Trenton Acquisition 10-K 26 May 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2017	May 22, 2017	Sep. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Trenton Acquisition Corp.
Entity Central Index Key	1,527,722
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Type	10-K
Document Period End Date	Mar. 31, 2017
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		9,250,000

Balance Sheets

Balance Sheets - USD ($)	Mar. 31, 2017	Mar. 31, 2016
CURRENT ASSETS:
Cash	$ 692	$ 2,082
Total Current Assets	692	2,082
TOTAL ASSETS	692	2,082
CURRENT LIABILITIES:
Accounts payable and accrued expenses		3,000
Loans payable - related parties	85,000	40,000
Total Current Liabilities	85,000	43,000
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' 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	130,450
Accumulated deficit	(215,258)	(171,868)
Total Stockholders' Deficiency	(84,308)	(40,918)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	$ 692	$ 2,082

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2017	Mar. 31, 2016
Balance Sheet [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
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

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Operations [Abstract]
REVENUES
GENERAL AND ADMINISTRATIVE EXPENSES	43,390	33,170
(LOSS) BEFORE BENEFIT FROM INCOME TAXES	(43,390)	(33,170)
BENEFIT FROM INCOME TAXES
NET (LOSS)	$ (43,390)	$ (33,170)
BASIC AND DILUTED LOSS PER SHARE
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED	5,000,000	5,000,000

Statements of Changes in Stockh

Statements of Changes in Stockholders' Equity Deficiency - USD ($)	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Beginning Balance at Mar. 31, 2015	$ (7,748)		$ 500	$ 130,450	$ (138,698)
Beginning Balance, Shares at Mar. 31, 2015			5,000,000
Net (loss)	(33,170)				(33,170)
Ending Balance at Mar. 31, 2016	(40,918)		$ 500	130,450	(171,868)
Ending Balance, Shares at Mar. 31, 2016			5,000,000
Net (loss)	(43,390)				(43,390)
Ending Balance at Mar. 31, 2017	$ (84,308)		$ 500	$ 130,450	$ (215,258)
Ending Balance, Shares at Mar. 31, 2017			5,000,000

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
NET (LOSS)	$ (43,390)	$ (33,170)
ADJUSTMENT TO RECONCILE NET (LOSS) TO NET CASH USED IN OPERATING ACTIVITIES:
Increase (Decrease) in accounts payable and accrued expenses	(3,000)	3,000
NET CASH USED IN OPERATING ACTIVITIES	(46,390)	(30,170)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loans payable - related parties	45,000	30,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	45,000	30,000
NET DECREASE IN CASH	(1,390)	(170)
CASH, BEGINNING OF YEAR	2,082	2,252
CASH, END OF YEAR	$ 692	$ 2,082

Organization and Business

Organization and Business	12 Months Ended
	Mar. 31, 2017
Organization and Business [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 12 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. On June 30, 2016, the Board of Directors of the Company (the “Board”) appointed Zvi Ben-Zvi to the positions of President, Secretary and sole director of the Company to fill the vacancies in those positions due to the resignation of Arnold P. Kling in June 2016. On August 8, 2016, the Board appointed Kenneth J. Kirsch to the position of Chief Financial Officer of the Company to fill the vacancy in that position due to the resignation of Thomas Pinou in July 2016.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies 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 dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. 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 March 31, 2017, 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 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	12 Months Ended
	Mar. 31, 2017
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 $215,000, and has negative working capital of approximately $84,000 at March 31, 2017, which, among other factors, raises substantial doubt about the Company’s ability to continue as a going concern within one year after the date the accompanying financial statements have been issued. 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	12 Months Ended
	Mar. 31, 2017
Income Taxes [Abstract]
Income Taxes	Note 4 - Income Taxes As of March 31, 2017, the Company has net operating loss carryforwards of approximately $215,000 which results in a deferred tax asset of $73,000, which is subject to certain change of control limitations to reduce future federal and state taxable income through 2035. As of March 31, 2017, the Company has a valuation The Company currently has no federal or state tax examinations in progress nor has it had any federal or state examinations since its inception. The Company’s 2014, 2015 and 2016 tax years remain subject to federal and state tax examination. The benefit from income taxes consists of the following: For The Year For The Year Current Expense: Federal and State $ - $ - Deferred Tax Benefit: Federal and State 15,000 11,000 Valuation allowance (15,000 ) (11,000 ) 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 Year For The Year Statutory Federal Income Tax Rate (34 )% (34 )% Valuation allowance 34 % 34 % Effective Income Tax Rate 0 % 0 %

