Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Document and Entity Information: | ' |
Entity Registrant Name | 'VAPOR HUB INTERNATIONAL INC. |
Document Type | '10-K |
Document Period End Date | 31-Dec-13 |
Amendment Flag | 'false |
Entity Central Index Key | '0001515718 |
Current Fiscal Year End Date | '--12-31 |
Entity Common Stock, Shares Outstanding | 80,988,984 |
Entity Public Float | $0 |
Entity Filer Category | 'Smaller Reporting Company |
Entity Current Reporting Status | 'Yes |
Entity Voluntary Filers | 'No |
Entity Well-known Seasoned Issuer | 'No |
Document Fiscal Year Focus | '2013 |
Document Fiscal Period Focus | 'FY |
Vapor_Hub_International_Inc_Ba
Vapor Hub International Inc. - Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
Current Assets: | ' | ' | ||
Cash | $1,028 | ' | ||
Total Assets | 1,028 | ' | ||
Current Liabilities: | ' | ' | ||
Bank overdraft | ' | 5 | ||
Accounts payable | 13,959 | ' | ||
Due to related party | 48,427 | 10,190 | ||
TOTAL LIABILITIES | 62,386 | 10,195 | ||
Stockholders' Deficit | ' | ' | ||
Preferred stock | ' | [1] | ' | [1] |
Common stock | 80,989 | [2] | 88,989 | [2] |
Additional paid-in capital | -33,442 | -33,442 | ||
Accumulated deficit during the development stage | -108,905 | -57,742 | ||
Total Stockholders' Deficit | -61,358 | -10,195 | ||
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $1,028 | ' | ||
[1] | Authorized: 10,000,000 preferred shares with a par value of $0.001 per share. Issued and outstanding: nil preferred shares. | |||
[2] | Authorized: 65,000,000 common shares with a par value of $0.001 per share. Issued and outstanding: 80,988,984 common shares. (1) All common shares amounts and per share amounts in these financial statements reflect the one-for-nine forward stock split by way of a stock dividend of issued and outstanding shares of common stock of the company, effective January 19, 2014, including retroactive adjustment of common share amounts. See Note 5. |
Statement_of_Financial_Positio
Statement of Financial Position - Parenthetical (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Statement of Financial Position | ' | ' |
Preferred Stock, Par Value | $0.00 | $0.00 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par Value | $0.00 | $0.00 |
Common Stock, Shares Authorized | 65,000,000 | 65,000,000 |
Common Stock, Shares Issued | 80,988,984 | 80,988,984 |
Common Stock, Shares Outstanding | 80,988,984 | 80,988,984 |
Vapor_Hub_International_Inc_St
Vapor Hub International Inc. - Statements of Operations (USD $) | 12 Months Ended | 42 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | ||||
Income Statement | ' | ' | ' | |||
Revenue | ' | ' | ' | |||
Expenses: | ' | ' | ' | |||
Office and administrative | 10,338 | 20,689 | 52,250 | |||
Professional fees | 40,825 | 4,625 | 56,655 | |||
TOTAL OPERATING EXPENSES | 51,163 | 25,314 | 108,905 | |||
Loss before tax expense | -51,163 | -25,314 | -108,905 | |||
Income taxes | ' | ' | ' | |||
Net loss | ($51,163) | ($25,314) | ($108,905) | |||
Loss per share- basic and diluted | $0 | $0 | ' | |||
Weighted average shares- basic and diluted | 80,988,984 | [1] | 80,988,984 | [1] | ' | [1] |
[1] | All common shares amounts and per share amounts in these financial statements reflect the one-for-nine forward stock split by way of a stock dividend of issued and outstanding shares of common stock of the company, effective January 19, 2014, including retroactive adjustment of common share amounts. See Note 5. |
Vapor_Hub_International_Inc_St1
Vapor Hub International Inc. - Statement of Stockholders' Equity (USD $) | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total | |
Balance, Value at Jul. 14, 2010 | ' | ' | ' | ' | |
Common stock issued for cash September 21, 2010, Value | $50,929 | ($36,782) | ' | $14,147 | |
Common stock issued for cash September 21, 2010, Shares | 50,928,984 | ' | ' | ' | |
Common stock issued for cash December 10, 2010, Value | 30,060 | 3,340 | ' | 33,400 | |
Common stock issued for cash December 10, 2010, Shares | 30,060,000 | ' | ' | ' | |
Net (income) loss | ' | ' | -5,919 | -5,919 | |
Balance, Value at Dec. 31, 2010 | [1] | 80,989 | -33,442 | -5,919 | 41,628 |
Balance, Shares at Dec. 31, 2010 | [1] | 80,988,984 | ' | ' | ' |
