Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Jan. 31, 2014 | Mar. 11, 2014 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | 'BRK, INC. | ' |
Entity Central Index Key | '0001532926 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Jan-14 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--04-30 | ' |
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 | ' |
Entity Common Stock, Shares Outstanding | ' | 4,308,320 |
Document Fiscal Period Focus | 'Q3 | ' |
Document Fiscal Year Focus | '2014 | ' |
BALANCE_SHEETS_Unaudited
BALANCE SHEETS (Unaudited) (USD $) | Jan. 31, 2014 | Apr. 30, 2013 |
Current assets | ' | ' |
Cash | $3,862 | $4,202 |
Deposit | 4,116 | 4,730 |
Total current assets | 8,678 | 8,932 |
Fixed assets | ' | ' |
Equipment, net of accumulated depreciation of $9,219 and $5,268, respectively | 14,671 | 18,622 |
Total assets | 22,649 | 27,544 |
Current liabilities | ' | ' |
Accounts payable | 8,179 | 10,143 |
Compensation payable-related party | 36,685 | 15,105 |
Convertible notes-related party | 7,089 | 7,089 |
Convertible notes payable | 68,000 | 68,000 |
Short term debt - related party | 39,690 | 28,820 |
Short term debt | 69,400 | 51,220 |
Total liabilities | 229,043 | 180,377 |
Stockholders' deficit | ' | ' |
Preferred shares, par value $0.001 1,000,000 authorized; none issued and outstanding | ' | ' |
Common stock, par value $0.001 authorized 100,000,000 shares, issued and outstanding 4,308,320 as of January 31, 2014 and April 30, 2013, respectively | 4,308 | 4,308 |
Additional paid-in capital | 29,742 | 29,742 |
Accumulated deficit during development stage | -240,444 | -186,873 |
Total stockholders' deficit | -206,394 | -152,823 |
Total liabilities and stockholders' deficit | $22,649 | $27,554 |
BALANCE_SHEETS_Unaudited_Paren
BALANCE SHEETS (Unaudited) (Parenthetical) (USD $) | Jan. 31, 2014 | Apr. 30, 2013 |
Balance Sheets Parenthetical | ' | ' |
Equipment, net of accumulated depreciation | $9,219 | $5,268 |
Preferred stock, par value | $0.00 | $0.00 |
Preferred stock, Authorized | 1,000,000 | 1,000,000 |
Preferred stock, Issued | 0 | 0 |
Preferred stock, outstanding | 0 | 0 |
Common stock, par value | $0.00 | $0.00 |
Common stock, Authorized | 100,000,000 | 100,000,000 |
Common stock, Issued | 4,308,320 | 4,308,320 |
Common stock, outstanding | 4,308,320 | 4,308,320 |
STATEMENTS_OF_OPERATIONS_Unaud
STATEMENTS OF OPERATIONS (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | 68 Months Ended | ||
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | |
Statements Of Operations | ' | ' | ' | ' | ' |
Sales | ' | $48 | ' | $205 | ' |
Operating expenses: | ' | ' | ' | ' | ' |
Selling, general and administrative expenses | 14,264 | 3,425 | 49,620 | 59,667 | 231,515 |
Depreciation | 1,317 | 1,317 | 3,951 | 3,951 | 9,219 |
Loss from operations | -15,581 | -4,694 | -53,571 | -63,413 | -240,734 |
Other Income (expense) | ' | ' | ' | ' | ' |
Other Income | ' | ' | ' | ' | 290 |
Net loss | ($15,581) | ($4,694) | ($53,571) | ($63,413) | ($240,444) |
Net loss per common share basic and diluted | $0 | $0 | ($0.01) | ($0.01) | ' |
Weighted average number of common shares outstanding | 4,308,320 | 4,308,320 | 4,308,320 | 4,240,856 | ' |
STATEMENTS_OF_CASH_FLOWS_Unaud
STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 9 Months Ended | 68 Months Ended | |
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | |
Cash Flows From Operating Activities: | ' | ' | ' |
Net loss | ($53,571) | ($63,413) | ($240,444) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' | ' |
Depreciation | 3,951 | 3,951 | 9,219 |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts payable | 1,736 | 2,436 | 11,879 |
Advances from related parties | 21,580 | ' | 36,685 |
Prepaid expense | 614 | 2,350 | -86 |
Accrued compensation-related parties | ' | 3,225 | ' |
Deposit | ' | -4,030 | -4,030 |
Net cash used in operating activities | -25,690 | -55,481 | -186,777 |
Cash Flows From Investing Activities: | ' | ' | ' |
Payment for fixed assets | ' | ' | -23,890 |
Net cash used in investing activities | ' | ' | -23,890 |
Cash Flows From Financing Activities: | ' | ' | ' |
Sale of common stock | ' | 17,800 | 26,050 |
Borrowings on convertible notes payable | ' | ' | 75,000 |
Borrowings on convertible notes payable-related party | ' | ' | 8,089 |
Borrowing on notes payable-related party | 10,870 | 20,480 | 51,850 |
Borrowings on notes payable | 14,480 | 16,020 | 66,959 |
Repayments on debt | ' | -1,000 | -1,259 |
Repayments on notes payable-related party | ' | -1,320 | -12,160 |
Net cash provided by financing activities | 25,350 | 51,980 | 214,529 |
Net increase in cash | -340 | -3,501 | 3,862 |
Cash at beginning of period | 4,202 | 15,594 | ' |
Cash at end of period | 3,862 | 12,093 | 3,862 |
Non - Monetary Transactions | ' | ' | ' |
Payment of accounts payable by third parties | 3,700 | ' | 3,700 |
Conversion of notes payable to common stock | ' | ' | 8,000 |
