Document_and_Entity_Informatio
Document and Entity Information | 12 Months Ended |
Apr. 30, 2014 | |
Document Type | 'S-1 |
Amendment Flag | 'false |
Document Period End Date | 30-Apr-14 |
Trading Symbol | 'jigd |
Entity Registrant Name | 'JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC. |
Entity Central Index Key | '0001520007 |
Current Fiscal Year End Date | '--04-30 |
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 | '2014 |
Document Fiscal Period Focus | 'FY |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Apr. 30, 2014 | Apr. 30, 2013 |
CURRENT ASSETS: | ' | ' |
Cash | $1,301,748 | $0 |
Prepaid expenses | 900 | 1,945 |
TOTAL CURRENT ASSETS | 1,302,648 | 1,945 |
PROPERTY AND EQUIPMENT - Net | 1,955 | 0 |
TOTAL ASSETS | 1,304,603 | 1,945 |
CURRENT LIABILITIES: | ' | ' |
Accounts payable | 12,688 | 5,909 |
Due to related parties | 39,855 | 27,113 |
TOTAL CURRENT LIABILITIES | 52,543 | 33,022 |
STOCKHOLDERS' EQUITY (DEFICIT): | ' | ' |
Common stock,1,500,000,000 shares authorized, par value $0.001, 953,830,000 and 904,500,000 shares issued and outstanding at April 30, 2014 and 2013, respectively | 953,830 | 904,500 |
Additional Paid-in Capital | 1,403,251 | 3,785 |
Deficit accumulated during the development stage | -1,105,021 | -939,362 |
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) | 1,252,060 | -31,077 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $1,304,603 | $1,945 |
BALANCE_SHEET_PARENTHETICAL
BALANCE SHEET (PARENTHETICAL) (USD $) | Apr. 30, 2014 | Apr. 30, 2013 |
Common Stock, Shares Authorized | 1,500,000,000 | 1,500,000,000 |
Common Stock, Par Value Per Share | $0.00 | $0.00 |
Common Stock, Shares, Issued | 953,830,000 | 904,500,000 |
Common Stock, Shares, Outstanding | 953,830,000 | 904,500,000 |
STATEMENTS_OF_OPERATIONS
STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | 45 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | Apr. 30, 2014 | |
REVENUE | $0 | $0 | $0 |
EXPENSES | 167,465 | 44,796 | 230,577 |
Loss from operations | -167,465 | -44,796 | -230,577 |
Other Income: | ' | ' | ' |
Interest income | 1,806 | 0 | 1,806 |
Total other income | 1,806 | 0 | 1,806 |
Loss before income taxes | -165,659 | -44,796 | -228,771 |
Provision for income taxes | 0 | 0 | 0 |
NET LOSS | ($165,659) | ($44,796) | ($228,771) |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES | 945,720,959 | 904,500,000 | ' |
STATEMENT_OF_CHANGES_IN_STOCKH
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY) (USD $) | Common Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit during Development Stage [Member] | Total |
Beginning Balance at Apr. 30, 2012 | $904,500 | ' | ($894,566) | $9,934 |
Beginning Balance (Shares) at Apr. 30, 2012 | 904,500,000 | ' | ' | ' |
Forgiveness of loans from shareholders | ' | 3,785 | ' | 3,785 |
Payments of common stock offering costs | ' | ' | ' | 0 |
Net loss | ' | ' | -44,796 | -44,796 |
Ending Balance at Apr. 30, 2013 | 904,500 | 3,785 | -939,362 | -31,077 |
Beginning Balance (Shares) at Apr. 30, 2013 | 904,500,000 | ' | ' | ' |
Common shares sold at $0.03 per share | 49,330 | 1,430,570 | ' | 1,479,900 |
Common shares sold at $0.03 per share (Shares) | 49,330,000 | ' | ' | ' |
Payments of common stock offering costs | ' | -31,104 | ' | -31,104 |
Net loss | ' | ' | -165,659 | -165,659 |
Ending Balance at Apr. 30, 2014 | $953,830 | $1,403,251 | ($1,105,021) | $1,252,060 |
Ending Balance (Shares) at Apr. 30, 2014 | 953,830,000 | ' | ' | ' |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | 45 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | Apr. 30, 2014 | |
OPERATING ACTIVITIES: | ' | ' | ' |
Net loss | ($165,659) | ($44,796) | ($228,771) |
Adjustments to reconcile net loss from operations to net cash used in operating activities | ' | ' | ' |
Depreciation and amortization | 97 | 0 | 97 |
Decrease in inventory | 0 | 916 | 0 |
Decrease (Increase) in prepaid expenses | 1,045 | -1,945 | -900 |
Increase in accounts payable | 6,779 | 4,592 | 12,688 |
NET CASH USED IN OPERATING ACTIVITIES | -157,738 | -41,233 | -216,886 |
INVESTING ACTIVITIES: | ' | ' | ' |
Purchase of property and equipment | -2,052 | 0 | -2,052 |
NET CASH USED IN INVESTING ACTIVITIES | -2,052 | 0 | -2,052 |
FINANCING ACTIVITIES: | ' | ' | ' |
Proceeds from issuance of common stock | 1,479,900 | 0 | 1,508,150 |
Payments of common stock offering costs | -31,104 | 0 | -31,104 |
Repayment of shareholders loans | -48,040 | -5,663 | -53,703 |
Loans from shareholders | 60,782 | 27,713 | 97,343 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 1,461,538 | 22,050 | 1,520,686 |
