Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Mar. 31, 2017 | Nov. 08, 2017 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | Inspired Builders, Inc. | |
Entity Central Index Key | 1,509,786 | |
Trading Symbol | ISRB | |
Amendment Flag | false | |
Current Fiscal Year End Date | --09-30 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2,017 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 11,125,525 |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Mar. 31, 2017 | Sep. 30, 2016 |
ASSETS | ||
Real estate | $ 307,504 | $ 307,504 |
Total assets | 307,504 | 307,504 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 190,081 | 355,561 |
Accrued salary | 270,000 | |
Due to related party | 2,453 | |
Mortgage payable | 750,000 | 750,000 |
Notes payable - related party | 2,500 | 577,453 |
Total current liabilities | 942,581 | 1,955,467 |
Long Term Liabilities | ||
Convertible note payable - related party | 10,000 | |
Total Long Term Liabilities | 10,000 | |
Total Liabilities | 942,581 | 1,965,467 |
Commitments and Contingencies (See Note 8) | ||
Stockholders' deficit: | ||
Preferred Stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding | ||
Common stock, $0.001 par value, 50,000,000 shares authorized, 11,125,000 and 11,125,000 shares issued and outstanding, respectively | 11,125 | 11,125 |
Additional paid in capital | 648,720 | (429,418) |
Accumulated deficit | (1,294,922) | (1,239,670) |
Total Stockholders' deficit | (635,077) | (1,657,963) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 307,504 | $ 307,504 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2017 | Sep. 30, 2016 |
Balance Sheets [Abstract] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | ||
Preferred stock, shares outstanding | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 11,125,000 | 11,125,000 |
Common stock, shares outstanding | 11,125,000 | 11,125,000 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | |
OPERATING EXPENSES | ||||
General and administrative | $ 4,084 | $ 39,603 | $ 38,168 | $ 66,309 |
Total operating expenses | 4,084 | 39,603 | 38,168 | 66,309 |
LOSS FROM OPERATIONS | (4,084) | (39,603) | (38,168) | (66,309) |
Other expenses | ||||
Interest expense | 5,579 | 18,490 | 17,084 | 37,182 |
Net Loss before provision for income taxes | (9,663) | (58,093) | (55,252) | (103,491) |
Provision for income taxes | ||||
NET LOSS | $ (9,663) | $ (58,093) | $ (55,252) | $ (103,491) |
Net loss per share - basic and diluted | $ 0 | $ (0.01) | $ 0 | $ (0.01) |
Weighted average number of shares outstanding during the period - basic and diluted | 11,125,000 | 11,125,000 | 11,125,000 | 11,125,000 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (55,252) | $ (103,491) |
Changes in operating assets and liabilities: | ||
Increase / (Decrease) in accounts payable and accrued interest | 55,252 | 40,089 |
Increase / (Decrease) in accrued salary | 60,000 | |
Net Cash Used In Operating Activities | (3,402) | |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Contirbution of capital | 3,312 | |
Net Cash Provided By Financing Activities | 3,312 | |
NET DECREASE IN CASH | (90) | |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 244 | |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 154 | |
Supplemental disclosure of non cash investing & financing activities: | ||
Adjustments to APIC from forgiven interest for related party loans | 220,732 | |
Adjustments to APIC from forgiven accrued salary | 270,000 | |
Adjustments to APIC from forgiven related party notes | $ 587,406 |
General Organization and Busine
General Organization and Business | 6 Months Ended |
Mar. 31, 2017 | |
General Organization and Business [Abstract] | |
GENERAL ORGANIZATION AND BUSINESS | NOTE 1. GENERAL ORGANIZATION AND BUSINESS Inspired Builders, Inc. (the “Company”) was incorporated in the State of Nevada in February 2010. Until August 15, 2017 the Company was directing it’s focus on acquiring, investing in, developing and managing real estate properties and related investments. On August 15, 2017, Inspired Builders (the “Company”), the majority shareholders of the Company (the “Sellers”) and JJL Capital Management, LLC (the “Purchaser”) entered into a stock purchase agreement (the “Stock Purchase Agreement”), whereby the Purchaser purchased from the Sellers 5,643,979 shares of common stock, par value $0.001 per share, of the Company (the “Shares”), representing approximately 50.73% of the issued and outstanding shares of the Company, for an aggregate purchase price of $564.39 (the “Purchase Price”). On August 16, 2017, the closing of the transaction occurred (“Closing Date”). Pursuant to the change in control transaction, we relocated to Miami, Florida and ceased all operations as a real estate company. Also, in connection therewith, Matthew Nordgren, the Company’s sole officer and Director, resigned from his positions and named Scott Silverman as sole director and to the positions of CEO, CFO, Chief Accounting Officer and Secretary. The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in The United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all of the information necessary for a comprehensive presentation of financial position and results of operations. The interim results for the period ended March 31, 2017 are not necessarily indicative of expected results for the full fiscal year. It is management’s opinion, however that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statements presentation. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Mar. 31, 2017 | |
