Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2015 | 12-May-15 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | Axiom Corp. | |
Document Type | 10-Q | |
Current Fiscal Year End Date | -19 | |
Entity Common Stock, Shares Outstanding | 66,147,975 | |
Amendment Flag | FALSE | |
Entity Central Index Key | 1566265 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 |
Axion_Corp_Balance_Sheets
Axion Corp. - Balance Sheets(USD ($)) | Mar. 31, 2015 | Dec. 31, 2014 |
Current assets | ||
Cash | $137,418 | $8,602 |
Funds held in trust | 70,747 | |
Accounts receivable (net of allowance of $nil (2014 - $nil)) | 3,056 | 2,389 |
Inventory 5 | 7,427 | 13,410 |
Prepaid expenses and other receivables | 16,849 | 21,868 |
Total current assets | 235,497 | 46,269 |
Equipment 6 | 16,041 | 14,284 |
Intangible assets 7 | 68,230 | 70,074 |
Total non-current assets | 84,271 | 84,358 |
Total assets | 319,768 | 130,627 |
Accounts payable and accrued liabilities 8, 9 | 156,744 | 125,898 |
Other taxes payable | 6,586 | 7,191 |
Current portion of deferred revenue 11 | 8,685 | 9,482 |
Due to related parties 9 | 160,643 | 106,406 |
Loan payable 10 | 148,035 | |
Total current liabilities | 480,693 | 248,977 |
Deferred revenue 11 | 18,093 | 22,125 |
Total non-current liabilities | 18,093 | 22,125 |
Total liabilities | 498,786 | 271,102 |
Stockholders' Deficit | ||
Capital stock (66,147,975 common shares-par value $0.00001 per share, 2,666,668 series A preferred shares-par value $0.00001 per share and 1,000,002 series B preferred shares-par value $0.00001 issued and outstanding) 12 | 698 | 798,586 |
Shares to be issued | 270,000 | |
Additional paid-in capital | 854,910 | |
Accumulated other comprehensive income | 36,633 | 17,807 |
Deficit | -1,341,259 | -956,868 |
Total stockholders’ deficit | -179,018 | -140,475 |
Total liabilities and deficit | $319,768 | $130,627 |
Axion_Corp_Balance_Sheets_Pare
Axion Corp. - Balance Sheets (Parentheticals) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Accounts receivable - net allowance | $0 | $0 |
Capital stock | 66,147,975 | 66,147,975 |
Capital stock - par value | $0.00 | $0.00 |
Series A Preferred - Authorized | 2,666,668 | 2,666,668 |
Series A Preferred - Par Value | $0.00 | $0.00 |
Axiom_Corp_Statement_of_Operat
Axiom Corp. - Statement of Operations (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Revenue | $11,301 | $14,195 |
Cost of revenue | 7,297 | 4,900 |
Gross profit | 4,004 | 9,295 |
Expenses | ||
Advertising and promotion | 1,333 | |
Interest 9 | 3,591 | 2,464 |
Office and general | 8,127 | 5,549 |
Rent | 3,273 | 3,681 |
Salaries and fees | 156,263 | 1,214 |
Travel | 5,160 | 2,195 |
Depreciation and amortization 6, 7 | 5,087 | 564 |
Research and development | 683 | 1,812 |
Stock-based compensation 12 | 148,125 | |
Professional fees | 55,353 | 11,508 |
Total operating expenses | 386,995 | 28,988 |
-382,991 | -19,693 | |
Loss on foreign exchange | -1,400 | -2,850 |
Net loss and comprehensive loss for the period | ($384,391) | ($22,543) |
Net loss per share - Basic and diluted (in Dollars per share) | ($0.01) | $0 |
Weighted average number of shares outstanding - Basic and diluted (in Shares) | 69,328,702 | 56,433,333 |
Axiom_Corp_Statements_of_Stock
Axiom Corp. - Statements of Stockholders' Deficit (USD $) | Common Stock Including Additional Paid in Capital [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Common Stock [Member] | Retained Earnings [Member] | Total |
Balance at Dec. 31, 2014 | $798,586 | $17,807 | ($956,868) | ($140,475) | ||
Issuance of warrants | 148,125 | 148,125 | ||||
Reverse acquisition by Papernuts Canada | -797,888 | 706,785 | 18,826 | -72,277 | ||
Proceeds of share subscriptions collected | 270,000 | 270,000 | ||||
Net (loss) for the period | -384,391 | -384,391 | ||||
Balance at Mar. 31, 2015 | $698 | $854,910 | $36,633 | $270,000 | ($1,341,259) | ($179,018) |
Axiom_Corp_Statements_of_Cash_
Axiom Corp. - Statements of Cash Flows (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Operating activities | ||
Net loss for the period | ($384,391) | ($22,543) |
Depreciation and amortization | 5,087 | 564 |
Stock-based compensation | 148,125 | |
Accrued interest on shareholder loans | 2,498 | 1,574 |
Changes in accounts receivable | -667 | -230 |
Change in inventory | 5,983 | 4,397 |
Changes in prepaid expenses | 5,020 | -338 |
Changes in accounts payable and accrued liabilities and other taxes payable | 26,623 | 24,433 |
Changes in deferred revenue | -4,829 | -4,186 |
Net cash flows (used in) generated by operating activities | -196,551 | 3,671 |
Investing activities | ||
Purchase of equipment | -5,000 | |
Net cash flows used in investing activities | -5,000 | |
Financing activities | ||
Proceeds from common shares to be issued | 270,000 | |
Related party loans and advances | 60,367 | |
Net cash flows generated by financing activities | 330,367 | |
Net increase in cash | 128,816 | 3,671 |
Cash (bank overdraft), beginning of period | 8,602 | -190 |
Cash, end of period | $137,418 | $3,481 |
1_Nature_of_Business_Economic_
1. Nature of Business, Economic Dependence and Going Concern | 3 Months Ended |
Mar. 31, 2015 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | 1. Nature of Business, Economic Dependence and Going Concern |
Axiom Corp. (“Axiom” or the “Company”) was incorporated in the State of Colorado on April 2, 2012. | |
On February 23, 2015, the Company entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with shareholders of Papernuts Corporation (the “Papernuts Shareholders”) and Kranti Kumar Kotni, the controlling stockholder of Axiom (the “Controlling Stockholder”). Pursuant to the Share Exchange Agreement, the Papernuts Shareholders agreed to exchange up to 1,220,165 shares, which represents 100% of the common stock of Papernuts Corporation (“Papernuts”), for up to Fifty Two Million (52,000,000) shares of Axiom’s common stock (the “Company Shares”). | |
On February 26, 2015, the Company closed on the Share Exchange Agreement, with 95.6% of the Papernuts Shareholders exchanging a total of 1,166,540 common shares (the “Papernuts Exchanged Shares”) for a total of 49,714,642 Axiom Shares (the “Company Exchanged Shares”). Each Papernuts Exchanged Shares was converted into the number of Company Exchanged Shares at an exchange ratio of 42.617187019 (the “Exchange Ratio”), rounded, if necessary, up to the nearest whole share (the “Share Exchange”). | |