Net (income) loss | ' | ' | -26,509 | -26,509 | |
Balance, Value at Dec. 31, 2011 | [1] | 80,989 | -33,442 | -32,428 | 15,119 |
Balance, Shares at Dec. 31, 2011 | [1] | 80,988,984 | ' | ' | ' |
Net (income) loss | ' | ' | -25,314 | -25,314 | |
Balance, Value at Dec. 31, 2012 | [1] | 80,989 | -33,442 | -57,742 | -10,195 |
Balance, Shares at Dec. 31, 2012 | [1] | 80,988,984 | ' | ' | ' |
Net (income) loss | ' | ' | -51,163 | -51,163 | |
Balance, Value at Dec. 31, 2013 | [1] | $80,989 | ($33,442) | ($108,905) | ($61,358) |
Balance, Shares at Dec. 31, 2013 | [1] | 80,988,984 | ' | ' | ' |
[1] | All common shares amounts and per share amounts in these financial statements reflect the one-for-nine forward stock split by way of a stock dividend of issued and outstanding shares of common stock of the company, effective January 19, 2014, including retroactive adjustment of common share amounts. See Note 5. |
Vapor_Hub_International_Inc_St2
Vapor Hub International Inc. - Statements of Cash Flows (USD $) | 12 Months Ended | 42 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
OPERATING EXPENSES: | ' | ' | ' |
Net loss | ($51,163) | ($25,314) | ($108,905) |
Changes in operating assets and liabilities | ' | ' | ' |
Accounts payable and accrued liabilities | 13,954 | -2,884 | 13,959 |
Net Cash Used in Operating Activities | -37,209 | -28,198 | -94,946 |
FINANCING ACTIVITIES: | ' | ' | ' |
Proceeds from related party | 38,237 | 10,190 | 48,427 |
Proceeds from issuance of common shares | ' | ' | 45,547 |
Net Cash Provided by Financing Activities | 38,237 | 10,190 | 95,974 |
Increase (decrease) in cash | 1,028 | -18,008 | 1,028 |
Cash, beginning of period | ' | 18,008 | ' |
Cash, end of period | 1,028 | ' | 1,028 |
Supplemental Disclosures: | ' | ' | ' |
Interest paid | ' | ' | ' |
Income taxes paid | ' | ' | ' |
1_Nature_of_Operations_and_Con
1. Nature of Operations and Continuance of Business | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
1. Nature of Operations and Continuance of Business | ' |
1. Nature of Operations and Continuance of Business | |
Vapor Hub International Inc. (the “Company”) was incorporated in the state of Nevada on July 15, 2010 as a “C” corporation. The Company is a development stage company, as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915, Development Stage Entities, and its objective is to generate a website that is intended to provide travelers with information and resources regarding pet friendly accommodation, services, and products. |
2_Summary_of_Significant_Accou
2. Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
2. Summary of Significant Accounting Policies | ' |
2. Summary of Significant Accounting Policies | |
a) Basis of Presentation | |
The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year end is December 31. | |
b) Use of Estimates | |
The preparation of financial statements in conformity with US GAAP 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 reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. | |
c) Cash and Cash Equivalents | |
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. At December 31, 2013 and 2012, the Company had no cash equivalents. | |
d) Basic and Diluted Net Loss per Share | |
The Company computes net loss per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive. As of December 31, 2013 and 2012, the Company did not have any potentially dilutive shares. | |
e) Financial Instruments | |
Pursuant to ASC 820, Fair Value Measurements and Disclosures, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: | |
Level 1 | |
Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. | |
Level 2 | |
Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. | |
Level 3 | |
Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. | |
The Company’s financial instruments consist principally of cash, bank overdraft, accounts payable and accrued liabilities, and amounts due to related parties. Pursuant to ASC 820, the fair value of our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. | |
f) | |
Income Taxes | |
The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. As of December 31, 2013, the Company has federal and state net operating loss carry forwards of approximately $109,000 (December 31, 2012 - $58,000), which will begin to expire in 2030 unless utilized in earlier years. | |
