Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Jan. 31, 2016 | May. 16, 2016 | Jul. 31, 2015 | |
Document And Entity Information [Abstract] | |||
Entity Registrant Name | VIBE WIRELESS CORP. | ||
Entity Central Index Key | 1,571,804 | ||
Trading Symbol | vibx | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Current Fiscal Year End Date | --01-31 | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Common Stock, Shares Outstanding | 6,079,000 | ||
Entity Public Float | $ 0 | ||
Document Type | 10-K | ||
Document Period End Date | Jan. 31, 2016 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jan. 31, 2016 | Jan. 31, 2015 |
Current Assets | ||
Cash and cash equivalents | $ 175 | |
Total Assets | 175 | |
Liabilities | ||
Accounts Payable | $ 2,271 | |
Advances and loans from related parties | 34,764 | 16,998 |
Total current liabilities | 37,035 | 16,998 |
Total Liabilities | $ 37,035 | $ 16,998 |
Commitments and contingencies | ||
Stockholders' Equity (Deficit) | ||
Common stock, par value $0.001; 75,000,000 shares authorized, 6,079,000 shares issued and outstanding | $ 6,079 | $ 6,079 |
Additional paid in capital | 37,849 | 20,501 |
Accumulated deficit | (80,963) | (43,403) |
Total Stockholders' Equity (Deficit) | $ (37,035) | (16,823) |
Total Liabilities and Stockholders' Equity (Deficit) | $ 175 |
BALANCE SHEETS (Parentheticals)
BALANCE SHEETS (Parentheticals) - $ / shares | Jan. 31, 2016 | Jan. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Common share, per value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 6,079,000 | 6,079,000 |
Common stock, shares outstanding | 6,079,000 | 6,079,000 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Jan. 31, 2016 | Jan. 31, 2015 | |
Income Statement | ||
REVENUES | ||
OPERATING EXPENSES | ||
General expenses | $ 37,560 | $ 31,154 |
TOTAL OPERATING EXPENSES | 37,560 | 31,154 |
NET LOSS | $ (37,560) | $ (31,154) |
NET LOSS PER SHARE: BASIC AND DILUTED (In dollares per share) | $ (0.01) | $ (0.01) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED (In shares) | 6,079,000 | 6,079,000 |
STATEMENTS OF STOCKHOLDERS' EQU
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total |
Balance at Jan. 31, 2014 | $ 6,079 | $ 20,501 | $ (12,249) | $ 14,331 |
Balance (in shares) at Jan. 31, 2014 | 6,079,000 | |||
Net loss | (31,154) | (31,154) | ||
Balance at Jan. 31, 2015 | $ 6,079 | 20,501 | (43,403) | $ (16,823) |
Balance (in shares) at Jan. 31, 2015 | 6,079,000 | 6,079,000 | ||
Advances forgiven | 17,348 | $ 17,348 | ||
Net loss | (37,560) | (37,560) | ||
Balance at Jan. 31, 2016 | $ 6,079 | $ 37,849 | $ (80,963) | $ (37,035) |
Balance (in shares) at Jan. 31, 2016 | 6,079,000 | 6,079,000 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Jan. 31, 2016 | Jan. 31, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (37,560) | $ (31,154) |
Changes in assets and liabilities: | ||
Accounts payable | 2,271 | |
Net Cash Used in Operating Activities | (35,289) | (31,154) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Advances and loans from related parties | 35,114 | 11,320 |
Net Cash Provided by Financing Activities | 35,114 | 11,320 |
Net Change in Cash | (175) | (19,834) |
Cash, beginning of period | $ 175 | 20,009 |
Cash, end of period | $ 175 | |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Interest paid | ||
Income taxes paid | ||
NONCASH TRANSACTIONS: | ||
Advances forgiven | $ 17,348 |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 12 Months Ended |
Jan. 31, 2016 | |
Organization And Nature Of Business [Abstract] | |
ORGANIZATION AND NATURE OF BUSINESS | NOTE 1 – AnyTranslation Corp. ( “ ” “ On September 2, 2015, a change in control of the Company took place by virtue of the Company's largest shareholder and sole officer and director at that time, selling 4,000,000 shares of the Company's common stock to Forestbay Capital Partners II, LLC, a Delaware limited liability company. Such shares represent 65.8% of the Company's total issued and outstanding shares of common stock. As part of the sale of the shares, Forestbay Capital Partners arranged with the former officer and director, prior to his resignation as the sole officer and director of the Company Board, to appoint Mr. Edward Mooney as the sole officer and director of the Company. Mr. Mooney is the Manager of Forestbay Capital Partners II, LLC. On November 12, 2015, we changed our name to Vibe Wireless Corp in connection with merging with our wholly-owned subsidiary and adopted a business plan to pursue business opportunities in the global telecommunications industry. This name change and our ticker symbol change was acknowledged by FINRA and effected in the market on November 23, 2015. We are presently in the process of exploring business opportunities. |
