Maiden Lane Jewelry (MDNL) 10-Q 21 Jan 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Nov. 30, 2013	Jan. 20, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Romantique Ltd.	'
Entity Central Index Key	'0001574097	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--05-31	'
Document Type	'10-Q	'
Document Period End Date	30-Nov-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	10,441,250

Condensed_Balance_Sheet

Condensed Balance Sheet (USD $)	Nov. 30, 2013	31-May-13
Current Assets:	'	'
Cash and Cash Equivalents	$26,793	$39,086
Accounts Receivable, Net	2,684,243	752,923
Inventories	1,550,234	1,789,394
Prepaid Expenses	7,640	32,031
Deferred Taxes	13,500	13,500
Total Current Assets	4,282,410	2,626,934
Property and Equipment, Net	10,514	10,967
Security Deposits	2,000	2,000
Total Assets	4,294,924	2,639,901
Current Liabilities:	'	'
Accounts Payable	1,884,367	1,679,891
Accrued Expenses	22,320	75,526
Loans Payable - Factor	978,480	'
Loans Payable - Related Parties	209,632	'
Income Taxes Payable	78,743	36,600
Total Current Liabilities	3,173,543	1,792,017
Long-Term Debt:	'	'
Convertible Note Payable - Related Party	74,000	74,000
Total Liabilities	3,247,542	1,866,017
Commitments and Contingencies	'	'
Stockholders' Equity:	'	'
Preferred Stock, $.0001 par value; 10,000,000 shares authorized, none issued and outstanding at November 30, 2013 and May 31, 2013	'	'
Common Stock, $.0001 par value; 50,000,000 shares authorized, 10,441,250 and 10,353,750 shares issued and outstanding at November 30, 2013 and May 31, 2013, respectively	1,044	1,035
Additional Paid-In Capital	845,558	685,567
Retained Earnings	200,780	87,282
Total Stockholders' Equity	1,047,382	773,884
Total Liabilities and Stockholders' Equity	$4,294,924	$2,639,901

Condensed_Balance_Sheet_Parent

Condensed Balance Sheet (Parenthetical) (USD $)	Nov. 30, 2013	31-May-13
Balance Sheet [Abstract]	'	'
Preferred Stock, par value	$0.00	$0.00
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	'	'
Preferred stock, shares outstanding	'	'
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	50,000,000	50,000,000
Common Stock, shares issued	10,441,250	10,353,750
Common Stock, shares outstanding	10,441,250	10,353,750

Condensed_Statement_of_Income

Condensed Statement of Income (USD $)	3 Months Ended		6 Months Ended
	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013
Income Statement [Abstract]	'	'	'
Sales - Net	$1,525,577	$1,460,484	$3,816,315
Costs and Expenses:	'	'	'
Cost of Sales	1,192,704	1,191,505	2,817,163
Officer's Compensation	6,001	44,250	78,556
Professional and Consulting Fees	155,530	14,725	351,167
Selling, General and Administrative Expenses	166,175	14,506	378,081
Provision for Bad Debts	'	14,600	'
Total Costs and Expenses	1,520,410	1,279,586	3,624,967
Income from Operations	5,167	180,898	191,348
Other Income (Expense):	'	'	'
Interest Expense - Related Party	-740	-600	-1,480
Interest Expense - Accounts Receivable Financings	-13,470	'	-13,470
Total Other Income (Expense)	-14,210	-600	-14,950
Income (Loss) before Income Tax Provision	-9,043	180,298	176,398
Income Tax Provision	3,700	61,000	62,900
Net Income (Loss)	($12,743)	$119,298	$113,498
Income (Loss) Per Common Share - Basic	$0	$0.01	$0.01
Basic Weighted Average Shares	10,368,173	10,000,000	10,360,922
Income (Loss) Per Common Share - Diluted	$0	$0.01	$0.01
Diluted Weighted Average Shares	10,405,173	10,023,639	10,397,922

Condensed_Statement_of_Stockho

Condensed Statement of Stockholders' Equity (Unaudited) (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Beginning balance at May. 31, 2013	$773,884	$1,035	$685,567	$87,282
Beginning balance, Shares at May. 31, 2013	'	10,353,750	'	'
Issuance of Common Stock for services	175,000	9	174,991	'
Issuance of Common Stock for services, Shares	'	87,500	'	'
Offering Costs	-15,000	'	-15,000	'
Net Income for the Six Months Ended November 30, 2013	113,498	'	'	113,498
Ending balance at Nov. 30, 2013	$1,047,382	$1,044	$845,558	$200,780
Ending balance Shares at Nov. 30, 2013	'	10,441,250	'	'

