Trenton Acquisition 10-Q 19 Nov 13 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Sep. 30, 2013	Nov. 18, 2013
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Trenton Acquisition Corp.	'
Entity Central Index Key	'0001527722	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--03-31	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	5,000,000

Balance_Sheet

Balance Sheet (USD $)	Sep. 30, 2013	Mar. 31, 2013
CURRENT ASSETS:	'	'
Cash	'	$6,995
Total Current Assets	'	6,995
TOTAL ASSETS	'	6,995
CURRENT LIABILITIES:	'	'
Accounts payable and accrued expenses	13,177	7,346
Loans payable - related parties	54,429	54,429
Note payable - related party	26,003	20,000
Total Current Liabilities	93,609	81,775
COMMITMENTS AND CONTINGENCIES	'	'
STOCKHOLDER'S DEFICIENCY:	'	'
Preferred stock, $.0001 par value; 10,000,000 shares authorized; none issued and outstanding	'	'
Common stock, $.0001 par value; 100,000,000 shares authorized; 5,000,000 shares subscribed	500	500
Additional paid-in capital	24,500	24,500
Subscription receivable	-25,000	-25,000
Accumulated deficit during the development stage	-93,609	-74,780
Total Stockholder's Deficiency	-93,609	-74,780
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIENCY	'	$6,995

Balance_Sheet_Parenthetical

Balance Sheet (Parenthetical) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Balance Sheet [Abstract]	'	'
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	'	'
Preferred stock, shares outstanding	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares subscribed	5,000,000	5,000,000

Statement_of_Operations

Statement of Operations (USD $)	3 Months Ended		6 Months Ended		32 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Statement of Operations [Abstract]	'	'	'	'	'
REVENUES	'	'	'	'	'
GENERAL AND ADMINISTRATIVE EXPENSES	15,646	6,087	18,146	17,087	92,580
(LOSS) BEFORE OTHER EXPENSES	-15,646	-6,087	-18,146	-17,087	-92,580
INTEREST EXPENSE	378	25	683	25	1,029
(LOSS) BEFORE BENEFIT FROM INCOME TAXES	-16,024	-6,112	-18,829	-17,112	-93,609
BENEFIT FROM INCOME TAXES	'	'	'	'	'
NET (LOSS)	($16,024)	($6,112)	($18,829)	($17,112)	($93,609)
BASIC AND DILUTED LOSS PER SHARE	'	'	'	'	'
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED	'	'	'	'	'

Statement_of_Stockholders_Equi

Statement of Stockholder's Equity (USD $)	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Subscription Receivable	Accumulated Deficit During the Development Stage
Beginning Balance at Jan. 18, 2011	'	'	'	'	'	'
Beginning Balance, Shares at Jan. 18, 2011	'	'	'	'	'	'
Common stock subscription	'	'	500	24,500	-25,000	'
Common stock subscription, Shares	'	'	5,000,000	'	'	'
NET (LOSS)	-8,735	'	'	'	'	-8,735
Balance at Mar. 31, 2011	-8,735	'	500	24,500	-25,000	-8,735
Balance, Shares at Mar. 31, 2011	'	'	5,000,000	'	'	'
NET (LOSS)	-29,839	'	'	'	'	-29,839
Balance at Mar. 31, 2012	-38,574	'	500	24,500	-25,000	-38,574
Balance, Shares at Mar. 31, 2012	'	'	5,000,000	'	'	'
NET (LOSS)	-36,206	'	'	'	'	-36,206
Balance at Mar. 31, 2013	-74,780	'	500	24,500	-25,000	-74,780
Balance, Shares at Mar. 31, 2013	'	'	5,000,000	'	'	'
NET (LOSS)	-18,829	'	'	'	'	-18,829
Balance at Sep. 30, 2013	($93,609)	'	$500	$24,500	($25,000)	($93,609)
Balance, Shares at Sep. 30, 2013	'	'	5,000,000	'	'	'

