Grey Fox (GFPC) 10-K 27 Jun 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Mar. 31, 2014	Jun. 27, 2014	Sep. 30, 2013
Document And Entity Information	'	'	'
Entity Registrant Name	'Gray Fox Petroleum Corp.	'	'
Entity Central Index Key	'0001546589	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Mar-14	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--03-31	'	'
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 Public Float	'	'	$17,401,200
Entity Common Stock, Shares Outstanding	'	37,036,000	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2014	'	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Mar. 31, 2013
Current assets:	'	'
Cash	$7,419	$447
Prepaid expenses	0	4,427
Total current assets	7,419	4,874
Oil and gas properties - unproved (full cost method)	0	0
Total non-current assets	0	0
Total assets	7,419	4,874
Current liabilities:	'	'
Accounts payable and accrued expenses	109,004	472
Accrued expenses, related party	607	0
Notes payable, related party	0	8,124
Total current liabilities	109,611	8,596
Stockholders' equity (deficit):	'	'
Common stock, par value $0.001, authorized 75 million, 35,940,000 and 72,160,000 issued and outstanding at March 31, 2014 and 2013, respectively.	35,940	72,160
Additional paid in capital	882,937	-44,646
Common stock payable	364,386	0
Deficit accumulated during the exploration phase	-1,385,455	-31,236
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	-102,192	-3,722
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$7,419	$4,874

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Statement of Financial Position [Abstract]	'	'
Common stock par value	$0.00	$0.00
Common stock shares authorized	75,000,000	75,000,000
Common stock shares issued	35,940,000	72,160,000
Common stock shares outstanding	35,940,000	72,160,000

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended		30 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Income Statement [Abstract]	'	'	'
Revenue	$0	$0	$0
Operating expenses:	'	'	'
General and administrative	101,985	19,726	121,935
Officer salaries	464,386	0	464,386
Professional fees	183,493	10,972	194,465
Asset impairments	602,919	0	602,919
Net operating loss	-1,352,783	-30,698	-1,383,705
Other expense:	'	'	'
Interest expense, related party	-1,436	-314	-1,750
NET LOSS	($1,354,219)	($31,012)	($1,385,455)
Net loss per share - basic and fully diluted	($0.03)	$0	'
Weighted average number of common shares outstanding - basic and fully diluted	42,606,219	63,548,932	'

Consoldated_Statement_of_Stock

Consoldated Statement of Stockholders' Equity (Deficit) (USD $)	Common Stock	Additional Paid-In Capital	CommonStockPayable	Exploration Stage Defict	Total
Beginning balance, value at Sep. 21, 2011	'	'	'	'	'
Common stock sold to founders, shares	56,000,000	'	'	'	'
Common stock sold to founders, value	$56,000	($49,000)	'	'	$7,000
Net loss	'	'	'	-224	'
Ending balance, value at Mar. 31, 2012	56,000	-49,000	'	-224	6,776
Ending balance, shares at Mar. 31, 2012	56,000,000	'	'	'	'
Common stock sold for cash, shares	16,160,000	'	'	'	'
Common stock sold for cash, value	16,160	4,040	'	'	20,200
Imputed interest on non-interest bearing related party debts	'	314	'	'	314
Net loss	'	'	'	-31,012	-31,012
Ending balance, value at Mar. 31, 2013	72,160	-44,646	'	-31,236	-3,722
Ending balance, shares at Mar. 31, 2013	72,160,000	'	'	'	'
Related-party forgiveness of debt	'	8,363	'	'	8,363
Cancellation of shares, related party, shares	-37,600,000	'	'	'	'
Cancellation of shares, related party, value	-37,600	37,600	'	'	'
Common stock sold for cash, shares	1,230,000	'	'	'	'
Common stock sold for cash, value	1,230	728,770	'	'	730,000
Common stock issued for property acquisitions, shares	150,000	'	'	'	'
Common stock issued for property acquisitions, value	150	152,850	'	'	153,000
Officer stock-based compensation	'	'	364,386	'	364,386
Imputed interest on non-interest bearing related party debts	'	'	'	'	'
Net loss	'	'	'	-1,354,219	-1,354,219
Ending balance, value at Mar. 31, 2014	$35,940	$882,937	$364,386	($1,385,455)	($102,192)
Ending balance, shares at Mar. 31, 2014	35,940,000	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended		30 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES	'	'	'
Net loss	($1,354,219)	($31,012)	($1,385,455)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Impairment of oil and gas property	602,919	0	602,919
Imputed interest on non-interest bearing related party debts	0	314	314
Stock-based compensation	364,386	0	364,386
Prepaid expenses	4,427	-4,427	0
Accounts payable and accrued liabilities	108,533	472	109,005
Accounts payable, related party	607	0	607
Net cash used in operating activities	-273,347	-34,653	-308,224
CASH FLOWS FROM INVESTING ACTIVITIES	'	'	'
Acquisition of oil and gas property	-250,370	0	-250,370
Lease and survey costs	-199,549	0	-199,549
Net cash used in investing activities	-449,919	0	-449,919
CASH FLOWS FROM FINANCING ACTIVITIES	'	'	'
Proceeds from related party note payable	34,435	7,700	42,559
Principal payments on related-party note payable	-34,197	0	-34,197
Proceeds from the sale of common stock	730,000	20,200	757,200
Net cash provided by financing activities	730,238	27,900	765,562
Net increase/(decrease) in cash	6,972	-6,753	7,419
Cash at beginning of period	447	'	'
Cash at end of period	7,419	447	7,419
SUPPLEMENTAL INFORMATION:	'	'	'
Cash paid for interest	1,817	0	1,817
Cash paid for income taxes	0	0	0
ADDITIONAL DISCLOSURES OF NON-CASH FINANCING TRANSACTIONS	'	'	'
Forgiveness of debt, related party	8,363	0	8,363
Shares issued for property acquisition	153,000	0	153,000
Par value of cancelled shares, related party	$37,600	$0	$0

