Clear System Recycling 10-Q 18 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 12, 2013
Document And Entity Information [Abstract]	'	'
Entity Registrant Name	'EXPERIENCE ART & DESIGN, INC.	'
Entity Central Index Key	'0001514888	'
Trading Symbol	'exad	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	25,285,600
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

CONSOLIDATED_BALANCE_SHEETS_Un

CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current Assets	'	'
Cash and Cash Equivalents	$286,156	$43,417
Accounts Receivable, net of Allowance for Doubtful Accounts	163,151	661
Inventories	1,281,762	725,574
Other Current Assets	78,256	10,505
Total Current Assets	1,809,325	780,157
Long-Term Assets	'	'
Property, Plant and Equipment, net of Accumulated Depreciation	1,445,519	1,469,796
Intangibles, net of Accumulated Amortization	258,292	8,105
Other Non-Current Assets	8,835	11,271
Total Long-Term Assets	1,712,646	1,489,172
Total Assets	3,521,971	2,269,329
Current Liabilities	'	'
Short-Term Borrowings - Related Party	264,456	317,472
Accounts Payable and Accrued Liabilities	578,167	185,117
Due to Related Party	38,430	'
Stock Payable	25,000	'
Tax Payable	135,385	75,180
Long-Term Debt - Current Portion	480,000	'
Total Current Liabilities	1,521,438	577,769
Long-Term Liabilities	'	'
Long-Term Debt - Net of Current Portion	652,500	'
Other Liabilities	54,025	37,081
Total Long-Term Liabilities	706,525	37,081
Total Liabilities	2,227,963	614,850
Commitments and Contingencies	'	'
Shareholders' Equity	'	'
Preferred Stock, par value $0.001, 15,000,000 shares authorized, none issued and outstanding	'	'
Common Stock, par value $0.001, 100,000,000 shares authorized, 25,225,600 and 9,700,000 shares issued and outstanding, respectively	25,226	9,700
Additional Paid-in Capital	4,008,027	2,906,552
Accumulated Deficit	-2,759,891	-1,231,894
Accumulated Other Comprehensive Income (Loss)	20,646	-29,879
Total Shareholders' Equity	1,294,008	1,654,479
Total Liabilities and Shareholders' Equity	$3,521,971	$2,269,329

CONSOLIDATED_BALANCE_SHEETS_Un1

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	15,000,000	15,000,000
Preferred stock, shares issued	'	'
Preferred stock, shares outstanding	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	25,225,600	9,700,000
Common stock, shares outstanding	25,225,600	9,700,000

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Statement [Abstract]	'	'	'	'
Revenues	$328,687	$6,842	$450,325	$156,535
Operating Costs:	'	'	'	'
Cost of Goods Sold	219,626	39,755	261,508	132,102
General and Administrative Expenses	502,091	54,136	838,526	283,216
Total Operating Costs	721,717	93,891	1,100,034	415,318
Net Operating Loss	-393,030	-87,049	-649,709	-258,783
Other Income (Expense)	'	'	'	'
Other Income	458	'	458	'
Interest Expense	-30,875	82	-64,303	-6,686
Loss on Settlement of Note Payable	-757,500	'	-757,500	'
Total Other Income (Expense)	-787,917	82	-821,345	-6,686
Net Income (Loss) Before Income Taxes	-1,180,947	-86,967	-1,471,054	-265,469
Provision for Income Taxes	27,418	'	56,943	'
Net Loss	-1,208,365	-86,967	-1,527,997	-265,469
Other Comprehensive Loss	'	'	'	'
Foreign Currency Translation Adjustment	80,520	39,463	50,525	-31,552
Total Comprehensive Loss	($1,127,845)	($47,504)	($1,477,472)	($297,021)
Basic and Diluted Loss Per Common Share (in dollars per share)	($0.05)	($0.01)	($0.09)	($0.03)
Basic and Diluted Weighted Average	'	'	'	'
Number of Common Shares Outstanding (in shares)	24,360,817	9,700,000	17,410,788	9,700,000

