Service Team (SVTE) 10-Q10 Apr 142014 Q2 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
Document and Entity Information	Feb. 28, 2014	Apr. 09, 2014
Document and Entity Information	'	'
Entity Registrant Name	'Service Team Inc.	'
Document Type	'10-Q	'
Document Period End Date	28-Feb-14	'
Amendment Flag	'false	'
Entity Central Index Key	'0001535635	'
Current Fiscal Year End Date	'--08-31	'
Entity Common Stock, Shares Outstanding	'	12,430,647
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	'Q2	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Feb. 28, 2014	Aug. 31, 2013
ASSETS	'	'
Cash	$1,790	$100,895
Accounts receivable, net of allowances of $13,085 and $5,961, respectively	103,580	110,240
Total current assets	105,370	211,135
Property and equipment, net	0	0
Prepaid expenses	9,000	9,000
TOTAL ASSETS	114,370	220,135
LIABILITIES & SHAREHOLDERS' (DEFICIT)	'	'
Accounts payable	117,747	128,167
Cash overdrafts	0	4,399
Promissory note - related party	166,279	199,999
Convertible note payable, net of discount of $0 and $6,833, respectively	18,003	16,170
Contingent Liability	54,100	54,100
Accrued Payroll Costs	37,139	38,227
Accrued Interest	1,917	537
TOTAL LIABILITIES	395,185	441,599
Common stock, $0.001 par value, 74,000,000 authorized, 12,430,647 and 12,387,314 issued and outstanding as of February 28, 2014 and August 31, 2013, respectively.	12,430	12,367
Additional paid in capital	987,771	950,302
Subscriptions receivable	-10,000	0
Accumulated deficit	-1,271,016	-1,184,133
TOTAL SHAREHOLDERS' (DEFICIT)	-280,815	-221,464
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)	$114,370	$220,135

CONSOLIDATED_BALANCE_SHEETS_PA

CONSOLIDATED BALANCE SHEETS PARENTHETICALS (USD $)	Feb. 28, 2014	Aug. 31, 2013
PARENTHETICALS	'	'
Accounts receivable, net of allowances	$13,085	$5,961
Convertible note payable, net of discount	$0	$6,833
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	74,000,000	74,000,000
Common Stock, Shares Issued	12,430,647	12,387,314
Common Stock, Shares Outstanding	12,430,647	12,387,314

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	Feb. 28, 2014	Feb. 28, 2013	Feb. 28, 2014	Feb. 28, 2013
REVENUES	'	'	'	'
Sales	$442,895	$305,691	$920,118	$305,871
COST OF SALES	'	'	'	'
Cost of sales	345,920	189,252	657,426	257,231
Gross Margin	96,975	116,439	262,692	48,640
OPERATING EXPENSES	'	'	'	'
General & administrative expenses	174,599	89,304	331,830	142,943
Total Operating Expenses	174,599	89,304	331,830	142,943
INCOME (LOSS) FROM OPERATIONS	-77,624	27,135	-69,138	-94,303
OTHER INCOME (EXPENSE)	'	'	'	'
Interest expense	-5,522	-3,733	-17,745	-6,713
Total Other Income (Expense)	-5,522	-3,733	-17,745	-6,713
NET INCOME (LOSS)	($83,146)	$23,402	($86,883)	($101,016)
Weighted average number of common shares outstanding - basic and fully diluted	12,414,277	7,707,500	12,392,434	7,707,500
Net income (loss) per share - basic and fully diluted	($0.01)	$0	($0.01)	($0.01)

CONSOLIDATED_STATEMENT_OF_SHAR

CONSOLIDATED STATEMENT OF SHAREHOLDERS DEFICIT (USD $)	Common Shares	Common Amount	Additional Paid In Capital	Subscriptions Receivable	Accumulated Deficit	Total
CONSOLIDATED STATEMENT OF SHAREHOLDERS DEFICIT (USD $)	Common Shares	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Balance at Aug. 31, 2012	7,707,500	7,708	321,044	-28,700	-430,554	-130,502
Imputed Interest on Related Party Debt	'	$0	$15,338	$0	$0	$15,338
Shares Issued for Services	300,000	300	194,700	0	0	195,000
Shares Issued for Cash	359,814	359	171,217	0	0	171,576
Shares Issued for Acquisition	4,000,000	4,000	-4,000	0	0	0
Contributed Lease Payment from Related Party	'	0	28,000	0	0	28,000
Contributed Capital	'	0	195,000	0	0	195,000
Imputed rent expense	'	0	6,000	0	0	6,000
Beneficial conversion feature	'	0	23,003	0	0	23,003
Cash Received from Stock Receivables	'	0	0	28,700	0	28,700
Net Loss	'	0	0	0	-753,579	-753,579
Balance at Aug. 31, 2013	12,367,314	12,367	950,302	0	-1,184,133	-221,464
Imputed Interest on Related Party Debt	'	0	9,532	0	0	9,532
Shares Issued for Cash	43,333	43	14,957	0	0	15,000
Shares Issued for Receivable	20,000	20	9,980	-10,000	0	0
Imputed rent expense	'	0	3,000	0	0	3,000
Net Loss	'	$0	$0	$0	($86,883)	($86,883)
Balance at Feb. 28, 2014	12,430,647	12,430	987,771	-10,000	-1,271,016	-280,815

CONSOLIDATED_STATEMENT_OF_CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	6 Months Ended
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	Feb. 28, 2014	Feb. 28, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net Loss	($86,883)	($101,016)
Adjustments to reconcile net loss with cash used in operations:	'	'
Imputed rent expense	3,000	3,000
Debt discount amortization	6,833	0
Imputed interest	9,532	6,713
CHANGE IN OPERATING ASSETS AND LIABILITIES	'	'
Accounts Receivable	6,660	-95,476
Accrued Expenses	292	-30,221
Accounts Payable	-14,819	61,824
Net Cash Used in Operating Activities	-75,385	-155,176
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Proceeds from sale of stock	15,000	28,700
Proceeds from loans with Hallmark Venture Group, Inc. *	5,280	113,769
Payments on loans with Hallmark Venture Group, Inc. *	-39,000	0
Payments on convertible notes payable	-5,000	0
Capital Contribution *	0	0
Net Cash Provided by (Used in) Financing Activities	-23,720	142,469
Net Decrease In Cash and Cash Equivalents	-99,105	-12,707
Cash at Beginning of Period	100,895	71,621
Cash at End of Period	1,790	58,914
Supplemental Disclosures	'	'
Interest Paid	0	0
Taxes Paid	0	0
Non-cash transactions:	'	'
Shares issued for subscriptions receivable	10,000	0
* Related Party	'	'