1_Nature_of_Business_and_Signi

1. Nature of Business and Significant Accounting Policies	12 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
1. Nature of Business and Significant Accounting Policies	'
	Nature of Business
	Gray Fox Petroleum Corp. (formerly Viatech Corp.) (“Gray Fox” or the “Company”) was incorporated in the State of Nevada on September 22, 2011. The Company was formed to provide interior design and architectural visualization, 3D rendering and architectural animation services. On May 31, 2013, the then majority stockholder, Viatcheslav Gelshteyn, entered into a stock purchase agreement with Lawrence Pemble pursuant to which Mr. Gelshteyn sold 7,000,000 shares of common stock, $0.001 par value per share, of the Company to Mr. Pemble and forgave $8,363 in stockholder loans he had made to the Company in consideration of $50,000 in cash from Mr. Pemble. This transaction is referred to as the “Change in Control.” As a result of the Change in Control, Mr. Gelshteyn no longer owns any shares of common stock. In addition, Mr. Gelshteyn resigned from his positions as the sole director and officer of the Company, and Mr. Pemble was appointed as the Company’s sole director and as its Chief Executive Officer, President, Treasurer and Secretary. On June 5, 2013, the board of directors approved the dismissal of Ronald R. Chadwick, P.C. as its independent auditor and appointed M&K CPAS, LLC as its new independent auditor.
	On June 10, 2013, the Company entered into an Agreement for Redemption of Shares of Common Stock, pursuant to which the Company redeemed 4,700,000 shares of common stock held by Mr. Pemble. As a result of this redemption, Mr. Pemble’s shareholdings decreased from 7,000,000 shares to 2,300,000 shares, which represented approximately 53% of the total shares then issued and outstanding.
	On June 18, 2013, the Company received approval from the Financial Industry Regulatory Authority (“FINRA”) to change its name from “Viatech Corp.” to “Gray Fox Petroleum Corp.” and to conduct an 8:1 forward stock split of the issued and outstanding shares of common stock whereby each outstanding share of common stock would be exchanged for eight new shares of common stock. On June 20, 2013, the Company effected the stock split, which increased the number of issued and outstanding shares of common stock from 4,320,000 shares to 34,560,000 shares. In connection with the Change in Control and the name change, on July 19, 2013, the Company’s ticker symbol on the OTCBB was changed from VTCH to GFOX.
	The Company’s administrative offices are located at 3333 Lee Parkway, Suite 600, Dallas, Texas 75219. The Company has one full-time employee, Lawrence Pemble, who serves as its sole officer and director.
	Gray Fox is a domestic oil and gas exploration and development company focused on the acquisition and exploration of oil and natural gas properties in the Western United States. The Company implements this business focus by pursuing interests in oil and natural gas properties through strategic lease acquisition activities.
	On December 2, 2013, the Company completed the acquisition of 22 separate oil and gas leases (the “Leases”) issued by the Bureau of Land Management (the “BLM”) from FFMJ, LLC, a Nevada limited liability company (“FFMJ”), for an aggregate purchase price of $250,000. The leased land, known as the “West Ranch Prospect,” comprises 32,723 acres in the Butte Valley Oil Play Region in North Central Nevada. We have a 100% working interest and an 82% net revenue interest in the Leases. If the property is viable and can be developed, we will receive 82% of the net revenues generated from the property. As the leaseholder, we are responsible for evaluating, exploring, paying for and maintaining the Leases. In connection with our acquisition of the Leases, we have agreed to drill a test well with a surface and bottom hole location on the Leases for the purpose of hydrocarbon exploration and production. The test well must achieve a depth of 6,000 feet. If we fail to commence drilling with a rig capable of total depth on or before July 5, 2015, the Leases will be reassigned to FFMJ.
	As a result of the acquisition of the Leases, the Company is no longer a “shell company,” as defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended. This change in “shell company” status was previously reported in the Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on December 6, 2013, as amended by a Form 8-K/A filed on December 13, 2013.
	Our plan of operations for the next 12 months is to conduct geological mapping, gravity surveying and 2D seismic coverage on the West Ranch Prospect in order to determine the best location to drill the initial test well. To that end, we have developed an initial exploration plan to identify drilling targets. This initial exploration plan is designed to identify new drilling locations targeting certain geological formations that the Company believes may be capable of producing oil or natural gas in commercial quantities.
	Basis of Presentation
	The financial statements included herein, presented in accordance with United States generally accepted accounting principles and is stated in U.S. currency have been prepared by the Company pursuant to the rules and regulations of the SEC.
	The Company has adopted a fiscal year end of March 31.
	These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for fair presentation of the information contained therein.
	Exploration Stage Company
	The Company is currently considered an exploration stage company as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915-10-05. As an exploration stage enterprise, the Company discloses the deficit accumulated during the exploration stage and the cumulative statements of operations and cash flows from inception (September 22, 2011) to the current balance sheet date. An entity remains in the exploration stage until such time as, among other factors, revenues have been realized.
	Reclassifications
