Drone Guarder (DRNG) 10-Q 27 May 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	3 Months Ended
	Apr. 30, 2014
Document and Entity Information:	'
Entity Registrant Name	'Blue Fashion Corp.
Document Type	'10-Q
Document Period End Date	30-Apr-14
Amendment Flag	'false
Entity Central Index Key	'0001574863
Current Fiscal Year End Date	'--01-31
Entity Common Stock, Shares Outstanding	6,545,000
Entity Public Float	$0
Entity Filer Category	'Smaller Reporting Company
Entity Current Reporting Status	'Yes
Entity Voluntary Filers	'Yes
Entity Well-known Seasoned Issuer	'No
Document Fiscal Year Focus	'2015
Document Fiscal Period Focus	'Q1

Condensed_Balance_sheets

Condensed Balance sheets (USD $)	Apr. 30, 2014	Jan. 31, 2014
Assets, Current	'	'
Cash and Cash Equivalents, at Carrying Value	$4,397	$9,283
Assets, Noncurrent	'	'
Furniture and Equipment, Gross	790	842
Assets	5,187	10,125
Liabilities, Noncurrent	'	'
Loan from director, Noncurrent	6,623	6,623
Liabilities	6,623	6,623
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'
Common Stock, value issued and outstanding	6,545	6,545
Additional Paid in Capital, Common Stock	13,305	13,305
Deficit accumulated during the development stage (Accumulated Deficit)	-21,286	-16,348
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	-1,436	3,502
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures	'	'
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares Issued	6,545,000	6,545,000
Common Stock, Shares Outstanding	6,545,000	6,545,000
Liabilities and Equity	$5,187	$10,125

Balance_Sheet_Parenthetical

Balance Sheet - Parenthetical (USD $)	Apr. 30, 2014	Jan. 31, 2014
Balance Sheets	'	'
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares Issued	6,545,000	6,545,000
Common Stock, Shares Outstanding	6,545,000	6,545,000

Condensed_Statement_of_Operati

Condensed Statement of Operations (Unaudited) (USD $)	3 Months Ended		24 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014
Revenues	'	'	'
Revenues	$0	$0	$0
Amortization of Deferred Charges	'	'	'
Depreciation, Depletion and Amortization, Nonproduction	52	52	260
Professional Fees	4,880	8,700	19,670
Business Licenses and Permits, Operating	'	'	715
Website Expense	0	0	0
General and Administrative Expense	0	0	0
Selling, General and Administrative Expense	'	'	0
Bank fees	6	91	641
Total Operating Expenses	4,938	8,843	21,286
Net loss from operations	-4,938	-8,843	-21,286
Income Tax Expense (Benefit)	'	'	'
Provision for Income Taxes (Benefit)	0	0	0
Net Income (Loss)	($4,938)	($8,843)	($21,286)
Earnings Per Share	'	'	'
Weighted Average Number of Shares Outstanding, Basic	6,545,000	5,000,000	5,000,000
Earnings Per Share, Basic and Diluted	$0	$0	$0

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (unaudited) (USD $)	3 Months Ended		24 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014
Net Cash Provided by (Used in) Operating Activities	'	'	'
Net loss for the period	($4,938)	($8,843)	($21,286)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	'	'	'
Depreciation	52	52	260
Increase (Decrease) in Operating Capital	'	'	'
Increase (Decrease) in Other Operating Assets and Liabilities, Net	'	0	'
Expenses paid on behalf of the company by related parties	'	0	'
Net Cash Provided by (Used in) Operating Activities	-4,886	-8,791	-21,026
Net Cash Provided by (Used in) Investing Activities	'	'	'
Payments to Acquire Property, Plant, and Equipment	'	'	-1,050
Prepaid expenses	'	0	'
Net Cash Provided by (Used in) Investing Activities	0	0	-1,050
Net Cash Provided by (Used in) Financing Activities	'	'	'
Proceeds from Issuance of Common Stock	'	'	19,850
Repayment of Notes Receivable from Related Parties	0	0	'
Proceeds from director loans	'	'	6,623
Net Cash Provided by (Used in) Financing Activities	0	0	26,473
Cash and Cash Equivalents, Period Increase (Decrease)	-4,886	-8,791	4,397
Cash and Cash Equivalents, at Carrying Value	9,283	9,846	'
Cash and Cash Equivalents, at Carrying Value	$4,397	$1,055	$4,397

Organization_and_Nature_of_Bus

Organization and Nature of Business	3 Months Ended
	Apr. 30, 2014
Notes	'
Organization and Nature of Business	'
	NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS
	Blue Fashion Corp. was incorporated under the laws of the State of Nevada on May 14, 2012.  We are a development stage company in a business of providing exclusive agent services finding top models for fashion shows, television commercials, movies and magazines.
	NOTE 2 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES
	Development Stage Company
	The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from.
	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 (“GAAP” accounting).  The Company has adopted a October 31 fiscal year end.
	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 $16,313 of cash as of April 30, 2014.
	Fair Value of Financial Instruments
	The Company’s financial instruments consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.
	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 estimates.
	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’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders 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. There are no such common stock equivalents outstanding as of April 30, 2014.
	Comprehensive Income
	The Company has which established standards for reporting and display of comprehensive income, its components and accumulated balances.  When applicable, the Company would disclose this information on its Statement of Stockholders’ Equity.  Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income.
	Recent Accounting Pronouncements
	Blue Fashion Corp. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.
	NOTE 3 - CONDENSED FINANCIAL STATEMENTS
	The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial positions, results of operations, and cash flows on April 30, 2014, and for all periods presented herein, have been made.
	Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s January 31, 2014 audited financial statements.  The results of operations for the nine months ended April 30, 2014 are not necessarily indicative of the operating results for the full year.
	NOTE 4 - GOING CONCERN
	The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern.  However, the Company had no revenues as of April 30, 2014.  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’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.
	NOTE 5 – LOANS FROM DIRECTOR
	On May 11, 2012, director loaned $381 to Incorporate the Company.
	On November 1, 2012, director loaned the Company $167 to purchase business license and file initial list with Nevada Secretary of State.
	On November 6, 2012, director loaned $5,000 to the Company for business expenses.
	On January 23, 2014, director loaned $1,050 to purchase Nikon D7000 digital SLR camera, 18-55mm AF-S DX VR Nikon Zoom Lens.
	The loans are unsecured, non-interest bearing and due on demand.
	The balance due to the director was $6,623 as of April 30, 2014.
	NOTE 6 – COMMON STOCK
	The Company has 75,000,000, $0.001 par value shares of common stock authorized.
	On January 2, 2014, the Company issued 5,000,000 shares of common stock for cash proceeds of $5,000 at $0.001 per share.
	On October 25, 2014, the Company issued 1, 545,000 shares of common stock for cash proceeds of $15,450 at $0.01 per share.
	There were 6,545,000 shares of common stock issued and outstanding as of April 30, 2014.
	NOTE 7 – COMMITMENTS AND CONTINGENCIES
	The Company neither owns nor leases any real or personal property. An officer has provided office services without charge.  There is no obligation for the officer to continue this arrangement.  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.
	NOTE 8 – SUBSEQUENT EVENTS
	In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to April 30, 2014 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.