Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
31-May-14 | Jul. 18, 2014 | |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 31-May-14 | ' |
Trading Symbol | 'dvio | ' |
Entity Registrant Name | 'Greenwood Hall, Inc. | ' |
Entity Central Index Key | '0001557644 | ' |
Current Fiscal Year End Date | '--08-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 54,000,000 |
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 | ' |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | 31-May-14 | Aug. 31, 2013 |
Current Assets | ' | ' |
Cash | $0 | $5,913 |
Total Current Assets | 0 | 5,913 |
TOTAL ASSETS | 0 | 5,913 |
LIABILITIES | ' | ' |
Total Current Liabilities | 34,584 | 15,875 |
Current Liabilities | ' | ' |
Advances | 0 | 15,775 |
Accounts Payable and Accrued Liabilities | 14,584 | 100 |
Loan Payable | 20,000 | 0 |
TOTAL LIABILITIES | 34,584 | 15,875 |
STOCKHOLDERS' DEFICIT | ' | ' |
Common stock, par value $0.001; 937,500,000 shares authorized, 54,000,000 shares issued and outstanding as of May 31, 2014 and August 31, 2013 | 54,000 | 54,000 |
Additional paid-in-capital | -10,125 | -25,900 |
Deficit accumulated during the development stage | -78,459 | -38,062 |
TOTAL STOCKHOLDERS' DEFICIT | -34,584 | -9,962 |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $0 | $5,913 |
BALANCE_SHEETS_PARENTHETICAL
BALANCE SHEETS (PARENTHETICAL) (USD $) | 31-May-14 | Aug. 31, 2013 |
Common Stock, Par Value Per Share | $0.00 | $0.00 |
Common Stock, Shares Authorized | 937,500,000 | 937,500,000 |
Common Stock, Shares, Issued | 54,000,000 | 54,000,000 |
Common Stock, Shares, Outstanding | 54,000,000 | 54,000,000 |
STATEMENTS_OF_OPERATIONS
STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 9 Months Ended | 27 Months Ended | ||
31-May-14 | 31-May-13 | 31-May-14 | 31-May-13 | 31-May-14 | |
Revenue | $0 | $0 | $0 | $6,500 | $6,500 |
Cost of goods sold | 0 | 0 | 0 | 5,500 | 5,500 |
Gross margin | 0 | 0 | 0 | 1,000 | 1,000 |
General & Administrative Expenses | 24,518 | 20,911 | 40,397 | 29,328 | 79,459 |
Loss from operations | -24,518 | -20,911 | -40,397 | -28,328 | -78,459 |
Income tax provision | 0 | 0 | 0 | 0 | 0 |
NET LOSS | ($24,518) | ($20,911) | ($40,397) | ($28,328) | ($78,459) |
NET LOSS PER SHARE: BASIC AND DILUTED | $0 | $0 | $0 | $0 | ' |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED | 54,000,000 | 50,755,438 | 54,000,000 | 45,698,713 | ' |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | 27 Months Ended | |
31-May-14 | 31-May-13 | 31-May-14 | |
Cash Flows used by Operating Activities | ' | ' | ' |
Net loss | ($40,397) | ($28,328) | ($78,459) |
Changes in Operating Assets and Liabilities: | ' | ' | ' |
Accounts Payable and Accrued Liabilities | 14,484 | 100 | 14,584 |
Net Cash used by Operating Activities | -25,913 | -28,228 | -63,875 |
Cash Flows provided by Financing Activities | ' | ' | ' |
Proceeds from Loans Payable | 20,000 | 0 | 20,000 |
Proceeds from Advances | 0 | 2,500 | 15,775 |
Proceeds from Sale of Common Shares | 0 | 25,100 | 28,100 |
Net Cash provided by Financing Activities | 20,000 | 27,600 | 63,875 |
Change in Cash and Cash Equivalents | -5,913 | -628 | 0 |
Cash and Cash Equivalents at Beginning of Period | 5,913 | 8,636 | 0 |
Cash and Cash Equivalents at End of Period | 0 | 8,008 | 0 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ' | ' | ' |
Interest paid | 0 | 0 | 0 |
Income taxes paid | 0 | 0 | 0 |
NON-CASH TRANSACTIONS: | ' | ' | ' |
Debt forgiveness | $15,775 | $0 | $15,775 |
ORGANIZATION_AND_BUSINESS_OPER
ORGANIZATION AND BUSINESS OPERATIONS | 9 Months Ended |
31-May-14 | |
ORGANIZATION AND BUSINESS OPERATIONS [Text Block] | ' |
1. ORGANIZATION AND BUSINESS OPERATIONS | |
Greenwood Hall, Inc. (formerly Divio Holdings, Corp.) (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on February 27, 2012. Effective July 1, 2014, the Company changed its name from Divio Holdings, Corp. to Greenwood Hall, Inc. The Company is in the development stage as defined under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 915, “Development Stage Entities”. Until recently we were in the business of selling used motorcycles. We used to buy used motorcycles from motorcycle auctions and dealers in the United States and resell them in Russia. However, with a new CEO having now taken control, the Company is looking for other opportunities and is no longer active in the used motorcycle business. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
31-May-14 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block] | ' |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of Presentation | |
The accompanying unaudited interim financial statements of the Company have been prepared 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 financial statements and notes thereto contained in the Company’s annual report 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 our interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosure contained in the audited financial statements for year ended August 31, 2013, as reported in the Form 10-K of the Company, have been omitted. | |
Going Concern | |
The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $78,459 as of May 31, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and or private placement of common stock. |