Pursuant to the Share Exchange Agreement, the Company also issued warrants to purchase a total of 5,650,000 shares of the Company’s Common Stock at exercise prices ranging from $0.056 to $0.075 per share. These warrants have terms which are the same as and replace warrants previously held by Papernuts warrant holders. (see also note 11). | |
Additionally, on February 23, 2015, Mr. Scott MacRae, the former Chief Executive Officer of Papernuts, entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with the Controlling Shareholder, whereby Mr. MacRae purchased 30,000,000 shares (the “Shares”) of the Company’s common stock beneficially owned by Mr. Kotni. The Shares were purchased by Mr. MacRae for an aggregate purchase price of $75,000. | |
As a result of the Share Exchange transaction and the transaction between Mr. MacRae and Mr. Kotni, Papernuts Canada has become a majority owned subsidiary of the Company and the Company now carries on the business of Papernuts Canada as its primary business. | |
Additionally, as required by the Share Exchange Agreement, the Company and Mr. Kotni entered into a Share Transfer & Assignment Agreement dated February 26, 2015, pursuant to which the Company, following the Closing of the Share Exchange Agreement, transferred to Mr. Kotni all of the issued and outstanding shares of the Company’s formerly wholly-owned subsidiary, Acton Holdings Limited, a Kenyan company. Mr. Kotni assumes all the liabilities of Acton Holdings Limited. | |
Papernuts was incorporated in Ontario, Canada on April 8, 2010 as 2239794 Ontario Inc. On January 19, 2015 Papernuts changed its name to Papernuts Corporation. The Company’s primary focus is the sale of paper and equipment. The Company’s registered office is as follows: 380 Vansickle Road, Unit 600, St. Catharines, Ontario, Canada, L2S 0B5. | |
At March 31, 2015, the Company had not yet achieved profitable operations, had an accumulated deficit of $1,341,259 and expects to incur further losses in the development of its business, all of which casts significant doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to raise additional funding to further develop operations and a sales and marketing program so as to grow revenue and attain profitability. Although the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms advantageous to the Company. | |
During the period approximately 48% of revenues were derived from one customer (2014 – 62% from this same customer). |
2_Significant_Accounting_Polic
2. Significant Accounting Policies | 3 Months Ended | |
Mar. 31, 2015 | ||
Accounting Policies [Abstract] | ||
Significant Accounting Policies [Text Block] | 2. Significant Accounting Policies | |
Principles of Consolidation and Basis of Presentation | ||
These unaudited interim condensed consolidated financial statements include the accounts of the Company and its 95.6% owned subsidiary, Papernuts. All inter-company balances and transactions have been eliminated on consolidation. The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). | ||
Use of Estimates | ||
The preparation of financial statements in conformity with GAAP 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 of the financial statements and the reported amounts of revenues and expenses during the period. Significant estimates include the use of the going concern assumption, the useful life of its equipment and intangible assets and the valuation of equipment and intangible assets. | ||
Cash and Cash Equivalents | ||
The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents. At March 31, 2015 and December 31, 2014, the Company had a cash balance of $137,418 and $8,602 respectively. The Company had funds in trust of $70,747 as at March 31, 2015 (December 31, 2014 - $Nil). | ||
Revenue Recognition and Deferred Revenue | ||
Revenue from product sales is recognized when the customer takes title, assumes the risks and rewards of ownership and collectability is reasonably assured. Revenue is recorded at the time of shipment for terms designated f.o.b. (free on board) shipping point. For sales transactions designated f.o.b. destination, revenue is recorded when the product is delivered to the customer’s delivery site, when title and risk of loss are transferred. | ||
Revenue from the sale of licences and distribution agreements is recognized over the related term of the agreement. Proceeds received prior to the Company meeting its revenue recognition criteria is recorded as deferred revenue and shown as either a current or non-current liability depending on the expected timing of recognition. | ||
Shipping and Handling Costs | ||
Shipping and handling costs, such as freight to our customers’ destinations, are included in cost of revenue in the statement of operations and comprehensive loss. When shipping and handling costs are included in the sales price charged for our products, they are recognized in revenue. | ||
Inventories | ||
Inventories are valued at the lower of cost or market using the average cost method. Inventory is periodically reviewed for use and obsolescence, and adjusted as necessary. Inventory consists of raw material and finished goods. | ||
2. Significant Accounting Policies - continued | ||
Equipment | ||
Equipment is stated at cost, less accumulated depreciation. Expenditures for betterments are capitalized, whereas normal repairs and maintenance are expensed as incurred. The straight-line method is used to depreciate equipment over its estimated useful life, ranging from 3-5 years. | ||
Intangible Assets | ||
Intangible assets are stated at cost, less accumulated amortization. The straight-line method is used to amortize intangible assets over their estimated useful life, for a period of up to 10 years. | ||
Impairment of Long-lived Assets | ||
The Company periodically evaluates the carrying value of long-lived assets in accordance with GAAP, which requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the long-lived assets. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair values are reduced for the cost of disposal. | ||
