UMAX (UMAX) 10-Q 24 Dec 13 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Oct. 31, 2013	Dec. 01, 2013
Document And Entity Information [Abstract]	'	'
Entity Registrant Name	'UMAX GROUP CORP	'
Entity Central Index Key	'0001517709	'
Trading Symbol	'umax	'
Current Fiscal Year End Date	'--04-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	96,700,000
Document Type	'10-Q	'
Document Period End Date	31-Oct-13	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Oct. 31, 2013	Apr. 30, 2013
Current Assets	'	'
Cash and cash equivalents	$147,337	'
Prepaid expenses	2,000	'
Total current assets	149,337	'
Total Assets	149,337	'
Current Liabilities	'	'
Accounts Payable	3,230	'
Sales Tax Payable	'	'
Bank Overdraft	'	12
Indebtedness to related party	44,100	19,882
Total current liabilities	47,330	19,894
Total Liabilities	47,330	19,894
Stockholders' Equity (Deficit)	'	'
Common stock, par value $0.001; 200,000,000 shares authorized,96,700,000 and 97,600,000 shares issued and outstanding as of October 31, 2013 and April 30, 2013, respectively	96,700	97,600
Additional paid-in-capital	152,905	-69,300
Deficit accumulated during the development stage	-147,598	-48,194
Total Stockholders' Equity (Deficit)	102,007	-19,894
Total Liabilities and Stockholders' Equity (Deficit)	$149,337	'

BALANCE_SHEETS_Parentheticals

BALANCE SHEETS (Parentheticals) (USD $)	Oct. 31, 2013	Apr. 30, 2013
Statement of Financial Position [Abstract]	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	96,700,000	97,600,000
Common stock, shares outstanding	96,700,000	97,600,000

STATEMENTS_OF_OPERATIONS_UNAUD

STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)	3 Months Ended				6 Months Ended		31 Months Ended
	Oct. 31, 2013		Oct. 31, 2012		Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Income Statement [Abstract]	'		'		'	'	'
REVENUES	$6,099		'		$13,499	'	$13,499
Cost of Goods Sold	849		'		6,483	'	6,483
GROSS PROFIT	5,250		'		7,016	'	7,016
OPERATING EXPENSES	'		'		'	'	'
General and Administrative Expenses	65,623		5,992		83,022	13,464	131,216
Professional Fees	19,492		'		23,298	'	23,398
TOTAL OPERATING EXPENSES	85,115		5,992		106,320	13,464	154,614
NET LOSS FROM OPERATIONS	-79,865		-5,992		-99,404	-13,464	-147,598
PROVISION FOR INCOME TAXES	'		'		'	'	0
NET LOSS	($79,865)		($5,992)		($99,404)	($13,464)	($147,598)
NET LOSS PER SHARE: BASIC AND DILUTED (in dollars per share)	$0	[1]	$0	[1]	'	'	'
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED (in shares)	97,333,000		138,578,261		97,533,000	183,089,130	'
[1]	denotes a loss of less than $(0.01) per share.

STATEMENTS_OF_CASH_FLOWS_UNAUD

STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	6 Months Ended		31 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
OPERATING ACTIVITIES	'	'	'
Net loss for the period	($99,404)	($13,464)	($147,598)
Movement in operating assets and liabilities	'	'	'
Prepaid expenses	2,000	4,800	2,000
Accounts payable	-3,230	-933	-3,230
CASH FLOWS USED IN OPERATING ACTIVITIES	-100,634	-9,597	-148,828
FINANCING ACTIVITIES	'	'	'
Proceeds from sale of common stock	200,000	'	252,065
Loan from shareholder	44,100	'	44,100
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	244,100	'	296,165
NET INCREASE IN CASH	143,466	-9,597	147,337
Cash, beginning of period	'	9,965	'
Cash, end of period	147,337	368	147,337
SUPPLEMENTAL CASH FLOW INFORMATION:	'	'	'
Interest paid	0	0	0
Income taxes paid	$0	$0	$0

ORGANIZATION_AND_NATURE_OF_BUS

ORGANIZATION AND NATURE OF BUSINESS	6 Months Ended
	Oct. 31, 2013
Organization And Nature Of Business [Abstract]	'
ORGANIZATION AND NATURE OF BUSINESS	'
	NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS
	Umax Group Corp. (the "Company", “we” or “us”) was incorporated under the laws of the State of Nevada,on March 21, 2011 (“Inception”). We are a development stage company and our business is to develop and distribute our nutritional products to the growing nutritional industry. The Company is in the development stage as defined under Statement on Financial Accounting Standards Board’s (“FASB’s) Accounting Standards Codification (“ASC’) 915-205 "Development-Stage Entities.”  Since Inception (March 21, 2011) through October 31, 2013 the Company has not generated any revenue and has accumulated losses of $147,598.