CONSOLIDATED_STATEMENT_OF_SHAR

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (DEFICIT) (Unaudited) (USD $)	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2012	'	$9,700	$2,906,552	($1,231,894)	($29,879)	$1,654,479
Balance (in shares) at Dec. 31, 2012	'	9,700,000	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Shares issued with reverse merger	'	13,750	-2,744,914	'	'	-2,731,164
Shares issued with reverse merger (in shares)	'	13,750,000	'	'	'	'
Related party forgiveness of debt	'	'	473,665	'	'	473,665
Shares issued to settle debt	'	700	2,029,300	'	'	2,030,000
Shares issued to settle debt (in shares)	'	700,000	'	'	'	'
Shares issued for cash	'	1,076	1,343,424	'	'	1,344,500
Shares issued for cash (in shares)	'	1,075,600	'	'	'	'
Foreign currency translation	'	'	'	'	50,525	50,525
Net Loss	'	'	'	-1,527,997	'	-1,527,997
Balance at Sep. 30, 2013	'	$25,226	$4,008,027	($2,759,891)	$20,646	$1,294,008
Balance (in shares) at Sep. 30, 2013	'	25,225,600	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Operating Activities	'	'
Net Loss	($1,527,997)	($265,469)
Adjustments to reconcile net loss to net cash from operating activities:	'	'
Depreciation and Amortization	62,807	65,250
Loss on Settlement of Note Payable	757,500	'
Change In Operating Assets and Liabilities:	'	'
Accounts Receivable	-156,032	'
Inventories	-320,857	-217,359
Prepaid Expenses and Other Assets	-64,250	94,686
Accounts Payable and Accrued Liabilities	37,469	21,599
Advance from Customers	'	-7,540
Tax Payable	56,943	'
Other Liabilities	15,667	16,116
Net Cash Used in Operating Activities	-1,138,750	-292,717
Investing Activities	'	'
Capital Expenditures for Property, Plant, and Equipment	-6,127	-2,165
Net Cash Used in Investing Activities	-6,127	-2,165
Financing Activities	'	'
Proceeds from Issuance of Common Shares	1,369,500	'
Proceeds from Short-Term Borrowings	401,594	'
Proceeds from Borrowings on Debt-Related Parties	229,535	235,772
Payments on Short-Term Borrowings-Related Parties	-475,790	'
Principal Payments on Long-Term Debt	-135,000	'
Net Cash Provided by Financing Activities	1,389,839	235,772
Net Effect of Exchange Rate Changes	-2,223	-394
Net increase (decrease) in cash and cash equivalents	242,739	-59,504
Cash at the beginning of the period	43,417	64,030
Cash at the end of the period	286,156	4,526
Cash paid during the period for:	'	'
Interest	'	'
Income Taxes	'	'
Noncash investing and financing activities:	'	'
Related party forgiveness of debt	473,665	547,863
Common shares issued to settle related party debt	2,030,000	'
Note issued to purchase assets from related party	$459,983	'

Description_of_Business

Description of Business	9 Months Ended
	Sep. 30, 2013
Description Of Business [Abstract]	'
Description of Business	'
	Note 1 - Description of Business
	Experience Art and Design, Inc. (the “Company”), a Nevada corporation, whose principal purpose is to produce, market and sale works of art.
	Reverse Acquisition
	On May 7, 2013, the Company completed the acquisition of all of the assets of Chiurazzi Internazionale S.r.l. (“Chiurazzi Srl”) pursuant to the terms of the purchase agreement with CI Holdings, Inc.  The Company acquired Chiurazzi Srl, with Chiurazzi Srl continuing as the accounting acquirer and becoming a wholly-owned subsidiary of the Company.  In connection with the acquisition, 9,700,000 common shares were issued to acquire 100% of the assets, liabilities, and equity of Chiurazzi Srl.  The Company also assumed a secured note payable to Chiurazzi International, LLC for $2,540,000 in conjunction with the acquisition.  At the closing of the purchase transaction, we cancelled 23,000,000 shares of restricted common stock held by Arthur John Carter, our President prior to the purchase transaction.
	The acquisition was accounted for as a reverse acquisition and Chiurazzi Srl was deemed to be the accounting acquirer in the acquisition.  The Company’s assets and liabilities were recorded at their fair value.  Chiurazzi’s assets and liabilities were carried forward at their historic costs.  The financial statements of Chiurazzi are presented as the continuing accounting entity since it is the acquirer for the purpose of applying purchase accounting.  The equity section of the balance sheet and earnings per share of Chiurazzi are retroactively restated to reflect the effect of the exchange ratio established in the Company.
	Pro forma results of operations for the nine months ended September 30, 2013 and 2012, as though this acquisition had taken place at the beginning of each period, are as follows.  The pro forma results are not necessarily indicative of what actually would have occurred had the acquisition been in effect for the entire period presented.
			Nine Months Ended September 30,
			2013		2012
	Revenues	$	450,325	$	156,535
	Net loss	$	-1,542,304	$	-325,585
	Loss per common share – basic and diluted	$	-0.09	$	-0.03
	Weighted average common shares outstanding – basic and diluted		17,410,788		9,700,000

