Document and Entity Information
Document and Entity Information | 9 Months Ended |
May 31, 2017 | |
Document and Entity Information: | |
Entity Registrant Name | Apawthecary Pets USA |
Entity Central Index Key | 1,528,697 |
Document Type | S1 |
Document Period End Date | May 31, 2017 |
Amendment Flag | false |
Current Fiscal Year End Date | --08-31 |
Is Entity a Well-known Seasoned Issuer? | No |
Is Entity a Voluntary Filer? | No |
Is Entity's Reporting Status Current? | Yes |
Entity Filer Category | Smaller Reporting Company |
Document Fiscal Year Focus | 2,017 |
Balance Sheets
Balance Sheets - USD ($) | May 31, 2017 | Aug. 31, 2016 | Aug. 31, 2015 |
Current assets | |||
Cash and cash equivalents | $ 63 | $ 980 | $ 515 |
Total current assets | 63 | 980 | 515 |
Total Assets | 63 | 980 | 515 |
Current liabilities | |||
Accounts payable and accrued liabilities | 6,247 | 3,391 | 3,132 |
Accounts payable due to related parties (Note 3) | 274 | 153,874 | 80,274 |
Due to related parties (Note 3) | 67,373 | 57,373 | 36,900 |
Total current liabilities | 73,894 | 214,638 | 120,306 |
Total Liabilities | 73,894 | 214,638 | 120,306 |
Capital stock (Note 4) | |||
Authorized 75,000,000 of common shares, par value $0.001, 22,170,000 common shares issued and outstanding as of August 31, 2016 and 2015 and 23,802,264 as of May 31, 2017, par value $0.001 | 23,802 | 22,170 | 22,170 |
Additional paid-in capital | 247,748 | 86,180 | 86,180 |
Accumulated deficit | (345,381) | (322,008) | (228,141) |
Total stockholders' deficit | (73,831) | (213,658) | (119,791) |
Total Liabilities and Stockholders' Deficit | $ 63 | $ 980 | $ 515 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | May 31, 2017 | Aug. 31, 2016 | Aug. 31, 2015 | Jan. 09, 2008 |
Stockholders' deficit | ||||
Common Stock, Par Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 | 75,000,000 | 75,000 |
Common Stock, Shares, Issued | 23,802,264 | 22,170,000 | 22,170,000 | |
Common Stock, Shares Outstanding | 23,802,264 | 22,170,000 | 22,170,000 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
May 31, 2017 | May 31, 2016 | May 31, 2017 | May 31, 2016 | Aug. 31, 2016 | Aug. 31, 2015 | |
Statements Of Operations | ||||||
Revenue | ||||||
Expenses | ||||||
Professional fees | $ 3,000 | $ 1,500 | $ 7,990 | $ 11,000 | 12,961 | 14,500 |
General and administrative | 1,999 | 1,427 | 5,783 | 6,270 | 7,306 | 5,994 |
Management fees | 6,000 | 9,600 | 18,000 | 36,800 | 24,000 | |
Rent | 6,000 | 18,000 | 36,800 | 24,000 | ||
Total expenses | 4,999 | (14,927) | 23,373 | (53,270) | 93,867 | 68,494 |
Net loss | $ (4,999) | $ (14,927) | $ (23,373) | $ (53,270) | $ (93,867) | $ (68,494) |
Basic loss per common share | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of common shares - basic | 23,802,264 | 22,170,000 | 22,743,983 | 22,170,000 | 22,170,000 | 22,170,000 |
Statements of Stockholders' Def
Statements of Stockholders' Deficit - USD ($) | Capital Stock | Additional Paid-In Capital | Accumulated deficit | Total |
Beginning balance, Amount at Aug. 31, 2014 | $ 22,170 | $ 86,180 | $ (159,647) | $ (51,297) |
Beginning balance, Shares at Aug. 31, 2014 | 22,170,000 | |||
Net loss for the year | (68,494) | (68,494) | ||
Ending balance, Amount at Aug. 31, 2015 | $ 22,170 | 86,180 | (228,141) | (119,791) |
Ending balance, Shares at Aug. 31, 2015 | 22,170,000 | |||
Net loss for the year | (53,270) | (53,270) | ||
Ending balance, Amount at May. 31, 2016 | $ 22,170 | 86,180 | (281,411) | (173,061) |
Ending balance, Shares at May. 31, 2016 | 22,170,000 | |||
Beginning balance, Amount at Aug. 31, 2015 | $ 22,170 | 86,180 | (228,141) | (119,791) |
Beginning balance, Shares at Aug. 31, 2015 | 22,170,000 | |||
Net loss for the year | (93,867) | (93,867) | ||
Ending balance, Amount at Aug. 31, 2016 | $ 22,170 | 86,180 | (322,008) | (213,658) |
Ending balance, Shares at Aug. 31, 2016 | 22,170,000 | |||
Shares issued for due to related parties settlement ,Share | 1,632,264 | |||
Shares issued for due to related parties settlement ,Amount | $ 1,632 | 161,568 | 163,200 | |
Net loss for the year | (23,373) | (23,373) | ||
Ending balance, Amount at May. 31, 2017 | $ 23,802 | $ 247,748 | $ (345,381) | $ (73,831) |
Ending balance, Shares at May. 31, 2017 | 23,802,264 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
May 31, 2017 | May 31, 2016 | May 31, 2017 | May 31, 2016 | Aug. 31, 2016 | Aug. 31, 2015 | |
