Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Aug. 31, 2014 | Oct. 13, 2014 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | 'Webfolio Inc. | ' |
Entity Central Index Key | '0001536643 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Aug-14 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--05-31 | ' |
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 | ' |
Entity Common Stock, Shares Outstanding | ' | 6,000,000 |
Document Fiscal Period Focus | 'Q1 | ' |
Document Fiscal Year Focus | '2014 | ' |
Balance_Sheets
Balance Sheets (USD $) | Aug. 31, 2014 | 31-May-14 |
Current Assets | ' | ' |
Cash and cash equivalents | $4,098 | $4,346 |
Total current assets | 4,098 | 4,346 |
TOTAL ASSETS | 4,098 | 4,346 |
Current Liabilities | ' | ' |
Accounts payable | 3,465 | 475 |
Loan from shareholder | 14,488 | 11,988 |
Total current liabilities | 17,953 | 12,463 |
TOTAL LIABILITIES | 17,953 | 12,463 |
STOCKHOLDERS' EQUITY (DEFICIT) | ' | ' |
Common stock, 6,000,000 shares issued and outstanding at August 31, 2014 and 5,000,000 at May 31, 2014 respectively | 600 | 600 |
Additional paid-in capital | 19,400 | 19,400 |
Deficit accumulated during the development stage | 33,855 | 28,117 |
TOTAL STOCKHOLDERS' EQUITY | -13,855 | -8,117 |
TOTAL LIABILITITES & STOCKHOLDERS' EQUITY (DEFICIT) | $4,098 | $4,346 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Aug. 31, 2014 | 31-May-14 |
Statement of Financial Position [Abstract] | ' | ' |
Common shares | $130,000,000 | $130,000,000 |
Par value | $0.00 | $0.00 |
Common stock, par value | $0.00 | ' |
Common stock, shares issued | 6,000,000 | 5,000,000 |
Common stock, shares outstanding | 6,000,000 | 5,000,000 |
Statements_of_Operations
Statements of Operations (USD $) | 3 Months Ended | |
Aug. 31, 2014 | Aug. 31, 2013 | |
Revenues | ' | ' |
Revenues | ' | ' |
Total Revenues | ' | ' |
Operating Costs | ' | ' |
Professional expenses | 4,595 | 1,250 |
General and Administative | 1,143 | 45 |
Total Operating Costs | 5,738 | 1,295 |
Other Income and Expense | ' | ' |
Exchange gain(loss) | ' | ' |
Total Other Income and Expense | ' | ' |
Net Income (Loss) | ($5,738) | ($1,295) |
Basic earnings per share | $0 | $0 |
Weighted average number of common shares outstanding | 6,000,000 | 5,000,000 |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 3 Months Ended | |
Aug. 31, 2014 | Aug. 31, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net income (loss) | ($5,738) | ($1,295) |
Changes in operating assets and liabilities: | ' | ' |
Accounts payable | 2,990 | -740 |
Net cash used in operating activities | -2,748 | -2,035 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Net cash used in investing activities | ' | ' |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Proceeds from shareholder loans | 2,500 | ' |
Issuance of common stock for cash | ' | ' |
Net cash provided by financing activities | 2,500 | ' |
Net change in cash | -248 | -2,035 |
Cash and cash equivalents at beginning of period | 4,346 | 6,410 |
Cash and cash equivalents at end of period | 4,098 | 4,375 |
Cash paid during year for : | ' | ' |
Interest | ' | ' |
Income Taxes | ' | ' |
NATURE_OF_OPERATIONS
NATURE OF OPERATIONS | 3 Months Ended |
Aug. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
NATURE OF OPERATIONS | ' |
Webfolio Inc. ("The Company") was incorporated in the State of Delaware on May 16, 2011 to engage in the creation and development of an online service primarily to help real estate investors more effectively manage their properties and potential buyers. The Company has no revenues and a limited operating history. | |
Going Concern Consideration | |
These financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of $33,855 since its inception and requires capital for its contemplated operational and marketing activities to take place. The Company's ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company's contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company's ability to continue as a going concern. | |
Future issuances of the Company's equity or debt securities will be required in order for the Company to continue to finance its operations and continue as a going concern. The Company's present revenues are insufficient to meet operating expenses. The financial statements do not include any adjustments that may result from the outcome of these aforementioned uncertainties. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Aug. 31, 2014 | |
Accounting Policies [Abstract] | ' |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' |
BASIS OF PRESENTATION | |
The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company's fiscal year end is May 31. | |
CASH AND CASH EQUIVALENTS | |
The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents. | |
USE OF ESTIMATES AND ASSUMPTIONS | |
The preparation of financial statements in conformity with generally accepted accounting principles requires that management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. | |
FOREIGN CURRENCY TRANSLATION | |
The financial statements are presented in United States dollars. In accordance with ASC 830, "Foreign Currency Matters", foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Revenue and expenses are translated at average rates of exchange during the year. Gains or losses resulting from foreign currency transactions are included in results of operations. | |
FINANCIAL INSTRUMENT | |
Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. ASC 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. FASB ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels: | |
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available. | |
Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. | |
Level 3: Significant unobservable inputs that reflect a reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability. For example, level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method. | |
The recorded amounts of financial instruments, including cash equivalents, accounts payable and loan from related party, approximate their market values as of August 31, 2014. | |
INCOME TAXES | |
The Company follows the accrual method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on the deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. At August 31, 2014, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded. | |
BASIC AND DILUTED NET INCOME (LOSS) PER SHARE | |
