Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Jun. 30, 2014 | Aug. 14, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Priced In Corp. | ' |
Entity Central Index Key | '0001561880 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--09-30 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 12,750,000 |
Balance_Sheets_Unaudited
Balance Sheets (Unaudited) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Current Assets | ' | ' |
Cash | $2,382 | $14,060 |
Total Current Assets | 2,382 | 14,060 |
Current Liabilities | ' | ' |
Accrued liabilities | 12,000 | 7,500 |
Due to related parties | 6 | 6 |
Total Current Liabilities | 12,006 | 7,506 |
Stockholders' Equity (Deficit) | ' | ' |
Common stock Authorized: 75,000,000 shares, par value $0.001 7,750,000 and 5,000,000 share issued and outstanding; respectively | 7,750 | 5,000 |
Additional paid-in capital | 69,750 | 45,000 |
Accumulated deficit | -87,124 | -43,446 |
Total Stockholders' Equity (Deficit) | -9,624 | 6,554 |
Total Liabilities and Stockholders' Equity (Deficit) | $2,382 | $14,060 |
Balance_Sheets_Unaudited_Paren
Balance Sheets (Unaudited) (Parenthetical) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Balance Sheets [Abstract] | ' | ' |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
common stock, par value | $0.00 | $0.00 |
Common stock, shares issued | 7,750,000 | 5,000,000 |
Common stock, shares outstanding | 7,750,000 | 5,000,000 |
Statement_of_Expenses_Unaudite
Statement of Expenses (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Expenses | ' | ' | ' | ' |
General and administrative | $21,406 | $11,627 | $43,678 | $27,232 |
Total Operating Expenses | 21,406 | 11,627 | 43,678 | 27,232 |
Net Loss | ($21,406) | ($11,627) | ($43,678) | ($27,232) |
Net Loss Per Share - Basic and Diluted | $0 | $0 | ($0.01) | $0 |
Weighted Average Shares Outstanding | 7,750,000 | 5,000,000 | 7,772,810 | 5,000,000 |
Statement_of_Cash_Flows_Unaudi
Statement of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Operating Activities | ' | ' |
Net loss for the period | ($43,678) | ($27,232) |
Changes in operating assets and liabilities: | ' | ' |
Accounts payable | ' | 4,000 |
Accrued expenses | 4,500 | 4,500 |
Net cash used in operating activities | -39,178 | -18,732 |
Financing Activities | ' | ' |
Proceeds from issuance of common stock | 37,500 | ' |
Cancellation of common stock | -10,000 | ' |
Net Cash Provided by Financing Activities | 27,500 | ' |
Net Increase in Cash | -11,678 | -18,732 |
Cash, Beginning of Period | 14,060 | 41,078 |
Cash, End of Period | 2,382 | 22,346 |
Supplemental Disclosures | ' | ' |
Interest paid | ' | ' |
Income taxes paid | ' | ' |
Nature_of_Business_and_Basis_o
Nature of Business and Basis of Presentation | 9 Months Ended |
Jun. 30, 2014 | |
Nature of Business and Basis of Presentation [Abstract] | ' |
Nature of Business and Basis of Presentation | ' |
1. Nature of Business and Basis of Presentation | |
Priced In Corp. (the “Company”) was incorporated in the state of Nevada on November 23, 2010. | |
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, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10K. 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 period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10K, have been omitted. | |
The company has limited operations and is considered to be in the development stage. In the quarter ended June 30, 2014, the Company has elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the company to remove the inception to date information and all references to development stage. |
Going_Concern
Going Concern | 9 Months Ended |
Jun. 30, 2014 | |
Going Concern [Abstract] | ' |
Going Concern | ' |
2. Going Concern | |
These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize it assets and discharge its liabilities in the normal course of business. During the period ended June 30, 2014, the Company has an accumulated deficit of $87,124. The Company is in the business of developing a website that will aggregates group buying offers from Groupon, Social Living and other sites. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
Related_Party_Transactions
Related Party Transactions | 9 Months Ended | ||
Jun. 30, 2014 | |||
Related Party Transactions [Abstract] | ' | ||
Related Party Transactions | ' | ||
3. Related Party Transactions | |||
a) | As at June 30, 2014, the Company was indebted to the former President of the Company in the amount of $6, which is non-interest bearing, unsecured, and due on demand. | ||
Common_Stock
Common Stock | 9 Months Ended | ||
Jun. 30, 2014 | |||
Common Stock [Abstract] | ' | ||
Common Stock | ' | ||
4. Common Stock | |||
a) | During October 2013, the Company issued 3,250,000 common shares at $0.01 per share for proceeds of $32,500. | ||