ORGANIZATION

ORGANIZATION	6 Months Ended
ORGANIZATION	Feb. 28, 2014
ORGANIZATION	'
ORGANIZATION	'
	NOTE 1 - ORGANIZATION

	Organization

	Service Team Inc. (the Company) was incorporated pursuant to the laws of the State of Nevada on June 6, 2011. The Company was organized to comply with the warranty obligations of electronic devices manufactured by companies outside of the United States. The business proved to be unprofitable and the Company reduced its warranty and repair operations. On June 5, 2013, Service Team Inc. acquired Trade Leasing, Inc. for 4,000,000 shares of its common stock, a commonly held company. Trade Leasing, Inc., a California corporation, was incorporated on November 1, 2011, and commenced business January 1, 2013. Trade Leasing, Inc. is principally involved in the manufacturing, maintenance and repair of truck bodies.

	The Company has established a fiscal year end of August 31.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Feb. 28, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The consolidated financial statements presented in this report are the combined financial reports of Trade Leasing, Inc. and Service Team Inc.

The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP).

The consolidated financial statements present the Balance Sheet, Statements of Operations, Shareholders’ Deficit and Cash Flows of the Company. These consolidated financial statements are presented in United States dollars. The accompanying unaudited, consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim periods have been made and are of a recurring nature unless otherwise disclosed herein.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of Service Team Inc. and Trade Leasing, Inc. both of which are under common control and ownership. The condensed consolidated financial statements herein contain the operations of the wholly-owned subsidiaries listed above. The prior periods for the three months and six months ended February 28, 2013 have been combined for both companies under common control in accordance with ASC 805. All significant inter-company transactions have been eliminated in the preparation of these financial statements.

Use of Estimates

The preparation of the consolidated 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 liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

Going Concern

The Company's consolidated financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America, and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. However, we have incurred continued losses, ongoing negative cash flows from operations, have a net working capital deficiency of $289,815, and have an accumulated deficit of approximately $1,271,016 as of February 28, 2014. There can be no assurance that the Company will be successful in order to continue as a going concern. The Company is funding its operations by issuing common shares and debt. As of February 28, 2014, the Company had sold 6,000,000 shares to Hallmark Venture Group, Inc. at $0.001 per share for net funds to the Company of $6,000 and received capital contributions of $23,027. The Company has also sold 2,012,347 shares to various individuals and received net funds of $355,383. Hallmark Venture Group, Inc. has also loaned the Company $166,279. The major shareholder, Hallmark Venture Group, Inc., has committed to advancing additional funds as may be required for the operation of the Company. We cannot be certain that capital will be provided when it is required.

Cash and Equivalents

Cash and equivalents include investments with initial maturities of three months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000. There were no cash equivalents at February 28, 2014 or August 31, 2013.

Concentration of Credit Risk

Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, are cash and cash equivalents. The Company places its cash and temporary cash investments with credit quality institutions. At times, such investments may be in excess of FDIC insurance limits.

Accounts Receivable

All accounts receivable are due thirty (30) days from the date billed. If the funds are not received within thirty (30) days the customer is contacted to arrange payment. The Company uses the allowance method to account for uncollectable accounts receivable. All accounts were considered collectable at period end and no allowance for bad debts was considered necessary. The allowance for doubtful accounts as of February 28, 2014 and August 31, 2013 was $13,085 and $5,961, respectively.

Accounts Receivable and Revenue Concentrations

The Company’s wholly owned subsidiary, Trade Leasing, Inc., has more than 400 customers. Three customers represented 18%, 12% and 11% of total receivables as of February 28, 2014. One customer represents about 36% of total receivables as of August 31, 2013.

During the six months ended February 28, 2014, the Company had one customer that represented about 15% of total sales. During the six months ended February 28, 2013, the Company had one customer that represented about 30% of total sales.

Inventory

The Company does not own inventory. For the Service Products division, parts are supplied to the Company without charge by the manufacturers of the electrical appliance for use in making the warranty repairs as needed. Any unused parts are considered to be immaterial as of year-end. For the Trade Leasing division, materials are purchased as needed from local suppliers; therefore, there was no additional inventory on hand at February 28, 2014 or August 31, 2013.

Property and Equipment

Equipment, vehicles and furniture, which are recorded at cost, consist primarily of fabrication equipment and are depreciated using the straight-line method over the estimated useful lives of the related assets (generally fifteen years or less). Costs incurred for maintenance and repairs are expensed as incurred and expenditures for major replacements and improvements are capitalized and depreciated over their estimated remaining useful lives. There was no depreciation expense during the three months ended February 28, 2014 and August 31, 2013.

Net property and equipment were as follows at February 28, 2014 and August 31, 2013:

2/28/14

8/31/13

Equipment

233,500

Vehicles

15,000

Furniture

1,500

Subtotal

250,000

Less accumulated depreciation

(250,000

)

(250,000

)

Total

Lease Commitments

Service Team Inc. leases a manufacturing facility at 10633 Ruchti Road, South Gate, California 90280 on a year-to-year basis for $7,000 per month. The location consists of three acres of land with two buildings a fabrication building of 6,000 square feet and a final assembly building of 12,000 square feet. The final assembly building includes a large spray booth capable of accommodating large trucks and office space for four offices.

Our principal executive offices are located in 600 square feet in a building at 18482 Park Villa Place, Villa Park, California 92861. The space is furnished by Hallmark Venture Group, Inc., a related party, at no charge. As a result of this contribution of office space, $3,000 and $3,000 of imputed rent expense was recorded for the six months ended February 28, 2014 and February 28, 2013.

Beneficial Conversion Features

From time to time, the Company may issue convertible notes that may contain an imbedded beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.

Fair Value of Financial Instruments

The Company adopted Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820 on June 6, 2011. Under this FASB, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value.

The Company has various financial instruments that must be measured under the new fair value standard including: cash, convertible notes payable, accrued expenses, promissory notes payable, accounts receivable and accounts payable. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows:

Level 1 – Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. The fair value of the Company’s cash is based on quoted prices and therefore classified as Level 1.

Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.