Basis_of_Presentation_and_Summ

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Basis Of Presentation And Significant Accounting Policies [Abstract]	'
Basis of Presentation and Summary of Significant Accounting Policies	'
	Note 2 - Basis of Presentation and Summary of Significant Accounting Policies
	The accompanying unaudited consolidated financial statement have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”), regarding interim financial reporting.  Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations.  As such, the information included in this quarterly report on Form 10-Q should be read in conjunction with recent company filings with the SEC.
	The consolidated financial statements include the accounts of Chiurazzi Internazionale S.r.l.  All intercompany balances and transactions have been eliminated.
	The accompanying unaudited consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full year ending December 31, 2013.
	Management's Estimates and Assumptions
	The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses.  Actual results could differ from these estimates.
	Cash and Equivalents
	The Company’s cash and cash equivalents consist of cash, as well as interest and non-interest bearing balances due from banks both foreign and domestic with an original maturity of three months or less.  Amounts in depository accounts fluctuate on a daily basis due to activity and liquidity needs.  It is the Company’s policy not to deposit large sums of cash within foreign operational deposit accounts due to financial instability in the region and the Company fund operations on a as need basis.  The Company maintains cash in bank deposit accounts domestically, which at times may exceed the federally insured limits throughout the course of operations.
	Accounts Receivable
	Accounts receivable consist primarily of trade receivables, net of a valuation allowance for doubtful accounts.
	The Company attempts to limit its exposure to losses on accounts receivable by monitoring the size and economic strength of its receivables, and whenever appropriate reflect a reserve for accounts that have been deemed potentially uncollectable.  Monitoring occurs on a regular basis and exposure is limited by the vetting process for customers.
	Allowance for Doubtful Accounts
	The Company extends credit to customers and other parties in the normal course of business.  The Company regularly reviews outstanding receivables and provides for estimated losses through an allowance for doubtful accounts.  In evaluating the level of established reserves, the Company makes judgments regarding its customers' ability to make required payments, economic events and other factors.  As the financial condition of these parties change, circumstances develop or additional information becomes available, adjustments to the allowance for doubtful accounts may be required.  When the Company determines that a customer may not be able to make required payments, the Company increases the allowance through a charge to income in the period in which that determination is made.  At September 30, 2013 and December 31, 2012, the allowance for doubtful accounts was $77,115 and $108,413, respectively.
	Inventories
	Inventories are valued at the cost of acquisition, cost of production, and (or) deemed market value and are subsequently subject to lower of cost or market accounting on a nonrecurring basis.  The cost of acquisition includes any costs directly attributable to the acquired inventory.  Costs of physical production includes an allocation of raw materials, labor, and overhead allocated based on the estimated hours required to produce finished goods available for sale.  Periodically management reviews the existing finished inventory and determines if any impairment (write down) is required.  The fair value of finished inventory held-for-sale is generally based on estimated market prices from an independently prepared appraisal, an independent art broker opinion, or management’s judgment as to the selling price of similar works of art.  For these finished works of art, the Company obtains fair value measurements from both internal experts regularly available and well versed in such works of art and independent experts as the need arises.
	Property, Plant and Equipment
	The Company accounts for property, plant and equipment at historical cost less accumulated depreciation.  Historical cost includes all expenditures that are directly attributable to the acquisition of fixed assets.  Subsequent costs are included in the asset's carrying amount and are recognized as a separate asset, as appropriate, only when there is the probability of future economic benefits.  All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred.  Depreciation is calculated using the straight-line method to allocate their cost to their residual values over their estimated useful lives, as follows:
	Plant and machinery                                                       10 to 20 years
	Furniture and fixtures                                                     10 to 17 years
	Specific equipment and collection of moulds                 20 years
	The assets' residual values and useful lives are reviewed, and adjusted as appropriate at least once a year.  An asset's carrying amount is written down immediately to its recoverable amount if the asset's carrying amount is greater than its estimated recoverable amount.  Gains and losses on disposals are determined by comparing proceeds with carrying amount.
	Intangibles
	Intangible assets consist primarily of a trademark which was acquired in the third quarter of 2013 from a related-party CI Holdings, Inc.  Purchased intangible assets with indefinite useful lives are not amortized but are tested for impairment as least annually.
	Revenue Recognition
	Revenue is recognized when the earning process is completed, the risks and rewards of ownership have transferred to the customer, which is generally the same day as delivery or shipment of the product, the price to the buyer is fixed or determinable, and collection is reasonably assured.  Taxes assessed by a governmental authority that are incurred as a result of a revenue transaction are not included in revenues.  The Company has no significant sales returns or allowances.
	Income Taxes
	The Company is a taxable entity and recognizes deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis.  Deferred tax assets and liabilities are measured using enacted tax rates expected to be in effect when the temporary differences reverse.  The effect on the deferred tax assets and liabilities of a change in tax rates is recognized in income in the year that includes the enactment date of the rate change.  A valuation allowance is used to reduce deferred tax assets to the amount that is more likely than not to be realized.  Interest and penalties associated with income taxes are included in selling, general and administrative expense.
	A tax benefit from an uncertain position may be recognized if it is "more likely than not" that the position is sustainable, based upon its technical merits.  The tax benefit of a qualifying position is the largest amount of tax benefit that is greater than 50 percent likely of being realized upon ultimate settlement with a taxing authority having full knowledge of all relevant information.  As of September 30, 2013, the Company had not recorded any tax benefits from uncertain tax positions.
	Net Income (Loss) Per Common Share
	The basic net income (loss) per common share is computed by dividing the net income (loss) by the weighted average number of shares outstanding during a period.  Diluted net income (loss) per common share is computed by dividing the net income (loss), adjusted on an as if converted basis, by the weighted average number of common shares outstanding plus potential dilutive securities.  No dilutive securities were outstanding as of September 30, 2013 and 2012.
	Stock-Based Compensation
	The Company sometimes grants shares of stock for goods and services and in conjunction with certain agreements.  These grants are accounted for based on the grant date fair values.
	Foreign Currency Translation
	The functional currency of the Company’s subsidiary outside of the United States is its respective local currency.  The translation from the applicable foreign currency to US dollars is performed for the balance sheet accounts using the exchange rates in effect at the balance sheet date and for revenue and expense accounts using a weighted average exchange rate for the period.  The resulting translation adjustments are recorded as a component of Accumulated Other Comprehensive Income (Loss).  As of September 30, 2013, the aggregate foreign currency translation gain was $20,646.
	Subsequent Events
	The Company has evaluated all transactions from September 30, 2013 through the financial statement issuance date for subsequent event disclosure consideration and there are no reportable events.
	New Accounting Pronouncements
	There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our consolidated financial position, operations or cash flows.