SUMMARY OF SIGNIFCANT ACCOUNTIN
SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | 12 Months Ended |
Jan. 31, 2016 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | NOTE 2 – Development Stage Company The Company has elected to adopt application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements; it no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915. Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America ( “ ” Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $0 and $175 of cash as of January 31, 2016 and 2015, respectively. Fair Value of Financial Instruments The Company ’ Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. 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 estimate. Revenue Recognition The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Company ’ ’ Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its results of operations, financial position or cash flow. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Jan. 31, 2016 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 3 – Prior to the year ended January 31, 2015, a director advanced $16,998 to the Company for operating needs. During the year ended January 31, 2016 the director loaned an additional $350 to the Company’s working capital. On June 29, 2015, the director forgave all his advances of $17,348. The advance forgiveness was recorded as additional paid-in capital during year ended January 31, 2016. On August 28, 2015, the Company’s new officer and director entered into an agreement to loan up to $50,000 to the Company, accruing interest at 8%, due on August 14, 2017, and unsecured. As of January 31, 2016 the Company has received $34,764 in loan proceeds. The balance due to advances and loans from related parties was $34,764 and $16,998 as of January 31, 2016 and 2015, respectively. |
CAPITAL STOCK
CAPITAL STOCK | 12 Months Ended |
Jan. 31, 2016 | |
Equity [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 4 – The Company has 75,000,000, $0.001 par value shares of common stock authorized. No shares were issued during the year ended January 31, 2016. There were 6,079,000 shares of common stock issued and outstanding as of January 31, 2016 and 2015, respectively. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Jan. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 5 – The Company neither owns nor leases any real or personal property. An officer previously provided office services without charge. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future. When and if the Company commences operations or acquires another operating entity, at that time management will consider the need for a dedicated office. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Jan. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | NOTE 6 – As of January 31, 2016, the Company had net operating loss carry forwards of approximately $81,000 that may be available to reduce future years ’ The provision for Federal income tax consists of the following for the periods ended January 31: 2016 2015 Federal income tax benefit attributable to: Current Operations $ 12,770 $ 10,592 Less: valuation allowance (12,770 ) (10,592 ) Net provision for Federal income taxes $ - $ - The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of January 31: 2016 2015 Deferred tax asset attributable to: Net operating loss carryover $ 27,525 $ 14,755 Less: valuation allowance (27,525 ) (14,755 ) Net deferred tax asset $ - $ - Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $81,000 for Federal income tax reporting purposes are subject to annual limitations. Changes in ownership could result in net operating loss carry forwards being limited as to use in future years. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Jan. 31, 2016 | |
Going Concern [Abstract] | |
GOING CONCERN | NOTE 7 – The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. However, the Company had no revenues and accumulated deficit of $80,963 as of January 31, 2016. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management ’ ’ |