Cash, accounts receivable, accounts payable, promissory notes and accrued expenses reported on the balance sheet are estimated by management to approximate fair market value due to their short term nature.

The following table presents assets that were measured and recognized at fair value as of February 28, 2014 on a recurring basis:

Total

Realized

Description

Level 1

Level 2

Level 3

Loss

Convertible notes payable

18,003

Total

18,003

The following table presents assets that were measured and recognized at fair value as of August 31, 2013 on a recurring basis:

Total

Realized

Description

Level 1

Level 2

Level 3

Loss

Convertible notes payable

16,170

Total

16,170

Income Taxes

In assessing the realization of deferred tax assets, the Company 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 during the periods in which those temporary differences become deductible. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on the level of historical operating results and the uncertainty of the economic conditions, the Company has recorded a full valuation allowance against its deferred tax assets at February 28, 2014 and August 31, 2013 where it cannot conclude that it is more likely than not that those assets will be realized.

Revenue Recognition

Trade Leasing Division

The Trade Leasing Division receives orders from customers to build or repair truck bodies. The company builds the requested product. At the completion of the product the truck is delivered to the customer. If the customer accepts the product Trade Leasing Inc. issues an invoice to the customer for the job. The invoice is entered into our accounting system and is recognized as revenue at that time.

In the Trade Leasing Division we use the completed contract method for truck bodies built, which typically have construction periods of 15 days or less. Contracts are considered complete when title has passed, the customer has accepted the product and we do not retain risks or rewards of ownership of the truck bodies. Losses are accrued if manufacturing costs are expected to exceed manufacturing contract revenue. Manufacturing expenses are primarily composed of aluminum cost, which is the largest component of our raw materials cost and the cost of labor.

Service Products Division

The Service Products Division repairs or replaces electrical appliances (mostly televisions), covered by warranties or insurance companies. The Company has a price list of its services that sets forth a menu of charges for various repairs or replacements. At the completion of the repair, an invoice is prepared itemizing the parts used and fixed labor rate costs are billed by the Company. The invoice is entered into our accounting system and is recognized as revenue at that time. Our invoice is paid by the warranty insurance companies. We do not take title to the product at any point during this process.

As described above, in accordance with the requirements of ASC 605-10-599, the Company recognizes revenue when (1) persuasive evidence of an arrangement exists (contracts); (2) delivery has occurred; (3) the seller’s price is fixed or determinable (per the customer’s contract); and (4) collectability is reasonably assured (based upon our credit policy).

Share Based Expenses

The Company accounts for the issuance of equity instruments to acquire goods and/or services based on the fair value of the goods and services or the fair value of the equity instrument at the time of issuance, whichever is more readily determinable. The Company's accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of standards issued by the FASB. The measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor's performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.

Stock Based Compensation

In December of 2004, the FASB issued a standard which applies to transactions in which an entity exchanges its equity instruments for goods or services and also applies to liabilities an entity may incur for goods or services that are based on the fair value of those equity instruments. For any unvested portion of previously issued and outstanding awards, compensation expense is required to be recorded based on the previously disclosed methodology and amounts. Prior periods presented are not required to be restated. We adopted the standard as of inception. The Company has not issued any stock options to its Board of Directors and officers as compensation for their services. If options are granted, they will be accounted for at a fair value as required by the FASB ASC 718.

Net Loss Per Share

The Company adopted the standard issued by the FASB, which requires presentation of basic earnings or loss per share and diluted earnings or loss per share. Basic income (loss) per share (Basic EPS) is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share (“Diluted EPS”) are similarly calculated using the treasury stock method except that the denominator is increased to reflect the potential dilution that would occur if dilutive securities at the end of the applicable period were exercised. As of February 28, 2014 and February 28, 2013, because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share. In addition, although there was net income during the three month period ended February 28, 2013, there were no dilutive securities; therefore, there is no difference between Basic EPS and Diluted EPS for this period.

Recent Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2013-11: Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The new guidance requires that unrecognized tax benefits be presented on a net basis with the deferred tax assets for such carryforwards. This new guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2013. We do not expect the adoption of the new provisions to have a material impact on our financial condition or results of operations.

In February 2013, FASB issued ASU No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP. The new amendments will require an organization to:

Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income - but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period; and

Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense.

The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 did not have a material impact on our financial position or results of operations.

In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11. The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, the Board determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 did not have a material impact on our financial position or results of operations.

In October 2012, the FASB issued ASU 2012-04, “Technical Corrections and Improvements” in Accounting Standards Update No. 2012-04. The amendments in this update cover a wide range of Topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. The amendments in this update will be effective for fiscal periods beginning after December 15, 2012. The adoption of ASU 2012-04 is not expected to have a material impact on our financial position or results of operations.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
ACQUISITIONS	Feb. 28, 2014
ACQUISITIONS	'
ACQUISITIONS	'
	NOTE 3 - ACQUISITIONS

	Stock Exchange Agreement – Trade Leasing, Inc.

	On June 5, 2013, the Company closed on a Stock Exchange Agreement (SEA) with Hallmark Holdings Inc. Pursuant to the SEA, we purchased all of Hallmark’s 25,000 shares in Trade Leasing, Inc., a California corporation, which gave the Company ownership of all of its furniture, equipment and vehicles in exchange for 4,000,000 common shares of the Company.

	The Company manufactures truck bodies that are attached to a truck chassis which consists of an engine, drive train, a frame with wheels, and in some cases, a cab. The truck chassis is manufactured by third parties that are major automotive or truck companies. These companies do not typically build specialized truck bodies. The company is also involved in other products used by the trucking industry. The company operates a complete manufacturing and repair facility in South Gate, California. The facility manufactures both custom and standard production truck bodies in approximately 70 different models designed to fill the specialized demands of the user. The vans are available for hauling dry freight or refrigerated freight. The refrigerated vans are built with two to four inches of foam insulating that is sprayed in place for hauling refrigerated products such as meats, vegetables, flowers and similar products. The Company installs different types of cooling systems in the trucks. This varies from motor driven units installed outside the van body or refrigeration units driven off the engine of the truck. Some refrigerated trucks use a system called cold plate where a large metal plate is cooled by power while the truck is parked. The power is then unplugged and the truck will stay cool for many hours. The Company’s customers are auto dealers and users of trucks; such as dairies, food distributors and local delivery.