Going_Concern_and_Liquidity_Co

Going Concern and Liquidity Considerations	9 Months Ended
	Sep. 30, 2013
Going Concern And Liquidity Considerations [Abstract]	'
Going Concern and Liquidity Considerations	'
	Note 3 - Going Concern and Liquidity Considerations
	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. For the nine months ended September 30, 2013, the Company has a loss from operations of $1,527,997 and had an accumulated deficit of $2,759,891 as of September 30, 2013.  The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending December 31, 2013.
	These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]	'
Inventories	'
	Note 4 - Inventories
	Inventories consisted of the following:
			September 30,		31-Dec-12
			2013
	Raw materials and consumables	$	8,906	$	3,827
	Semi-finished goods		65,569		70,576
	Finished products		1,207,287		651,171
	Total	$	1,281,762	$	725,574

Property_Plant_and_Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment	'
	Note 5 - Property, Plant and Equipment
	Property, plant and equipment consisted of the following:
			September 30,		December 31,
			2013		2012
	Plant and machinery	$	85,543	$	77,465
	Furniture and fixtures		5,980		5,845
	Specific equipment and collection of moulds		1,595,360		1,559,370
	Property, plant and equipment, at cost		1,686,883		1,642,680
	Accumulated depreciation		-241,364		-172,884
	Total, net	$	1,445,519	$	1,469,796

Intangibles

Intangibles	9 Months Ended
	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Intangibles	'
	Note 6 - Intangibles
	Intangibles consisted of the following:
			September 30,		December 31,
			2013		2012
	Trade mark	$	250,000	$	-
	Others		9,329		9,118
	Intangibles, at cost		259,329		9,118
	Accumulated amortization		-1,037		-1,013
	Total, net	$	258,292	$	8,105

ShortTerm_Borrowings_Related_P

Short-Term Borrowings- Related Party	9 Months Ended
	Sep. 30, 2013
Debt, Current [Abstract]	'
Short-Term Borrowings- Related Party	'
	Note 7 - Short-Term Borrowings- Related Party
	The Company has a credit arrangement with CI Holdings, Inc., a related-party, which has been used to fund their ongoing operations in the interim until permanent financing can be arranged.  At September 30, 2013, the total amount borrowed from CI Holdings, Inc. was $264,456 in a non-interest bearing arrangements.

LongTerm_Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2013
Long-term Debt, Current and Noncurrent [Abstract]	'
Long-Term Debt	'
	Note 8 - Long-Term Debt
	The Company assumed responsibility for the purchase arrangement between CI Holdings, Inc. and Chiurazzi International, LLC to gain control of Chiurazzi Internazionale S.R.L.  On May 7, 2013, in connection with the merger of Chiurazzi Internazionale S.r.l., the Company assumed the secured note payable to Chiurazzi International, LLC, with an outstanding principal balance of $2,540,000 and accrued interest of $126,437.  On May 30, 2013, the note was amended to modify the payment terms and an additional $50,000 was added to the outstanding principal balance.  Then on July 24, 2013, the note payable was modified for a third time which reduced the outstanding principal balance by $1,272,500 and modified the payment terms.  The following schedule of payments is based on the modified terms:
	2013 Payments                        $250,000
	2014 Payments                        $480,000
	2015 Payments                        $480,000
	2016 Payments                        $40,000 + accumulated accrued interest
	On September 30, 2013, the outstanding principal balance of the secured promissory note was $1,132,500 with $190,740 of accrued interest.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Note 9 - Income Taxes
	The Company has a foreign consolidated affiliate that is taxed as a separate entity in its “functional currency” at their local applicable tax rates.  The deferred tax obligations and credits reported within the consolidated financial statements are due to the affiliate's ongoing operation and were assumed in their acquisition this year.
	During 2013, The Company has been operating at a net operational loss the federal tax rates on income range 15% to 35% stagger at different income brackets.  Since the Company had a net operation loss, no tax provision for U.S. tax purposes was deemed necessary at this time.
	Chiurazzi Srl is governed by Italian tax law and is generally subject to tax at a statutory rate of 27.5% on income reported in the statutory financial statements after appropriate tax adjustments. Under Italian tax law, companies that can be considered ‘dormant’ will have to pay 38% corporate income tax (IRES) tax rate applied to a notional income amount. The minimum tax for dormant company is calculated based on certain percentage of its assets. Companies are considered as “dormant” when their ordinary revenues and inventories increasing included in the statement of operations are lower than the ones deriving from certain percentages of its assets. An entity is also considered to be dormant in a fiscal year if it has had tax losses in the three previous years. Chiurazzi Srl has losses since its inception in 2010 and has accrued a minimum tax of $56,943 for the nine months ended September 30, 2013.
	The components of the income tax provision (benefit) for each of the periods presented below are as follows:
			Nine Months Ended September 30,
			2013		2012
	Current	$	56,943	$	–
	Deferred		–		–
	Total	$	56,943	$	–