Summary of Significant Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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 amounts reported in the financial statements and accompanying notes. Such estimates and assumptions impact, among others, the following; estimates of the probability and potential magnitude of contingent liabilities, the valuation allowance for deferred tax assets due to continuing operating losses, valuation of shares issued in connection with the purchase of real estate, the valuation of the real estate and the evaluation of any impairment on the real estate. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from our estimates. Cash and Cash Equivalents Cash and cash equivalents are reported in the balance sheet at cost, which approximates fair value. For the purpose of the financial statements cash equivalents include all highly liquid investments with an original maturity of three months or less when purchased. There were no cash equivalents at March 31, 2017 and September 30, 2016. Earnings (Loss) per Share In accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,” basic earnings (loss) per share is computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. The Company has 0 and 20,833 shares issuable upon conversion of convertible notes payable that were not included in the computation of dilutive loss per share because their inclusion is anti-dilutive for the periods ended March 31, 2017 and September 30, 2016, respectively. Income Taxes The Company accounts for income taxes in accordance with generally accepted accounting principles which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed annually for differences between financial statement and income tax bases of assets and liabilities that will result in taxable income or deductible expenses in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets and liabilities to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period adjusted for the change during the period in deferred tax assets and liabilities. The Company follows the accounting requirements associated with uncertainty in income taxes using the provisions of Financial Accounting Standards Board (FASB) ASC 740, Income Taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more likely than not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of March 31, 2017, the Company has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. All tax returns from fiscal years 2010 to 2015 are subject to IRS audit. Fair Value of Financial Investments The fair value of cash and cash equivalents, accounts payable, accrued liabilities, and notes payable approximates the carrying amount of these financial instruments due to their short-term maturity. 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 the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Revenue and Cost Recognition The Company has no current source of revenue; therefore, the Company has not yet adopted any policy regarding the recognition of revenue or cost. Recent accounting pronouncements The Company has reviewed the Accounting Standards Updates through ASU No. 2016-01 and these updates have no current applicability to the Company or their effect on the financial statements would not have been significant. |
Going Concern
Going Concern | 6 Months Ended |
Mar. 31, 2017 | |
Going Concern [Abstract] | |
GOING CONCERN | NOTE 3. GOING CONCERN As reflected in the accompanying financial statements, the Company has a net loss of $55,252 for the six months ended March 31, 2017 and a working capital deficit of $942,581 at March 31, 2017. In addition, the Company has not had construction revenues since May 2011 and the only prospect for positive cash flow is through the issuance of common stock or debt. If the Company does not begin to generate sufficient revenue or raise additional funds through a financing, the Company may need to incur additional liabilities with certain related parties to sustain the Company’s existence. There are currently no plans or agreements in place to provide such funding. The Company will require additional funding to finance the growth of its future operations as well as to achieve its strategic objectives. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and generate revenue. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |
Real Estate
Real Estate | 6 Months Ended |
Mar. 31, 2017 | |
Real Estate [Abstract] | |
REAL ESTATE | NOTE 4. REAL ESTATE On June 24, 2013, the Company entered into an agreement with a related party to purchase a parcel of undeveloped land in Duval County, Florida. The purchase price for the Duval property was $1,350,000, payable by the Company’s delivery of a $750,000 mortgage at 3%, which was due on June 24, 2014 and has been extended to June 24, 2015. As of today the note is currently past due. The $600,000 balance of the purchase price was paid by approving the issuance to the seller of 100,000 shares of the Company’s common stock. The $0.001 par value per share was valued by the parties at $6.00 per share, based on the closing price of the stock on the date of the closing. The note is secured by a lien on the real estate. In accordance with ASC 845-10-S99, transfers of nonmonetary assets for stock or other consideration of the registrant are recorded at the predecessor cost. Accordingly, the Company recorded the value of the real estate acquired at the historical basis of $307,504. The Company became aware that there is a real estate tax lien for unpaid taxes at March 31, 2017 and September 30, 2016 of $23,714 and $23,714, respectively. On July 17, 2017, the Company assigned all interests in the property to a related party in exchange for an assumption of the mortgage principal and interest of $750,000 and $90,370 respectively, and the real estate taxes payable of $23,714. |
Employment Agreement
Employment Agreement | 6 Months Ended |
Mar. 31, 2017 | |
Employment Agreement [Abstract] | |
EMPLOYMENT AGREEMENT | NOTE 5. EMPLOYMENT AGREEMENT On September 1, 2013 the Company entered into a three-year employment contract with its CEO. The CEO is to be paid $10,000 per month plus reimbursement for expenses and bonuses as determined by the board. The CEO will be entitled to one week paid vacation and is subject to a one year non-compete agreement at the end of the employment contract. As of June 30, 2014, the Company has paid the CEO a total of $10,000 and has accrued $90,000 for amounts due to the CEO. On June 30, 2014 the Company's CEO converted $90,000 of accrued salary into an unsecured promissory note. The Note accrues interest at a rate of 5% per annum and is due June 30, 2015. As of March 31, 2017 and September 30, 2016 Company recorded $0 and $270,000, respectively of accrued salary. On November 15, 2016, the CEO and the Company entered into a Release and Settlement Agreement whereby the employment contract was terminated and $290,000 in accrued salary was forgiven. The accrued salary was accounted for as contributed capital. |
