Document and Entity Information
Document and Entity Information | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Document And Entity Information | ||
Entity Registrant Name | Drone Guarder, Inc. | |
Entity Central Index Key | 1,574,863 | |
Document Type | S1 | |
Document Period End Date | Oct. 31, 2017 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --01-31 | --01-31 |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | No | |
Entity Filer Category | Smaller Reporting Company |
Balance Sheets
Balance Sheets - USD ($) | Oct. 31, 2017 | Jan. 31, 2017 | Jan. 31, 2016 |
Current Assets | |||
Cash and cash equivalents | $ 117,787 | $ 2,726 | $ 5,976 |
Total Current Assets | 117,787 | 2,726 | 5,976 |
Fixed Assets | |||
Furniture and Equipment | 1,050 | 1,050 | 1,050 |
Accumulated Depreciation | (988) | (832) | (624) |
Total Fixed Assets | 62 | 218 | 426 |
Investment in intellectual property | 29,150 | ||
Total Assets | 146,999 | 2,944 | 6,402 |
Current Liabilities | |||
Accrued expenses | 6,321 | 16,875 | 3,406 |
Accrued interest | 18,318 | 6,180 | 2,163 |
Convertible note payable, net of debt discount of $182,819 | 42,181 | ||
Promissory notes payable | 192,500 | 62,500 | 37,500 |
Advances from related party | (18,000) | (18,000) | (18,000) |
Due to shareholder | 2,208 | 2,208 | 245 |
Derivative Liability | 49,756 | ||
Total Liabilities | 329,284 | 105,763 | 61,314 |
Stockholders’ (Deficiency) | |||
Common stock, par value $0.001; 250,000,000 shares authorized, 132,900,000- January 31, 2017 and 132,900,000- January 31, 2016 shares issued and outstanding | 132,900 | 132,900 | 132,900 |
Additional paid in capital | 73,123 | 73,123 | 73,123 |
Deficit accumulated | (388,308) | (308,842) | (260,935) |
Total Stockholders’ (Deficiency) | (182,285) | (102,819) | (54,912) |
Total Liabilities and Stockholders’(Deficiency) | $ 146,999 | $ 2,944 | $ 6,402 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) | Oct. 31, 2017USD ($)$ / sharesshares |
Statement of Financial Position [Abstract] | |
Common Stock, Par Value | $ / shares | $ 0.001 |
Common Stock, Shares Authorized | 250,000,000 |
Common Stock, Shares Issued and Outstanding | 132,900,000 |
Convertible note payable, net of debt discount | $ | $ 182,819 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Oct. 31, 2017 | Oct. 31, 2016 | Oct. 31, 2017 | Oct. 31, 2016 | Jan. 31, 2017 | Jan. 31, 2016 | |
Income Statement [Abstract] | ||||||
REVENUES | ||||||
OPERATING EXPENSES | ||||||
Depreciation Expense | 52 | 52 | 156 | 156 | 208 | 208 |
General and administrative | 5,476 | 650 | 15,965 | 3,143 | 5,668 | 3,948 |
Bank fees | 330 | 1,050 | 20 | 70 | ||
Rent | 58,500 | |||||
Consulting fees | 700 | 3,900 | 5,400 | |||
Management compensation | 75,000 | 101,900 | ||||
Professional fees | 9,559 | 3,556 | 52,420 | 18,588 | 32,594 | 17,844 |
TOTAL OPERATING EXPENSES | 91,117 | 4,258 | 175,391 | 21,887 | 43,890 | 80,570 |
LOSS FROM OPERATIONS | (91,117) | (4,258) | (175,391) | (21,887) | (43,890) | (80,570) |
OTHER INCOME (EXPENSE) | ||||||
Interest Expense | 5,312 | 937 | 12,138 | 2,812 | 4,017 | 1,965 |
Amortization of debt discount | (10,754) | (10,754) | ||||
Change in derivative liability | 118,757 | 118,817 | ||||
Impairment | (10,000) | |||||
TOTAL OTHER INCOME (EXPENSE) | 102,751 | 937 | 95,925 | 2,812 | 4,017 | 11,965 |
PROVISION FOR INCOME TAXES | ||||||
NET LOSS | $ 11,634 | $ (5,195) | $ (79,466) | $ (24,699) | $ (47,907) | $ (92,535) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED (as adjusted for 20-1 forward stocks split) | 132,900,000 | 132,900,000 | 132,900,000 | 132,900,000 | 132,900,000 | 132,900,000 |
Statements of Operations (Paren
Statements of Operations (Parenthetical) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Oct. 31, 2017 | Oct. 31, 2016 | Oct. 31, 2017 | Oct. 31, 2016 | Jan. 31, 2017 | Jan. 31, 2016 | |
Income Statement [Abstract] | ||||||
Forward stock split | 20:1 | 20:1 | 20:1 | 20:1 | 20:1 | 20:1 |
Shareholders Equity
Shareholders Equity - USD ($) | Common Stock | Additional Paid-In Capital | Retained Earnings / Accumulated Deficit | Total |
Beginning Balance, Shares at Jan. 31, 2015 | 132,900,000 | |||
Beginning Balance, Value at Jan. 31, 2015 | $ 132,900 | $ 14,623 | $ (168,400) | $ (20,877) |
Office Space Rent Provided by Related Party | 58,500 | |||
Net Loss | (92,535) | (92,535) | ||
Ending Balance, Shares at Jan. 31, 2016 | 132,900,000 | |||
Ending Balance, Value at Jan. 31, 2016 | $ 132,900 | 72,123 | (260,935) | (54,912) |
Net Loss | (47,907) | (47,907) | ||
Ending Balance, Shares at Jan. 31, 2017 | 132,900,000 | |||