Cash flows used in operating activities | ||||||
Net loss | $ (4,999) | $ (14,927) | $ (23,373) | $ (53,270) | $ (93,867) | $ (68,494) |
Changes in operating assets and liabilities | ||||||
Increase in accounts payable and accrued liabilities | 2,856 | 377 | 259 | 978 | ||
Increase (decrease) in due to related parties | 9,600 | 36,000 | 73,600 | 48,000 | ||
Cash flows used in operating activities | (10,917) | (16,893) | (20,008) | (19,516) | ||
Cash flows from financing activities | ||||||
Advances from related parties | 10,000 | 16,473 | 20,473 | 19,700 | ||
Cash provided by financing activities | 10,000 | 16,473 | 20,473 | 19,700 | ||
Net decrease in cash | (917) | (420) | 465 | 184 | ||
Cash and cash equivalents, beginning of period | 980 | 515 | 515 | 331 | ||
Cash and cash equivalents, end of period | $ 63 | $ 95 | 63 | 95 | 980 | 515 |
Supplemental disclosures of cash flow information | ||||||
Cash paid for interest | ||||||
Cash paid for income taxes | ||||||
Noncash investing and financing activities: | ||||||
Shares issued in settlement of due to related parties | $ 163,200 |
Nature and Continuance of Opera
Nature and Continuance of Operations | 9 Months Ended | 12 Months Ended |
May 31, 2017 | Aug. 31, 2016 | |
Notes to Financial Statements | ||
1. Nature and Continuance of Operations | Apawthecary Pets USA (formerly Bookedbyus Inc.) (the Company) was incorporated under the laws of the State of Nevada on December 27, 2007. The Company originally intended to carry on the business of computer software sales and marketing when all financing is in place. On April 30, 2017 the Company changed its name from Bookedbyus Inc. to Apawthecary Pets USA. The name change is in the best interest of the Company and the company intends to operate in the pet industry going forward. The Companys interim unaudited financial statements as at May 31, 2017 and for the nine months then ended have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company has a loss of $23,373 for the nine months ended May 31, 2017 and $53,270 for the nine months ended May 31, 2016 and has a working capital deficit of $73,831 at May 31, 2017 (August 31, 2016 - $213,658). These factors raise substantial doubt about the ability of the Company to continue as a going concern. Management cannot provide assurance that the Company will ultimately achieve profitable operations or become cash flow positive, or raise additional debt and/or equity capital. Management believes that the Companys capital resources should be adequate to continue operating and maintaining its business strategy during the fiscal year ended August 31, 2017. However, if the Company is unable to raise additional capital in the near future, due to the Companys liquidity problems, management expects that the Company will need to curtail operations, liquidate assets, seek additional capital on less favorable terms and/or pursue other remedial measures. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. As of May 31, 2017, the Company was not engaged in continued business and had significant expenses from development stage activities. Although management is currently attempting to implement its business plan and is seeking additional sources of financing, there is no assurance the activity will be successful. Accordingly, the Company must rely on its president to perform essential functions without compensation until a business operation can be commenced. The financial statements do not include any adjustments that may result from the outcome of this uncertainty. | Bookedbyus Inc. (the Company) was incorporated under the laws of the State of Nevada on December 27, 2007. The Company will carry on the business of computer software sales and marketing when all financing is in place. In the opinion of the management, all normal recurring adjustments which are necessary for a fair presentation of financial statements of the results for the year ended August 31, 2016, have been included. On January 9, 2008, the Company affected a thousand (1,000) for one (1) forward stock split of all outstanding common shares and a corresponding forward increase in the Companys authorized common stock. The effect of the forward split was to increase the number of the Companys authorized common shares from 75,000 shares par value $0.001 to 75,000,000 shares par value $0.001. At the time of the stock split, the Company had no commons shares issued and outstanding. All references in these financial statements to number of common shares, price per share and weighted average number of common shares have been adjusted to reflect the stock split on a retroactive basis, unless otherwise noted. (Note 4). The Companys financial statements as at August 31, 2016 and for the year then ended have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company has a loss of $93,867 for the year ended August 31, 2016 and $68,494 for the year ended August 31, 2015 and has a working capital deficit of $213,658 at August 31, 2016 (2015 - $119,791). These factors raise substantial doubt about the ability of the Company to continue as a going concern. Management cannot provide assurance that the Company will ultimately achieve profitable operations or become cash flow positive, or raise additional debt and/or equity capital. Management believes that the Companys capital resources should be adequate to continue operating and maintaining its business strategy during the fiscal year ended August 31, 2016. However, if the Company is unable to raise additional capital in the near future, due to the Companys liquidity problems, management expects that the Company will need to curtail operations, liquidate assets, seek additional capital on less favorable terms and/or pursue other remedial measures. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. As at August 31, 2016, the Company was not engaged in continued business, and had significant expenses from development stage activities. Although management is currently attempting to implement its business plan and is seeking additional sources of financing, there is no assurance the activity will be successful. Accordingly, the Company must rely on its president to perform essential functions without compensation until a business operation can be commenced. The financial statements do not include any adjustments that may result from the outcome of this uncertainty. |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Aug. 31, 2016 | |
Notes to Financial Statements | |
2. Significant Accounting Policies | The following is a summary of significant accounting policies used in the preparation of these financial statements. Definition of fiscal year The Companys fiscal year end is August 31 st Basis of presentation The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Cash and cash equivalents Cash and cash equivalents include highly liquid investments with original maturities of three months or less. Financial instruments Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures Level 1 Level 2 Level 3 As at August 31, 2016, the fair value of cash and cash equivalents and accounts payable approximates carrying value because of their short maturities. Credit Risk Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents. The Company deposits cash and cash equivalents with high credit quality financial institutions as determined by rating agencies. Currency Risk The Companys assets and liabilities are in U.S. dollars, which is the Companys functional and presentation currency. The Company has no transactions in currencies other than U.S. dollar. As a result, foreign currency risk is insignificant. Interest Rate Risk The Company has cash balances and no interest-bearing debt. It is managements opinion that the Company is not exposed to significant interest risk arising from these financial instruments. Liquidity Risk Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with its financial liabilities. The Company is reliant upon equity issuances and advances from related parties as its sole source of cash. The Company has been successful in raising equity financing in the past; however, there is no assurance that it will be able to do so in the future. Income taxes Deferred income taxes are reported for timing differences between items of income or expense reported in the financial statements and those reported for income tax purposes in accordance with ASC 740, Income Taxes Basic and diluted net loss per share The Company computes net loss per share in accordance with ASC 260 Earnings per Share Related Parties Accounts payable due to related party represents an obligation to pay for services that