Reclassification of long term debt to short-term debt | ' | ' | 45,275 |
Reclassification of construction in progress to fixed assets | ' | ' | $20,190 |
BASIS_OF_PRESENTATION_AND_ORGA
BASIS OF PRESENTATION AND ORGANIZATION | 9 Months Ended |
Jan. 31, 2014 | |
Notes to Financial Statements | ' |
Note 1. BASIS OF PRESENTATION AND ORGANIZATION | ' |
BRK, Inc. (“BRK” or the “Company”) was incorporated on May 22, 2008 as a Nevada corporation. The Company has developed a product for the repair of hanging venetian blinds. As part of this development the Company has completed the development and is building a machine to make the parts for blind repair that it is selling. The development and testing of the machine is near completion with production and marketing of the product to begin in the very near future. | |
BASIS OF PRESENTATION | |
The accompanying unaudited financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information required to be included in a complete set of financial statements in accordance with accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the nine months ended January 31, 2014 are not necessarily indicative of the results that may be expected for the fiscal year ending April 30, 2014. The accompanying unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company’s 2013 Annual Report filed with the SEC on August 14, 2013. |
GOING_CONCERN
GOING CONCERN | 9 Months Ended |
Jan. 31, 2014 | |
Notes to Financial Statements | ' |
Note 2. GOING CONCERN | ' |
As shown in the accompanying financial statements, BRK has an accumulated deficit of $240,444 and negative working capital of $220,365 as of January 31, 2014. Unless profitability and increases in stockholders’ equity continues, these conditions raise substantial doubt as to BRK’s ability to continue as a going concern. The January 31, 2014 financial statements do not include any adjustments that might be necessary if BRK is unable to continue as a going concern. | |
BRK continues to review its expense structure reviewing costs and their reduction to move towards profitability. The Company’s expenses are planned to decrease resulting in profitability and increased shareholders’ equity. |
NOTES_PAYABLE
NOTES PAYABLE | 9 Months Ended |
Jan. 31, 2014 | |
Notes to Financial Statements | ' |
Note 3. NOTES PAYABLE | ' |
During the nine months ended January 31, 2014, the Company borrowed $18,180 from a non-related party. Of this amount, $3,700 was for expenses paid on behalf of the Company. The notes are due on demand and bear no interest. The total due to non-related party note holders is $69,400 as of January 31, 2014. |
RELATED_PARTY
RELATED PARTY | 9 Months Ended |
Jan. 31, 2014 | |
Notes to Financial Statements | ' |
Note 4. RELATED PARTY | ' |
During the nine months ended January 31, 2014, the Company borrowed $10,870 from related parties. These advances are non interest bearing and due on demand. The total due to related parties as of January 31, 2014 is $39,690 in notes payable and $7,089 in convertible notes payable. | |
During the nine months ended January 31, 2014, the Company recorded $21,580 in compensation payable to the President. As of January 31, 2014, $36,685 was due to him. |
BASIS_OF_PRESENTATION_AND_ORGA1
BASIS OF PRESENTATION AND ORGANIZATION (Policies) | 9 Months Ended |
Jan. 31, 2014 | |
Basis Of Presentation And Organization Policies | ' |
BASIS OF PRESENTATION | ' |
The accompanying unaudited financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information required to be included in a complete set of financial statements in accordance with accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the nine months ended January 31, 2014 are not necessarily indicative of the results that may be expected for the fiscal year ending April 30, 2014. The accompanying unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company’s 2013 Annual Report filed with the SEC on August 14, 2013. |
GOING_CONCERN_Details_Narrativ
GOING CONCERN (Details Narrative) (USD $) | Jan. 31, 2014 |
Going Concern Details Narrative | ' |
Accumulated deficit | $240,444 |
Negative working capital | $220,365 |
NOTES_PAYABLE_Details_Narrativ
NOTES PAYABLE (Details Narrative) (USD $) | 9 Months Ended |
Jan. 31, 2014 | |
Notes Payable Details Narrative | ' |
Borrowings from non-related party interest bearing | $18,180 |
Amount due to non-related party | $69,400 |
RELATED_PARTY_Details_Narrativ
RELATED PARTY (Details Narrative) (USD $) | 9 Months Ended | 68 Months Ended | ||
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Apr. 30, 2013 | |
Related Party Details Narrative | ' | ' | ' | ' |
Short term debt - related party | $39,690 | ' | $39,690 | $28,820 |
Convertible notes-related party | 7,089 | ' | 7,089 | 7,089 |
Advances from related parties | 21,580 | ' | 36,685 | ' |
Borrowing on notes payable-related party | 10,870 | 20,480 | 51,850 | ' |
Compensation payable-related party | $36,685 | ' | $36,685 | $15,105 |