Loss per Share | ||
Basic loss per share is calculated by dividing the Company’s net loss applicable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by dividing the Company’s net loss available to common stockholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity instruments, if dilutive. In periods that the Company reports a net loss, loss per share is not presented on a diluted basis, as the result would be anti-dilutive. | ||
Income Taxes | ||
Income taxes are computed in accordance with the provisions of ASC Topic 740, which requires, among other things, a liability approach to calculating deferred income taxes. The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in its financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement carrying amounts and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. The Company is required to make certain estimates and judgments about the application of tax law, the expected resolution of uncertain tax positions and other matters. In the event that uncertain tax positions are resolved for amounts different than the Company’s estimates, or the related statutes of limitations expire without the assessment of additional income taxes, the Company will be required to adjust the amounts of related assets and liabilities in the period in which such events occur. Such adjustment may have a material impact on the Company’s income tax provision and results of operations. | ||
Fair value of stock based compensation | ||
Stock based compensation is valued using the Black-Scholes option pricing model, which requires the input of highly subjective assumptions including the expected stock price volatility. Because the Company’s stock options have characteristics significantly different than those of traded options and because changes in the subjective input assumptions can materially affect the calculated fair value, such value is subject to measurement uncertainty. | ||
Research and development costs | ||
Development expenditures are capitalized if they meet the criteria for recognition as an asset, and are amortized over their expected useful lives once they are available for use. Research costs are expensed as incurred. | ||
Fair Value of Financial Instruments | ||
The standard, “Disclosures about Fair Value of Financial Instruments”, defines financial instruments and requires fair value disclosures for those instruments. The standard, “Fair Value Measurements”, defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosures requirements for fair value measures. The carrying amounts reported on the balance sheets for cash, funds held in trust, accounts receivable, due to related parties, accounts payable and accrued liabilities and loan payable qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest. For the due to related parties, the Company believes the carrying value of the loans approximates fair value as the interest rates are market rates. | ||
The standard establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy defined by the standard are as follows: | ||
Level 1 | Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, listed equities and U.S. government treasury securities; | |
Level 2 | Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category include non-exchange-traded derivatives such as over the counter forwards, options and repurchase agreements; and | |
Axiom Corp. and Subsidiary | ||
Notes to the Interim Condensed Consolidated Financial Statements | ||
For the three months ended March 31, 2015 and 2014 | ||
(Expressed in United States Dollars) | ||
Level 3 | Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value from the perspective of a market participant. Level 3 instruments include those that may be more structured or otherwise tailored to customers' needs. At each balance sheet date, the Company performs an analysis of all instruments subject to the standard and includes in Level 3 all of those whose fair value is based on significant unobservable inputs. | |
There were no assets or liabilities measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014. | ||
Foreign Currency Translation | ||
As further described in Note 4, the Canadian dollar had been the functional and reporting currency of the Company’s business and the consolidated financial statements for periods up to December 31, 2014 were expressed in Canadian dollars. On January 1, 2015, to reflect the changed circumstances of the Company, the functional currency of the Company and its subsidiaries changed to the United States dollar and the Company decided to change its reporting currency to the United States dollar as well. Accordingly, these consolidated financial statements are expressed in United States dollars. | ||
Monetary assets and liabilities denominated in currencies other than United States dollars are translated into United States dollars at the rate of exchange in effect at the end of the reporting period. Revenues and expenses are translated at the transaction exchange rate. Foreign currency gains and losses resulting from translation are reflected in net income of the period. | ||
Accounting Principles for Future Adoption | ||
In May 2014, FASB issued ASU 2014-09 with the intent of significantly enhancing comparability of revenue recognition practices across entities and industries. The new standard provides a single principles-based, five-step model to be applied to all contracts with customers and introduces new, increased disclosure requirements. The new standard is effective for annual and interim periods beginning on or after December 15, 2017 and may be applied on either a full or modified retrospective basis. The Company is currently assessing the impact of the new standard to the Company’s financial statements. | ||
In August 2014, FASB issued ASU 2014-15 providing guidance on how to account for and disclose going concern risks. The new standard is effective for annual and interim periods beginning on or after December 15, 2016. The Company is currently assessing the impact of the new standard to the Company’s financial statements. |
