Blgi (BLGI) 10-Q 19 Sep 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2017	Sep. 14, 2017
Document And Entity Information
Entity Registrant Name	ENVOY GROUP CORP.
Entity Central Index Key	1,575,345
Document Type	10-Q
Trading Symbol	ENVV
Document Period End Date	Jul. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		97,900,000
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

BALANCE SHEETS (Unaudited)

BALANCE SHEETS (Unaudited) - USD ($)	Jul. 31, 2017	Apr. 30, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 5,558	$ 3
Prepaid expenses (Note 9)	230,976
Total Current Assets	236,534	3
Equipment (Note 5)	364,590
TOTAL ASSETS	601,124	3
CURRENT LIABILITIES
Accounts payable and accrued liabilities	52,678	37,151
Amount payable for Bitreturn (Note 8)	350,000
Due to related parties (Note 6)	29,719	1,872
Loans payable (Note 7)	82,980	32,916
Loan payable to related party (Note 6)	360,935
Total Current Liabilities	876,312	71,939
Loans payable (Note 7)		33,782
Total Liabilities	876,312	105,721
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, of which 10,000 shares designated as Series A, no shares issued and outstanding (Note 10)
Common stock, $0.0001 par value; 240,000,000 shares authorized; 97,900,000 and 83,000,000 shares issued and outstanding as of July 31, 2017 and April 30, 2017, respectively (Note 10)	$ 9,790	$ 8,300
Share subscriptions received		14,000
Additional paid-in capital	$ 2,637,546	$ 74,559
Accumulated deficit	(2,922,524)	(202,577)
Total Stockholders' Equity (Deficit)	(275,188)	(105,718)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 601,124	$ 3

BALANCE SHEETS (Unaudited) (Par

BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jul. 31, 2017	Apr. 30, 2017	May 09, 2014
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, authorized	10,000,000	10,000,000	10,000,000
Preferred stock, issued
Preferred stock, outstanding
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, authorized	240,000,000	240,000,000	240,000,000
Common stock, issued	97,900,000	83,000,000
Common stock, outstanding	97,900,000	83,000,000
Series A Preferred Stock [Member]
Preferred stock, authorized	10,000	10,000	10,000

STATEMENTS OF OPERATIONS AND CO

STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
OPERATING EXPENSES
Consulting (Note 9)	$ 424,997
General and administrative (recovery)	12,369	(1,063)
Professional fees	27,394
Product development and website costs (Note 8)	2,255,187
NET (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME	$ (2,719,947)	$ 1,063
NET (LOSS) INCOME PER COMMON SHARE, BASIC AND DILUTED (in dollars per share)	$ (0.03)	$ 0
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED (in shares)	88,502,070	80,000,000

STATEMENTS OF CASH FLOWS (Unaud

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (2,719,947)	$ 1,063
Adjustments to reconcile net loss to net cash used in operating activities:
Accretion of loan discounts	1,021
Issuance of common stock for Bitreturn (Note 8)	1,900,000
Issuance of common shares for services	420,833
Changes in operating assets and liabilities:
Prepaid expenses	(1,809)
Accounts payable and accrued liabilities	14,529
Amount payable for BitReturn	350,000
Net Cash (Used in) Provided by Operating Activities	(35,373)	1,063
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of equipment	(364,590)
Net Cash Used in Investing Activities	(364,590)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related party, net of repayments	27,847
Proceeds from loans payable, net of repayments	15,236
Proceeds from loan payable to related party	360,935
Net Cash Provided by Financing Activities	404,018
Net effect of exchange rate changes on cash	1,500	(1,063)
Net Increase in Cash and Cash Equivalents	5,555
Cash and Cash Equivalents, Beginning of Period	3
Cash and Cash Equivalents, End of Period	5,558
SUPPLEMENTARY CASH FLOW INFORMATION:
Interest paid
Income taxes paid