Condensed_Statement_of_Cash_Fl

Condensed Statement of Cash Flows (USD $)	3 Months Ended	6 Months Ended
	Nov. 30, 2012	Nov. 30, 2013
Cash Flows from Operating Activities:	'	'
Net Income	$119,298	$113,498
Adjustments to Reconcile Net Income to Net Cash (Used) in Operating Activities:	'	'
Depreciation	80	1,603
Common Stock Issued for Services	'	175,000
Deferred Taxes	-7,000	'
Reserve for Doubtful Accounts and Sales Returns and Allowances	28,600	1,824
Changes in Assets and Liabilities:	'	'
(Increase) in Accounts Receivable	-1,462,379	-1,965,228
Decrease in Inventories	'	239,160
Decrease in Prepaid Expenses	'	24,391
Increase in Accounts Payable	1,172,358	204,476
Increase (Decrease) in Accrued Expenses	54,090	-21,122
Increase in Income Taxes Payable	68,000	42,143
Net Cash (Used) in Operating Activities	-26,953	-1,184,255
Cash Flows from Investing Activities:	'	'
Capital Expenditures	-4,808	-1,150
Net Cash (Used) In Investing Activities	-4,808	-1,150
Cash Flows from Financing Activities:	'	'
Proceeds from Sale of Common Stock	1,000	'
Proceeds of Convertible Note - Related Party	74,000	'
Proceeds of Loans Payable - Related Parties	'	354,632
Payments of Loans Payable - Related Parties	'	-145,000
Payments of Offering Costs	-16,200	-15,000
Proceeds from Loans Payable - Factor	'	978,480
Net Cash Provided by Financing Activities	58,800	1,173,112
Increase (Decrease) in Cash and Cash Equivalents	27,039	-12,293
Cash and Cash Equivalents - Beginning of Period	'	39,086
Cash and Cash Equivalents - End of Period	27,039	26,793
Supplemental Disclosure of Cash Flow Information	'	'
Interest Paid	'	7,309
Income Taxes Paid	'	$25,850

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Nov. 30, 2013
Summary of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	NOTE 1 -                Summary of Significant Accounting Policies
	Organization and Basis of Presentation
	Romantique Ltd. (“the Company”) was incorporated on September 6, 2012 under the laws of the State of New York.  The Company is a wholesaler and manufacturer of jewelry including pendants, bracelets and earrings.  Operations commenced on October 1, 2012 and the Company has selected May 31 as its fiscal year.
	In the opinion of the Company’s management, the accompanying unaudited condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the information set forth therein.  These financial statements are condensed and therefore do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.  These condensed financial statements should be read in conjunction with the Company’s May 31, 2013 audited financial statements and notes included in the registration statement on Form S-1, Amendment No. 3 filed on September 3, 2013.
	Results of operations for interim periods are not necessarily indicative of the results of operations for a full year.
	Cash and Cash Equivalents
	The Company considers all highly-liquid investments purchased with a maturity of three months or less to be cash equivalents.  As of November 30, 2013 and 2012, the Company did not have any cash equivalents.
	Inventories
	Inventories are stated at the lower of cost or market, with cost determined using the first-in, first-out method.
	Property and Equipment
	Property and equipment is carried at cost less accumulated depreciation.  Depreciation is computated by the straight-line method over the estimated useful lives of the related assets, which is five years.
	Revenue Recognition
	For revenue from product sales, the Company recognizes revenue in accordance with Staff Accounting Bulletin No. 104, “Revenue Recognition” (SAB No. 104), which superseded Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements” (SAB No. 101).  SAB No. 104 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured.  Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts.  Provisions for discounts and rebates to customers, estimated returns and allowance, and other adjustments are provided for in the same period the related sales are recorded. Provision for sales returns and allowances that were netted against sales amounted to $30,190 for the six months ended November 30, 2013 and $14,000 for the period September 6, 2012 (inception) to November 30, 2012.
	Advertising Costs
	Advertising costs are charged to operations when incurred.  Advertising costs during the six months ended November 30, 2013 was $2,100.  There were no advertising costs incurred during the period September 6, 2012 (inception) through November 30, 2012.
	Deferred Income Taxes
	The Company accounts for deferred income taxes using the asset and liability method, the objective of which is to establish deferred tax assets and liabilities for the temporary differences between the financial reporting and the tax bases of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled.  A valuation allowance related to deferred tax assets is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	Net Income Per Share
	Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding.
	The following provides a reconciliation of the shares used in calculating the per share amounts for the periods presented:
		For the Six		For the Period
		Months Ended		6-Sep-12
		November 30,		(Inception) to
		2013		November 30,
				2012
		(Unaudited)
	Numerator:
	Net income	$	113,498	$	119,298
	Denominator:
	Basic weighted-average shares		10,360,922		10,000,000
	Effect of dilutive securities:
	Convertible Debt		37,000		23,639
	Diluted weighted-average shares		10,397,922		10,023,639
	Accounting Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reported period.  Actual results could differ from those estimates.  Management uses its best judgment in valuing these estimates, and may, as warranted, solicit external professional advice and other assumptions believed to be reasonable.
	Fair Value Measurements
	The authoritative guidance for fair value measurements defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or the most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact, and (iv) willing to transact.  The guidance describes a fair value hierarchy based on the levels of inputs, or which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:
	Level 1:  Quoted prices in active markets for identical assets or liabilities.
	Level 2:  Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities.
	Level 3:  Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities.
	The Company's financial instruments include cash and cash equivalents, accounts receivable and accounts payable.  These items are determined to be a Level 1 fair value measurement.
	The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and loans payable approximates fair value because of the short maturity of these instruments.  The recorded value of long-term debt approximates its fair value as the terms and rates approximate market rates.
	Recent Accounting Pronouncements
	Management does not believe there would have been a material effect on the accompanying financial statements had any recently issued, but not yet effective, accounting standards been adopted in the current period.