3_Papernuts_Reverse_Merger
3. Papernuts Reverse Merger | 3 Months Ended | |
Mar. 31, 2015 | ||
Disclosure Text Block Supplement [Abstract] | ||
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | 3. Papernuts Reverse Merger | |
A reverse acquisition transaction involving a non-public operating entity and a non-operating public company is in substance a share-based payment transaction, rather than a business combination. The Transaction is equivalent to the issuance of shares by the non-public operating entity, Papernuts, for the net assets and the listing status of the non-operating public company, Axiom. The fair value of the shares issued was determined based on the fair value of the common shares issued by Axiom. | ||
A summary of the transaction is as follows: | ||
Deemed issuance of 49,714,642 post-Transaction common shares to the former shareholders of Papernuts Canada $ 124,287 | ||
Cash and funds held in trust | $ 74,967 | |
Accounts payable and accrued liabilities | (17,974) | |
Due to related parties | (61) | |
Loans payable | -148,035 | |
Listing costs reallocated to additional paid-in capital | 215,390 | |
Value attributed to Papernuts shares issued | $ 124,287 | |
4_Change_of_Functional_and_Rep
4. Change of Functional and Reporting Currency | 3 Months Ended |
Mar. 31, 2015 | |
Foreign Currency [Abstract] | |
Foreign Currency Disclosure [Text Block] | 4. Change of Functional and Reporting Currency |
Effective February 26, 2015, Papernut’s functional currency changed to the United States dollar, and accordingly, Papernuts decided to change its reporting currency to the United States dollar. Prior to February 26, 2015, Papernut’s functional currency was the Canadian dollar and the Company used the Canadian dollar as its reporting currency. With the completion of the Share Exchange Agreement, the Company’s assets, liabilities, revenues and expenses are expected to be predominantly denominated in United States dollars and, accordingly, the use of the Canadian dollar to measure and report the Company’s financial performance and financial position became inappropriate. The impact of the currency translation up to February 26, 2015 is recorded in accumulated other comprehensive income. Under the current rate method for the comparative period presented, all assets and liabilities of the Company’s operations were translated from their Canadian dollar functional currency into United States dollars using the exchange rates in effect on the balance sheet date, shareholders’ equity were translated at the historical rates and revenues, expenses and cash flows were translated at the average rates during the reporting period presented. The resulting translation adjustments are reported under comprehensive income as a separate component of shareholders’ equity. |
5_Inventory
5. Inventory | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Inventory Disclosure [Abstract] | |||||
Inventory Disclosure [Text Block] | 5. Inventory | ||||
31-Mar-15 | 31-Dec-14 | ||||
Raw materials | $ | 6,115 | $ | 11,126 | |
Finished goods | 1,312 | 2,284 | |||
Total inventory | $ | 7,427 | $ | 13,410 | |
6_Equipment
6. Equipment | 3 Months Ended | ||||||
Mar. 31, 2015 | |||||||
Property, Plant and Equipment [Abstract] | |||||||
Property, Plant and Equipment Disclosure [Text Block] | 6. Equipment | ||||||
Accumulated | |||||||
31-Mar-15 | Depreciation and Impairment | Net Book | |||||
Cost | Value | ||||||
Furniture | $ | 3,723 | $ | -2,362 | $ | 1,362 | |
Machinery | 94,419 | -79,739 | 14,679 | ||||
$ | 98,142 | $ | -82,101 | $ | 16,041 | ||
Accumulated | |||||||
31-Dec-14 | Depreciation and Impairment | Net Book | |||||
Cost | Value | ||||||
Furniture | $ | 3,723 | $ | -2,136 | $ | 1,587 | |
Machinery | 89,419 | -76,722 | 12,697 | ||||
$ | 93,142 | $ | -78,858 | $ | 14,284 | ||
Depreciation expense during the three months ended March 31, 2015 was $3,243 (2014 - $564). |
7_Intangible_Assets
7. Intangible Assets | 3 Months Ended |
Mar. 31, 2015 | |
Disclosure Text Block [Abstract] | |
Intangible Assets Disclosure [Text Block] | 7. Intangible Assets |
In June 2014, Papernuts acquired the rights to the Papernuts trademark for $75,000. Terms of the agreement are as follows: | |
· Upon signing the agreement and paying $20,000 (paid in July 2014), the Company received the temporary right to use the Papernuts name and trademark, provided Papernuts comply with certain insurance and other requirements as stipulated by the vendor. | |
· Upon payment of an additional $55,000, required to be paid by September 15, 2014 (and paid on that date), Papernuts received permanent use and ownership of the Papernuts name, web domain and any trademarks, patents and rights to sell Papernuts products in the US and Canada. | |
· Papernuts is required to pay a royalty of 2% of sales of Papernuts products, to a maximum of $100,000. | |
· As part of this agreement, should Papernuts and the vendor not be able to negotiate a distribution contract in the future, Papernuts would be required to acquire certain of the vendor’s inventory and equipment valued at $40,000 (paid in March, 2015). Papernuts has recorded an impairment charge of $35,000 in December, 2014 with respect to this inventory. | |
Papernuts recorded amortization of $1,844 relating to this asset during the three months ended March 31, 2015 (2014- $Nil) leaving an asset balance of $68,230 as at March 31, 2015 (December 31, 2014 - $70,074). Amortization over the next five years is expected to be $7,376 per annum. |
8_Accounts_payable_and_accrued
8. Accounts payable and accrued liabilities | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Payables and Accruals [Abstract] | |||||
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 8. Accounts payable and accrued liabilities | ||||
Accounts payable consisted of the following as at March 31, 2015 and December 31, 2014. | |||||
31-Mar-15 | 31-Dec-14 | ||||
Accounts payable | $ | 69,534 | $ | 1,826 | |
Accrued liabilities | 87,210 | 124,074 | |||
$ | 156,744 | $ | 125,898 | ||
9_Related_Party_Transactions_a
9. Related Party Transactions and Balances | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Related Party Transactions [Abstract] | |||||