Ending Balance, Value at Jan. 31, 2017 | $ 132,900 | $ 73,123 | $ (308,842) | (102,819) |
Net Loss | (79,466) | |||
Ending Balance, Value at Oct. 31, 2017 | $ (182,285) |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 9 Months Ended | 12 Months Ended | ||
Oct. 31, 2017 | Oct. 31, 2016 | Jan. 31, 2017 | Jan. 31, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net loss for the period | $ (79,466) | $ (24,699) | $ (47,907) | $ (92,535) |
Adjustments to reconcile net loss to net cash (used in) operating activities: | ||||
Depreciation Expense | 156 | 156 | 208 | 208 |
Amortization of debt discount | 10,754 | |||
Change in derivative liability | 118,817 | |||
Impairment | 10,000 | |||
Changes in assets and liabilities: | ||||
Increase (decrease) in accrued expenses | (10,554) | 15,755 | 13,469 | (3,325) |
Increase in accrued interest | 12,138 | 2,812 | 4,017 | 1,966 |
Increase in accrued rent | 58,500 | |||
CASH FLOWS USED IN OPERATING ACTIVITIES | (185,789) | (5,976) | (30,213) | (25,186) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Investment in intellectual property | (29,150) | |||
Furniture and Equipment | ||||
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES | (29,150) | |||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Advances from related party | ||||
Due to shareholder | 1,963 | |||
Proceeds from convertible note payable | 200,000 | |||
Proceeds from promissory note payable | 130,000 | 25,000 | 27,500 | |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 330,000 | 26,963 | 27,500 | |
NET INCREASE (DECREASE) IN CASH | 115,061 | (5,976) | (3,250) | 2,314 |
Cash, beginning of period | 2,726 | 5,976 | 5,976 | 3,662 |
Cash, end of period | 117,787 | 2,726 | 5,976 | |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||||
Income taxes paid | ||||
NON-CASH TRANSACTIONS: | ||||
Forgiveness of loans from director | 0 | |||
Issuance of shares for intellectual property | $ 0 |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Accounting Policies [Abstract] | ||
ORGANIZATION AND NATURE OF BUSINESS | NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS Drone Guarder, Inc. (Formerly Vopia, Inc.) was incorporated as Blue Fashion Corp. under the laws of the State of Nevada on May 14, 2012. The Company is an early stage security and surveillance company focusing on commercializing a drone enhanced home security system as a turnkey solution. On August 5, 2014 the Company changed its name to Vopia, Inc. On March 24, 2017 the Company changed its name to Drone Guarder, Inc. | NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS Drone Guarder, Inc. (Formerly Vopia, Inc.) was incorporated as Blue Fashion Corp. under the laws of the State of Nevada on May 14, 2012. The Company is an early stage security and surveillance company focusing on commercializing a drone enhanced home security system as a turnkey solution. On August 5, 2014 the Company changed its name to Vopia, Inc. On March 24, 2017 the Company changed its name to Drone Guarder, Inc. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Accounting Policies [Abstract] | ||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited interim financial statements of Drone Guarder, Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2017 filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the financial statements to be not misleading have been reflected herein. 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 January 31 fiscal year end. Cash and Cash E ui v lents T h e C m a c nsi ers all i ly li i inves m e ts wit t e ori i a m ritie o thre m t les to s e q i a le t 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. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 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 October 31, 2017. 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 Drone Guarder, Inc. 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 2 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES 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 January 31 fiscal year end. Cash and Cash E ui v lents T h e C m a c nsi ers all i ly li i inves m e ts wit t e ori i a m ritie o thre m t les to s e q i a le t 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 January 31, 2017. 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 Drone Guarder, Inc. 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. |
INVESTMENT IN INTELLECTUAL PROP
INVESTMENT IN INTELLECTUAL PROPERTY | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Notes to Financial Statements | ||