Net Increase (Decrease) in Cash | 1,301,748 | -19,183 | 1,301,748 |
Cash, Beginning of Period | 0 | 19,183 | 0 |
CASH, END OF PERIOD | 1,301,748 | 0 | 1,301,748 |
Interest | 0 | 0 | 0 |
Income Taxes | 0 | 0 | 0 |
Forgiveness of loans from shareholders | $0 | $3,785 | $3,785 |
ORGANIZATION_AND_BUSINESS_OPER
ORGANIZATION AND BUSINESS OPERATIONS | 12 Months Ended |
Apr. 30, 2014 | |
ORGANIZATION AND BUSINESS OPERATIONS [Text Block] | ' |
NOTE 1 ORGANIZATION AND BUSINESS OPERATIONS | |
Joymain International Development Group Inc. (f/k/a Advento, Inc.), a development stage company, (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on August 4, 2010. The Company is a development stage company and initially planned to commence operations in the distribution of shower cabinets. The Company is in the development stage as defined under Accounting Codification Standard, Development Stage Entities (“ASC-915”). The Company has not generated any revenue to date and consequently its operations are subject to all risks inherent in the establishment of a new business enterprise. | |
On March 12, 2013, Mr. Xijian Zhou acquired an aggregate of 750,000,000 shares of the Company’s common stock, representing 82.92% of our issued and outstanding shares as of March 12, 2013. Effective March 12, 2013, (a) Mr. Liang Wei Wang resigned as the Company’s president, secretary, treasurer, and director of the Company; (b) Mr. Suqun Lin, was appointed as the Company’s sole director, president, secretary and treasurer. Effective March 28, 2013, the Nevada Secretary of State accepted for filing of a Certificate of Amendment to the Company’s Articles of Incorporation to change the Company’s name from Advento, Inc. to Joymain International Development Group Inc. and to increase its authorized capital from 75,000,000 to 1,500,000,000 shares of common stock, par value of $0.001. These amendments became effective on April 10, 2013 upon approval from the Financial Industry Regulatory Authority (“FINRA”). Also effective April 10, 2013, pursuant to a 300 new for one (1) old forward split, the Company’s issued and outstanding shares of common stock increased from 3,015,000 to 904,500,000 shares, par value of $0.001. Information regarding shares of common stock (except par value per share), discount on stock issued, and net (loss) income per common share for all periods presented reflects the three hundred-for-one forward split of the Company’s common stock. | |
In connection with the change of control, the Company changed its business operation plan to develop, source, market and distribute healthcare related consumer products in the global market and possibly acquire an existing target company or business in the related field which operates in the United States. Activities during the development stage include developing a business plan and raising capital. Until additional funding is raised through selling the Company common shares, the majority shareholder anticipates funding the Company’s operating costs. There is no assurance that the Company will be able to successfully raise additional funds. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended | ||||||
Apr. 30, 2014 | |||||||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block] | ' | ||||||
NOTE 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 has not generated significant revenues to date; accordingly, the Company is considered a development stage enterprise as defined in ASC 915, "Accounting and Reporting for Development Stage Companies." The Company is subject to a number of risks similar to those of other companies in an early stage of development. | |||||||
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 resulting in an accumulated deficit of $1,105,021 as of April 30, 2014 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 to obtain 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 sale of common stock. | |||||||
The Company will depend almost exclusively on outside capital to complete the development of a business plan. Such outside capital will include proceeds from the issuance of equity securities and may include commercial borrowing. There can be no assurance that capital will be available as necessary to meet these development costs or, if the capital is available, that it will be on terms acceptable to the Company. | |||||||
The issuances of additional equity securities by the Company may result in a significant dilution in the equity interests of its current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase the Company's liabilities and future cash commitments. | |||||||