were used in the ordinary course of business. The amount is classified as a current liability as payment is due on demand. Comprehensive loss ASC 220, Comprehensive Income Start-up expenses The Company has adopted ASC 720-15, Start-Up Costs Foreign currency translation The Companys functional and reporting currency is in U.S. dollars. The financial statements of the Company are translated to U.S. dollars in accordance with ASC 830, Foreign Currency Matters Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from these estimates. Stock-based compensation ASC 718, Compensation Stock Compensation Equity-Based Payments to Non-Employees Recent accounting pronouncements The Company's management has evaluated all the recently issued accounting pronouncements through the filing date of these financial statements and does not believe that any of these pronouncements will have a material impact on the Company's financial position and results of operations. |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
May 31, 2017 | |
Notes to Financial Statements | |
2. Basis of Presentation | The accompanying unaudited interim financial statements of Apawthecary Pets USA have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the Companys audited financial statements for the year ended August 31, 2016, as filed with the SEC on Form 10-K. In the opinion of management, all normal recurring adjustments which are necessary for a fair presentation of financial statements of the results for the interim period ended May 31, 2017, have been included. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period ended August 31, 2016, as reported in the Form 10-K, have been omitted . |
Due to Related Parties and Rela
Due to Related Parties and Related Party Transactions | 9 Months Ended | 12 Months Ended |
May 31, 2017 | Aug. 31, 2016 | |
Notes to Financial Statements | ||
3. Due to Related Parties and Related Party Transactions | During the nine month period ended May 31, 2017, the Company accrued management fees in the amount of $9,600 (2016 - $18,000) to a consultant, Brad Kersch, who is under contract. The outstanding balance of management fees payable was $274 and $76,800 as of May 31, 2017 and August 31, 2016, respectively. During the nine month period ended May 31, 2017, the Company accrued rent expense in the amount of $0 (2016 - $18,000) to a company with an officer in common. The outstanding balance of rent payable was $Nil and $76,800 as of May 31, 2017 and August 31, 2016, respectively. On February 24, 2017, the Company settled the accounts payable of $86,400 with Brad Kersch for consulting services, per the Consulting Services Agreement, for 864,264 of Apawthecary Pets USAs Common Shares at $0.10 per share. On February 24, 2017, the Company settled an accounts payable of $76,800 to Digital Pilot Inc., with a director in common, for office rental in Los Angeles, per the California Commercial Lease Agreement, for 768,000 of Apawthecary Pets USAs Common Shares at $0.10 per share. As of May 31, 2017, related parties of the Company have provided a series of loan, totaling $67,373 (August 31, 2016 - $57,373), for working capital purposes. These amount are unsecured, interest-free and are due on demand. Yuying Liang has contributed uncompensated financial accounting services to Apawthecary Pets USA . | During the year ended August 31, 2016, the Company accrued management fees in the amount of $36,800 (2015 - $24,000) to a consultant, Brad Kersch, who is under contract. The outstanding balance of management fees payable was $76,800 and $40,274 as of August 31, 2016 and 2015, respectively. During the year ended August 31, 2016, the Company accrued rent expense in the amount of $36,800 (2015 - $24,000) to a company with an officer in common. The outstanding balance of rent payable was $76,800 and $40,000 as of August 31, 2016 and 2015, respectively. As at August 31, 2016, related parties of the Company have provided a series of loan, totaling $57,373 (2015 - $36,900), for working capital purposes. These amount are unsecured, interest-free and are due on demand. |
Capital Stock
Capital Stock | 9 Months Ended | 12 Months Ended |
May 31, 2017 | Aug. 31, 2016 | |
Notes to Financial Statements | ||