Inventories

Inventories	6 Months Ended
	Nov. 30, 2013
Inventories [Abstract]	'
Inventories	'
	NOTE 2 -                Inventories
	Inventories consist of the following:
		November 30,		May 31,
		2013		2013
		(Unaudited)
	Raw Materials	$	1,127,955	$	1,508,981
	Finished Goods		378,648		228,848
	Sales Samples		43,631		51,565
		$	1,550,234	$	1,789,394
	Inventories are pledged as security for the Company’s Accounts Receivable Financing Agreement (see Note 8).

Property_and_Equipment

Property and Equipment	6 Months Ended
	Nov. 30, 2013
Property and Equipment [Abstract]	'
Property and Equipment	'
	NOTE 3 -                Property and Equipment
	Property and equipment consists of the following:
		November 30,		May 31,
		2013		2013
		(Unaudited)
	Office Equipment	$	8,066	$	6,916
	Computers		4,808		4,808
			12,874		11,724
	Less:  Accumulated Depreciation		2,360		757
		$	10,514	$	10,967
	Depreciation expense was $1,603 for the six months ended November 30, 2013 and $80 for the period September 6, 2012 (inception) through November 30, 2012.

Convertible_Note_Payable_Relat

Convertible Note Payable - Related Party	6 Months Ended
	Nov. 30, 2013
Convertible Note Payable - Related Party [Abstract]	'
Convertible Note Payable - Related Party	'
	NOTE 4 -                Convertible Note Payable – Related Party
	Convertible note payable to the Company’s president is summarized as follows:
		November 30,		May 31,
		2013		2013
		(Unaudited)
	Note Payable, bearing interest at 4% per annum, and due December 31, 2015. The note is Convertible into shares of the Company’s Common stock at a conversion rate of $2 per share, subject to adjustment upon the occurrence of certain events including stock dividends, stock split or combinations and reclassifications.	$	74,000	$	74,000

Loans_Payable_Related_Parties

Loans Payable - Related Parties	6 Months Ended
	Nov. 30, 2013
Loans Payable - Related Party [Abstract]	'
Loans Payable - Related Parties	'
	NOTE 5 -                Loans Payable – Related Parties
	Loans payable to related parties is summarized as follows:
		November 30,		May 31,
		2013		2013
		(Unaudited)
	Loans payable to the Company’s President and CEO. The loans are payable on demand and non-interest bearing, and are subordinated to the factor.	$	209,632	$	-