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. The company maintains cash and cash equivalents with a financial institution in the U.S. Cash and cash equivalents consisted of cash and money market accounts at April 30, 2014. | |||||||
Use of Estimates and Assumptions | |||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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. Actual results could differ from those estimates. In management’s opinion, all adjustments necessary for a fair statement of the results for the interim periods have been made, and all adjustments are of a normal recurring nature. | |||||||
Fair Value of Financial Instruments | |||||||
The Company adopted ASC 820, Fair Value Measurements and Disclosure (“ASC 820”) for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures. | |||||||
ASC 820 defines fair value as the price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below: | |||||||
Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities | |||||||
Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data | |||||||
Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. | |||||||
The Company did not identify any assets and liabilities that are required to be presented on the condensed balance sheets at fair value in accordance with the relevant accounting standards. | |||||||
The carrying values of accounts payables and debts approximate their fair values due to the short maturities of these instruments. | |||||||
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. | |||||||
Income Taxes | |||||||
Income taxes are accounted for under the assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. | |||||||
For the Years Ended April 30, | |||||||
2014 | 2013 | ||||||
Expected income tax expense(recovery) at the statutory rate of 34% | $ | (165,659 | ) | $ | (15,231 | ) | |
Tax effect of expenses that are not deductible for income tax purposes (net of other amounts deductible for tax purposes) | - | - | |||||
Change in valuation allowance | 165,659 | 15,231 | |||||
Provision for income taxes | $ | - | $ | - | |||
The components of deferred income taxes are as follow: | |||||||
For the Years Ended April 30, | |||||||
2014 | 2013 | ||||||
Deferred income tax asset: | |||||||
Net operating loss carryforwards | $ | 191,117 | $ | 21,458 | |||
Valuation allowance | (191,117 | ) | (21,458 | ) | |||
Deferred income taxes | $ | - | $ | - | |||
As of April 30, 2014, the Company has a net operating loss carryforward (“NOL”) of approximately $191,000 available to offset future taxable income through 2033. The NOL is limited under Section 382 of the Internal Revenue Code of 1986 if a change in control or ownership should occur. On March 12, 2013, a change of control occurred which will substantially limit the use of our current NOL in the future. The increases in the valuation allowance at April 30, 2014 and 2013 from their immediate prior year end was $165,659 and $15,231, respectively. | |||||||
Basic and Diluted Loss Per Share | |||||||
The Company computes loss per share in accordance with “ASC-260”, “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 shareholders 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 has no potential dilutive instruments and accordingly basic loss and diluted loss per share are equal. | |||||||
Fiscal Periods | |||||||
The Company's fiscal year end is April 30. | |||||||
Related Parties | |||||||
Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions. All transactions shall be recorded at fair value of the goods or services exchanged. Property purchased from a related party is recorded at the cost to the related party and any payment to or on behalf of the related party in excess of the cost is reflected as a distribution to related party. | |||||||
Recent Accounting Pronouncements | |||||||
In July 2013, the Financial Accounting Standards Board issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists , which concludes an unrecognized tax benefit should be presented as a reduction of a deferred tax asset when settlement in this manner is available under the tax law. The amendments are effective for reporting periods beginning after December 15, 2013. Early adoption is permitted. The Company does not expect the adoption of ASU No. 2013-11 will have a significant effect on its financial statements. | |||||||
Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures. |
RELATED_PARTY_TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Apr. 30, 2014 | |