Mortgage Payable - Related Part
Mortgage Payable - Related Party | 6 Months Ended |
Mar. 31, 2017 | |
Mortgage Payable Related Party [Abstract] | |
MORTGAGE PAYABLE - RELATED PARTY | NOTE 6. MORTGAGE PAYABLE – RELATED PARTY On June 24, 2013, the Company entered into an agreement with a related party to purchase a parcel of undeveloped land in Duval County, Florida. The purchase price for the Duval property was $1,350,000, payable by the Company’s delivery of a $750,000 mortgage at 3%, which was due on June 24, 2014 and has been extended to June 24, 2015. The $600,000 balance of the purchase price was paid by approving the issuance to the seller of 100,000 shares of the Company’s common stock. The $0.001 par value per share was valued by the parties at $6.00 per share, based on the closing price of the stock on the date of the closing. As of March 31, 2017 and September 30, 2016 the Company has accrued interest of $84,699 and $73,603, respectively, due on the mortgage. On July 17, 2017, the Company assigned all interests in the property to a related party in exchange for an assumption of the mortgage principal and interest of $750,000 and $90,370 respectively. |
Convertible Notes Payable - Rel
Convertible Notes Payable - Related Party | 6 Months Ended |
Mar. 31, 2017 | |
Convertible Notes Payable - Related Party [Abstract] | |
CONVERTIBLE NOTES PAYABLE - RELATED PARTY | NOTE 7. CONVERTIBLE NOTES PAYABLE – RELATED PARTY On January 24, 2014, a related party loaned the Company $10,000, which is evidenced by a secured note payable with an interest rate of 12% and a maturity of January 24, 2015. These funds were used to pay 1 months’ salary to our Chief Executive Officer. If the loan in not repaid by January 24, 2015 it is convertible at the option of the holder into common stock at a share price of $.48 per share. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $3,222, respectively. Subsequently, the related party agreed to extend the promissory note maturity date to January 24, 2017. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $10,000 in principal and $3,373 in accrued interest was forgiven. The transaction was accounted for as contributed capital. |
Notes Payable - Related Parties
Notes Payable - Related Parties | 6 Months Ended |
Mar. 31, 2017 | |
Notes Payable - Related Parties [Abstract] | |
NOTES PAYABLE - RELATED PARTIES | NOTE 8. NOTES PAYABLE – RELATED PARTIES On January 13, 2012 the Company entered into a 12-month unsecured promissory note in the amount of $211,000. Interest accrues in arrears on the outstanding principal at the rate of ten percent (10.00%) per annum. Interest shall be payable on the last day of each quarter, commencing March 30, 2012, and continuing until the maturity date. Should the maker fail to pay the entire principal and accrued interest by the maturity date, the maker agrees that the interest rate shall increase to twelve percent (12.00%) per annum. On May 10, 2013, the Company and the related party agreed to extend the maturity of the loan for an additional year or until January 13, 2014. The loan maturity dates were further extended to January 13, 2016. On May 22, 2012, the Company borrowed an additional $32,714 from the related party, with the same terms, the loan maturity dates were extended to January 13, 2016. On September 17, 2012, the Company borrowed an additional $22,032 from the related party, with the same terms, the loan maturity dates were extended to January 13, 2016. On February 7, 2013, the Company borrowed an additional $28,773 from the related party, with the same terms, and on July 31, 2013, the Company borrowed an additional $30,000 from the related party, with the same terms. The loans maturity dates were further extended to February 7, 2016 and July 31, 2016, respectively. On December 20, 2013, the Company borrowed $2,500, on January 7, 2014, the Company borrowed $5,000, on February 6, 2014, the Company borrowed $5,520, the loans maturity dates were further extended to December 20, 2015 and January 7, 2016. On February 17, 2014, the Company borrowed $4,400 and on June 26, 2014, the Company borrowed $3,080, the loans maturity dates were further extended to February 6, 2016 and February 17, 2016, respectively. The total outstanding principal at March 31, 2017 and September 30, 2016 amounted to $2,500 and $345,019, respectively. Accrued interest at March 31, 2017 and September 30, 2016, amounted to $410 and $145,401, respectively. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $342,519 in principal and $149,256 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On November 13, 2013, a related party entered into an unsecured note payable for $25,000 with an interest rate of 5% due November 13, 2014, the maturity date on the loan was further extended to November 11, 2015. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $3,603. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $25,000 in principal and $3,760 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On January 13, 2014 and January 20, 2014, a related party entered into two unsecured note payables for a total of $25,632 with an interest rate of 5% due January 20, 2015, the loans maturity dates were further extended to January 13, 2016 and January 20, 2016, respectively. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $6,461. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $25,632 in principal and $6,763 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On June 19, 2014 the Company’s CEO entered into an unsecured note payable of $30,000 with an interest rate of 10% due on June 19, 2015, the loans maturity was further ended to June 16, 2016. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $6,855 respectively. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $30,000 in principal and $7,233 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On October 14, 2014 the Company’s CEO loaned the Company $3,482, which is evidenced by an unsecured note payable with an interest rate of 5% and a maturity of October 13, 2015. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $342. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $3,482 in principal and $364 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On October 14, 2014 a related party loaned the Company $3,320, which is evidenced by an unsecured note payable with an interest rate of 5% and a maturity of October 13, 2015. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $326. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $3,320 in principal and $347 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On June 30, 2014 the Company's CEO converted $90,000 of accrued salary into an unsecured promissory note. The Note accrues interest at a rate of 5% per annum and is due June 30, 2015. Accrued interest at March 31, 2017 and September 30, 2016 was $0 and $10,147, respectively. On November 15, 2016, the CEO and the Company entered into a Release and Settlement Agreement whereby the Note, comprising of $90,000 of principal and $10,714 of interest was forgiven. The transaction was accounted for as contributed capital. On February 20, 2015, a related party entered into an unsecured note payable for $55,000 with an interest rate of 10% due February 20, 2016. Accrued interest as of June 30, 2015 amounted to $2,214. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $8,860. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $55,000 in principal and $9,553 in accrued interest was forgiven. The transaction was accounted for as contributed capital. |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Mar. 31, 2017 | |
Commitments and Contingencies [Abstract] | |
COMMITMENTS AND CONTINGENCIES | 9. COMMITMENTS AND CONTINGENCIES From time to time, the Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise that may harm its business. The Company is currently not aware of any such legal proceedings or claims that they believe will have, individually or in the aggregate, a material adverse effect on its business, financial condition or operating results. |
Concentration of Credit Risk
Concentration of Credit Risk | 6 Months Ended |
Mar. 31, 2017 | |
Concentration of Credit Risk [Abstract] | |
CONCENTRATION OF CREDIT RISK | 10. CONCENTRATION OF CREDIT RISK The Company relies heavily on the support of its president and majority shareholder. A withdrawal of this support, for any reason, will have a material adverse effect on the Company’s financial position and its operations. |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Mar. 31, 2017 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | 11. RELATED PARTY TRANSACTIONS On January 13, 2012 the Company entered into a 12-month unsecured promissory note in the amount of $211,000. Interest accrues in arrears on the outstanding principal at the rate of ten percent (10.00%) per annum. Interest shall be payable on the last day of each quarter, commencing March 30, 2012, and continuing until the maturity date. Should the maker fail to pay the entire principal and accrued interest by the maturity date, the maker agrees that the interest rate shall increase to twelve percent (12.00%) per annum. On May 10, 2013, the Company and the related party agreed to extend the maturity of the loan for an additional year or until January 13, 2014. The loan maturity dates were further extended to January 13, 2016. On May 22, 2012, the Company borrowed an additional $32,714 from the related party, with the same terms, the loan maturity dates were extended to January 13, 2016. On September 17, 2012, the Company borrowed an additional $22,032 from the related party, with the same terms, the loan maturity dates were extended to January 13, 2016. On February 7, 2013, the Company borrowed an additional $28,773 from the related party, with the same terms, and on July 31, 2013, the Company borrowed an additional $30,000 from the related party, with the same terms. The loans maturity dates were further extended to February 7, 2016 and July 31, 2016, respectively. On December 20, 2013, the Company borrowed $2,500, on January 7, 2014, the Company borrowed $5,000, on February 6, 2014, the Company borrowed $5,520, the loans maturity dates were further extended to December 20, 2015 and January 7, 2016. On February 17, 2014, the Company borrowed $4,400 and on June 26, 2014, the Company borrowed $3,080, the loans maturity dates were further extended to February 6, 2016 and February 17, 2016, respectively. The total outstanding principal at March 31, 2017 and September 30, 2016 amounted to $2,500 and $345,019, respectively. Accrued interest at March 31, 2017 and September 30, 2016, amounted to $410 and $145,401, respectively. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $342,519 in principal and $149,256 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On June 24, 2013, the Company entered into an agreement with a related party to purchase a parcel of undeveloped land in Duval County, Florida. The purchase price for the Duval property was $1,350,000, payable by the Company’s delivery of a $750,000 mortgage at 3%, which was due on June 24, 2014 and has been extended to June 24, 2015. As of today the note is currently past due. The $600,000 balance of the purchase price was paid by approving the issuance to the seller of 100,000 shares of the Company’s common stock. The $0.001 par value per share was valued by the parties at $6.00 per share, based on the closing price of the stock on the date of the closing. As of March 31, 2017 and September 30, 2016 the Company has accrued interest of $84,699 and $73,603, respectively, due on the mortgage. On July 17, 2017, the Company assigned all interests in the property to a related party in exchange for an assumption of the mortgage principal and interest of $750,000 and $90,370 respectively. On November 13, 2013, a related party entered into an unsecured note payable for $25,000 with an interest rate of 5% due November 13, 2014, the maturity date on the loan was further extended to November 11, 2015. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $3,603. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $25,000 in principal and $3,760 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On January 13, 2014 and January 20, 2014, a related party entered into two unsecured note payables for a total of $25,632 with an interest rate of 5% due January 20, 2015, the loans maturity dates were further extended to January 13, 2016 and January 20, 2016, respectively. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $6,461. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $25,632 in principal and $6,763 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On January 24, 2014, a related party loaned the Company $10,000, which is evidenced by a secured note payable with an interest rate of 12% and a maturity of January 24, 2015. These funds were used to pay 1 months’ salary to our Chief Executive Officer. If the loan in not repaid by January 24, 2015 it is convertible at the option of the holder into common stock at a share price of $.48 per share. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $3,222, respectively. Subsequently, the related party agreed to extend the promissory note maturity date to January 24, 2017. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $10,000 in principal and $3,373 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On June 19, 2014 the Company’s CEO entered into an unsecured note payable of $30,000 with an interest rate of 10% due on June 19, 2015, the loans maturity was further ended to June 16, 2016. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $6,855 respectively. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $30,000 in principal and $7,233 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On October 14, 2014 the Company’s CEO loaned the Company $3,482, which is evidenced by an unsecured note payable with an interest rate of 5% and a maturity of October 13, 2015. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $342. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $3,482 in principal and $364 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On October 14, 2014 a related party loaned the Company $3,320, which is evidenced by an unsecured note payable with an interest rate of 5% and a maturity of October 13, 2015. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $326. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $3,320 in principal and $347 in accrued interest was forgiven. The transaction was accounted for as contributed capital. On June 30, 2014 the Company's CEO converted $90,000 of accrued salary into an unsecured promissory note. The Note accrues interest at a rate of 5% per annum and is due June 30, 2015. Accrued interest at March 31, 2017 and September 30, 2016 was $0 and $10,147, respectively. On November 15, 2016, the CEO and the Company entered into a Release and Settlement Agreement whereby the Note, comprising of $90,000 of principal and $10,714 of interest was forgiven. The transaction was accounted for as contributed capital. On February 20, 2015, a related party entered into an unsecured note payable for $55,000 with an interest rate of 10% due February 20, 2016. Accrued interest as of June 30, 2015 amounted to $2,214. Accrued interest at March 31, 2017 and September 30, 2016 amounted to $0 and $8,860. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $55,000 in principal and $9,553 in accrued interest was forgiven. The transaction was accounted for as contributed capital. |
Subsequent Event
Subsequent Event | 6 Months Ended |
Mar. 31, 2017 | |
Subsequent Event [Abstract] | |
SUBSEQUENT EVENT | 12. SUBSEQUENT EVENT On July 17, 2017, the Company assigned all interests in the property owned in Duval County, FL to a related party in exchange for an assumption of the mortgage principal and interest of $750,000 and $90,370 respectively, and of real estate taxes payable of $23,714 (See Notes 4 and 6). On August 15, 2017, Inspired Builders (the “Company”), the majority shareholders of the Company (the “Sellers”) and JJL Capital Management, LLC (the “Purchaser”) entered into a stock purchase agreement (the “Stock Purchase Agreement”), whereby the Purchaser purchased from the Sellers 5,643,979 shares of common stock, par value $0.001 per share, of the Company (the “Shares”), representing approximately 50.73% of the issued and outstanding shares of the Company, for an aggregate purchase price of $564.39 (the “Purchase Price”). On August 16, 2017, the closing of the transaction occurred (“Closing Date”). Pursuant to the change in control transaction, we relocated to Miami, Florida and ceased all operations as a real estate company. Also, in connection therewith, Matthew Nordgren, the Company’s sole officer and Director, resigned from his positions and named Scott Silverman as sole director and to the positions of CEO, CFO, Chief Accounting Officer and Secretary (See Note 1). On October 17, 2017, a related party entered into an unsecured note payable for $14,300 with an interest rate of 0% due upon demand by the holder. On October 20, 2017, a related party entered into an unsecured note payable for $825 with an interest rate of 0% due upon demand by the holder. |
Summary of Significant Accoun18
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Mar. 31, 2017 | |
Summary of Significant Accounting Policies [Abstract] | |
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 amounts reported in the financial statements and accompanying notes. Such estimates and assumptions impact, among others, the following; estimates of the probability and potential magnitude of contingent liabilities, the valuation allowance for deferred tax assets due to continuing operating losses, valuation of shares issued in connection with the purchase of real estate, the valuation of the real estate and the evaluation of any impairment on the real estate. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from our estimates. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents are reported in the balance sheet at cost, which approximates fair value. For the purpose of the financial statements cash equivalents include all highly liquid investments with an original maturity of three months or less when purchased. There were no cash equivalents at March 31, 2017 and September 30, 2016. |
