 for the repayment of notes payable, $2,510 for accrued interest and $1,250 for accrued legal fees. Mr. Montrone forgave and released the Company from any further obligation related to these notes. The Amount forgiven was recorded as additional paid in capital. See note above. | |
On October 25, 2012, the Company received an unsecured loan of $200, due on demand, bearing interest at 8%, from BK Consulting, to fund operations. | |
Highline Research Advisors LLC Notes | |
During the three months ended December 31, 2013 the Company received loans in the amount of $17,523 from Highline Research Advisors LLC, a third party, for operations at a 5% interest rate, due on demand. The principal balances due were $20,723 and $3,200 as of December 31, 2013 and September 30, 2013, respectively. In addition, accrued interest of $78 and $11 existed at December 31, 2013 and September 30, 2013, respectively. | |
The Company recorded interest expense in the amount of $67 and $0 related to these notes payable for the three months ended December 31, 2013 and 2012, respectively. | |
Note_5_Stockholders_Equity
Note 5 - Stockholder's Equity | 3 Months Ended |
Dec. 31, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
Note 5 – Stockholder’s Equity | |
Shares Authorized | |
On September 9, 2010, the founder of the Company established 90,000,000 authorized shares of $0.001 par value common stock. Additionally, the Company founder established 10,000,000 authorized shares of $0.001 par value preferred stock. | |
Shares Issued | |
On September 13, 2010, the Company issued 18,000,000 founder’s shares of common stock at the par value of $0.001 to the Company’s CEO, Ralph Montrone in exchange for proceeds of $18,000. | |
Change of Control | |
On May 24, 2013 (the “Closing Date”), the Company’s largest shareholder Mr. Ralph Montrone entered into a Security Purchase Agreement (the “SPA”) with Mr. Mohammad Omar Rahman. Pursuant to the SPA, Mr. Montrone sold his 10,000,000 issued and outstanding shares of common stock, representing approximately 55.6% of the issued and outstanding shares of the Company, to Mr. Rahman. As of the Closing Date, Mr. Rahman was appointed the new CEO and elected by shareholders to serve as a Director of the Company. | |
On August 19, 2013, Ralph Montrone released the Company of notes payable and advances due to him in the amount of $62,522. Amount forgiven was recorded as additional paid in capital. | |
On October 13, 2013, Ralph Montrone released the Company of advances due to him in the amount of $10. Amount forgiven was recorded as additional paid in capital. | |
Note_6_Subsequent_Events
Note 6 - Subsequent Events | 3 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Note 6 – Subsequent Events | |
The Company is not aware of any subsequent events to disclose through the date of this filing. | |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 3 Months Ended | |
Dec. 31, 2013 | ||
Accounting Policies [Abstract] | ' | |
Development Stage Enterprise General Disclosures [Text Block] | ' | |
Development Stage Enterprise | ||
The Company is currently considered a development stage enterprise. As a development stage enterprise, the Company discloses the deficit accumulated during the development stage and the cumulative statements of operations and cash flows from inception to the current balance sheet date. An entity remains in the development stage until such time as, among other factors, revenues have been realized. To date, the development stage of the Company’s operations consists of developing the business model and marketing concepts. | ||
Use of Estimates, Policy [Policy Text Block] | ' | |
Use of Estimates | ||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | ||
Advertising Costs, Policy [Policy Text Block] | ' | |
Advertising and Promotion | ||
All costs associated with advertising and promoting products are expensed as incurred. | ||
Income Tax, Policy [Policy Text Block] | ' | |
Income Taxes | ||
The Company recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. The Company provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not. | ||
Segment Reporting, Policy [Policy Text Block] | ' | |
Segment Reporting | ||
Under FASB ASC 280-10-50, the Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations. | ||
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | |
Fair Value of Financial Instruments | ||
Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash and accrued interest reported on the balance sheet are estimated by management to approximate fair value primarily due to the short term nature of the instruments. The Company had no other items that required fair value measurement on a recurring basis. | ||
Revenue Recognition, Policy [Policy Text Block] | ' | |
Revenue Recognition | ||
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. | ||
Earnings Per Share, Policy [Policy Text Block] | ' | |
Basic and Diluted Loss Per Share | ||
The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the periods presented, there were no outstanding potential common stock equivalents and therefore basic and diluted earnings per share result in the same figure. | ||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | |
Stock-Based Compensation | ||
The Company adopted FASB guidance on stock based compensation upon inception on September 9, 2010. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative. The Company did not issue any share-based payments for services or compensation to employees, or otherwise for the periods presented. | ||
Income Tax Uncertainties, Policy [Policy Text Block] | ' | |
Uncertain tax positions | ||
Effective upon inception at September 9, 2010, the Company adopted new standards for accounting for uncertainty in income taxes. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. | ||
Various taxing authorities periodically audit the Company’s income tax returns. These audits include questions regarding the Company’s tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter, for which an allowance has been established, is audited and fully resolved. The Company has not yet undergone an examination by any taxing authorities. | ||
The assessment of the Company’s tax position relies on the judgment of management to estimate the exposures associated with the Company’s various filing positions. | ||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | |
Recent Accounting Pronouncements | ||
In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP. The new amendments will require an organization to: | ||
- | Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income - but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period; and | |
- | Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense. | |
The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 is not expected to have a material impact on our financial position or results of operations. | ||
In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11. The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, the Board determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected to have a material impact on our financial position or results of operations. | ||
In October 2012, the FASB issued Accounting Standards Update ASU 2012-04, “Technical Corrections and Improvements” in Accounting Standards Update No. 2012-04. The amendments in this update cover a wide range of Topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. The amendments in this update will be effective for fiscal periods beginning after December 15, 2012. The adoption of ASU 2012-04 is not expected to have a material impact on our financial position or results of operations. |
Note_1_Nature_of_Business_and_1
Note 1 - Nature of Business and Significant Accounting Policies (Details) | 12 Months Ended |
Sep. 30, 2013 | |
Disclosure Text Block [Abstract] | ' |
Number of Issued and Outstanding Shares Sold by Controlling Shareholder (in Shares) | 10,000,000 |
Percentage of Outstanding Shares Sold by Controlling Shareholder | 55.60% |
Note_2_Going_Concern_Details
Note 2 - Going Concern (Details) (USD $) | 3 Months Ended | 40 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 08, 2010 | |
Going Concern [Abstract] | ' | ' | ' | ' | ' | ' |
Development Stage Enterprise, Deficit Accumulated During Development Stage | $95,581 | ' | $95,581 | $95,216 | ' | ' |
Revenues | 0 | 0 | 0 | ' | ' | ' |
Working Capital (Deficit) | -15,049 | ' | -15,049 | -14,694 | ' | ' |
Cash and Cash Equivalents, at Carrying Value | $0 | $99 | $0 | $0 | $135 | $0 |
Note_3_Related_Party_Transacti1
Note 3 - Related Party Transactions (Details) (USD $) | 3 Months Ended | 40 Months Ended | 12 Months Ended | 3 Months Ended | ||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | |
Payments made on behalf of the company [Member] | Payments made on behalf of the company [Member] | Payments made on behalf of the company [Member] | Payments made on behalf of the company [Member] | Payments made on behalf of the company [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | ||||
Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Principal [Member] | Accrued Interest [Member] | Advances [Member] | Payments made on behalf of the company [Member] | ||||||
BK Consulting [Member] | BK Consulting [Member] | BK Consulting [Member] | BK Consulting [Member] | Certain Accounts Payable [Member] | ||||||||||
Principal [Member] | Accrued Interest [Member] | Accrued Legal Fees [Member] | ||||||||||||
Note 3 - Related Party Transactions (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | ' |
Notes Payable, Related Parties, Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0 |
Proceeds from Related Party Debt | 10 | ' | 64,760 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10 | ' |
Repayments of Debt | 0 | 0 | 30,147 | 30,147 | 2,510 | 1,250 | 33,907 | 400 | ' | ' | ' | ' | ' | ' |
Debt Instrument, Decrease, Forgiveness | ' | ' | ' | ' | ' | ' | ' | ' | $21,693 | $3,822 | $2,700 | $34,307 | ' | ' |
Note_4_Notes_Payable_Details
Note 4 - Notes Payable (Details) (USD $) | 3 Months Ended | 40 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | |
Payments made on behalf of the company [Member] | Payments made on behalf of the company [Member] | Payments made on behalf of the company [Member] | Payments made on behalf of the company [Member] | Payments made on behalf of the company [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | BK Consulting [Member] | BK Consulting [Member] | BK Consulting [Member] | Highline Research Advisors LLC [Member] | Highline Research Advisors LLC [Member] | |||||
Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Principal [Member] | Accrued Interest [Member] | Advances [Member] | Payments made on behalf of the company [Member] | October 25, 2012 Note [Member] | |||||||||||
BK Consulting [Member] | BK Consulting [Member] | BK Consulting [Member] | BK Consulting [Member] | Certain Accounts Payable [Member] | ||||||||||||||||
Principal [Member] | Accrued Interest [Member] | Accrued Legal Fees [Member] | ||||||||||||||||||
Note 4 - Notes Payable (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | ' | 8.00% | ' | ' | 5.00% | ' |
Notes Payable, Related Parties, Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0 | ' | ' | ' | ' | ' |
Repayments of Debt | 0 | 0 | 30,147 | ' | 30,147 | 2,510 | 1,250 | 33,907 | 400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Decrease, Forgiveness | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21,693 | 3,822 | 2,700 | 34,307 | ' | ' | ' | ' | ' | ' | ' |
Interest Expense, Debt | 67 | 784 | 6,410 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 1,583 | ' | 0 | 347 | 67 | 0 |
Proceeds from Notes Payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 200 | ' | ' |
Notes Payable, Current | 20,723 | ' | 20,723 | 3,200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 20,723 | 3,200 |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200 | ' | ' | 17,523 | ' |
Interest Payable, Current | $78 | ' | $78 | $11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $78 | $11 |
Note_5_Stockholders_Equity_Det
Note 5 - Stockholder's Equity (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2010 | |
Stockholders' Equity Note [Abstract] | ' | ' | ' |
Common Stock, Shares Authorized | 90,000,000 | 90,000,000 | ' |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | $0.00 | ' |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 | ' |
Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | $0.00 | ' |
Stock Issued During Period, Shares, New Issues | ' | ' | 18,000,000 |
Development Stage Entities, Equity Issuance, Per Share Amount (in Dollars per share) | ' | ' | $0.00 |
Stock Issued During Period, Value, New Issues (in Dollars) | ' | ' | $18,000 |
Number of Issued and Outstanding Shares Sold by Controlling Shareholder | ' | 10,000,000 | ' |
Percentage of Outstanding Shares Sold by Controlling Shareholder | ' | 55.60% | ' |
Adjustments to Additional Paid in Capital, Other (in Dollars) | $10 | $62,522 | ' |