Related Party Transactions Disclosure [Text Block] | 9. Related Party Transactions and Balances | ||||
31-Mar-15 | 31-Dec-14 | ||||
8% Demand loans | $ | 153,082 | $ | 99,812 | |
Due to related party | 7,561 | 6,594 | |||
Loans payable to related parties | $ | 160,643 | $ | 106,406 | |
On August 1, 2012, Papernuts received loans of $32,445 (CDN$32,500) from shareholders. The loans were unsecured, and were due and payable on demand as they were contracted to meet Papernut’s 2012 general fiscal obligations. In April, 2014 and January 25, 2015 the shareholders made additional advances of $6,818 (CDN$7,500) and $30,184 (CDN$37,500) respectively to Papernuts. As at March 31, 2015 there is principal and interest of $67,554 ($40,290 as at December 31, 2014) outstanding in relation to those loans. | |||||
On March 28, 2013 Papernuts received loans of $18,345 (CDN$18,629) from a shareholder. The loans were unsecured, and were due and payable on demand as they were contracted to meet Papernut’s 2013 general fiscal obligations. The shareholder made further advances of $30,180 (CDN$32,098) on December 31, 2013 and $11,190 (CDN$12,310) from January 1, 2014 to April 1, 2014. In January, 2015 the shareholder advanced an additional $15,625 (CDN$18,750). As at March 31, 2015, there is principal and interest of $70,514 ($59,522 as at December 31, 2014) outstanding in relation to those loans. | |||||
In January, 2015 Papernuts received a loan of $15,625 (CDN$18,750) from a shareholder. As at March 31, 2015, there is a principal and interest of $15,014 (December 31, 2014 - $Nil) outstanding in relation to this loan. | |||||
During the periods ended March 31, 2015 and 2014 the shareholders charged interest of $2,500 (CDN$3,101) and $1,573 (CDN$1,736), respectively on these demand loans. No payments of interest have been made and the unpaid interest is included in the loan balances noted above. | |||||
As at March 31, 2015, due to related party included an additional $7,500 (December 31, 2014 - $6,594) in fees and expense reimbursements due to officers of the Company. | |||||
As of March 31, 2015, the Company owes a former director of the Company $61 (December 31, 2014 - $810) for expenditures paid on behalf of the Company. The amount included in due to related parties is unsecured, non-interest bearing, and has no specified repayment terms. | |||||
10_Loan_Payable
10. Loan Payable | 3 Months Ended |
Mar. 31, 2015 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | 10. Loan Payable |
On August 1, 2013, Axiom Corp. entered into a line of credit agreement with a third party, enabling the Company to borrow up to $50,000, at 8% per annum, with related amounts being due on demand. During the year ended August 31, 2014, the third party agreed to increase the maximum principal amount to $85,000. In the quarter ended March 31, 2015 the third party made additional advances under the line of credit. As at March 31, 2015, the amount outstanding under this line of credit was $73,068 with accrued interest of $6,353. In addition to the line of credit the third party advanced $74,967 to the Company’s trust account in connection with the Stock Purchase Agreement described in Note 1. |
11_Deferred_Revenue
11. Deferred Revenue | 3 Months Ended |
Mar. 31, 2015 | |
Deferred Revenue Disclosure [Abstract] | |
Deferred Revenue Disclosure [Text Block] | 11. Deferred Revenue |
In April 2013, Papernuts entered into an exclusive distribution agreement providing the rights to commercialize and distribute Papernuts’ converter machines in the Ottawa and Hull-Gatineau regions of Canada. | |
Of the $43,423 up-front licensing fee received, $2,216 has been recognized as revenue during the three months ended March 31, 2015 (three months ended March 31, 2014 - $2,492) and $26,778 has been recorded as deferred revenue as at March 31, 2015 (December 31, 2014 - $31,607). The balance of deferred revenue will be amortized into contract revenue over the remaining period of Papernuts obligations under the agreement of approximately 3.1 years. |
12_Stockholders_Equity
12. Stockholder's Equity | 3 Months Ended | |||
Mar. 31, 2015 | ||||
Stockholders' Equity Note [Abstract] | ||||
Stockholders' Equity Note Disclosure [Text Block] | 12. Stockholder’s Equity | |||
a) The Company’s authorized capital consists of 200,000,000 shares of common stock with a par value of $0.00001 per share, 5,000,000 shares of Series A Preferred stock with a par value of $0.00001 per share and 5,000,000 shares of Preferred B stock with a par value of $0.00001 per share. | ||||
Number of | ||||
Capital stock | Shares | Value | ||
Common Shares: | ||||
Common shares issued and outstanding as at December 31, 2014 | 56,433,333 | $ | 564 | |
Common shares of Papernuts issued as of December 31, 2014 | 1,220,165 | 798,586 | ||
Adjustment for Transaction / Elimination of Papernuts shares and the value of the Company’s capital stock | -1,220,165 | -564 | ||
Shares issued to Papernuts Shareholders in connection with the Transaction | 49,714,642 | 497 | ||
Reallocation of Papernuts share capital amounts to reflect the legal capitalization of Axiom subsequent to the transaction | - | -798,022 | ||
Conversion of common shares to Series A and Series B preferred shares(i) | -40,000,000 | -400 | ||
Common Shares as at March 31, 2015 | 66,147,975 | $ | 661 | |
Series A Preferred Shares | ||||
Series A preferred shares issued and outstanding as at December 31, 2014 | - | - | ||
$ | ||||
Conversion of common shares to Series A preferred shares(i) | 2,666,668 | 27 | ||
Series A Preferred shares as at March 31, 2015 | 2,666,668 | $ | 27 | |
Series B Preferred Shares | ||||
Axiom’s series B preferred shares issued and outstanding as at December 31, 2014 | - | $ | - | |
Conversion of common shares to Series B preferred shares(i) | 1,000,002 | 10 | ||
Series B Preferred shares as at March 31, 2015 | 1,000,002 | $ | 10 | |
Capital stock as at March 31, 2015 | $ | 698 | ||
(i) In March, 2015 the Company completed agreements with three directors of Papernuts for the cancellation of 40,000,000 Common Shares of the Company in exchange for a combination of newly issued multi-voting Series A Preferred Shares and multiple-voting Series B Preferred Shares. | ||||
