Black Stallion Oil & Gas (BLKG) 10-Q 19 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 12, 2015
Document And Entity Information
Entity Registrant Name	Black Stallion Oil & Gas Inc.
Entity Central Index Key	1,542,335
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
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		43,872,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 239	$ 24,110
Prepaid expenses	2,458	2,458
Total current assets	2,697	26,568
Intangible assets, net	4,634	5,792
TOTAL ASSETS	7,331	32,360
Current liabilities:
Accounts payable and accrued liabilities	17,508	9,850
Loan from related party	3,063	1,079
Total Liabilities	20,571	10,929
Stockholders' Deficit
Common stock, $0.0001 par value; 6,000,000,000 shares authorized; 43,872,000 shares issued and outstanding at June 30, 2015 and December 31, 2014	4,387	4,387
Additional paid-in capital	67,292	67,292
Common stock subscribed	150,000	150,000
Accumulated deficit	(234,919)	(200,248)
Total Stockholders' Deficit	(13,240)	21,431
TOTAL LIABILTIES AND STOCKHOLDERS' DEFICIT	$ 7,331	$ 32,360

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Stockholders' Equity
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	6,000,000,000	6,000,000,000
Common stock, issued	43,872,000	43,872,000
Common stock, outstanding	43,872,000	43,872,000

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($) None in scaling factor is -9223372036854775296	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statements Of Operations
Revenue
General and administrative:
Amortisation	$ 579		$ 1,158
Consulting			10,000
Filing fees	$ 1,409	$ 822	$ 1,746	$ 2,690
Franchise tax				400
Other costs	$ 858	$ 1,548	$ 892	3,554
Professional fees
Accounting	500	500	1,000	1,000
Auditor's fees	2,000	2,000	8,000	8,000
Legal fees	2,060	1,473	3,822	4,561
Rental expense	$ 3,213	$ 3,687	$ 8,052	7,374
Research and development				3,129
Total operating expenses	$ (10,619)	$ (10,030)	$ (34,671)	(30,708)
Net loss	$ (10,619)	$ (10,030)	$ (34,671)	$ (30,708)
Net loss per common share - basic and diluted:
Net loss per share attributable to common stockholders
Weighted-average number of common shares outstanding	43,872,000	43,782,000	43,872,000	43,782,000

STATEMENT OF STOCKHOLDERS' EQUI

STATEMENT OF STOCKHOLDERS' EQUITY (unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Common Stock Subscribed [Member]	Accumulated Deficit	Total
Beginning Balance, Shares at Dec. 31, 2013	43,872,000
Beginning Balance, Amount at Dec. 31, 2013	$ 4,387	$ 67,292		$ (108,011)	$ (36,332)
Proceeds from stock subscription - private placement			$ 150,000		150,000
Loss for the year				$ (92,237)	(92,237)
Ending Balance, Shares at Dec. 31, 2014	43,872,000
Ending Balance, Amount at Dec. 31, 2014	$ 4,387	$ 67,292	$ 150,000	(200,248)	21,431
Loss for the year				(34,671)	(34,671)
Ending Balance, Shares at Jun. 30, 2015	43,872,000
Ending Balance, Amount at Jun. 30, 2015	$ 4,387	$ 67,292	$ 150,000	$ (234,919)	$ (13,240)

STATEMENT OF CASH FLOWS (Unaudi

STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Cash Flows from Operating Activities
Net loss	$ (10,619)	$ (10,030)	$ (34,671)	$ (30,708)	$ (92,237)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Amortization expense	579		1,158
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities			7,658	$ 8,618
Net cash used in operating activities			$ (25,855)	$ (22,090)
CASH FLOW FROM INVESTING ACTIVITIES
CASH FLOW FROM FINANCING ACTIVITIES
(Payments)/proceeds (to)/from loans with related parties			$ 1,984	$ 22,090
Net cash (used)/provided by financing activities			1,984	$ 22,090
Decrease in cash and cash equivalents			(23,871)
Cash and cash equivalents at the beginning of the period			24,110
Cash and cash equivalents at the end of the period	$ 239		$ 239		$ 24,110

