Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Nov. 30, 2013 | Jan. 10, 2014 | |
Document and Entity Information: | ' | ' |
Entity Registrant Name | 'SCOOP MEDIA, INC. | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Nov-13 | ' |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001533615 | ' |
Current Fiscal Year End Date | '--08-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 8,000,000 |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Balance_Sheets
Balance Sheets (USD $) | Nov. 30, 2013 | Aug. 31, 2013 |
Current Assets | ' | ' |
Cash | $3,466 | $3,519 |
Total Current Assets | 3,466 | 3,519 |
Current Liabilities | ' | ' |
Accrued liabilities | 21,142 | 19,044 |
Due to related parties | 5,894 | 380 |
Total Current Liabilities | 27,036 | 19,424 |
Stockholders' Equity | ' | ' |
Common stock Authorized: 200,000,000 shares, par value $0.001 , 8,000,000 and 5,500,000 share issued and outstanding, respectively | 8,000 | 8,000 |
Additional paid-in capital | 72,000 | 72,000 |
Deficit accumulated during the development stage | -103,570 | -95,905 |
Total Stockholders' Equity | -23,570 | 15,905 |
Total Liabilities and Stockholders' Equity | $3,466 | $3,519 |
Balance_Sheets_Parentheticals
Balance Sheets Parentheticals (USD $) | Nov. 30, 2013 | Aug. 31, 2013 |
Parentheticals | ' | ' |
Common Stock, par value | $0.00 | $0.00 |
Common Stock, shares authorized | 200,000,000 | 200,000,000 |
Common Stock, shares issued | 8,000,000 | 8,000,000 |
Common Stock, shares outstanding | 8,000,000 | 8,000,000 |
Statements_of_Expenses
Statements of Expenses (USD $) | 3 Months Ended | 32 Months Ended | |
Nov. 30, 2013 | Nov. 30, 2012 | Nov. 30, 2013 | |
Operating Expenses {1} | ' | ' | ' |
General and administrative | $7,665 | $27,620 | $103,570 |
Total Operating Expenses | 7,665 | 27,620 | 103,570 |
Net Loss | ($7,665) | ($27,620) | ($103,570) |
Net Loss Per Share - Basic and Diluted | $0 | $0 | $0 |
Weighted Average Shares Outstanding | 8,000,000 | 7,313,187 | 0 |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 3 Months Ended | 32 Months Ended | |
Nov. 30, 2013 | Nov. 30, 2012 | Nov. 30, 2013 | |
Operating Activities | ' | ' | ' |
Net loss for the period | ($7,665) | ($27,620) | ($103,570) |
Changes in operating assets and liabilities: | ' | ' | ' |
Prepaid expenses | 0 | 0 | 0 |
Accrued liabilities | 2,098 | 1,500 | 21,142 |
Net Cash Used in Operating Activities | -5,567 | -26,120 | -82,428 |
Financing Activities | ' | ' | ' |
Proceeds from issuance of common stock | 0 | 25,000 | 80,000 |
Proceeds from related party debt | 5,514 | 0 | 5,894 |
Net Cash Provided by Financing Activities | 5,514 | 25,000 | 85,894 |
Net Increase in Cash | -53 | -1,120 | 3,466 |
Cash, Beginning of Period | 3,519 | 12,313 | 0 |
Cash, End of Period | 3,466 | 11,193 | 3,466 |
Supplemental Disclosures | ' | ' | ' |
Interest paid | 0 | 0 | 0 |
Income taxes paid | $0 | $0 | $0 |
Nature_of_Operations_Continuan
Nature of Operations, Continuance of Business, and Going Concern | 3 Months Ended |
Nov. 30, 2013 | |
Nature of Operations, Continuance of Business, and Going Concern | ' |
Nature of Operations, Continuance of Business, and Going Concern | ' |
1. Nature of Operations and Continuance of Business | |
Scoop Media, Inc. (the “Company”) was incorporated in the state of Nevada on March 18, 2011. The Company has been in the exploration stage since its formation and has not commenced business operations. | |
The Company had previously been seeking to develop an Internet dating, review and information website. Since our inception, we have only engaged in planning activities for this business and did not engage in any operational activities. On September 30, 2013, Xpress Group, Ltd., a Hong Kong company now known as Heng Fai Enterprises, Ltd. (“Heng Fai”) purchased 5,500,000 shares of the Common Stock of our company representing approximately 68.7% of its issued and outstanding common stock from Yukon Industries, Inc. for $55,000.00 payable in cash at closing. | |
Subsequent to the September 30, 2013 purchase of the Company’s common stock by Heng Fai, the Company determined to pursue a new strategy that revolves around the acquisition and management of real estate assets. | |
These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize it assets and discharge its liabilities in the normal course of business. During the period ended November 30, 2013, the Company has an accumulated deficit of $103,570. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary debt or equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. | |
Basis of Presentation | |
These financial statements and notes are presented in accordance with accounting principles generally accepted in the United States. The Company’s fiscal year end is August 31. |
Related_Party_Transactions
Related Party Transactions | 3 Months Ended |
Nov. 30, 2013 | |
Related Party Transactions | ' |
Related Party Transactions | ' |
2. Related Party Transactions | |
As at November 30, 2013, the Company was indebted to the former President of the Company in the amount of $380, which is non-interest bearing, unsecured, and due on demand. | |
As at November 30, 2013, the Company was indebted to a related company in the amount of $5,514, which is non-interest bearing, unsecured, and due on demand. |
Common_Stock
Common Stock | 3 Months Ended |
Nov. 30, 2013 | |
Common Stock | ' |
Common Stock | ' |
3. Common Stock | |
On September 25, 2012, the Company issued 2,500,000 shares of common stock at $0.01 per share for proceeds of $25,000. The shares were sold by the Company to 32 investors at $0.01 per share pursuant to the Company’s Registration Statement on Form S-1 declared effective by the SEC on February 22, 2012. | |
GOING_CONCERN_details
GOING CONCERN (details) (USD $) | Nov. 30, 2013 |
GOING CONCERN | ' |
Accumulated deficit | $103,570 |
RELATED_PARTY_TRANSACTIONSDeta
RELATED PARTY TRANSACTIONS(Details) (USD $) | 3 Months Ended |
Nov. 30, 2013 | |
RELATED PARTY Debt | ' |
Non interest bearing amount | $380 |
Indebted to a related company non-interest bearing, unsecured, and due on demand. | $5,514 |
Common_Stock_Transactions_Deta
Common Stock Transactions (Details) (USD $) | Sep. 25, 2012 |
Common Stock Shares. | ' |
Issued common shares. | 2,500,000 |
Common stock shares par value. | $0.01 |
Common shares for proceeds. | $25,000 |