Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended |
Nov. 30, 2013 | |
Document and Entity Information: | ' |
Entity Registrant Name | 'VISTA HOLDING GROUP, CORP. |
Document Type | '10-Q |
Document Period End Date | 30-Nov-13 |
Amendment Flag | 'false |
Entity Central Index Key | '0001557796 |
Current Fiscal Year End Date | '--08-31 |
Entity Common Stock, Shares Outstanding | 4,140,000 |
Entity Filer Category | 'Smaller Reporting Company |
Entity Current Reporting Status | 'No |
Entity Voluntary Filers | 'No |
Entity Well-known Seasoned Issuer | 'No |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'Q1 |
Statement_of_Financial_Positio
Statement of Financial Position (USD $) | Nov. 30, 2013 | Aug. 31, 2013 |
Assets, Current | ' | ' |
Cash and Cash Equivalents, at Carrying Value | $1,540 | $18,262 |
Assets, Current | 1,540 | 18,262 |
Assets | 1,540 | 18,262 |
Liabilities, Noncurrent | ' | ' |
Accounts Payable and Accrued Liabilities, Noncurrent | 100 | 480 |
Due to Related Parties, Noncurrent | 3,649 | 3,649 |
Liabilities | 3,749 | 4,129 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ' | ' |
Common Stock, Value, Issued | 4,140 | 4,140 |
Additional Paid in Capital, Common Stock | 25,460 | 25,460 |
Retained Earnings (Accumulated Deficit) | -31,809 | -15,467 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | -2,209 | 14,133 |
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures | ' | ' |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 4,140,000 | 4,140,000 |
Liabilities and Equity | $1,540 | $18,262 |
Statement_of_Income
Statement of Income (USD $) | 3 Months Ended | 16 Months Ended | |
Nov. 30, 2013 | Nov. 30, 2012 | Nov. 30, 2013 | |
Operating Expenses | ' | ' | ' |
General and Administrative Expense | $16,342 | $3,082 | $31,809 |
Operating Expenses | 16,342 | 3,082 | 31,809 |
Operating Income (Loss) | -16,342 | -3,082 | -31,809 |
Net Income (Loss) Attributable to Parent | ($16,342) | ($3,082) | ($31,809) |
Earnings Per Share | ' | ' | ' |
Earnings Per Share, Basic | $0 | $0 | ' |
Weighted Average Number of Shares Outstanding, Basic | 4,140,000 | 2,800,000 | ' |
Statement_of_Cash_Flows
Statement of Cash Flows (USD $) | 3 Months Ended | 16 Months Ended | |
Nov. 30, 2013 | Nov. 30, 2012 | Nov. 30, 2013 | |
Net Cash Provided by (Used in) Operating Activities | ' | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($16,342) | ($3,082) | ($31,809) |
Increase (Decrease) in Operating Liabilities | ' | ' | ' |
Increase (Decrease) in Accounts Payable | -380 | ' | 100 |
Increase (Decrease) in Other Operating Assets and Liabilities, Net | 0 | 0 | 1,617 |
Net Cash Provided by (Used in) Operating Activities | -16,722 | -3,082 | -30,092 |
Net Cash Provided by (Used in) Financing Activities | ' | ' | ' |
Proceeds from Issuance of Common Stock | 0 | 0 | 29,600 |
Proceeds from loans | 0 | 300 | 2,032 |
Net Cash Provided by (Used in) Financing Activities | 0 | 300 | 31,632 |
Cash and Cash Equivalents, Period Increase (Decrease) | -16,722 | -2,782 | 1,540 |
Cash and Cash Equivalents, at Carrying Value | 18,262 | 3,032 | ' |
Cash and Cash Equivalents, at Carrying Value | $1,540 | $250 | $1,540 |
Organization_Consolidation_and
Organization, Consolidation and Presentation of Financial Statements | 3 Months Ended |
Nov. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements: | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies | ' |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Organization and Description of Business | |
Vista Holding Group, Corp. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on August 2, 2012. The Company is in the development stage as defined under Statement on Financial Accounting Standards Accounting Standards Codification FASB ASC 915-205 "Development-Stage Entities.” Since inception through November 30, 2013 the Company has not generated any revenue and has accumulated losses of $31,809. The Company plans to commence operations in the business of development of 3D virtual tours and running a web guide of 3D virtual tours for public venues. | |
Basis of Presentation | |
The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is the Company’s opinion, however, that the accompanying unaudited financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. | |
The accompanying unaudited financial statements should be read in conjunction with the Annual Report on Form 10-K for the years ended August 31, 2013 and 2012 as filed with the SEC, which contains the audited financial statements and notes thereto, together with Management’s Discussion and Analysis, for the years ended August 31, 2013 and 2012. The interim results for the three months ended November 30, 2013 are not necessarily indicative of the results to be expected for the year ending August 31, 2014 or for any future interim periods. | |
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 $31,809 as of November 30, 2013 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. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. | |
Cash and Cash Equivalents | |
For purposes of the Statement of Cash Flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. | |
The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At November 30, 2013 the Company's bank deposits did not exceed the insured amounts. | |
Basic Loss Per Share | |
The Company computes loss per share in accordance with “ASC-260,” “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of November 30, 2013, the Company had no potential dilutive shares. | |
Dividends | |
The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during the period shown. | |
Income Taxes | |
The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. | |
Advertising Costs | |
The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 from Inception (August 2, 2012) to November 30, 2013. | |
Accounting Basis | |
The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted August 31 fiscal year end. | |
Impairment of Long-Lived Assets | |
The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. | |
Use of Estimates | |
The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Stock-Based Compensation | |
As of November 30, 2013 the Company has not issued any stock-based payments to its employees. | |
Stock-based compensation is accounted for at fair value in accordance with ASC 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. | |
Revenue Recognition | |
The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. | |
COMMON STOCK | |
The Company has 75,000,000 common shares authorized with a par value of $ 0.001 per share. | |
On August 27, 2012, the Company issued 2,800,000 shares of its common stock at $0.001 per share for total proceeds of $2,800. For the year ended August 31, 2013, the Company issued 1,340,000 shares of its common stock at $0.02 per share for total proceeds of $26,800. | |
As of November 30, 2013 the Company had 4,140,000 shares issued and outstanding. |
Income_Taxes
Income Taxes | 3 Months Ended |
Nov. 30, 2013 | |
Income Taxes: | ' |
Income Tax Disclosure | ' |
INCOME TAXES | |
The Company follows ASC 740, under which deferred income taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry-forwards. No net provision for refundable Federal income tax has been made in the accompanying statement of loss because no recoverable taxes were paid previously. Similarly, no deferred tax asset attributable to the net operating loss carry-forward has been recognized, as it is not deemed likely to be realized. As of November 30, 2013, the Company’s cumulative net operating loss was $31,809. |
Related_Party_Disclosures
Related Party Disclosures | 3 Months Ended |
Nov. 30, 2013 | |
Related Party Disclosures: | ' |
Related Party Transactions Disclosure | ' |
DUE TO RELATED PARTY | |
As of November 30, 2013, a Director had loaned the Company $3,649 to pay for operating expenses. The amount is due on demand, non-interest bearing and unsecured. |
Subsequent_Events
Subsequent Events | 3 Months Ended |
Nov. 30, 2013 | |
Subsequent Events: | ' |
Subsequent Events | ' |
SUBSEQUENT EVENTS | |
In accordance with ASC 855-10 Company management reviewed all material events through the date of this report and there are no additional material subsequent events to report. |