Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Apr. 30, 2014 | Aug. 05, 2014 | Oct. 31, 2013 | |
FIXED ASSETS [Abstract] | ' | ' | ' |
Entity Registrant Name | 'Energizer Tennis Inc. | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--04-30 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 2,947,500 | ' |
Entity Public Float | ' | ' | $37,900 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0001551906 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 30-Apr-14 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
BALANCE_SHEETS_Unaudited
BALANCE SHEETS (Unaudited) (USD $) | Apr. 30, 2014 | Apr. 30, 2013 |
CURRENT ASSETS: | ' | ' |
Cash | $44 | $13,920 |
Prepayments | 1,870 | 0 |
Total Current Assets | 1,914 | 13,920 |
FIXED ASSETS | ' | ' |
Plant, Property, Equipment, net of accumulated depreciation of $883 and $521, respectively | 364 | 726 |
Intangibles - instructional videos, net of accumulated amortization of $313 and $0, respectively | 4,503 | 4,815 |
Intangibles- website development, net of accumulated amortization of $2,199 and $1,436, respectively. | 10,976 | 11,739 |
Total Fixed Assets | 15,844 | 17,281 |
TOTAL ASSETS | 17,758 | 31,201 |
CURRENT LIABILITIES: | ' | ' |
Accounts Payable | 966 | 20,400 |
Accrued expenses | 3,900 | 0 |
Advances from Stockholders | 23,730 | 3,278 |
Total Liabilities | 28,596 | 23,678 |
ENERGIZER TENNIS INC. STOCKHOLDERS' EQUITY (DEFICIT): | ' | ' |
Preferred stock, $.001 par value. Authorized 10,000,000 shares, 0 and 0 shares issued and outstanding. | 0 | 0 |
Common stock, $.001 par value. Authorized 100,000,000 shares, 2,974,500 and 2,947,500 shares issued and outstanding. | 2,948 | 2,948 |
Additional Paid-in Capital | 72,571 | 61,693 |
Retained (deficit) during development stage | -86,357 | -57,117 |
Total Energizer Tennis Inc. Stockholders' Equity | -10,838 | 7,524 |
TOTAL LIABILITIES & EQUITY (DEFICIT) | $17,758 | $31,201 |
BALANCE_SHEETS_Parenthetical
BALANCE SHEETS (Parenthetical) (USD $) | Apr. 30, 2014 | Apr. 30, 2013 |
Preferred Stock | ' | ' |
Preferred stock par value (in Dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized (in Shares) | 10,000,000 | 10,000,000 |
Preferred stock, shares issued (in Shares) | 0 | 0 |
Preferred stock, shares outstanding (in Shares) | 0 | 0 |
Common Stock | ' | ' |
Common stock par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized (in Shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in Shares) | 2,947,500 | 2,947,500 |
Common stock, shares outstanding (in Shares) | 2,947,500 | 2,947,500 |
Accumulated depreciation of plant, property, equipment | $833 | $521 |
Accumulated amortization of instructional videos | 313 | 0 |
Accumulated amortization of website development | $2,199 | $1,436 |
STATEMENTS_OF_OPERATIONS_Unaud
STATEMENTS OF OPERATIONS (Unaudited) (USD $) | 12 Months Ended | 34 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | Apr. 30, 2014 | |
Revenue | ' | ' | ' |
Revenues | $0 | $0 | $48 |
Cost of Goods Sold | ' | ' | ' |
Cost of Goods Sold | 0 | 0 | 2 |
Gross Profit | 0 | 0 | 46 |
General & Administrative Expenses | ' | ' | ' |
Depreciation and Amortization | 1,438 | 1,325 | 3,395 |
General & Administrative Expenses | 26,402 | 7,278 | 38,040 |
Professional Fees | 14,400 | 41,387 | 57,968 |
Total General & Administrative Expenses | 42,240 | 49,989 | 99,403 |
Other income | ' | ' | ' |
Debt forgiveness of Accounts Payable | 13,000 | 0 | 13,000 |
Operating loss | -29,240 | -49,989 | -86,357 |
Net profit/ (loss) | ($29,240) | ($49,989) | ($86,357) |
Loss per share | ' | ' | ' |
Basic | ($0.01) | ($0.02) | ' |
Diluted | ($0.01) | ($0.02) | ' |
Weighted average number of common shares outstanding | 2,947,500 | 2,016,581 | ' |
STATEMENT_OF_CHANGES_IN_STOCKH
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $) | Common Stock | Additional Paid-in Capital | Deficit Accumulated During Development Stage | Total |
Beginning Balance, Amount at Jun. 15, 2011 | $0 | $0 | $0 | $0 |
Beginning Balance, Shares at Jun. 15, 2011 | 0 | ' | ' | ' |
Shares issued for cash, Shares | 2,000,000 | ' | ' | ' |
Shares issued for cash, Amount | 2,000 | 18,000 | 0 | 20,000 |
Contribution of facilities rent - related party | ' | 3,140 | ' | 3,140 |
Net loss | ' | ' | -7,127 | -7,127 |
Ending Balance, Amount at Apr. 30, 2012 | 2,000 | 21,140 | -7,127 | 16,013 |
Ending Balance, Shares at Apr. 30, 2012 | 2,000,000 | ' | ' | ' |
Shares issued for cash, Shares | 947,500 | ' | ' | ' |
Shares issued for cash, Amount | 948 | 36,953 | ' | 37,900 |
Contribution of facilities rent - related party | ' | 3,600 | ' | 3,600 |
Forgiveness of debt by former shareholder | ' | ' | ' | 0 |
Contribution of fees | ' | ' | ' | 0 |
Net loss | ' | ' | -49,989 | -49,989 |
Ending Balance, Amount at Apr. 30, 2013 | 2,948 | 61,693 | -57,117 | 7,524 |
Ending Balance, Shares at Apr. 30, 2013 | 2,947,500 | ' | ' | ' |
Contribution of facilities rent - related party | ' | 3,600 | 0 | 3,600 |
Forgiveness of debt by former shareholder | ' | 3,278 | ' | 3,278 |
Contribution of fees | ' | 4,000 | 0 | 4,000 |
Net loss | ' | ' | -29,240 | -29,240 |
Ending Balance, Amount at Apr. 30, 2014 | $2,948 | $72,571 | ($86,357) | ($10,838) |
