| Document and Entity Information | 6 Months Ended | |
| Jun. 30, 2014 | Aug. 20, 2014 | |
| Document And Entity Information | ' | ' |
| Entity Registrant Name | 'Kronos Ventures Corp. | ' |
| Entity Central Index Key | '0001522120 | ' |
| Document Type | '10-Q | ' |
| Document Period End Date | 30-Jun-14 | ' |
| 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? | 'Yes | ' |
| Entity Filer Category | 'Smaller Reporting Company | ' |
| Entity Common Stock, Shares Outstanding | ' | 31,390,000 |
| Document Fiscal Period Focus | 'Q2 | ' |
| Document Fiscal Year Focus | '2014 | ' |
| INTERIM BALANCE SHEETS (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| Current Assets | ' | ' |
| Cash | ' | ' |
| Total Current Assets | ' | ' |
| TOTAL ASSETS | ' | ' |
| Current Liabilities | ' | ' |
| Accounts payable and accrued expenses | 5,800 | ' |
| Total Current Liabilities | 5,800 | ' |
| TOTAL LIABILITIES | 5,800 | ' |
| Stockholders' Equity (Deficit) | ' | ' |
| Preferred stock ($.0001 par value, 20,000,000 shares authorized; none issued and outstanding) | ' | ' |
| Common stock ($.0001 par value, 500,000,000 shares authorized, 31,390,000 shares issued and outstanding as of June 30, 2014 and December 31, 2013) | 3,139 | 3,139 |
| Deficit accumulated during developmental stage | -8,930 | -3,139 |
| Total Stockholders' Equity (Deficit) | -5,800 | ' |
| TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) | ' | ' |
| INTERIM BALANCE SHEETS (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| Interim Balance Sheets Parenthetical | ' | ' |
| Preferred stock, par value | $0.00 | $0.00 |
| Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
| Preferred stock, shares issued | 0 | 0 |
| Preferred stock, shares outstanding | 0 | 0 |
| Common stock, par value | $0.00 | $0.00 |
| Common stock, shares authorized | 500,000,000 | 500,000,000 |
| Common stock, shares issued | 31,390,000 | 31,390,000 |
| Common stock, shares outstanding | 31,390,000 | 31,390,000 |
| INTERIM STATEMENTS OF OPERATIONS (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | 29 Months Ended | ||
| Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | |
| Interim Statements Of Operations | ' | ' | ' | ' | ' |
| Revenues | ' | ' | ' | ' | ' |
| Total Revenues | ' | ' | ' | ' | ' |
| General & Administrative Expenses | ' | ' | ' | ' | ' |
| Professional fee | 5,800 | ' | 5,800 | ' | 5,800 |
| Organization and related expenses | ' | ' | ' | 3,139 | 3,139 |
| Total General & Administrative expenses | 5,800 | ' | 5,800 | 3,139 | 8,939 |
| Net Loss | ($5,800) | ' | ($5,800) | ($3,139) | ($8,939) |
| Basic and Diluted Loss Per Share | $0 | $0 | $0 | $0 | ' |
| Weighted average number of common shares outstanding | 31,390,000 | 31,390,000 | 31,390,000 | 31,390,000 | ' |
| INTERIM STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 6 Months Ended | 29 Months Ended | |
| Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' |
| Net loss | ($5,800) | ($3,139) | ($8,939) |
| Adjustment to reconcile net loss to net cash provided by (used in) operating activities: | ' | ' | ' |
| Common stock issued to Founder for services rendered | ' | ' | 3,139 |
| Accounts payable and accrued expenses | 5,800 | ' | 5,800 |
| Net cash provided by (used in) operating activities | 0 | 0 | 0 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' |
| Net cash provided by (used in ) investing activities | ' | ' | ' |
| CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' |
| Proceeds from issuance of common stock shares | ' | ' | ' |
| Net cash provided by (used in) financing activities | 0 | 0 | 0 |
| Net increase (decrease) in cash | ' | ' | ' |
| Cash at beginning of period | ' | ' | ' |
| Cash at the end of period | ' | ' | ' |
| NONCASH INVESTING AND FINANCING ACTIVITIES: | ' | ' | ' |
| Common stock issued to founder for services rendered | ' | 3,139 | 3,139 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ' | ' | ' |
| Interest paid | ' | ' | ' |
| Income taxes paid | ' | ' | ' |
| ORGANIZATION AND DESCRIPTION OF BUSINESS | 6 Months Ended |
| Jun. 30, 2014 | |
| 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 and has been inactive since inception. 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. |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
| Jun. 30, 2014 | |
| Summary Of Significant Accounting Policies | ' |
| 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' |
| Basis of Presentation | |
| The financial statements have been prepared without audit pursuant to the rules and regulations of the United States Securities and Exchange Commission requirements for interim financial statements. Therefore, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (GAAP) for complete financial statements. The unaudited financial statements reflect all adjustments (consisting of normal, recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the periods indicated. The financial statements herein should be read in conjunction with the financial statements and notes thereto, together with “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” contained in the 10K for the period from inception on January 31, 2012 to December 31, 2013 for Kronos Ventures Corp. (the “Company” or “Kronos”). The results of operations for the three month and six month period ended June 30, 2014 are not necessarily indicative of the results for the entire year ending December 31, 2014. | |
| The Company is a development stage company, as defined by GAAP. The Company is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated, since inception, have been considered as part of the Company’s development stage activities. | |
| Use of Estimates | |
| The preparation of financial statements in conformity with 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. Actual results could differ from those estimates. | |
| Cash Equivalents | |
| The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents. | |
| Income Taxes | |
| The Company uses the asset and liability method of accounting for income taxes in accordance with GAAP. Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current period operating results; and, (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if, based on the weight of available positive and negative evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. | |