Earnings (Loss) per Share | Earnings (Loss) per Share In accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,” basic earnings (loss) per share is computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. The Company has 0 and 20,833 shares issuable upon conversion of convertible notes payable that were not included in the computation of dilutive loss per share because their inclusion is anti-dilutive for the periods ended March 31, 2017 and September 30, 2016, respectively. |
Income Taxes | Income Taxes The Company accounts for income taxes in accordance with generally accepted accounting principles which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed annually for differences between financial statement and income tax bases of assets and liabilities that will result in taxable income or deductible expenses in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets and liabilities to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period adjusted for the change during the period in deferred tax assets and liabilities. The Company follows the accounting requirements associated with uncertainty in income taxes using the provisions of Financial Accounting Standards Board (FASB) ASC 740, Income Taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more likely than not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of March 31, 2017, the Company has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. All tax returns from fiscal years 2010 to 2015 are subject to IRS audit. |
Fair Value of Financial Investments | Fair Value of Financial Investments The fair value of cash and cash equivalents, accounts payable, accrued liabilities, and notes payable approximates the carrying amount of these financial instruments due to their short-term maturity. |
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 the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
Revenue and Cost Recognition | Revenue and Cost Recognition The Company has no current source of revenue; therefore, the Company has not yet adopted any policy regarding the recognition of revenue or cost. |
Recent accounting pronouncements | Recent accounting pronouncements The Company has reviewed the Accounting Standards Updates through ASU No. 2016-01 and these updates have no current applicability to the Company or their effect on the financial statements would not have been significant. |
General Organization and Busi19
General Organization and Business (Details) - $ / shares | Aug. 15, 2017 | Mar. 31, 2017 | Sep. 30, 2016 |
General Organization and Business (Textual) | |||
Common stock, shares issued | 11,125,000 | 11,125,000 | |
Common stock, par value | $ 0.001 | $ 0.001 | |
Forecast Event [Member] | Majority Shareholder [Member] | |||
General Organization and Business (Textual) | |||
Common stock, shares issued | 5,643,979 | ||
Common stock, par value | $ 0.001 | ||
Ownership percentage | 50.73% | ||
Aggregate purchase price | $ 564.39 |
Summary of Significant Accoun20
Summary of Significant Accounting Policies (Details) - shares | 6 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Sep. 30, 2016 | |
Summary of Significant Accounting Policies (Textual) | ||
Shares issuable upon conversion of convertible notes payable | 0 | 20,833 |
Going Concern (Details)
Going Concern (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | |
Going Concern (Textual) | ||||
Net loss | $ (9,663) | $ (58,093) | $ (55,252) | $ (103,491) |
Working capital deficit | $ 942,581 | $ 942,581 |
Real Estate (Details)
Real Estate (Details) - USD ($) | Jun. 24, 2013 | Jul. 17, 2017 | Mar. 31, 2017 | Sep. 30, 2016 |
Real Estate (Textual) | ||||
Common stock, par value | $ 0.001 | $ 0.001 | ||
Duval County [Member] | ||||
Real Estate (Textual) | ||||
Purchase price of property | $ 1,350,000 | |||
Mortgage payable | $ 750,000 | |||
Mortgage interest rate | 3.00% | |||
Maturity period of loan | Jun. 24, 2014 | |||
Extended maturity period | Jun. 24, 2015 | |||
Balance amount | $ 600,000 | |||
Shares issued | 100,000 | |||
Aggregate purchase price | $ 6 | |||
Common stock, par value | $ 0.001 | |||
Real estate acquired at historical basis | $ 307,504 | |||
Real estate unpaid taxes | $ 23,714 | $ 23,714 | ||
Forecast Event [Member] | ||||
Real Estate (Textual) | ||||
Mortgage principal amount | $ 750,000 | |||
Interest amount | 90,370 | |||
Real estate taxes payable | 23,714 | |||
Forecast Event [Member] | Duval County [Member] | ||||
Real Estate (Textual) | ||||
Mortgage principal amount | 750,000 | |||
Interest amount | $ 90,370 |
Employment Agreement (Details)
Employment Agreement (Details) - USD ($) | Sep. 01, 2013 | Jun. 30, 2014 | Mar. 31, 2017 | Nov. 15, 2016 | Sep. 30, 2016 |
Employment Agreement (Textual) | |||||
Accrued salary | $ 270,000 | ||||
Settlement Agreement [Member] | |||||
Employment Agreement (Textual) | |||||
Accrued salary | $ 290,000 | ||||
Chief Executive Officer [Member] | |||||
Employment Agreement (Textual) | |||||
Accrued salary | $ 90,000 | ||||
Accrued interest | 5.00% | ||||
Maturity date, description | Due June 30, 2015 | ||||
Salary paid | $ 90,000 | ||||
Reimbursement Expenses | $ 10,000 | ||||
Employment contract, description | The Company entered into a three-year employment contract with its CEO. The CEO is to be paid $10,000 per month plus reimbursement for expenses and bonuses as determined by the board. The CEO will be entitled to one week paid vacation and is subject to a one year non-compete agreement at the end of the employment contract. |
Mortgage Payable - Related Pa24
Mortgage Payable - Related Party (Details) - USD ($) | Jun. 24, 2013 | Jul. 17, 2017 | Mar. 31, 2017 | Sep. 30, 2016 |
Mortgage Payable - Related Party (Textual) | ||||
Common stock, par value | $ 0.001 | $ 0.001 | ||
Duval County [Member] | ||||
Mortgage Payable - Related Party (Textual) | ||||
Purchase price of property | $ 1,350,000 | |||
Mortgage interest rate | 3.00% | |||
Mortgage payable | $ 750,000 | |||
Maturity period of loan | Jun. 24, 2014 | |||
Extended maturity period | Jun. 24, 2015 | |||