INVESTMENT IN INTELLECTUAL PROPERTY | NOTE 3 – INVESTMENT IN INTELLECTUAL PROPERTY On July 4, 2014, the Company entered into a contribution agreement with Gimwork Project LP for the acquisition of assets and the assumption of liabilities associated with search technology software and online platforms. In consideration, the Company issued to Gimwork Project LP 100,000 shares of common stock with a deemed value of $10,000. During the year ended January 31, 2016, the Company has recorded an impairment of the investment in intellectual property in the amount of $10,000. On February 24, 2017, the Company paid $20,000 as an intial payment toward software development related to the Drone Guarder technology . In addition, the Company has paid $ 9,150 in additional software development costs to October 31, 2017. | NOTE 3 – INVESTMENT IN INTELLECTUAL PROPERTY On July 4, 2014, the Company entered into a contribution agreement with Gimwork Project LP for the acquisition of assets and the assumption of liabilities associated with search technology software and online platforms. In consideration, the Company issued to Gimwork Project LP 100,000 shares of common stock with a deemed value of $10,000. During the year ended January 31, 2016, the Company has recorded an impairment of the investment in intellectual property in the amount of $10,000. |
LOANS FROM DIRECTOR AND SHAREHO
LOANS FROM DIRECTOR AND SHAREHOLDER | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Related Party Transactions [Abstract] | ||
LOANS FROM DIRECTOR AND SHAREHOLDER | NOTE 4 – LOANS FROM DIRECTOR AND SHAREHOLDER On May 11, 2012, a director loaned $381 to incorporate the Company. On November 1, 2012, a director loaned the Company $192 to purchase a business license and file an initial list with Nevada Secretary of State. On November 6, 2012, a director loaned $5,000 to the Company for business expenses. On January 23, 2014, a director loaned $1,050 to purchase a Nikon D7000 digital SLR camera, and an 18-55mm AF-S DX VR Nikon Zoom Lens. The above loans are unsecured, non-interest bearing and due on demand. On July 4, 2014, the former officer and director agreed to forgive $6,623 in loans, which was recorded as an increase in additional paid in capital. NOTE 4 – LOANS FROM DIRECTOR AND SHAREHOLDER (CONTINUED) The balance due to the director was $0 and $0 as of October 31, 2017 and January 31, 2016, respectively. On October 29, 2014, a shareholder paid expenses of $245 on behalf of the Company. On December 6, 2016, a shareholder paid expenses of $1,963 on behalf of the Company. The balance due to the shareholder was $2,208 and $2,208 as of October 31, 2017 and January 31, 2017, respectively. | NOTE 4 – LOANS FROM DIRECTOR AND SHAREHOLDER On May 11, 2012, a director loaned $381 to incorporate the Company. On November 1, 2012, a director loaned the Company $167 to purchase a business license and file an initial list with Nevada Secretary of State. On November 6, 2012, a director loaned $5,000 to the Company for business expenses. On January 23, 2014, a director loaned $1,050 to purchase a Nikon D7000 digital SLR camera, and an 18-55mm AF-S DX VR Nikon Zoom Lens. The above loans are unsecured, non-interest bearing and due on demand. On July 4, 2014, the former officer and director agreed to forgive $6,623 in loans, which was recorded as an increase in additional paid in capital. The balance due to the director was $0 and $0 as of January 31, 2017 and January 31, 2016, respectively. On October 29, 2014, a shareholder paid expenses of $245 on behalf of the Company. On December 6, 2016, a shareholder paid expenses of $1,963 on behalf of the Company. The balance due to the shareholder was $2,208 and $245 as of January 31, 2017 and January 31, 2016, respectively. |
ADVANCES FROM RELATED PARTY
ADVANCES FROM RELATED PARTY | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Notes to Financial Statements | ||
ADVANCES FROM RELATED PARTY | NOTE 5 – ADVANCES FROM RELATED PARTY On May 14, 2014 the Company received advances from a related party in the amount of $18,000. The advances are unsecured, non-interest bearing, with no specified terms of repayment. On November 20, 2014 the Company issued a promissory note payable in the amount of $10,000. The note bears interest at 10% per annum and is due on demand. For the year ended January 31, 2015, this note was recorded in error as an advance from related party, when it should have been recorded as a note payable. This has been reclassified on the balance sheet as of October 31, 2017 and January 31, 2016. The balance as of October 31, 2017 and January 31, 2016 of advances from related party was $18,000 and $18,000, respectively. | NOTE 5 – ADVANCES FROM RELATED PARTY On May 14, 2014 the Company received advances from a related party in the amount of $18,000. The advances are unsecured, non-interest bearing, with no specified terms of repayment. On November 20, 2014 the Company issued a promissory note payable in the amount of $10,000. The note bears interest at 10% per annum and is due on demand. For the year ended January 31, 2015, this note was recorded in error as an advance from related party, when it should have been recorded as a note payable. This has been reclassified on the balance sheet as of January 31, 2017 and January 31, 2016. The balance as of January 31, 2017 and January 31, 2016 of advances from related party was $18,000 and $18,000, respectively. |
NOTES PAYABLE
NOTES PAYABLE | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Equity [Abstract] | ||
NOTES PAYABLE | NOTE 6 – NOTES PAYABLE On November 20, 2014 the Company issued a promissory note payable in the amount of $10,000. The note bears interest at 10% per annum and is due on demand. For the year ended January 31, 2015, this note was recorded in error as an advance from related party, when it should have been recorded as a note payable. This has been reclassified on the balance sheet as of January 31, 2016. On June 24, 2015 the Company issued a promissory note payable in the amount of $12,500. The note bears interest at 10% per annum and is due on demand. On December 10, 2015 the Company issued a promissory note payable in the amount of $15,000. The note bears interest at 10% per annum and is due on demand. On December 23, 2016 the Company issued a promissory note payable in the amount of $25,000. The note bears interest at 10% per annum and is due on demand. On February 6, 2017 the Company issued a promissory note payable in the amount of $55,000. The note bears interest at 10% per annum and is due on demand. On April 19, 2017 the Company issued a promissory note payable in the amount of $20,000. The note bears interest at 10% per annum and is due on demand. On May 24, 2017 the Company issued a promissory note payable in the amount of $20,000. The note bears interest at 10% per annum and is due on demand. On July 5, 2017 the Company issued a promissory note payable in the amount of $20,000. The note bears interest at 10% per annum and is due on demand. NOTE 6 – NOTES PAYABLE (CONTINUED) On September 18, 2017 the Company issued a promissory note payable in the amount of $15,000. The note bears interest at 10% per annum and is due on demand. The balance as of October 31, 2017 and January 31, 2017 of notes payable $192,500 and $62,500, respectively. | NOTE 6 – NOTES PAYABLE On November 20, 2014 the Company issued a promissory note payable in the amount of $10,000. The note bears interest at 10% per annum and is due on demand. For the year ended January 31, 2015, this note was recorded in error as an advance from related party, when it should have been recorded as a note payable. This has been reclassified on the balance sheet as of January 31, 2016. On June 24, 2015 the Company issued a promissory note payable in the amount of $12,500. The note bears interest at 10% per annum and is due on demand. On December 10, 2015 the Company issued a promissory note payable in the amount of $15,000. The note bears interest at 10% per annum and is due on demand. On December 23, 2016 the Company issued a promissory note payable in the amount of $25,000. The note bears interest at 10% per annum and is due on demand. The balance as of January 31, 2017 and January 31, 2016 of notes payable $62,500 and $37,500, respectively. The total accrued interest as of January 31, 2017 and 2016 was $6,180 and $2,163 respectively. |
CONVERTIBLE NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE | 9 Months Ended |
Oct. 31, 2017 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE NOTES PAYABLE | NOTE 7 – CONVERTIBLE NOTES PAYABLE On October 17, 2017, the Company entered into a financing arrangement in the principal amount of $445,000 consisting of a convertible promissory note and warrants to purchase common shares of the company. As of October 31, 2017, the company has borrowed $225,000 of the available balance of $ 445,000. The outstanding principal of the Note bears interest at the rate of 10% per annum and is due July 17, 2018. An original debt discount in the amount of $ 25,000 on the issuance of the note and will be amortized over the life of the note . During the period ended October 31, 2017, $10,754 of the debt discount was amortized. The Note is convertible at