Trenton Acquisition 10-Q 3 Nov 14 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Sep. 30, 2014	Nov. 03, 2014
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-14	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2015	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	5,000,000

Condensed_Balance_Sheet

Condensed Balance Sheet (USD $)	Sep. 30, 2014	Mar. 31, 2014
CURRENT ASSETS:	'	'
Cash	$1,007	$2,000
Total Current Assets	1,007	2,000
TOTAL ASSETS	1,007	2,000
CURRENT LIABILITIES:	'	'
Accounts payable and accrued expenses	'	5,988
Loan payable - related party	'	47,735
Note payable - related party	'	33,103
Total Current Liabilities	'	86,826
COMMITMENTS AND CONTINGENCIES	'	'
STOCKHOLDER'S EQUITY (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 issued and outstanding	500	500
Additional Paid-in capital	130,450	24,500
Accumulated deficit	-129,943	-109,826
Total Stockholder's equity (Deficiency)	1,007	-84,826
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIENCY)	$1,007	$2,000

Condensed_Balance_Sheet_Parent

Condensed Balance Sheet (Parenthetical) (USD $)	Sep. 30, 2014	Mar. 31, 2014
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 issued	5,000,000	5,000,000
Common stock, shares outstanding	5,000,000	5,000,000

Condensed_Statement_of_Operati

Condensed Statement of Operations (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Operations [Abstract]	'	'	'	'
REVENUES	'	'	'	'
GENERAL AND ADMINISTRATIVE EXPENSES	9,634	15,646	19,110	18,146
(LOSS) BEFORE INTEREST EXPENSE AND BENEFIT FROM INCOME TAXES	-9,634	-15,646	-19,110	-18,146
INTEREST EXPENSE	487	378	1,007	683
(LOSS) BEFORE BENEFIT FROM INCOME TAXES	-10,121	-16,024	-20,117	-18,829
BENEFIT FROM INCOME TAXES	'	'	'	'
NET (LOSS)	($10,121)	($16,024)	($20,117)	($18,829)
BASIC AND DILUTED (LOSS) PER SHARE	'	'	'	'
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-BASIC AND DILUTED	5,000,000	5,000,000	5,000,000	5,000,000

Condensed_Statement_of_Cash_Fl

Condensed Statement of Cash Flows (USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
NET (LOSS)	($20,117)	($18,829)
ADJUSTMENT TO RECONCILE NET LOSS TO NET CASH USED IN OPERATING ACTIVITIES:	'	'
Increase (decrease) in accounts payable and accrued expenses	-3,064	5,831
NET CASH USED IN OPERATING ACTIVITIES	-23,181	-12,998
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Increase in note payable - related party	22,188	6,003
NET CASH PROVIDED BY FINANCING ACTIVITIES	22,188	6,003
NET DECREASE IN CASH	-993	-6,995
CASH, BEGINNING OF PERIOD	2,000	6,995
CASH, END OF PERIOD	1,007	'
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION NON-CASH FINANCING ACTIVITIES:	'	'
LOAN PAYABLE - RELATED PARTY FORGIVEN AND CONVERTED TO ADDITIONAL PAID-IN CAPITAL	47,735	'
NOTE PAYABLE - RELATED PARTY AND RELATED ACCRUED INTEREST FORGIVEN AND CONVERTED TO ADDITIONAL PAID-IN CAPITAL	$58,215	'

Organization_and_Business

Organization and Business	6 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization and Business	'
	Note 1 -	Organization and Business
	Business Activity
	Trenton Acquisition Corp. ("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.
	Change in Control Transaction
	On September 9, 2014, the Company, entered into a Securities Purchase Agreement (the “Purchase Agreement”) with unrelated purchasers (collectively, the “Purchasers”), whereby the Company sold 5,000,000 shares of the Company’s common stock to the Purchasers for an aggregate purchase price of $65,000. Simultaneously, the Company entered into a Repurchase Agreement (the “Repurchase Agreement”) with its sole stockholder, NLBDIT 2010 Services, LLC, a Delaware limited liability company (“NLBDIT”), whereby NLBDIT sold and the Company repurchased 5,000,000 shares of the Company’s common stock for an aggregate purchase of $65,000. In conjunction with these transactions the loan payable-related party, note payable-related party, and the related accrued interest were forgiven and converted to additional paid-in capital. As a result of the foregoing transactions, the Company’s former Chief Executive Officer, Chief Financial Officer, President, Secretary and Director resigned and one of the Company’s new stockholders was appointed President, Secretary and Director and another new stockholder was appointed Chief Financial Officer of the Company. The sole member of Rodman & Co., LLC is deemed to beneficially own 3,250,000 shares of the Company’s common stock, representing 65% of the Company’s issued and outstanding shares and as a result has the ability to control the operations of the Company.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Sep. 30, 2014
Summary of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Note 2 -	Summary of Significant Accounting Policies
	Basis of Presentation
	The accompanying condensed 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 condensed 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, 2014. Interim results are not necessarily indicative of the results for a full year.
	Use of Estimates
	The preparation of condensed 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 condensed 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 highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. There are no cash equivalents at the condensed 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, 2014 and 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 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 the Company 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
	In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10 to eliminate certain financial reporting requirements. In accordance with that pronouncement we have elected to adopt the elimination of certain financial reporting requirements including the presentation of inception-to-date information in the statements of operations, cash flows, and stockholder’s deficiency and labeling the financial statements as those of a development stage entity.
	Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying condensed financial statements.