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Nov. 30, 2013
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	NOTE 6 -                Commitments and Contingencies
	In July 2013 the Company entered into a three year consulting agreement with Sands Point Associates, LLC and its CEO, Robert McMullan.  The compensation for the first year is $125,000, the second year is $200,000 and the third year is $200,000.  The agreement calls for the Company to issue Mr. McMullan an aggregate of 500,000 shares of common stock of which 50,000 shares vested upon the commencement and 450,000 shares shall be subject to quarterly vesting over three years while the agreement is in full force and effect.  In addition, the consultant may be eligible for performance bonuses and calls for reimbursement of out of pocket expenses.  This consulting agreement may be terminated by either party, with or without cause, upon thirty days written notice.  The Company recorded consulting fee expense of $226,900 for the six months ended November 30, 2013 of which $100,000 was in connection with the 50,000 shares vested.  Additionally the Company issued 37,500 shares which were vested at $2 per share at November 1, 2013 for $75,000.
	On October 9, 2013 the Company entered into a four month consultant agreement with a consultant.  The consultant agreement calls for the issuance of 25,000 shares of the Company’s common stock as compensation.  The shares are to be issued under a Form S-8 Registration to be undertaken by the Company as soon as practicable.  No shares have been earned or issued under this agreement.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Nov. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	NOTE 7 -                 Related Party Transactions
	On October 1, 2012 the Company entered into a one-year consulting agreement with Isaac Gurary, under which he was to provide certain business and corporate marketing services to the Company for an annual consulting fee of 3% of net sales during the term of the agreement.  As of November 30, 2013 the amount owed to Mr. Gurary was $78,556.  As at May 31, 2013, the Company has recorded accrued compensation to Mr. Gurary in the amount of $64,531.  These amounts are included in accounts payable and accrued expenses respectively at November 30, 2013 and May 31, 2013, respectively.  Mr. Gurary serves as the Company’s President and is a significant stockholder of the Company.
	During the six months ended November 30, 2013, the Company purchased approximately 59% of its merchandise from Classique Creations LLC (“Classique”), a company that is owned by the mother of the Company’s President.
	Included in accounts payable at November 30, 2013 and May 31, 2013 are amounts owed to Classique totaling $1,650,428 and $656,002, respectively.
	Included in cost of sales for the six months ended November 30, 2013 are amounts attributable to Classique of approximately $1,643,000.
	Payment terms to Classique are one to twelve months and the manner of settlement is cash payment.
	Pursuant to the Accounts Receivable Financing Agreement (See Note 8), accounts payable to Classique totaling $500,000 are subordinated to the finance company.
	The Company rents office space from a Company affiliated with the Company’s president on a month to month basis.  The agreement calls for rent at $2,060 per month.  Rent expense was $14,360 for the six months ended November 30, 2013, and $4,000 for the period September 6, 2012 (Inception) to November 30, 2012.

Financing_Agreement

Financing Agreement	6 Months Ended
	Nov. 30, 2013
Financing Agreement [Abstract]	'
Financing Agreement	'
	NOTE 8 -                Financing Agreement
	On September 30, 2013 the Company entered into an Account Receivable Financing Agreement with Rosenthal & Rosenthal, Inc. (“Rosenthal”) pursuant to which Rosenthal shall provide the Company with a line of credit up to $1,000,000.  Loans made under the Accounts Receivable Financing Agreement bear interest at prime rate plus 3.5% and are subject to certain financial covenants.  As security for these loans, Rosenthal has placed liens on the Company’s accounts receivable, inventories, and all other assets.  In addition, the loans have been personally guaranteed by Yitzchok Gurary, and his parents, Mordechai Gurary and Leah Gurary.
	The Accounts Receivable Financing Agreement calls for the subordination of certain of the Company’s debt as follows:
	Accounts Payable – Classique Creations, LLC	$	500,000
	Demand Loans Payable – Yitzchok Gurary	$	209,000
	In addition, the Company has granted Rosenthal a Landlord Subordination agreement.
	In connection with the Accounts Receivable Finance Agreement, the Company has borrowed $978,480 net as of November 30, 2013.  The Accounts Receivable Financing Agreement expires September 30, 2015.

Preferred_Stock

Preferred Stock	6 Months Ended
	Nov. 30, 2013
Preferred Stock [Abstract]	'
Preferred Stock	'
	NOTE 9 -                Preferred Stock
	The Company’s Board of Directors may issue shares of preferred stock in series and at the time of issuance, determine the rights, preferences and limitation of each series. The holders of preferred stock may be entitled to receive a preference payment in the event of any liquidation, dissolution or winding-up of the Company before any payment is made to the holders of the common stock. Furthermore, the board of directors could issue preferred stock with voting and other rights that could adversely affect the voting power of the holders of the common stock.

Major_Suppliers

Major Suppliers	6 Months Ended
	Nov. 30, 2013
Major Suppliers [Abstract]	'
Major Suppliers	'
	NOTE 10 -              Major Suppliers
	During the six months ended November 30, 2013, the Company purchased approximately $1,643,000 (approximately 59%) of its merchandise from one manufacturer that is a related party (see Note 7).
	In addition, the Company purchased merchandise from 1 vendor which amounted to approximately 18% of total purchases during the six months ended November 30, 2013.