b) | On November 22, 2013, the Company issued 500,000 common shares at $0.01 per share for proceeds of $5,000. | ||
c) | On November 22, 2013, the Company refunded $10,000 for the cancellation of 1,000,000 common shares at $0.01 per share. | ||
Subsequent_Event
Subsequent Event | 9 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Event | ' |
5. Subsequent Event | |
On July 3, 2014 (the “Closing Date”), the Company (the “Registrant”) entered into an agreement with Captain’s Crew LLC, a Rhode Island limited liability company (“CC”), pursuant to which the Company agreed to sell 5,000,000 shares of its common stock (the “CC Shares”) to CC for $50,000, or $0.01 per share. Funds from the sale of the CC Shares will be utilized to fund expenses of the Registrant. | |
On the Closing Date, Ken-Muen Le and Natalia Kozioura (the “Selling Stockholders”), the owners of an aggregate of 4,500,000 shares of common stock of the Registrant (the “SS Shares”), representing approximately 35.3% of the issued and outstanding common stock of the Registrant (after taking into account the sale and issuance of the CC Shares), entered into and performed a Securities Purchase Agreement, pursuant to which the Selling Stockholders sold the SS Shares to CC for aggregate consideration of $334,500, or approximately $0.074 per share. Upon completion of the purchase of the CC Shares and SS Shares, CC owned 9,500,000 shares, or approximately 74.5%, of the Registrant’s common stock. | |
CC is 100% owned and managed by Jay Lasky. Funds utilized for the purchase of the CC Shares and the SS Shares were provided by a number of unaffiliated persons that funded an escrow for the purpose of effecting a change of control of the Registrant in anticipation of a future transaction involving the Registrant (the “Transaction”). Subsequent to the Closing Date, the persons that funded CC also entered into agreements to acquire additional unrestricted shares of the Registrant’s common stock from certain non-affiliate shareholders of the Registrant. It is expected that all CC Shares and SS Shares will be cancelled in connection with the closing of a Transaction. | |
In accordance with the SPA and the transactions contemplated thereby, effective on the Closing Date (i) Mr. Le resigned as Chief Executive Officer, President, Chief Financial Officer, Secretary, Treasurer and as a director of the Registrant; (ii) Ms. Kozioura resigned as a director of the Registrant; and (iii) Mr. Lasky was appointed to serve as the Registrant’s Interim Chief Executive Officer, Chief Financial Officer, Secretary and sole director. Mr. Lasky will not receive any compensation for his service in such capacities. CC, as the Registrant’s majority stockholder, determined it to be in the best interests of the Registrant to appoint a person familiar thereto to serve as the Registrant’s Interim Chief Executive Officer, Chief Financial Officer, Secretary and sole director. It is expected that Mr. Lasky will resign from all of such positions upon the closing of a Transaction. |
Going_Concern_Details
Going Concern (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Going Concern (Textual) | ' | ' |
Accumulated deficit | ($87,124) | ($43,446) |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Related Party Transactions (Textual) | ' | ' |
Due to related parties | $6 | $6 |
Common_Stock_Details
Common Stock (Details) (USD $) | 1 Months Ended | 9 Months Ended | ||
Nov. 22, 2013 | Oct. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Common Stock (Textual) | ' | ' | ' | ' |
Common stock shares issued | 500,000 | 3,250,000 | ' | ' |
Stock issued, price per share | $0.01 | $0.01 | ' | ' |
Proceeds from issuance of common stock | $5,000 | $32,500 | $37,500 | ' |
Common stock shares cancellation | 1,000,000 | ' | ' | ' |
Stock refunded, price per share | $0.01 | ' | ' | ' |
Stock refunded, value | $10,000 | ' | ' | ' |
Subsequent_Event_Details
Subsequent Event (Details) (USD $) | 1 Months Ended | 0 Months Ended | 0 Months Ended | |||
Nov. 22, 2013 | Oct. 31, 2013 | Jul. 03, 2014 | Jul. 03, 2014 | Jul. 03, 2014 | Jul. 03, 2014 | |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | |||
Jay Lasky [Member] | Ken - Muen Le and Natalia Kozioura [Member] | Rhode Island limited liability company [Member] | ||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' |
Common stock shares issued | 500,000 | 3,250,000 | 9,500,000 | ' | 4,500,000 | 5,000,000 |
Common stock issued, value | ' | ' | ' | ' | $334,500 | $50,000 |
Common stock, per share | ' | ' | ' | ' | $0.07 | $0.01 |
Minority ownership percentage | ' | ' | ' | ' | 35.30% | ' |
Percentage of ownership equity | ' | ' | 74.50% | 100.00% | ' | ' |