	This acquisition was accounted for as an acquisition by entities under common control due to the fact that both Service Team, Inc. and Trade Leasing, Inc. were and continue to be commonly held by Hallmark Venture Group, Inc., and its affiliates. The ownership structure of the Company did not change as a result nor did any of its officers change positions.

	As the assets acquired were from an entity under common control, the assets from Trade Leasing, Inc. have been combined at historical cost for all periods presented, with no step-up in basis. See below for the recognition entry for the stock issued for the acquisition:

	Additional paid-in-capital	$	4,000
	Common stock, based on par value of $0.001	$	-4,000

	Also pursuant to ASC Section 805-50-45, financial statements and financial information presented for 2012 have been retrospectively adjusted to furnish comparative information. Therefore, the accompanying combined statement of operations for the three and six months ended February 28, 2014 presents the combined financial position and results of operations of the Company and Trade Leasing, Inc.

	Intercompany transactions occurred on or after November 1, 2011, have been eliminated. Likewise, for the period from November 1, 2011 through August 31, 2013, effects of any intra-entity transactions (between the Company and Trade Leasing, Inc.) have been eliminated, resulting in operations for the period prior to Acquisition date essentially being on the same basis as operations post Acquisition date.

	The impact of the retrospective adjustment on the Company’s combined statement of operations for the three and six months ended February 28, 2014, are summarized below.

	STATEMENT OF OPERATIONS


		Three Months Ended February 28, 2013
		The Company			Trade Leasing			Combined Company and Trade Leasing

	Revenues	$	131		$	305,560		$	305,691

	Cost of sales		(42,480	)		(146,772	)		(189,252	)

	Gross Margin		(42,349	)		158,788			116,439

	Operating Expenses		(26,682	)		-62,622			(89,304	)

	Operating (Loss) Income		(69,031	)		96,166			27,135

	Other expense
	Interest expense		(3,733	)		-			(3,733	)

	Net Income (Loss)	$	(72,764	)	$	96,166		$	23,402

	STATEMENT OF OPERATIONS


		Six Months Ended February 28, 2013
		The Company			Trade Leasing			Combined Company and Trade Leasing

	Revenues	$	311		$	305,560		$	305,871

	Cost of sales		(89,459	)		(167,772	)		(257,231	)

	Gross Margin		(89,148	)		137,788			48,640

	Operating Expenses		(80,221	)		(62,722	)		(142,943	)

	Operating (Loss) Income		(169,369	)		75,066			(94,303	)

	Other expense
	Interest expense		(6,713	)		-			(6,713	)

	Net Income (Loss)	$	(176,082	)	$	75,066		$	(101,016	)

CAPITAL_STOCK

CAPITAL STOCK	6 Months Ended
CAPITAL STOCK	Feb. 28, 2014
CAPITAL STOCK	'
CAPITAL STOCK	'
	NOTE 4 – CAPITAL STOCK

	The Company’s authorized capital is 74,000,000 common shares with a par value of $0.001 per share and 100,000 preferred shares with a par value of $0.001 per share.

	2013

	During the fiscal year ended August 31, 2013 the company sold 359,814 shares to various individuals for cash of $171,576. An additional cash amount of $28,700 was received from the stock receivable at August 31, 2012.

	During the fiscal year ended August 31, 2013, $15,338 of interest expense was imputed from a promissory note with related party Hallmark Venture Group, Inc. based upon the average balance during the year at an interest rate of 10 percent.

	On April 16, 2013, the Company granted 300,000 restricted shares to Newport Capital Consultants for consulting services to be performed over the two year period beginning on that date. As there were no claw-back provisions on the shares, the Company expensed fully the fair value of the shares on the Agreement date valued at $195,000 based upon the closing market price on the date of grant. In addition, 300,000 trading shares were contributed by U.S. Affiliated, Inc. which was accounted for as a capital contribution of shares which were transferred to Newport Capital Consultants as additional stock compensation expense of $195,000 based upon the closing market price on the date of grant.

	On May 31, 2013, the Company issued 4,000,000 shares to Hallmark Venture Group, Inc. as consideration its interest in the 25,000 shares of Trade Leasing, Inc., on June 5, 2013; the shares were booked at par value issuance cost with a decrease to additional paid in capital of $4,000 due to treatment requirements for stock granted for an acquisition of an entity under common control. The transaction was accounted for as an acquisition of entity under common control which requires booking the transaction at historical cost.

	On June 21, 2013, for value received, the Company gave a convertible promissory note to Howard Nunn, in the original principal amount of $23,003 (the “Nunn Note”). The Nunn Note has a maturity date of September 30, 2013, and principle and accrued interest at the rate of twelve percent (12%). The note holder has an option to convert the note into Common Stock at the price of $0.50 per share.

	The Company evaluated the Nunn Note and determined that the shares issuable pursuant to the conversion option were determinate due to the Fixed Conversion Price and, as such, does not constitute a derivative liability as the appropriate number of shares will be available or issuable for settlement to occur. The beneficial conversion feature discount resulting from the conversion price of $0.75 below the market price on June 21, 2013 of $1.25 provided a value of $23,003; which was recorded as an increase to additional paid in capital and a reduction of debt due to the discount. As of August 31, 2013, the remaining debt discount balance was $6,833.

	During the fiscal year ended August 31, 2013, $6,000 of rent expense was imputed from a lease note with related party Hallmark Venture Group, Inc. based upon the calculated fair value of the space provided at no cost to the Company.

	During the fiscal year ended August 31, 2013, $28,000 of capital was contributed by Hallmark Venture Group, Inc., in payment of lease expenses for Trade Leasing, Inc.

	2014

	During the three months ended November 30, 2013 the Company sold 20,000 shares for a $10,000 receivable from one investor.

	During the three months ended February 28, 2014 the Company sold 43,333 shares for $15,000 of cash from an unrelated investor.

	During the six months ended February 28, 2014, $3,000 of rent expense was imputed from a lease note with related party Hallmark Venture Group, Inc. based upon the calculated fair value of the space provided at no cost to the Company.

	During the three months ended February 28, 2014, $9,532 of interest expense was imputed from a promissory note with related party Hallmark Venture Group, Inc. based upon the average balance during the period at an interest rate of 10 percent.

	No preferred shares have been issued.

	As of February 28, 2014, and August 31, 2013, the Company has not granted any stock options.