	Certain prior period amounts have been reclassified to conform to the current period presentation. There was no material effect to the financial statements as result of these reclassifications.
	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, the 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.
	Cash and Cash Equivalents
	The Company maintains cash balances in non-interest-bearing accounts, which do not currently exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents on hand for the periods presented herein.
	Fair Value of Financial Instruments
	Under FASB ASC 820-10-05, FASB established a framework for measuring fair value in generally accepted accounting principles and expanded disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, prepaid expenses and accrued expenses reported on the balance sheet are estimated by management to approximate fair value primarily due to the short term nature of the instruments.
	Revenue Recognition
	Revenue from the production of oil and natural gas is recognized when persuasive evidence of an arrangement exists (such as a contract with an oil buyer), the Company has delivered the oil, the fee is fixed and determinable, and collectability is reasonably assured.
	Start-Up Costs
	The Company accounts for start-up costs, including organization costs, whereby such costs are expensed as incurred.
	Income Taxes
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to 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 asset will not be recovered through future operations.
	Uncertain Tax Positions
	In accordance with ASC 740, the Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be capable of withstanding examination by the taxing authorities based on the technical merits of the position. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.
	Various taxing authorities may periodically audit the Company’s income tax returns. These audits may include questions regarding the Company’s tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter for which an allowance has been established is audited and fully resolved. The Company has not yet undergone an examination by any taxing authorities.
	The assessment of the Company’s tax position relies on the judgment of management to estimate the exposures associated with the Company’s various filing positions.
	Stock-Based Compensation
	The Company adopted FASB guidance on stock based compensation upon inception at September 22, 2011. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative.
	Basic and Diluted Loss per Share
	The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis by the weighted average number of common shares outstanding plus potential dilutive securities. For the periods presented, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.
	Impairment of Oil and Gas Properties
	We assess proved crude oil and natural gas properties and other investments for possible impairment whenever events or circumstances indicate that the recorded carrying values of the assets may not be recoverable. We recognize an impairment loss as a result of an event that causes us to consider the possibility that impairment may have occurred and when the estimated undiscounted future cash flows from a property or other investment are less than the carrying value. If impairment is indicated, the carrying values are written down to fair value, which, in the absence of comparable market data, is estimated using a discounted cash flow method.
	During the year ended March 31, 2014, we impaired the West Ranch Prospect due to the fact that the future cash flows were undeterminable. We therefore charged the $602.919 impairment as loss.
	Recently Issued Accounting Pronouncements
	In February 2013, FASB issued Accounting Standards Update (“ASU”) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in this ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP. The new amendments will require an organization to:
		·	Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income, but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period; and
		·	Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense.
	The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012 for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 is not expected to have a material impact on our financial position or results of operations.
	In January 2013, FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11. This ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, FASB determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected to have a material impact on our financial position or results of operations.
	In October 2012, FASB issued Accounting Standards Update ASU 2012-04, Technical Corrections and Improvements. The amendments in this update cover a wide range of Topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. The amendments in this update will be effective for fiscal periods beginning after December 15, 2012. The adoption of ASU 2012-04 is not expected to have a material impact on our financial position or results of operations.
	In August 2012, FASB issued ASU 2012-03, Technical Amendments and Corrections to SEC Sections: Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin (SAB) No. 114, Technical Amendments Pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting Standards Update 2010-22 (SEC Update). This update amends various SEC paragraphs pursuant to the issuance of SAB No. 114. The adoption of ASU 2012-03 is not expected to have a material impact on our financial position or results of operations.
	In July 2012, FASB issued ASU 2012-02, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. This update amends ASU 2011-08, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment and permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles - Goodwill and Other - General Intangibles Other than Goodwill. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance. The adoption of ASU 2012-02 has not had a material impact on our financial position or results of operations.

