| Document and Entity Information (USD $) | 12 Months Ended | ||
| Dec. 31, 2012 | Aug. 20, 2014 | Jun. 30, 2012 | |
| Document And Entity Information | ' | ' | ' |
| Entity Registrant Name | 'Kronos Ventures Corp. | ' | ' |
| Entity Central Index Key | '0001522120 | ' | ' |
| Document Type | '10-K | ' | ' |
| Document Period End Date | 31-Dec-12 | ' | ' |
| Amendment Flag | 'false | ' | ' |
| Current Fiscal Year End Date | '--12-31 | ' | ' |
| Is Entity a Well-known Seasoned Issuer? | 'No | ' | ' |
| Is Entity a Voluntary Filer? | 'Yes | ' | ' |
| Is Entity's Reporting Status Current? | 'No | ' | ' |
| Entity Filer Category | 'Smaller Reporting Company | ' | ' |
| Entity Public Float | ' | ' | $3,139 |
| Entity Common Stock, Shares Outstanding | ' | 31,390,000 | ' |
| Document Fiscal Period Focus | 'FY | ' | ' |
| Document Fiscal Year Focus | '2012 | ' | ' |
| BALANCE SHEETS (USD $) | Dec. 31, 2012 |
| Current Assets | ' |
| Cash and cash equivalents | ' |
| Total Current Assets | ' |
| TOTAL ASSETS | 0 |
| Current Liabilities | ' |
| Total Current Liabilities | ' |
| TOTAL LIABILITIES | ' |
| Stockholders' Equity | ' |
| Preferred stock, par value $0.0001 per share; 20,000,000 shares authorized at December 31, 2012; none issued at December 31, 2012. | ' |
| Common stock, par value $0.0001 per share; 500,000,000 shares authorized at December 31, 2012; 31,390,000 shares issued and outstanding at December 31, 2012. | 3,139 |
| Additional Paid In Capital | ' |
| Deficit accumulated during developmental stage | -3,139 |
| Total Stockholders' Equity | ' |
| TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $0 |
| BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2012 |
| Balance Sheets Parenthetical | ' |
| Preferred stock, par value | $0.00 |
| Preferred stock, shares authorized | 20,000,000 |
| Preferred stock, shares issued | ' |
| Preferred stock, shares outstanding | ' |
| Common stock, par value | $0.00 |
| Common stock, shares authorized | 500,000,000 |
| Common stock, shares issued | 31,390,000 |
| Common stock, shares outstanding | 31,390,000 |
| STATEMENTS OF OPERATIONS (USD $) | 11 Months Ended | 12 Months Ended |
| Dec. 31, 2012 | Dec. 31, 2012 | |
| Revenues | ' | ' |
| Revenues | ' | ' |
| Total revenues | ' | ' |
| General & Administrative Expenses | ' | ' |
| Professional fees | 0 | ' |
| Courier | 0 | ' |
| Legal, organization and related expenses | 3,139 | 3,139 |
| Total General & Administrative expenses | 3,139 | 3,139 |
| Net Loss | ($3,139) | ($3,139) |
| Basic loss Per Share | ' | ($0.00) |
| Basic weighted average number of shares outstanding | ' | 31,390,000 |
| STATEMENTS OF CASH FLOWS (USD $) | 11 Months Ended | 12 Months Ended |
| Dec. 31, 2012 | Dec. 31, 2012 | |
| OPERATING ACTIVITIES | ' | ' |
| Net loss | ($3,139) | ($3,139) |
| Net cash used in operating activities | -3,139 | -3,139 |
| FINANCING ACTIVITIES | ' | ' |
| Proceeds from issuance of common stock | 3,139 | 3,139 |
| Net cash provided by financing activities | 3,139 | 3,139 |
| Net increase in cash and cash equivalents | ' | ' |
| Cash and cash equivalents, beginning of period | ' | ' |
| Cash and cash equivalents, end of period | ' | ' |
| Supplemental disclosures of cash flow information: | ' | ' |
| Cash paid during the period for interest | ' | ' |
| Cash paid during the period for taxes | ' | ' |
| STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Audited) (USD $) | Common Stock | Additional Paid-In Capital | Deficit Accumulated During Development Stage | Total |
| Beginning Balance, Amount at Jan. 31, 2012 | ' | ' | ' | ' |
| Beginning Balance, Shares at Jan. 31, 2012 | ' | ' | ' | ' |
| Shares issued for services at $0.0001 per share, Amount | 3,139 | ' | ' | 3,139 |
| Shares issued for services at $0.0001 per share, Shares | 31,390,000 | ' | ' | ' |
| Net Loss | ' | ' | -3,139 | -3,139 |
| Ending Balance, Amount at Dec. 31, 2012 | $3,139 | ' | ($3,139) | ' |
| Ending Balance, Shares at Dec. 31, 2012 | 31,390,000 | ' | ' | ' |
| ORGANIZATION AND DESCRIPTION OF BUSINESS | 12 Months Ended |
| Dec. 31, 2012 | |
| Organization And Description Of Business | ' |
| 1. ORGANIZATION AND DESCRIPTION OF BUSINESS | ' |
| Kronos Ventures Corp. (the "Company"), a development stage company, was incorporated under the laws of the State of Delaware on January 31, 2012. The Company intends to serve as a vehicle to effect an asset acquisition, merger, exchange of capital stock or other business combination with a domestic or foreign business. The company has been inactive since its inception. |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended | |
| Dec. 31, 2012 | ||
| Summary Of Significant Accounting Policies | ' | |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' | |
| BASIS OF PRESENTATION - DEVELOPMENT STAGE COMPANY | ||
| The Company has not earned any revenue from operations. Accordingly, the Company’s activities have been accounted for as those of a “Development Stage Company” as set forth in Financial Accounting Standards Board Accounting Standards Codification 915 (“FASB ASC 915”). Among the disclosures required by FASB ASC 915 are that the Company’s financial statements be identified as those of a development stage company, and that the statements of operations, stockholders’ equity and cash flows disclose activity since the date of the Company’s inception. | ||
| Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented. | ||
| ACCOUNTING METHOD | ||
| The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a fiscal year ending on December 31. | ||
| USE OF ESTIMATES | ||
| The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States of America 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. | ||
| CASH AND CASH EQUIVALENTS | ||
| The Company considers all highly liquid investments with original maturities from date of purchase of three months or less to be cash equivalents. Cash and equivalents consist of cash on deposit with domestic banks and, at times, may exceed federally insured limits. | ||
| ORGANIZATIONAL COSTS | ||
| Organizational costs represent management, consulting, legal, accounting, and filing fees incurred to date in the formation of the company. Organizational costs are expensed as incurred in accordance with FASB ASC 720-15, “Start-Up Costs”. | ||
| INCOME TAXES | ||
| The Company has adopted the provisions of FASB ASC 740, “Accounting for Income Taxes" which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the consolidated 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 basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. | ||
| BASIC EARNINGS (LOSS) PER SHARE | ||
| The Company uses Topic 260 “Earnings Per Share”, for calculating the basic and diluted loss per share. The Company computes basic loss per share by dividing net loss and net loss attributable to common stockholders by the weighted average number of common shares outstanding. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential shares had been issued and if the additional shares were dilutive. Common equivalent shares are excluded from the computation of net loss per share if their effect is anti-dilutive. At December 31, 2012, the Company did not have any stock equivalents. | ||
| FAIR VALUE MEASUREMENTS | ||
| GAAP defines fair value, provides guidance for measuring fair value and requires certain disclosures. GAAP utilizes a fair value hierarchy which is categorized into three levels based on the inputs to the valuation techniques used to measure fair value. These principles discuss valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flows) and the cost approach (cost to replace the service capacity of an asset or replacement cost). These principles provide for a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: | ||
| Level 1: | Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. | |
| Level 2: | Inupts other than quoted prices that is observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. | |
| Level 3: | Unobservable inputs that reflect the Company's assumptions. | |
| The Company’s financial instruments consist of accounts payable and accrued expenses. The carrying value approximates fair value due to the short maturity of these instruments. | ||
| STOCK-BASED COMPENSATION | ||
| The Company recognizes the services received or goods acquired in a share-based payment transaction as services are received or when it obtains the goods as an increase in equity or a liability, depending on whether the instruments granted satisfy the equity or liability classification criteria [ASC 718-10-25-2, Compensation-Stock Compensation, Recognition]. | ||
| A share-based payment transaction with employees is measured base on the fair value (or, in some cases, a calculated or intrinsic value) of the equity instrument issued. If the fair value of goods or services received in a share-based payment with non-employees is more reliably measurable than the fair value of the equity instrument issued, the fair value of the goods or services received shall be used to measure the transaction. Conversely, if the fair value of the equity instruments issued in a share-based payment transaction with non-employees is more reliably measurable than the fair value of the consideration received, the transaction is measured at the fair value of the equity instruments issued [ASC 718-10-30-2, Compensation-Stock Compensation, Initial Measurement]. | ||
| The cost of services received from employees in exchange for awards of share-based compensation generally is measured at the fair value of the equity instruments issued or at the fair value of the liabilities incurred. The fair value of the liabilities incurred in share-based transactions with employees is remeasured at the end of each reporting period until settlement [ASC 718-10-30-3, Compensation-Stock Compensation, Initial Measurement]. | ||
| Share-based payments awarded to an employee of the reporting entity by a related party or other holder of an economic interest in the entity as compensation for services provided to the entity are share-based transactions to be accounted for under ASC 718 unless the transfer is clearly for a purpose other than compensation for services to the reporting entity. The substance of such a transaction is that the economic interest holder makes a capital contribution to the reporting entity and that entity makes a share-based payment to its employee in exchange for services rendered [ASC 718-10-15-4, Compensation-Stock Compensation, Scope and Scope Exceptions]. | ||