	Stock Based Compensation

	We have accounted for stock based compensation under the provisions of FASB Accounting Standards codification (ASC) 718-10-55. (Prior authoritative literature: FASB Statement 123 (R), Share-based payment.) This statement requires us to record any expense associated with the fair value of stock based compensation. Determining fair value requires input of highly subjective assumptions, including the expected price volatility. Changes in these assumptions can materially affect the fair value estimate.

DEBT_TRANSACTIONS

DEBT TRANSACTIONS	6 Months Ended
DEBT TRANSACTIONS	Feb. 28, 2014
DEBT TRANSACTIONS	'
DEBT TRANSACTIONS	'
	NOTE 5 – DEBT TRANSACTIONS

	Convertible Note Payable

	On June 21, 2013, for value received, the Company gave a convertible promissory note to Howard Nunn, in the original principal amount of $23,003 (the Nunn Note). The Nunn Note has a maturity date of September 30, 2014, and principle and accrued interest at the rate of twelve percent (12%). The note holder has an option to convert the note into Common Stock at the price of $0.50 per share.

	The Company evaluated the Nunn Note and determined that the shares issuable pursuant to the conversion option were determinate due to the Fixed Conversion Price and, as such, does not constitute a derivative liability as the appropriate number of shares will be available or issuable for settlement to occur. The beneficial conversion feature discount resulting from the conversion price of $0.75 below the market price on June 21, 2013 of $1.25 provided a value of $23,003; which was recorded as an increase to additional paid in capital and a reduction of debt due to the discount. The discount was amortized accordingly to the effective interest method over the term of the convertible note in the amount of $6,833 for the six months ended February 28, 2014. As of February 28, 2014, the remaining debt discount balance was $0. Accrued interest at February 28, 2014 and August 31, 2013 were $1,917 and $537, respectively.

	Promissory Note – Related Party

	On August 25, 2011, the Company entered into a loan agreement with Hallmark Venture Group, Inc., with no maturity date or interest rate. During the fiscal year ended August 31, 2013 and the six months ended February 28, 2014, the Company has received funds of $141,493and $5,280, respectively, and repaid funds of $48,258 and $39,000, respectively. During the six month periods ended February 28, 2014 and February 28, 2013, the Company has imputed interest at a reasonable rate of 10 percent totaling $9,532 and $6,713, respectively.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Feb. 28, 2014
RELATED PARTY TRANSACTIONS	'
RELATED PARTY TRANSACTIONS	'
	NOTE 6 - RELATED PARTY TRANSACTIONS

	Promissory Note – Related Party

	On August 25, 2011, the Company entered into a loan agreement with Hallmark Venture Group, Inc., with no maturity date or interest rate. During the fiscal year ended August 31, 2013 and the six months ended February 28, 2014, the Company has received funds of $141,493and $5,280, respectively, and repaid funds of $48,258 and $39,000, respectively. During the six month periods ended February 28, 2014 and February 28, 2013, the Company has imputed interest at a reasonable rate of 10 percent totaling $9,532 and $6,713, respectively.

	Common Stock Transactions

	On May 31, 2013, the Company issued 4,000,000 shares to Hallmark Venture Group, Inc. as consideration its interest in the 25,000 shares of Trade Leasing, Inc., on June 5, 2013; the shares were booked at par value issuance cost with a decrease to additional paid in capital of $4,000 due to treatment requirements for stock granted for an acquisition of an entity under common control. The transaction was accounted for as an acquisition of entity under common control which requires booking the transaction at historical cost.

	Lease Commitments

	Our principal executive offices are located in 600 square feet in a building at 18482 Park Villa Place, Villa Park, California 92861. The space is furnished by Hallmark Venture Group, Inc., a related party, at no charge. As a result of this contribution of office space, $3,000 and $3,000 of imputed rent expense was recorded for the six month periods ended February 28, 2014 and February 28, 2013.

INCOME_TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Feb. 28, 2014
INCOME TAXES	'
INCOME TAXES	'
	NOTE 7 – INCOME TAXES

	The Company accounts for income taxes under standards issued by the FASB. Under those standards, deferred tax assets and liabilities are recognized for future tax benefits or consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided for significant deferred tax assets when it is more likely than not that such assets will not be realized through future operations.

	No provision for federal income taxes has been recorded due to the net operating loss carry forwards totaling approximately $707,761 as of February 28, 2014, that will be offset against future taxable income. The available net operating loss carry forwards of approximately $707,761 will expire in various years through 2032. 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 future tax loss carry forwards.

	The actual income tax provisions differ from the expected amounts calculated by applying the statutory income tax rate to the Company’s loss before income taxes. The components of these differences are as follows at February 28, 2014 and August 31, 2013:

		2/28/14			8/31/13
	Net tax loss carry-forwards	$	707,761		$	631,243
	Statutory rate		34	%		34	%
	Expected tax recovery		240,639			217,623
	Change in valuation allowance		(240,639 )			(217,623	)
	Income tax provision	$	-		$	-

	Components of deferred tax asset:
	Non capital tax loss carry forwards	$	240,639		$	217,623
	Less: valuation allowance		(240,639	)		(217,623	)
	Net deferred tax asset	$	-		$	-

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Feb. 28, 2014
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	NOTE 8 – COMMITMENTS AND CONTINGENCIES

	Litigation

	None.

	Operating Leases

	Service Team Inc. leases a manufacturing facility at 10633 Ruchti Road, South Gate, California 90280 on a year-to-year basis for $7,000 per month. The location consists of three acres of land with two buildings, a fabrication building of 6,000 square feet and a final assembly building of 12,000 square feet. The final assembly building includes a large spray booth capable of accommodating large trucks and office space for four offices. The minimum lease payments required over the next 12 months is $84,000.

	Our principal executive offices are located in 600 square feet in a building at 18482 Park Villa Place, Villa Park, California 92861. The space is furnished by Hallmark Venture Group, Inc., a related party, at no charge. As a result of this contribution of office space, $3,000 and $3,000 of imputed rent expense was recorded for the six month periods ended February 28, 2014 and February 28, 2013.

SEGMENT_REPORTING

SEGMENT REPORTING	6 Months Ended
SEGMENT REPORTING	Feb. 28, 2014
SEGMENT REPORTING	'
SEGMENT REPORTING	'
	NOTE 9 – SEGMENT REPORTING

	Our operations are managed through two operating segments, as shown below. We disclose the results of each of our operating segments in accordance with ASC 280, Segment Reporting. Each of the operating segments is managed under a common structure chaired by our Chief Executive Officer and discrete financial information for both of the segments is available. Our Chief Executive Officer uses the operating results of each of the two operating segments for performance evaluation and resource allocation and, as such, is the chief operating decision maker. The activities of each of our segments from which they earn revenues and incur expenses are described below:

		?		The Trade Leasing segment is involved in the manufacture and repair of truck bodies.