2_Going_Concern

2. Going Concern	12 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
2. Going Concern	'
	As shown in the accompanying financial statements, the Company has no revenues, incurred net losses from operations resulting in an accumulated deficit of $1,385,455, and used net cash in operating activities of $273,347 from inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is actively pursuing oil and gas production opportunities on the Leases. To that end, the Company has developed an initial exploration plan to identify new drilling locations on the West Ranch Prospect. In addition, the Company is currently in search of additional sources of capital to fund short term operations. The Company, however, is dependent upon its ability to secure equity and/or debt financing and there are no assurances that the Company will be successful; therefore, without sufficient financing it would be unlikely for the Company to continue as a going concern.
	The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. The financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

3_Related_Party_Transactions

3. Related Party Transactions	12 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
3. Related Party Transactions	'
	Management Changes
	On May 31, 2013, the Company’s then majority stockholder, Viatcheslav Gelshteyn, entered into a stock purchase agreement with Lawrence Pemble pursuant to which Mr. Gelshteyn sold 7,000,000 shares of common stock, $0.001 par value per share, of the Company to Mr. Pemble and forgave $8,363 in stockholder loans he had made to the Company in consideration for $50,000 in cash from Mr. Pemble. This transaction is referred to as the “Change in Control.” As a result of the Change in Control, Mr. Gelshteyn no longer owns any shares of common stock. As of March 31, 2014, Mr. Pemble held approximately 51.2% of the issued and outstanding shares of common stock. As part of the Change in Control, Mr. Gelshteyn resigned from his positions as the sole director and officer of the Company, and Mr. Pemble was appointed as the Company’s sole director and as its Chief Executive Officer, President, Treasurer and Secretary.
	Notes Payable
	The Company has received short term loans from officers as disclosed in Note 6 below.
	Common Stock
	On June 10, 2013, the Company entered into an Agreement for Redemption of Shares of Common Stock, pursuant to which the Company redeemed 37,600,000 shares of common stock held by Mr. Pemble. As a result of this redemption, on June 10, 2013, Mr. Pemble’s shareholdings decreased from 7,000,000 shares to 2,300,000 shares, which represented approximately 53% of the total shares of common stock then issued and outstanding.
	On June 18, 2013, the Company received approval from FINRA to conduct an 8:1 forward stock split of the issued and outstanding shares of common stock whereby each outstanding share of common stock was exchanged for eight new shares of common stock. On June 20, 2013, the Company effected the stock split, which increased the number of issued and outstanding shares of common stock from 4,320,000 shares to 34,560,000 shares.
	Employment Agreement
	On July 8, 2013, the Company entered into an Employment Agreement with Lawrence Pemble regarding his position as President and Chief Executive Officer of the Company. The Employment Agreement was effective as of May 31, 2013, the date on which Mr. Pemble acquired a controlling interest in the Company. The Employment Agreement has an initial term of three years and will automatically renew for successive one-year periods until terminated by either party in accordance with its terms. Mr. Pemble will be paid a base salary of $120,000 per year. Mr. Pemble will also be entitled to receive 3,000,000 shares of common stock, which will be issued in increments of 1,000,000 shares on May 31 in 2014, 2015 and 2016. The first tranche of 1,000,000 shares were issued June 20, 2014. The Employment Agreement may be terminated (i) at any time by the Company for “cause”, (ii) upon 60 days’ written notice by either party for any reason, (iii) at any time by Mr. Pemble for “good reason”, or (iv) by either party at the end of the initial term or any subsequent terms. The Employment Agreement also terminates immediately upon Mr. Pemble’s death or disability. If Mr. Pemble’s employment is terminated for “cause” by the Company, or if he voluntarily resigns without “good reason”, then he will forfeit any shares of common stock that have not vested as of the date of such termination or resignation. If Mr. Pemble’s employment is terminated for any other reason, he will be entitled to receive three months of his then-current base salary and the full 3,000,000 shares of common stock.
	Related-Party Notes Payable
	A portion of the operating capital was provided personally by our Chief Executive Officer, Lawrence Pemble. The loans and repayments are shown in Note 6 below.