The Company computes net income (loss) per share in accordance with ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. | |
RECENT ACCOUNTING PRONOUNCEMENTS | |
In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as “Development Stage Entities” (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915. The Company has adopted this standard and will not report inception to date financial information. | |
In May 2014, FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. The revenue recognition standard affects all entities that have contracts with customers, except for certain items. The new revenue recognition standard eliminates the transaction-and industry-specific revenue recognition guidance under current GAAP and replaces it with a principle-based approach for determining revenue recognition. Public entities are required to adopt the revenue recognition standard for reporting periods beginning after December 15, 2016, and interim and annual reporting periods thereafter. Early adoption is not permitted for public entities. The Company has reviewed the applicable ASU and has not, at the current time, quantified the effects of this pronouncement, however it believes that there will be no material effect on the financial statements. | |
In June 2014, FASB issued Accounting Standards Update (ASU) No. 2014-12 Compensation — Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. A performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation — Stock Compensation. As a result, the target is not reflected in the estimation of the award’s grant date fair value. Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved. The guidance is effective for annual periods beginning after 15 December 2015 and interim periods within those annual periods. Early adoption is permitted. Management has reviewed the ASU and believes that they currently account for these awards in a manner consistent with the new guidance, therefore there is no anticipation of any effect to the financial statements. | |
In August 2014, FASB issued Accounting Standards Update (ASU) No. 2014-15 Preparation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity’s liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entity’s liquidation becomes imminent, financial statements should be prepared under the liquidation basis of accounting in accordance with Subtopic 205-30, Presentation of Financial Statements—Liquidation Basis of Accounting. Even when an entity’s liquidation is not imminent, there may be conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern. In those situations, financial statements should continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine whether to disclose information about the relevant conditions and events. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company will evaluate the going concern considerations in this ASU, however, at the current period, management does not believe that it has met conditions which would subject these financial statements for additional disclosure. | |
We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration. |
RELATED_PARTY_TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Aug. 31, 2014 | |
Related Party Transactions [Abstract] | ' |
RELATED PARTY TRANSACTIONS | ' |
The President of the Company provides management and office premises to the Company for no compensation. He will also not receive any interest on any funds that he has advanced to the Company. Mr. Thompson has advanced funds to the Company as of August 31, 2014 in the amount of $14,488. |
COMMON_SHARES
COMMON SHARES | 3 Months Ended |
Aug. 31, 2014 | |
Equity [Abstract] | ' |
COMMON SHARES | ' |
The stockholders' equity section of the Company contains the following classes of capital stock as of August 31, 2014: | |
Common stock, $ 0.0001 par value: 130,000,000 shares authorized; 6,000,000 shares issued and outstanding | |
In May, 2011, the Company authorized the issue of 5,000,000 common shares of the company at par value of $.002 to Robin Thompson, Director, for net cash proceeds of $10,000. | |
In December, 2013, the Company issued a total of 1,000,000 shares of common stock to 25 individuals for cash in the amount of $0.01 per share for a total of $10,000. | |
At August 31, 2014 there are total of 6,000,000 common shares of the Company issued and outstanding. |
INCOME_TAXES
INCOME TAXES | 3 Months Ended | ||||
Aug. 31, 2014 | |||||
Income Tax Disclosure [Abstract] | ' | ||||
INCOME TAXES | ' | ||||
The Company follows ASC 740. Deferred income taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry-forwards. No net provision for refundable Federal income tax has been made in the accompanying statement of loss because no recoverable taxes were paid previously. Similarly, no deferred tax asset attributable to the net operating loss carry-forward has been recognized, as it is not deemed likely to be realized. The provision for refundable federal income tax consists of the following for the period ended August 31, 2014: | |||||
Federal income tax benefit attributed to: | |||||
Net operating loss | $ | (5,738 | ) | ||
Valuation allowance | $ | (5,738 | ) | ||
Net benefit | $ | — | |||
The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows: | |||||
Deferred tax attributed: | |||||
Net operating loss carryover | $ | 11,511 | |||
Less change in valuation allowance | $ | (11,511 | ) | ||
Net deferred tax asset | $ | — | |||
At August 31, 2014, the Company had an unused net operating loss carry-forward approximating $33,855 that is available to offset future taxable income; the loss carry-forward will start to expire in 2030. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Aug. 31, 2014 | |
Accounting Policies [Abstract] | ' |
BASIS OF PRESENTATION | ' |
The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company's fiscal year end is May 31. | |
CASH AND CASH EQUIVALENTS | ' |
The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents. | |
USE OF ESTIMATES AND ASSUMPTIONS | ' |
The preparation of financial statements in conformity with generally accepted accounting principles requires that management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. | |
FOREIGN CURRENCY TRANSLATION | ' |