NATURE OF BUSINESS AND BASIS OF

NATURE OF BUSINESS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2015
Nature Of Business And Basis Of Presentation
NOTE 1 - NATURE OF BUSINESS AND BASIS OF PRESENTATION	Black Stallion Oil and Gas, Inc (the "Company") is a Delaware corporation. The Company's business plan involves exploration and development of oil and gas properties. On September 10, 2013, the Company changed its name to Black Stallion Oil & Gas, Inc (formerly Secure IT Corp) and changed its business plan to that of exploration and development of oil and gas properties. Basis of Presentation 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"). These financial statements are presented in US dollars. Fiscal Year End The Corporation has adopted a fiscal year end of December 31. Unaudited Interim Financial Statements The interim financial statements of the Company as of June 30, 2015, and for the periods then ended are unaudited. However, in the opinion of management, the interim financial statements include all adjustments, consisting of only normal recurring adjustments, necessary to present fairly the Company's financial position as of June 30, 2015, and the results of its operations and its cash flows for the periods ended June 30, 2015. These results are not necessarily indicative of the results expected for the calendar year ending December 31, 2015. The accompanying financial statements and notes thereto do not reflect all disclosures required under accounting principles generally accepted in the United States. Refer to the Company's audited financial statements as of December 31, 2014, filed with the SEC, for additional information, including significant accounting policies.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	The principal accounting policies are set out below, these policies have been consistently applied to the period presented, unless otherwise stated: 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 and reported amounts of revenues and expenses. These estimates and assumptions are based on management's best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Illiquid credit markets, volatile equity, foreign currency, and energy markets have combined to increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. Actual results could differ from those estimates. Going concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As at June 30, 2015, the Company has a loss of $34,671 and accumulated losses from operations of $234,919 and has earned no revenues since inception. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending December 31, 2015. In response to these problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. Cash and cash 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. Property, plant and equipment The Company does not own any property, plant and equipment. Website Development Under Accounting Standards Codification ("ASC") 350-50 – Intangibles – Goodwill and Other – Website Development Costs, costs and expenses incurred during the planning and operating stages of the Company's website development are expensed as incurred. The Company accounts for the development of its website by expensing all costs associated with the planning of the website as incurred and capitalizing the costs to develop the website. Once the website is available for use, the asset will be amortized over its useful life on a straight line basis, estimated to be 3 years, and tested for impairment annually. Oil and Gas Properties and Impairment The Company follows the full-cost method of accounting for oil and gas properties. Accordingly, all costs associated with acquisition, exploration and development of oil and gas reserves, including directly related overhead costs, are capitalized. All capitalized costs of oil and gas properties, including the estimated future costs to develop proved reserves, are amortized on the unit-of-production method using estimates of proved reserves. Investments in unproved properties and major development projects are not amortized until proved reserves associated with the projects can be determined or until impairment occurs. If the results of an assessment indicate that the properties are impaired, the amount of the impairment is included in loss from continuing operations before income taxes and the adjusted carrying amount of the unproved properties is amortized on the unit-of-production method. Impairment of Long Lived Assets The Company reviews and evaluates long-term assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amount might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using the rules of ASC 360-35 Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Term Assets. Accounts Payable and Accrued Expenses Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services. Income Taxes Income taxes are accounted for in accordance with ASC Topic 740, "Income Taxes." Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. Earnings per Share The Company computes net loss per share in accordance with ASC 260, "Earnings Per Share" ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic net loss per share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding. Diluted net loss per share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding plus the number of common shares that would be issued assuming exercise or conversion of all potentially dilutive common shares. Potentially dilutive securities are excluded from the calculation when their effect would be anti-dilutive. For all years presented in the financial statements, all potentially dilutive securities have been excluded from the diluted share calculations as they were anti-dilutive as a result of the net losses incurred for the respective years. Accordingly, basic shares equal diluted shares for all years presented. June 30 June 30 2015 2014 Potentially dilutive securities were comprised of the following: Warrants 300,000 - Fair Value of Financial Instruments The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value: Level 1: Quoted prices in active markets for identical instruments; Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments); Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments). Recent Accounting Standards Updates In August 2014, FASB issued 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." ASU 2014-15 is intended to define management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. Specifically, ASU 2014-15 provides a definition of the term substantial doubt and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). It also requires certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans and requires an express statement and other disclosures when substantial doubt is not alleviated. The new standard will be effective for reporting periods beginning after December 15, 2016, with early adoption 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. In June 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-10—Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. ASU 2014-10 eliminates several of the reporting requirements for development stage entities, including the requirement to present inception to date information in the statements of income, cash flows, and shareholder equity, and to label the financial statements as those of a development stage entity. ASU 2014-10 also clarifies that the guidance in Accounting Standards Codification ("ASC") Topic 275, "Risks and Uncertainties", is applicable to entities that have not commenced principal operations, and eliminates an exception to the sufficiency-of-equity risk criterion for development stage entities, and will require all reporting entities that have an interest in development stage enterprises to apply consistent consolidation guidance for variable interest entities. ASU 2014-10 is effective for all annual reporting periods beginning after December 15, 2014 and for interim reporting periods beginning after December 15, 2015, with early adoption permitted. Recently Adopted Accounting Pronouncements During 2014, the Company elected to early adopt Accounting Standards Update ("ASU") No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information and all references to development stage. We do not believe that the adoption of any other recently issued accounting pronouncements in 2014 will have a significant impact on our financial position, results of operations, or cash flow.