Ending Balance, Shares at Apr. 30, 2014 | 2,947,500 | ' | ' | ' |
STATEMENT_OF_CHANGES_IN_STOCKH1
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) (USD $) | Apr. 18, 2013 | Jun. 24, 2011 |
Comon Stock Issued For Cash | ' | ' |
Common shares issued for cash, per share price - instant | $0.04 | $0.01 |
STATEMENTS_OF_CASH_FLOWS_Unaud
STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 12 Months Ended | 34 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | Apr. 30, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' |
Net loss | ($29,240) | ($49,989) | ($86,357) |
Adjustments to reconcile Net Loss to net cash provided by operations: | ' | ' | ' |
Depreciation and Amortization | 1,438 | 1,325 | 3,395 |
Forgiveness of Debt by related party | 3,278 | 0 | 3,278 |
Additional paid-in capital in exchange for facilities provided by related party | 3,600 | 3,600 | 10,340 |
Additional paid-in capital in exchange for contributed services | 4,000 | 0 | 4,000 |
Changes in current assets and liabilities: | ' | ' | ' |
Increase/Decrease in accounts payable | -19,434 | 20,400 | 966 |
Increase/Decrease in accrued expenses | 3,900 | 0 | 3,900 |
Advances from Stockholders | 20,452 | 3,278 | 23,730 |
Increase/Decrease in prepayments | -1,870 | 0 | -1,870 |
Net cash used in Operating Activities | -13,876 | -21,387 | -38,618 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' |
Furniture and Equipment | 0 | 0 | -1,247 |
Intangibles | 0 | -4,816 | -17,991 |
Net cash used in Investing Activities | 0 | -4,816 | -19,238 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' |
Proceeds from sale of common stock | 0 | 37,900 | 57,900 |
Retained Earnings | 0 | 0 | 0 |
Debts waived by former director/shareholder | 0 | 0 | 0 |
Net cash provided by Financing Activities | 0 | 37,900 | 57,900 |
Net cash increase for period | -13,876 | 11,697 | 44 |
Cash at beginning of period | 13,920 | 2,223 | 0 |
Cash at end of period | $44 | $13,920 | $44 |
NOTE_1_BACKGROUND_INFORMATION
NOTE 1. BACKGROUND INFORMATION | 12 Months Ended |
Apr. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
NOTE 1. BACKGROUND INFORMATION | ' |
NOTE 1. BACKGROUND INFORMATION | |
Organization and Business | |
Energizer Tennis Inc. was incorporated on June 16, 2011 in the State of Nevada for the purpose of developing, producing and selling instructional tennis videos to the global tennis community. The videos are available to view or download online, either via our website or via iTunes where our apps are available. Consumers can pay for an annual online subscription to the website which gives access to instructional videos and a host of expert tennis advice. Additionally, per download charges allow consumers to purchase our apps online. Our target market varies from beginners to individuals who compete regularly including all tennis enthusiasts wanting to improve any aspect of their game. | |
Development stage entity | |
The Company is a development stage company as defined by ASC 915, Development Stage Entities. The Company is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company's development stage activities. | |
The Company has elected April 30 as its fiscal year end. | |
NOTE_2_SUMMARY_OF_SIGNIFICANT_
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended | ||
Apr. 30, 2014 | |||
Accounting Policies [Abstract] | ' | ||
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' | ||
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||
Basis of presentation | |||
The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC. The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States (See Note 3 regarding the assumption that the Company is a “going concern”). | |||
Use of estimates | |||
The preparation of financial statements in conformity with GAAP in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | |||
Earnings (Loss) Per Share | |||
The Company computes basic and diluted earnings per share amounts in accordance with ASC Topic 260, Earnings per Share. Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company. Diluted earnings per share is not presented due to the net loss and presentation would be anti-dilutive. There were no common stock equivalents as of April 30, 2014. | |||
Cash and Cash Equivalents | |||
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents were $44 and $13,920 at April 30, 2014 and April 30, 2013, respectively. | |||
Cash Flows Reporting | |||
The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by ASC 230 to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period. | |||
Fair Value of Financial Instruments | |||
The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. | |||
FASB Accounting Standards Codification ASC 820, Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below: | |||
Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. | |||
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or 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); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |||
Level 3: Inputs that are both significant to the fair value measurement and unobservable. | |||
Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of April 30, 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, accrued compensation and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms which is not significantly different from its stated value. | |||
The Company applied ASC 820 for all non-financial assets and liabilities measured at fair value on a non-recurring basis. The adoption of ASC 820 for non-financial assets and liabilities did not have a significant impact on the Company’s financial statements. | |||
Inventories | |||
As of April 30, 2014 and 2013 the Company held no inventory. | |||
Revenue Recognition | |||
The Company is in the development stage and has yet to realize significant revenues from principal planned operations. It plans to realize revenues from the sale of instructional tennis videos. The Company follows FASB ASC 605, Revenue Recognition and recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: | |||
1 | persuasive evidence of an arrangement exists; | ||
2 | the product has been shipped or the services have been rendered to the customer; | ||
3 | the sales price is fixed or determinable; and, | ||
4 | collectability is reasonably assured. | ||
Major revenue activities are expected to be generated from the sale of instructional tennis videos, providing professional tennis coaching, providing access to online player management tools including tournament program scheduling, nutrition programs, injury prevention booklets, arranging tennis holidays, sale of company branded merchandise. | |||
Income Taxes | |||
The Company accounts for income taxes under FASB ASC 740, Income Taxes. Under the asset and liability method of FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements 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. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. | |||
A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. | |||
The Company files income tax returns in the United States which are subject to examination by tax authorities in these jurisdictions. Generally, three years of returns remain subject to examination by major tax jurisdictions. The state impact, if any, of any federal changes to prior year remains subject to examination for a period of up to five years after formal notification to the states. | |||
The Company has evaluated tax positions in accordance with ASC 740, Income taxes, and has not identified any significant tax positions, other than those disclosed. | |||
Long-Lived Assets | |||
Property and equipment is stated at cost. Depreciation is computed by the straight-line method over estimated useful lives (3-7 years). Intellectual property assets are stated at their fair value acquisition cost. Amortization of intellectual property assets is calculated by the straight line method over their estimated useful lives (15 years). Historical costs are reviewed and evaluated for the net realizable value of the assets. The carrying amount of all long-lived assets is evaluated periodically to determine if adjustment to the depreciation and amortization period or the unamortized balance is warranted. Based upon its most recent analysis, the Company believes that no impairment of long-lived assets existed at April 30, 2014. | |||
Long-lived assets such as property and equipment and identifiable intangibles are reviewed for impairment whenever facts and circumstances indicate that the carrying value may not be recoverable. When required impairment losses on assets to be held and used are recognized based on the fair value of the asset. The fair value is determined based on estimates of future cash flows, market value of similar assets, if available, or independent appraisals, if required. If the carrying amount of the long-lived asset is not recoverable from its undiscounted cash flows, an impairment loss is recognized for the difference between the carrying amount and fair value of the asset. When fair values are not available, the Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risk associated with the recovery of the assets. We did not recognize any impairment losses for any periods presented. | |||
Foreign Currency | |||
The Company’s functional currency is the United States Dollar (USD) and its reporting currency is also the USD. Foreign currency transactions are primarily undertaken in the British Pound (GBP). | |||
The financial statements of the Company are translated to USD in accordance with ASC 830, Foreign Currency Translation Matters. Assets and liabilities are translated at the current exchange rate prevailing at the balance sheet date. Equity accounts are translated at historical amounts. Revenues and expenses are translated using average rates during the year. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in Stockholders’ Equity. | |||
Commitments and Contingencies | |||
The Company follows ASC 450-20, Loss Contingencies to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no commitments nor contingencies as of April 30, 2014 and April 30, 2013. | |||
Related parties | |||
The Company follows ASC 850, Related Party Disclosures for the identification of related parties and disclosure of related party transactions. | |||
Shipping Costs | |||
The company incurs no shipping costs as products and services are web-based and sales are completed on line. | |||