As per the agreements, the 40,000,000 common shares were converted into 2,666,668 multiple-voting Series A Preferred Shares and 1,000,002 multiple-voting Series B Preferred Shares. | ||||
Series A Preferred Shares are convertible into Common Shares at a ratio of 1:10, meaning each Preferred A Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series A Preferred Share shall have the right to one (1) vote for each Common Share into which such Series A Preferred Share could be converted. | ||||
Series B Preferred Shares are convertible into Common Shares at a ratio of 1:10, meaning each Preferred B Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series B Preferred Share shall have the right to twenty-five (25) votes for each Common Share into which such Series B Preferred Share could be converted. | ||||
The Series A and Series B Preferred Shares are non-redeemable and have a par value of $0.00001 per share. | ||||
b) Pursuant to the Share Exchange Agreement, the Company also issued warrants to purchase an aggregate of 5,650,000 shares of the Company’s common stock at exercise prices ranging from $0.056 to $0.075 per share to replace warrants previously held by Papernuts warrant holders (the “Warrants”). The Warrants are currently exercisable and may be exercised for a period of 24 months from the date of issuance, February 26, 2015. The Warrants were initially valued at $148,125 using the Black-Scholes pricing model assuming no expected dividends, with a volatility of 100%, expected life of two years and a risk-free rate of 0.43%, and was included in additional paid in capital. As at March 31, 2015 there were 5,650,000 warrants outstanding. | ||||
c) In March, 2015 the Company received $270,000 in subscription proceeds for a $0.30 common share private placement expected to close in the second quarter of 2015. |
13_Contingency
13. Contingency | 3 Months Ended |
Mar. 31, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | 13. Contingency |
In the first quarter of 2015 the Company became aware of a potential claim from an individual stating that he was owed $118,427 (CDN$150,000) worth of Papernuts common shares. No action has been commenced as of the date of this report. Management is of the opinion that this potential claim is without merit. Accordingly, no provision has been made in these financial statements. |
14_Subsequent_Events
14. Subsequent Events | 3 Months Ended |
Mar. 31, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | 14. Subsequent Events |
There were no subsequent events that would have a material impact on these financial statements. |
3_Papernuts_Reverse_Merger_Tab
3. Papernuts Reverse Merger (Tables) | 3 Months Ended | |
Mar. 31, 2015 | ||
Disclosure Text Block Supplement [Abstract] | ||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Cash and funds held in trust | $ 74,967 |
Accounts payable and accrued liabilities | (17,974) | |
Due to related parties | (61) | |
Loans payable | -148,035 | |
Listing costs reallocated to additional paid-in capital | 215,390 | |
Value attributed to Papernuts shares issued | $ 124,287 |
5_Inventory_Tables
5. Inventory (Tables) | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Inventory Disclosure [Abstract] | |||||
Schedule of Inventory, Current [Table Text Block] | 31-Mar-15 | 31-Dec-14 | |||
Raw materials | $ | 6,115 | $ | 11,126 | |
Finished goods | 1,312 | 2,284 | |||
Total inventory | $ | 7,427 | $ | 13,410 |
6_Equipment_Tables
6. Equipment (Tables) | 3 Months Ended | ||||||
Mar. 31, 2015 | |||||||
Property, Plant and Equipment [Abstract] | |||||||
Property, Plant and Equipment [Table Text Block] | |||||||
Accumulated | |||||||
31-Mar-15 | Depreciation and Impairment | Net Book | |||||
Cost | Value | ||||||
Furniture | $ | 3,723 | $ | -2,362 | $ | 1,362 | |
Machinery | 94,419 | -79,739 | 14,679 | ||||
$ | 98,142 | $ | -82,101 | $ | 16,041 | ||
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] | |||||||
Accumulated | |||||||
31-Dec-14 | Depreciation and Impairment | Net Book | |||||
Cost | Value | ||||||
Furniture | $ | 3,723 | $ | -2,136 | $ | 1,587 | |
Machinery | 89,419 | -76,722 | 12,697 | ||||
$ | 93,142 | $ | -78,858 | $ | 14,284 |
8_Accounts_payable_and_accrued1
8. Accounts payable and accrued liabilities (Tables) | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Payables and Accruals [Abstract] | |||||
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | 31-Mar-15 | 31-Dec-14 | |||
Accounts payable | $ | 69,534 | $ | 1,826 | |
Accrued liabilities | 87,210 | 124,074 | |||
$ | 156,744 | $ | 125,898 |
9_Related_Party_Transactions_a1
9. Related Party Transactions and Balances (Tables) | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Related Party Transactions [Abstract] | |||||
Schedule of Related Party Transactions [Table Text Block] | 31-Mar-15 | 31-Dec-14 | |||
8% Demand loans | $ | 153,082 | $ | 99,812 | |
Due to related party | 7,561 | 6,594 | |||
Loans payable to related parties | $ | 160,643 | $ | 106,406 |
12_Stockholders_Equity_Tables
12. Stockholder's Equity (Tables) | 3 Months Ended | |||
Mar. 31, 2015 | ||||
Stockholders' Equity Note [Abstract] | ||||
Schedule of Stockholders Equity [Table Text Block] | Number of | |||
Capital stock | Shares | Value | ||
Common Shares: | ||||
Common shares issued and outstanding as at December 31, 2014 | 56,433,333 | $ | 564 | |
Common shares of Papernuts issued as of December 31, 2014 | 1,220,165 | 798,586 | ||
Adjustment for Transaction / Elimination of Papernuts shares and the value of the Company’s capital stock | -1,220,165 | -564 | ||
Shares issued to Papernuts Shareholders in connection with the Transaction | 49,714,642 | 497 | ||
Reallocation of Papernuts share capital amounts to reflect the legal capitalization of Axiom subsequent to the transaction | - | -798,022 | ||
Conversion of common shares to Series A and Series B preferred shares(i) | -40,000,000 | -400 | ||
Common Shares as at March 31, 2015 | 66,147,975 | $ | 661 | |
Series A Preferred Shares | ||||
Series A preferred shares issued and outstanding as at December 31, 2014 | - | - | ||
$ | ||||