| GAAP prescribes recognition threshold and measurement attribute for the financial statement recognition of a tax position taken or expected to be taken on a tax return. A tax benefit from an uncertain tax position taken or expected to be taken may be recognized only if it is “more likely than not” that the position is sustainable upon examination, based on its technical merits. In the event that an uncertain tax position exists in which the Company could incur income taxes, the Company would evaluate whether there is a probability that the uncertain tax position taken would be sustained upon examination by the taxing authorities. Reserves for uncertain tax positions would then be recorded if the Company determined that it is probable that a position would not be sustained upon examination or if payment would have to be made to a taxing authority and the amount can reasonably be estimated. | |
| Net Loss Per Share | |
| Basic earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of common stock outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares of both common and potentially dilutive securities outstanding for the period. The Company does not have any potentially dilutive securities; accordingly, basic and dilutive loss per share are equal in the accompanying financial statements. |
| GOING CONCERN | 6 Months Ended |
| Jun. 30, 2014 | |
| Going Concern | ' |
| 3. GOING CONCERN | ' |
| The accompanying financial statements are prepared on a basis of accounting assuming that the Company is a going concern that contemplates realization of assets and satisfaction of liabilities in the normal course of business. The Company is considered a development stage company and has no current revenue sources. The Company’s management plans to 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. |
| RELATED PARTY TRANSACTION | 6 Months Ended |
| Jun. 30, 2014 | |
| Related Party Transaction | ' |
| 4. 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 | 6 Months Ended | |
| Jun. 30, 2014 | ||
| Stockholders Equity | ' | |
| 5. 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. | ||
| 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. | ||
| The Company consists of the following classes of capital stock as of June 30, 2014 and December 31, 2013: | ||
| * | Common stock, $0.0001 par value: 500,000,000 shares authorized; 31,390,000 shares issued and outstanding. | |
| * | Preferred stock, $0.0001 par value: 20,000,000 shares authorized; but not issued and outstanding. | |
| SUBSEQUENT EVENTS | 6 Months Ended |
| Jun. 30, 2014 | |
| Subsequent Events | ' |
| 6. SUBSEQUENT EVENTS | ' |
| None. | |
| Subsequent events have been evaluated through August 5, 2014, the date the financial statements were issued. |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
| Jun. 30, 2014 | |
| Summary Of Significant Accounting Policies Policies | ' |
| Basis of Presentation | ' |
| The financial statements have been prepared without audit pursuant to the rules and regulations of the United States Securities and Exchange Commission requirements for interim financial statements. Therefore, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (GAAP) for complete financial statements. The unaudited financial statements reflect all adjustments (consisting of normal, recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the periods indicated. The financial statements herein should be read in conjunction with the financial statements and notes thereto, together with “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” contained in the 10K for the period from inception on January 31, 2012 to December 31, 2013 for Kronos Ventures Corp. (the “Company” or “Kronos”). The results of operations for the three month and six month period ended June 30, 2014 are not necessarily indicative of the results for the entire year ending December 31, 2014. | |
| The Company is a development stage company, as defined by GAAP. The Company is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated, since inception, have been considered as part of the Company’s development stage activities. | |
| Use of Estimates | ' |
| The preparation of financial statements in conformity with 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. Actual results could differ from those estimates. | |
| Cash Equivalents | ' |
| The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents. | |
| Income Taxes | ' |
| The Company uses the asset and liability method of accounting for income taxes in accordance with GAAP. Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current period operating results; and, (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if, based on the weight of available positive and negative evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. | |
| GAAP prescribes recognition threshold and measurement attribute for the financial statement recognition of a tax position taken or expected to be taken on a tax return. A tax benefit from an uncertain tax position taken or expected to be taken may be recognized only if it is “more likely than not” that the position is sustainable upon examination, based on its technical merits. In the event that an uncertain tax position exists in which the Company could incur income taxes, the Company would evaluate whether there is a probability that the uncertain tax position taken would be sustained upon examination by the taxing authorities. Reserves for uncertain tax positions would then be recorded if the Company determined that it is probable that a position would not be sustained upon examination or if payment would have to be made to a taxing authority and the amount can reasonably be estimated. | |
| Net Loss Per Share | ' |
| Basic earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of common stock outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares of both common and potentially dilutive securities outstanding for the period. The Company does not have any potentially dilutive securities; accordingly, basic and dilutive loss per share are equal in the accompanying financial statements. |
| STOCKHOLDER'S EQUITY (Details Narrative) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| Stockholders Equity Details Narrative | ' | ' |
| Preferred stock, par value | $0.00 | $0.00 |
| Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
| Preferred stock, shares issued | 0 | 0 |
| Preferred stock, shares outstanding | 0 | 0 |
| Common stock, par value | $0.00 | $0.00 |
| Common stock, shares authorized | 500,000,000 | 500,000,000 |
| Common stock, shares issued | 31,390,000 | 31,390,000 |
| Common stock, shares outstanding | 31,390,000 | 31,390,000 |