GOING_CONCERN

GOING CONCERN	6 Months Ended
	Oct. 31, 2013
Going Concern [Abstract]	'
GOING CONCERN	'
	NOTE 2 – GOING CONCERN
	The 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 (March 21, 2011) resulting in an accumulated deficit of $147,598 as of October 31, 2013 and further losses are anticipated in the development of its business 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 and loans from directors and, or, private placement of common stock.

SUMMARY_OF_SIGNIFCANT_ACCOUNTI

SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES	6 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES	'
	NOTE 3– SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES
	Development Stage Company
	The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from.
	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.
	Accounting Basis
	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting).  The Company has adopted a April 30 fiscal year end.
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $147,337 cash and cash equivalents as of October 31, 2013.
	Fair Value of Financial Instruments
	The Company’s financial instruments consist of cash and cash equivalents and amounts due to shareholder.  The carrying amounts of cash and current liabilities approximate fair value because of the short-term maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment, and, therefore, cannot be determined with precision.  Changes in assumptions could significantly affect these estimates.  We do not hold or issue financial instruments for trading purposes, nor do we utilize derivative instruments.
	Income Taxes
	We account for income taxes as required by the Income Tax Topic of the FASB ASC, which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns.  Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
	Use of Estimates
	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 the financial statements and the reported amount of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
	Revenue Recognition
	The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.
	Stock-Based Compensation
	Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718.  To date, the Company has not adopted a stock option plan and has not granted any stock options.
	Basic Income (Loss) Per Share
	Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of October 31, 2013.
	Recent Accounting Pronouncements
	The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

INDEBTEDNESS_TO_RELATED_PARTY

INDEBTEDNESS TO RELATED PARTY	6 Months Ended
	Oct. 31, 2013
Related Party Transactions [Abstract]	'
INDEBTEDNESS TO RELATED PARTY	'
	NOTE 4 –INDEBTEDNESS TO RELATED PARTY
	A shareholder of the Company has loaned an aggregate sum of $44,100  to the Company to pay for ,start up and organization fees. The amount is repayable on July 31, 2014 , bears an interest rate of 3% and is unsecured. The balance due was $44,100 as of October 31, 2013.

COMMON_STOCK

COMMON STOCK	6 Months Ended
	Oct. 31, 2013
Equity [Abstract]	'
COMMON STOCK	'
	NOTE 5 – COMMON STOCK
	On July 30, 2012 the Company completed a forward stock split whereby every pre-split share of common stock is exchangeable for 40 shares of post-split common stock. Accordingly, all share and per share information has been restated to retroactively show the effect of the stock split.
	On April 1, 2011, the Company issued 60,000,000 shares of common stock for cash proceeds of $1,500 at $0.000025 per share to its director. On April 7, 2011, the Company issued 120,000,000 shares of common stock for cash proceeds of $3,000 at $0.000025 per share to its director. For the period from March 7, 2012 to April 30, 2012 the Company issued 47,600,000 shares of common stock for cash proceeds of $23,800 at $0.0005 per share.
	On July 30, 2012, two controlling shareholders cancelled an aggregate of 130,000,000 shares of common stock which were returned to the status of authorized but unissued shares.
	On October 1, 2013, a controlling shareholder canceled 1,000,000 shares of common stock which were returned to the status of authorized but unissued shares.
	On September 11, 2013, the Company sold 100,000 shares of common stock for $200,000.   The shares sold under this subscription were issued fully paid non asessable.
	As of October 31, 2013, the Company had 96,700,000 shares of common stock issued and outstanding.

INCOME_TAXES

INCOME TAXES	6 Months Ended
	Oct. 31, 2013
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	NOTE 6– INCOME TAXES
	As of October 31, 2013, the Company had net operating loss carry forwards of $147,598 that may be available to reduce future years’ taxable income in varying amounts through 2032. 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.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Oct. 31, 2013
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	NOTE 7 – SUBSEQUENT EVENTS
	The Company has evaluated subsequent events from October 31, 2013 through the date whereupon the financial statements were issued and has determined that there are no items to disclose.

