Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Mar. 30, 2015 | Jun. 30, 2014 | |
Document And Entity Information [Abstract] | |||
Entity Registrant Name | RedStone Literary Agents, Inc. | ||
Entity Central Index Key | 1515139 | ||
Trading Symbol | rdla | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Current Fiscal Year End Date | -19 | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Common Stock, Shares Outstanding | 6,000,000 | ||
Entity Public Float | $15,000,000 | ||
Document Type | 10-K | ||
Document Period End Date | 31-Dec-14 | ||
Amendment Flag | FALSE | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY |
Balance_Sheets
Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Current Assets | ||
Cash and cash equivalents | $4,663 | $23,665 |
Total Current Assets | 4,663 | 23,665 |
Total Assets | 4,663 | 23,665 |
Current Liabilities | ||
Accounts payable and accrued expenses | 6,598 | 100 |
Loan payable | 10,614 | |
Loan payable - related party | 9,527 | |
Total Current Liabilities | 17,212 | 9,627 |
Total Liabilities | 17,212 | 9,627 |
Stockholders' Equity (Deficit) | ||
Common stock, $0.001 par value, 75,000,000 shares authorized; 6,000,000 shares issued and outstanding: | 6,000 | 6,000 |
Additional paid-in-capital | 63,717 | 54,000 |
Deficit accumulated during the development stage | -82,266 | -45,962 |
Total Stockholders' Equity (Deficit) | -12,549 | 14,038 |
Total Liabilities and Stockholders' Equity (Deficit) | $4,663 | $23,665 |
Balance_Sheets_Parentheticals
Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Statement of Financial Position [Abstract] | ||
Common stock, par value (in dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 6,000,000 | 6,000,000 |
Common stock, shares outstanding | 6,000,000 | 6,000,000 |
Statement_of_Operations
Statement of Operations (USD $) | 12 Months Ended | 53 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | ||
Income Statement [Abstract] | ||||
Revenue | $11,150 | |||
General and administrative expenses | ||||
Bank charges and interest | 857 | 570 | 2,156 | |
Consulting fees | 3,836 | 1,200 | 16,216 | |
Professional fees | 14,247 | 7,750 | 39,447 | |
Filing and transfer fees | 17,364 | 8,656 | 26,020 | |
Office expenses | 414 | 9,577 | ||
Total general and administrative expenses | 36,304 | 18,590 | 93,416 | |
Net loss from operations | -36,304 | -18,590 | -82,266 | |
Provision for taxes | ||||
Net loss | ($36,304) | ($18,590) | ($82,266) | |
Loss per common share - Basic and diluted (in dollars per share) | ($0.01) | $0 | [1] | |
Weighted average number of common shares outstanding, basic and diluted (in shares) | 6,000,000 | 6,000,000 | ||
[1] | Denotes a loss of less than $(0.01) per share. |
Statement_of_Changes_in_Stockh
Statement of Changes in Stockholders' Equity (Deficit) (USD $) | Common Stock | Additional Paid-in Capital | Total Capital Stock | Deficit Accumulated During the Development Stage | Total |
Balance at Jul. 20, 2010 | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Shares issued for cash at $0.005 on July 20, 2010 and $0.015 on January 27, 2012 respectively | $3,000 | $12,000 | $15,000 | $15,000 | |
Shares issued for cash at $0.005 on July 20, 2010 and $0.015 on January 27, 2012 respectively (in shares) | 3,000,000 | ||||
Share subscription receivable | -5,000 | -5,000 | |||
Net loss for the year | -770 | -770 | |||
Balance at Dec. 31, 2010 | 3,000 | 12,000 | 10,000 | -770 | 9,230 |
Balance (in shares) at Dec. 31, 2010 | 3,000,000 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net loss for the year | -13,310 | -13,310 | |||
Balance at Dec. 31, 2011 | 3,000 | 12,000 | 10,000 | -14,080 | -4,080 |
Balance (in shares) at Dec. 31, 2011 | 3,000,000 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Shares issued for cash at $0.005 on July 20, 2010 and $0.015 on January 27, 2012 respectively | 3,000 | 42,000 | 45,000 | 45,000 | |
Shares issued for cash at $0.005 on July 20, 2010 and $0.015 on January 27, 2012 respectively (in shares) | 3,000,000 | ||||
Share subscription received | 5,000 | 5,000 | |||
Net loss for the year | -13,292 | -13,292 | |||
Balance at Dec. 31, 2012 | 6,000 | 54,000 | 60,000 | -27,372 | 32,628 |
Balance (in shares) at Dec. 31, 2012 | 6,000,000 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net loss for the year | -18,590 | -18,590 | |||
Balance at Dec. 31, 2013 | 6,000 | 54,000 | 60,000 | -45,962 | 14,038 |
Balance (in shares) at Dec. 31, 2013 | 6,000,000 | 6,000,000 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Debt forgiveness - related party | 9,717 | 9,717 | 9,717 | ||
Net loss for the year | -36,304 | -36,304 | |||
