Duesenberg (DUSYF) 10-Q 10 Sep 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jul. 31, 2014
Document and Entity Information:	'
Entity Registrant Name	'CORECOMM SOLUTIONS INC.
Document Type	'10-Q
Document Period End Date	31-Jul-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	'Q3
Entity Common Stock, Shares Outstanding	7,541,661

Balance_Sheets

Balance Sheets (USD $)	Jul. 31, 2014	Oct. 31, 2013
Current Assets	'	'
Cash	$5,275	$4,266
GST recoverable	493	1,960
Total Current Assets	5,768	6,226
Unproved mineral property	11,697	11,697
Total Assets	17,465	17,923
Current Liabilities	'	'
Accounts payable	100,517	56,623
Accrued liabilities	16,529	9,014
Advances payable	2,367	'
Due to related parties	10,372	7,816
Total Current Liabilities	129,785	73,453
Total Liabilities	129,785	73,453
Stockholders' Deficit	'	'
Common stock value	523,375	472,000
Additional paid-in capital	-26,180	-26,180
Accumulated other comprehensive income (loss)	2,548	-63
Deficit	-612,063	-501,287
Total Stockholders' Deficit	-112,320	-55,530
Total Liabilities and Stockholders' Deficit	$17,465	$17,923

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical)	Jul. 31, 2014	Oct. 31, 2013
Balance Sheet	'	'
Common stock, shares issued	7,541,661	6,916,661
Common stock, shares outstanding	7,541,661	6,916,661

Statements_of_Operations

Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013
Operating expenses	'	'	'	'
Administration	$6,978	$953	$46,065	$3,453
Accounting	1,853	2,523	7,960	5,633
Bank charges	86	312	509	477
Consulting	'	6,006	3,738	18,385
Corporate communications	'	500	1,676	500
Management fees	'	7,215	12,876	20,715
Mineral exploration	1,843	9,837	1,843	11,837
Office	790	3,917	3,448	10,370
Professional fees	4,532	3,843	18,949	9,243
Regulatory and filing	1,470	918	11,382	22,274
Research and development	'	'	1,122	'
Travel and entertainment	'	1,045	935	1,045
Foreign exchange	-15	-134	273	921
Net loss	-17,537	-36,935	-110,776	-104,853
Translation to reporting currency	671	-756	2,611	-756
Comprehensive loss	($16,866)	($37,691)	($108,165)	($105,609)
Loss per common share - basic and diluted	$0	$0.01	$0.02	$0.02
Weighted common shares outstanding - basic and diluted	7,236,441	6,919,661	7,178,793	6,919,661

Statements_of_Stockholders_Def

Statements of Stockholders' Deficit (USD $)	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Total
Beginning Balance, amount at Oct. 31, 2012	$472,000	($27,180)	'	($348,123)	$96,697
Beginning Balance, shares at Oct. 31, 2012	6,916,661	'	'	'	'
Donated services	'	972	'	'	972
Effect of exchange rate changes on cash	'	'	-756	'	-756
Net loss for the period	'	'	'	-104,853	-104,853
Ending Balance, amount at Jul. 31, 2013	472,000	-26,208	-756	-452,976	-7,940
Ending Balance, shares at Jul. 31, 2013	6,916,661	'	'	'	'
Donated services	'	28	'	'	28
Effect of exchange rate changes on cash	'	'	693	'	693
Net loss for the period	'	'	'	-48,311	-48,311
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	625,000	'	'	'	'
Common stock issued, value	51,375	'	'	'	51,375
Effect of exchange rate changes on cash	'	'	2,611	'	2,611
Net loss for the period	'	'	'	-110,776	-110,776
Ending Balance, amount at Jul. 31, 2014	$523,375	($26,180)	$2,548	($612,063)	($112,320)
Ending Balance, shares at Jul. 31, 2014	7,541,661	'	'	'	'

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	9 Months Ended
	Jul. 31, 2014	Jul. 31, 2013
Cash Flows used in Operating Activities	'	'
Net loss	($110,776)	($104,853)
Adjustment to reconcile net loss to net cash used in operating activities:	'	'
Donated services	'	972
Changes in operating assets and liabilities:	'	'
GST recoverable	1,467	-443
Prepaids	'	-937
Accounts payable and accrued liabilities	52,647	-8,375
Due to related parties	2,913	'
Net cash used in operating activities	-53,749	-113,636
Cash Flows from Financing Activities	'	'
Shares issued	51,375	'
Advances received	2,367	'
Net cash provided by financing activities	53,742	'
Effect of exchange rate changes on cash	1,016	-756
Net increase (decrease) in cash during the period	1,009	-114,392
Cash, beginning of period	4,266	117,120
Cash, end of period	5,275	2,728
Supplemental Disclosure of Cash Flow Information:	'	'
Taxes	'	'
Interest	'	'