Employee_Termination_Indemniti

Employee Termination Indemnities	9 Months Ended
	Sep. 30, 2013
Employee Termination Indemnities [Abstract]	'
Employee Termination Indemnities	'
	Note 10 – Employee Termination Indemnities
	Upon dismissal for any reason, employees in Italy are entitled to the “Trattamento di Fine Rapporto” (“TFR”). TFR is deferred compensation that accrues year by year in favor of an employee and is paid upon termination, but is not connected or subject to the circumstances regarding termination. TFR must be contributed by employers to complementary funds (with the exception of employees who have opted out of such allocation) or to a governmental fund established specifically in order to manage TFR accruals. Annual TFR accruals are calculated on the basis of an employee’s salary. Accrued TFR was $54,025 and $37,081 as of September 30, 2013 and December 31, 2012, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Note 11 – Commitments and Contingencies
	The Company leases the foundry and office space under non-cancelable lease agreements. The leases generally provide that we pay the taxes, insurance and maintenance expenses related to the leased assets. Future minimum lease payments for non-cancelable operating leases as of September 30, 2013, were as follows:
	2013	$	13,993
	2014		55,973
	2015		57,595
	2016		59,218
	Future minimum lease payments	$	186,779

Equity

Equity	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Equity	'
	Note 12 - Equity
	During the nine months ended September 30, 2013, the Company issued 1,075,600 common shares for $1,344,500 cash. The Company also received cash of $25,000 for the subscription of 20,000 common shares, which have not yet been issued.
	In connection with the acquisition transaction with the Company, CI Holdings forgave a total of $473,665 of short-term borrowings.
	On August 30, 2013, the Company issued 700,000 common shares to Chiurazzi International, LLC to settle $1,272,500 of note payable. These shares were valued at $2,030,000 based on the market price on the settlement date. The Company recorded a loss on settlement of $757,500 related to this settlement.

RelatedParty_Transactions

Related-Party Transactions	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 13 - Related Party Transactions
	During the nine months ended September 30, 2013, the Company purchased trademark and finished goods from CI Holdings, Inc. for $459,983. The purchase was made through a credit arrangement with CI Holdings, Inc. discussed in Note 7.
	As of September 30, 2013, the Company has a payable of $20,280 to an officer of Chiurazzi Srl for amounts advanced to the Company. As of September 30, 2013, the Company also has a $18,150 advance from CI Holdings, Inc.

Subsequent_Event

Subsequent Event	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Event	'
	Note 14 - Subsequent Event
	Subsequent to September 30, 2013, the Company received cash of $205,000 for the subscription of 164,000 shares of common shares in a private offering of securities. The Company has issued 60,000 of the 164,000 shares. Such shares have not been registered under federal or state securities laws, are restricted and may be sold only pursuant to registration or exemptions thereunder.