COMMON_STOCK
COMMON STOCK | 9 Months Ended |
31-May-14 | |
COMMON STOCK [Text Block] | ' |
3. COMMON STOCK | |
Effective July 1, 2014, the Company affected a 12.5 to 1 forward stock split of our authorized and issued and outstanding common stock. As a result, the Company’s authorized capital of common stock increased from 75,000,000 shares of common stock with a par value of $0.001 per share to 937,500,000 shares of common stock with a par value of $0.001 per share. All share and per share information has been retroactively adjusted to reflect the forward stock split. At May 31, 2014, the Company had 54,000,000 split-adjusted shares of common stock outstanding. |
LOAN_PAYABLE
LOAN PAYABLE | 9 Months Ended | ||
31-May-14 | |||
LOAN PAYABLE [Text Block] | ' | ||
4. LOAN PAYABLE | |||
a) | On February 13, 2014, the Company issued a demand note payable for cash proceeds received of $10,000. The note bears interest at 6% per annum commencing March 1, 2014. | ||
b) | On April 9, 2014, the Company issued a demand note payable for cash proceeds received of $10,000. The note bears interest at 6% per annum. |
RELATED_PARTY_TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
31-May-14 | |
RELATED PARTY TRANSACTIONS [Text Block] | ' |
5. RELATED PARTY TRANSACTIONS | |
As of August 31, 2013 a former Director had advanced the Company $15,775. The advances were non-interest bearing, due upon demand and unsecured. During the nine months ended May 31, 2014, the former Director forgave the amounts owing to him. The Company recorded the forgiveness of the advances as a contribution of capital of $15,775. |
COMMITMENT
COMMITMENT | 9 Months Ended |
31-May-14 | |
COMMITMENT [Text Block] | ' |
6. COMMITMENT | |
Effective March 19, 2014, the Company entered into a non-binding letter of intent with PCS Link, Inc. dba Greenwood & Hall, a company organized under the State of California, whereby, following entry into a formal agreement and the closing thereof, the Company proposes to acquire all of the securities of PCS Link, Inc. dba Greenwood & Hall in exchange for the issuance of 25,250,000 shares of the Company’s common stock. As of May 31, 2014, the Company was proceeding with the negotiation of a formal agreement with PCS Link, Inc. dba Greenwood & Hall, The Company has not entered into such an agreement at this time and can offer no assurance that a formal agreement will be entered into or, if it is entered into, that such formal agreement will close. |
SUBSEQUENT_EVENT
SUBSEQUENT EVENT | 9 Months Ended | |
31-May-14 | ||
SUBSEQUENT EVENT [Text Block] | ' | |
7. SUBSEQUENT EVENTS | ||
a) | Effective July 1, 2014, the Company completed a merger with its wholly-owned subsidiary, Greenwood Hall, Inc., a Nevada corporation, which was incorporated solely to effect the name change. As a result, the Company’s name changed from “Divio Holdings, Corp.” to “Greenwood Hall, Inc.” | |
b) | Effective July 1, 2014, the Company affected a 12.5 to 1 forward stock split of our authorized and issued and outstanding common stock. | |
c) | Subsequent to May 31, 2014, the President of the Company returned 43,750,000 split adjusted shares of common stock to treasury for cancellation for no consideration. |
Recovered_Sheet1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
31-May-14 | |
Basis of Presentation [Policy Text Block] | ' |
Basis of Presentation | |
The accompanying unaudited interim financial statements of the Company have been prepared 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 financial statements and notes thereto contained in the Company’s annual report 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 our interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosure contained in the audited financial statements for year ended August 31, 2013, as reported in the Form 10-K of the Company, have been omitted. | |
Going Concern [Policy Text Block] | ' |
Going Concern | |
The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $78,459 as of May 31, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and or private placement of common stock. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $) | 9 Months Ended |
31-May-14 | |
Summary Of Significant Accounting Policies 1 | $78,459 |
COMMON_STOCK_Narrative_Details
COMMON STOCK (Narrative) (Details) (USD $) | 9 Months Ended |
31-May-14 | |
Common Stock 1 | 12.5 |
Common Stock 2 | 1 |
Common Stock 3 | 75,000,000 |
Common Stock 4 | $0.00 |
Common Stock 5 | 937,500,000 |
Common Stock 6 | $0.00 |
Common Stock 7 | 54,000,000 |
LOAN_PAYABLE_Narrative_Details
LOAN PAYABLE (Narrative) (Details) (USD $) | 9 Months Ended |
31-May-14 | |
Loan Payable 1 | $10,000 |
Loan Payable 2 | 6.00% |
Loan Payable 3 | $10,000 |
Loan Payable 4 | 6.00% |
RELATED_PARTY_TRANSACTIONS_Nar
RELATED PARTY TRANSACTIONS (Narrative) (Details) (USD $) | 9 Months Ended |
31-May-14 | |
Related Party Transactions 1 | $15,775 |
Related Party Transactions 2 | $15,775 |
COMMITMENT_Narrative_Details
COMMITMENT (Narrative) (Details) | 9 Months Ended |
31-May-14 | |
Commitment 1 | 25,250,000 |
SUBSEQUENT_EVENT_Narrative_Det
SUBSEQUENT EVENT (Narrative) (Details) | 9 Months Ended |
31-May-14 | |
Subsequent Event 1 | 12.5 |
Subsequent Event 2 | 1 |
Subsequent Event 3 | 43,750,000 |