Shares issued | 100,000 | |||
Balance amount | $ 600,000 | |||
Common stock, par value | $ 0.001 | |||
Aggregate purchase price | $ 6 | |||
Accrued interest | $ 84,699 | $ 73,603 | ||
Forecast Event [Member] | ||||
Mortgage Payable - Related Party (Textual) | ||||
Mortgage principal amount | $ 750,000 | |||
Interest amount | 90,370 | |||
Forecast Event [Member] | Duval County [Member] | ||||
Mortgage Payable - Related Party (Textual) | ||||
Mortgage principal amount | 750,000 | |||
Interest amount | $ 90,370 |
Convertible Notes Payable - R25
Convertible Notes Payable - Related Party (Details) - Convertible notes payable [Member] - USD ($) | Jan. 24, 2014 | Sep. 30, 2016 | Mar. 31, 2017 | Nov. 15, 2016 |
Convertible Notes Payable Related Party (Textual) | ||||
Related party loan | $ 10,000 | |||
Interest rate | 12.00% | |||
Maturity period of loan | Jan. 24, 2015 | |||
Extended maturity period | Jan. 24, 2017 | |||
Share price | $ 0.48 | |||
Accrued interest | $ 3,222 | $ 0 | $ 3,373 | |
Principal amount | $ 10,000 |
Notes Payable - Related Parti26
Notes Payable - Related Parties (Details) - USD ($) | Feb. 20, 2015 | Oct. 14, 2014 | Jun. 19, 2014 | Jan. 20, 2014 | Jan. 13, 2014 | Nov. 13, 2013 | Jan. 13, 2012 | Jun. 30, 2014 | Mar. 31, 2017 | Nov. 15, 2016 | Sep. 30, 2016 | Jun. 30, 2015 | Jun. 26, 2014 | Feb. 17, 2014 | Feb. 06, 2014 | Jan. 07, 2014 | Dec. 20, 2013 | Jul. 31, 2013 | Feb. 07, 2013 | Sep. 17, 2012 | May 22, 2012 |
Note Payable - Related Party (Textual) | |||||||||||||||||||||
Unsecured promissory note | $ 2,500 | $ 577,453 | |||||||||||||||||||
Unsecured note payable [Member] | |||||||||||||||||||||
Note Payable - Related Party (Textual) | |||||||||||||||||||||
Duration of unsecured promissory note | 12 months | ||||||||||||||||||||
Unsecured promissory note | $ 211,000 | ||||||||||||||||||||
Interest rate | 10.00% | ||||||||||||||||||||
Increase interest rate incase of failure in repayment of note payable | 12.00% | ||||||||||||||||||||
Additional notes payable borrowed from related party | $ 3,080 | $ 4,400 | $ 5,520 | $ 5,000 | $ 2,500 | $ 30,000 | $ 28,773 | $ 22,032 | $ 32,714 | ||||||||||||
Accrued interest | 410 | $ 149,256 | 145,401 | ||||||||||||||||||
Total outstanding principal | 2,500 | 342,519 | 345,019 | ||||||||||||||||||
Unsecured note payable 1 [Member] | |||||||||||||||||||||
Note Payable - Related Party (Textual) | |||||||||||||||||||||
Unsecured promissory note | $ 25,000 | ||||||||||||||||||||
Interest rate | 5.00% | ||||||||||||||||||||
Maturity period of loan | Nov. 13, 2014 | ||||||||||||||||||||
Accrued interest | 0 | 3,760 | 3,603 | ||||||||||||||||||
Total outstanding principal | 25,000 | ||||||||||||||||||||
Unsecured note payable 2 [Member] | |||||||||||||||||||||
Note Payable - Related Party (Textual) | |||||||||||||||||||||
Unsecured promissory note | $ 25,632 | $ 25,632 | |||||||||||||||||||
Interest rate | 5.00% | 5.00% | |||||||||||||||||||
Maturity period of loan | Jan. 20, 2016 | Jan. 20, 2015 | |||||||||||||||||||
Accrued interest | 0 | 6,763 | 6,461 | ||||||||||||||||||
Total outstanding principal | 25,632 | ||||||||||||||||||||
Unsecured note payable 7 [Member] | |||||||||||||||||||||
Note Payable - Related Party (Textual) | |||||||||||||||||||||
Unsecured promissory note | $ 55,000 | ||||||||||||||||||||
Interest rate | 10.00% | ||||||||||||||||||||
Maturity period of loan | Feb. 20, 2016 | ||||||||||||||||||||
Accrued interest | 0 | 9,553 | 8,860 | $ 2,214 | |||||||||||||||||
Total outstanding principal | 55,000 | ||||||||||||||||||||
Chief Executive Officer [Member] | Unsecured note payable 3 [Member] | |||||||||||||||||||||
Note Payable - Related Party (Textual) | |||||||||||||||||||||
Unsecured promissory note | $ 30,000 | ||||||||||||||||||||
Interest rate | 10.00% | ||||||||||||||||||||
Maturity period of loan | Jun. 19, 2016 | ||||||||||||||||||||
Accrued interest | 0 | 7,233 | 6,855 | ||||||||||||||||||
Total outstanding principal | 30,000 | ||||||||||||||||||||
Chief Executive Officer [Member] | Unsecured note payable 4 [Member] | |||||||||||||||||||||
Note Payable - Related Party (Textual) | |||||||||||||||||||||
Unsecured promissory note | $ 3,482 | ||||||||||||||||||||
Interest rate | 5.00% | ||||||||||||||||||||
Maturity period of loan | Oct. 13, 2015 | ||||||||||||||||||||
Accrued interest | 0 | 364 | 342 | ||||||||||||||||||
Total outstanding principal | 3,482 | ||||||||||||||||||||
Chief Executive Officer [Member] | Unsecured note payable 5 [Member] | |||||||||||||||||||||
Note Payable - Related Party (Textual) | |||||||||||||||||||||
Unsecured promissory note | $ 3,320 | ||||||||||||||||||||
Interest rate | 5.00% | ||||||||||||||||||||
Maturity period of loan | Oct. 13, 2015 | ||||||||||||||||||||
Accrued interest | 0 | 347 | 326 | ||||||||||||||||||
Total outstanding principal | 3,320 | ||||||||||||||||||||
Chief Executive Officer [Member] | Unsecured note payable 6 [Member] | |||||||||||||||||||||
Note Payable - Related Party (Textual) | |||||||||||||||||||||
Unsecured promissory note | $ 90,000 | ||||||||||||||||||||
Interest rate | 5.00% | ||||||||||||||||||||
Maturity period of loan | Jun. 30, 2015 | ||||||||||||||||||||
Accrued interest | $ 0 | 10,714 | $ 10,147 | ||||||||||||||||||
Total outstanding principal | $ 90,000 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | Feb. 20, 2015 | Oct. 14, 2014 | Jun. 19, 2014 | Jan. 24, 2014 | Jan. 20, 2014 | Jan. 13, 2014 | Nov. 13, 2013 | Sep. 01, 2013 | Jun. 24, 2013 | Jan. 13, 2012 | Jun. 30, 2014 | Mar. 31, 2017 | Sep. 30, 2016 | Nov. 15, 2016 | Jun. 30, 2015 | Jun. 26, 2014 | Feb. 17, 2014 | Feb. 06, 2014 | Jan. 07, 2014 | Dec. 20, 2013 | Jul. 31, 2013 | Feb. 07, 2013 | Sep. 17, 2012 | May 22, 2012 |
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Related party loan | $ 2,500 | $ 577,453 | ||||||||||||||||||||||
Common stock, par value | $ 0.001 | $ 0.001 | ||||||||||||||||||||||
Accrued salary | $ 270,000 | |||||||||||||||||||||||
July 17, 2017 [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Mortgage interest amount | 90,370 | |||||||||||||||||||||||
Duval County [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Maturity period of loan | Jun. 24, 2014 | |||||||||||||||||||||||