NATURE OF BUSINESS

NATURE OF BUSINESS	3 Months Ended
	Jul. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF BUSINESS	NOTE 1. NATURE OF BUSINESS Envoy Group Corp. (the “Company”), was incorporated in the State of Florida on April 8, 2013. The address of the head office is Suite 200, 8275 South Eastern Avenue, Las Vegas, Nevada 89123. On June 18, 2017, the Company entered into a Definitive Acquisition Agreement pursuant to which the Company acquired the internet domain and brand BitReturn (Refer to Note 8). The BitReturn acquisition represents the Company’s development of a plan to create a technology business in mining digital currency with an operating name of BitReturn.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Jul. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 2. GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has had no revenue or operations, and only incurred losses since inception. As at July 31, 2017, the Company has a working capital deficiency of $639,778 and an accumulated deficit of $2,922,524. In view of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to raise sufficient financing to acquire or develop a profitable business. The Company intends to finance its future development activities and its working capital needs largely from the sale of public equity securities with some additional funding from other traditional financing sources, including related party advances and term notes until such time that funds provided by operations are sufficient to fund working capital requirements. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jul. 31, 2017
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 3. SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION These unaudited financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and are expressed in United States dollars. The Company’s fiscal year-end is April 30. These interim unaudited financial statements have been prepared in accordance with US GAAP for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q. They do not include all of the information and footnotes required by US GAAP to complete financial statements. Therefore, these interim financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended April 30, 2017, included in the Company’s Annual Report on Form 10-K filed with the SEC. The financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s financial position at July 31, 2017, and the results of its operations and cash flows for the three months ended July 31, 2017. The results of operations for the period ended July 31, 2017 are not necessarily indicative of the results to be expected for future quarters or the full year. The significant accounting policies followed are: USE OF ESTIMATES The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates related to fair value measurements, stock-based compensation and deferred income tax asset valuation allowance. Actual results could differ from those estimates. FINANCIAL INSTRUMENTS ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 825 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The financial instruments consist principally of cash and cash equivalents, accounts payable, due to related party and loans payable. The fair value of cash and cash equivalents when applicable is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all other financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or durations. Assets measured at fair value on a recurring basis were presented on the Company’s balance sheet as of July 31, 2017 and April 30, 2017: Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Identical Observable Unobservable Instruments Inputs Inputs Balance as of Balance as of (Level 1) (Level 2) (Level 3) July 31, 2017 April 30, 2017 $ $ $ $ $ Assets: Cash and cash equivalents 5,558 – – 5,558 3 The Company does not have any liabilities measured at fair value on a recurring basis presented on the Company’s balance sheet as of July 31, 2017 and April 30, 2017. Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents. The Company limits its exposure to credit loss by placing its cash and cash equivalents with high credit quality financial institutions. RECENT ACCOUNTING PRONOUNCEMENTS The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

FINANCIAL RISK FACTORS

FINANCIAL RISK FACTORS	3 Months Ended
	Jul. 31, 2017
Financial Risk Factors
FINANCIAL RISK FACTORS	NOTE 4. FINANCIAL RISK FACTORS LIQUIDITY RISK Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company’s approach to managing liquidity risk is to ensure that it will have sufficient liquidity to meet liabilities when due. As at July 31, 2017, the Company has a cash balance of $5,558 and current liabilities of $876,312. The Company’s accounts payable and accrued liabilities have contractual maturities of less than 60 days and are subject to normal trade terms. The ability of the Company to continue to identify and evaluate feasible business opportunities, develop products and generate working capital is dependent on its ability to secure additional equity or debt financing. FOREIGN EXCHANGE RISK Foreign exchange risk is the risk that the Company will be subject to foreign currency fluctuations in satisfying obligations related to foreign activities. Loans payable to unrelated third parties may be denominated in Canadian dollars. Foreign exchange risk arises from purchase transactions as well as financial assets and liabilities denominated in these foreign currencies. The Company does not use derivative instruments to hedge exposure to foreign exchange rate risk. However, management of the Company believes there is no significant exposure to foreign currency fluctuations.

EQUIPMENT

EQUIPMENT	3 Months Ended
	Jul. 31, 2017
Property, Plant and Equipment [Abstract]
EQUIPMENT	NOTE 5. EQUIPMENT Equipment consisted of the following: July 31, 2017 April 30, 2017 Computer equipment $ 364,195 $ – Furniture 395 – Total 364,590 – Less: accumulated depreciation – – Equipment, net $ 364,590 $ – During the three months ended July 31, 2017, the Company purchased equipment totaling $364,590. As at July 31, 2017, the equipment is in the process of assembly and has not been put in use and, therefore, depreciation has not been recorded. The equipment is pledged as security on a loan (See Note 6(c)).

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	3 Months Ended
	Jul. 31, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS AND BALANCES	NOTE 6. RELATED PARTY TRANSACTIONS AND BALANCES (a) As at July 31, 2017, the Company was indebted to the majority shareholder in the amount of $24,865 (April 30, 2017- $1,872) for advances of working capital and expenses paid on behalf of the Company. The amount is unsecured, non-interest bearing and due on demand. (b) As at July 31, 2017, the Company was indebted to the President of the Company in the amount of $4,854 (April 30, 2017- $nil) for advances of working capital. The amount is unsecured, non-interest bearing and due on demand. (c) On June 22, 2017, the Company entered into a secured loan with a corporation with common management for a loan up to CAD$450,000 for the purpose of purchasing digital currency mining hardware (“Mining Hardware”). The loan is non-interest bearing and due on August 31, 2017. The Mining Hardware purchased with the loaned funds is held as collateral until the loan amount has been fully repaid. Furthermore, revenue produced by the Mining Hardware purchased with the loaned funds is to be paid to the Lender until the loaned funds are repaid in full. Should the loan remain unpaid past September 30, 2017, the Lender will take sole possession of the Mining Hardware, in lieu of the loan. At July 31, 2017, the Company was indebted to the Lender in the amount of $360,935 (CAD$450,000).

