Avalanche International (AVLP) 10-Q 14 Apr 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Feb. 28, 2014
Document and Entity Information:	'
Entity Registrant Name	'AVALANCHE INTERNATIONAL, CORP.
Document Type	'10-Q
Document Period End Date	28-Feb-14
Amendment Flag	'false
Entity Central Index Key	'0001537169
Current Fiscal Year End Date	'--11-30
Entity Common Stock, Shares Outstanding	2,535,000
Entity Filer Category	'Smaller Reporting Company
Entity Current Reporting Status	'Yes
Entity Voluntary Filers	'No
Entity Well-known Seasoned Issuer	'No
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q1

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Feb. 28, 2014	Nov. 30, 2013
Current assets	'	'
Cash and cash equivalents	'	'
Prepaid expense	'	'
Total current assets	'	'
Total assets	'	'
Current liabilities	'	'
Accounts payable and accrued expenses	5,345	3,520
Loans from related party	16,858	14,107
Total current liabilities	22,203	17,627
Total liabilities	22,203	17,627
STOCKHOLDERS' EQUITY (DEFICIT)	'	'
Common stock value	2,535	2,535
Additional paid-in capital	20,865	20,865
Deficit accumulated during the development stage	45,603	41,027
Total stockholders' equity (deficit)	-22,203	-17,627
Total liabilities and stockholders' equity (deficit)	'	'

BALANCE_SHEETS_parenthetical

BALANCE SHEETS (parenthetical) (USD $)	Feb. 28, 2014	Nov. 30, 2013
Balance Sheets	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	2,535,000	2,535,000
Common stock, shares outstanding	2,535,000	2,535,000

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		35 Months Ended
	Feb. 28, 2014	Feb. 28, 2013	Feb. 28, 2014
Income Statement	'	'	'
Revenues	'	'	'
Operating Expenses	'	'	'
Consulting	'	'	2,855
Legal and accounting	3,818	5,011	27,080
Operation and administration	758	2,606	15,668
Total operating expense	4,576	7,617	45,603
Net (loss) from operations	-4,576	-7,617	-45,603
Loss before income tax	-4,576	-7,617	-45,603
Provision for income taxes	'	'	'
Net (loss)	($4,576)	($7,617)	($45,603)
Loss per common share - Basic and diluted	$0	$0	'
Weighted average common shares outstanding - Basic and diluted	2,535,000	2,535,000	'

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended		35 Months Ended
	Feb. 28, 2014	Feb. 28, 2013	Feb. 28, 2014
Cash Flows from Operating Activities	'	'	'
Net loss	($4,576)	($7,617)	($45,603)
Changes in operating assets and liabilities:	'	'	'
(Increase) decrease in prepaid expenses	'	2,000	'
Increase in accounts payable and accrued expense	1,826	2,972	5,345
Net cash used in operating activities	-2,750	-2,645	-40,258
Cash Flows from Investing Activities	'	'	'
Cash paid for rent deposit	'	'	'
Cash paid for investments	'	'	'
Net cash used in investing activities	'	'	'
Cash Flows from Financing Activities	'	'	'
Proceeds from related party note	2,750	2,645	21,258
Payments to related party note	'	'	4,400
Proceeds from issuance of common stock	'	'	23,400
Net cash provided by financing activities	2,750	2,645	40,258
Increase in cash and cash equivalents	'	'	'
Cash and cash equivalents, beginning of the period	'	'	'
Cash and cash equivalents, end of the period	'	'	'
Supplemental Disclosures	'	'	'
Cash paid for interest	'	'	'
Cash paid for income tax	'	'	'

Nature_and_Continuance_of_Oper

Nature and Continuance of Operations	3 Months Ended
	Feb. 28, 2014
Notes	'
Nature and Continuance of Operations	'
	1.  NATURE AND CONTINUANCE OF OPERATIONS
	Organization and business operations
	AVALANCHE INTERNATIONAL, CORP. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on April 14, 2011. The company plans to distribute crystallized glass tile in the North American markets to wholesale customers. The Company is in the development stage as defined under Accounting Codification Standard, Development Stage Entities (“ASC-915”). The Company has not generated any revenue to date and consequently its operations are subject to all risks inherent in the establishment of a new business enterprise. For the period from inception on April 14, 2011 through February 28, 2014 the Company has accumulated losses of $45,603.
	Going concern
	The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $45,603 as of February 28, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and or private placement of common stock.

