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OnePower Systems Inactive 10-Q14 Jul 172017 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	May 31, 2017	Jul. 14, 2017
Document and Entity Information:
Entity Registrant Name	OnePower Systems Ltd.
Entity Central Index Key	1,561,206
Document Type	10-Q
Document Period End Date	May 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--11-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		17,454,545
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017

Condensed Interim Balance Sheet

Condensed Interim Balance Sheets (Unaudited) - USD ($)	May 31, 2017	Nov. 30, 2016
CURRENT ASSETS
Cash	$ 2,890	$ 595
Total Assets	2,890	595
CURRENT LIABILITIES
Accounts payable and accrued liabilities	14,588	6,737
Notes payable, related party (Note 6)	20,000	20,000
Notes payable, unrelated (Note 6)	50,000	45,000
Total Current Liabilities	84,588	71,737
STOCKHOLDERS' DEFICIT
Common stock (Note 5) Par value: $0.001 Authorized 200,000,000 shares; issued and outstanding 17,454,545 shares	17,455	17,455
Additional paid in capital	24,545	24,545
Accumulated deficit	(123,698)	(113,142)
Total Stockholders' Deficit	(81,698)	(71,142)
Total Liabilities and Stockholders' Deficit	$ 2,890	$ 595

Condensed Interim Balance Shee3

Condensed Interim Balance Sheets (Parenthetical) - $ / shares	May 31, 2017	Nov. 30, 2016
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	17,454,545	17,454,545
Common stock, shares outstanding	17,454,545	17,454,545

Condensed Interim Statements of

Condensed Interim Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
EXPENSES
General and administrative expenses	$ 2,901	$ 2,798	$ 10,556	$ 10,514
Net loss and comprehensive loss	$ (2,901)	$ (2,798)	$ (10,556)	$ (10,514)
Loss per share of common stock Basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares of common stock Basic and diluted	17,454,545	17,454,545	17,454,545	17,454,545

Condensed Interim Statement of

Condensed Interim Statement of Stockholder's Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Nov. 30, 2015	$ 17,455	$ 24,545	$ (97,404)	$ (55,404)
Balance, shares at Nov. 30, 2015	17,454,545
Net loss for the period			(15,738)	(15,738)
Balance at Nov. 30, 2016	$ 17,455	24,545	(113,142)	(71,142)
Balance, shares at Nov. 30, 2016	17,454,545
Net loss for the period			(10,556)	(10,556)
Balance at May. 31, 2017	$ 17,455	$ 24,545	$ (123,698)	$ (81,698)
Balance, shares at May. 31, 2017	17,454,545

Condensed Interim Statements o6

Condensed Interim Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	May 31, 2017	May 31, 2016
Cash Flows from (used in) Operating Activities
Net loss	$ (10,556)	$ (10,514)
Adjustments to reconcile net income to net cash (used in) operating activities
Accounts payable and accrued liabilities	7,851	6,911
Net Cash from (used in) Operating Activities	(2,705)	(3,603)
Net Cash from Investing Activities
Cash Flows from Financing Activities
Proceeds of convertible notes payable	5,000
Net Cash provided by Financing Activities	5,000
Increase (decrease) in cash	2,295	(3,603)
Cash at beginning of period	595	5,134
Cash at end of period	2,890	1,531
Supplemental Information and Non-Monetary Transaction
Interest Paid
Taxes Paid

Interim Reporting

Interim Reporting	6 Months Ended
Interim Reporting	May 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Interim Reporting	1. Interim Reporting While the information presented in the accompanying interim six months financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. These interim financial statements follow the same accounting policies and methods of their application as the Company’s November 30, 2016 annual financial statements. All adjustments are of a normal recurring nature. It is suggested that these interim financial statements be read in conjunction with the Company’s November 30, 2016 annual financial statements. Operating results for the six months ended May 31, 2017 are not necessarily indicative of the results that can be expected for the year ended November 30, 2017.

Organization and Nature of Oper

Organization and Nature of Operations	6 Months Ended
Organization and Nature of Operations	May 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Operations	2. Organization and nature of operations OnePower Systems Ltd. ("the Company") was incorporated in the State of Nevada, USA on August 28, 2009. The Company is in its early development stage since its formation and has not realized any revenues from its planned operations. The Company is engaged in the development of electronic bill delivery and payment systems that will enable vendors the abilities to present bills and receive payments electronically. The Company has chosen a November 30 year end.