NOTE_3_GOING_CONCERN
NOTE 3. GOING CONCERN | 12 Months Ended |
Apr. 30, 2014 | |
Note 3. Going Concern | ' |
NOTE 3. GOING CONCERN | ' |
NOTE 3 GOING CONCERN | |
The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenue sufficient to cover its operating costs and allow it to continue as a going concern. As a result, the Company has a net loss, negative operating cash flow, and an accumulated deficit. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. | |
Management’s plan to obtain such resources for the Company include, obtaining loans from management and significant stockholders sufficient to meet its minimal operating expenses. Additionally, management hopes to raise equity funding. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. | |
There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. | |
NOTE_4_RECENTLY_ISSUED_ACCOUNT
NOTE 4. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS | 12 Months Ended |
Apr. 30, 2014 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
NOTE 4. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS | ' |
NOTE 4. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS | |
In June 2014, the FAAB issued ASU 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. The amendments in this update remove all incremental financial reporting requirements from U.S. GAAP for development stage entities and also eliminate an exception provided to development stage entities in Topic 810, Consolidation, for determining whether an entity is a variable interest entity on the basis of the amount of investment equity that is at risk. These amendments are effective for annual reporting periods beginning after December 15, 2014, and interim periods therein. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued (public business entities) or made available for issuance (other entities). As the objective of the amendments in this Update is to improve financial reporting by reducing the cost and complexity associated with the incremental reporting requirements for development stage entities adoption of this guidance is not expected to impact our financial position or results of operations. | |
In December 2013, the FASB issued ASU 2013-12, Definition of a Public Entity. This newly issued accounting standard establishes one definition of public business entity for future use in U.S. GAAP. The amendment does not affect existing requirements. There is no actual effective date for the amendment in this Update. Adoption of this guidance did not impact our financial position or results of operations. | |
In July 2013, the FASB issued ASU2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This newly issued accounting standard does not require new recurring disclosures. This ASU is effective for reporting periods beginning after December 15, 2013, with early adoption permitted. As the objective of this accounting standard is to provide guidance on the presentation of unrecognized tax benefits and the settling of income taxes resulting from disallowances of tax positions. Adoption of this guidance did not impact our financial position or results of operations. | |
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. This newly issued accounting standard requires an entity to present either in a single note or parenthetically on the face of the financial statements; the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source. If a component is not required to be reclassified to net income in its entirety, it is cross-referenced to the related footnote for additional information. This ASU is effective for reporting periods beginning after December 15, 2012, with early adoption permitted. As the objective of this accounting standard is to improve the reporting of classifications out of accumulated other comprehensive income and the information is already required to be disclosed elsewhere in the financial statements the adoption of this standard has not impacted our financial position or results of operations. | |
In January 2013, the FASB issued ASU 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. This newly issued accounting standard clarifies that the scope of ASU 2011-11 applies to derivatives, including bifurcated embedded derivatives, repurchase agreements, and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement or similar agreement. This ASU is required to be applied retrospectively and is effective for fiscal years, and interim periods within those years, beginning on or after January 1, 2013. As this accounting standard only requires enhanced disclosure, the adoption of this standard has not impacted our financial position or results of operations.. | |
In July 2012, the FASB issued ASU 2012-02, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. This newly issued accounting standard simplifies how an entity tests indefinite-lived intangible assets by permitting an entity to first 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. The more likely than not threshold is defined as having a likelihood of more than 50 percent. This ASU is effective for annual and interim impairment tests for fiscal years beginning after September 15, 2012. As the objective is to reduce the cost and complexity of impairment testing, adoption of this standard has not impacted our financial position or results of operations. | |
Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company. Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements. | |
NOTE_5_PREPAID_EXPENSE
NOTE 5. PREPAID EXPENSE | 12 Months Ended |
Apr. 30, 2014 | |
Notes to Financial Statements | ' |
NOTE 5. PREPAID EXPENSE | ' |
NOTE 5. PREPAID EXPENSES | |
Prepaid expense totaled $1,870 and $0 at April 30, 2014 and 2013, respectively; and consisted solely of a single legal retainer. | |
NOTE_6_PROPERTY_AND_EQUIPMENT
NOTE 6. PROPERTY AND EQUIPMENT | 12 Months Ended | |||
Apr. 30, 2014 | ||||
Note 6. Property And Equipment | ' | |||
NOTE 6. PROPERTY AND EQUIPMENT | ' | |||
NOTE 6. PROPERTY AND EQUIPMENT | ||||
Property consists of equipment purchased for the production of revenues. As of April 30: | ||||
2013 | 2012 | |||
Property and equipment | 1,247 | 1,247 | ||
Less accumulated depreciation | 883 | 521 | ||
Property and equipment, net | 364 | 726 | ||
Assets are depreciated over their useful lives beginning when placed in service. Depreciation expenses were $362 and $521 for the years ended April 30, 2014 and 2013, respectively. | ||||
NOTE_7_INTANGIBLES
NOTE 7. INTANGIBLES | 12 Months Ended | |||
Apr. 30, 2014 | ||||
Finite-Lived Intangible Assets, Net [Abstract] | ' | |||
NOTE 7. INTANGIBLES | ' | |||
NOTE 7. INTANGIBLES | ||||
Intangibles consist of website development for the production of revenues. As of April 30: | ||||
2014 | 2013 | |||
Website development | 13,175 | 13,175 | ||
Instructional videos | 4,816 | 4,816 | ||
Less accumulated amortization | 2,512 | 1,436 | ||
Intangibles, net | 15,479 | 16,555 | ||
Intangible assets are amortized over their useful lives beginning when placed in service. Amortization expenses were $1,438 and $1,325 for the years ended April 30, 2014 and 2013, respectively. Estimated aggregate amortization expense is $1,200 for each of the next five years. | ||||
NOTE_8_INCOME_TAXES
NOTE 8. INCOME TAXES | 12 Months Ended |
Apr. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
NOTE 8. INCOME TAXES | ' |
NOTE 8. INCOME TAXES | |
The Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability to generate taxable income in future periods. The tax benefit for the periods presented is offset by a valuation allowance established against deferred tax assets arising from the net operating losses and other temporary differences, the realization of which could not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts to be more likely than not. As of April 30, 2014, the Company has incurred net losses of $86,300, resulting in a net operating loss for income tax purposes. NOLs begin expiring in 2032. The loss results in a deferred tax asset of approximately $30,200 at the effective statutory rate of 35%. The deferred tax asset has been off-set by an equal valuation allowance. | |
NOTE_9_COMMITMENTS_AND_CONTING
NOTE 9. COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Apr. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
NOTE 9. COMMITMENTS AND CONTINGENCIES | ' |
NOTE 9. COMMITMENTS AND CONTINGENCIES | |
Litigation | |
The Company is not presently involved in any litigation. | |
Lease Obligations | |
At April 30, 2014, the Company does not have any capital or operating leases. The Company uses office space with a value of $300 per month that is contributed in kind by the Company's CEO. | |
NOTE_10_RELATED_PARTY_TRANSACT
NOTE 10. RELATED PARTY TRANSACTIONS | 12 Months Ended |
Apr. 30, 2014 | |
Related Party Transactions [Abstract] | ' |
NOTE 10. RELATED PARTY TRANSACTIONS | ' |
NOTE 10. RELATED PARTY TRANSACTIONS | |
On June 24, 2011, officers-directors purchased 2,000,000 common shares, at a price of $0.01 per share at a total price of $20,000. | |
On May 26, 2013, Alexander Farquharson, our President, Secretary, Director, purchased 1,000,000 shares of Company stock from Daniel Martinez (former Treasurer and Director) for $10,000 USD in a private transaction. Mr. Farquharson used his personal funds to pay for the stock. As a result of this stock acquisition, Mr. Farquharson is now the holder of 68% of the issued and outstanding stock of the Company, and is thus the sole controlling shareholder. There are no arrangements or understandings between Mr. Farquharson and Daniel Martinez with respect to the election of directors or other matters. | |
The Company neither owns nor leases any real or personal property. An officer has provided office space without charge. Rental costs have been included in the financial statements as additional paid-in capital. Rent expense was $3,600 and $3,3,600 for the years ending April 30, 2014 and 2013. | |
Advances from stockholders | |
From time to time, stockholders of the Company advance funds to the Company for working capital purposes. Those advances are unsecured, non-interest bearing and due on demand. | |
Stockholders of the Company advanced $24,987 and $3,278 to the Company for working capital purposes during the years ended April 30, 2014 and 2013, respectively. During 2014 $3,278 was forgiven and contributed to capital and $1,257 was repaid in cash. | |