Balance at Dec. 31, 2014 | $6,000 | $63,717 | $69,717 | ($82,266) | ($12,549) |
Balance (in shares) at Dec. 31, 2014 | 6,000,000 | 6,000,000 |
Statement_of_Changes_in_Stockh1
Statement of Changes in Stockholders' Equity (Deficit) (Parentheticals) (USD $) | 6 Months Ended | 12 Months Ended |
Dec. 31, 2010 | Dec. 31, 2012 | |
Statement of Stockholders' Equity [Abstract] | ||
Common shares issued for cash, per share (in dollars per share) | $0.01 | $0.02 |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 12 Months Ended | 53 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | |
Cash derived from (used for) Operating activities | |||
Net loss for the period | ($36,304) | ($18,590) | ($82,266) |
Changes in operating assets and liabilities | |||
Accrued interest | 614 | 366 | 614 |
Accounts payable and accrued expenses | 6,498 | 100 | 6,598 |
Net cash (used in) operating activities | -29,192 | -18,124 | -75,054 |
Investing activities | |||
Net cash provided by (used in) investing activities | |||
Financing activities | |||
Proceeds from sale of common stock | 60,000 | ||
Proceeds from loan payable | 10,000 | 10,000 | |
Proceeds from loan payable-related party | 190 | 9,717 | |
Net cash provided by financing activities | 10,190 | 79,717 | |
Net changes in cash and equivalents | -19,002 | -18,124 | 4,663 |
Cash and equivalents at beginning of the period | 23,665 | 41,789 | |
Cash and equivalents at end of the period | 4,663 | 23,665 | 4,663 |
SUPPLEMENTAL CASH FLOW INFORMATION | |||
Cash paid in interest | |||
Cash paid for income taxes | |||
NON-CASH FINANCING TRANSACTIONS | |||
Gain on forgiveness of loan from former shareholder | $9,717 | $9,717 |
NATURE_AND_CONTINUANCE_OF_OPER
NATURE AND CONTINUANCE OF OPERATIONS | 12 Months Ended |
Dec. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE AND CONTINUANCE OF OPERATIONS | 1. NATURE AND CONTINUANCE OF OPERATIONS |
Redstone Literary Agents, Inc. (the "Company") was incorporated under the laws of State of Nevada, U.S. on July 20, 2010, with an authorized capital of 75,000,000 common shares, having a par value of $0.001 per share. The Company's year end is December 31. During the period ended December 31, 2010, the Company commenced operations by issuing shares and developing its publishing service business, focused on representing authors to publishers. | |
Effective August 28, 2014, Mary Wolf, the Company's sole director and officer, resigned as President, Secretary and Treasurer of the Company, and James P. Geiskopf was appointed as the Company's President, Secretary, Treasurer, and to its board of directors. | |
Also on August 28, 2014, pursuant to a transfer agreement dated for reference August 28, 2014, Ms. Wolf sold to Mr. Geiskopf, 3,000,000 shares of the Company's common stock, for total consideration of $20,000. Mr. Geiskopf paid the $20,000 purchase price for these shares using personal funds. Mr. Geiskopf holds approximately 50% of the Company's issued and outstanding common stock. | |
In November 2014, Ms. Wolf resigned as a director of the Company and the Company ceased pursuing the publishing service business and is now seeking new business opportunities with established business entities to effect a merger or other form of business combination with the Company. There can be no assurance, however, that the Company will be able to acquire the financing necessary to enable it to pursue its plan of operation and enter into such an agreement. | |
Going Concern | |
These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $82,266 as at December 31, 2014 and further losses are anticipated in the pursuit of a new business opportunity, raising substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and/or the private placement of common stock. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Basis of Presentation | |
The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. | |
Development Stage Company | |
The Company is a development stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification and among the additional disclosures required as a development stage company are that its financial statements were identified as those of a development stage company, and that the statements of operations, stockholders' deficit and cash flows disclosed activity since the date of its inception (July 20,2010) as a development stage company Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has not elected to early adopt these provisions and consequently these additional disclosures are included in these financial statements. | |
Use of Estimates and Assumptions | |