		?		The Service Products segment specializes in electronics service, repair and sales.

	Summarized financial information concerning reportable segments is shown in the following table for the six months ended:

	February 28, 2014:
			Service Products			Trade Leasing			Total

	Revenues		$	-		$	920,118		$	920,118

	Cost of sales			(7,243	)		(650,183	)		(657,426	)

	Gross Margin			(7,243	)		269,935			262,692

	Operating Expenses			(42,038	)		(289,792	)		(331,830	)

	Operating Loss			(49,281	)		(19,857	)		(69,138	)

	Other expense
	Interest expense			(17,745	)		-			(17,745	)

	Net Loss		$	(67,026	)	$	(19,857	)	$	(86,883	)

	February 28, 2013:
			Service Products			Trade Leasing			Total

	Revenues		$	311		$	305,560		$	305,871

	Cost of sales			(89,459	)		(167,772	)		(257,231	)

	Gross Margin			(89,148	)		137,788			48,640

	Operating Expenses			(80,221	)		(62,722	)		(142,943	)

	Operating (Loss) Income			(169,369	)		75,066			(94,303	)

	Other expense
	Interest expense			(6,713	)		-			(6,713	)

	Net Income (Loss)		$	(176,082	)	$	75,066		$	(101,016	)

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Feb. 28, 2014
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	NOTE 10 – SUBSEQUENT EVENTS

	There were no subsequent events through the date that the financial statements were issued.

ACCOUNTING_POLICIES_POLICIES

ACCOUNTING POLICIES (POLICIES)

6 Months Ended

Feb. 28, 2014

ACCOUNTING POLICIES (POLICIES)

Basis of Presentation

The consolidated financial statements presented in this report are the combined financial reports of Trade Leasing, Inc. and Service Team Inc.

The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP).

Principles of Consolidation

Use of Estimates

Going Concern

Cash and Equivalents

Concentration of Credit Risk Policy

Concentration of Credit Risk

Accounts Receivable Policy

Accounts Receivable

Accounts Receivable and Revenue Concentrations

Inventory Policy

Inventory

Property and Equipment Policy

Property and Equipment

Net property and equipment were as follows at February 28, 2014 and August 31, 2013:

2/28/14

8/31/13

Equipment

233,500

Vehicles

15,000

Furniture

1,500

Subtotal

250,000

Less accumulated depreciation

(250,000

)

(250,000

)

Total

Lease Commitments

Beneficial Conversion Features

Fair Value of Financial Instruments

Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.

The following table presents assets that were measured and recognized at fair value as of February 28, 2014 on a recurring basis:

Total

Realized

Description

Level 1

Level 2

Level 3

Loss

Convertible notes payable

18,003

Total

18,003

The following table presents assets that were measured and recognized at fair value as of August 31, 2013 on a recurring basis:

Total

Realized

Description

Level 1

Level 2

Level 3

Loss

Convertible notes payable

16,170

Total

16,170

Income Taxes Policy

Income Taxes

Revenue Recognition

Trade Leasing Division

Service Products Division

Share Based Expenses Policy

Share Based Expenses

Stock Based Compensation Policy

Stock Based Compensation

Net Loss Per Share

Recent Accounting Pronouncements

Property_and_Equipment_TABLES

Property and Equipment (TABLES)	6 Months Ended
Property and Equipment (TABLES)	Feb. 28, 2014
Property and Equipment (TABLES)	'
Property and Equipment (TABLES)	'
	Net property and equipment were as follows at February 28, 2014 and August 31, 2013:

		2/28/14			8/31/13
	Equipment	$	233,500		$	233,500
	Vehicles		15,000			15,000
	Furniture		1,500			1,500
	Subtotal		250,000			250,000

	Less accumulated depreciation		(250,000	)		(250,000	)
	Total	$	-		$	-

Following_table_presents_asset

Following table presents assets that were measured and recognized at fair value (Tables)	6 Months Ended
	Feb. 28, 2014
Following table presents assets that were measured and recognized at fair value	'
Following table presents assets that were measured and recognized at fair value	'
	The following table presents assets that were measured and recognized at fair value as of February 28, 2014 on a recurring basis:

									Total
									Realized
	Description	Level 1		Level 2		Level 3			Loss
	Convertible notes payable	$	-	$	-		$	18,003	$	-
	Total	$	-	$	-		$	18,003	$	-

	The following table presents assets that were measured and recognized at fair value as of August 31, 2013 on a recurring basis:

									Total
									Realized
	Description	Level 1		Level 2		Level 3			Loss
	Convertible notes payable	$	-	$	-		$	16,170	$	-
	Total	$	-	$	-		$	16,170	$	-

Recognized_Identified_Assets_A

Recognized Identified Assets Acquired (Tables)	6 Months Ended
	Feb. 28, 2014
Recognized Identified Assets Acquired	'
Recognized Identified Assets Acquired	'
	As the assets acquired were from an entity under common control, the assets from Trade Leasing, Inc. have been combined at historical cost for all periods presented, with no step-up in basis. See below for the recognition entry for the stock issued for the acquisition:

	Additional paid-in-capital	$	4,000
	Common stock, based on par value of $0.001	$	-4,000

The_impact_of_the_retrospectiv

The impact of the retrospective adjustment on the Company's combined statement of operations (TABLES)	6 Months Ended
	Feb. 28, 2014
The impact of the retrospective adjustment on the Company's combined statement of operations	'
The impact of the retrospective adjustment on the Company's combined statement of operations	'
	The impact of the retrospective adjustment on the Company’s combined statement of operations for the three and six months ended February 28, 2014, are summarized below.

