Bionik Laboratories (BNKL) 10-K 15 Apr 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Apr. 14, 2014	Jun. 30, 2013
Document and Entity Information:	'	'	'
Entity Registrant Name	'Drywave Technologies, Inc.	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Entity Central Index Key	'0001508381	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Common Stock, Shares Outstanding	'	116,218,383	'
Entity Public Float	'	'	$16,746
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'Yes	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

Drywave_Technologies_Inc_A_Dev

Drywave Technologies, Inc. (A Development Stage Company) - Consolidated Balance Sheets - As of December 31, 2013 and 2012 (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current assets	'	'
Cash	$4,422	$4,949
Total current assets	4,422	4,949
Total Assets	4,422	4,949
Current liabilities:	'	'
Accrued payables	150	1,650
Due to related party	14,082	0
Total current liabilities	14,232	1,650
Stockholders' equity:	'	'
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.001 par value, 200,000,000 shares authorized; 116,218,383 shares issued and outstanding, September 30, 2013 and December 31, 2012	116,218	116,218
Additional paid-in capital	-91,005	-91,005
Deficit accumulated during the development stage	-35,023	-21,914
Total stockholders' equity	-9,810	3,299
Total Liabilities and Stockholders' Equity	$4,422	$4,949

Drywave_Technologies_Inc_A_Dev1

Drywave Technologies, Inc. (A Development Stage Company) - Consolidated Statements of Operations - For the Year Ended December 31, 2013 and 2012 (USD $)	12 Months Ended		48 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Income Statement	'	'	'
Revenue - related party	$5,200	$7,500	$26,404
Operating expenses	'	'	'
General and administrative	18,309	16,506	61,064
Total operating expenses	18,309	16,506	61,064
Loss from operations	-13,109	-9,006	-34,660
Other income (expense)	'	'	'
Miscellaneous income	0	0	200
Interest expense	0	-381	-563
Total other income (expense)	0	-381	-363
Net loss	($13,109)	($9,387)	($35,023)
Net loss per common share - basic and diluted	$0	$0	'
Weighted average number of common shares outstanding - basic and diluted	116,218,383	113,488,383	'

Drywave_Technologies_Inc_A_Dev2

Drywave Technologies, Inc. (A Development Stage Company) - Consolidated Statement of Changes in Stockholders' Equity (Deficiit) - From January 8, 2010 (Inception) to December 31, 2013 (USD $)	Total	Common Stock, $0.001 Par Value Shares	Common Stock, $0.001 Par Value Amount	Additional Paid-in Capital	Deficit Accumulated During the Development Stage	Total Stockholders' Equity (Deficit)
Balance at start of period at Jan. 07, 2010	'	0	0	0	0	0
Note payable conversion	'	'	'	'	'	'
Compensatory stock issuances	'	18,200,000	18,200	-17,400	0	800
Debt relief	'	'	'	'	'	'
Sales of common stock	'	93,275,000	93,275	-84,275	0	9,000
Net loss for the period	'	0	0	0	-7,866	-7,866
Balances at end of period at Dec. 31, 2010	'	111,475,000	111,475	-101,675	-7,866	1,934
Sales of common stock	'	2,013,383	2,013	6,837	0	8,850
Net loss for the period	'	0	0	0	-4,661	-4,661
Balances at end of period at Dec. 31, 2011	'	113,488,383	113,488	-94,838	-12,527	6,123
Note payable conversion	'	2,730,000	2,730	3,270	0	6,000
Compensatory stock issuances	0	'	'	'	'	'
Debt relief	'	0	0	563	0	563
Sales of common stock	0	'	'	'	'	'
Net loss for the period	'	0	0	0	-9,387	-9,387
Balances at end of period at Dec. 31, 2012	'	116,218,383	116,218	-91,005	-21,914	3,299
Compensatory stock issuances	0	'	'	'	'	'
Sales of common stock	0	'	'	'	'	'
Net loss for the period	'	$0	$0	$0	($13,109)	($13,109)
Balances at end of period at Dec. 31, 2013	'	116,218,383	116,218	-91,005	-35,023	-9,810