Common Stock

Common Stock	12 Months Ended
	Mar. 31, 2017
Common Stock [Abstract]
Common Stock	Note 5 - Common Stock The Company is authorized to issue one hundred million (100,000,000) shares of $.0001 per share par value common stock, of which five million (5,000,000) shares are issued and outstanding.

Preferred Stock

Preferred Stock	12 Months Ended
	Mar. 31, 2017
Preferred Stock [Abstract]
Preferred Stock	Note 6 - Preferred Stock The Company is authorized to issue (10,000,000) shares of $.0001 per share 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, of which none are issued.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Mar. 31, 2017
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 consist of amounts advanced to the Company by one of its stockholders (the “Stockholder”) and a company under common control as the Stockholder (the “Affiliate of the Stockholder”). As of March 31, 2017, the aggregated loan balance of $85,000, including $70,000 due to the Stockholder and $15,000 due to the Affiliate of the Stockholder, is unsecured, noninterest-bearing, and has no stipulated repayment terms.

Subsequent Events

Subsequent Events	12 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	Note 8 - Subsequent Events On April 28, 2017, Rodman purchased Rodman & Renshaw Conference LLC’s loan to the Company. Subsequently, on the same day, Rodman converted the entire aggregate loan balance of $85,000 into 4,250,000 shares of the Company’s common stock. The Company has evaluated all other subsequent events and has determined that there were no other subsequent events to recognize or disclose in these financial statements.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
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 dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. 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 March 31, 2017, 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.
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.
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.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2017
Income Taxes [Abstract]
Summary of benefit from income taxes	For The Year For The Year Current Expense: Federal and State $ - $ - Deferred Tax Benefit: Federal and State 15,000 11,000 Valuation allowance (15,000 ) (11,000 ) Total $ - $ -
Summary of federal statutory income tax rate to the loss before income taxes	For The Year For The Year Statutory Federal Income Tax Rate (34 )% (34 )% Valuation allowance 34 % 34 % Effective Income Tax Rate 0 % 0 %

Going Concern (Details)

Going Concern (Details)	Mar. 31, 2017USD ($)
Going Concern (Textual)
Losses from inception	$ 215,000
Negative working capital	$ 84,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Current Expense:
Federal and State
Deferred Tax Benefit:
Federal and State	15,000	11,000
Valuation allowance	(15,000)	(11,000)
Total

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
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 ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Taxes (Textual)
Net operating loss carryforwards	$ 215,000
Net operating loss carryforwards expiration date	Mar. 31, 2035
Net operating loss carryforwards valuation allowance	$ 73,000
Deferred tax asset	73,000
Valuation allowance	$ 4,000	$ 1,000

Common Stock (Details)

Common Stock (Details) - $ / shares	Mar. 31, 2017	Mar. 31, 2016
Common Stock (Textual)
Common stock, shares authorized	100,000,000	100,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	5,000,000	5,000,000
Common stock, shares outstanding	5,000,000	5,000,000

Preferred Stock (Details)

Preferred Stock (Details) - $ / shares	Mar. 31, 2017	Mar. 31, 2016
Preferred Stock (Textual)
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Related Party Transactions (Textual)
Loans payable - related parties	$ 85,000	$ 40,000
Due to Stockholder	70,000
Due to Affiliate	$ 15,000

Subsequent Events (Details)

Subsequent Events (Details) - Rodman [Member] - Subsequent Events [Member]	1 Months Ended
	Apr. 28, 2017USD ($)shares
Subsequent Events (Textual)
Aggregate loan balance | $	$ 85,000
Converted common stock | shares	4,250,000