Duesenberg (DUSYF) 10-Q 13 Jun 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Apr. 30, 2014
Document and Entity Information:	'
Entity Registrant Name	'CORECOMM SOLUTIONS INC.
Document Type	'10-Q
Document Period End Date	30-Apr-14
Amendment Flag	'false
Entity Central Index Key	'0001551887
Current Fiscal Year End Date	'--10-31
Entity Filer Category	'Smaller Reporting Company
Entity Current Reporting Status	'Yes
Entity Voluntary Filers	'No
Entity Well-known Seasoned Issuer	'No
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q2
Entity Common Stock, Shares Outstanding	7,216,661

Balance_Sheets

Balance Sheets (USD $)	Apr. 30, 2014	Oct. 31, 2013
Current Assets	'	'
Cash	$3,905	$4,266
GST recoverable	1,735	1,960
Total Current Assets	5,640	6,226
Unproved mineral property	11,697	11,697
Total Assets	17,337	17,923
Current Liabilities	'	'
Accounts payable	101,462	56,623
Accrued liabilities	11,135	9,014
Advances payable	2,353	'
Due to related parties	11,874	7,816
Total Current Liabilities	126,824	73,453
Total Liabilities	126,824	73,453
Stockholders' Deficit	'	'
Common stock value	499,000	472,000
Common stock subscribed	9,000	'
Additional paid-in capital	-26,180	-26,180
Accumulated other comprehensive income (loss)	3,219	-63
Deficit	-594,526	-501,287
Total Stockholders' Deficit	-109,487	-55,530
Total Liabilities and Stockholders' Deficit	$17,337	$17,923

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Apr. 30, 2014	Oct. 31, 2013
Balance Sheet	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	'	'
Common stock, shares issued	7,216,661	6,916,661
Common stock, shares outstanding	7,216,661	6,916,661

Statements_of_Operations

Statements of Operations (USD $)	3 Months Ended		6 Months Ended		45 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014
Operating expenses	'	'	'	'	'
Administration	$20,395	'	$39,087	$2,500	$66,438
Accounting	4,238	2,000	6,107	3,110	51,494
Bank charges	296	89	423	165	1,938
Consulting	'	9,879	3,738	12,379	96,662
Corporate communications	128	'	1,676	'	2,718
Management fees	2,595	7,500	12,876	13,500	202,396
Mineral exploration	'	1,000	'	2,000	24,220
Office	'	1,021	2,658	6,453	30,181
Professional fees	-2,494	4,334	14,417	5,400	102,806
Regulatory and filing	2,646	18,244	9,912	21,356	49,020
Research and development	'	'	1,122	'	1,122
Travel and entertainment	'	'	935	'	4,964
Foreign exchange	-46	1,055	288	1,055	1,145
Loss before other items	-27,758	-45,122	-93,239	-67,918	-635,104
Other items	'	'	'	'	'
Exploration tax credit	'	'	'	'	1,960
Interest income	'	'	'	'	42,218
Write-down of unproved mineral properties	'	'	'	'	-3,600
Net loss	-27,758	-45,122	-93,239	-67,918	-594,526
Translation to reporting currency	-2,281	'	3,282	'	3,219
Comprehensive loss	($30,039)	($45,122)	($89,957)	($67,918)	($591,307)
Loss per common share - basic and diluted	$0	$0.01	$0.01	$0.01	'
Weighted common shares outstanding - basic and diluted	7,216,661	6,919,661	7,149,439	6,919,661	'