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	6 Months Ended		32 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
NET (LOSS)	($18,829)	($17,112)	($93,609)
ADJUSTMENT TO RECONCILE NET LOSS TO NET CASH USED IN OPERATING ACTIVITIES:	'	'	'
Professional fees paid by related party on behalf of the Company	'	'	13,735
Increase (decrease) in accounts payable and accrued expenses	5,831	25	13,177
NET CASH USED IN OPERATING ACTIVITIES	-12,998	-17,087	-66,697
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Increase in loans payable - related parties	'	16,000	40,694
Increase in note payable - related party	6,003	4,000	26,003
NET CASH PROVIDED BY FINANCING ACTIVITIES	6,003	20,000	66,697
NET (DECREASE) INCREASE IN CASH	-6,995	2,913	'
CASH, BEGINNING OF PERIOD	6,995	855	'
CASH, END OF PERIOD	'	3,768	'
SCHEDULE OF NON-CASH FINANCING ACTIVITIES:	'	'	'
Professional fees paid by related party on behalf of the Company	'	'	13,735
Common stock subscribed	'	'	$25,000

Organization_and_Business

Organization and Business	6 Months Ended
	Sep. 30, 2013
Organization and Business [Abstract]	'
Organization and Business	'
	Note 1 -          Organization and Business
	Business Activity
	Trenton Acquisition Corp., a Development Stage Company, ("the Company") was incorporated in the state of Delaware on January 18, 2011 with the objective to acquire, or merge with, an operating business.
	The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly traded corporation. The Company’s principal business objective over the next twelve months and beyond will be to achieve long-term growth potential through a combination with a business rather than immediate short-term earnings. The Company will not restrict its potential target companies to any specific business, industry or geographical location. The analysis of business opportunities will be undertaken by, or under the supervision of, the officers and directors of the Company.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Sep. 30, 2013
Summary of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Note 2 -          Summary of Significant Accounting Policies
	Basis of Presentation
	The accompanying interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted for interim financial statements presentation and in accordance with the instructions to Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. In the opinion of management, all adjustments for a fair statement of the results of operations and financial position for the interim periods presented have been included. All such adjustments are of a normal recurring nature. The accompanying financial statements and the information included under the heading Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with the Company’s audited financial statements and related notes included in the Company’s Form 10-K as of March 31, 2013. Interim results are not necessarily indicative of the results for a full year.
	Use of Estimates
	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 balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Cash Equivalents
	The Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. There are no cash equivalents at the balance sheet dates.
	Income Taxes
	The Company utilizes the accrual method of accounting for income taxes. Under the accrual method, deferred tax assets and liabilities are determined based on the differences between the financial reporting basis and the tax basis of the assets and liabilities and are measured using enacted tax rates and laws that will be in effect, when the differences are expected to reverse. An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.
	The Company recognizes the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely than-not” threshold, the amount recognized in the financial statements is the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. The Company recognizes interest and penalties, if any, related to uncertain tax positions in income tax expense. As of September 30, 2013, the Company has no accrued interest or penalties related to uncertain tax positions.
	Loss Per Common Share
	Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any common shares outstanding or potentially dilutive instruments for each of the periods presented.
	Emerging Growth Company
	The Company is an “emerging growth company” and  has elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act. This election allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies.
	Recent Accounting Pronouncements
	Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

Going_Concern

Going Concern	6 Months Ended
	Sep. 30, 2013
Going Concern [Abstract]	'
Going Concern	'
	Note 3 -          Going Concern
	The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses from inception of approximately $94,000, and has negative working capital of approximately $94,000 at September 30, 2013, which among other factors, raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon management’s plan to find a suitable acquisition or merger candidate, raise additional capital from the sales of stock, and receive additional loans from related parties. The accompanying financial statements do not include any adjustments that might be required should the Company be unable to continue as a going concern.

Income_Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2013
Income Taxes [Abstract]	'
Income Taxes	'
	Note 4 -          Income Taxes
	As of September 30, 2013, the Company has net operating loss carryforwards of approximately $94,000 to reduce future federal and state taxable income through 2033.
	The Company currently has no federal or state tax examinations in progress nor has it had any federal or state examinations since its inception. All of the Company’s tax years are subject to federal and state tax examination.
	The benefit from income taxes consists of the following:
		For The Six			For The Six			Cumulative
		Months Ended			Months Ended			From
		September 30,			September 30,			January 18,
		2013			2012			2011
								(Inception) to
								September 30,
								2013
	Current Expense:
	Federal and State	$	-		$	-		$	-
	Deferred tax benefit:
	Federal and State		6,000			6,000			32,000
	Valuation allowance		(6,000	)		(6,000	)		(32,000	)
	Total	$	-		$	-		$	-
	The income tax benefit differs from the amount computed by applying the federal statutory income tax rate to the loss before income taxes due to the following:
								Cumulative From
		For TheThree			For The Three			January 18, 2011 (Inception) to
		Months Ended			Months Ended			September 30,
		September 30,			September 30,			2013
		2013			2012
	Statutory federal income tax rate		(34	)%		(34	)%		(34	)%
	Valuation allowance		34	%		34	%		34	%
	Effective income tax rate		0	%		0	%		0	%