	STATEMENT OF OPERATIONS


		Three Months Ended February 28, 2013
		The Company			Trade Leasing			Combined Company and Trade Leasing

	Revenues	$	131		$	305,560		$	305,691

	Cost of sales		(42,480	)		(146,772	)		(189,252	)

	Gross Margin		(42,349	)		158,788			116,439

	Operating Expenses		(26,682	)		-62,622			(89,304	)

	Operating (Loss) Income		(69,031	)		96,166			27,135

	Other expense
	Interest expense		(3,733	)		-			(3,733	)

	Net Income (Loss)	$	(72,764	)	$	96,166		$	23,402

	STATEMENT OF OPERATIONS


		Six Months Ended February 28, 2013
		The Company			Trade Leasing			Combined Company and Trade Leasing

	Revenues	$	311		$	305,560		$	305,871

	Cost of sales		(89,459	)		(167,772	)		(257,231	)

	Gross Margin		(89,148	)		137,788			48,640

	Operating Expenses		(80,221	)		(62,722	)		(142,943	)

	Operating (Loss) Income		(169,369	)		75,066			(94,303	)

	Other expense
	Interest expense		(6,713	)		-			(6,713	)

	Net Income (Loss)	$	(176,082	)	$	75,066		$	(101,016	)

Components_Of_Income_Tax_Expen

Components Of Income Tax Expense Benefit (Tables)	6 Months Ended
Components Of Income Tax Expense Benefit (Tables)	Feb. 28, 2014
Components Of Income Tax Expense Benefit	'
Components Of Income Tax Expense Benefit	'
	The actual income tax provisions differ from the expected amounts calculated by applying the statutory income tax rate to the Company’s loss before income taxes. The components of these differences are as follows at February 28, 2014 and August 31, 2013:

		2/28/14			8/31/13
	Net tax loss carry-forwards	$	707,761		$	631,243
	Statutory rate		34	%		34	%
	Expected tax recovery		240,639			217,623
	Change in valuation allowance		(240,639 )			(217,623	)
	Income tax provision	$	-		$	-

	Components of deferred tax asset:
	Non capital tax loss carry forwards	$	240,639		$	217,623
	Less: valuation allowance		(240,639	)		(217,623	)
	Net deferred tax asset	$	-		$	-

Summarized_financial_informati

Summarized financial information concerning reportable segments is shown in the following (Tables)	6 Months Ended
	Feb. 28, 2014
Summarized financial information concerning reportable segments is shown in the following	'
Summarized financial information concerning reportable segments is shown in the following	'
	Summarized financial information concerning reportable segments is shown in the following table for the six months ended:

	February 28, 2014:
		Service Products			Trade Leasing			Total

	Revenues	$	-		$	920,118		$	920,118

	Cost of sales		(7,243	)		(650,183	)		(657,426	)

	Gross Margin		(7,243	)		269,935			262,692

	Operating Expenses		(42,038	)		(289,792	)		(331,830	)

	Operating Loss		(49,281	)		(19,857	)		(69,138	)

	Other expense
	Interest expense		(17,745	)		-			(17,745	)

	Net Loss	$	(67,026	)	$	(19,857	)	$	(86,883	)

	February 28, 2013:
		Service Products			Trade Leasing			Total

	Revenues	$	311		$	305,560		$	305,871

	Cost of sales		(89,459	)		(167,772	)		(257,231	)

	Gross Margin		(89,148	)		137,788			48,640

	Operating Expenses		(80,221	)		(62,722	)		(142,943	)

	Operating (Loss) Income		(169,369	)		75,066			(94,303	)

	Other expense
	Interest expense		(6,713	)		-			(6,713	)

	Net Income (Loss)	$	(176,082	)	$	75,066		$	(101,016	)

Organization_Narrative_DETAILS

Organization Narrative (DETAILS)	Jun. 05, 2013
Organization Consists Of:	'
Number of shares of common stock acquired in Trade Leasing Inc. A commonly held company	4,000,000

GOING_CONCERN_DETAILS

GOING CONCERN (DETAILS) (USD $)	Feb. 28, 2014
Going concern details	'
Accumulated deficit	$1,271,016

Going_Concern_STOCK_TRANSACTIO

Going Concern - STOCK TRANSACTIONS (DETAILS) (USD $)	Feb. 28, 2014
Stock transactions - going concern	'
No of Shares issued to Hallmark Venture Group, Inc.,	6,000,000
Price per share of stock issued to Hallmark Venture Group, Inc.,	$0.00
Value of shares issued to Hallmark Venture Group, Inc.,	$6,000
Hallmark Venture Group, Inc capital contributions.,	23,027
No of Shares issued to various individuals .,	2,012,347
Value of Shares issued to various individuals .,	355,383
Loan from Hallmark Venture Group, Inc.,	$166,279

Accounts_Receivable_and_Revenu

Accounts Receivable and Revenue Concentrations (Details) (USD $)	Feb. 28, 2014	Aug. 31, 2013
Accounts Receivable and Revenue Concentrations {1}	'	'
Allowance for doubtful accounts	$13,085	$5,961
Percentage of total receivables by one customer	18.00%	36.00%
Percentage of total sales by one customer	15.00%	'
Percentage of total receivables by second customer	12.00%	'
Percentage of total receivables by third customer	11.00%	'

Net_property_and_equipment_wer

Net property and equipment were as follows (Details) (USD $)	Feb. 28, 2014	Aug. 31, 2013
Net property and equipment were as follows	'	'
Equipment	$233,500	$233,500
Vehicles	15,000	15,000
Furniture	1,500	1,500
Subtotal	250,000	250,000
Less accumulated depreciation	-250,000	-250,000
Total Net property and equipment	$0	$0

Lease_Commitments_Details

Lease Commitments (Details) (USD $)	Feb. 28, 2014	Feb. 28, 2013
Lease Commitments:	'	'
Lease of California office premises per month	$7,000	$0
Imputed rent expense recorded	$3,000	$3,000

Assets_that_were_measured_and_

Assets that were measured and recognized at fair value (Details) (USD $)	Feb. 28, 2014	Aug. 31, 2013
Level 1	'	'
Convertible notes payable	$0	$0
Total	0	0
Level 2	'	'
Convertible notes payable	0	0
Total	0	0
Level 3	'	'
Convertible notes payable	18,003	16,170
Total	18,003	16,170
Total Realized Loss	'	'
Convertible notes payable	0	0
Total:	$0	$0