Statements_of_Stockholders_Def

Statements of Stockholders' Deficit (USD $)	Common Stock	Stock Subscribed	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Total
Beginning Balance, amount at Aug. 03, 2010	'	'	'	'	'	'
Common stock issued, shares	1,750,000	'	'	'	'	'
Common stock issued, value	$51,500	'	'	'	'	$51,500
Obligation to issue shares	'	38,250	'	'	'	38,250
Discount on notes receivable	'	'	-13,995	'	'	-13,995
Net loss for the period	'	'	'	'	-26,827	-26,827
Ending Balance, amount at Oct. 31, 2010	51,500	38,250	-13,995	'	-26,827	48,928
Ending Balance, shares at Oct. 31, 2010	1,750,000	'	'	'	'	'
Common stock issued, shares	1,793,328	'	'	'	'	'
Common stock issued, value	167,500	-38,250	'	'	'	129,250
Obligation to issue shares	'	41,250	'	'	'	41,250
Discount on notes receivable	'	'	-13,185	'	'	-13,185
Net loss for the period	'	'	'	'	-124,975	-124,975
Ending Balance, amount at Oct. 31, 2011	219,000	41,250	-27,180	'	-151,802	81,268
Ending Balance, shares at Oct. 31, 2011	3,543,328	'	'	'	'	'
Common stock issued, shares	550,000	'	'	'	'	'
Common stock issued, value	41,250	-41,250	'	'	'	'
Common stock issued for debt, shares	2,273,333	'	'	'	'	'
Common stock issued for debt, value	170,500	'	'	'	'	170,500
Common stock issued for assets, shares	200,000	'	'	'	'	'
Common stock issued for assets, value	15,000	'	'	'	'	15,000
Common stock issued for services, shares	350,000	'	'	'	'	'
Common stock issued for services, value	26,250	'	'	'	'	26,250
Net loss for the period	'	'	'	'	-196,321	-196,321
Ending Balance, amount at Oct. 31, 2012	472,000	'	-27,180	'	-348,123	96,697
Ending Balance, shares at Oct. 31, 2012	6,916,661	'	'	'	'	'
Net loss for the period	'	'	'	'	-67,918	-67,918
Ending Balance, amount at Apr. 30, 2013	472,000	'	-27,180	'	-416,041	28,779
Ending Balance, shares at Apr. 30, 2013	6,916,661	'	'	'	'	'
Donated services	'	'	1,000	'	'	1,000
Effect of exchange rate changes on cash	'	'	'	-63	'	-63
Net loss for the period	'	'	'	'	-85,246	-85,246
Ending Balance, amount at Oct. 31, 2013	472,000	'	-26,180	-63	-501,287	-55,530
Beginning Balance, shares at Oct. 31, 2013	6,916,661	'	'	'	'	'
Common stock issued, shares	300,000	'	'	'	'	'
Common stock issued, value	27,000	'	'	'	'	27,000
Obligation to issue shares	'	9,000	'	'	'	9,000
Effect of exchange rate changes on cash	'	'	'	3,282	'	3,282
Net loss for the period	'	'	'	'	-93,239	-93,239
Ending Balance, amount at Apr. 30, 2014	$499,000	$9,000	($26,180)	$3,219	($594,526)	($109,487)
Ending Balance, shares at Apr. 30, 2014	7,216,661	'	'	'	'	'

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	6 Months Ended		45 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014
Cash Flows used in Operating Activities	'	'	'
Net loss	($93,239)	($67,918)	($594,526)
Adjustment to reconcile net loss to net cash used in operating activities:	'	'	'
Consulting fees	'	'	26,250
Donated services	'	'	1,000
Interest income	'	'	-42,218
Property write-off	'	'	3,600
Changes in operating assets and liabilities:	'	'	'
GST recoverable	225	23	-1,735
Prepaids	'	-9,167	'
Accounts payable and accrued liabilities	49,990	-8,279	159,113
Due to related parties	4,436	'	139,266
Net cash used in operating activities	-38,588	-85,341	-309,250
Cash Flows from Investing Activities	'	'	'
Notes receivable, net of allowance	'	'	15,038
Property acquisition costs	'	'	297
Net cash provided by investing activities	'	'	14,741
Cash Flows from Financing Activities	'	'	'
Shares issued	27,000	'	287,250
Shares subscribed	9,000	'	9,000
Advances received	2,472	'	2,472
Net cash provided by financing activities	38,472	'	298,722
Effect of exchange rate changes on cash	-245	'	-308
Net increase (decrease) in cash during the period	-361	-85,341	3,905
Cash, beginning of period	4,266	117,120	'
Cash, end of period	3,905	31,779	3,905
Supplemental Disclosure of Cash Flow Information:	'	'	'
Taxes	'	'	'
Interest	'	'	'
Non-cash transactions:	'	'	'
Shares issued for mineral properties	'	'	15,000
Shares issued for settlement of debt	$170,500	'	$170,500