Drywave_Technologies_Inc_A_Dev3

Drywave Technologies, Inc. (A Development Stage Company) - Consolidated Statements of Cash Flows - For the Year Ended December 31, 2013 and 2012 (USD $)	12 Months Ended		48 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net loss	($13,109)	($9,387)	($35,023)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Write offs	0	563	642
Compensatory stock issuances	0	0	800
Changes in operating assets and liabilities:	'	'	'
Accounts receivable	0	0	-79
Accrued payables	-1,500	1,318	150
Net Cash Used In Operating Activities	-14,609	-7,506	-33,510
Net Cash Provided By Investing Activities	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Note payable - borrowing	0	0	6,000
Due to related party	14,082	0	14,082
Sales of common stock	0	0	17,850
Net Cash Provided By Financing Activities	14,082	0	37,932
Net increase in cash	-527	-7,506	4,422
Cash - Beginning of Period	4,949	12,455	0
Cash - End of Period	4,422	4,949	4,422
Cash Paid During the Period for:	'	'	'
Taxes	0	0	0
Interest	0	0	0
Non-Cash Transactions:	'	'	'
Conversion of related party note to shares of stock	0	6,000	6,000
Forgiveness of accrued interest	$0	$563	$563

Note_1_Nature_of_Operations

Note 1 Nature of Operations	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 1 Nature of Operations	'
	Note 1 Nature of Operations
	Drywave Technologies, Inc., formerly known as Strategic Dental Management Corp. (the “Company”) was incorporated on January 8, 2010 (Inception) in the State of Colorado.  On July 16, 2013, the Company changed its name from Strategic Dental Management Corp. to Drywave Technologies, Inc. and changed its state of incorporation from Colorado to Delaware.  The Company has had limited activity and revenue and is in the development stage. The Company provides consulting and management services to the dental industry.
	On March 6, 2013, the Company came under new ownership and currently has minimal activity. The Company intends to seek new business opportunities including the acquisition of, or merger with, an existing business.  See Form 8-K filed on March 12, 2013 for additional information pertaining to the change in control.
	The Company has chosen December 31 as a year end.

Note_2_Summary_of_Significant_

Note 2 Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 2 Summary of Significant Accounting Policies	'
	Note 2 Summary of Significant Accounting Policies
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of Drywave Technologies, Inc. and its sole wholly owned subsidiary.  All intercompany accounts and transactions have been eliminated in consolidation.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts in the financial statements and the accompanying notes. Such estimates and assumptions impact, among others, the following: assessment of the recoverability of long-lived assets and the valuation allowance for deferred tax assets due to continuing and expected future losses.
	Cash and cash equivalents
	All cash and short-term investments with original maturities of three months or less are considered cash and cash equivalents, since they are readily convertible to cash. These short-term investments are stated at cost, which approximates fair value.
	Property and equipment
	The Company has no property or equipment at this time.
	Due to Related Party
	Due to related party represents an obligation to pay for goods or services that were used in the ordinary course of business and paid for by a related party on the Company’s behalf.  Due to related party is classified as a current liability as payment is due within one year or less.
	Revenue Recognition
	The Company recognizes revenue when it is realized or realizable and earned.  We consider revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collection is reasonably assured.
	Advertising expenses
	Advertising costs are expensed when incurred.  No advertising was conducted during the years ended December 31, 2013 and 2012.
	Income taxes
	Income taxes are accounted for in accordance with ASC 740, using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.  The Company is currently filing its income tax returns on the cash basis.  The change in controlling stockholders did not result in a tax event.  The Company has not recognized an adjustment for uncertain income tax positions as there are no positions that the Company feels are more-likely-than-not to be sustained.  The Company recognizes interest and penalties, if any, as a component of income tax expense.  No interest or penalties have been recorded as of December 31, 2013 and 2012.  The Company is still subject to income tax examinations for all federal and Colorado taxes since inception.
	Earnings (loss) per share
	The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company's preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share.
	On July 16, 2013, the Company executed a 22.75 for 1 stock split.  As a result of the split, each outstanding share of the Company before the split represents 22.75 shares of common stock after the split.   All share and per share amounts have been retroactively restated to reflect the split.
	Financial Instruments
	The carrying value of the Company’s financial instruments, as reported in the accompanying balance sheet, approximates fair value due to their short term maturity.
	Stock based compensation
	The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.
	Reclassification
	Certain amounts reported in prior years in the financial statements have been reclassified to conform to the current year’s presentation.
	Recent Accounting Pronouncements
	There are no recent accounting pronouncements that are expected to have an effect on the Company’s financial statements.