Adjustment_on_the_Companys_sta

Adjustment on the Company's statement of operations summarized below. (Details) (USD $)	3 Months Ended	6 Months Ended
	Feb. 28, 2013	Feb. 28, 2013
The Company as restated	'	'
Revenues	$131	$311
Cost of sales	-42,480	-89,459
Gross Margin	-42,349	-89,148
Operating Expenses	-26,682	-80,221
Operating (Loss) Income	-69,031	-169,369
Interest expense	-3,733	-6,713
Net Loss	-72,764	-176,082
Trade Leasing	'	'
Revenues	305,560	305,560
Cost of sales	-146,772	-167,772
Gross Margin	158,788	137,788
Operating Expenses	-62,622	-62,722
Operating (Loss) Income	96,166	75,066
Interest expense	0	0
Net Loss	96,166	75,066
Combined Company and Trade Leasing	'	'
Revenues	305,691	305,871
Cost of sales	-189,252	-257,231
Gross Margin	116,439	48,640
Operating Expenses	-89,304	-142,943
Operating (Loss) Income	27,135	-94,303
Interest expense	-3,733	-6,713
Net Loss	$23,402	($101,016)

Stock_Exchange_Agreement_Trade

Stock Exchange Agreement - Trade Leasing, Inc. (Details) (USD $)	Feb. 28, 2014
Stock Exchange Agreement - Trade Leasing, Inc.:	'
Purchase of Hallmark's shares	25,000
Common shares given in exchange for furniture, equipment and vehicles	4,000,000
Additional Paid-in-capital	$4,000
Common stock, based on par value of $0.001	($4,000)

CAPITAL_STOCK_TRANSACTIONS_DET

CAPITAL STOCK TRANSACTIONS (DETAILS) (USD $)	Feb. 28, 2014	Jun. 21, 2013	31-May-13	Apr. 16, 2013
Capital stock transactions details	'	'	'	'
Authorized common shares with a par value of $0.001	74,000,000	'	'	'
Preferred shares with a par value of $0.001 per share	100,000	'	'	'
Shares of common stockissued to Hallmark venture Group	'	'	4,000,000	'
Price per share of common stock issued to Hallmark Venture Group, Inc	$0.00	'	$0.00	'
Value of common stock issued to Hallmark Venture Group, Inc	'	'	$4,000	'
Consideration of shares as its interest in the shares of Trade Leasing, Inc.,	'	'	25,000	'
Restricted shares issued to Newport Capital Consultants for broker services	'	'	'	300,000
Value of Restricted shares issued to Newport Capital Consultants for broker services	'	'	'	195,000
Trading shares were contributed by Hallmark Venture Group, Inc.	'	'	'	300,000
Amount transferred to Newport Capital Consultants as additional stock compensation expense	'	'	'	195,000
convertible promissory note to Howard Nunn, in the original principal amount of	'	23,003	'	'
Accrued interest at the rate of twelve percent	'	12.00%	'	'
Option to convert the note into Common Stock at the price of	'	$0.50	'	'
Remaining debt balance due to discount and a reduction of debt	$0	$6,833	'	'

STOCK_ISSUES_DETAILS

STOCK ISSUES (DETAILS) (USD $)	3 Months Ended		6 Months Ended	12 Months Ended
STOCK ISSUES (DETAILS) (USD $)	Feb. 28, 2014	Nov. 30, 2013	Feb. 28, 2014	Aug. 31, 2013
STOCK ISSUES:	'	'	'	'
NO of shares of common stock sold for individuals	43,333	20,000	'	359,814
Value of shares of common stock sold for individuals	$15,000	$10,000	'	$171,576
Interest expense imputed from related party promissory note	9,532	4,700	'	15,338
Interest rate per year on promissory note	'	12.00%	'	10.00%
Rent expense imputed from a lease note with related party	'	1,500	3,000	6,000
Capital contributed by Hallmark Venture group Inc.	'	'	'	$28,000

DEBT_TRANSACTIONS_AS_FOLLOWS_d

DEBT TRANSACTIONS AS FOLLOWS (details) (USD $)	Feb. 28, 2014	Aug. 31, 2013	Jun. 21, 2013	Feb. 28, 2013
Convertible Note Payable As Follows:	'	'	'	'
Convertible promissory note issued to Howard Nunn, in the original principal amount of	'	'	$23,003	'
interest accrued at the rate of twelve percent	'	'	12.00%	'
conversion price of the note into Common Stock at the price of	'	'	$0.50	'
Beneficial conversion feature discount resulting from the conversion price	'	'	$0.75	'
Provided a value of	'	'	23,003	'
Effective interest method over the term of the convertible note in the amount	6,833	'	'	'
Remaining debt discount balance	0	'	'	'
Accrued interest	1,917	537	'	'
Promissory Note - Related Party	'	'	'	'
Received funds	5,280	141,493	'	'
Repaid funds	39,000	48,258	'	'
Imputed interest at a reasonable rate	10.00%	'	'	10.00%
Imputed interest at a reasonable rate totaling	$9,532	'	'	$6,713

RELATED_PARTY_TRANSACTIONS_AS_

RELATED PARTY TRANSACTIONS AS FOLLOWS (Details) (USD $)	Feb. 28, 2014	31-May-13	Feb. 28, 2013
RELATED PARTY TRANSACTIONS - Common Stock Transactions:	'	'	'
Issued shares	'	4,000,000	'
Consideration interest in shares	'	25,000	'
Issuance cost with a decrease to additional paid in capital	'	$4,000	'
RELATED PARTY TRANSACTIONS - Lease Commitments:	'	'	'
Executive offices are located in square feet	600	'	'
Imputed rent expense recorded for the six month periods ended	$3,000	'	$3,000

Components_of_Income_Taxes_Det

Components of Income Taxes (Details) (USD $)	6 Months Ended
Components of Income Taxes (Details) (USD $)	Feb. 28, 2014	Aug. 31, 2013
Components of Income Taxes:	'	'
Net tax loss carry-forwards	$707,761	$631,243
Statutory rate	34.00%	34.00%
Expected tax recovery	240,639	217,623
Change in valuation allowance	-240,639	-217,623
Income tax provision	$0	$0

Components_of_deferred_tax_ass

Components of deferred tax assets (Details) (USD $)	Feb. 28, 2014	Aug. 31, 2013
Components of deferred tax asset:	'	'
Non capital tax loss carry forwards	$240,639	$217,623
Less: valuation allowance	-240,639	-217,623
Net deferred tax asset	$0	$0

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Feb. 28, 2014	Feb. 28, 2013
COMMITMENTS AND CONTINGENCIES CONSISTS OF:	'	'
Contribution of office space imputed rent expense recorded	$3,000	$3,000
Minimum lease payment required over the period of next 12 months	84,000	'
Lease amount per month for office space	$7,000	'