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	3 Months Ended
	Apr. 30, 2014
Notes	'
Organization and Basis of Presentation	'
	NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION
	Nature of Operations
	CoreComm Solutions Inc. (the “Company”) is an exploration stage company. The Company’s principal business is the acquisition and exploration of mineral resources in British Columbia, Canada. The Company has not determined whether its properties contain mineral reserves that are economically recoverable.
	Basis of presentation
	The unaudited interim financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). They do not include all information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended October 31, 2013, included in the Company’s Annual Report on Form 10-K, filed with the SEC. The interim unaudited financial statements should be read in conjunction with those financial statements for the year ended October 31, 2013 included in the Company’s Annual Report on Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three and six months ended April 30, 2014, are not necessarily indicative of the results that may be expected for the year ending October 31, 2014.
	Reclassifications
	Certain prior period amounts in the accompanying anaudited interim financial statements have been reclassified to conform to the current period’s presentation. These reclassifications had no effect on the results of operations or financial position for any period presented.
	Going Concern
	The accompanying unaudited interim financial statements have been prepared assuming the Company will continue as a going concern. Continuation as a going concern is dependent upon the ability of the Company to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due and ultimately upon its ability to achieve profitable operations.  The outcome of these matters cannot be predicted with any certainty at this time and raise substantial doubt that the Company will be able to continue as a going concern.  These unaudited interim financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.  Management intends to obtain additional funding by borrowing funds from its directors and officers, issuing promissory notes and/or a private placement of common stock.
	Recent Accounting Pronouncements
	The Company has reviewed recently issued accounting pronouncements and plans to adopt those that are applicable to it. It does not expect the adoption of these pronouncements to have a material impact on its financial position, results of operations or cash flows.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Apr. 30, 2014
Notes	'
Related Party Transactions	'
	NOTE 2 - RELATED PARTY TRANSACTIONS
	The Company incurred the following transactions with related parties that are not disclosed elsewhere in the financial statements:
		Six Months Ended April 30,
		2014		2013
	Management fees incurred to a former director	$	--	$	10,500
	Consulting and management fees incurred to a former officer		--		7,500
	Management fees incurred to a director		2,299		--
	Management fees incurred to a Chief Executive Officer of the Company		8,278		--
	Management fees incurred to a former Chief Financial Officer		2,299		--
	Total transactions with related parties	$	12,876	$	18,000
	At April 30, 2014, the Company owed $11,874 (2013 - $7,816) to related parties. The amounts bear no interest, are unsecured and due on demand.

License_Agreement_Note

License Agreement, Note	3 Months Ended
	Apr. 30, 2014
Notes	'
License Agreement, Note	'
	NOTE 3 - LICENSE AGREEMENT
	On December 2, 2013, the Company entered into the License Agreement with an arms-length party (the “Vendor”) allowing the Company to commercialize a web-based technology used for performing complex search queries on the internet in the education market for English and Spanish users.
	In consideration of the License Agreement, the Company was required to make cash payments totalling $500,000 and issue a total of 2,857,142 common shares of the Company according to the following schedule:
	·              $100,000 by April 1, 2014;
	·              $200,000 by August 1, 2014; and
	·              $200,000 by January 1, 2015.
	·              2,857,142 common shares no later than the day following the closing of the proposed private placement for 5,000,000 common shares of the Company at $0.10 per share (Note 5).
	The Company failed to make its April 1, 2014 license payment, which resulted in termination of the License Agreement.

Unproved_Mineral_Properties

Unproved Mineral Properties	3 Months Ended
	Apr. 30, 2014
Notes	'
Unproved Mineral Properties	'
	NOTE 4 - UNPROVED MINERAL PROPERTIES
	At April 30, 2014, the Company held interest in three mineral exploration claims located in vicinity of Osoyoos, British Columbia. To keep the claims in good standing, the Company is required to incur exploration expenses of approximately $678 per year for the next two years and $5,540 per year thereafter.

