Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Jan. 31, 2015 | Feb. 18, 2015 | |
Document And Entity Information | ||
Entity Registrant Name | BRK, INC. | |
Entity Central Index Key | 1532926 | |
Document Type | 10-Q | |
Document Period End Date | 31-Jan-15 | |
Amendment Flag | FALSE | |
Current Fiscal Year End Date | -26 | |
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 | 2015 |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Jan. 31, 2015 | Apr. 30, 2014 |
Current assets | ||
Cash | $3,889 | $10,196 |
Inventory | 808 | 808 |
Total current assets | 4,697 | 11,004 |
Fixed assets | ||
Equipment, net of accumulated depreciation of $14,487 and $10,536, respectively | 9,403 | 13,354 |
Total assets | 14,100 | 24,358 |
Current liabilities | ||
Accounts payable | 7,812 | 8,546 |
Accrued compensation - related party | 64,840 | 43,485 |
Convertible notes-related party | 7,089 | 7,089 |
Convertible notes payable | 78,000 | 78,000 |
Short term debt - related party | 48,540 | 38,690 |
Short term debt | 84,400 | 79,400 |
Total liabilities | 290,681 | 255,210 |
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, 2015 and April 30, 2014, respectively | 4,308 | 4,308 |
Additional paid-in capital | 29,742 | 29,742 |
Accumulated deficit | -310,631 | -264,902 |
Total stockholders' deficit | -276,581 | -230,852 |
Total liabilities and stockholders' equity (deficit) | $14,100 | $24,358 |
BALANCE_SHEETS_Parenthetical
BALANCE SHEETS (Parenthetical) (USD $) | Jan. 31, 2015 | Apr. 30, 2014 |
Balance Sheets Parenthetical | ||
Equipment, net of accumulated depreciation | $14,487 | $10,536 |
Preferred stock, par value | $0.00 | $0.00 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 4,308,320 | 4,308,320 |
Common stock, shares outstanding | 4,308,320 | 4,308,320 |
STATEMENTS_OF_OPERATIONS_Unaud
STATEMENTS OF OPERATIONS (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2015 | Jan. 31, 2014 | |
Statements Of Operations | ||||
Revenue | $161 | |||
Operating expenses: | ||||
Selling, general and administrative expenses | 13,867 | 14,264 | 41,939 | 49,620 |
Depreciation | 1,317 | 1,317 | 3,951 | 3,951 |
Loss from operations | -15,184 | -15,581 | -45,729 | -53,571 |
Net loss | ($15,184) | ($15,581) | ($45,729) | ($53,571) |
Net loss per share, basic and diluted | $0 | $0 | ($0.01) | $0 |
Weighted average number of common shares outstanding | 4,308,320 | 4,308,320 | 4,308,320 | 4,308,320 |
STATEMENTS_OF_CASH_FLOWS_Unaud
STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 9 Months Ended | |
Jan. 31, 2015 | Jan. 31, 2014 | |
Cash Flows From Operating Activities: | ||
Net loss | ($45,729) | ($53,571) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 3,951 | 3,951 |
Changes in operating assets and liabilities: | ||
Accounts payable | -734 | 1,736 |
Prepaid | 614 | |
Accrued compensation-related party | 21,355 | |
Advances from related party | 21,580 | |
Net cash used in operating activities | -21,157 | -25,690 |
Cash Flows From Financing Activities: | ||
Borrowing on notes payable-related party | 10,000 | 10,870 |
Payment of borrowings from related party | -150 | |
Borrowings on notes payable | 5,000 | 14,480 |
Net cash provided by financing activities | 14,850 | 25,350 |
Net change in cash | -6,307 | -340 |
Cash at beginning of period | 10,196 | 4,202 |
Cash at end of period | 3,889 | 3,862 |
Payment of accounts payable by third party | $3,700 |
BASIS_OF_PRESENTATION_AND_ORGA
BASIS OF PRESENTATION AND ORGANIZATION | 9 Months Ended |
Jan. 31, 2015 | |
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 three and nine months ended January 31, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending April 30, 2015. The accompanying unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company’s 2015 Annual Report filed with the SEC on July 23, 2014. | |
In the year ending April 30, 2014, the Company has elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information and all references to exploration stage. |
GOING_CONCERN
GOING CONCERN | 9 Months Ended |
Jan. 31, 2015 | |
Notes to Financial Statements | |
NOTE 2 - GOING CONCERN | As shown in the accompanying financial statements, BRK has an accumulated deficit of $310,631 and negative working capital of $285,984 as of January 31, 2015. 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, 2015 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. |
RELATED_PARTY
RELATED PARTY | 9 Months Ended |
Jan. 31, 2015 | |
Notes to Financial Statements | |
NOTE 3 - RELATED PARTY | During the nine months ended January 31, 2015, the Company recorded $21,355 in compensation payable to the President. As of January 31, 2015, $64,840 was due to the President. |
During the nine months ended January 31, 2015, the Company borrowed $10,000 from related party and repaid $150 to related party. As of January 31, 2015, the balance due to related party was $48,540. |
GOING_CONCERN_Details_Narrativ
GOING CONCERN (Details Narrative) (USD $) | Jan. 31, 2015 | Apr. 30, 2014 |
Going Concern Details Narrative | ||
Accumulated deficit | ($310,631) | ($264,902) |
Working capital | ($285,984) |
RELATED_PARTY_Details_Narrativ
RELATED PARTY (Details Narrative) (USD $) | 9 Months Ended | ||
Jan. 31, 2015 | Jan. 31, 2014 | Apr. 30, 2014 | |
Related Party Details Narrative | |||
Accrued compensation-related party | $21,355 | ||
Accrued compensation - related party | 64,840 | 43,485 | |
Related party advanced | 10,000 | ||
Due the related party | 48,540 | ||
Paid to related party | $150 |