Basis_of_Preparation

Basis of Preparation	3 Months Ended
	Feb. 28, 2014
Notes	'
Basis of Preparation	'
	2.  BASIS OF PREPARATION
	Generally accepted accounting principles
	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.
	Cash and Cash Equivalents
	The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.
	Use of Estimates
	The preparation of 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 assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In management’s opinion, all adjustments necessary for a fair statement of the results for the interim periods have been made, and all adjustments are of a normal recurring nature.

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Feb. 28, 2014
Notes	'
Significant Accounting Policies	'
	3.  SIGNIFICANT ACCOUNTING POLICIES
	a. Basis of presentation
	The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to exploration stage enterprises, and, unless otherwise stated, are expressed in U.S. dollars. The Company’s fiscal year end is November 30.
	b. Cash and cash equivalents
	Cash and cash equivalents include highly liquid investments with original maturities of three months or less. As of February 28, 2014, the company had no cash or cash equivalents.
	c. Fair Value of Financial instruments
	The Company adopted FASB ASC 820-10-50, “Fair Value Measurements. This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows:
	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
	Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement.
	The carrying amounts reported in the balance sheet for the cash and cash equivalents, and current liabilities each qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. As of February 28, 2014, the company had no assets or liabilities that would be considered level 1, 2 or 3.
	d. Income taxes
	The Financial Accounting Standards Board (FASB) has issued FASB ASC 740-10 (Prior authoritative literature: Financial Interpretation No. 48, "Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109 (FIN 48)). FASB ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements in accordance with prior literature FASB Statement No. 109, Accounting for Income Taxes. This standard requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. As a result of the implementation of this standard, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by FASB ASC 740-10.
	Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. As of February 28, 2014, the company had no current, deferred, present or future income tax liabilities.
	e. Basic and diluted net loss per share
	The Company computes net loss per share of common stock in accordance with ASC 260, Earnings per Share (“ASC 260”). Under the provisions of ASC 260, basic net income (loss) per share is computed using the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants and the conversion of convertible promissory notes.
	The Company’s calculation of basic and diluted loss per share is as follows:
		For the Three Months Ended
		28-Feb-14		28-Feb-13
	Basic Earnings per share:
	Income (Loss) (numerator)	$	-4,576	$	-7,617
	Shares (denominator)		2,535,000		2,535,000
	Per Share Amount	$	0	$	0
	Fully Diluted Earnings per share:
	Income (Loss) (numerator)	$	-4,576	$	-7,617
	Shares (denominator)		2,535,000		2,535,000
	Per Share Amount	$	0	$	0
	f. Risks and uncertainties
	The Company operates in the resource exploration industry that is subject to significant risks and uncertainties, including financial, operational, and other risks associated with operating a resource exploration business, including the potential risk of business failure.

New_Technical_Pronouncements

New Technical Pronouncements	3 Months Ended
	Feb. 28, 2014
Notes	'
New Technical Pronouncements	'
	4.  NEW TECHNICAL PRONOUNCEMENTS
	The Company has reviewed accounting pronouncements issued during the past two years and has assessed the adoption of any that are applicable to the Company. Management has determined that none had a material impact on the financial position, results of operations, or cash flows for the period ended February 28, 2014 and February 28, 2013.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Feb. 28, 2014
Notes	'
Related Party Transactions	'
	5.  RELATED PARTY TRANSACTIONS
	On April 14, 2011 a Director had loaned the Company $400.
	On May 27, 2011 a Director had loaned the Company $4,000.
	As of November 30, 2011 total loan amount was $4,400. The loan is non-interest bearing, due upon demand and unsecured.
	On October 15, 2012 the Director was repaid $4,400.
	As of February 28, 2014, the Director loaned the Company a total of $16,858. The loan is non-interest bearing, due upon demand and unsecured.