4_Oil_and_Gas_Properties

4. Oil and Gas Properties	12 Months Ended
	Mar. 31, 2014
Extractive Industries [Abstract]	'
4. Oil and Gas Properties	'
	On December 2, 2013, the Company completed the acquisition of 22 separate oil and gas leases issued by the BLM pursuant to a Lease Purchase Agreement with FFMJ. The leased land comprises 32,723 acres in the Butte Valley Oil Play Region in North Central Nevada and excludes well or lease bonds in place with the Nevada Division of Minerals and/or the BLM. The expiration dates of the Leases range from March 31, 2016 to July 31, 2017. The Company has a 100% working interest and an 82% net revenue interest in the Leases. The Company also agreed to assume all rental payments due on the Leases starting on July 5, 2013. The aggregate purchase price of the Leases was $250,000. The Company made the final payment of $75,000 into escrow on October 23, 2013 and requested approval from the BLM to the assignment of the Leases from FFMJ to the Company. On December 2, 2013, the Company received confirmation of the BLM’s approval of the assignment of the Leases. At that time, the money was released from escrow and the lease purchase was consummated. The Company’s entry into the Lease Purchase Agreement was previously reported in Item 1.01 of the Current Report on Form 8-K, filed on July 10, 2013.
	Pursuant to the Lease Purchase Agreement, the Company was responsible for all filing and recording fees for BLM and relevant county recorder offices. The Lease Purchase Agreement also provides that the Company must drill a test well with a surface and bottom hole location on the Leases for the purpose of hydrocarbon exploration and production which must achieve a depth of 6,000 feet, or a depth as otherwise agreed to between the Company and FFMJ. If the Company does not begin drilling with a rig capable of total depth on or before July 5, 2015, the Leases will be reassigned to FFMJ.
	We have recorded the $250,000 cash paid to FFMJ to “Oil and Gas Properties”. In addition to the cash costs paid to acquire the Leases, we also included in the acquisition cost a payment in the amount of $1,870 to the Office of Natural Resources Revenue of the State of Nevada, which represents the state fee for transferring title to the property. Additionally, we capitalized into the purchase price of the Leases $154,500 associated with the issuance of 150,000 shares of common stock to a broker as a finder’s fee (See Note 7).
	In addition to the costs associated with obtaining the Leases, we have incurred $141,108 in geological and geophysical costs associated with the completion of a Phase II of an independent assessment of the oil and gas exploration potential of the West Ranch Prospect and surrounding areas. To date, we have been provided historic magnetic and gravity geological mapping data across the entire West Ranch Prospect, an independent technical and economic due diligence report to help determine the oil and gas potential, and five miles of historic 2D seismic data with the West Ranch Prospect.
	The Company assesses exploration and evaluation assets for impairment when facts and circumstances suggest that the carrying amount of an asset may exceed its recoverable amount, which is generally defined as its future discounted cash flows. At March 31, 2014, we have not yet conducted an evaluation of the potential oil and gas reserves, if any, that may exist in the West Ranch Prospect, and therefore cannot estimate future cash flows. Management is therefore unable to determine whether the carrying value of the West Ranch Prospect exceeds its recoverable amount and have recorded an impairment expense against the full carrying value of the West Ranch Prospect. The amount of this impairment was $602,919.

5_Fair_Value_of_Financial_Inst

5. Fair Value of Financial Instruments	12 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
5. Fair Value of Financial Instruments	'
	The Company adopted FASB ASC 820-10 upon inception at September 22, 2011. Under FASB ASC 820-10-5, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value.
	The Company has certain financial instruments that must be measured under the new fair value standard. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows:
	Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.
	Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).
	Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.
	The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of March 31, 2014 and 2013, respectively:
		Level 1		Level 2		Level 3
	31-Mar-14
	Assets
	Cash	$	7,419	$	–	$	–
	Total assets		7,419		–		–
	Liabilities
	Notes payable, related party	$	–	$	–	$	–
	Total liabilities		–		–		–
	31-Mar-13
	Assets
	Cash	$	447	$	–	$	–
	Total assets		447		–		–
	Liabilities
	Notes payable, related party	$	–	$	8,124	$	–
	Total liabilities		–		8,124		–
	The fair values of our related party debts are deemed to approximate book value and are considered Level 2 inputs as defined by ASC Topic 820-10-35.
	There were no transfers of financial assets or liabilities between Level 1, Level 2 and Level 3 inputs for the years ended March 31, 2014 or 2013.

6_Notes_Payable_Related_Party

6. Notes Payable, Related Party	12 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
6. Notes Payable, Related Party	'
	The following transactions affected Notes Payable, Related party from March 31, 2013 to March 31, 2014:
	Transactions with Previous Chief Executive Officer
	Due to former Chief Executive Officer at March 31, 2013	$	8,124
	Cash loans and expenses paid by previous CEO		672
	Partial repayment of loans to previous CEO		(433	)
	Forgiveness of debt by previous CEO		(8,363	)
	Balance due officer at point of change in control		–
	Transactions with Current Chief Executive Officer
	Cash advances		701
	Expenses paid on behalf of the Company		33,063
	Loan repayments		(33,764	)
	Balance March 31, 2014	$	–
	The Company recorded interest expense in the amount of $1,436 and $-0- for the years ended March 31, 2014 and 2013, respectively, related to these related-party balances. During the year ended March 31, 2014, the Company repaid Mr. Pemble a total of $36,252, including $1,817 of accrued interest.