RELATED PARTY TRANSACTIONS [Text Block] | ' |
NOTE 3 RELATED PARTY TRANSACTIONS | |
For the year ended April 30, 2014, the Company’s majority shareholder loaned the Company $58,449 for general expenses and professional fees and the Company repaid the major shareholder $48,040. The loans are non-interest bearing, due upon demand and unsecured. For the year ended April 30, 2013, a former Director had loaned the Company $600 for professional fees and the Company’s majority shareholder loaned the Company $27,113 for general expenses and professional fees. The loans are non-interest bearing, due upon demand and unsecured. In connection with the change of control on March 12, 2013, a former director forgave the loans of $3,785 and the amount was recorded by the Company as contributed capital. At April 30, 2014 and 2013, the Company’s loans from the major shareholder amounted to $37,522 and $27,113, respectively. | |
Other payables-related parties consist of accrued salary payable to the Company’s officers. The amounts are expected to be repaid in the form of cash. At April 30, 2014 and 2013, the Company’s other payable- related parties to $2,333 and $0, respectively. |
STOCKHOLDERS_EQUITY_DEFICIT
STOCKHOLDERS EQUITY (DEFICIT) | 12 Months Ended |
Apr. 30, 2014 | |
STOCKHOLDERS EQUITY (DEFICIT) [Text Block] | ' |
NOTE 4 STOCKHOLDERS’ EQUITY (DEFICIT) | |
The authorized capital of the Company is 1,500,000,000 common shares with a par value of $0.001 per share. | |
On March 12, 2013, in connection with the change in control, a former director forgave loans of $3,785 and this was recorded by the Company as contributed capital. | |
On July 19, 2013, the Company issued 49,330,000 shares of common stock at a price of $0.03 per share for total gross cash proceeds of $1,479,900 in a private placement transaction. The Company incurred $31,104 offering costs related to the private placement. | |
On March 31, 2014, the Company received written consent from the board of directors to carry out a private placement of up to 170,000,000 shares of common stock at a price of $0.07 per share for maximum gross proceeds of $11,900,000 (the “Private Placement”). |
SUBSEQUENT_EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Apr. 30, 2014 | |
SUBSEQUENT EVENTS [Text Block] | ' |
NOTE 5 SUBSEQUENT EVENTS | |
On May 30, 2014, the Company acquired Dao Sheng Trading Limited (“Dao Sheng”), a limited liability company incorporated in Hong Kong on December 5, 2013, for HKD 10,000 (USD1,290). Dao Sheng is a product trading company based in Hong Kong. On May 19, 2014, the Company incorporated Joymain International Intellectual Property Limited (“Joymain Intellectual”), a limited liability company, in Hong Kong. Joymain Intellectual is a product research and development company based in Hong Kong. |
Recovered_Sheet1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||
Apr. 30, 2014 | |||||||
Development Stage Company [Policy Text Block] | ' | ||||||
Development Stage Company | |||||||
The Company has not generated significant revenues to date; accordingly, the Company is considered a development stage enterprise as defined in ASC 915, "Accounting and Reporting for Development Stage Companies." The Company is subject to a number of risks similar to those of other companies in an early stage of development. | |||||||
Going Concern [Policy Text Block] | ' | ||||||
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 resulting in an accumulated deficit of $1,105,021 as of April 30, 2014 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 to obtain 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 sale of common stock. | |||||||
The Company will depend almost exclusively on outside capital to complete the development of a business plan. Such outside capital will include proceeds from the issuance of equity securities and may include commercial borrowing. There can be no assurance that capital will be available as necessary to meet these development costs or, if the capital is available, that it will be on terms acceptable to the Company. | |||||||
The issuances of additional equity securities by the Company may result in a significant dilution in the equity interests of its current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase the Company's liabilities and future cash commitments. | |||||||
Cash and Cash Equivalents [Policy Text Block] | ' | ||||||
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. The company maintains cash and cash equivalents with a financial institution in the U.S. Cash and cash equivalents consisted of cash and money market accounts at April 30, 2014. | |||||||