Note_3_Going_Concern

Note 3 Going Concern	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 3 Going Concern	'
	Note 3 Going Concern
	As reflected in the accompanying financial statements, the Company has a net loss of $13,109 and net cash used in operations of $14,609 for the year ended December 31, 2013, and a deficit accumulated during the development stage of $35,023 at December 31, 2013.  In addition, the Company is in the development stage and has not yet generated significant revenues. These factors raise substantial doubt about the Company’s ability to continue as a going concern.
	The Company expects that its current cash resources as well as expected lack of operating cash flows will not be sufficient to sustain operations for a period greater than one year.  The ability of the Company to continue its operations is dependent on Management's plans, which include continuing to raise equity based financing.
	The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

Note_4_Note_Payable

Note 4 Note Payable	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 4 Note Payable	'
	Note 4 Note Payable
	The Company had a note payable for $6,000 to a company related by common control, unsecured, which bore no interest until June 28, 2011 and 6% compounded monthly thereafter, with principal and interest due in full at June 28, 2012. The note was converted into 2,730,000 shares of common stock by the Holder in December 2012 at $0.002 per share, who also contributed interest due of $563 to the capital of the Company. Interest expense on the note was $381 for the year ended December 31, 2012.

Note_5_Related_Party_Transacti

Note 5 Related Party Transactions	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 5 Related Party Transactions	'
	Note 5 Related Party Transactions
	All Company revenues for the year ended December 31, 2013 and 2012 of $5,200 and $7,500 respectively, are from an LLC related by common control of a Company director.  The revenue was earned from providing payroll accounting and human resource consulting.
	In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or complete a business acquisition or merger.  There is no formal written commitment for continued support by related party affiliates.  Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.  As of December 31, 2013, the Company had a due from related party balance outstanding with an affiliate of the Company in the amount of $14,082. The due from related party balance is non-interest bearing, due upon demand and unsecured.

Note_6_Shareholders_Equity

Note 6 Shareholders' Equity	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 6 Shareholders' Equity	'
	Note 6 Shareholders’ Equity (Deficit)
	Preferred Stock - The Company as of December 31, 2013 and 2012 had 10,000,000 shares of authorized preferred stock, $0.001 par value, with none issued and outstanding, with rights, preferences and designations to be determined by the Board of Directors.
	Common Stock - The Company as of December 31, 2013 and 2012 had 200,000,000 shares of authorized common stock, $0.001 par value, with 116,218,383 shares issued and outstanding.

Note_7_Income_Taxes

Note 7 Income Taxes	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 7 Income Taxes	'
	Note 7 Income Taxes
	Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses.  These loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur.  At December 31, 2013 and 2012 the Company had net operating loss carryforwards of approximately $35,000 and $22,000 which will begin to expire in 2030.  The deferred tax asset of approximately $7,000 and $4,400 as of December 31, 2013 and 2012, respectively, created by the net operating losses has been offset by a 100% valuation allowance.  The change in the valuation allowance for the years ended December 31, 2013 and 2012 was $2,600 and $1,900, respectively.

Note_8_Commitments_and_Conting

Note 8 Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 8 Commitments and Contingencies	'
	Note 8 Commitments and Contingencies
	Legal Matters - From time to time, the Company may be involved in litigation relating to claims arising out of operations in the normal course of business. As of December 31, 2013, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of our operations. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholders, is an adverse party or has a material interest adverse to our interest.

Note_9_Subsequent_Events

Note 9 Subsequent Events	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 9 Subsequent Events	'
	Note 9 Subsequent Events
	In accordance with ASC855-10. “Subsequent Events” the Company has analyzed its operations subsequent to December 31, 2013 to the date of these financial statements were issued on April 14, 2014 and has determined that it does not have any material subsequent events to disclose in these financial statements.

Note_2_Summary_of_Significant_1

Note 2 Summary of Significant Accounting Policies: Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.

Note_2_Summary_of_Significant_2

Note 2 Summary of Significant Accounting Policies: Principles of Consolidation (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Principles of Consolidation	'
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of Drywave Technologies, Inc. and its sole wholly owned subsidiary.  All intercompany accounts and transactions have been eliminated in consolidation.

Note_2_Summary_of_Significant_3

Note 2 Summary of Significant Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts in the financial statements and the accompanying notes. Such estimates and assumptions impact, among others, the following: assessment of the recoverability of long-lived assets and the valuation allowance for deferred tax assets due to continuing and expected future losses.

Note_2_Summary_of_Significant_4

Note 2 Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Cash and Cash Equivalents	'
	Cash and cash equivalents
	All cash and short-term investments with original maturities of three months or less are considered cash and cash equivalents, since they are readily convertible to cash. These short-term investments are stated at cost, which approximates fair value.