Going_Concern

Going Concern	6 Months Ended
	Sep. 30, 2014
Going Concern [Abstract]	'
Going Concern	'
	Note 3 -	Going Concern
	The accompanying condensed 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 $130,000, and had working capital of approximately $1,000 at September 30, 2014, 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 condensed 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, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	Note 4 -	Income Taxes
	As of September 30, 2014, the Company has net operating loss carryforwards of approximately $130,000, subject to certain change of control limitations, to reduce future federal and state taxable income through 2034.
	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			For The
			Six Months Ended			Six Months Ended
			September 30,			September 30,
			2014			2013
	Current Expense:
	Federal and State		$	-		$	-
	Deferred tax benefit:
	Federal and State			7,000			6,000
	Valuation allowance			(7,000	)		(6,000	)
	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:
			For The			For The
			Six Months Ended			Six Months Ended
			September 30,			September 30,
			2014			2013
	Statutory federal income tax rate			(34	)%		(34	)%
	Valuation allowance			34	%		34	%
	Effective income tax rate			0	%		0	%

Common_Stock

Common Stock	6 Months Ended
	Sep. 30, 2014
Common and Preferred Stock [Abstract]	'
Common Stock	'
	Note 5 -	Common Stock
	The Company is authorized to issue one hundred million (100,000,000) shares of $.0001 par value common stock, of which five million (5,000,000) shares have been issued.

Preferred_Stock

Preferred Stock	6 Months Ended
	Sep. 30, 2014
Common and Preferred Stock [Abstract]	'
Preferred Stock	'
	Note 6 -	Preferred Stock
	The Company is authorized to issue ten million (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, 2014
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.
	Loans Payable - related parties consists of amounts advanced to the Company by Sunrise Financial Group Inc. (“SFG”). The President of SFG was the Company’s former President and sole stockholder. The balance of $47,735 was forgiven and converted to additional paid-in capital.
	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 bore interest at 6% and was due and 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. In conjunction with the change-in-control transaction (see Note 1), on September 9, 2014, the entire principal amount of $55,291 and related accrued interest of $2,924 was forgiven and converted to additional paid-in capital.
	For the six months ended September 30, 2014 and 2013, the Company incurred costs of $5,000, for the periods then ended, for accounting services provided by an entity owned by the former President of the Company.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2014
Summary of Significant Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying condensed 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 condensed 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, 2014. Interim results are not necessarily indicative of the results for a full year.
Use of Estimates	'
	Use of Estimates
	The preparation of condensed 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 condensed financial statements 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 condensed 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, 2014 and 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 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 the Company 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
	In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10 to eliminate certain financial reporting requirements. In accordance with that pronouncement we have elected to adopt the elimination of certain financial reporting requirements including the presentation of inception-to-date information in the statements of operations, cash flows, and stockholder’s deficiency and labeling the financial statements as those of a development stage entity.
	Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying condensed financial statements.

Income_Taxes_Tables

Income Taxes (Tables)	6 Months Ended
	Sep. 30, 2014
Income Taxes [Abstract]	'
Summary of benefit from income taxes	'
		For The			For The
		Six Months Ended			Six Months Ended
		September 30,			September 30,
		2014			2013
	Current Expense:
	Federal and State	$	-		$	-
	Deferred tax benefit:
	Federal and State		7,000			6,000
	Valuation allowance		(7,000	)		(6,000	)
	Total	$	-		$	-
Summary of effective income tax rate reconciliation	'
		For The			For The
		Six Months Ended			Six Months Ended
		September 30,			September 30,
		2014			2013
	Statutory federal income tax rate		(34	)%		(34	)%
	Valuation allowance		34	%		34	%
	Effective income tax rate		0	%		0	%

Organisation_and_Business_Deta

Organisation and Business (Details) (USD $)	0 Months Ended
	Sep. 09, 2014
Organisation And Business (Textual)	'
Stock issued during period, value	$65,000
Stock issued during period, shares	5,000,000
Repurchase of common stock,shares	5,000,000
Aggregate purchase price	$65,000
Stock issued during period, shares, employee stock ownership plan	3,250,000
Equity method investment, ownership percentage	65.00%

Going_Concern_Details

Going Concern (Details) (USD $)	Sep. 30, 2014
Going Concern (Textual)	'
Working capital	$1,000
Net operating loss carryforwards	$130,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Current Expense:	'	'
Federal and State	'	'
Deferred tax benefit:	'	'
Federal and State	7,000	6,000
Valuation allowance	-7,000	-6,000
Total	'	'

Income_Taxes_Details_1

Income Taxes (Details 1)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Summary of effective income tax rate reconciliation	'	'
Statutory federal income tax rate	-34.00%	-34.00%
Valuation allowance	34.00%	34.00%
Effective income tax rate	0.00%	0.00%

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	6 Months Ended
	Sep. 30, 2014
Income Taxes (Textual)	'
Net operating loss carryforwards	$130,000
Net operating loss carryforward expiration period	'through 2034

Common_Stock_Details

Common Stock (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Common Stock (Textual)	'	'
Common Stock, Par or Stated Value Per Share	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock shares, Subscription received	5,000,000	5,000,000

Preferred_Stock_Details

Preferred Stock (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014
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
	Jun. 03, 2011	Sep. 30, 2014	Sep. 30, 2013	Sep. 09, 2014
Related Party Transaction (Textual)	'	'	'	'
LOAN PAYABLE - RELATED PARTY FORGIVEN AND CONVERTED TO ADDITIONAL PAID-IN CAPITAL	'	$47,735	'	'
Interest rate on notes payable to related party	6.00%	'	'	'
Cost of accounting services	'	5,000	5,000	'
Debt instrument, face amount	'	'	'	55,291
Accrued interest	'	'	'	$2,924