Basis_of_Presentation_and_Summ1

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Basis Of Presentation And Significant Accounting Policies [Abstract]	'
Management's Estimates and Assumptions	'
	Management's Estimates and Assumptions
	The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses.  Actual results could differ from these estimates.
Cash and Equivalents	'
	Cash and Equivalents
	The Company’s cash and cash equivalents consist of cash, as well as interest and non-interest bearing balances due from banks both foreign and domestic with an original maturity of three months or less.  Amounts in depository accounts fluctuate on a daily basis due to activity and liquidity needs.  It is the Company’s policy not to deposit large sums of cash within foreign operational deposit accounts due to financial instability in the region and the Company fund operations on a as need basis.  The Company maintains cash in bank deposit accounts domestically, which at times may exceed the federally insured limits throughout the course of operations.
Accounts Receivable	'
	Accounts Receivable
	Accounts receivable consist primarily of trade receivables, net of a valuation allowance for doubtful accounts.
	The Company attempts to limit its exposure to losses on accounts receivable by monitoring the size and economic strength of its receivables, and whenever appropriate reflect a reserve for accounts that have been deemed potentially uncollectable.  Monitoring occurs on a regular basis and exposure is limited by the vetting process for customers.
Allowance for Doubtful Accounts	'
	Allowance for Doubtful Accounts
	The Company extends credit to customers and other parties in the normal course of business.  The Company regularly reviews outstanding receivables and provides for estimated losses through an allowance for doubtful accounts.  In evaluating the level of established reserves, the Company makes judgments regarding its customers' ability to make required payments, economic events and other factors.  As the financial condition of these parties change, circumstances develop or additional information becomes available, adjustments to the allowance for doubtful accounts may be required.  When the Company determines that a customer may not be able to make required payments, the Company increases the allowance through a charge to income in the period in which that determination is made.  At September 30, 2013 and December 31, 2012, the allowance for doubtful accounts was $77,115 and $108,413, respectively.
Inventories	'
	Inventories
	Inventories are valued at the cost of acquisition, cost of production, and (or) deemed market value and are subsequently subject to lower of cost or market accounting on a nonrecurring basis.  The cost of acquisition includes any costs directly attributable to the acquired inventory.  Costs of physical production includes an allocation of raw materials, labor, and overhead allocated based on the estimated hours required to produce finished goods available for sale.  Periodically management reviews the existing finished inventory and determines if any impairment (write down) is required.  The fair value of finished inventory held-for-sale is generally based on estimated market prices from an independently prepared appraisal, an independent art broker opinion, or management’s judgment as to the selling price of similar works of art.  For these finished works of art, the Company obtains fair value measurements from both internal experts regularly available and well versed in such works of art and independent experts as the need arises.
Property, Plant and Equipment	'
	Property, Plant and Equipment
	The Company accounts for property, plant and equipment at historical cost less accumulated depreciation.  Historical cost includes all expenditures that are directly attributable to the acquisition of fixed assets.  Subsequent costs are included in the asset's carrying amount and are recognized as a separate asset, as appropriate, only when there is the probability of future economic benefits.  All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred.  Depreciation is calculated using the straight-line method to allocate their cost to their residual values over their estimated useful lives, as follows:
	Plant and machinery                                                       10 to 20 years
	Furniture and fixtures                                                     10 to 17 years
	Specific equipment and collection of moulds                 20 years
	The assets' residual values and useful lives are reviewed, and adjusted as appropriate at least once a year.  An asset's carrying amount is written down immediately to its recoverable amount if the asset's carrying amount is greater than its estimated recoverable amount.  Gains and losses on disposals are determined by comparing proceeds with carrying amount.
Intangibles	'
	Intangibles
	Intangible assets consist primarily of a trademark which was acquired in the third quarter of 2013 from a related-party CI Holdings, Inc.  Purchased intangible assets with indefinite useful lives are not amortized but are tested for impairment as least annually.
Revenue Recognition	'
	Revenue Recognition
	Revenue is recognized when the earning process is completed, the risks and rewards of ownership have transferred to the customer, which is generally the same day as delivery or shipment of the product, the price to the buyer is fixed or determinable, and collection is reasonably assured.  Taxes assessed by a governmental authority that are incurred as a result of a revenue transaction are not included in revenues.  The Company has no significant sales returns or allowances.
Income Taxes	'
	Income Taxes
	The Company is a taxable entity and recognizes deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis.  Deferred tax assets and liabilities are measured using enacted tax rates expected to be in effect when the temporary differences reverse.  The effect on the deferred tax assets and liabilities of a change in tax rates is recognized in income in the year that includes the enactment date of the rate change.  A valuation allowance is used to reduce deferred tax assets to the amount that is more likely than not to be realized.  Interest and penalties associated with income taxes are included in selling, general and administrative expense.
	A tax benefit from an uncertain position may be recognized if it is "more likely than not" that the position is sustainable, based upon its technical merits.  The tax benefit of a qualifying position is the largest amount of tax benefit that is greater than 50 percent likely of being realized upon ultimate settlement with a taxing authority having full knowledge of all relevant information.  As of September 30, 2013, the Company had not recorded any tax benefits from uncertain tax positions.
Net Income (Loss) Per Common Share	'
	Net Income (Loss) Per Common Share
	The basic net income (loss) per common share is computed by dividing the net income (loss) by the weighted average number of shares outstanding during a period.  Diluted net income (loss) per common share is computed by dividing the net income (loss), adjusted on an as if converted basis, by the weighted average number of common shares outstanding plus potential dilutive securities.  No dilutive securities were outstanding as of September 30, 2013 and 2012.
Stock-Based Compensation	'
	Stock-Based Compensation
	The Company sometimes grants shares of stock for goods and services and in conjunction with certain agreements.  These grants are accounted for based on the grant date fair values.
Foreign Currency Translation	'
	Foreign Currency Translation
	The functional currency of the Company’s subsidiary outside of the United States is its respective local currency.  The translation from the applicable foreign currency to US dollars is performed for the balance sheet accounts using the exchange rates in effect at the balance sheet date and for revenue and expense accounts using a weighted average exchange rate for the period.  The resulting translation adjustments are recorded as a component of Accumulated Other Comprehensive Income (Loss).  As of September 30, 2013, the aggregate foreign currency translation gain was $20,646.
Subsequent Events	'
	Subsequent Events
	The Company has evaluated all transactions from September 30, 2013 through the financial statement issuance date for subsequent event disclosure consideration and there are no reportable events.
New Accounting Pronouncements	'
	New Accounting Pronouncements
	There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our consolidated financial position, operations or cash flows.