The preparation of 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. | |
The carrying value of cash and accounts payable and accrued liabilities approximates their fair value because of the short maturity of these instruments. Unless otherwise noted, it is management's opinion the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. | |
Cash and Cash Equivalents | |
For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. | |
Financial Instruments | |
Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. Accounting Standards Codification ("ASC") 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels: | |
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available. | |
Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. | |
Level 3: Significant unobservable inputs which reflect a reporting entity's own assumptions about the assumptions that market participants would use for pricing an asset or liability. For example, Level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method. | |
The recorded amounts of financial instruments, including cash, accounts payable and accrued expenses, loan payable and loan payable – related party, approximate their market values as of December 31, 2014 and 2013 due to the short term maturities of these financial instruments. | |
Impairment of Long-Lived Assets | |
The Company, when applicable, continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. | |
Income Taxes | |
The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. | |
At December 31, 2014 and 2013, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded. | |
Dividends | |
The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown. | |
Revenue Recognition | |
The Company recognizes revenue in accordance with Accounting Standards Codification No. 605, "Revenue Recognition" ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. | |
Advertising Costs | |
The Company's policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during the years ended December 31, 2014 and 2013. | |
Stock-based Compensation | |
The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. From inception to December 31, 2014, the Company did not issue any stock based compensation to any employees or non-employees. | |
Earnings per Share | |
The Company computes loss per share in accordance with ASC 105, "Earnings per Share" which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. | |
The Company had no potentially dilutive debt or equity instruments issued or outstanding during the years ended December 31, 2014 or 2013. | |
Recent Accounting Pronouncements | |
The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations other than in respect of the new regulations relating to Development Stage Entities as discussed above. |
LOAN_PAYABLE
LOAN PAYABLE | 12 Months Ended |
Dec. 31, 2014 | |
Loans Payable [Abstract] | |
LOAN PAYABLE | 3. LOAN PAYABLE |
As of December 31, 2014, the Company had a loan outstanding in the amount of $10,000. The loan bears simple interest at the rate of 1.5% per annum, compounded monthly, which is repayable on repayment of the loan. The loan is repayable on demand provided that such demand will be made no later than nine months from the date of advance of the loan. The Company has accrued interest of $614 as of December 31, 2014. |
RELATED_PARTY_TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2014 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | 4. RELATED PARTY TRANSACTIONS |
In support of the Company's efforts and cash requirements, it may rely on advances from stockholders until such time as the Company can support its operations through revenue generation, or attain adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by stockholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. | |
As of December 31, 2013, the Company had a loan outstanding with the Company's then principal stockholder in the amount of $9,527, bearing interest at the rate of 4% per annum. The Company's former principal stockholder advanced a further $190 to the Company during the year ended December 31, 2014, increasing the balance due and payable to her to $9,717. | |
Effective August 28, 2014, the Company's former director and principal stockholder forgave the balance of $9,717 due and payable to her by the Company. The gain arising on forgiveness of this liability has been recognized in additional paid in capital. | |
The Company's office premises are provided to it at no cost by its president, secretary, treasurer and sole director. The Company's sole director and officer did not take any fees for serving as director or officer during the year ended December 31, 2014. |