Income_Taxes

Income Taxes	6 Months Ended
	Nov. 30, 2013
Income Taxes [Abstract]	'
Income Taxes	'
	NOTE 11 -              Income Taxes
	Income tax provision consists of the following:
		For the Six			For the Period
		Months Ended			6-Sep-12
		November 30,			(Inception) to
		2013			November 30,
					2012
		(Unaudited)
	Current:
	Federal	$	57,400		$	63,000
	State and Local		5,500			5,000
			62,900			68,000
	Deferred:
	Federal (Benefit)		-			(5,000	)
	State and Local (Benefit)		-			(2,000	)
			-			(7.000	)
		$	62,900		$	61,000
	Deferred tax assets consist of the following:
		November 30,			May 31,
		2013			2013
		(Unaudited)
	Reserve for Bad Debts	$	7,000		$	7,000
	Reserves for Sales Returns and Allowances		6,500			6,500
			13,500			13,500
	The federal statutory income tax rate is reconciled to the effective rate as follows:
		For the Six			For the Period
		Months Ended			6-Sep-12
		November 30,			(Inception) to
		2013			November 30,
					2012
		(Unaudited)
	Tax provision at Federal Statutory rate		34	%		34	%
	State and local income taxes, net of federal tax benefit		(2.1	)		1.7
	Provision for bad debts and allowances for sales returns		-			(1.9	)
	Effective tax rate		31.9	%		33.8	%

Subsequent_Events

Subsequent Events	6 Months Ended
	Nov. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 12 -                Subsequent Events
	On December 3, 2013, Sands Point Associates, LLC, a consultant for the company, notified the company of its intent to terminate the consulting agreement dated July 26, 2013.  Pursuant to the terms of the consulting agreement, the termination took effect January 2, 2014.  There is no additional compensation due Sands Point Associates, LLC.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Nov. 30, 2013
Summary of Significant Accounting Policies [Abstract]	'
Organization and Basis of Presentation	'
	Organization and Basis of Presentation
	Romantique Ltd. (“the Company”) was incorporated on September 6, 2012 under the laws of the State of New York.  The Company is a wholesaler and manufacturer of jewelry including pendants, bracelets and earrings.  Operations commenced on October 1, 2012 and the Company has selected May 31 as its fiscal year.
	In the opinion of the Company’s management, the accompanying unaudited condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the information set forth therein.  These financial statements are condensed and therefore do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.  These condensed financial statements should be read in conjunction with the Company’s May 31, 2013 audited financial statements and notes included in the registration statement on Form S-1, Amendment No. 3 filed on September 3, 2013.
	Results of operations for interim periods are not necessarily indicative of the results of operations for a full year.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers all highly-liquid investments purchased with a maturity of three months or less to be cash equivalents.  As of November 30, 2013 and 2012, the Company did not have any cash equivalents.
Inventories	'
	Inventories
	Inventories are stated at the lower of cost or market, with cost determined using the first-in, first-out method.
Property and Equipment	'
	Property and Equipment
	Property and equipment is carried at cost less accumulated depreciation.  Depreciation is computated by the straight-line method over the estimated useful lives of the related assets, which is five years.
Revenue Recognition	'
	Revenue Recognition
	For revenue from product sales, the Company recognizes revenue in accordance with Staff Accounting Bulletin No. 104, “Revenue Recognition” (SAB No. 104), which superseded Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements” (SAB No. 101).  SAB No. 104 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured.  Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts.  Provisions for discounts and rebates to customers, estimated returns and allowance, and other adjustments are provided for in the same period the related sales are recorded. Provision for sales returns and allowances that were netted against sales amounted to $30,190 for the six months ended November 30, 2013 and $14,000 for the period September 6, 2012 (inception) to November 30, 2012.
Advertising Costs	'
	Advertising Costs
	Advertising costs are charged to operations when incurred.  Advertising costs during the six months ended November 30, 2013 was $2,100.  There were no advertising costs incurred during the period September 6, 2012 (inception) through November 30, 2012.
Deferred Income Taxes	'
	Deferred Income Taxes
	The Company accounts for deferred income taxes using the asset and liability method, the objective of which is to establish deferred tax assets and liabilities for the temporary differences between the financial reporting and the tax bases of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled.  A valuation allowance related to deferred tax assets is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Net Income Per Share	'
	Net Income Per Share
	Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding.
	The following provides a reconciliation of the shares used in calculating the per share amounts for the periods presented:
		For the Six		For the Period
		Months Ended		6-Sep-12
		November 30,		(Inception) to
		2013		November 30,
				2012
		(Unaudited)
	Numerator:
	Net income	$	113,498	$	119,298
	Denominator:
	Basic weighted-average shares		10,360,922		10,000,000
	Effect of dilutive securities:
	Convertible Debt		37,000		23,639
	Diluted weighted-average shares		10,397,922		10,023,639
Accounting Estimates	'
	Accounting Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reported period.  Actual results could differ from those estimates.  Management uses its best judgment in valuing these estimates, and may, as warranted, solicit external professional advice and other assumptions believed to be reasonable.
Fair Value Measurements	'
	Fair Value Measurements
	The authoritative guidance for fair value measurements defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or the most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact, and (iv) willing to transact.  The guidance describes a fair value hierarchy based on the levels of inputs, or which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:
	Level 1:  Quoted prices in active markets for identical assets or liabilities.
	Level 2:  Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities.
	Level 3:  Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities.
	The Company's financial instruments include cash and cash equivalents, accounts receivable and accounts payable.  These items are determined to be a Level 1 fair value measurement.
	The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and loans payable approximates fair value because of the short maturity of these instruments.  The recorded value of long-term debt approximates its fair value as the terms and rates approximate market rates.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	Management does not believe there would have been a material effect on the accompanying financial statements had any recently issued, but not yet effective, accounting standards been adopted in the current period.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Nov. 30, 2013
Summary of Significant Accounting Policies [Abstract]	'
Schedule of reconciliation of the shares used in calculating the per share amounts	'
		For the Six		For the Period
		Months Ended		6-Sep-12
		November 30,		(Inception) to
		2013		November 30,
				2012
		(Unaudited)
	Numerator:
	Net income	$	113,498	$	119,298
	Denominator:
	Basic weighted-average shares		10,360,922		10,000,000
	Effect of dilutive securities:
	Convertible Debt		37,000		23,639
	Diluted weighted-average shares		10,397,922		10,023,639