Description_of_Business_Tables

Description of Business (Tables)	9 Months Ended
	Sep. 30, 2013
Description Of Business [Abstract]	'
Schedule of results of operations	'
			Nine Months Ended September 30,
			2013		2012
	Revenues	$	450,325	$	156,535
	Net loss	$	-1,542,304	$	-325,585
	Loss per common share – basic and diluted	$	-0.09	$	-0.03
	Weighted average common shares outstanding – basic and diluted		17,410,788		9,700,000

Basis_of_Presentation_and_Summ2

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2013
Basis Of Presentation And Significant Accounting Policies [Abstract]	'
Schedule of property, plant and Equipment estimated useful lives	'
	Plant and machinery                                                       10 to 20 years
	Furniture and fixtures                                                     10 to 17 years
	Specific equipment and collection of moulds                 20 years

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]	'
Schedule of inventories	'
			September 30,		31-Dec-12
			2013
	Raw materials and consumables	$	8,906	$	3,827
	Semi-finished goods		65,569		70,576
	Finished products		1,207,287		651,171
	Total	$	1,281,762	$	725,574

Property_Plant_and_Equipment_T

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2013
Property, Plant and Equipment [Abstract]	'
Schedule of property, plant and equipment	'
			September 30,		December 31,
			2013		2012
	Plant and machinery	$	85,543	$	77,465
	Furniture and fixtures		5,980		5,845
	Specific equipment and collection of moulds		1,595,360		1,559,370
	Property, plant and equipment, at cost		1,686,883		1,642,680
	Accumulated depreciation		-241,364		-172,884
	Total, net	$	1,445,519	$	1,469,796

Intangibles_Tables

Intangibles (Tables)	9 Months Ended
	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of intangibles	'
			September 30,		December 31,
			2013		2012
	Trade mark	$	250,000	$	-
	Others		9,329		9,118
	Intangibles, at cost		259,329		9,118
	Accumulated amortization		-1,037		-1,013
	Total, net	$	258,292	$	8,105

LongTerm_Debt_Tables

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2013
Long-term Debt, Current and Noncurrent [Abstract]	'
Schedule of payments	'
	2013 Payments                        $250,000
	2014 Payments                        $480,000
	2015 Payments                        $480,000
	2016 Payments                        $40,000 + accumulated accrued interest

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'
Schedule of components of the income tax provision (benefit)	'
			Nine Months Ended September 30,
			2013		2012
	Current	$	56,943	$	–
	Deferred		–		–
	Total	$	56,943	$	–

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of future minimum lease payments detail	'
	2013	$	13,993
	2014		55,973
	2015		57,595
	2016		59,218
	Future minimum lease payments	$	186,779

Description_of_Business_Detail

Description of Business (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Description Of Business [Abstract]	'	'
Revenues	$450,325	$156,535
Net loss	($1,542,304)	($325,585)
Loss per common share - basic and diluted (in dollars per share)	($0.09)	($0.03)
Weighted average common shares outstanding - basic and diluted (in shares)	17,410,788	9,700,000

Description_of_Business_Detail1

Description of Business (Detail Textuals) (Reverse Merger, USD $)	0 Months Ended
	7-May-13
Chiurazzi Srl	'
Business Acquisition [Line Items]	'
Number of shares issued to acquire (in shares)	9,700,000
Ownership percentage to acquire	100.00%
Chiurazzi International, LLC	'
Business Acquisition [Line Items]	'
Secured note payable assumed in conjunction with acquisition	2,540,000
Chiurazzi International, LLC | Arthur John Carter	'
Business Acquisition [Line Items]	'
Number of restricted shares cancelled (in shares)	23,000,000

Basis_of_Presentation_and_Summ3

Basis of Presentation and Summary of Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2013
Plant and machinery	'
Property, Plant and Equipment [Line Items]	'
Estimated Useful Lives	'10 to 20 years
Furniture and fixtures	'
Property, Plant and Equipment [Line Items]	'
Estimated Useful Lives	'10 to 17 years
Specific equipment and collection of moulds	'
Property, Plant and Equipment [Line Items]	'
Estimated Useful Lives	'20 years

Basis_of_Presentation_and_Summ4

Basis of Presentation and Summary of Significant Accounting Policies (Detail Textuals) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Basis Of Presentation And Significant Accounting Policies [Abstract]	'	'
Allowance for doubtful accounts	$77,115	$108,413
Aggregate foreign currency translation gain	$20,646	($29,879)
Likelihood income tax rate	'greater than 50 percent	'

Going_Concern_and_Liquidity_Co1

Going Concern and Liquidity Considerations (Detail Textuals) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Going Concern And Liquidity Considerations [Abstract]	'	'	'	'	'
Loss from operations	($1,208,365)	($86,967)	($1,527,997)	($265,469)	'
Accumulated Deficit	($2,759,891)	'	($2,759,891)	'	($1,231,894)