Other | |
The Company neither owns nor leases any real or personal property. An officer has provided office space without charge. Rental costs have been included in the financial statements as additional paid-in capital. Rent expense was $3,600 for the years ending April 30, 2014 and 2013. | |
The officers and directors are currently involved in other business activities and most likely will become involved in additional business activities in the future | |
NOTE_11_SHAREHOLDERS_EQUITY
NOTE 11. SHAREHOLDERS' EQUITY | 12 Months Ended |
Apr. 30, 2014 | |
Equity [Abstract] | ' |
NOTE 11. SHAREHOLDERS' EQUITY | ' |
NOTE 11. SHAREHOLDERS’ EQUITY | |
Common Stock | |
The authorized common stock of the Company consists of 100,000,000 shares with a par value of $0.001. There were 2,947,500 shares of common stock issued and outstanding as of April 30, 2014. | |
947,500 common shares were issued to 27 investors in the Company’s S-1 offering for the aggregate sum of $39,700 in cash. The Regulation S-1 offering was declared effective by the Securities and Exchange Commission on October 23, 2012 and completed on April 18, 2013. | |
The Company does not have any potentially dilutive instruments as of April 30, 2014 and, thus, anti-dilution issues are not applicable. | |
Preferred Stock | |
The authorized preferred stock of the Company consists of 10,000,000 shares with a par value of $0.001. The Company has not issued any shares of Class A Convertible Preferred Stock as of April 30, 2014. | |
Pertinent Rights and Privileges | |
Holders are not entitled to pre-emptive or referential rights to subscribe to unissued stock or other securities. Holders do not have cumulative voting rights. Preferred stockholders of Class A Convertible Preferred Stock do not have a right to vote such shares. | |
Additional Paid In Capital | |
One of our officers contributed office space in each of the years ending April 30, 2014 and 2013 and valued at $3,600. | |
A non-related party contributed accounting and tax services totaling $4,000 in the year ending April 30, 2014. | |
NOTE_12_SUBSEQUENT_EVENTS
NOTE 12. SUBSEQUENT EVENTS | 12 Months Ended |
Apr. 30, 2014 | |
Subsequent Events [Abstract] | ' |
NOTE 12. SUBSEQUENT EVENTS | ' |
NOTE 12. SUBSEQUENT EVENTS | |
Management has evaluated subsequent events through the date these financial statements were issued. Based on our evaluation no events have occurred requiring adjustment or disclosure to the financial statements. |
NOTE_2_SUMMARY_OF_SIGNIFICANT_1
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended | ||
Apr. 30, 2014 | |||
Accounting Policies [Abstract] | ' | ||
Basis of Presentation | ' | ||
Basis of Presentation | |||
The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC. The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States (See Note 3 regarding the assumption that the Company is a “going concern”). | |||
Use of Estimates | ' | ||
Use of Estimates | |||
The preparation of financial statements in conformity with GAAP in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | |||
Earnings (Loss) Per Share | ' | ||
Earnings (Loss) Per Share | |||
The Company computes basic and diluted earnings per share amounts in accordance with ASC Topic 260, Earnings per Share. Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company. Diluted earnings per share is not presented due to the net loss and presentation would be anti-dilutive. There were no common stock equivalents as of April 30, 2014. | |||
Cash and Cash Equivalents | ' | ||
Cash and Cash Equivalents | |||
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents were $44 and $13,920 at April 30, 2014 and April 30, 2013, respectively. | |||
Cash Flows Reporting | ' | ||
Cash Flows Reporting | |||
The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by ASC 230 to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period. | |||
Fair Value of Financial Instruments | ' | ||
Fair Value of Financial Instruments | |||
The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. | |||
FASB Accounting Standards Codification ASC 820, Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below: | |||
Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. | |||
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or 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); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |||
Level 3: Inputs that are both significant to the fair value measurement and unobservable. | |||
Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of April 30, 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, accrued compensation and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms which is not significantly different from its stated value. | |||
The Company applied ASC 820 for all non-financial assets and liabilities measured at fair value on a non-recurring basis. The adoption of ASC 820 for non-financial assets and liabilities did not have a significant impact on the Company’s financial statements. | |||
Inventories | ' | ||
Inventories | |||
As of April 30, 2014 and 2013 the Company held no inventory. | |||
Revenue Recognition | ' | ||
Revenue Recognition | |||