Accrued interest | 84,699 | 73,603 | ||||||||||||||||||||||
Related parties per share | $ 6 | |||||||||||||||||||||||
Purchase price of property | $ 1,350,000 | |||||||||||||||||||||||
Mortgage interest rate | 3.00% | |||||||||||||||||||||||
Mortgage payable | $ 750,000 | |||||||||||||||||||||||
Shares issued | 100,000 | |||||||||||||||||||||||
Balance amount | $ 600,000 | |||||||||||||||||||||||
Common stock, par value | $ 0.001 | |||||||||||||||||||||||
Duval County [Member] | July 17, 2017 [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Mortgage interest amount | 90,370 | |||||||||||||||||||||||
Mortgage payable | 750,000 | |||||||||||||||||||||||
Secured note payable [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Related party loan | $ 10,000 | |||||||||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||||||||
Maturity period of loan | Jan. 24, 2015 | |||||||||||||||||||||||
Accrued interest | 0 | 3,222 | $ 3,373 | |||||||||||||||||||||
Total outstanding principal | 10,000 | |||||||||||||||||||||||
Share price | $ 0.48 | |||||||||||||||||||||||
Unsecured Debt [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Related party loan | $ 211,000 | |||||||||||||||||||||||
Interest rate | 10.00% | |||||||||||||||||||||||
Increase interest rate incase of failure in repayment of note payable | 12.00% | |||||||||||||||||||||||
Accrued interest | 410 | 145,401 | 149,256 | |||||||||||||||||||||
Total outstanding principal | 2,500 | 345,019 | 342,519 | |||||||||||||||||||||
Duration of unsecured promissory note | 12 months | |||||||||||||||||||||||
Additional notes payable borrowed from related party | $ 3,080 | $ 4,400 | $ 5,520 | $ 5,000 | $ 2,500 | $ 30,000 | $ 28,773 | $ 22,032 | $ 32,714 | |||||||||||||||
Unsecured note payable 1 [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Related party loan | $ 25,000 | |||||||||||||||||||||||
Interest rate | 5.00% | |||||||||||||||||||||||
Maturity period of loan | Nov. 13, 2014 | |||||||||||||||||||||||
Accrued interest | 0 | 3,603 | 3,760 | |||||||||||||||||||||
Total outstanding principal | 25,000 | |||||||||||||||||||||||
Unsecured note payable 2 [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Related party loan | $ 25,632 | $ 25,632 | ||||||||||||||||||||||
Interest rate | 5.00% | 5.00% | ||||||||||||||||||||||
Maturity period of loan | Jan. 20, 2016 | Jan. 20, 2015 | ||||||||||||||||||||||
Accrued interest | 0 | 6,461 | 6,763 | |||||||||||||||||||||
Total outstanding principal | 25,632 | |||||||||||||||||||||||
Unsecured note payable 7 [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Related party loan | $ 55,000 | |||||||||||||||||||||||
Interest rate | 10.00% | |||||||||||||||||||||||
Maturity period of loan | Feb. 20, 2016 | |||||||||||||||||||||||
Accrued interest | 0 | 8,860 | 9,553 | $ 2,214 | ||||||||||||||||||||
Total outstanding principal | 55,000 | |||||||||||||||||||||||
Chief Executive Officer [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Salary paid | $ 90,000 | |||||||||||||||||||||||
Accrued salary | 90,000 | |||||||||||||||||||||||
Employment contract | The Company entered into a three-year employment contract with its CEO. The CEO is to be paid $10,000 per month plus reimbursement for expenses and bonuses as determined by the board. The CEO will be entitled to one week paid vacation and is subject to a one year non-compete agreement at the end of the employment contract. | |||||||||||||||||||||||
Chief Executive Officer [Member] | Unsecured note payable 3 [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Related party loan | $ 30,000 | |||||||||||||||||||||||
Interest rate | 10.00% | |||||||||||||||||||||||
Maturity period of loan | Jun. 19, 2016 | |||||||||||||||||||||||
Accrued interest | 0 | 6,855 | 7,233 | |||||||||||||||||||||
Total outstanding principal | 30,000 | |||||||||||||||||||||||
Chief Executive Officer [Member] | Unsecured note payable 4 [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Related party loan | $ 3,482 | |||||||||||||||||||||||
Interest rate | 5.00% | |||||||||||||||||||||||
Maturity period of loan | Oct. 13, 2015 | |||||||||||||||||||||||
Accrued interest | 0 | 342 | 364 | |||||||||||||||||||||
Total outstanding principal | 3,482 | |||||||||||||||||||||||
Chief Executive Officer [Member] | Unsecured note payable 5 [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Related party loan | $ 3,320 | |||||||||||||||||||||||
Interest rate | 5.00% | |||||||||||||||||||||||
Maturity period of loan | Oct. 13, 2015 | |||||||||||||||||||||||
Accrued interest | 0 | 326 | 347 | |||||||||||||||||||||
Total outstanding principal | 3,320 | |||||||||||||||||||||||
Chief Executive Officer [Member] | Unsecured note payable 6 [Member] | ||||||||||||||||||||||||
Related Party Transactions (Textual) | ||||||||||||||||||||||||
Related party loan | $ 90,000 | |||||||||||||||||||||||
Interest rate | 5.00% | |||||||||||||||||||||||
Maturity period of loan | Jun. 30, 2015 | |||||||||||||||||||||||
Accrued interest | $ 0 | $ 10,147 | 10,714 | |||||||||||||||||||||
Total outstanding principal | $ 90,000 |
Subsequent Event (Details)
Subsequent Event (Details) - USD ($) | 6 Months Ended | |
Mar. 31, 2017 | Sep. 30, 2016 | |
Subsequent Events (Textual) | ||
Common stock, par value | $ 0.001 | $ 0.001 |
July 17, 2017 [Member] | ||
Subsequent Events (Textual) | ||
Mortgage principal | $ 750,000 | |
Real estate taxes payable | 23,714 | |
Mortgage interest amount | 90,370 | |
October 17, 2017 [Member] | ||
Subsequent Events (Textual) | ||
Unsecured note payable | $ 14,300 | |
Unsecured interest rate | 0.00% | |
October 20, 2017 [Member] | ||
Subsequent Events (Textual) | ||
Unsecured note payable | $ 825 | |
Unsecured interest rate | 0.00% | |
August 15, 2017 (Member) | JJL Capital Management, LLC [Member] | ||
Subsequent Events (Textual) | ||
Common stock shares issued under stock purchase agreement | 5,643,979 | |
Common stock aggregate purchase price | $ 564.39 | |
Common stock, par value | $ 0.001 | |
Sale of Stock, Transaction Date | Aug. 16, 2017 | |
Percentage of issued and outstanding shares | 50.73% |