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Inventory Disclosure [Abstract]	'	'
Raw materials and consumables	$8,906	$3,827
Semi-finished goods	65,569	70,576
Finished products	1,207,287	651,171
Total	$1,281,762	$725,574

Property_Plant_and_Equipment_D

Property, Plant and Equipment (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]	'	'
Property, plant and equipment, at cost	$1,686,883	$1,642,680
Accumulated depreciation	-241,364	-172,884
Total, net	1,445,519	1,469,796
Plant and machinery	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, plant and equipment, at cost	85,543	77,465
Furniture and fixtures	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, plant and equipment, at cost	5,980	5,845
Specific equipment and collection of moulds	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, plant and equipment, at cost	$1,595,360	$1,559,370

Intangibles_Details

Intangibles (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]	'	'
Intangibles, at cost	$259,329	$9,118
Accumulated amortization	-1,037	-1,013
Total, net	258,292	8,105
Trade mark	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangibles, at cost	250,000	'
Others	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangibles, at cost	$9,329	$9,118

ShortTerm_Borrowings_Related_P1

Short-Term Borrowings- Related Party (Detail Textuals) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Short-term Debt [Line Items]	'	'
Amount of short term debt due to related party	$264,456	$317,472
CI Holdings, Inc	'	'
Short-term Debt [Line Items]	'	'
Amount of short term debt due to related party	$264,456	'

LongTerm_Debt_Details

Long-Term Debt (Details) (USD $)	Sep. 30, 2013
Long-term Debt, Current and Noncurrent [Abstract]	'
2013 Payments	$250,000
2014 Payments	480,000
2015 Payments	480,000
2016 Payments + accumulated accrued interest	$40,000

LongTerm_Debt_Detail_Textuals

Long-Term Debt (Detail Textuals) (Secured note payable, USD $)	1 Months Ended
	Jul. 24, 2013	30-May-13	Sep. 30, 2013	7-May-13
Secured note payable	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Outstanding principal balance	'	'	$1,132,500	$2,540,000
Accrued interest	'	'	190,740	126,437
Additional borrowings	'	50,000	'	'
Adjustment to secured notes payable	$1,272,500	'	'	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012
Income Tax Disclosure [Abstract]	'	'	'
Current	'	$56,943	'
Deferred	'	'	'
Total	$27,418	$56,943	'

Income_Taxes_Detail_Textuals

Income Taxes (Detail Textuals) (USD $)	9 Months Ended
	Sep. 30, 2013
Income Tax [Line Items]	'
Statutory tax rate	27.50%
Corporate income tax rate	38.00%
Accrued taxes	$56,943
Minimum	'
Income Tax [Line Items]	'
Federal tax rates on income	15.00%
Maximum	'
Income Tax [Line Items]	'
Federal tax rates on income	35.00%

Employee_Termination_Indemniti1

Employee Termination Indemnities (Detail Textuals) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Employee Termination Indemnities [Abstract]	'	'
Accrued TFR	$54,025	$37,081

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
2013	$13,993
2014	55,973
2015	57,595
2016	59,218
Future minimum lease payments	$186,779

Equity_Detail_Textuals

Equity (Detail Textuals) (USD $)	3 Months Ended	9 Months Ended			1 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Aug. 30, 2013	Aug. 30, 2013
			CI Holdings, Inc	Common Stock	Chiurazzi International, LLC	Chiurazzi International, LLC
						Common Stock
Stockholders Equity Note [Line Items]	'	'	'	'	'	'
Proceeds from subscription	'	'	'	$25,000	'	'
Shares subscribed but unissued	'	'	'	20,000	'	'
Forgiveness of short-term borrowings	'	'	473,665	'	'	'
Shares issued to settle debt (in shares)	'	'	'	'	'	700,000
Adjustment to secured notes payable	'	'	'	'	1,272,500	'
Shares issued to settle debt	'	2,030,000	'	'	2,030,000	'
Loss on settlement of note payable	757,500	757,500	'	'	757,500	'
Shares issued for cash	'	$1,344,500	'	$1,344,500	'	'
Shares issued for cash (in shares)	'	'	'	1,075,600	'	'

Related_Party_Transactions_Det

Related Party Transactions (Detail Textuals) (USD $)	9 Months Ended
	Sep. 30, 2013
Short-term Debt [Line Items]	'
Due to Related Party	$38,430
CI Holdings, Inc	'
Short-term Debt [Line Items]	'
Due to Related Party	18,150
Chiurazzi Srl | Officer of Chiurazzi Srl	'
Short-term Debt [Line Items]	'
Due to Related Party	20,280
Credit arrangement | CI Holdings, Inc	'
Short-term Debt [Line Items]	'
Purchase of trademark and finished goods from related party	$459,983

Subsequent_Event_Detail_Textua

Subsequent Event (Detail Textuals) (Subsequent Event, USD $)	0 Months Ended
	Nov. 12, 2013
Subsequent Event	'
Subsequent Event [Line Items]	'
Proceeds from subscription	$205,000
Unregistered common shares in private offering of securities (in shares)	164,000
Shares issued for cash (in shares)	60,000