the option of the holder into common stock of the Company at a conversion price of $0.25 per share. A debt discount related to the fixed rate conversion feature in the amount of $66,442 was recorded and is being amortized over the life of the note. In addition, the holder of the note received warrants to purchase shares of the Company’s common stock equal to $225,000 divided by the market value of the shares on the date the financing arrangement was entered into. Upon issue, the Company recorded derivative liabilities for the conversion feature of the convertible notes and warrants, based up on the Binomial Fair Value Model and using the following assumptions: an exercise price of $0.25, our stock price on the date of grant $.12 expected dividend yield of 0%, expected volatility of 251.50, risk free interest rate of 1.25 for notes payable and 1.97% for warrants and an expected term of 0.75 years for notes payable and 5 years for warrants. . Upon initial valuation, the derivative liability of $168,573 was recorded as a debt discount which is being amortized over the life of the note payable. During the period ended October 31, 2017, $10,754 of the debt discount was amortized The derivative liabilities are valued on the date of issuance of the convertible note payable and revalued at each reporting period On October 31, 2017, the Company recorded derivative liabilities for the conversion feature of the convertible notes and warrants, based up on the Binomial Fair Value Model and using the following assumptions: an exercise price of $0.25, our stock price on the date of grant $.043 expected dividend yield of 0%, expected volatility of 251.50, risk free interest rate of 1.28 for notes payable and 2.01% for warrants and an expected term of 0.75 years for notes payable and 5 years for warrants. . Upon this revaluation, a derivative liability of $49,756 was recorded resulting in a change in derivative liability of $118,507 which has been recorded on the income statement of the Company for the nine months ended October 31, 2017. |
COMMON STOCK
COMMON STOCK | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Equity [Abstract] | ||
COMMON STOCK | NOTE 8 – COMMON STOCK The Company has 250,000,000, $0.001 par value shares of common stock authorized. Effective September 9, 2014 the Company’s board of directors and majority of its shareholders approved a 20 for 1 forward split of the Company’s common stock. On January 2, 2013, the Company issued 100,000,000 shares of common stock for cash proceeds of $5,000 at $0.001 per share. On October 25, 2013, the Company issued 30,900,000 shares of common stock for cash proceeds of $15,450 at $0.01 per share. On July 4, 2014, the Company issued 2,000,000 shares of common stock with a deemed value of $10,000 for intellectual property. On August 5, 2014, the Company amended its Articles of Incorporation to increase its authorized share capital to 250,000,000, $0.001 par value shares of common stock. There were 132,900,000 shares of common stock issued and outstanding as of October 31, 2017. | NOTE 7 – COMMON STOCK The Company has 250,000,000, $0.001 par value shares of common stock authorized. Effective September 9, 2014 the Company’s board of directors and majority of its shareholders approved a 20 for 1 forward split of the Company’s common stock. On January 2, 2013, the Company issued 100,000,000 shares of common stock for cash proceeds of $5,000 at $0.001 per share. On October 25, 2013, the Company issued 30,900,000 shares of common stock for cash proceeds of $15,450 at $0.01 per share. On July 4, 2014, the Company issued 2,000,000 shares of common stock with a deemed value of $10,000 for intellectual property. On August 5, 2014, the Company amended its Articles of Incorporation to increase its authorized share capital to 250,000,000, $0.001 par value shares of common stock. There were 132,900,000 shares of common stock issued and outstanding as of January 31, 2017. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | ||