Common_Stock_Note

Common Stock, Note	3 Months Ended
	Apr. 30, 2014
Notes	'
Common Stock, Note	'
	NOTE 5 - COMMON STOCK
	On December 2, 2013, the Company announced a private offering of up to 5,000,000 common shares of the Company at a price of $0.10 per share.
	On January 8, 2013, the Company closed the first tranche and issued 300,000 shares for gross proceeds of $30,000. The Company paid finders a cash commission totalling $3,000 associated with the first tranche.
	During the second fiscal quarter ended April 30, 2014, the Company received subscriptions for shares of $9,000.

Organization_and_Basis_of_Pres1

Organization and Basis of Presentation: Basis of Presentation (Policies)	3 Months Ended
	Apr. 30, 2014
Policies	'
Basis of Presentation	'
	Basis of presentation
	The unaudited interim financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). They do not include all information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended October 31, 2013, included in the Company’s Annual Report on Form 10-K, filed with the SEC. The interim unaudited financial statements should be read in conjunction with those financial statements for the year ended October 31, 2013 included in the Company’s Annual Report on Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three and six months ended April 30, 2014, are not necessarily indicative of the results that may be expected for the year ending October 31, 2014.

Organization_and_Basis_of_Pres2

Organization and Basis of Presentation: Reclassifications Policy (Policies)	3 Months Ended
	Apr. 30, 2014
Policies	'
Reclassifications Policy	'
	Reclassifications
	Certain prior period amounts in the accompanying anaudited interim financial statements have been reclassified to conform to the current period’s presentation. These reclassifications had no effect on the results of operations or financial position for any period presented.

Organization_and_Basis_of_Pres3

Organization and Basis of Presentation: Going Concern (Policies)	3 Months Ended
	Apr. 30, 2014
Policies	'
Going Concern	'
	Going Concern
	The accompanying unaudited interim financial statements have been prepared assuming the Company will continue as a going concern. Continuation as a going concern is dependent upon the ability of the Company to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due and ultimately upon its ability to achieve profitable operations.  The outcome of these matters cannot be predicted with any certainty at this time and raise substantial doubt that the Company will be able to continue as a going concern.  These unaudited interim financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.  Management intends to obtain additional funding by borrowing funds from its directors and officers, issuing promissory notes and/or a private placement of common stock.

Organization_and_Basis_of_Pres4

Organization and Basis of Presentation: Recent Accounting Pronouncements (Policies)	3 Months Ended
	Apr. 30, 2014
Policies	'
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company has reviewed recently issued accounting pronouncements and plans to adopt those that are applicable to it. It does not expect the adoption of these pronouncements to have a material impact on its financial position, results of operations or cash flows.

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	6 Months Ended
	Apr. 30, 2014	Apr. 30, 2013
Related party expenses	$12,876	$18,000
Payable to related parties	11,874	7,816
Management fees, former director	'	'
Related party expenses	'	10,500
Consulting and management fees, former officer	'	'
Related party expenses	'	7,500
Management fees incurred, director	'	'
Related party expenses	2,299	'
Management fees incurred, CEO	'	'
Related party expenses	8,278	'
Management fees incurred, CFO	'	'
Related party expenses	$2,299	'

License_Agreement_Note_Details

License Agreement, Note (Details) (USD $)	Dec. 02, 2013
Cash payments required to be made	$500,000
Total common shares required to be issued	2,857,142
1-Apr-14	'
Cash payments required to be made	100,000
1-Aug-14	'
Cash payments required to be made	200,000
1-Jan-15	'
Cash payments required to be made	$200,000

Unproved_Mineral_Properties_De

Unproved Mineral Properties (Details)	3 Months Ended
	Apr. 30, 2014
Details	'
Number of mineral claims held interest in	'three
Mineral claims, good standing	'To keep the claims in good standing, the Company is required to incur exploration expenses of approximately $678 per year for the next two years and $5,540 per year thereafter.

Common_Stock_Note_Details

Common Stock, Note (Details) (USD $)	6 Months Ended
	Apr. 30, 2014
Common stock subscriptions received	$9,000
8-Jan-14	'
Shares of common stock issued in private placement	300,000
Gross proceeds from common stock issued in private placement	30,000
Cash commission paid to finders	$3,000