Inventories_Tables

Inventories (Tables)	6 Months Ended
	Nov. 30, 2013
Inventories [Abstract]	'
Schedule of Inventories	'
		November 30,		May 31,
		2013		2013
		(Unaudited)
	Raw Materials	$	1,127,955	$	1,508,981
	Finished Goods		378,648		228,848
	Sales Samples		43,631		51,565
		$	1,550,234	$	1,789,394

Property_and_Equipment_Tables

Property and Equipment (Tables)	6 Months Ended
	Nov. 30, 2013
Property and Equipment [Abstract]	'
Schedule of property and equipment	'
		November 30,		May 31,
		2013		2013
		(Unaudited)
	Office Equipment	$	8,066	$	6,916
	Computers		4,808		4,808
			12,874		11,724
	Less:  Accumulated Depreciation		2,360		757
		$	10,514	$	10,967

Convertible_Note_Payable_Relat1

Convertible Note Payable - Related Party (Tables)	6 Months Ended
	Nov. 30, 2013
Convertible Note Payable - Related Party [Abstract]	'
Schedule of Convertible note payable	'
		November 30,		May 31,
		2013		2013
		(Unaudited)
	Note Payable, bearing interest at 4% per annum, and due December 31, 2015. The note is Convertible into shares of the Company’s Common stock at a conversion rate of $2 per share, subject to adjustment upon the occurrence of certain events including stock dividends, stock split or combinations and reclassifications.	$	74,000	$	74,000

Loans_Payable_Related_Parties_

Loans Payable - Related Parties (Tables)	6 Months Ended
	Nov. 30, 2013
Loans Payable - Related Party [Abstract]	'
Schedule of loans payable to related parties	'
		November 30,		May 31,
		2013		2013
		(Unaudited)
	Loans payable to the Company’s President and CEO. The loans are payable on demand and non-interest bearing, and are subordinated to the factor.	$	209,632	$	-

Financing_Agreement_Tables

Financing Agreement (Tables)	6 Months Ended
	Nov. 30, 2013
Financing Agreement [Abstract]	'
Schedule of financing agreement calls for the subordination of company's debt	'
	Accounts Payable – Classique Creations, LLC	$	500,000
	Demand Loans Payable – Yitzchok Gurary	$	216,000