Common_Stock_and_Additional_Pa

Common Stock and Additional Paid-in-capital	3 Months Ended
	Feb. 28, 2014
Notes	'
Common Stock and Additional Paid-in-capital	'
	6.  COMMON STOCK AND ADDITIONAL PAID-IN-CAPITAL
	The authorized capital of the Company is 75,000,000 common shares with a par value of $0.001 per share.
	On May 27, 2011, the Company issued 2,000,000 shares of common stock at a price of $0.001 per share for total cash proceeds of $2,000.
	During the fiscal year ending November 30, 2012, the Company issued 535,000 shares at a price of $0.04 per shares for a total cash proceeds of $21,400.
	As of period ending February 28, 2014, no common stocks were issued.

Income_Taxes_Note

Income Taxes, Note	3 Months Ended
	Feb. 28, 2014
Notes	'
Income Taxes, Note	'
	7.  INCOME TAXES
	Income taxes are accounted for under the assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.
	As of February 28, 2014, the Company had net operating loss carry forwards of $45,603 that may be available to reduce future years’ taxable income through 2031.

Subsequent_Events

Subsequent Events	3 Months Ended
	Feb. 28, 2014
Notes	'
Subsequent Events	'
	10.  SUBSEQUENT EVENTS
	Avalanche International, Corp. has evaluated subsequent events for the period February 28, 2014 to April 2, 2014, the date the financial statements were issued, and concluded, there were no other events or transactions occurring during this period that required recognition or disclosure in its financial statements.

Basis_of_Preparation_Use_of_Es

Basis of Preparation: Use of Estimates (Policies)	3 Months Ended
	Feb. 28, 2014
Policies	'
Use of Estimates	'
	Use of Estimates
	The preparation of 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 assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In management’s opinion, all adjustments necessary for a fair statement of the results for the interim periods have been made, and all adjustments are of a normal recurring nature.

Significant_Accounting_Policie1

Significant Accounting Policies: Basis of Presentation, Policy (Policies)	3 Months Ended
	Feb. 28, 2014
Policies	'
Basis of Presentation, Policy	'
	a. Basis of presentation
	The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to exploration stage enterprises, and, unless otherwise stated, are expressed in U.S. dollars. The Company’s fiscal year end is November 30.

Significant_Accounting_Policie2

Significant Accounting Policies: Cash and Cash Equivalents, Policy (Policies)	3 Months Ended
	Feb. 28, 2014
Policies	'
Cash and Cash Equivalents, Policy	'
	b. Cash and cash equivalents
	Cash and cash equivalents include highly liquid investments with original maturities of three months or less. As of February 28, 2014, the company had no cash or cash equivalents.

Significant_Accounting_Policie3

Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	3 Months Ended
	Feb. 28, 2014
Policies	'
Fair Value of Financial Instruments	'
	c. Fair Value of Financial instruments
	The Company adopted FASB ASC 820-10-50, “Fair Value Measurements. This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows:
	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
	Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement.
	The carrying amounts reported in the balance sheet for the cash and cash equivalents, and current liabilities each qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. As of February 28, 2014, the company had no assets or liabilities that would be considered level 1, 2 or 3.

Significant_Accounting_Policie4

Significant Accounting Policies: Income Taxes, Policy (Policies)	3 Months Ended
	Feb. 28, 2014
Policies	'
Income Taxes, Policy	'
	d. Income taxes
	The Financial Accounting Standards Board (FASB) has issued FASB ASC 740-10 (Prior authoritative literature: Financial Interpretation No. 48, "Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109 (FIN 48)). FASB ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements in accordance with prior literature FASB Statement No. 109, Accounting for Income Taxes. This standard requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. As a result of the implementation of this standard, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by FASB ASC 740-10.
	Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. As of February 28, 2014, the company had no current, deferred, present or future income tax liabilities.