Note_2_Summary_of_Significant_5

Note 2 Summary of Significant Accounting Policies: Property and Equipment (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Property and Equipment	'
	Property and equipment
	The Company has no property or equipment at this time.

Note_2_Summary_of_Significant_6

Note 2 Summary of Significant Accounting Policies: Due to Related Party (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Due to Related Party	'
	Due to Related Party
	Due to related party represents an obligation to pay for goods or services that were used in the ordinary course of business and paid for by a related party on the Company’s behalf.  Due to related party is classified as a current liability as payment is due within one year or less.

Note_2_Summary_of_Significant_7

Note 2 Summary of Significant Accounting Policies: Revenue Recognition (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Revenue Recognition	'
	Revenue Recognition
	The Company recognizes revenue when it is realized or realizable and earned.  We consider revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collection is reasonably assured.

Note_2_Summary_of_Significant_8

Note 2 Summary of Significant Accounting Policies: Advertising Expenses (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Advertising Expenses	'
	Advertising expenses
	Advertising costs are expensed when incurred.  No advertising was conducted during the years ended December 31, 2013 and 2012.

Note_2_Summary_of_Significant_9

Note 2 Summary of Significant Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Income Taxes	'
	Income taxes
	Income taxes are accounted for in accordance with ASC 740, using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.  The Company is currently filing its income tax returns on the cash basis.  The change in controlling stockholders did not result in a tax event.  The Company has not recognized an adjustment for uncertain income tax positions as there are no positions that the Company feels are more-likely-than-not to be sustained.  The Company recognizes interest and penalties, if any, as a component of income tax expense.  No interest or penalties have been recorded as of December 31, 2013 and 2012.  The Company is still subject to income tax examinations for all federal and Colorado taxes since inception.

Recovered_Sheet1

Note 2 Summary of Significant Accounting Policies: Earnings (loss) Per Share (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Earnings (loss) Per Share	'
	Earnings (loss) per share
	The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company's preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share.
	On July 16, 2013, the Company executed a 22.75 for 1 stock split.  As a result of the split, each outstanding share of the Company before the split represents 22.75 shares of common stock after the split.   All share and per share amounts have been retroactively restated to reflect the split.

Recovered_Sheet2

Note 2 Summary of Significant Accounting Policies: Financial Instruments (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Financial Instruments	'
	Financial Instruments
	The carrying value of the Company’s financial instruments, as reported in the accompanying balance sheet, approximates fair value due to their short term maturity.

Recovered_Sheet3

Note 2 Summary of Significant Accounting Policies: Stock Based Compensation (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Stock Based Compensation	'
	Stock based compensation
	The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.

Recovered_Sheet4

Note 2 Summary of Significant Accounting Policies: Reclassification (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Reclassification	'
	Reclassification
	Certain amounts reported in prior years in the financial statements have been reclassified to conform to the current year’s presentation.

Recovered_Sheet5

Note 2 Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	There are no recent accounting pronouncements that are expected to have an effect on the Company’s financial statements.

Note_3_Going_Concern_Details

Note 3 Going Concern (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Details	'
Net loss	$13,109
Net Cash Provided by (Used in) Continuing Operations	14,609
Deficit accumulated during the development stage	$35,023

Note_4_Note_Payable_Details

Note 4 Note Payable (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 01, 2012
Details	'	'
Convertible Notes Payable	'	$6,000
Note payable converted into stock	'	2,730,000
Converted note value per share	'	$0.00
Interest due contributed	'	563
Interest expense	$381	'

Note_5_Related_Party_Transacti1

Note 5 Related Party Transactions (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Consulting revenues	$5,200	$7,500
Due to Related Parties, Current	'	$14,082

Note_6_Shareholders_Equity_Det

Note 6 Shareholders' Equity (Details) (USD $)	Dec. 31, 2013
Details	'
Preferred Stock, Shares Authorized	10,000,000
Preferred Stock, Par or Stated Value Per Share	$0.00
Common Stock, Shares Authorized	200,000,000
Common Stock, Par or Stated Value Per Share	$0.00
Common shares issued and outstanding	116,218,383

Note_7_Income_Taxes_Details

Note 7 Income Taxes (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Operating Loss Carryforwards	$35,000	$22,000
Deferred Tax Assets, Net of Valuation Allowance	7,000	4,400
Valuation Allowance, Deferred Tax Asset, Change in Amount	$2,600	$1,900