Income_Taxes_Tables

Income Taxes (Tables)	6 Months Ended
	Nov. 30, 2013
Income Taxes [Abstract]	'
Schedule of Income tax provision	'
		For the Six			For the Period
		Months Ended			6-Sep-12
		November 30,			(Inception) to
		2013			November 30,
					2012
		(Unaudited)
	Current:
	Federal	$	57,400		$	63,000
	State and Local		5,500			5,000
			62,900			68,000
	Deferred:
	Federal (Benefit)		-			(5,000	)
	State and Local (Benefit)		-			(2,000	)
			-			(7.000	)
		$	62,900		$	61,000
Schedule of Deferred tax assets	'
		November 30,			May 31,
		2013			2013
		(Unaudited)
	Reserve for Bad Debts	$	7,000		$	7,000
	Reserves for Sales Returns and Allowances		6,500			6,500
			13,500			13,500
Schedule of Federal statutory income tax rate reconciled to effective rate	'
		For the Six			For the Period
		Months Ended			6-Sep-12
		November 30,			(Inception) to
		2013			November 30,
					2012
		(Unaudited)
	Tax provision at Federal Statutory rate		34	%		34	%
	State and local income taxes, net of federal tax benefit		(2.1	)		1.7
	Provision for bad debts and allowances for sales returns		-			(1.9	)
	Effective tax rate		31.9	%		33.8	%

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended		6 Months Ended
	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013
Numerator:	'	'	'
Net Income	($12,743)	$119,298	$113,498
Denominator:	'	'	'
Basic weighted-average shares	10,368,173	10,000,000	10,360,922
Effect of dilutive securities:	'	'	'
Convertible Debt	'	23,639	37,000
Diluted weighted-average shares	10,405,173	10,023,639	10,397,922

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details Textual) (USD $)	3 Months Ended	6 Months Ended
	Nov. 30, 2012	Nov. 30, 2013
Summary of Significant Accounting Policies (Textual)	'	'
Estimated useful lives of the assets	'	'5 years
Provision for sales returns and allowances	$14,000	$30,190
Advertising costs	$0	$2,100

Inventories_Details

Inventories (Details) (USD $)	Nov. 30, 2013	31-May-13
Schedule of Inventory	'	'
Raw Materials	$1,127,955	$1,508,981
Finished Goods	378,648	228,848
Sales Samples	43,631	51,565
Total	$1,550,234	$1,789,394

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)	Nov. 30, 2013	31-May-13
Schedule of property and equipment	'	'
Property and equipment, gross	$12,874	$11,724
Less: Accumulated Depreciation	2,360	757
Property and equipment, net	10,514	10,967
Office Equipment [Member]	'	'
Schedule of property and equipment	'	'
Property and equipment, gross	8,066	6,916
Computers [Member]	'	'
Schedule of property and equipment	'	'
Property and equipment, gross	$4,808	$4,808

Property_and_Equipment_Details1

Property and Equipment (Details Textual) (USD $)	3 Months Ended	6 Months Ended
	Nov. 30, 2012	Nov. 30, 2013
Property and Equipment (Textual)	'	'
Depreciation expense	$80	$1,603

Convertible_Note_Payable_Relat2

Convertible Note Payable - Related Party (Details) (USD $)	Nov. 30, 2013	31-May-13
Summary of convertible notes payable	'	'
Convertible Note Payable - Related Party	$74,000	$74,000

Convertible_Note_Payable_Relat3

Convertible Note Payable - Related Party (Details Textual) (USD $)	Nov. 30, 2013
Convertible Notes Payable - Related Party (Textual)	'
Note Payable, bearing interest	4.00%
Note Payable, bearing interest due date	31-Dec-15
Convertible common stock conversion	$2