STOCKHOLDERS_EQUITY_DEFICIT
STOCKHOLDERS' EQUITY (DEFICIT) | 12 Months Ended |
Dec. 31, 2014 | |
Stockholders' Equity Note [Abstract] | |
STOCKHOLDERS' EQUITY (DEFICIT) | 5. STOCKHOLDERS' EQUITY (DEFICIT) |
Common Stock | |
The total number of shares of common stock authorized that may be issued by the Company is 75,000,000 shares, having a par value of one tenth of one cent ($0.001) per share. No other class of shares is authorized. | |
No shares of common stock were issued during the years ended December 31, 2014 and 2013. | |
As of December 31, 2014, the Company has issued 6,000,000 shares of common stock since Inception (July 20, 2010) for total cash proceeds of $60,000 | |
As at December 31, 2014, 6,000,000 shares of common stock were issued and outstanding. | |
Additional Paid in Capital | |
Effective August 28, 2014, the Company's former director and principal stockholder forgave the balance of $9,717 due and payable to her by the Company. The gain arising on forgiveness of this liability has been recognized in additional paid in capital. | |
Stock Options and Warrants | |
No stock options or warrants were issued or outstanding during the years ended December 31, 2014 or 2013. |
INCOME_TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2014 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | 6. INCOME TAXES |
As of December 31, 2014, the Company had net operating loss carry forwards of approximately $82,266 that may be available to reduce future years' taxable income through 2030. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and, accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. Following the change in ownership of the Company effective August 28, 2014, certain annual limits may apply to the use of these tax losses in future years. |
SUBSEQUENT_EVENT
SUBSEQUENT EVENT | 12 Months Ended |
Dec. 31, 2014 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENT | 7. SUBSEQUENT EVENT |
On February 26, 2015, the Company entered into a loan agreement with a third party lender pursuant to which the lender agreed to loan us an additional $20,000. The loan bears simple interest at the rate of 1.5% per annum, compounded monthly, which is repayable on repayment of the loan. The loan is repayable on demand provided that such demand will be made no later than nine months from the date of advance of the loan. | |
The Company has evaluated subsequent events from December 31, 2014 to the date the financial statements were issued and has determined that, other than as disclosed above, it does not have any material subsequent events to disclose in these financial statements. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation |
The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. | |
Development Stage Company | Development Stage Company |
The Company is a development stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification and among the additional disclosures required as a development stage company are that its financial statements were identified as those of a development stage company, and that the statements of operations, stockholders' deficit and cash flows disclosed activity since the date of its inception (July 20,2010) as a development stage company Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has not elected to early adopt these provisions and consequently these additional disclosures are included in these financial statements. | |
Use of Estimates and Assumptions | Use of Estimates and Assumptions |
The preparation of 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. | |
The carrying value of cash and accounts payable and accrued liabilities approximates their fair value because of the short maturity of these instruments. Unless otherwise noted, it is management's opinion the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. | |
Cash and Cash Equivalents | Cash and Cash Equivalents |
For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. | |
Financial Instruments | Financial Instruments |
Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. Accounting Standards Codification ("ASC") 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels: | |
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available. | |
Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. | |
Level 3: Significant unobservable inputs which reflect a reporting entity's own assumptions about the assumptions that market participants would use for pricing an asset or liability. For example, Level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method. | |