Use of Estimates and Assumptions [Policy Text Block] | ' | ||||||
Use of Estimates and Assumptions | |||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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. Actual results could differ from those estimates. In management’s opinion, all adjustments necessary for a fair statement of the results for the interim periods have been made, and all adjustments are of a normal recurring nature. | |||||||
Fair Value of Financial Instruments [Policy Text Block] | ' | ||||||
Fair Value of Financial Instruments | |||||||
The Company adopted ASC 820, Fair Value Measurements and Disclosure (“ASC 820”) for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures. | |||||||
ASC 820 defines fair value as the price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below: | |||||||
Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities | |||||||
Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data | |||||||
Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. | |||||||
The Company did not identify any assets and liabilities that are required to be presented on the condensed balance sheets at fair value in accordance with the relevant accounting standards. | |||||||
The carrying values of accounts payables and debts approximate their fair values due to the short maturities of these instruments. | |||||||
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. | |||||||
Income Taxes [Policy Text Block] | ' | ||||||
Income Taxes | |||||||
Income taxes are accounted for under the assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. | |||||||
For the Years Ended April 30, | |||||||
2014 | 2013 | ||||||
Expected income tax expense(recovery) at the statutory rate of 34% | $ | (165,659 | ) | $ | (15,231 | ) | |
Tax effect of expenses that are not deductible for income tax purposes (net of other amounts deductible for tax purposes) | - | - | |||||
Change in valuation allowance | 165,659 | 15,231 | |||||
Provision for income taxes | $ | - | $ | - | |||
The components of deferred income taxes are as follow: | |||||||
For the Years Ended April 30, | |||||||
2014 | 2013 | ||||||
Deferred income tax asset: | |||||||
Net operating loss carryforwards | $ | 191,117 | $ | 21,458 | |||
Valuation allowance | (191,117 | ) | (21,458 | ) | |||
Deferred income taxes | $ | - | $ | - | |||
As of April 30, 2014, the Company has a net operating loss carryforward (“NOL”) of approximately $191,000 available to offset future taxable income through 2033. The NOL is limited under Section 382 of the Internal Revenue Code of 1986 if a change in control or ownership should occur. On March 12, 2013, a change of control occurred which will substantially limit the use of our current NOL in the future. The increases in the valuation allowance at April 30, 2014 and 2013 from their immediate prior year end was $165,659 and $15,231, respectively. | |||||||
Basic and Diluted Loss Per Share [Policy Text Block] | ' | ||||||
Basic and Diluted Loss Per Share | |||||||
The Company computes loss per share in accordance with “ASC-260”, “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 shareholders 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 has no potential dilutive instruments and accordingly basic loss and diluted loss per share are equal. | |||||||
Fiscal Periods [Policy Text Block] | ' | ||||||
Fiscal Periods | |||||||
The Company's fiscal year end is April 30. | |||||||
Related parties [Policy Text Block] | ' | ||||||
Related Parties | |||||||
Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions. All transactions shall be recorded at fair value of the goods or services exchanged. Property purchased from a related party is recorded at the cost to the related party and any payment to or on behalf of the related party in excess of the cost is reflected as a distribution to related party. | |||||||
Recent accounting pronouncements [Policy Text Block] | ' | ||||||
Recent Accounting Pronouncements | |||||||
In July 2013, the Financial Accounting Standards Board issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists , which concludes an unrecognized tax benefit should be presented as a reduction of a deferred tax asset when settlement in this manner is available under the tax law. The amendments are effective for reporting periods beginning after December 15, 2013. Early adoption is permitted. The Company does not expect the adoption of ASU No. 2013-11 will have a significant effect on its financial statements. | |||||||
Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended | ||||||
Apr. 30, 2014 | |||||||
Schedule of Provision for Income Taxes [Table Text Block] | ' | ||||||
For the Years Ended April 30, | |||||||
2014 | 2013 | ||||||
Expected income tax expense(recovery) at the statutory rate of 34% | $ | (165,659 | ) | $ | (15,231 | ) | |
Tax effect of expenses that are not deductible for income tax purposes (net of other amounts deductible for tax purposes) | - | - | |||||
Change in valuation allowance | 165,659 | 15,231 | |||||
Provision for income taxes | $ | - | $ | - | |||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||
For the Years Ended April 30, | |||||||
2014 | 2013 | ||||||
Deferred income tax asset: | |||||||
Net operating loss carryforwards | $ | 191,117 | $ | 21,458 | |||
Valuation allowance | (191,117 | ) | (21,458 | ) | |||
Deferred income taxes | $ | - | $ | - |
ORGANIZATION_AND_BUSINESS_OPER1
ORGANIZATION AND BUSINESS OPERATIONS (Narrative) (Details) (USD $) | 0 Months Ended | 0 Months Ended | |||||
Apr. 10, 2013 | Apr. 30, 2014 | Apr. 30, 2013 | Apr. 09, 2013 | Mar. 28, 2013 | Mar. 27, 2013 | Mar. 12, 2013 | |
Majority Shareholder [Member] | |||||||
Aggregate number of common shares owned | ' | ' | ' | ' | ' | ' | 750,000,000 |
Ownership percentage | ' | ' | ' | ' | ' | ' | 82.92% |
Common Stock, Shares Authorized | 904,500,000 | 1,500,000,000 | 1,500,000,000 | 3,015,000 | 1,500,000,000 | 75,000,000 | ' |
Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | $0.00 | ' | $0.00 | ' | ' |
Forward stock split | 300 | ' | ' | ' | ' | ' | ' |
SUMMARY_OF_SIGNIFICANT_ACCOUNT2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $) | 12 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Working capital deficiency | $191,000 | ' |
Accumulated deficit | 1,105,021 | 939,362 |
Change in valuation allowance | $165,659 | $15,231 |
RELATED_PARTY_TRANSACTIONS_Nar
RELATED PARTY TRANSACTIONS (Narrative) (Details) (USD $) | 12 Months Ended | 45 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | Apr. 30, 2014 | |
Due to related parties | $37,522 | $27,113 | $37,522 |
Repayment of related party debt | 48,040 | 5,663 | 53,703 |
Forgiveness of debt | ' | 3,785 | ' |
Other payable - related parties | 2,333 | 0 | 2,333 |
Professional fees [Member] | Former Director [Member] | ' | ' | ' |
Related party transactions, amount of transactions | ' | 600 | ' |
General expenses and professional fees [Member] | Majority Shareholder [Member] | ' | ' | ' |
Related party transactions, amount of transactions | $58,449 | $27,113 | ' |
STOCKHOLDERS_EQUITY_DEFICIT_Na
STOCKHOLDERS EQUITY (DEFICIT) (Narrative) (Details) (USD $) | 12 Months Ended | 45 Months Ended | 1 Months Ended | 12 Months Ended | |||||
Apr. 30, 2014 | Apr. 30, 2013 | Apr. 30, 2014 | Apr. 10, 2013 | Apr. 09, 2013 | Mar. 28, 2013 | Mar. 27, 2013 | Jul. 19, 2013 | Apr. 30, 2014 | |
Private Placement [Member] | Private Placement [Member] | ||||||||
Common Stock, Shares Authorized | 1,500,000,000 | 1,500,000,000 | 1,500,000,000 | 904,500,000 | 3,015,000 | 1,500,000,000 | 75,000,000 | ' | 170,000,000 |
Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | ' | $0.00 | ' | ' | ' |
Equity issuance, per share amount | ' | ' | ' | ' | ' | ' | ' | $0.03 | $0.07 |
Stock issued during the period | ' | ' | ' | ' | ' | ' | ' | 49,330,000 | ' |
Proceeds from Issuance of Private Placement | ' | ' | ' | ' | ' | ' | ' | $1,479,900 | $11,900,000 |
Forgiveness of debt | ' | 3,785 | ' | ' | ' | ' | ' | ' | ' |
Payments of Stock Issuance Costs | $31,104 | $0 | $31,104 | ' | ' | ' | ' | $31,104 | ' |
SUBSEQUENT_EVENTS_Narrative_De
SUBSEQUENT EVENTS (Narrative) (Details) (Subsequent Event [Member]) | 1 Months Ended | |
30-May-14 | 30-May-14 | |
USD ($) | HKD | |
Consideration for Business Acquisition | $1,290 | 10,000 |
Schedule_of_Provision_for_Inco
Schedule of Provision for Income Taxes (Details) (USD $) | 12 Months Ended | 45 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | Apr. 30, 2014 | |
Statutory income tax rate | 34.00% | ' | ' |
Expected income tax recovery (expense) at the statutory rate of 34% | ($165,659) | ($15,231) | ' |
Tax effect of expenses that are not deductible for income tax purposes | 0 | 0 | ' |
Change in valuation allowance | 165,659 | 15,231 | ' |
Provision for income taxes | $0 | $0 | $0 |
Schedule_of_Deferred_Tax_Asset
Schedule of Deferred Tax Assets and Liabilities (Details) (USD $) | Apr. 30, 2014 | Apr. 30, 2013 |
Net operating loss carryforwards | $191,117 | $21,458 |
Valuation allowance | -191,117 | -21,458 |
Deferred income taxes | $0 | $0 |