Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Sep. 30, 2013 | Nov. 12, 2013 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | 'Homie Recipes, Inc. | ' |
Entity Central Index Key | '0001555571 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--06-30 | ' |
Is Entity a Well-known Seasoned Issuer? | 'No | ' |
Is Entity a Voluntary Filer? | 'No | ' |
Is Entity's Reporting Status Current? | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 69,819,980 |
Document Fiscal Period Focus | 'Q1 | ' |
Document Fiscal Year Focus | '2014 | ' |
Balance_Sheets
Balance Sheets (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
CURRENT ASSETS | ' | ' |
Cash | $0 | $0 |
TOTAL CURRENT ASSETS | 0 | 0 |
CURRENT LIABILITIES | ' | ' |
Accounts payable and accrued liabilities | 14,115 | 0 |
Due to Related Party | 51,820 | 43,780 |
TOTAL CURRENT LIABILITIES | 65,935 | 43,780 |
STOCKHOLDERS' DEFICIT | ' | ' |
Capital stock Authorized 200,000,000 shares of common stock, $0.001 par value, Issued and outstanding 69,819,980 shares of common stock (1,065,000,000 at June 30, 2012) | 69,820 | 69,820 |
Additional Paid in Capital | -57,080 | -57,080 |
Deficit accumulated during the development stage | -78,675 | -56,520 |
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT) | -65,935 | -43,780 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) | $0 | $0 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
Statement of Financial Position [Abstract] | ' | ' |
Common Stock, Par Value Per Share | $0.00 | $0.00 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Shares Outstanding | 69,819,980 | 1,065,000,000 |
Statements_of_Operations
Statements of Operations (USD $) | 3 Months Ended | 15 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Income Statement [Abstract] | ' | ' | ' |
Revenues | ' | ' | ' |
Office and general | ' | -801 | -14,055 |
Professional Fees | -22,155 | -5,250 | -64,620 |
Total Expenses, before provision of income taxes | -22,155 | -6,051 | -78,675 |
Net Loss | ($22,155) | ($6,051) | ($78,675) |
BASIC AND DILUTED LOSS PER COMMON SHARE | $0 | $0 | ' |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 69,819,980 | 1,065,000,000 | ' |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 3 Months Ended | 15 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Statement of Cash Flows [Abstract] | ' | ' | ' |
Net Loss | ($22,155) | ($6,051) | ($78,675) |
Increase (decrease) in accounts payable and accrued liabilities | 14,115 | 50 | 14,115 |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | -8,040 | -6,001 | -64,560 |
Proceeds from Issuance of common stock | ' | ' | 12,750 |
Redemption of Common Stock | ' | ' | -10 |
Advances from related party | 8,040 | ' | 51,820 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 8,040 | ' | 64,560 |
NET INCREASE ( DECREASE) IN CASH | ' | -6,001 | ' |
CASH, BEGINNING OF PERIOD | ' | 6,500 | ' |
CASH, END OF PERIOD | ' | 499 | ' |
Supplemental cash flow disclosures: | ' | ' | ' |
Cash paid for interest | ' | ' | ' |
Cash paid for income taxes | ' | ' | ' |
NOTE_1_NATURE_OF_OPERATIONS_AN
NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION | 3 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION | ' |
NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION | |
The Company was incorporated in the State of Nevada on June 22, 2012 and established a fiscal year end of June 30. It is a Development Stage Company that intends to stream videos and written recipes through a yet to be developed website. Our goal is to stream free recipes for ‘special’ homemade food. We intend to have recipes with a special personal meaning on our website. | |
The Company has not yet commenced any significant operations and, in accordance with ASC Topic 915, the Company is considered a development stage company. The Company is in the initial development stage and has incurred losses since inception totaling $78,675. |
NOTE_2_SUMMARY_OF_SIGNIFICANT_
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' |
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Going Concern | |
The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company does not have material assets, nor does it have operations or a source of revenue sufficient to cover its operating costs and allow it to continue as a going concern. The Company has an accumulated deficit since inception of $78,675. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company is funding its initial operations by issuing Founder’s shares for cash. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or the amounts of and classification of liabilities that might be necessary in the event the company cannot continue in existence. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. | |
The officers and directors have committed to advancing certain operating costs of the Company, including legal, audit, transfer agency and edgarizing costs. | |
Basis of Presentation | |
The accompanying unaudited interim consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”). and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s latest annual report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the unaudited interim consolidated financial statements that would substantially duplicate the disclosures contained in the audited consolidated financial statements for fiscal year 2012, as reported in the Form 10-K, have been omitted. | |
Cash and Cash Equivalents | |
For the purposes of the statements of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. | |
Use of Estimates and Assumptions | |
Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. | |
Income Taxes | |
The Company follows the liability method of accounting for 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 balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment. | |
Net Loss per Common Share | |
Basic net loss per common share includes no dilution and is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive net loss per share reflects the potential dilution of securities that could share in the losses of the Company. In periods when losses are reported, the diluted weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. There were no potentially dilutive securities as of September 30, 2013. | |