Common_Stock

Common Stock	6 Months Ended
	Sep. 30, 2013
Common and Preferred Stock [Abstract]	'
Common Stock	'
	Note 5 -          Common Stock
	On January 18, 2011, the Company authorized one hundred million (100,000,000) shares of common stock. On January 18, 2011, the Company received a subscription for five million (5,000,000) shares of common stock for $25,000 from the former President of the Company. (See note 7.)

Preferred_Stock

Preferred Stock	6 Months Ended
	Sep. 30, 2013
Common and Preferred Stock [Abstract]	'
Preferred Stock	'
	Note 6 -          Preferred Stock
	The Company is authorized to issue (10,000,000) shares of $.0001 par value preferred stock with designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors of the Company.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 7 -          Related Party Transactions
	The Company utilizes the office space and equipment of its management at no cost.
	For the period January 18, 2011 (Inception) to March 31, 2012, professional fees of $13,735 were paid on behalf of the Company by SFG Financial Group Inc. (“SFG”). Since inception, SFG advanced the Company an additional $34,000 for professional fees. The President of SFG was the Company’s former President and sole stockholder. As of September 30, 2013, the outstanding balance of $47,735 for professional fees paid by SFG and amounts advanced to the Company are reported as loans payable - related parties. The amounts are unsecured, non-interest bearing and have no stipulated repayment terms.
	During the year ended March 31, 2012, the Company received a $6,694 loan from Putnam Hills Corp., whose sole stockholder is NLBDIT 2010 Services, LLC. As of September 30, 2013, the outstanding balance of $6,694 is reported as loans payable - related parties. The loan is unsecured, non-interest bearing, and has no stipulated repayment terms.
	On May 26, 2011, the former President resigned and the related subscription for common stock was cancelled. On May 26, 2011, NLBDIT 2010 Services, LLC, a company controlled by the former President, subscribed for five million (5,000,000) shares of common stock for $25,000.
	On June 3, 2011, the Company issued a Promissory Note payable (the “Note”) to NLBDIT 2010 Enterprises, LLC, a company controlled by the former President.  The Note bears interest at 6% and is payable upon completion of a business combination with a private company in a reverse merger or other transaction after which the Company would cease to be a shell company. At September 30, 2013, the outstanding balance of $26,003 is reported as note payable - related party. The lender has agreed to forego all accrued and unpaid interest through August 20, 2012. At September 30, 2013, $1,029 of accrued interest related to this loan is reported as accounts payable and accrued expenses. Subsequent to September 30, 2013, the Company borrowed an additional $5,000.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2013
Summary of Significant Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted for interim financial statements presentation and in accordance with the instructions to Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. In the opinion of management, all adjustments for a fair statement of the results of operations and financial position for the interim periods presented have been included. All such adjustments are of a normal recurring nature. The accompanying financial statements and the information included under the heading Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with the Company’s audited financial statements and related notes included in the Company’s Form 10-K as of March 31, 2013. Interim results are not necessarily indicative of the results for a full year.
Use of Estimates	'
	Use of Estimates
	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 balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash Equivalents	'
	Cash Equivalents
	The Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. There are no cash equivalents at the balance sheet dates.
Income Taxes	'
	Income Taxes
	The Company utilizes the accrual method of accounting for income taxes. Under the accrual method, deferred tax assets and liabilities are determined based on the differences between the financial reporting basis and the tax basis of the assets and liabilities and are measured using enacted tax rates and laws that will be in effect, when the differences are expected to reverse. An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.
	The Company recognizes the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely than-not” threshold, the amount recognized in the financial statements is the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. The Company recognizes interest and penalties, if any, related to uncertain tax positions in income tax expense. As of September 30, 2013, the Company has no accrued interest or penalties related to uncertain tax positions.
Loss Per Common Share	'
	Loss Per Common Share
	Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any common shares outstanding or potentially dilutive instruments for each of the periods presented.
Emerging Growth Company	'
	Emerging Growth Company
	The Company is an “emerging growth company” and  has elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act. This election allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