4. Capital Stock | The total authorized capital is 75,000,000 common shares with a par value of $0.001 per common share. Issued and outstanding The Company had 23,802,264 and 22,170,000 common shares issued and outstanding as at May 31, 2017 and August 31, 2016, respectively. | The total authorized capital is 75,000,000 common shares with a par value of $0.001 per common share. On January 9, 2008, the Company affected a thousand (1,000) for one (1) forward stock split of all outstanding common shares and a corresponding forward increase in the Companys authorized common stock. The effect of the forward split was to increase the number of the Companys authorized common shares from 75,000 shares par value $0.001 to 75,000,000 shares par value $0.001. At the time of the stock split, the Company had no common shares issued and outstanding. All references in these financial statements to number of common shares, price per share and weighted average number of common shares have been adjusted to reflect the stock split on a retroactive basis, unless otherwise noted. Issued and outstanding The Company had 22,170,000 common shares issued and outstanding as at August 31, 2016 and 2015. |
Income Taxes
Income Taxes | 12 Months Ended |
Aug. 31, 2016 | |
Notes to Financial Statements | |
5. Income Taxes | The Company accounts for income taxes under FASB Accounting Standard Codification ASC 740 "Income Taxes". ASC 740 requires use of the liability method. ASC 740 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, referred to as temporary differences. Deferred tax assets and liabilities at the end of each period are determined using the currently enacted tax rates applied to taxable income in the periods in which the deferred tax assets and liabilities are expected to be settled or realized. As of August 31, 2016 and 2015, the Company had net operating loss carry forwards of $322,008 and $228,141 that may be available to reduce future years' taxable income. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. Net operation losses will begin to expire in 2030. Components of net deferred tax assets, including a valuation allowance, are as follows at August 31, 2016 and 2015: 2016 2015 Deferred tax assets: Net operating loss ca rry forward 112,703 79,849 Less: valuation allowance (112,703 ) (79,849 ) Net deferred tax assets - - The valuation allowance for deferred tax assets as of August 31, 2016 was $112,703, as compared to $79,849 as of August 31, 2015. In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not the deferred tax assets would not be realized as of August 31, 2016. The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes. The sources and tax effects of the differences are as follows: U.S federal statutory rate (35.0%) Valuation reserve 35.0% Total -% At August 31, 2016, we had an unused net operating loss carryover approximating $322,008 with a full valuation allowance of $112,703 that is available to offset future taxable income which expires beginning 2030. |
Contracts Under Commitment
Contracts Under Commitment | 12 Months Ended |
Aug. 31, 2016 | |
Notes to Financial Statements | |
6. Contracts Under Commitment | The Company has leased an office in Los Angeles California for a period of twelve months commencing January 1, 2014. The office is located at Suite 101, 619 S. Ridgley Los Angeles CA 90036 ($2,000 per month) due on the first calendar day of each month. This twelve month term automatically renews if no written notice of termination is given 30 days prior to the end on each term. The landlord agrees to accept either cash or shares as settlement for each months' rent. The landlord will defer rent in lieu of shares at $0.10 a share as per the Registration Statement or cash. As a concession for this deferment, the landlord will charge an additional 20% per month for each month deferred. (ie. $400 or 4,000 shares at $0.10 per share.) The California lease agreement was terminated effective Aug 31, 2016. Both parties agree to the deferment schedule being at the end of the term. All deferred rent subject to the 20% per month will be collectable only at the end of the term. The Company has entered into a consulting agreement with Brad Kersch for marketing and business consulting. The term of the agreement is one year beginning January 1, 2014. Consideration for such consulting services is $2,000 per month payable in cash or common shares, at the Companys election. The Consultant agrees to accept either cash or shares as settlement for each months' pay. The Consultant agrees to defer payments in lieu of shares at $0.10 a share as per the Registration Statement. As a concession for this deferment, the Consultant will charge an additional 20% per month for each month deferred. (ie. $400 or 4,000 shares at $0.10 per share.) Both parties agree to the deferment schedule to be calculated only at the end of the term. All deferred rent subject to the 20% per month will be calculated and collectable only at the end of the term. |