The Company is in the development stage and has yet to realize significant revenues from principal planned operations. It plans to realize revenues from the sale of instructional tennis videos. The Company follows FASB ASC 605, Revenue Recognition and recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: | |||
1 | persuasive evidence of an arrangement exists; | ||
2 | the product has been shipped or the services have been rendered to the customer; | ||
3 | the sales price is fixed or determinable; and, | ||
4 | collectability is reasonably assured. | ||
Major revenue activities are expected to be generated from the sale of instructional tennis videos, providing professional tennis coaching, providing access to online player management tools including tournament program scheduling, nutrition programs, injury prevention booklets, arranging tennis holidays, sale of company branded merchandise. | |||
Income Taxes | ' | ||
Income Taxes | |||
The Company accounts for income taxes under FASB ASC 740, Income Taxes. Under the asset and liability method of FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements 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. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. | |||
A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. | |||
The Company files income tax returns in the United States which are subject to examination by tax authorities in these jurisdictions. Generally, three years of returns remain subject to examination by major tax jurisdictions. The state impact, if any, of any federal changes to prior year remains subject to examination for a period of up to five years after formal notification to the states. | |||
The Company has evaluated tax positions in accordance with ASC 740, Income taxes, and has not identified any significant tax positions, other than those disclosed. | |||
Long-Lived Assets | ' | ||
Long-Lived Assets | |||
Property and equipment is stated at cost. Depreciation is computed by the straight-line method over estimated useful lives (3-7 years). Intellectual property assets are stated at their fair value acquisition cost. Amortization of intellectual property assets is calculated by the straight line method over their estimated useful lives (15 years). Historical costs are reviewed and evaluated for the net realizable value of the assets. The carrying amount of all long-lived assets is evaluated periodically to determine if adjustment to the depreciation and amortization period or the unamortized balance is warranted. Based upon its most recent analysis, the Company believes that no impairment of long-lived assets existed at April 30, 2014. | |||
Long-lived assets such as property and equipment and identifiable intangibles are reviewed for impairment whenever facts and circumstances indicate that the carrying value may not be recoverable. When required impairment losses on assets to be held and used are recognized based on the fair value of the asset. The fair value is determined based on estimates of future cash flows, market value of similar assets, if available, or independent appraisals, if required. If the carrying amount of the long-lived asset is not recoverable from its undiscounted cash flows, an impairment loss is recognized for the difference between the carrying amount and fair value of the asset. When fair values are not available, the Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risk associated with the recovery of the assets. We did not recognize any impairment losses for any periods presented. | |||
Foreign Currency | ' | ||
Foreign Currency | |||
The Company’s functional currency is the United States Dollar (USD) and its reporting currency is also the USD. Foreign currency transactions are primarily undertaken in the British Pound (GBP). | |||
The financial statements of the Company are translated to USD in accordance with ASC 830, Foreign Currency Translation Matters. Assets and liabilities are translated at the current exchange rate prevailing at the balance sheet date. Equity accounts are translated at historical amounts. Revenues and expenses are translated using average rates during the year. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in Stockholders’ Equity. | |||
Commitments and Contingencies | ' | ||
Commitments and Contingencies | |||
The Company follows ASC 450-20, Loss Contingencies to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no commitments nor contingencies as of April 30, 2014 and April 30, 2013. | |||
Related parties | ' | ||
Related parties | |||
The Company follows ASC 850, Related Party Disclosures for the identification of related parties and disclosure of related party transactions. | |||
Shipping Costs | ' | ||
Shipping Costs | |||
The company incurs no shipping costs as products and services are web-based and sales are completed on line. | |||
NOTE_6_PROPERTY_AND_EQUIPMENT_
NOTE 6. PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended | |||
Apr. 30, 2014 | ||||
Note 6. Property And Equipment | ' | |||
Property and Equipment | ' | |||
April 30, | April 30, | |||
2014 | 2012 | |||
Property and equipment | $1,247 | 1,247 | ||
Less accumulated depreciation | 883 | 521 | ||