COMMITMENTS AND CONTINGENCIES | NOTE 9 – COMMITMENTS AND CONTINGENCIES Gimwork Project LP agreed to provide office space without charge until 2015. The Company was required to pay the monthly rent of $4,500 starting in 2015. Rent expense of $58,500 was recorded as of January 31, 2016. The related party has agreed to waive accrued rent of $ 58,500 as of January 31, 2016. The forgiveness of rent was recorded as an increase in additional paid in capital. As of February 1, 2016, no additional rent expense has been charged to the company. Effective May 3, 2017, the Company entered into an employment agreement with its new chief executive officer. Under the agreement, the Company agreed to compensate the officer $36,000 annually and to provide him with 10 million shares of common stock, if the agreement is renewed after the first year. | NOTE 8 – COMMITMENTS AND CONTINGENCIES Gimwork Project LP has agreed to provide office space without charge until 2015. The Company is required to pay the monthly rent of $4,500 starting in 2015. Rent expense of $58,500 has been recorded as of January 31, 2016. The related party has agreed to waive accrued rent of $ 58,500 as of January 31, 2016. The forgiveness of rent has been recorded has an increase in additional paid in capital. As of February 1, 2016, no additional rent expense has been charged to the company. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Jan. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 9 – INCOME TAXES As of January 31, 2017, the Company had net operating loss carry forwards of approximately $197,792 that may be available to reduce future years’ taxable income in varying amounts through 2031. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. The provision for Federal income tax consists of the following: January 31, 2017 January 31, 2016 Federal income tax benefit attributable to: Current Operations $ 16,290 $ 31,462 Less: valuation allowance (16,290 ) (31,462 ) 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: January 31, 2017 January 31, 2016 Deferred tax asset attributable to: Net operating loss carryover $ 67,250 $ 50,962 Less: valuation allowance (67,250 ) (50,962 ) 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 $194,323 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years. |
GOING CONCERN
GOING CONCERN | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
GOING CONCERN | NOTE 10 – GOING CONCERN 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 as of October 31, 2017. 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 10 – GOING CONCERN 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 as of January 31, 2017. 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. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Subsequent Events [Abstract] | ||
SUBSEQUENT EVENTS | NOTE 11 – SUBSEQUENT EVENTS In accordance with ASC 855-10, the Company has analyzed its operations subsequent to October 31, 2017 through the date these financial statements were issued and has determined that, aside from that set forth below, it does not have any material subsequent events to disclose in these financial statements. | NOTE 11 – SUBSEQUENT EVENTS In accordance with ASC 855-10, the Company has analyzed its operations subsequent to January 31, 2017 through the date these financial statements were issued and has determined that, aside from that set forth below, it does not have any material subsequent events to disclose in these financial statements/ On February 5, 2017, the Company borrowed $55,000 under a promissory note. The note is due on demand has annual interest at 10%. This money is earmarked for the Company’s working capital needs. On March 24, 2017, the Company received a market effective date from FINRA for its name change from Vopia, Inc. to Drone Guarder, Inc. In connection with the name change, the Company has the following new CUSIP number: 26211L 103 and the Company received a new symbol that better reflects its new name: DRNG. On April 7, 2017, the Company decided on a new business plan in security surveillance. |
SUMMARY OF SIGNIFICANT ACCOUN20
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Accounting Policies [Abstract] | ||
Basis of Presentation | Basis of Presentation The accompanying unaudited interim financial statements of Drone Guarder, Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2017 filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the financial statements to be not misleading have been reflected herein. | 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 (GAAP accounting). The Company has adopted a January 31 fiscal year end. | 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 January 31 fiscal year end. |
Cash and Cash Equivalents | Cash and Cash E ui v lents T h e C m a c nsi ers all i ly li i inves m e ts wit t e ori i a m ritie o thre m t les to s e q i a le t | Cash and Cash E ui v lents T h e C m a c nsi ers all i ly li i inves m e ts wit t e ori i a m ritie o thre m t les to s e q i a le t |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Companys 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. | Fair Value of Financial Instruments The Companys 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 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. | 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 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 estimates. |