Significant_Accounting_Policie5

Significant Accounting Policies: Basic and Diluted Net Loss Per Share, Policy (Policies)	3 Months Ended
	Feb. 28, 2014
Policies	'
Basic and Diluted Net Loss Per Share, Policy	'
	e. Basic and diluted net loss per share
	The Company computes net loss per share of common stock in accordance with ASC 260, Earnings per Share (“ASC 260”). Under the provisions of ASC 260, basic net income (loss) per share is computed using the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants and the conversion of convertible promissory notes.
	The Company’s calculation of basic and diluted loss per share is as follows:
		For the Three Months Ended
		28-Feb-14		28-Feb-13
	Basic Earnings per share:
	Income (Loss) (numerator)	$	-4,576	$	-7,617
	Shares (denominator)		2,535,000		2,535,000
	Per Share Amount	$	0	$	0
	Fully Diluted Earnings per share:
	Income (Loss) (numerator)	$	-4,576	$	-7,617
	Shares (denominator)		2,535,000		2,535,000
	Per Share Amount	$	0	$	0

Significant_Accounting_Policie6

Significant Accounting Policies: Risks and Uncertainties (Policies)	3 Months Ended
	Feb. 28, 2014
Policies	'
Risks and Uncertainties	'
	f. Risks and uncertainties
	The Company operates in the resource exploration industry that is subject to significant risks and uncertainties, including financial, operational, and other risks associated with operating a resource exploration business, including the potential risk of business failure.

Significant_Accounting_Policie7

Significant Accounting Policies: Basic and Diluted Net Loss Per Share, Policy: Schedule of Earnings Per Share, Basic and Diluted (Tables)	3 Months Ended
	Feb. 28, 2014
Tables/Schedules	'
Schedule of Earnings Per Share, Basic and Diluted	'
		For the Three Months Ended
		28-Feb-14		28-Feb-13
	Basic Earnings per share:
	Income (Loss) (numerator)	$	-4,576	$	-7,617
	Shares (denominator)		2,535,000		2,535,000
	Per Share Amount	$	0	$	0
	Fully Diluted Earnings per share:
	Income (Loss) (numerator)	$	-4,576	$	-7,617
	Shares (denominator)		2,535,000		2,535,000
	Per Share Amount	$	0	$	0

Nature_and_Continuance_of_Oper1

Nature and Continuance of Operations (Details) (USD $)	Feb. 28, 2014	Nov. 30, 2013
Details	'	'
Accumulated deficit	$45,603	$41,027

Significant_Accounting_Policie8

Significant Accounting Policies: Basic and Diluted Net Loss Per Share, Policy: Schedule of Earnings Per Share, Basic and Diluted (Details) (USD $)	3 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
Details	'	'
Income (loss), basic	($4,576)	($7,617)
Shares outstanding, basic	2,535,000	2,535,000
Earnings per share, basic	$0	$0
Income (loss), diluted	($4,576)	($7,617)
Shares outstanding, diluted	2,535,000	2,535,000
Earnings per share, diluted	$0	$0

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	35 Months Ended	12 Months Ended
	Feb. 28, 2014	Nov. 30, 2012	Feb. 28, 2014	Nov. 30, 2011	27-May-11	Apr. 15, 2011
		Director	Director	Director	Director	Director
Loan received	'	'	'	'	$4,000	$400
Total loan amounts	'	'	16,858	4,400	'	'
Repayment of loans	$4,400	$4,400	'	'	'	'

Common_Stock_and_Additional_Pa1

Common Stock and Additional Paid-in-capital (Details) (USD $)	8 Months Ended	12 Months Ended
	Nov. 30, 2011	Nov. 30, 2012	Feb. 28, 2014	Nov. 30, 2013
Details	'	'	'	'
Authorized common shares	'	'	75,000,000	75,000,000
Par value of common shares	'	'	$0.00	$0.00
Shares of common stock issued for cash	2,000,000	535,000	'	'
Price per share	$0.00	$0.04	'	'
Cash proceeds from share issuance	$2,000	$21,400	'	'

Income_Taxes_Note_Details

Income Taxes, Note (Details) (USD $)	Feb. 28, 2014
Details	'
Net operating loss carry forwards	$45,603