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET	6 Months Ended
	Jun. 30, 2015
Intangible Assets Net
NOTE 3 - INTANGIBLE ASSETS, NET	Gross Carrying Accumulated Net Carrying Useful Life Amount Amortization Amount Finite lived intangible assets $ $ $ Intellectual property - website 3 years 6,950 (2,316 ) 4,634 Total identifiable intangible assets 6,950 (2,316 ) 4,634 Intangible assets consist of capitalised website development costs. Development costs of $6,950 relating to website creation, development and launch have been capitalised. The website entered its operating stage during July 2014. Amortisation expenses of $1,158 have been expensed during the six month period ended June 30, 2015. The following table reflects the estimated future amortization expense for the Company's finite-lived intangible assets as of June 30, 2015: Estimated Amortization Expense $ Remaining six months of 2015 1,158 2016 2,317 2017 1,159 Total 4,634

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	6 Months Ended
	Jun. 30, 2015
Stockholders Deficit
NOTE 4 - STOCKHOLDERS' DEFICIT	Common Stock On September 30, 2011, the Company issued 132,000,000 shares of common stock to the directors of the Company at a price of $0.00017 per share, for $22,000. On September 10, 2012, the Company issued 19,872,000 free trading shares of common stock at $0.0025 per share to a total of 46 stockholders for consideration of $49,680. On September 9, 2013, the Director then approved a sixty new, for one old share in a forward split of the Company's outstanding shares of common stock. All share and per share data in the accompanying financial statements and footnotes has been adjusted retrospectively for the effects of the stock split. On September 9, 2013, the Company entered into a share cancellation/return to treasury agreement with Mr. George Drazenovic, the Company's president; wherein Mr. Drazenovic agreed to the cancellation and return to treasury of 108,000,000 shares of common stock of our company for $1. On September 27, 2014, the Company initiated a private placement for the sale of 300,000 units at $0.5 per unit. Each unit comprised of 1 share of common stock and 1 non-transferrable share purchase warrant. Each warrant is exercisable for a period of 2.27 years at an exercise price of $1 per share. A total of 300,000 units were sold for proceeds of $150,000, cash. The fair market value of the common stock warrant was determined using the Black-Scholes valuation model and resulted in a valuation of $nil. As such, the $0.5 unit price was allocated $0.5 and $0 to the common stock and warrant, respectively. Warrants A summary of warrant activity for the period ended June 30, 2015 is presented as follows: Number of Warrants Warrants outstanding at January 1, 2015 300,000 Issued - Warrants outstanding at June 30, 2015 300,000

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2015
Income Taxes
NOTE 5 - 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 $234,920 as of June 30, 2015, that will be offset against future taxable income. The available net operating loss carry forwards will expire in various years through 2034. 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 components of these differences are as follows: June 30 June 30 2015 2014 $ $ Net tax loss carry-forwards (34,671 ) (30,708 ) Statutory rate 15 % 15 % Expected tax recovery -5,201 -4,606 Change in valuation allowance 5,201 4,606 Income tax provision - - June 30 December 31 2015 2014 $ $ Components of deferred tax assets: Non capital tax loss carry forwards 35,238 30,037 Less: (35,238 ) (30,037 )

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2015
Related Party Transactions
NOTE 6 - RELATED PARTY TRANSACTIONS	Parties are considered to be related if one party has the ability to control or exercise significant influence over the other party in making financial and operating decisions. A related party transaction is considered to be a transfer of resources or obligations between related parties, regardless of whether or not a price is charged. The following entities have been identified as related parties : George Drazenovic - Director and greater than 10% stockholder June 30 December 31 2015 2014 The following transactions were carried out with related parties: $ $ Balance sheet: Loan (to)/ from related party - Director 3,063 1,079 From time to time, the president and a stockholder of the Company provides advances to the Company for working capital purposes. These advances bear no interest and are due on demand. The Company does not have employment contracts with its key employee, the controlling shareholder, officer and director of the Company.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2015
Subsequent Events
NOTE 7 - SUBSEQUENT EVENTS	In accordance with ASC 855-10, Company management reviewed all material events through the date of this report and determined that there are no additional material subsequent events to report.