Revenue Recognition | Revenue Recognition The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. | 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. | 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’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 October 31, 2017. | 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 January 31, 2017. |
Comprehensive Income | 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. | 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 | Recent Accounting Pronouncements Drone Guarder, Inc. 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. | Recent Accounting Pronouncements Drone Guarder, Inc. 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. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Jan. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Schedule of Federal Income Tax Benefit | January 31, 2017 January 31, 2016 Federal income tax benefit attributable to: Current Operations $ 16,290 $ 31,462 Less: valuation allowance (16,290 ) (31,462 ) Net provision for Federal income taxes $ — $ — |
Schedule of Deferred Tax Asset | January 31, 2017 January 31, 2016 Deferred tax asset attributable to: Net operating loss carryover $ 67,250 $ 50,962 Less: valuation allowance (67,250 ) (50,962 ) Net deferred tax asset $ — $ — |
ORGANIZATION AND NATURE OF BU22
ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) | 9 Months Ended | 12 Months Ended |
Oct. 31, 2017 | Jan. 31, 2017 | |
Accounting Policies [Abstract] | ||
Date of Incorporation | May 14, 2012 | May 14, 2012 |
Name Change to Vopia, Inc | Aug. 5, 2014 | Aug. 5, 2014 |
Name Change to Drone Guarder, Inc. | Mar. 24, 2017 | Mar. 24, 2017 |
SUMMARY OF SIGNIFICANT ACCOUN23
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |
Oct. 31, 2017 | Jan. 31, 2017 | Jan. 31, 2016 | |
Accounting Policies [Abstract] | |||
Current Fiscal Year End | --01-31 | --01-31 | |
Cash and cash equivalents | $ 117,787 | $ 2,726 | $ 5,976 |
INVESTMENT IN INTELLECTUAL PR24
INVESTMENT IN INTELLECTUAL PROPERTY (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |
Oct. 31, 2017 | Jan. 31, 2017 | Feb. 24, 2017 | |
Impairment on Investment of Intellectual Property | 10,000 | ||
Payments toward Software Development | $ 20,000 | ||
Additional software development costs | $ 9,150 | ||
Contribution Agmt | |||
Agreement Date | Jul. 4, 2014 | Jul. 4, 2014 | |
Common Stock Issued for Cash, Shares | 100,000 | 100,000 | |
Common Stock Issued for Cash, Value | $ 10,000 | $ 10,000 |
LOANS FROM DIRECTOR AND SHARE25
LOANS FROM DIRECTOR AND SHAREHOLDER (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |||||||
Oct. 31, 2017 | Jan. 31, 2017 | Jan. 31, 2016 | Dec. 06, 2016 | Oct. 29, 2014 | May 11, 2014 | Jan. 23, 2014 | Nov. 06, 2012 | Nov. 01, 2012 | |
Forgiveness of loans from director | $ 6,623 | $ 6,623 | |||||||
Date Loan Forgiven | Jul. 4, 2014 | Jul. 4, 2014 | |||||||
Due to shareholder | $ 2,208 | $ 2,208 | $ 245 | ||||||
Due to Director | 0 | 0 | 0 | ||||||
Loan 6 | |||||||||
Expenses Paid by Shareholder | $ 1,963 | ||||||||
Loan 5 | |||||||||
Expenses Paid by Shareholder | $ 245 | ||||||||
Loan 4 | |||||||||
Loan | $ 1,050 | ||||||||
Loan 3 | |||||||||
Loan | $ 5,000 | ||||||||
Loan 2 | |||||||||
Loan | $ 167 | ||||||||
Loan 1 | |||||||||
Loan | $ 381 |
ADVANCES FROM RELATED PARTY (De
ADVANCES FROM RELATED PARTY (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |||
Oct. 31, 2017 | Jan. 31, 2017 | Jan. 31, 2016 | May 14, 2015 | Nov. 20, 2014 | |
Advances from related party | $ (18,000) | $ (18,000) | $ (18,000) | $ (18,000) | |
Promissory Note 1 | |||||
Date of Debt Instrument | Nov. 20, 2014 | Nov. 20, 2014 | |||
Debt Instrument | $ 10,000 | ||||
Debt Instrument, Interest Rate | 10.00% | 10.00% |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | Oct. 31, 2017 | Sep. 18, 2017 | Jul. 05, 2017 | May 24, 2017 | Apr. 19, 2017 | Feb. 06, 2017 | Jan. 31, 2017 | Dec. 23, 2016 | Jan. 31, 2016 | Dec. 10, 2015 | Jun. 24, 2015 | Nov. 20, 2014 |
Balance of Notes Payable | $ 192,500 | $ 62,500 | $ 37,500 | |||||||||
Total Accrued Interest | $ 6,180 | $ 2,163 | ||||||||||
Prom Note #9 | ||||||||||||
Notes payable | $ 15,000 | |||||||||||
Interest Rate | 10.00% | |||||||||||
Prom Note #8 | ||||||||||||
Notes payable | $ 20,000 | |||||||||||
Interest Rate | 10.00% | |||||||||||
Prom Note #7 | ||||||||||||
Notes payable | $ 20,000 | |||||||||||