Going Concern Uncertainties

Going Concern Uncertainties	6 Months Ended
Going Concern Uncertainties	May 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern Uncertainties	3. Going concern uncertainties These financial statements have been prepared in conformity with generally accepted accounting principles in the United States, which contemplate continuation of the Company as a going concern. However, the Company has limited operations and has sustained operating losses resulting in a deficit. In view of these matters, operating as a going concern is dependent upon the Company's ability to meet its financing requirements, and the success of its future operations. The Company has accumulated a deficit of $123,698 since inception, has yet to achieve profitable operations and further losses are anticipated in the development of its business. The Company's ability to continue as a going concern is in substantial doubt and is dependent upon obtaining additional financing and/or achieving a sustainable profitable level of operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Company may seek additional equity as necessary and it expects to raise funds through private or public equity investment in order to support existing operations and expand the range of its business. There is no assurance that such additional funds will be available for the Company on acceptable terms, if at all.

Summary of Principal Accounting

Summary of Principal Accounting Policies	6 Months Ended
Summary of Principal Accounting Policies	May 31, 2017
Accounting Policies [Abstract]
Summary of Principal Accounting Policies	4. Summary of principal accounting policies A summary of the significant accounting policies applied in the presentation of the accompanying financial statements follows: Basis of presentation The accompanying financial statements are stated in US dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. There has been no change in accounting policies from those disclosed in the financial statements for the year ended November 30, 2016. Recently issued accounting pronouncements The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued by the FASB (including its Emerging Issues Task Force), the AICPA or the SEC would, if adopted, have a material effect on the accompanying financial statements.

Common Stock

Common Stock	6 Months Ended
Common Stock	May 31, 2017
Equity [Abstract]
Common Stock	5. Common stock The Company has not issued any stock options or warrants during the periods ended May 31, 2017 and May 31, 2016, or since inception There were no non-cash transactions during the periods ended May 31, 2017 and May 31, 2016.

Convertible Notes Payable

Convertible Notes Payable	6 Months Ended
Convertible Notes Payable	May 31, 2017
Debt Disclosure [Abstract]
Convertible Notes Payable	6. Convertible Notes Payable The Company has seven convertible notes payable. The notes are non-interest bearing, unsecured and payable on demand. At any time prior to repayment any portion of the entire note may be converted into common stock at the discretion of the holder on the basis of $0.055 of debt to 1 share. The effect that conversion would have on earnings per share has not been disclosed due to the current anti-dilutive effect. May 31, November 30, 2017 2016 Notes payable as of May 31, 2017 and November 30, 2016 Issued to a related party Convertible promissory note payable, dated November 9, 2012 non-interest bearing, due on demand $ 10,000 $ 10,000 Convertible promissory note payable, dated April 26, 2013 non-interest bearing, due on demand 10,000 10,000 Notes payable to related party $ 20,000 $ 20,000 May 31, November 30, 2017 2016 Notes payable Issued to unrelated parties Convertible promissory note payable, dated March 28, 2014 non-interest bearing, due on demand 20,000 20,000 Convertible promissory note payable, dated June 26, 2015 non-interest bearing, due on demand 10,000 10,000 Convertible promissory note payable, dated November 11, 2015 non-interest bearing, due on demand 5,000 5,000 Convertible promissory note payable, dated August 12, 2016 non-interest bearing, due on demand 10,000 10,000 Convertible promissory note payable, dated March 9, 2017 non-interest bearing, due on demand 5,000 - Notes payable to unrelated parties $ 50,000 $ 45,000

Summary of Principal Accounti13

Summary of Principal Accounting Policies (Policies)	6 Months Ended
Summary of Principal Accounting Policies (Policies)	May 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of presentation The accompanying financial statements are stated in US dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. There has been no change in accounting policies from those disclosed in the financial statements for the year ended November 30, 2016.
Recently Issued Accounting Pronouncements	Recently issued accounting pronouncements The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued by the FASB (including its Emerging Issues Task Force), the AICPA or the SEC would, if adopted, have a material effect on the accompanying financial statements.