7_Stockholders_Equity

7. Stockholders' Equity	12 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
7. Stockholders' Equity	'
	The Company has authorized 75,000,000 shares of common stock, $0.001 par value per share.
	On June 18, 2013, the Company received approval from FINRA to conduct an 8:1 forward stock split of the issued and outstanding shares of common stock whereby each outstanding share of common stock was exchanged for eight new shares of common stock. On June 20, 2013, the Company effected the stock split, which increased the number of issued and outstanding shares of common stock from 4,320,000 shares to 34,560,000 shares. The stock split has been applied retrospectively as presented in these financial statements and all related disclosures.
	Common Stock Issuances
	On June 10, 2013, the Company entered into an Agreement for Redemption of Shares of Common Stock, pursuant to which the Company redeemed 37,600,000 shares of common stock held by Mr. Pemble, as adjusted for the 8:1 forward stock split completed on June 20, 2013. As a result of this redemption, Mr. Pemble’s adjusted shareholdings decreased from 56,000,000 shares to 18,400,000 shares, which represented approximately 53% of the total shares of common stock then issued and outstanding.
	During the fiscal year ended March 31, 2014, the Company issued 1,230,000 shares to a single investor in a series of transactions for an aggregate of $730,000 in cash.
	On December 13, 2013, we issued 150,000 shares of common stock to a broker as a finder’s fee in exchange for services associated with our acquisition of the West Ranch Prospect. We valued the shares at their fair values on the grant date and increased the acquisition price and carrying value of the West Ranch Prospect by $153,000.
	Contributed Capital
	On May 31, 2013, the Company’s then majority stockholder, Viatcheslav Gelshteyn, entered into a stock purchase agreement with Lawrence Pemble pursuant to which Mr. Gelshteyn sold 7,000,000 shares of common stock to Mr. Pemble and forgave $8,363 in stockholder loans he had made to the Company. The debt forgiveness related to the loans was recognized as contributed capital.
	Common Stock Payable
	On July 8, 2013, the Company entered into an Employment Agreement with Lawrence Pemble regarding his position as President and Chief Executive Officer of the Company. Pursuant to the Employment Agreement, Mr. Pemble will be entitled to receive 3,000,000 shares of common stock, which will be issued in increments of 1,000,000 shares on May 31 in each of 2014, 2015 and 2016. The first tranche of 1,000,000 shares were issued June 20, 2014. We valued these shares at their fair values on the grant date, and we valued the total of the 3,000,000 shares at $1,500,000. We are amortizing the value of these shares at the greater of the amount vesting or straight line (which, in this case, is the same). Through March 31, 2014, we have charged general and administrative expense with $364,386 associated with Mr. Pemble’s Employment Agreement. The unamortized portion is included on the balance sheet as Common Stock Payable.

8_Income_Taxes

8. Income Taxes	12 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
8. Income Taxes	'
	The Company accounts for income taxes under FASB ASC 740-10, which requires use of the liability method. FASB ASC 740-10-25 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, referred to as temporary differences.
	For the years ended March 31, 2014 and 2013, the Company incurred net operating losses and, accordingly, no provision for income taxes has been recorded. In addition, no benefit for income taxes has been recorded due to the uncertainty of the realization of any tax assets. At March 31, 2014 and 2013, the Company had approximately $1,021,069 and $316,456 of federal net operating losses, respectively. The net operating loss carry forwards, if not utilized, will begin to expire in 2032.
	The components of the Company’s deferred tax asset are as follows:
		March 31,
		2014			2013
	Net operating loss carry-forwards	$	409,787		$	316,456
	Deferred tax asset		143,425			110,760
	Valuation allowance		(143,425	)		(110,760	)
	Net deferred tax asset	$	–		$	–

9_Subsequent_Events

9. Subsequent Events	12 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
9. Subsequent Events	'
	On April 11, 2014, we sold 96,000 shares of common stock for $80,000 in cash.
	On June 20, 2014, we issued 1 million shares to Lawrence Pemble pursuant to his employment agreement.
	On May 29, 2014, the board of directors engaged Randall Newton to serve as Chief Financial Officer. The details of the employment agreement and compensation are included in form 8-K, filed June 2, 2014 and is herein incorporated by reference.