Interest Rate | 10.00% | |||||||||||
Prom Note #6 | ||||||||||||
Notes payable | $ 20,000 | |||||||||||
Interest Rate | 10.00% | |||||||||||
Prom Note #5 | ||||||||||||
Notes payable | $ 55,000 | |||||||||||
Interest Rate | 10.00% | |||||||||||
Prom Note #4 | ||||||||||||
Notes payable | $ 25,000 | |||||||||||
Interest Rate | 10.00% | |||||||||||
Prom Note #3 | ||||||||||||
Notes payable | $ 15,000 | |||||||||||
Interest Rate | 10.00% | |||||||||||
Prom Note #2 | ||||||||||||
Notes payable | $ 12,500 | |||||||||||
Interest Rate | 10.00% | |||||||||||
Prommisory Note 1 | ||||||||||||
Notes payable | $ 10,000 | |||||||||||
Interest Rate | 10.00% |
CONVERTIBLE NOTES PAYABLE (Deta
CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($) | 9 Months Ended | |
Oct. 31, 2017 | Oct. 17, 2017 | |
Principal Amount of Convertible Note | $ 445,000 | |
Amount of Note Borrowed | $ 225,000 | |
Note Due Date | Jul. 17, 2018 | |
Interest Rate | 10.00% | |
Debt Discount | 25,000 | |
Debt Discount Amortized | $ 10,754 | |
Conversion price per share | $ 0.25 | |
Note holder warrants received common stock purchase value | 225,000 | |
Valuation 1 | ||
Exercise Price | $ 0.25 | |
Stock price on date of grant | $ 0.12 | |
Expected Dividend Yield | $ 0 | |
Expected Volatilty | 25150.00% | |
Risk Free Interest Rate for Notes | 125.00% | |
Risk Free Interest Rate for Warrants | $ 1.97 | |
Term for notes payable | 9 months | |
Term for Warrants | 5 years | |
Derivative Liability recorded as debt discount | $ 168,573 | |
Valuation 2 | ||
Exercise Price | $ 0.25 | |
Stock price on date of grant | $ 0.043 | |
Expected Dividend Yield | $ 0 | |
Expected Volatilty | 25150.00% | |
Risk Free Interest Rate for Notes | 128.00% | |
Risk Free Interest Rate for Warrants | $ 2.01 | |
Term for notes payable | 9 months | |
Term for Warrants | 5 years | |
Derivative Liability recorded as debt discount | $ 49,756 | |
Change in Derivative Liability | $ 118,817 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||
Jul. 04, 2014 | Oct. 25, 2013 | Jan. 02, 2013 | Oct. 31, 2017 | Oct. 31, 2016 | Oct. 31, 2017 | Oct. 31, 2016 | Jan. 31, 2017 | Jan. 31, 2016 | |
Equity [Abstract] | |||||||||
Common Stock, Shares Authorized | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | |||||
Common Stock, Par Value | $ 0.001 | $ 0.001 | $ 0.001 | $ .001 | |||||
Common Stock, Shares Issued and Outstanding | 132,900,000 | 132,900,000 | 132,900,000 | 132,900,000 | |||||
Common Stock Issued for Cash, Shares | 2,000,000 | 30,900,000 | 100,000,000 | ||||||
Common Stock Issued for Cash, Value | $ 10,000 | $ 15,450 | $ 5,000 | ||||||
Common Stock Issued for Cash, Par Value | $ 0.01 | $ 0.001 | |||||||
Stock Split | 20:1 | 20:1 | 20:1 | 20:1 | 20:1 | 20:1 | |||
Date of Forward Split | Sep. 9, 2014 | Sep. 9, 2014 | |||||||
Date of Increase in Authorized Shares | Aug. 5, 2014 | Aug. 5, 2014 | |||||||
Inrease in Authorized Shares | 250,000,000 | 250,000,000 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | ||
Oct. 31, 2017 | Jan. 31, 2017 | Jan. 31, 2016 | May 03, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | ||||
Monthly Rent Payment | $ 4,500 | $ 4,500 | ||
Monthly Payment Start Date | Jan. 1, 2015 | Jan. 1, 2015 | ||
Accrued rent | $ 58,500 | |||
Forgivness of Rent | $ 58,500 | |||
Annual Compensation to Chief Executive Officer | $ 36,000 | |||
Shares to be issued to Chief Executive Officer if contract renewed after one year | 10,000,000 |
INCOME TAXES - Schedule of Fede
INCOME TAXES - Schedule of Federal Income Tax Benefit (Details) - USD ($) | 12 Months Ended | |
Jan. 31, 2017 | Jan. 31, 2016 | |
Federal income tax benefit attributable to: | ||
Current Operations | $ 15,110 | $ 13,941 |
Less: valuation allowance | $ (15,110) | $ (13,941) |
INCOME TAXES - Schedule of Defe
INCOME TAXES - Schedule of Deferred Tax Asset (Details) - USD ($) | Jan. 31, 2017 | Jan. 31, 2016 |
Deferred tax asset attributable to: | ||
Net operating loss carryover | $ 66,070 | $ 50,963 |
Less: valuation allowance | $ (66,070) | $ (50,962) |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | 12 Months Ended |
Jan. 31, 2017USD ($) | |
Income Tax Disclosure [Abstract] | |
Operating loss carry forwards | $ 194,323 |
Carry forward expiration date | Dec. 31, 2031 |
Effective tax rate | 34.00% |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) | 12 Months Ended |
Jan. 31, 2017USD ($) | |
Promissory note borrowed | $ 55,000 |
Interest rate on Promissory note | 10.00% |
Date of Promissory Note | Feb. 5, 2017 |
Name Change Effective Date | Mar. 24, 2017 |
Date of New Business Plan | Apr. 7, 2017 |