g) | |
Reclassification | |
Certain balances in previously issued financial statements have been reclassified to be consistent with the current period presentation. | |
h) | |
Recent Accounting Pronouncements | |
In July 2013, the FASB issued ASU No. 2013-11, Income Taxes (Top 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The objective of ASU No. 2013-11 is to provide guidance on the financial statement presentation of an unrecognized tax benefit when a net loss carryforward, similar tax loss, or tax credit carryforward exists. The amendments in this standard is effective for all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists for fiscal years, and interim periods beginning after December 15, 2013. We are evaluating the effect, if any, adoption of ASU No. 2013-11 will have on our financial statements. | |
Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements. |
3_Uncertainty_of_Ability_To_Co
3. Uncertainty of Ability To Continue As A Going Concern | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
3. Uncertainty of Ability To Continue As A Going Concern | ' |
3. Uncertainty of Ability to Continue as a Going Concern | |
These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of December 31, 2013, the Company has not recognized any revenue, has a working capital deficit of $61,358, and has an accumulated deficit of $108,905. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company’s future operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
4_Related_Party_Transactions
4. Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
4. Related Party Transactions | ' |
4. Related Party Transactions | |
a) As at December 31, 2013, the Company owes $18,427 (2012 - $10,190) to the former President and Director of the Company for funding of general operations. The amount owing is unsecured, non-interest bearing, and due on demand. | |
b) As at December 31, 2013, the Company owes $30,000 (2012 - $0) to the President and Director of the Company for funding of general operations. The amount owing is unsecured, non-interest bearing, and due on demand. |
5_Stockholders_Equity
5. Stockholders' Equity | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
5. Stockholders' Equity | ' |
5. Stockholders’ Equity | |
a) On January 9, 2014, the Company authorized an increase of its share capital from 65,000,000 common shares to 140,000,000 common shares. Furthermore, the Company approved forward stock split of its issued and outstanding common shares by way of a stock dividend, on a basis of 1:9, pursuant to which, the company’s stockholders as at January 17, 2014 will receive eight (8) shares of common stock for each one (1) share of common stock currently held. The pay-out date as approved by the company’s board of directors and Financial Industry Regulatory Authority is January 17, 2014. The effects of the forward split increased its issued and outstanding common shares from 8,998,776 common shares to 80,988,984 common shares. The effects of the forward split have been applied on a retroactive basis. | |
b) At December 31, 2013 and 2012, the Company authorized 10,000,000 preferred shares with a par value of $0.001 per preferred shares. There have been no issued or outstanding preferred shares. | |
6_Income_Taxes
6. Income Taxes | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Notes | ' | |||
6. Income Taxes | ' | |||
6. Income Taxes | ||||
The Company has $108,905 of net operating losses carried forward to offset taxable income in future years which expire commencing in fiscal 2030. The income tax benefit differs from the amount computed by applying the US federal income tax rate of 34% to net loss before income taxes. As at December 31, 2013, the Company had no uncertain tax positions. | ||||
2013 | 2012 | |||
$ | $ | |||
Net loss before taxes | -51,163 | -25,314 | ||
Statutory rate | 34% | 34% | ||
Computed expected tax recovery | -17,395 | -8,607 | ||
Valuation allowance | 17,395 | 8,607 | ||
Income tax provision | – | – | ||
As at December 31, 2013, the Company has non-capital losses carried forward of $108,905, which are available to offset deferred years’ taxable income. These losses expire as follows: | ||||
$ | ||||