Conversion of common shares to Series A preferred shares(i) | 2,666,668 | 27 | ||
Series A Preferred shares as at March 31, 2015 | 2,666,668 | $ | 27 | |
Series B Preferred Shares | ||||
Axiom’s series B preferred shares issued and outstanding as at December 31, 2014 | - | $ | - | |
Conversion of common shares to Series B preferred shares(i) | 1,000,002 | 10 | ||
Series B Preferred shares as at March 31, 2015 | 1,000,002 | $ | 10 | |
Capital stock as at March 31, 2015 | $ | 698 |
1_Nature_of_Business_Economic_1
1. Nature of Business, Economic Dependence and Going Concern (Details) (USD $) | 0 Months Ended | ||||
Feb. 26, 2015 | Feb. 23, 2015 | Feb. 15, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | |
1. Nature of Business, Economic Dependence and Going Concern (Details) [Line Items] | |||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 1,166,540 | 1,220,165 | |||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 100.00% | ||||
Stock Issued During Period, Shares, Purchase of Assets | -52,000,000 | ||||
ShareExchangeRatio | 42.61718702 | ||||
Debt Conversion, Converted Instrument, Warrants or Options Issued | 5,650,000 | ||||
Sale of Stock, Number of Shares Issued in Transaction | 30,000,000 | ||||
Stock Issued During Period, Value, Other (in Dollars) | $75,000 | ||||
Retained Earnings (Accumulated Deficit) (in Dollars) | ($1,341,259) | ($956,868) | |||
Minimum [Member] | |||||
1. Nature of Business, Economic Dependence and Going Concern (Details) [Line Items] | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | 0.056 | ||||
Maximum [Member] | |||||
1. Nature of Business, Economic Dependence and Going Concern (Details) [Line Items] | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | 0.075 |
2_Significant_Accounting_Polic1
2. Significant Accounting Policies (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | |
Accounting Policies [Abstract] | ||||
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions | 95.60% | |||
Cash and Cash Equivalents, at Carrying Value | $137,418 | $8,602 | $3,481 | ($190) |
Receivables and Portions of Securitizations that can be Prepaid at Potential Loss, Policy [Policy Text Block] | $8,602 | |||
Related Parties Amount in Cost of Sales | $70,747 |
3_Papernuts_Reverse_Merger_Det
3. Papernuts Reverse Merger (Details) (USD $) | Feb. 23, 2015 |
Disclosure Text Block Supplement [Abstract] | |
PostTransitionalStockShares | 49,714,642 |
PostTransitionalStockValue | $124,287 |
3_Papernuts_Reverse_Merger_Det1
3. Papernuts Reverse Merger (Details) - Deemed issuance of 49,714,642 post-Transaction common shares to the former shareholders of Papernuts (USD $) | Mar. 31, 2015 |
Deemed issuance of 49,714,642 post-Transaction common shares to the former shareholders of Papernuts [Abstract] | |
Cash and funds held in trust | $74,967 |
Accounts payable and accrued liabilities | -17,974 |
Due to related parties | -61 |
Loans payable | -148,035 |
Listing costs reallocated to additional paid-in capital | 215,390 |
Value attributed to Papernuts shares issued | $124,287 |
5_Inventory_Details_5_Inventor
5. Inventory (Details) - 5. Inventory (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Jun. 30, 2014 |
5. Inventory [Abstract] | |||
Raw materials | $6,115 | $11,126 | |
Finished goods | 1,312 | 2,284 | |
Total inventory | $7,427 | $13,410 | $40,000 |
6_Equipment_Details
6. Equipment (Details) (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2015 | Dec. 31, 2014 | |
Property, Plant and Equipment [Abstract] | ||
Accumulated Depreciation, Depletion and Amortization, Sale or Disposal of Property, Plant and Equipment | $3,243 | |
Depreciation Expense on Reclassified Assets | $564 |
6_Equipment_Details_6_Equipmen
6. Equipment (Details) - 6. Equipment (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Dec. 31, 2014 | |
6. Equipment [Abstract] | ||
Furniture | $3,723 | $3,723 |
Machinery | 94,419 | 93,142 |
$98,142 |
6_Equipment_Details_Accumulate
6. Equipment (Details) - Accumulated March 31, 2015 Cost Depreciation and Impairment Net Book Value Furniture $ 3 (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Mar. 31, 2015 | |
Accumulated March 31, 2015 Cost Depreciation and Impairment Net Book Value Furniture $ 3 [Abstract] | ||
Furniture | $3,723 | $3,723 |
Furniture | -2,136 | |
Furniture | 1,587 | |
Machinery | 89,419 | |
Machinery | -76,722 | |
Machinery | 12,697 | |
93,142 | 94,419 | |
-78,858 | ||
$14,284 |
7_Intangible_Assets_Details
7. Intangible Assets (Details) (USD $) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |
Jun. 30, 2014 | Mar. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2019 | |
Disclosure Text Block [Abstract] | ||||
Finite-lived Intangible Assets Acquired | $75,000 | |||
Impaired Intangible Asset, Facts and Circumstances Leading to Impairment | $20,000 | |||
Intangible Assets, Explanation of Significant Additions | $55,000 | |||
RoyaltyPercent | 2.00% | |||
MaximumRoyaltyExpense | 100,000 | |||
Inventory, Net | 40,000 | 7,427 | 13,410 | |
Impairment of Intangible Assets, Finite-lived | 35,000 | |||
Amortization of Intangible Assets | 1,844 | 68,230 | 70,074 | |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | $7,376 |
8_Accounts_payable_and_accrued2
8. Accounts payable and accrued liabilities (Details) - Accounts payable consisted of the following as at March 31, 2015 and December 31, 2014. (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Accounts payable consisted of the following as at March 31, 2015 and December 31, 2014. [Abstract] | ||
Accounts payable | $69,534 | $1,826 |
Accrued liabilities | 87,210 | 124,074 |
$156,744 | $125,898 |
9_Related_Party_Transactions_a2
9. Related Party Transactions and Balances (Details) | 0 Months Ended | 1 Months Ended | 3 Months Ended | ||||||||||||||||||||||||
Jan. 25, 2015 | Jan. 25, 2015 | Jan. 02, 2015 | Jan. 02, 2015 | Jan. 02, 2014 | Jan. 02, 2014 | Mar. 28, 2013 | Mar. 28, 2013 | Aug. 02, 2012 | Aug. 02, 2012 | Apr. 30, 2014 | Apr. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 30, 2015 | Mar. 30, 2015 | Mar. 31, 2015 | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2014 | Jan. 03, 2015 | Jan. 03, 2015 | Dec. 31, 2014 | Dec. 31, 2014 | Mar. 31, 2015 | Jan. 02, 2015 | Mar. 31, 2015 | |
USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | RelatedParty1 | RelatedParty2 | RelatedParty3 | |
USD ($) | USD ($) | USD ($) | |||||||||||||||||||||||||
9. Related Party Transactions and Balances (Details) [Line Items] | |||||||||||||||||||||||||||
Related Party Transaction, Amounts of Transaction | $30,184 | 37,500 | $15,625 | 18,750 | $11,190 | 12,310 | $18,345 | 18,629 | $32,445 | 32,500 | $6,818 | 7,500 | $30,180 | 32,098 | |||||||||||||
Due to Related Parties, Current | 59,522 | 160,643 | 106,406 | 40,290 | 67,554 | 70,514 | 15,014 | ||||||||||||||||||||
Loans and Leases Receivable, Related Parties | 15,625 | 18,750 | |||||||||||||||||||||||||
Interest Expense, Related Party | 2,500 | 3,101 | 1,573 | 1,736 | |||||||||||||||||||||||
Related Party Transaction, Expenses from Transactions with Related Party | $61 | 810 | $7,500 | 6,594 |
9_Related_Party_Transactions_a3
9. Related Party Transactions and Balances (Details) - 9. Related Party Transactions and Balances (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2015 | Dec. 31, 2014 | |
9. Related Party Transactions and Balances [Abstract] | ||
8% Demand loans | $153,082 | $99,812 |
Due to related party | 7,561 | 6,594 |
Loans payable to related parties | $160,643 | $106,406 |
10_Loan_Payable_Details
10. Loan Payable (Details) (USD $) | 0 Months Ended | 1 Months Ended | 3 Months Ended |
Aug. 02, 2013 | Aug. 31, 2013 | Mar. 31, 2015 | |
Debt Disclosure [Abstract] | |||
Line of Credit Facility, Maximum Month-end Outstanding Amount | $50,000 | ||
Line of Credit Facility, Interest Rate at Period End | 8.00% | ||
Short-term Debt, Maximum Amount Outstanding During Period | 85,000 | ||
Line of Credit Facility, Maximum Amount Outstanding During Period | 73,068 | ||
Line of Credit Facility, Increase, Accrued Interest | 6,353 | ||
Line of Credit Facility, Increase (Decrease), Net | $74,967 |
11_Deferred_Revenue_Details
11. Deferred Revenue (Details) (USD $) | 3 Months Ended | |||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Apr. 30, 2014 | |
Deferred Revenue Disclosure [Abstract] | ||||
LicensingFee | $43,423 | |||
Recognition of Deferred Revenue | 2,216 | 2,492 | ||
Deferred Revenue, Current | $18,093 | $31,607 | $22,125 |
12_Stockholders_Equity_Details
12. Stockholder's Equity (Details) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended |
Feb. 26, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | |
12. Stockholder's Equity (Details) [Line Items] | |||
Common Stock, Shares Authorized | 66,147,975 | 66,147,975 | |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | $0.00 | |
Auction Market Preferred Securities, Stock Series, Par Value Per Share (in Dollars per share) | $0.00 | ||
ShareCancellation | 40,000,000 | ||
Debt Conversion, Converted Instrument, Shares Issued | -40,000,000 | ||
Debt Conversion, Converted Instrument, Warrants or Options Issued | 5,650,000 | ||
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants (in Dollars) | $148,125 | ||
Fair Value Assumptions, Expected Volatility Rate | 100.00% | ||
Fair Value Assumptions, Risk Free Interest Rate | 0.43% | ||
Weighted Average Number of Shares Outstanding, Diluted | 5,650,000 | ||
Stock Issued During Period, Shares, New Issues | 270,000 | ||
Shares Issued, Price Per Share (in Dollars per share) | $0.30 | ||
Minimum [Member] | |||
12. Stockholder's Equity (Details) [Line Items] | |||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $0.06 | ||
Maximum [Member] | |||
12. Stockholder's Equity (Details) [Line Items] | |||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $0.08 | ||
Series A [Member] | |||
12. Stockholder's Equity (Details) [Line Items] | |||
Auction Market Preferred Securities, Stock Series, Shares Authorized | 5,000,000 | ||
Auction Market Preferred Securities, Stock Series, Par Value Per Share (in Dollars per share) | $0.00 | ||
Debt Conversion, Converted Instrument, Shares Issued | 2,666,668 | ||
Series B [Member] | |||
12. Stockholder's Equity (Details) [Line Items] | |||
Auction Market Preferred Securities, Stock Series, Shares Authorized | 5,000,000 | ||
Auction Market Preferred Securities, Stock Series, Par Value Per Share (in Dollars per share) | $0.00 | ||
Debt Conversion, Converted Instrument, Shares Issued | 1,000,002 |
12_Stockholders_Equity_Details1
12. Stockholder's Equity (Details) - a) The Companybs authorized capital consists of 200,000,000 shares of common stock with a pa (USD $) | 3 Months Ended | 12 Months Ended | 1 Months Ended |
Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2015 | |
Common Shares: | |||
Common Stock (in Shares) | 56,433,333 | ||
Common Stock | $698 | $798,586 | 698 |
Adjustment for Transaction / Elimination of Papernuts shares and the value of the Companybs capital stock | -1,220,165 | ||
Shares issued to Papernuts Shareholders in connection with the Transaction | 49,714,642 | ||
Reallocation of Papernuts share capital amounts to reflect the legal capitalization of Axiom subsequent to the transaction | -798,022 | ||
Series A (in Shares) | -40,000,000 | ||
Series A | -400 | ||
Conversion of common shares to Series A preferred shares(i) (in Shares) | 2,666,668 | ||
Conversion of common shares to Series A preferred shares(i) | 148,125 | 27 | |
Capital stock as at March 31, 2015 | -179,018 | -140,475 | -179,018 |
Conversion of common shares to Series B preferred shares(i) (in Shares) | 2,666,668 | ||
Series A [Member] | |||
Common Shares: | |||
Series A (in Shares) | 2,666,668 | ||
Series B [Member] | |||
Common Shares: | |||
Series A (in Shares) | 1,000,002 | ||
Conversion of common shares to Series A preferred shares(i) (in Shares) | 1,000,002 | ||
Conversion of common shares to Series B preferred shares(i) (in Shares) | 1,000,002 | ||
Conversion of common shares to Series B preferred shares(i) | 10 | ||
Series B Preferred shares as at March 31, 2015 (in Shares) | 1,000,002 | ||
Series B Preferred shares as at March 31, 2015 | $10 |
13_Contingency_Details
13. Contingency (Details) | Mar. 31, 2015 | Mar. 31, 2015 |
USD ($) | CAD | |
Commitments and Contingencies Disclosure [Abstract] | ||
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | $118,427 | 150,000 |