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies Policies
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 and reported amounts of revenues and expenses. These estimates and assumptions are based on management's best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Illiquid credit markets, volatile equity, foreign currency, and energy markets have combined to increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. Actual results could differ from those estimates.
Going concern	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As at June 30, 2015, the Company has a loss of $34,671 and accumulated losses from operations of $234,919 and has earned no revenues since inception. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending December 31, 2015. In response to these problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Cash and cash 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.
Property, Plant and Equipment	The Company does not own any property, plant and equipment.
Website Development	Under Accounting Standards Codification ("ASC") 350-50 – Intangibles – Goodwill and Other – Website Development Costs, costs and expenses incurred during the planning and operating stages of the Company's website development are expensed as incurred. The Company accounts for the development of its website by expensing all costs associated with the planning of the website as incurred and capitalizing the costs to develop the website. Once the website is available for use, the asset will be amortized over its useful life on a straight line basis, estimated to be 3 years, and tested for impairment annually.
Oil and Gas Properties and Impairment	The Company follows the full-cost method of accounting for oil and gas properties. Accordingly, all costs associated with acquisition, exploration and development of oil and gas reserves, including directly related overhead costs, are capitalized. All capitalized costs of oil and gas properties, including the estimated future costs to develop proved reserves, are amortized on the unit-of-production method using estimates of proved reserves. Investments in unproved properties and major development projects are not amortized until proved reserves associated with the projects can be determined or until impairment occurs. If the results of an assessment indicate that the properties are impaired, the amount of the impairment is included in loss from continuing operations before income taxes and the adjusted carrying amount of the unproved properties is amortized on the unit-of-production method.
Impairment of Long Lived Assets	The Company reviews and evaluates long-term assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amount might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using the rules of ASC 360-35 Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Term Assets.
Accounts payable and accrued expenses	Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services.
Income taxes	Income taxes are accounted for in accordance with ASC Topic 740, "Income Taxes." Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Earnings per share	The Company computes net loss per share in accordance with ASC 260, "Earnings Per Share" ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic net loss per share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding. Diluted net loss per share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding plus the number of common shares that would be issued assuming exercise or conversion of all potentially dilutive common shares. Potentially dilutive securities are excluded from the calculation when their effect would be anti-dilutive. For all years presented in the financial statements, all potentially dilutive securities have been excluded from the diluted share calculations as they were anti-dilutive as a result of the net losses incurred for the respective years. Accordingly, basic shares equal diluted shares for all years presented. June 30 June 30 2015 2014 Potentially dilutive securities were comprised of the following: Warrants 300,000 -
Fair Value of Financial Instruments	The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value: Level 1: Quoted prices in active markets for identical instruments; Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments); Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments).
Recent Accounting Standards Updates	In August 2014, FASB issued 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." ASU 2014-15 is intended to define management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. Specifically, ASU 2014-15 provides a definition of the term substantial doubt and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). It also requires certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans and requires an express statement and other disclosures when substantial doubt is not alleviated. The new standard will be effective for reporting periods beginning after December 15, 2016, with early adoption 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. In June 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-10—Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. ASU 2014-10 eliminates several of the reporting requirements for development stage entities, including the requirement to present inception to date information in the statements of income, cash flows, and shareholder equity, and to label the financial statements as those of a development stage entity. ASU 2014-10 also clarifies that the guidance in Accounting Standards Codification ("ASC") Topic 275, "Risks and Uncertainties", is applicable to entities that have not commenced principal operations, and eliminates an exception to the sufficiency-of-equity risk criterion for development stage entities, and will require all reporting entities that have an interest in development stage enterprises to apply consistent consolidation guidance for variable interest entities. ASU 2014-10 is effective for all annual reporting periods beginning after December 15, 2014 and for interim reporting periods beginning after December 15, 2015, with early adoption permitted.
Recently Adopted Accounting Pronouncements	During 2014, the Company elected to early adopt Accounting Standards Update ("ASU") No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information and all references to development stage. We do not believe that the adoption of any other recently issued accounting pronouncements in 2014 will have a significant impact on our financial position, results of operations, or cash flow.