1_Nature_of_Business_and_Signi1

1. Nature of Business and Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Nature of Business	'
	Gray Fox Petroleum Corp. (formerly Viatech Corp.) (“Gray Fox” or the “Company”) was incorporated in the State of Nevada on September 22, 2011. The Company was formed to provide interior design and architectural visualization, 3D rendering and architectural animation services. On May 31, 2013, the then majority stockholder, Viatcheslav Gelshteyn, entered into a stock purchase agreement with Lawrence Pemble pursuant to which Mr. Gelshteyn sold 7,000,000 shares of common stock, $0.001 par value per share, of the Company to Mr. Pemble and forgave $8,363 in stockholder loans he had made to the Company in consideration of $50,000 in cash from Mr. Pemble. This transaction is referred to as the “Change in Control.” As a result of the Change in Control, Mr. Gelshteyn no longer owns any shares of common stock. In addition, Mr. Gelshteyn resigned from his positions as the sole director and officer of the Company, and Mr. Pemble was appointed as the Company’s sole director and as its Chief Executive Officer, President, Treasurer and Secretary. On June 5, 2013, the board of directors approved the dismissal of Ronald R. Chadwick, P.C. as its independent auditor and appointed M&K CPAS, LLC as its new independent auditor.
	On June 10, 2013, the Company entered into an Agreement for Redemption of Shares of Common Stock, pursuant to which the Company redeemed 4,700,000 shares of common stock held by Mr. Pemble. As a result of this redemption, Mr. Pemble’s shareholdings decreased from 7,000,000 shares to 2,300,000 shares, which represented approximately 53% of the total shares then issued and outstanding.
	On June 18, 2013, the Company received approval from the Financial Industry Regulatory Authority (“FINRA”) to change its name from “Viatech Corp.” to “Gray Fox Petroleum Corp.” and to conduct an 8:1 forward stock split of the issued and outstanding shares of common stock whereby each outstanding share of common stock would be exchanged for eight new shares of common stock. On June 20, 2013, the Company effected the stock split, which increased the number of issued and outstanding shares of common stock from 4,320,000 shares to 34,560,000 shares. In connection with the Change in Control and the name change, on July 19, 2013, the Company’s ticker symbol on the OTCBB was changed from VTCH to GFOX.
	The Company’s administrative offices are located at 3333 Lee Parkway, Suite 600, Dallas, Texas 75219. The Company has one full-time employee, Lawrence Pemble, who serves as its sole officer and director.
	Gray Fox is a domestic oil and gas exploration and development company focused on the acquisition and exploration of oil and natural gas properties in the Western United States. The Company implements this business focus by pursuing interests in oil and natural gas properties through strategic lease acquisition activities.
	On December 2, 2013, the Company completed the acquisition of 22 separate oil and gas leases (the “Leases”) issued by the Bureau of Land Management (the “BLM”) from FFMJ, LLC, a Nevada limited liability company (“FFMJ”), for an aggregate purchase price of $250,000. The leased land, known as the “West Ranch Prospect,” comprises 32,723 acres in the Butte Valley Oil Play Region in North Central Nevada. We have a 100% working interest and an 82% net revenue interest in the Leases. If the property is viable and can be developed, we will receive 82% of the net revenues generated from the property. As the leaseholder, we are responsible for evaluating, exploring, paying for and maintaining the Leases. In connection with our acquisition of the Leases, we have agreed to drill a test well with a surface and bottom hole location on the Leases for the purpose of hydrocarbon exploration and production. The test well must achieve a depth of 6,000 feet. If we fail to commence drilling with a rig capable of total depth on or before July 5, 2015, the Leases will be reassigned to FFMJ.
	As a result of the acquisition of the Leases, the Company is no longer a “shell company,” as defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended. This change in “shell company” status was previously reported in the Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on December 6, 2013, as amended by a Form 8-K/A filed on December 13, 2013.
	Our plan of operations for the next 12 months is to conduct geological mapping, gravity surveying and 2D seismic coverage on the West Ranch Prospect in order to determine the best location to drill the initial test well. To that end, we have developed an initial exploration plan to identify drilling targets. This initial exploration plan is designed to identify new drilling locations targeting certain geological formations that the Company believes may be capable of producing oil or natural gas in commercial quantities.
Basis of Presentation	'
	The financial statements included herein, presented in accordance with United States generally accepted accounting principles and is stated in U.S. currency have been prepared by the Company pursuant to the rules and regulations of the SEC.
	The Company has adopted a fiscal year end of March 31.
	These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for fair presentation of the information contained therein.
Exploration Stage Company	'
	The Company is currently considered an exploration stage company as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915-10-05. As an exploration stage enterprise, the Company discloses the deficit accumulated during the exploration stage and the cumulative statements of operations and cash flows from inception (September 22, 2011) to the current balance sheet date. An entity remains in the exploration stage until such time as, among other factors, revenues have been realized.
Reclassifications	'
	Certain prior period amounts have been reclassified to conform to the current period presentation. There was no material effect to the financial statements as result of these reclassifications.
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, the 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.
Cash and Cash Equivalents	'
	The Company maintains cash balances in non-interest-bearing accounts, which do not currently exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents on hand for the periods presented herein.
Fair Value of Financial Instruments	'
	Under FASB ASC 820-10-05, FASB established a framework for measuring fair value in generally accepted accounting principles and expanded disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, prepaid expenses and accrued expenses reported on the balance sheet are estimated by management to approximate fair value primarily due to the short term nature of the instruments.
Revenue Recognition	'
	Revenue from the production of oil and natural gas is recognized when persuasive evidence of an arrangement exists (such as a contract with an oil buyer), the Company has delivered the oil, the fee is fixed and determinable, and collectability is reasonably assured.
Start up Costs	'
	The Company accounts for start-up costs, including organization costs, whereby such costs are expensed as incurred.
Income Taxes	'
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to 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 asset will not be recovered through future operations.
Uncertain Tax Positions	'
	In accordance with ASC 740, the Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be capable of withstanding examination by the taxing authorities based on the technical merits of the position. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.
	Various taxing authorities may periodically audit the Company’s income tax returns. These audits may include questions regarding the Company’s tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter for which an allowance has been established is audited and fully resolved. The Company has not yet undergone an examination by any taxing authorities.
	The assessment of the Company’s tax position relies on the judgment of management to estimate the exposures associated with the Company’s various filing positions.
Stock-Based Compensation	'
	The Company adopted FASB guidance on stock based compensation upon inception at September 22, 2011. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative.
Basic and Diluted Loss Per Share	'
	The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis by the weighted average number of common shares outstanding plus potential dilutive securities. For the periods presented, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.
Impairment of Oil and Gas Properties	'
	Impairment of Oil and Gas Properties
	We assess proved crude oil and natural gas properties and other investments for possible impairment whenever events or circumstances indicate that the recorded carrying values of the assets may not be recoverable. We recognize an impairment loss as a result of an event that causes us to consider the possibility that impairment may have occurred and when the estimated undiscounted future cash flows from a property or other investment are less than the carrying value. If impairment is indicated, the carrying values are written down to fair value, which, in the absence of comparable market data, is estimated using a discounted cash flow method.
	During the year ended March 31, 2014, we impaired the West Ranch Prospect due to the fact that the future cash flows were undeterminable. We therefore charged the $602.919 impairment as loss.
Recently Issued Accounting Pronouncements	'
	In February 2013, FASB issued Accounting Standards Update (“ASU”) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in this ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP. The new amendments will require an organization to:
		·	Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income, but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period; and
		·	Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense.
	The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012 for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 is not expected to have a material impact on our financial position or results of operations.
	In January 2013, FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11. This ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, FASB determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected to have a material impact on our financial position or results of operations.
	In October 2012, FASB issued Accounting Standards Update ASU 2012-04, Technical Corrections and Improvements. The amendments in this update cover a wide range of Topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. The amendments in this update will be effective for fiscal periods beginning after December 15, 2012. The adoption of ASU 2012-04 is not expected to have a material impact on our financial position or results of operations.
	In August 2012, FASB issued ASU 2012-03, Technical Amendments and Corrections to SEC Sections: Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin (SAB) No. 114, Technical Amendments Pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting Standards Update 2010-22 (SEC Update). This update amends various SEC paragraphs pursuant to the issuance of SAB No. 114. The adoption of ASU 2012-03 is not expected to have a material impact on our financial position or results of operations.
	In July 2012, FASB issued ASU 2012-02, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. This update amends ASU 2011-08, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment and permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles - Goodwill and Other - General Intangibles Other than Goodwill. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance. The adoption of ASU 2012-02 has not had a material impact on our financial position or results of operations.