Convertible Notes Payable (Tabl

Convertible Notes Payable (Tables)	6 Months Ended
Convertible Notes Payable (Tables)	May 31, 2017
Debt Disclosure [Abstract]
Schedule of Convertible Notes Payable	May 31, November 30, 2017 2016 Notes payable as of May 31, 2017 and November 30, 2016 Issued to a related party Convertible promissory note payable, dated November 9, 2012 non-interest bearing, due on demand $ 10,000 $ 10,000 Convertible promissory note payable, dated April 26, 2013 non-interest bearing, due on demand 10,000 10,000 Notes payable to related party $ 20,000 $ 20,000 May 31, November 30, 2017 2016 Notes payable Issued to unrelated parties Convertible promissory note payable, dated March 28, 2014 non-interest bearing, due on demand 20,000 20,000 Convertible promissory note payable, dated June 26, 2015 non-interest bearing, due on demand 10,000 10,000 Convertible promissory note payable, dated November 11, 2015 non-interest bearing, due on demand 5,000 5,000 Convertible promissory note payable, dated August 12, 2016 non-interest bearing, due on demand 10,000 10,000 Convertible promissory note payable, dated March 9, 2017 non-interest bearing, due on demand 5,000 - Notes payable to unrelated parties $ 50,000 $ 45,000

Going Concern Uncertainties (De

Going Concern Uncertainties (Details Narrative) - USD ($)	May 31, 2017	Nov. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 123,698	$ 113,142

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)	6 Months Ended
Common Stock (Details Narrative) - USD ($)	May 31, 2017	May 31, 2016
Equity [Abstract]
Non cash transaction during the period

Convertible Notes Payable (Deta

Convertible Notes Payable (Details Narrative)	6 Months Ended
Convertible Notes Payable (Details Narrative)	May 31, 2017
Debt Disclosure [Abstract]
Note converted into common stock	At any time prior to repayment any portion of the entire note may be converted into common stock at the discretion of the holder on the basis of $0.055 of debt to 1 share.

Convertible Notes Payable - Sch

Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) - USD ($)	May 31, 2017	Nov. 30, 2016
Convertible Promissory Note Payable One [Member] \| Notes Payable to Unrelated Parties [Member]
Convertible promissory note payable	$ 20,000	$ 20,000
Convertible Promissory Note Payable One [Member] \| Notes Payable to Related Party [Member]
Convertible promissory note payable	10,000	10,000
Convertible Promissory Note Payable Two [Member] \| Notes Payable to Unrelated Parties [Member]
Convertible promissory note payable	10,000	10,000
Convertible Promissory Note Payable Two [Member] \| Notes Payable to Related Party [Member]
Convertible promissory note payable	10,000	10,000
Convertible Promissory Note Payable [Member] \| Notes Payable to Unrelated Parties [Member]
Convertible promissory note payable	50,000	45,000
Convertible Promissory Note Payable [Member] \| Notes Payable to Related Party [Member]
Convertible promissory note payable	20,000	20,000
Convertible Promissory Note Payable Three [Member] \| Notes Payable to Unrelated Parties [Member]
Convertible promissory note payable	5,000	5,000
Convertible Promissory Note Payable Four [Member] \| Notes Payable to Unrelated Parties [Member]
Convertible promissory note payable	10,000	10,000
Convertible Promissory Note Payable Five [Member] \| Notes Payable to Unrelated Parties [Member]
Convertible promissory note payable	$ 5,000

Convertible Notes Payable - S19

Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) (Parenthetical)	6 Months Ended
	May 31, 2017
Convertible Promissory Note Payable One [Member] \| Notes Payable to Unrelated Parties [Member]
Convertible promissory note due	Mar. 28, 2014
Convertible Promissory Note Payable One [Member] \| Notes Payable to Related Party [Member]
Convertible promissory note due	Nov. 9, 2012
Convertible Promissory Note Payable Two [Member] \| Notes Payable to Unrelated Parties [Member]
Convertible promissory note due	Jun. 26, 2015
Convertible Promissory Note Payable Two [Member] \| Notes Payable to Related Party [Member]
Convertible promissory note due	Apr. 26, 2013
Convertible Promissory Note Payable Three [Member] \| Notes Payable to Unrelated Parties [Member]
Convertible promissory note due	Nov. 11, 2015
Convertible Promissory Note Payable Four [Member] \| Notes Payable to Unrelated Parties [Member]
Convertible promissory note due	Aug. 12, 2016
Convertible Promissory Note Payable Five [Member] \| Notes Payable to Unrelated Parties [Member]
Convertible promissory note due	Mar. 9, 2017

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