SUMMARY_OF_SIGNIFCANT_ACCOUNTI1

SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Development Stage Company	'
	Development Stage Company
	The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from.
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.
Accounting Basis	'
	Accounting Basis
	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting).  The Company has adopted a April 30 fiscal year end.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $147,337 cash and cash equivalents as of October 31, 2013.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The Company’s financial instruments consist of cash and cash equivalents and amounts due to shareholder.  The carrying amounts of cash and current liabilities approximate fair value because of the short-term maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment, and, therefore, cannot be determined with precision.  Changes in assumptions could significantly affect these estimates.  We do not hold or issue financial instruments for trading purposes, nor do we utilize derivative instruments.
Income Taxes	'
	Income Taxes
	We account for income taxes as required by the Income Tax Topic of the FASB ASC, which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns.  Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
Use of Estimates	'
	Use of Estimates
	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 the financial statements and the reported amount of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
Revenue Recognition	'
	Revenue Recognition
	The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.
Stock-Based Compensation	'
	Stock-Based Compensation
	Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718.  To date, the Company has not adopted a stock option plan and has not granted any stock options.
Basic Income (Loss) Per Share	'
	Basic Income (Loss) Per Share
	Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of October 31, 2013.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

ORGANIZATION_AND_NATURE_OF_BUS1

ORGANIZATION AND NATURE OF BUSINESS (Detail Textuals) (USD $)	3 Months Ended		6 Months Ended		31 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Organization And Nature Of Business [Abstract]	'	'	'	'	'
Accumulated losses	($79,865)	($5,992)	($99,404)	($13,464)	($147,598)

GOING_CONCERN_Detail_Textuals

GOING CONCERN (Detail Textuals) (USD $)	Oct. 31, 2013	Apr. 30, 2013
Going Concern [Abstract]	'	'
Accumulated deficit	$147,598	$48,194

SUMMARY_OF_SIGNIFCANT_ACCOUNTI2

SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Detail Textuals) (USD $)	Oct. 31, 2013
Accounting Policies [Abstract]	'
Cash and cash equivalents	$147,337

INDEBTEDNESS_TO_RELATED_PARTY_

INDEBTEDNESS TO RELATED PARTY (Detail Textuals) (USD $)	Oct. 31, 2013	Apr. 30, 2013	Oct. 31, 2013
			Shareholder
Debt Instrument [Line Items]	'	'	'
Aggregate amount of loan	'	'	$44,100
Interest rate	'	'	3.00%
Maturity date	'	'	31-Jul-14
Amount due to related party	$44,100	$19,882	$44,100

COMMON_STOCK_Detail_Textuals

COMMON STOCK (Detail Textuals) (USD $)	1 Months Ended	6 Months Ended	31 Months Ended		0 Months Ended			2 Months Ended	0 Months Ended	1 Months Ended
	Jul. 30, 2012	Oct. 31, 2013	Oct. 31, 2013	Apr. 30, 2013	Sep. 11, 2013	Apr. 07, 2011	Apr. 01, 2011	Apr. 30, 2012	Oct. 01, 2013	Jul. 30, 2012
	Shareholder				Common Stock	Common Stock	Common Stock	Common Stock	Common Stock	Common Stock
						Director	Director	Director	Controlling shareholders	Controlling shareholders
Class of Stock [Line Items]	'	'	'	'	'	'	'	'	'	'
Description of forward stock split	'A forward stock split whereby every pre-split share of common stock is exchangeable for 40 shares of post-split common stock.	'	'	'	'	'	'	'	'	'
Number of shares of common stock issued	'	'	'	'	'	120,000,000	60,000,000	47,600,000	'	'
Proceeds from shares of common stock issued	'	'	'	'	'	$3,000	$1,500	$23,800	'	'
Common stock issued price per share	'	'	'	'	'	$0.00	$0.00	$0.00	'	'
Number of controlling shareholders	2	'	'	'	'	'	'	'	'	'
Number of shares cancelled	'	'	'	'	'	'	'	'	1,000,000	130,000,000
Number of shares issued under subscription	'	'	'	'	100,000	'	'	'	'	'
Proceeds from sale of common stock	'	$200,000	$252,065	'	$200,000	'	'	'	'	'
Common stock, shares issued	'	96,700,000	96,700,000	97,600,000	'	'	'	'	'	'
Common stock, shares outstanding	'	96,700,000	96,700,000	97,600,000	'	'	'	'	'	'

INCOME_TAXES_Detail_Textuals

INCOME TAXES (Detail Textuals) (USD $)	Oct. 31, 2013
Income Tax Disclosure [Abstract]	'
Net operating loss carry forwards	$147,598