2030 | 5,919 | |||
2031 | 26,509 | |||
2032 | 25,314 | |||
2033 | 51,163 | |||
108,905 | ||||
7_Subsequent_Events
7. Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
7. Subsequent Events | ' |
7. Subsequent Events | |
a) On January 9, 2014, the Company authorized an increase of its share capital from 65,000,000 common shares to 140,000,000 common shares. Furthermore, the Company approved a forward stock split of its issued and outstanding common shares by way of a stock dividend, on a basis of 1:9, pursuant to which, the company’s stockholders as at January 17, 2014 will receive eight (8) shares of common stock for each one (1) share of common stock currently held. The pay-out date as approved by the company’s board of directors and Financial Industry Regulatory Authority is January 17, 2014. The effects of the forward split increased its issued and outstanding common shares from 8,998,776 common shares to 80,988,984 common shares. The effects of the forward split have been applied on a retroactive basis. | |
b) On February 14, 2014, the Company entered into a share exchange agreement (the “Agreement”) with Vapor California (“Vapor”) and Delite Products Inc. (“Delite”) whereby the Company will acquire 100% of the issued and outstanding shares of Vapor and Delite in exchange for 38,000,001 common shares of the Company. The Agreement will be completed in two stages – with the acquisition of Vapor closing on March 14, 2014 and the acquisition of Delite to be closed within 10 days of the closing date of the acquisition of Vapor. In addition, as part of the closing transaction, the Company will cancel 50,938,984 common shares and issued a convertible debenture of $185,000 upon the closing of the Delite acquisition. | |
The Agreement is accounted for as a recapitalization effected by a share exchange, wherein Vapor is considered the acquirer for accounting purposes. The assets and liabilities of the acquired entity have been brought forward at their book value and no goodwill has been recognized on the recapitalization transaction. Concurrent with the Agreement, the Company changed its name from “Doginn Inc.” to “Vapor Hub International Inc.”. | |
The acquisition of Delite was closed on March 31, 2014 upon the completion of all conditions within the Agreement. |
2_Summary_of_Significant_Accou1
2. Summary of Significant Accounting Policies: Basis of Presentation (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Basis of Presentation | ' |
a) Basis of Presentation | |
The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year end is December 31. |
2_Summary_of_Significant_Accou2
2. Summary of Significant Accounting Policies: Use of Estimates (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Use of Estimates | ' |
b) Use of Estimates | |
The preparation of financial statements in conformity with US GAAP 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 reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. |
2_Summary_of_Significant_Accou3
2. Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Cash and Cash Equivalents | ' |
c) Cash and Cash Equivalents | |
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. At December 31, 2013 and 2012, the Company had no cash equivalents. |
2_Summary_of_Significant_Accou4
2. Summary of Significant Accounting Policies: Basic and Diluted Net Loss Per Share (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Basic and Diluted Net Loss Per Share | ' |
d) Basic and Diluted Net Loss per Share | |
The Company computes net loss per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive. As of December 31, 2013 and 2012, the Company did not have any potentially dilutive shares. |
2_Summary_of_Significant_Accou5
2. Summary of Significant Accounting Policies: Financial Instruments (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Financial Instruments | ' |
e) Financial Instruments | |
Pursuant to ASC 820, Fair Value Measurements and Disclosures, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: | |
Level 1 | |
Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. | |
Level 2 | |
Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. | |
Level 3 | |
Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. | |