The financial statements are presented in United States dollars. In accordance with ASC 830, "Foreign Currency Matters", foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Revenue and expenses are translated at average rates of exchange during the year. Gains or losses resulting from foreign currency transactions are included in results of operations. | |
FINANCIAL INSTRUMENT | ' |
Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. ASC 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. FASB ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels: | |
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available. | |
Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. | |
Level 3: Significant unobservable inputs that reflect a reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability. For example, level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method. | |
The recorded amounts of financial instruments, including cash equivalents, accounts payable and loan from related party, approximate their market values as of August 31, 2014. | |
INCOME TAXES | ' |
The Company follows the accrual method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on the deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. At August 31, 2014, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded. | |
BASIC AND DILUTED NET INCOME (LOSS) PER SHARE | ' |
The Company computes net income (loss) per share in accordance with ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. | |
RECENT ACCOUNTING PRONOUNCEMENTS | ' |
In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as “Development Stage Entities” (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915. The Company has adopted this standard and will not report inception to date financial information. | |
In May 2014, FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. The revenue recognition standard affects all entities that have contracts with customers, except for certain items. The new revenue recognition standard eliminates the transaction-and industry-specific revenue recognition guidance under current GAAP and replaces it with a principle-based approach for determining revenue recognition. Public entities are required to adopt the revenue recognition standard for reporting periods beginning after December 15, 2016, and interim and annual reporting periods thereafter. Early adoption is not permitted for public entities. The Company has reviewed the applicable ASU and has not, at the current time, quantified the effects of this pronouncement, however it believes that there will be no material effect on the financial statements. | |
In June 2014, FASB issued Accounting Standards Update (ASU) No. 2014-12 Compensation — Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. A performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation — Stock Compensation. As a result, the target is not reflected in the estimation of the award’s grant date fair value. Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved. The guidance is effective for annual periods beginning after 15 December 2015 and interim periods within those annual periods. Early adoption is permitted. Management has reviewed the ASU and believes that they currently account for these awards in a manner consistent with the new guidance, therefore there is no anticipation of any effect to the financial statements. | |
In August 2014, FASB issued Accounting Standards Update (ASU) No. 2014-15 Preparation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity’s liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entity’s liquidation becomes imminent, financial statements should be prepared under the liquidation basis of accounting in accordance with Subtopic 205-30, Presentation of Financial Statements—Liquidation Basis of Accounting. Even when an entity’s liquidation is not imminent, there may be conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern. In those situations, financial statements should continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine whether to disclose information about the relevant conditions and events. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company will evaluate the going concern considerations in this ASU, however, at the current period, management does not believe that it has met conditions which would subject these financial statements for additional disclosure. | |
We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration. |
INCOME_TAXES_Table
INCOME TAXES (Table) | 3 Months Ended | ||||
Aug. 31, 2014 | |||||
Income Tax Disclosure [Abstract] | ' | ||||
Federal income tax | ' | ||||
Federal income tax benefit attributed to: | |||||
Net operating loss | $ | (5,738 | ) | ||
Valuation allowance | $ | (5,738 | ) | ||
Net benefit | $ | — | |||
Cumulative tax effect at the expected rate | ' | ||||
The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows: | |||||
Deferred tax attributed: | |||||
Net operating loss carryover | $ | 11,511 | |||
Less change in valuation allowance | $ | (11,511 | ) | ||
Net deferred tax asset | $ | — |
NATURE_OF_OPERATIONS_Details_N
NATURE OF OPERATIONS (Details Narrative) (USD $) | 40 Months Ended |
Aug. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Net losses | $33,855 |
RELATED_PARTY_TRANSACTIONS_Det
RELATED PARTY TRANSACTIONS (Details Narrative) (USD $) | Aug. 31, 2014 |
Related Party Transactions [Abstract] | ' |
Advanced funds | $14,488 |
COMMON_SHARES_Detail_Narrative
COMMON SHARES (Detail Narrative) (USD $) | Aug. 31, 2014 | 31-May-14 |
Common stock, par value | $0.00 | ' |
Common stock, shares issued | 6,000,000 | 5,000,000 |
Common stock, shares outstanding | 6,000,000 | 5,000,000 |
Common Stock | ' | ' |
Common stock, par value | $0.00 | ' |
Common stock, shares authorized | 130,000,000 | ' |
Common stock, shares issued | 6,000,000 | ' |
Common stock, shares outstanding | 6,000,000 | ' |
INCOME_TAXES_Details
INCOME TAXES (Details) (USD $) | Aug. 31, 2014 |
Federal income tax benefit attributed to: | ' |
Net operating loss | ($5,738) |
Valuation allowance | -5,738 |
Net benefit | ' |
INCOME_TAXES_Details_1
INCOME TAXES (Details 1) (USD $) | Aug. 31, 2014 |
Deferred tax attributed | ' |
Net operating loss carryover | $11,511 |
Less change in valuation allowance | -11,511 |
Net deferred tax asset | ' |
INCOME_TAXES_Details_Narrative
INCOME TAXES (Details Narrative) (USD $) | 3 Months Ended |
Aug. 31, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Net operating loss | $33,855 |
Expected rate | 34.00% |