Subsequent Events
Subsequent Events | 9 Months Ended | 12 Months Ended |
May 31, 2017 | Aug. 31, 2016 | |
Notes to Financial Statements | ||
7. Subsequent Events | On August 24, 2017 Apawthecary Pets USA entered into a license agreement with Solace Management Group Inc. a British Columbia corporation. Solace Management Group Inc. and Apawthecary Pets USA have a Director and officer in common, Bradley Kersch. | On November 4, 2016, related parties of the Company provided a loan, totaling $5,000 for working capital purposes. This amount is unsecured, interest-free and due on demand. |
Significant Accounting Polici15
Significant Accounting Policies (Policies) | 12 Months Ended |
Aug. 31, 2016 | |
Significant Accounting Policies Policies | |
Definition of Fiscal Year | The Companys fiscal year end is August 31 st |
Basis of presentation | The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). |
Cash and cash equivalents | Cash and cash equivalents include highly liquid investments with original maturities of three months or less. |
Financial instruments | Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures Level 1 Level 2 Level 3 As at August 31, 2016, the fair value of cash and cash equivalents and accounts payable approximates carrying value because of their short maturities. |
Credit Risk | Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents. The Company deposits cash and cash equivalents with high credit quality financial institutions as determined by rating agencies. |
Currency Risk | The Companys assets and liabilities are in U.S. dollars, which is the Companys functional and presentation currency. The Company has no transactions in currencies other than U.S. dollar. As a result, foreign currency risk is insignificant. |
Interest Rate Risk | The Company has cash balances and no interest-bearing debt. It is managements opinion that the Company is not exposed to significant interest risk arising from these financial instruments. |
Liquidity Risk | Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with its financial liabilities. The Company is reliant upon equity issuances and advances from related parties as its sole source of cash. The Company has been successful in raising equity financing in the past; however, there is no assurance that it will be able to do so in the future. |
Income taxes | Deferred income taxes are reported for timing differences between items of income or expense reported in the financial statements and those reported for income tax purposes in accordance with ASC 740, Income Taxes |
Basic and diluted net loss per share | The Company computes net loss per share in accordance with ASC 260 Earnings per Share |
Related Parties | Accounts payable due to related party represents an obligation to pay for services that were used in the ordinary course of business. The amount is classified as a current liability as payment is due on demand. |
Comprehensive loss | ASC 220, Comprehensive Income |
Start-up expenses | The Company has adopted ASC 720-15, Start-Up Costs |
Foreign currency translation | The Companys functional and reporting currency is in U.S. dollars. The financial statements of the Company are translated to U.S. dollars in accordance with ASC 830, Foreign Currency Matters |
Use of estimates | The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from these estimates. |
Stock-based compensation | ASC 718, Compensation Stock Compensation Equity-Based Payments to Non-Employees |
Recent accounting pronouncements | The Company's management has evaluated all the recently issued accounting pronouncements through the filing date of these financial statements and does not believe that any of these pronouncements will have a material impact on the Company's financial position and results of operations. |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Aug. 31, 2016 | |