The Company’s financial instruments consist principally of cash, bank overdraft, accounts payable and accrued liabilities, and amounts due to related parties. Pursuant to ASC 820, the fair value of our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. |
2_Summary_of_Significant_Accou6
2. Summary of Significant Accounting Policies: Income Taxes (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Income Taxes | ' |
Income Taxes | |
The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. As of December 31, 2013, the Company has federal and state net operating loss carry forwards of approximately $109,000 (December 31, 2012 - $58,000), which will begin to expire in 2030 unless utilized in earlier years. |
2_Summary_of_Significant_Accou7
2. Summary of Significant Accounting Policies: Reclassification (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Reclassification | ' |
Reclassification | |
Certain balances in previously issued financial statements have been reclassified to be consistent with the current period presentation. |
2_Summary_of_Significant_Accou8
2. Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncements | |
In July 2013, the FASB issued ASU No. 2013-11, Income Taxes (Top 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The objective of ASU No. 2013-11 is to provide guidance on the financial statement presentation of an unrecognized tax benefit when a net loss carryforward, similar tax loss, or tax credit carryforward exists. The amendments in this standard is effective for all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists for fiscal years, and interim periods beginning after December 15, 2013. We are evaluating the effect, if any, adoption of ASU No. 2013-11 will have on our financial statements. | |
Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements. |
6_Income_Taxes_Schedule_of_Com
6. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Tables/Schedules | ' | |||
Schedule of Components of Income Tax Expense (Benefit) | ' | |||
2013 | 2012 | |||
$ | $ | |||
Net loss before taxes | -51,163 | -25,314 | ||
Statutory rate | 34% | 34% | ||
Computed expected tax recovery | -17,395 | -8,607 | ||
Valuation allowance | 17,395 | 8,607 | ||
Income tax provision | – | – |
6_Income_Taxes_Schedule_of_Def
6. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Tables/Schedules | ' | ||
Schedule of Deferred Tax Assets and Liabilities | ' | ||
$ | |||
2030 | 5,919 | ||
2031 | 26,509 | ||
2032 | 25,314 | ||
2033 | 51,163 | ||
108,905 |
2_Summary_of_Significant_Accou9
2. Summary of Significant Accounting Policies: Income Taxes (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Details | ' | ' |
Operating Loss Carryforwards | $109,000 | $58,000 |
3_Uncertainty_of_Ability_To_Co1
3. Uncertainty of Ability To Continue As A Going Concern (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Details | ' | ' |
Total Stockholders' Deficit | $61,358 | $10,195 |
Accumulated deficit during the development stage | $108,905 | $57,742 |
4_Related_Party_Transactions_D
4. Related Party Transactions (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Due to related party | $48,427 | $10,190 |
Former President and Director | ' | ' |
Due to related party | 18,427 | 10,190 |
Current President and Director | ' | ' |
Due to related party | $30,000 | $0 |
5_Stockholders_Equity_Details
5. Stockholders' Equity (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Details | ' | ' |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par Value | $0.00 | $0.00 |
6_Income_Taxes_Schedule_of_Com1
6. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Details | ' | ' |
Other Comprehensive Income (Loss), before Tax | ($51,163) | ($25,314) |
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | 0.34 | 0.34 |
Computed Expected Tax Recovery | -17,395 | -8,607 |
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount | $17,395 | $8,607 |
6_Income_Taxes_Details
6. Income Taxes (Details) (USD $) | Dec. 31, 2013 |
Details | ' |
Deferred Tax Assets, Capital Loss Carryforwards | $108,905 |
6_Income_Taxes_Schedule_of_Def1
6. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) (USD $) | Dec. 31, 2033 | Dec. 31, 2032 | Dec. 31, 2031 | Dec. 31, 2030 |
Details | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $51,163 | $25,314 | $26,509 | $5,919 |