SUMMARY OF SIGNIFICANT ACCOUN15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies
Potentially dilutive securities	June 30 June 30 2015 2014 Potentially dilutive securities were comprised of the following: Warrants 300,000 -

INTANGIBLE ASSETS, NET (Tables)

INTANGIBLE ASSETS, NET (Tables)	6 Months Ended
	Jun. 30, 2015
Intangible Assets Net Tables
Intangible assets	Gross Carrying Accumulated Net Carrying Useful Life Amount Amortization Amount Finite lived intangible assets $ $ $ Intellectual property - website 3 years 6,950 (2,316 ) 4,634 Total identifiable intangible assets 6,950 (2,316 ) 4,634
Future amortization expense	The following table reflects the estimated future amortization expense for the Company's finite-lived intangible assets as of June 30, 2015: Estimated Amortization Expense $ Remaining six months of 2015 1,158 2016 2,317 2017 1,159 Total 4,634

STOCKHOLDERS' DEFICIT (Tables)

STOCKHOLDERS' DEFICIT (Tables)	6 Months Ended
	Jun. 30, 2015
Stockholders Deficit
Summary of warrant activity	A summary of warrant activity for the period ended June 30, 2015 is presented as follows: Number of Warrants Warrants outstanding at January 1, 2015 300,000 Issued - Warrants outstanding at June 30, 2015 300,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2015
Income Taxes Tables
Provision (benefit) for income taxes	The components of these differences are as follows: June 30 June 30 2015 2014 $ $ Net tax loss carry-forwards (34,671 ) (30,708 ) Statutory rate 15 % 15 % Expected tax recovery -5,201 -4,606 Change in valuation allowance 5,201 4,606 Income tax provision - -
Company had deferred income tax assets	June 30 December 31 2015 2014 $ $ Components of deferred tax assets: Non capital tax loss carry forwards 35,238 30,037 Less: (35,238 ) (30,037 )

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2015
Related Party Transactions Tables
Schedule of transactions between the Company and related parties	The following entities have been identified as related parties : June 30 December 31 2015 2014 The following transactions were carried out with related parties: $ $ Balance sheet: Loan (to)/ from related party - Director 3,063 1,079

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - shares	Jun. 30, 2015	Dec. 31, 2014
Potentially dilutive securities were comprised of the following:
Warrants	300,000	300,000

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Summary Of Significant Accounting Policies Details Narrative
Net loss	$ (10,619)	$ (10,030)	$ (34,671)	$ (30,708)	$ (92,237)
Accumulated deficit	$ (234,919)		$ (234,919)		$ (200,248)

INTANGIBLE ASSETS, NET (Details

INTANGIBLE ASSETS, NET (Details) - Jun. 30, 2015 - USD ($)	Total
Gross Carrying Amount	$ 6,950
Accumulated Amortization	(2,316)
Net Carrying Amount	$ 4,634
Intellectual Property website [Member]
Weighted Average Useful Life	3 years
Gross Carrying Amount	$ 6,950
Accumulated Amortization	(2,316)
Net Carrying Amount	$ 4,634

INTANGIBLE ASSETS, NET (Detai23

INTANGIBLE ASSETS, NET (Details 1)	Jun. 30, 2015USD ($)
Intangible Assets Net
Remaining nine months of 2015	$ 1,158
2,016	2,317
2,017	1,159
Total	$ 4,634

INTANGIBLE ASSETS, NET (Detai24

INTANGIBLE ASSETS, NET (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Intangible Assets Net Details Narrative
Amortisation expenses	$ 579		$ 1,158

STOCKHOLDERS' DEFICIT (Details)

STOCKHOLDERS' DEFICIT (Details)	6 Months Ended
	Jun. 30, 2015shares
Warrants Outstanding
Beginning Balance	300,000
Issued
Ending Balance	300,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Taxes Details
Net tax loss carry-forwards	$ (34,671)	$ (30,708)
Statutory rate	15.00%	15.00%
Expected tax recovery	$ (5,201)	$ (4,606)
Change in valuation allowance	$ 5,201	$ 4,606
Income tax provision

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Components of deferred tax assets:
Non capital tax loss carry forwards	$ 35,238	$ 30,037
Less - valuation allowance	$ (35,238)	$ (30,037)

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - Jun. 30, 2015 - USD ($)	Total
Income Taxes Details Narrative
Tax loss carry forwards	$ 234,920
Expiry Year	2,034

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Balance sheets:
Loan (to)/ from related party	$ 3,063	$ 1,079