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	3 Months Ended
	Jul. 31, 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 are presented in United States dollars and 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 nine months ended July 31, 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 unaudited 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 elected to early adopt the guidance in FASB Topic 915 and no longer provides the disclosure for development stage companies. Accordingly, the figures for the period from inception to the current period are no longer provided. Other recent accounting pronouncements with future effective dates are not expected to have an impact on the Company’s financial statements.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Jul. 31, 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:
		Nine Months Ended July 31,
		2014		2013
	Management fees incurred to a former director	$	--	$	17,755
	Consulting and management fees incurred to a former officer		--		7,500
	Mineral exploration and management fees incurred to a director		4,142		11,837
	Management fees incurred to a former Chief Executive Officer		8,278		--
	Management fees incurred to a former Chief Financial Officer		2,299		--
	Total transactions with related parties	$	14,719	$	37,092
	At July 31, 2014, the Company owed $10,372 (2013 - $7,816) to related parties. The amounts bear no interest, are unsecured and due on demand.
	On July 31, 2014, as part of the private placement announced on July 25, 2014, the Company issued 80,000 shares of its common stock for the total proceeds of $6,000 to its Chief Executive and Chief Financial Officer (Note 5).

License_Agreement_Note

License Agreement, Note	3 Months Ended
	Jul. 31, 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 totaling $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;
	·              $200,000 by January 1, 2015; and
	·              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.
	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
	Jul. 31, 2014
Notes	'
Unproved Mineral Properties	'
	NOTE 4 - UNPROVED MINERAL PROPERTIES
	At July 31, 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
	Jul. 31, 2014
Notes	'
Common Stock, Note	'
	NOTE 5 - COMMON STOCK
	On January 8, 2014, the Company completed a private placement and issued 300,000 shares for gross proceeds of $30,000 and paid finders a cash commission totalling $3,000 associated with this offering.
	On July 31, 2014, the Company completed a private placement and issued 325,000 common shares at a price of $0.075 per share for gross proceeds of $24,375. The Company did not pay any commission in connection with this offering (Note 2).

Subsequent_Event

Subsequent Event	3 Months Ended
	Jul. 31, 2014
Notes	'
Subsequent Event	'
	NOTE 6 - SUBSEQUENT EVENT
	On September 8, 2014, The Company approved a proposed private placement offering of up to 500,000 common shares at a price of $0.20 per share for gross proceeds of $100,000 (the “Offering”).  The Offering will be made to persons who are not residents of the United States and are otherwise not “U.S. Persons” as that term is defined in Rule 902(k) of Regulation S of the U.S. Securities Act of 1933 (the “U.S. Securities Act”).

Organization_and_Basis_of_Pres1

Organization and Basis of Presentation: Basis of Presentation (Policies)	3 Months Ended
	Jul. 31, 2014
Policies	'
Basis of Presentation	'
	Basis of presentation
	The unaudited interim financial statements of the Company are presented in United States dollars and 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 nine months ended July 31, 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
	Jul. 31, 2014
Policies	'
Reclassifications Policy	'
	Reclassifications
	Certain prior period amounts in the accompanying unaudited 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
	Jul. 31, 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
	Jul. 31, 2014
Policies	'
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company has elected to early adopt the guidance in FASB Topic 915 and no longer provides the disclosure for development stage companies. Accordingly, the figures for the period from inception to the current period are no longer provided. Other recent accounting pronouncements with future effective dates are not expected to have an impact on the Company’s financial statements.

Related_Party_Transactions_Sch

Related Party Transactions: Schedule of Related Party Transactions (Tables)	3 Months Ended
	Jul. 31, 2014
Tables/Schedules	'
Schedule of Related Party Transactions	'
		Nine Months Ended July 31,
		2014		2013
	Management fees incurred to a former director	$	--	$	17,755
	Consulting and management fees incurred to a former officer		--		7,500
	Mineral exploration and management fees incurred to a director		4,142		11,837
	Management fees incurred to a former Chief Executive Officer		8,278		--
	Management fees incurred to a former Chief Financial Officer		2,299		--
	Total transactions with related parties	$	14,719	$	37,092

Related_Party_Transactions_Sch1

Related Party Transactions: Schedule of Related Party Transactions (Details) (USD $)	9 Months Ended
	Jul. 31, 2014	Jul. 31, 2013
Related party expenses	$14,719	$37,092
Management fees, former director	'	'
Related party expenses	'	17,755
Consulting and management fees, former officer	'	'
Related party expenses	'	7,500
Exploration and Management fees, Director	'	'
Related party expenses	4,142	11,837
Management fees incurred, CEO	'	'
Related party expenses	8,278	'
Management fees incurred, CFO	'	'
Related party expenses	$2,299	'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014
			Common stock issued to CEO and CFO
Payable to related parties	$10,372	$7,816	'
Shares of common stock issued in private placement	'	'	80,000
Gross proceeds from common stock issued in private placement	'	'	$6,000

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)	9 Months Ended
	Jul. 31, 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 $)	9 Months Ended
	Jul. 31, 2014
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
31-Jul-14	'
Shares of common stock issued in private placement	325,000
Gross proceeds from common stock issued in private placement	$24,375
Price per common share	$0.08

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	Sep. 08, 2014
Details	'
Proposed private placement offering, common shares	500,000
Proposed private placement, gross proceeds	$100,000