| IMPACT OF NEW ACCOUNTING STANDARDS | 12 Months Ended |
| Dec. 31, 2012 | |
| Impact Of New Accounting Standards | ' |
| 3. IMPACT OF NEW ACCOUNTING STANDARDS | ' |
| 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. |
| GOING CONCERN | 12 Months Ended |
| Dec. 31, 2012 | |
| Going Concern | ' |
| 4. GOING CONCERN | ' |
| The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established any source of revenue to cover its operating costs. The Company will engage in very limited activities without incurring any liabilities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders. |
| INCOME TAXES | 12 Months Ended |
| Dec. 31, 2012 | |
| Income Taxes | ' |
| 5. INCOME TAXES | ' |
| For the period from JANUARY 31, 2012(Date of Inception) through December 31, 2012, the Company has incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is approximately $3,139 at December 31, 2012, and will expire in the year 2032. As of December 31, 2012, the Company had a deferred tax asset amounting to approximately $1,068. Realization of deferred tax assets is dependent on future earnings, if any, the timing and amount of which is uncertain. Accordingly, the deferred tax asset has been fully offset by a valuation allowance of the same amount. | |
| Certain provisions of the tax law may limit net operating loss carryforwards available for use in any given year in the event of a significant change in ownership. |
| RELATED PARTY TRANSACTION | 12 Months Ended |
| Dec. 31, 2012 | |
| Related Party Transaction | ' |
| 6. RELATED PARTY TRANSACTION | ' |
| EQUITY TRANSACTION | |
| On January 31, 2012 (Date of Inception), the Company issued 31,390,000 shares of common stock to the founding shareholder in exchange for incorporation fees of $89, annual resident agent fees in the State of Delaware for $50, and developing the Company’s business concept and plan valued at $3,000 to a total sum of $3,139. |
| STOCKHOLDER'S EQUITY | 12 Months Ended |
| Dec. 31, 2012 | |
| Stockholders' Equity | ' |
| 7. STOCKHOLDER'S EQUITY | ' |
| The Company’s Articles of Incorporation authorize 500,000,000 shares of $0.0001 par value Common Stock and 20,000,000 shares of $0.0001 par value Preferred Stock. | |
| On January 31, 2012 (Date of Inception), the Company issued 31,390,000 shares of common stock to the founding shareholder in exchange for incorporation related fees and service totaling of $3,139. | |
| On December 26, 2012, a share purchase agreement was made between the Company’s founding shareholder and Gain Delight Trading Ltd. Pursuant to this agreement, the Company’s founding shareholder sold his 93% of common stock shares, or 29,192,700 shares of common stock to Gain Delight Trading Ltd. for cash consideration of $25,000. The transfer was consummated on December 28, 2012. | |
| Since January 31, 2012, the date of inception, the Company has issued total of 31,390,000 shares of common stock in exchange for incorporation related fees and services. |
| SUBSEQUENT EVENTS | 12 Months Ended |
| Dec. 31, 2012 | |
| Subsequent Events | ' |
| 8. SUBSEQUENT EVENTS | ' |
| EQUITY TRANSACTION | |
| On September 11, 2013, a share purchase agreement was made between the Company’s founding shareholder (the seller) and Gain Delight Trading Ltd. (the purchaser). Pursuant to this agreement, the Company’s founding shareholder sold his rest of 7% of the Company’s total common stock shares, or 2,197,300 shares of common stock to Gain Delight Trading Ltd for cash consideration of $3,500. The transfer of the shares was consummated on September 18, 2013. |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended | |
| Dec. 31, 2012 | ||
| Summary Of Significant Accounting Policies Policies | ' | |
| Basis of Presentation - Development Stage Company | ' | |
| The Company has not earned any revenue from operations. Accordingly, the Company’s activities have been accounted for as those of a “Development Stage Company” as set forth in Financial Accounting Standards Board Accounting Standards Codification 915 (“FASB ASC 915”). Among the disclosures required by FASB ASC 915 are that the Company’s financial statements be identified as those of a development stage company, and that the statements of operations, stockholders’ equity and cash flows disclose activity since the date of the Company’s inception. | ||
| Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented. | ||
| Accounting Method | ' | |
| The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a fiscal year ending on December 31. | ||
| Use of Estimates | ' | |
| The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States of America 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. | ||
| Cash And Cash Equivalents | ' | |
| The Company considers all highly liquid investments with original maturities from date of purchase of three months or less to be cash equivalents. Cash and equivalents consist of cash on deposit with domestic banks and, at times, may exceed federally insured limits. | ||
| Organizational Costs | ' | |