Income Taxes Tables | |
Deferred tax assets | Components of net deferred tax assets, including a valuation allowance, are as follows at August 31, 2016 and 2015: 2016 2015 Deferred tax assets: Net operating loss carry forward 112,703 79,849 Less: valuation allowance (112,703 ) (79,849 ) Net deferred tax assets - - |
Nature and Continuance of Ope17
Nature and Continuance of Operations (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||
Jan. 31, 2008 | May 31, 2017 | May 31, 2016 | May 31, 2017 | May 31, 2016 | Aug. 31, 2016 | Aug. 31, 2015 | Aug. 31, 2014 | Jan. 09, 2008 | |
Nature And Continuance Of Operations Details Narrative | |||||||||
Net income (loss) | $ (4,999) | $ (14,927) | $ (23,373) | $ (53,270) | $ (93,867) | $ (68,494) | |||
Working capital deficit | $ (73,831) | $ (173,061) | $ (73,831) | $ (173,061) | $ (213,658) | $ (119,791) | $ (51,297) | ||
State of incorporation | State of Nevada | ||||||||
Date of incorporation | Dec. 27, 2007 | ||||||||
Forward stock split | Thousand for one | ||||||||
Common Stock, Par Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000 |
Significant Accounting Polici18
Significant Accounting Policies (Details Narrative) | 12 Months Ended |
Aug. 31, 2016 | |
Significant Accounting Policies Details Narrative | |
Cash and cash equivalents original maturities | three months or less |
Due to Related Parties and Re19
Due to Related Parties and Related Party Transactions (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Feb. 24, 2017 | May 31, 2017 | May 31, 2016 | May 31, 2017 | May 31, 2016 | Aug. 31, 2016 | Aug. 31, 2015 | |
Accrued management fees | $ 6,000 | $ 9,600 | $ 18,000 | $ 36,800 | $ 24,000 | ||
Outstanding balance of management fees payable | 274 | 274 | 76,800 | 40,274 | |||
Accrued rent expense | $ 6,000 | 18,000 | 36,800 | 24,000 | |||
Outstanding balance of rent payable | 0 | 0 | 76,800 | 40,000 | |||
Due to related parties | $ 67,373 | 67,373 | $ 57,373 | $ 36,900 | |||
Digital Pilot Inc [Member] | |||||||
Shares issued for services | 768,000 | ||||||
Shares Issued, Price Per Share | $ 0.10 | ||||||
Settlement of accounts payable | $ 76,800 | ||||||
Chief Executive Officer [Member] | |||||||
Accrued management fees | $ 9,600 | 12,000 | |||||
Accounts payable for consulting services | $ 86,400 | ||||||
Shares issued for services | 864,264 | ||||||
Shares Issued, Price Per Share | $ 0.10 | ||||||
Officer [Member] | |||||||
Accrued rent expense | $ 0 | $ 18,000 |
Capital Stock (Details Narrativ
Capital Stock (Details Narrative) - $ / shares | 1 Months Ended | ||||
Jan. 31, 2008 | May 31, 2017 | Aug. 31, 2016 | Aug. 31, 2015 | Jan. 09, 2008 | |
Capital Stock Details Narrative | |||||
Common Stock, Par Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 | 75,000,000 | 75,000 | |
Common Stock, Shares Issued | 23,802,264 | 22,170,000 | 22,170,000 | ||
Common Stock, Shares Outstanding | 23,802,264 | 22,170,000 | 22,170,000 | ||
Forward stock split | Thousand for one |
Income Taxes (Details)
Income Taxes (Details) - USD ($) | Aug. 31, 2016 | Aug. 31, 2015 |
Deferred tax assets: | ||
Net operating loss carry forward | $ 112,703 | $ 79,849 |
Less: valuation allowance | (112,703) | (79,849) |
Net deferred tax assets |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) - USD ($) | 12 Months Ended | |
Aug. 31, 2016 | Aug. 31, 2015 | |
Income Taxes Details Narrative | ||
Net operating loss carry forward | $ 322,008 | $ 228,141 |
Valuation allowance | $ (112,703) | $ (79,849) |
U.S federal statutory rate | (35.00%) | |
Valuation reserve | 35.00% | |
Total sources and tax effects | 0.00% | |
Expiry date | 2,030 |
Contracts Under Commitment (Det
Contracts Under Commitment (Details Narrative) | 12 Months Ended |
Aug. 31, 2016USD ($)$ / shares | |
Lease agreement termination date | Aug 31, 2016 |
Consulting Agreement [Member] | |
Office rent per month | $ | $ 2,000 |
Defer rent in lieu of shares, per share | $ / shares | $ 0.10 |
Deferred charge | 20.00% |
Office [Member] | |
Office rent per month | $ | $ 2,000 |
Defer rent in lieu of shares, per share | $ / shares | $ 0.10 |
Deferred charge | 20.00% |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) | Nov. 04, 2016USD ($) |
Subsequent Events Details Narrative | |
Related parties loan for working capital purposes | $ 5,000 |