Loans_Payable_Related_Parties_1

Loans Payable - Related Parties (Details) (USD $)	Nov. 30, 2013	31-May-13
Summary of loans payable related parties	'	'
Loans payable to the Company's President and CEO. The loans are payable on demand and non-interest bearing, and are subordinated to the factor.	$209,632	'
President and CEO [Member]	'	'
Summary of loans payable related parties	'	'
Loans payable to the Company's President and CEO. The loans are payable on demand and non-interest bearing, and are subordinated to the factor.	$209,632	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	Nov. 30, 2013	31-May-13	Oct. 09, 2013	Oct. 01, 2012	Nov. 01, 2013	Nov. 30, 2013	Jul. 31, 2013	Nov. 30, 2013
			Compensation fee [Member]	Issac Gurary [Member]	Sands Point Associates [Member]	Sands Point Associates [Member]	Robert McMullan [Member]	Robert McMullan [Member]
							Compensation fee [Member]	Compensation fee [Member]
Commitments and contingencies (Textual)	'	'	'	'	'	'	'	'
Compensation fee for the first year	'	'	'	'	'	'	$125,000	'
Compensation fee for the second year	'	'	'	'	'	'	200,000	'
Compensation fee for the third year	'	'	'	'	'	'	200,000	'
Consulting agreement period	'	'	'	'1 year	'	'	'3 years	'
Aggregate shares of common stock	10,441,250	10,353,750	25,000	'	'	'	'	500,000
Shares of common stock vested	'	'	'	'	'	'	'	50,000
Number of shares subject to quarterly vesting	'	'	'	'	'	'	'	450,000
Consulting Fees	'	'	'	'	'	'	'	226,900
Common stock issued to Robert McMullan, Value	'	'	'	'	$37,500	$100,000	'	'
Common stock issued to Robert McMullan, Shares	'	'	'	'	75,000	50,000	'	'
Common stock, per share	$0.00	$0.00	'	'	$2	'	'	'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended	6 Months Ended				0 Months Ended
	Nov. 30, 2012	Nov. 30, 2013	31-May-13	Nov. 30, 2013	Nov. 30, 2013	Oct. 01, 2012	Nov. 30, 2013	31-May-13
				Financing Agreement [Member]	Related Party Transaction [Member]	Issac Gurary [Member]	Issac Gurary [Member]	Issac Gurary [Member]
					Financing Agreement [Member]
Related Party Transactions (Textual)	'	'	'	'	'	'	'	'
Consulting agreement period	'	'	'	'	'	'1 year	'	'
Percentage of annual consulting fee	'	'	'	'	'	3.00%	'	'
Amount owed to Mr.Gurary	'	'	'	'	'	'	$78,556	'
Accrued compensation expenses	'	'	'	'	'	'	'	64,531
Purchase of its merchandise from Classique Creations LLC (Percentage)	'	59.00%	'	'	'	'	'	'
Accounts payable to Classique Creations LLC	'	1,650,428	656,002	'	'	'	'	'
Cost of sales to Classique Creations LLC	'	1,643,000	'	'	'	'	'	'
Cash payment terms to Classique Creations LLC	'	'one to twelve months	'	'	'	'	'	'
Rent expenses per month	'	2,060	'	'	'	'	'	'
Rent expense	4,000	14,360	'	'	'	'	'	'
Borrowings	'	'	'	$978,480	$500,000	'	'	'

Financing_Agreement_Details

Financing Agreement (Details) (Financing Agreement [Member], USD $)	Nov. 30, 2013
Financing Agreement [Member]	'
Subordinated Borrowing [Line Items]	'
Accounts Payable - Classique Creations, LLC	$500,000
Demand Loans Payable - Yitzchok Gurary	$216,000

Financing_Agreement_Details_Te

Financing Agreement (Details Textual) (Financing Agreement [Member], USD $)	1 Months Ended	6 Months Ended
	Sep. 30, 2013	Nov. 30, 2013
Financing Agreement [Member]	'	'
Financing Agreement (Textual)	'	'
Line of credit	$1,000,000	'
Line of credit interest description	'Interest at prime rate plus 3.5	'
Borrowings	'	$978,480
Finance agreement Expiration Date	'	30-Sep-15

Major_Suppliers_Details

Major Suppliers (Details) (USD $)	6 Months Ended
	Nov. 30, 2013
Major Suppliers (Textual)	'
Purchase of merchandise from one manufacturer that is a related party, Percentage	59.00%
Purchase of merchandise from one manufacturer that is a related party	$1,643,000
Vendor 1 [Member]	'
Major Suppliers (Textual)	'
Percentage of merchandise from vendors	18.00%

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		6 Months Ended
	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013
Current:	'	'	'
Federal	'	$63,000	$57,400
State and Local	'	5,000	5,500
Income tax provision, Current	'	68,000	62,900
Deferred:	'	'	'
Federal (Benefit)	'	-5,000	'
State and Local (Benefit)	'	-2,000	'
Income tax provision, Deferred	'	-7,000	'
Income tax provision, Total	$3,700	$61,000	$62,900

Income_Taxes_Details_1

Income Taxes (Details 1) (USD $)	Nov. 30, 2013	31-May-13
Summary of deferred tax assets	'	'
Reserve for Bad Debts	$7,000	$7,000
Reserves for Sales Returns and Allowances	6,500	6,500
Deferred tax assets, Total	$13,500	$13,500

Income_Taxes_Details_2

Income Taxes (Details 2)	3 Months Ended	6 Months Ended
	Nov. 30, 2012	Nov. 30, 2013
Summary of federal statutory income tax rate is reconciled to the effective rate	'	'
Tax provision at Federal Statutory rate	34.00%	34.00%
State and local income taxes, net of federal tax benefit	1.70%	-2.10%
Provision for bad debts and allowances for sales returns	-1.90%	'
Effective tax rate	33.80%	31.90%

Subsequent_Events_Details

Subsequent Events (Details)	6 Months Ended
	Nov. 30, 2013
Subsequent Events (Textual)	'
Effective termination date under consulting agreement	'Pursuant to the terms of the consulting agreement, the termination took effect January 2, 2014.