| Organizational costs represent management, consulting, legal, accounting, and filing fees incurred to date in the formation of the company. Organizational costs are expensed as incurred in accordance with FASB ASC 720-15, “Start-Up Costs”. | ||
| Income Taxes | ' | |
| The Company has adopted the provisions of FASB ASC 740, “Accounting for Income Taxes" which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the consolidated 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 basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. | ||
| Basic Earnings (Loss) Per Share | ' | |
| The Company uses Topic 260 “Earnings Per Share”, for calculating the basic and diluted loss per share. The Company computes basic loss per share by dividing net loss and net loss attributable to common stockholders by the weighted average number of common shares outstanding. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential shares had been issued and if the additional shares were dilutive. Common equivalent shares are excluded from the computation of net loss per share if their effect is anti-dilutive. At December 31, 2012, the Company did not have any stock equivalents. | ||
| Fair Value Measurements | ' | |
| GAAP defines fair value, provides guidance for measuring fair value and requires certain disclosures. GAAP utilizes a fair value hierarchy which is categorized into three levels based on the inputs to the valuation techniques used to measure fair value. These principles discuss valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flows) and the cost approach (cost to replace the service capacity of an asset or replacement cost). These principles provide for a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: | ||
| Level 1: | Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. | |
| Level 2: | Inupts other than quoted prices that is observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. | |
| Level 3: | Unobservable inputs that reflect the Company's assumptions. | |
| The Company’s financial instruments consist of accounts payable and accrued expenses. The carrying value approximates fair value due to the short maturity of these instruments. | ||
| Stock-Based Compensation | ' | |
| The Company recognizes the services received or goods acquired in a share-based payment transaction as services are received or when it obtains the goods as an increase in equity or a liability, depending on whether the instruments granted satisfy the equity or liability classification criteria [ASC 718-10-25-2, Compensation-Stock Compensation, Recognition]. | ||
| A share-based payment transaction with employees is measured base on the fair value (or, in some cases, a calculated or intrinsic value) of the equity instrument issued. If the fair value of goods or services received in a share-based payment with non-employees is more reliably measurable than the fair value of the equity instrument issued, the fair value of the goods or services received shall be used to measure the transaction. Conversely, if the fair value of the equity instruments issued in a share-based payment transaction with non-employees is more reliably measurable than the fair value of the consideration received, the transaction is measured at the fair value of the equity instruments issued [ASC 718-10-30-2, Compensation-Stock Compensation, Initial Measurement]. | ||
| The cost of services received from employees in exchange for awards of share-based compensation generally is measured at the fair value of the equity instruments issued or at the fair value of the liabilities incurred. The fair value of the liabilities incurred in share-based transactions with employees is remeasured at the end of each reporting period until settlement [ASC 718-10-30-3, Compensation-Stock Compensation, Initial Measurement]. | ||
| Share-based payments awarded to an employee of the reporting entity by a related party or other holder of an economic interest in the entity as compensation for services provided to the entity are share-based transactions to be accounted for under ASC 718 unless the transfer is clearly for a purpose other than compensation for services to the reporting entity. The substance of such a transaction is that the economic interest holder makes a capital contribution to the reporting entity and that entity makes a share-based payment to its employee in exchange for services rendered [ASC 718-10-15-4, Compensation-Stock Compensation, Scope and Scope Exceptions]. | ||
| INCOME TAXES (Details Narrative) (USD $) | 12 Months Ended |
| Dec. 31, 2012 | |
| Income Taxes Details Narrative | ' |
| Net operating loss carry-forward | $3,139 |
| Expiry period | '2032 |
| Deferred tax asset | $1,068 |
| STOCKHOLDER'S EQUITY (Details Narrative) (USD $) | Dec. 31, 2012 |
| Stockholders Equity Details Narrative | ' |
| Preferred stock, par value | $0.00 |
| Preferred stock, shares authorized | 20,000,000 |
| Preferred stock, shares issued | ' |
| Preferred stock, shares outstanding | ' |
| Common stock, par value | $0.00 |
| Common stock, shares authorized | 500,000,000 |
| Common stock, shares issued | 31,390,000 |
| Common stock, shares outstanding | 31,390,000 |