Property and equipment, net | 364 | 726 |
NOTE_7_INTANGIBLES_Tables
NOTE 7. INTANGIBLES (Tables) | 12 Months Ended | |||
Apr. 30, 2014 | ||||
Finite-Lived Intangible Assets, Net [Abstract] | ' | |||
Intangibles | ' | |||
2014 | 2013 | |||
Website development | 13,175 | 13,175 | ||
Instructional videos | 4,816 | 4,816 | ||
Less accumulated amortization | 2,512 | 1,436 | ||
Intangibles, net | 15,479 | 16,555 |
NOTE_2_SUMMARY_OF_SIGNIFICANT_2
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $) | 12 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Accounting Policies [Abstract] | ' | ' |
Cash and Cash Equivalents | $44 | $13,920 |
Minimum estimated useful life of property and equipment | '5 years | ' |
Maximum estimated useful life of property and equipment | '7 years | ' |
Amortization of intellectual property assets calculated by straight line method over estimate useful life period | '15 years | ' |
Share based compensation plans | 0 | 0 |
Stock issued for services, value | 0 | 0 |
Shipping costs incurred | 0 | ' |
Commitments and contingencies | $0 | $0 |
NOTE_5_PREPAID_EXPENSE_Details
NOTE 5. PREPAID EXPENSE (Details Narrative) (USD $) | Apr. 30, 2014 | Apr. 30, 2013 |
Notes to Financial Statements | ' | ' |
Prepaid expense | $1,870 | $0 |
NOTE_6_PROPERTY_AND_EQUIPMENT_1
NOTE 6. PROPERTY AND EQUIPMENT (Details) (USD $) | Apr. 30, 2014 | Apr. 30, 2013 |
Note 6. Property And Equipment | ' | ' |
Property and equipment | $13,175 | $13,175 |
Less accumulated depreciation | 883 | 521 |
Property and equipment, net | $364 | $726 |
NOTE_6_PROPERTY_AND_EQUIPMENT_2
NOTE 6. PROPERTY AND EQUIPMENT (Details Narrative) (USD $) | 12 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Note 6. Property And Equipment | ' | ' |
Depreciation expenses | $362 | $521 |
NOTE_7_INTANGIBLES_Details
NOTE 7. INTANGIBLES (Details) (USD $) | Apr. 30, 2014 | Apr. 30, 2013 |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Website development | $13,175 | $13,175 |
Instructional videos | 4,816 | 4,816 |
Less accumulated amortization | 2,512 | 1,436 |
Intangibles, net | $15,479 | $16,555 |
NOTE_7_INTANGIBLES_Details_Nar
NOTE 7. INTANGIBLES (Details Narrative) (USD $) | 12 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Amortization expenses | $1,438 | $1,325 |
Estimated aggregate amortization expense per year for next five years | $1,200 | ' |
NOTE_8_INCOME_TAXES_Details_Na
NOTE 8. INCOME TAXES (Details Narrative) (USD $) | 12 Months Ended |
Apr. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Net operating loss carry forwards | $86,300 |
Gross deferred tax assets | 30,200 |
Valuation allowance | $30,200 |
Gross deferred tax assets expected rate | 35.00% |
NOLs begin expiring in year | '2032 |
NOTE_9_COMMITMENTS_AND_CONTING1
NOTE 9. COMMITMENTS AND CONTINGENCIES (Details Narrative) (USD $) | Apr. 30, 2014 |
Commitments and Contingencies Disclosure [Abstract] | ' |
Capital Lease Obligations | $0 |
Operating Lease Obligations | 0 |
Office space value contributed by the CEO monthly | $300 |
NOTE_10_RELATED_PARTY_TRANSACT1
NOTE 10. RELATED PARTY TRANSACTIONS (Details Narrative) (USD $) | 12 Months Ended | |||
Apr. 30, 2014 | Apr. 30, 2013 | 26-May-13 | Jun. 24, 2011 | |
Related Party Transactions [Abstract] | ' | ' | ' | ' |
Common shares purchased by officers-directors, shares | ' | ' | ' | 2,000,000 |
Common shares purchased by officers-directors, price per share | ' | ' | ' | $0.01 |
Common shares purchased by officers-directors, value | ' | ' | ' | $20,000 |
President purchased shares from former Treasurer, shares | ' | ' | 1,000,000 | ' |
President purchased shares from former Treasurer, value | ' | ' | 10,000 | ' |
President ownership percentage in company equity | ' | ' | 68.00% | ' |
Rent expense | 3,600 | 3,600 | ' | ' |
Advances from stockholders | 24,987 | 3,278 | ' | ' |
Advances from stockholders repaid in cash | 1,257 | ' | ' | ' |
Forgiveness of debts outstanding due to stockholders recored as contributed capital | 3,278 | ' | ' | ' |
Officer advances in aggregate for working capital | $3,278 | ' | ' | ' |
NOTE_11_SHAREHOLDERS_EQUITY_De
NOTE 11. SHAREHOLDERS' EQUITY (Details Narrative) (USD $) | 12 Months Ended | 34 Months Ended | ||
Apr. 30, 2014 | Apr. 30, 2013 | Apr. 30, 2014 | Apr. 18, 2013 | |
Common Stock | ' | ' | ' | ' |
Common shares issued in S-1 offering, shares | ' | ' | ' | 947,500 |
Common shares issued in S-1 offering, value | ' | ' | ' | $39,700 |
Effective date of S-1 offering | 23-Oct-12 | ' | ' | ' |
Completion date of S-1 offering | 18-Apr-13 | ' | ' | ' |
Common stock par value (in Dollars per share) | $0.00 | $0.00 | $0.00 | ' |
Common stock, shares authorized (in Shares) | 100,000,000 | 100,000,000 | 100,000,000 | ' |
Common stock, shares issued (in Shares) | 2,947,500 | 2,947,500 | 2,947,500 | ' |
Preferred Stock | ' | ' | ' | ' |
Preferred stock par value (in Dollars per share) | $0.00 | $0.00 | $0.00 | ' |
Preferred stock, shares authorized (in Shares) | 10,000,000 | 10,000,000 | 10,000,000 | ' |
Preferred stock, shares issued (in Shares) | 0 | 0 | 0 | ' |
Additional Paid In Capital | ' | ' | ' | ' |
Non-related party contributed accounting and tax services, value | $4,000 | $0 | $4,000 | ' |