The recorded amounts of financial instruments, including cash, accounts payable and accrued expenses, loan payable and loan payable – related party, approximate their market values as of December 31, 2014 and 2013 due to the short term maturities of these financial instruments. | |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets |
The Company, when applicable, continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. | |
Income Taxes | Income Taxes |
The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. | |
At December 31, 2014 and 2013, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded. | |
Dividends | Dividends |
The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown. | |
Revenue Recognition | Revenue Recognition |
The Company recognizes revenue in accordance with Accounting Standards Codification No. 605, "Revenue Recognition" ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. | |
Advertising Costs | Advertising Costs |
The Company's policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during the years ended December 31, 2014 and 2013. | |
Stock-based Compensation | Stock-based Compensation |
The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. From inception to December 31, 2014, the Company did not issue any stock based compensation to any employees or non-employees. | |
Earnings per Share | Earnings per Share |
The Company computes loss per share in accordance with ASC 105, "Earnings per Share" which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. | |
The Company had no potentially dilutive debt or equity instruments issued or outstanding during the years ended December 31, 2014 or 2013. | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements |
The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations other than in respect of the new regulations relating to Development Stage Entities as discussed above. |
NATURE_AND_CONTINUANCE_OF_OPER1
NATURE AND CONTINUANCE OF OPERATIONS (Detail Textuals) (USD $) | 1 Months Ended | ||
Aug. 28, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Nature And Continuance Of Operations [Line Items] | |||
Common stock, shares authorized | 75,000,000 | 75,000,000 | |
Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
Deficit accumulated during the development stage | ($82,266) | ($45,962) | |
James P. Geiskopf | Common Stock | |||
Nature And Continuance Of Operations [Line Items] | |||
Number of shares issued | 3,000,000 | ||
Common stock for total consideration | $20,000 | ||
Percentage of holding issued and outstanding common stock | 50.00% |
SUMMARY_OF_SIGNIFICANT_ACCOUNT2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Accounting Policies [Abstract] | ||
Advertising expense | $0 | $0 |
LOAN_PAYABLE_Detail_Textuals
LOAN PAYABLE (Detail Textuals) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Loans Payable [Abstract] | ||
Loan outstanding | $10,000 | |
Percentage of annual interest rate | 1.50% | 4.00% |
Accrued interest | $614 |
RELATED_PARTY_TRANSACTIONS_Det
RELATED PARTY TRANSACTIONS (Detail Textuals) (USD $) | 1 Months Ended | 12 Months Ended | |
Aug. 28, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Related Party Transactions [Abstract] | |||
Loans from stockholders | $10,000 | $9,527 | |
Percentage of annual interest rate | 1.50% | 4.00% | |
Former principal stockholder advanced a further | 190 | ||
Forgiveness of loan from stockholder | $9,717 | $9,717 |
STOCKHOLDERS_EQUITY_DEFICIT_De
STOCKHOLDERS' EQUITY (DEFICIT) (Detail Textuals) (USD $) | 1 Months Ended | 12 Months Ended | 53 Months Ended | |
Aug. 28, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Stockholders' Equity Note [Abstract] | ||||
Common stock, shares authorized | 75,000,000 | 75,000,000 | 75,000,000 | |
Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
Common stock, shares issued | 6,000,000 | 6,000,000 | 6,000,000 | |
Common stock, shares outstanding | 6,000,000 | 6,000,000 | 6,000,000 | |
Proceeds from sale of common stock | $60,000 | |||
Debt forgiveness - related party | $9,717 | $9,717 |
INCOME_TAXES_Detail_Textuals
INCOME TAXES (Detail Textuals) (USD $) | Dec. 31, 2014 |
Income Tax Disclosure [Abstract] | |
Net operating loss carry forwards | $82,266 |
SUBSEQUENT_EVENT_Detail_Textua
SUBSEQUENT EVENT (Detail Textuals) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Feb. 26, 2015 |
Subsequent Event [Line Items] | |||
Additional loan agreement with third party lender | $10,000 | ||
Loan bears simple interest rate | 1.50% | 4.00% | |
Subsequent Event | Third party lender | |||
Subsequent Event [Line Items] | |||
Additional loan agreement with third party lender | $20,000 | ||
Loan bears simple interest rate | 1.50% |