Subsequent Events | |
The Company evaluated subsequent events from September 30, 2013 through the date when financial statements are issued for disclosure consideration. | |
Recent Accounting Pronouncements | |
The Company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the Company’s financial statement. |
NOTE_3_CAPITAL_STOCK
NOTE 3 - CAPITAL STOCK | 3 Months Ended |
Sep. 30, 2013 | |
Equity [Abstract] | ' |
NOTE 3 - CAPITAL STOCK | ' |
NOTE 3 - CAPITAL STOCK | |
The Company is authorized to issue 200,000,000 common shares. | |
On June 29, 2012, the Company issued 1,065,000,000 common shares to the founder of the Company for $7,500. | |
In November 2012, the Company issued 29,820,000 common shares for $5,250. | |
On December 4, 2012, the Company redeemed 1,025,000,020 shares of the Company’s Common Stock for $10. On the same day, the Board of Directors approved a stock split of the Company’s issued and outstanding shares of common stock, par value $0.001 at a ratio of 1:142, such that every 1 share of common stock becomes 142 shares of common stock, amending the Company’s total number of authorized common shares to 200,000,000 common shares. All share numbers and per share information presented give effect to the stock split. | |
The Company has a total of 69,819,980 shares issued and outstanding at September 30, 2013. |
NOTE_4_RELATED_PARTY_TRANSACTI
NOTE 4 - RELATED PARTY TRANSACTIONS | 3 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' |
NOTE 4 - RELATED PARTY TRANSACTIONS | ' |
NOTE 4 – RELATED PARTY TRANSACTIONS | |
The amounts due to related party of $51,820 at September 30, 2013 represent a shareholder advance accruing no interest and with no repayment terms. |
NOTE_2_SUMMARY_OF_SIGNIFICANT_1
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Going Concern | ' |
Going Concern | |
The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company does not have material assets, nor does it have operations or a source of revenue sufficient to cover its operating costs and allow it to continue as a going concern. The Company has an accumulated deficit since inception of $78,675. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company is funding its initial operations by issuing Founder’s shares for cash. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or the amounts of and classification of liabilities that might be necessary in the event the company cannot continue in existence. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. | |
The officers and directors have committed to advancing certain operating costs of the Company, including legal, audit, transfer agency and edgarizing costs. | |
Basis of Presentation | ' |
Basis of Presentation | |
The accompanying unaudited interim consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”). and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s latest annual report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the unaudited interim consolidated financial statements that would substantially duplicate the disclosures contained in the audited consolidated financial statements for fiscal year 2012, as reported in the Form 10-K, have been omitted. | |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents | |
For the purposes of the statements of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. | |
Use of Estimates and Assumptions | ' |
Use of Estimates and Assumptions | |
Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. | |
Income Taxes | ' |
Income Taxes | |
The Company follows the liability method of accounting for 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 balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment. | |
Net Loss per Common Share | ' |
Net Loss per Common Share | |
Basic net loss per common share includes no dilution and is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive net loss per share reflects the potential dilution of securities that could share in the losses of the Company. In periods when losses are reported, the diluted weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. There were no potentially dilutive securities as of September 30, 2013. | |
Subsequent Events | ' |
Subsequent Events | |
The Company evaluated subsequent events from September 30, 2013 through the date when financial statements are issued for disclosure consideration. | |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncements | |
The Company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the Company’s financial statement. |
NOTE_1_NATURE_OF_OPERATIONS_AN1
NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative) (USD $) | Sep. 30, 2013 |
Accounting Policies [Abstract] | ' |
Accumulated losses since inception | $78,675 |
NOTE_2_SUMMARY_OF_SIGNIFICANT_2
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $) | Sep. 30, 2013 |
M | |
Accounting Policies [Abstract] | ' |
Accumulated losses since inception | $78,675 |
Cash equivalents, maturity term | 3 |
NOTE_3_CAPITAL_STOCK_Details_N
NOTE 3 - CAPITAL STOCK (Details Narrative) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 04, 2012 | Nov. 01, 2012 | Jun. 29, 2012 |
Equity [Abstract] | ' | ' | ' | ' | ' |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 | ' | ' | ' |
Common Stock, Par Value Per Share | $0.00 | $0.00 | $0.00 | ' | ' |
Common shares | ' | ' | ' | ' | 1,065,000,000 |
Common shares issued, value | ' | ' | ' | ' | $7,500 |
Company shares issued, shares | ' | ' | ' | 29,820,000 | ' |
Company shares issued, value | ' | ' | ' | 5,250 | ' |
Redemption, shares | ' | ' | 1,025,000,000 | ' | ' |
Redemption, value | ' | ' | $10 | ' | ' |
Ratio, Share Split to each share held | ' | ' | 142 | ' | ' |
Common stock, shares issued | 69,819,980 | ' | ' | ' | ' |
NOTE_4_RELATED_PARTY_TRANSACTI1
NOTE 4 - RELATED PARTY TRANSACTIONS (Details Narrative) (USD $) | Sep. 30, 2013 |
Related Party Transactions [Abstract] | ' |
Shareholder advance | $51,820 |