SUMMARY OF SIGNIFCANT ACCOUNT14
SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Jan. 31, 2016 | |
Accounting Policies [Abstract] | |
Development Stage Company | Development Stage Company The Company has elected to adopt application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements; it no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915. |
Basis of Presentation | Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. |
Accounting Basis | Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America ( “ ” |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $0 and $175 of cash as of January 31, 2016 and 2015, respectively. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company ’ |
Income Taxes | Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. |
Use of Estimates | 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 estimate. |
Revenue Recognition | Revenue Recognition The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. |
Stock-Based Compensation | Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. |
Basic Income (Loss) Per Share | Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Company ’ ’ |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its results of operations, financial position or cash flow. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Jan. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Schedule of federal income tax benefit | 2016 2015 Federal income tax benefit attributable to: Current Operations $ 12,770 $ 10,592 Less: valuation allowance (12,770 ) (10,592 ) Net provision for Federal income taxes $ - $ - |
Schedule of Deferred tax asset | 2016 2015 Deferred tax asset attributable to: Net operating loss carryover $ 27,525 $ 14,755 Less: valuation allowance (27,525 ) (14,755 ) Net deferred tax asset $ - $ - |
ORGANIZATION AND NATURE OF BU16
ORGANIZATION AND NATURE OF BUSINESS (Detail Textuals) - Forestbay Capital Partners Ii, Llc [Member] | Sep. 02, 2015shares |
Common stock Shares | 4,000,000 |
Percentage of share issued and outstanding | 65.80% |
SUMMARY OF SIGNIFCANT ACCOUNT17
SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Detail Textuals) - USD ($) | Jan. 31, 2016 | Jan. 31, 2015 | Jan. 31, 2014 |
Accounting Policies [Abstract] | |||
Cash and cash equivalents | $ 175 | $ 20,009 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Detail Textuals) - USD ($) | 1 Months Ended | 12 Months Ended | ||
Aug. 28, 2015 | Jun. 29, 2015 | Jan. 31, 2016 | Jan. 31, 2015 | |
Related Party Transaction [Line Items] | ||||
Director advanced | $ 350 | $ 16,998 | ||
Advances and loans from related parties | 34,764 | $ 16,998 | ||
Advances forgiven | 17,348 | |||
Accrued interest rate of loan | 17348.00% | |||
Unsecured Debt | New officer and director | Loan Agreement | ||||
Related Party Transaction [Line Items] | ||||
Director advanced | $ 34,764 | |||
Loan amount | $ 50,000 | |||
Accrued interest rate of loan | 8.00% |
CAPITAL STOCK (Detail Textuals)
CAPITAL STOCK (Detail Textuals) - $ / shares | Jan. 31, 2016 | Jan. 31, 2015 |
Equity [Abstract] | ||
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common share, per value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares issued | 6,079,000 | 6,079,000 |
Common stock, shares outstanding | 6,079,000 | 6,079,000 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | 12 Months Ended | |
Jan. 31, 2016 | Jan. 31, 2015 | |
Federal income tax benefit attributable to: | ||
Current Operations | $ 12,770 | $ 10,592 |
Less: valuation allowance | $ (12,770) | $ (10,592) |
Net provision for Federal income taxes |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | Jan. 31, 2016 | Jan. 31, 2015 |
Deferred tax asset attributable to: | ||
Net operating loss carryover | $ 27,525 | $ 14,755 |
Less: valuation allowance | $ (27,525) | $ (14,755) |
Net deferred tax asset |
INCOME TAXES (Detail Textuals)
INCOME TAXES (Detail Textuals) | 12 Months Ended |
Jan. 31, 2016USD ($) | |
Income Tax Disclosure [Abstract] | |
Net operating loss carryforwards | $ 81,000 |
Expected rate of cumulative tax effect | 34.00% |
GOING CONCERN (Detail Textuals)
GOING CONCERN (Detail Textuals) - USD ($) | Jan. 31, 2016 | Jan. 31, 2015 |
Going Concern [Abstract] | ||
Accumulated deficit | $ (80,963) | $ (43,403) |