5_Fair_Value_of_Financial_Inst1

5. Fair Value of Financial Instruments (Tables)	12 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value Measurements	'
		Level 1		Level 2		Level 3
	31-Mar-14
	Assets
	Cash	$	7,419	$	–	$	–
	Total assets		7,419		–		–
	Liabilities
	Notes payable, related party	$	–	$	–	$	–
	Total liabilities		–		–		–
	31-Mar-13
	Assets
	Cash	$	447	$	–	$	–
	Total assets		447		–		–
	Liabilities
	Notes payable, related party	$	–	$	8,124	$	–
	Total liabilities		–		8,124		–

6_Notes_Payable_Related_Party_

6. Notes Payable, Related Party (Tables)	12 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Notes payable, related party	'
	Transactions with Previous Chief Executive Officer
	Due to former Chief Executive Officer at March 31, 2013	$	8,124
	Cash loans and expenses paid by previous CEO		672
	Partial repayment of loans to previous CEO		(433	)
	Forgiveness of debt by previous CEO		(8,363	)
	Balance due officer at point of change in control		–
	Transactions with Current Chief Executive Officer
	Cash advances		701
	Expenses paid on behalf of the Company		33,063
	Loan repayments		(33,764	)
	Balance March 31, 2014	$	–

8_Income_Taxes_Tables

8. Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Deferred tax assets	'
		March 31,
		2014			2013
	Net operating loss carry-forwards	$	409,787		$	316,456
	Deferred tax asset		143,425			110,760
	Valuation allowance		(143,425	)		(110,760	)
	Net deferred tax asset	$	–		$	–

2_Going_Concern_Details_Narrat

2. Going Concern (Details Narrative) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Going Concern Details Narrative	'	'
Accumulated Deficit	($1,385,455)	($31,236)

4_Fair_Value_of_Financial_Inst

4. Fair Value of Financial Instruments (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Cash	$7,419	$447
Notes payable, related party	0	8,124
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]	'	'
Cash	7,419	447
Total Assets	7,419	447
Notes payable, related party	'	'
Total Liabilities	'	'
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]	'	'
Cash	'	'
Total Assets	'	'
Notes payable, related party	'	8,124
Total Liabilities	'	8,124
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]	'	'
Cash	'	'
Total Assets	'	'
Notes payable, related party	'	'
Total Liabilities	'	'

6_Notes_Payable_Related_Party_1

6. Notes Payable, Related Party (Details) (USD $)	Mar. 31, 2014
Notes Payable Related Party Details	'
Due to former Chief Executive Officer at March 31, 2013	$8,124
Cash loans and expenses paid by previous CEO	672
Partial repayment of loans to previous CEO	-433
Forgiveness of debt by previous CEO	-8,363
Balance due officer at point of change in control	'
Transactions with Current Chief Executive Officer	'
Cash advances	701
Expenses paid on behalf of the Company	33,063
Loan repayments	-33,764
Balance March 31, 2014	'

8_Income_Taxes_Details

8. Income Taxes (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Deferred tax assets:	'	'
Net operating loss carry forwards	$409,787	$316,456
Deferred tax asset	143,425	110,760
Valuation allowance	-143,425	-110,760
Net deferred tax assets	$0	$0