Income_Taxes_Tables

Income Taxes (Tables)	6 Months Ended
	Sep. 30, 2013
Income Taxes [Abstract]	'
Summary of benefit from income taxes	'
		For The Six			For The Six			Cumulative
		Months Ended			Months Ended			From
		September 30,			September 30,			January 18,
		2013			2012			2011
								(Inception) to
								September 30,
								2013
	Current Expense:
	Federal and State	$	-		$	-		$	-
	Deferred tax benefit:
	Federal and State		6,000			6,000			32,000
	Valuation allowance		(6,000	)		(6,000	)		(32,000	)
	Total	$	-		$	-		$	-
Summary of effective income tax rate reconciliation	'
								Cumulative From
		For TheThree			For The Three			January 18, 2011 (Inception) to
		Months Ended			Months Ended			September 30,
		September 30,			September 30,			2013
		2013			2012
	Statutory federal income tax rate		(34	)%		(34	)%		(34	)%
	Valuation allowance		34	%		34	%		34	%
	Effective income tax rate		0	%		0	%		0	%

Going_Concern_Details

Going Concern (Details) (USD $)	3 Months Ended			6 Months Ended		12 Months Ended		32 Months Ended
	Mar. 31, 2011	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Mar. 31, 2013	Mar. 31, 2012	Sep. 30, 2013
Going Concern (Textual)	'	'	'	'	'	'	'	'
NET (LOSS)	($8,735)	($16,024)	($6,112)	($18,829)	($17,112)	($36,206)	($29,839)	($93,609)
Working capital	'	$94,000	'	$94,000	'	'	'	$94,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		6 Months Ended		32 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Current Expense:	'	'	'	'	'
Federal and State	'	'	'	'	'
Deferred tax benefit:	'	'	'	'	'
Federal and State	'	'	6,000	6,000	32,000
Valuation allowance	'	'	-6,000	-6,000	-32,000
Total	'	'	'	'	'

Income_Taxes_Details_1

Income Taxes (Details 1)	6 Months Ended		32 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Summary of effective income tax rate reconciliation	'	'	'
Statutory federal income tax rate	-34.00%	-34.00%	-34.00%
Valuation allowance	34.00%	34.00%	34.00%
Effective income tax rate	'	'	'

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	6 Months Ended
	Sep. 30, 2013
Income Taxes (Textual)	'
Net operating loss carryforwards	$94,000
Net operating loss carryforward expiration period	'through 2033

Common_Stock_Details

Common Stock (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Common Stock (Textual)	'	'
Common stock, shares authorized	100,000,000	100,000,000
Common stock shares, Subscription received	5,000,000	5,000,000
Common stock value, Subscription received	$25,000	$25,000

Preferred_Stock_Details

Preferred Stock (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Preferred Stock (Textual)	'	'
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value	$0.00	$0.00

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	0 Months Ended	6 Months Ended		32 Months Ended		6 Months Ended
	Jun. 03, 2011	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2013	Mar. 31, 2012
						Sunrise Financial Group [Member]	Putnam Hills Corp [Member]	Putnam Hills Corp [Member]
Related Party Transaction (Textual)	'	'	'	'	'	'	'	'
Professional fees paid by related party on behalf of the Company	'	'	'	$13,735	'	$34,000	'	'
Loans payable - related parties	'	54,429	'	54,429	54,429	47,735	6,694	6,694
Note payable - related party	'	26,003	'	26,003	20,000	'	'	'
Additional Borrowing	'	5,000	'	5,000	'	'	'	'
Common stock value, Subscription received	'	25,000	'	25,000	25,000	'	'	'
Common stock shares, Subscription received	'	5,000,000	'	5,000,000	5,000,000	'	'	'
Interest rate on notes payable to related party	6.00%	'	'	'	'	'	'	'
Accrued expenses and other current liabilities	'	$1,029	'	$1,029	'	'	'	'