LOANS PAYABLE

LOANS PAYABLE	3 Months Ended
	Jul. 31, 2017
Loans Payable [Abstract]
LOANS PAYABLE	NOTE 7. LOANS PAYABLE (a) As at July 31, 2017, the Company was indebted for loans amounting to $24,129 (April 30, 2017 - $24,129). The amounts are unsecured, non-interest bearing and due on demand. (b) As at July 31, 2017, the Company was indebted for loans in the amount of $24,023 (CAD $30,000) (April 30, 2017 - $8,786 (CAD $12,000)). The amount is unsecured, non-interest bearing and due on demand. (c) On July 15, 2016, the Company entered into a loan agreement for a principal balance of up to $50,000 at any given time. The amount is unsecured, non-interest bearing and due on July 15, 2018. As at July 31, 2017, the Company has received gross loan proceeds of $54,716. Upon receipt of the funds, the Company recorded discounts of $6,836. During the year ended April 30, 2017, the Company repaid $10,600 of principal and recognized accretion of the discount of $2,067. During the three months ended July 31, 2017, the Company repaid $5,000 of principal and recognized accretion of the discount of $1,021. At July 31, 2017, the net carrying value of the loan was $34,828.

PRODUCT DEVELOPMENT AND WEBSITE

PRODUCT DEVELOPMENT AND WEBSITE COSTS	3 Months Ended
	Jul. 31, 2017
Product Development And Website Costs
PRODUCT DEVELOPMENT AND WEBSITE COSTS	NOTE 8. PRODUCT DEVELOPMENT AND WEBSITE COSTS On June 18, 2017, the Company entered into a Definitive Acquisition Agreement involving the internet domain and brand Bitreturn. The Agreement represents the Company’s development of a plan to create a technology business in mining digital currency with an operating name of BitReturn. The Company issued 10,000,000 shares of restricted common stock with a fair value of $1,900,000 as payment under the terms of the Agreement, which have been recognized as and included in product development and website costs (Refer to Note 10). The Company is also to make cash payments totaling $350,000 under the terms of the Agreement, which is to be paid as follows, $200,000 from the first $500,000 raised by private placements, and the final portion of $150,000 within six months or when a cumulative amount of $1,000,000 has been raised by private placements. As at July 31, 2017, the Company has not raised $500,000 or $1,000,000 by private placements and as a result, $350,000 is recorded as an amount payable for BitReturn. Product development and website expenses represent costs of acquiring the brand BitReturn, development of the crypto currency mining product, and creation of the website. These costs do not meet the criteria for capitalization, and therefore have been treated as an operating expense.

COMMITMENT

COMMITMENT	3 Months Ended
	Jul. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENT	NOTE 9. COMMITMENT On July 1, 2017, the Company entered into a Strategic Management and Advisory Agreement for consulting and investor relations services to be provided over a period of twelve months commencing July 1, 2017. In consideration, the Company will pay a total monthly fee of $3,000 cash and a issue a total of 1,000,000 shares of common stock. On July 26, 2017, the Company issued 1,000,000 shares of common stock with a fair value of $250,000, which has been recorded as a prepaid expense and will be amortized over the term of the agreement (Refer to Note 10). During the three months ended July 31, 2017, the Company recognized $20,833 of consulting expense.

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	3 Months Ended
	Jul. 31, 2017
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' DEFICIT	NOTE 10. STOCKHOLDERS’ DEFICIT On May 9, 2014, the Company amended its Articles of Incorporation, decreasing the number of common stock authorized from 250,000,000 to 240,000,000, par value of $0.0001, and authorizing 10,000,000, par value of $0.0001, shares of preferred shares. At the time of the amendment, the Company designated 10,000 shares of its authorized but unissued shares of preferred stock as Series A Preferred Stock. The 10,000 Series A Preferred Stock shall have an aggregate voting power of 45% of the combined voting power of the entire Company’s shares, common stock and preferred stock, as long as the Company is in existence. Each holder of the Series A Preferred Stock shall have full voting rights and powers equal to the voting rights and powers of the holders of common stock, and shall be entitled, notwithstanding any provision hereof, to notice of any stockholders’ meeting in accordance with the by-laws of the Company, and shall be entitled to vote, together with holders of common stock, with respect to any question upon which holders of common stock have the right to vote. Without the vote or consent of holders of at least a majority of the shares of Series A Preferred Stock then outstanding, the Company may not (i) authorize, create or issue, or increase the authorized number of shares of, any class or series of capital stock ranking prior to or on a parity with the Series A Preferred Stock, (ii) authorize, create or issue any class or series of common stock of the Company other than the common stock, (iii) authorize any reclassification of the Series A Preferred Stock, (iv) authorize, create or issue any securities convertible into or exercisable for capital stock prohibited by (i) or (ii), (v) amend the Certificate of Designations for the Series A Preferred Stock or (vi) enter into any merger or reorganization, or disposal of assets involving 20% of the total capitalization of the Company. Subject to the rights of the holders of any other series of preferred stock ranking senior to or on a parity with the Series A Preferred Stock with respect to liquidation and any other class or series of capital stock of the Company ranking senior to or on a parity with the Series A Preferred Stock with respect to liquidation, in the event of any liquidation, dissolution or winding up of the affairs of the Company, whether voluntary or involuntary, the holders of record of the issued and outstanding shares of Series A Preferred Stock shall be entitled to receive, out of the assets of the Company available for distribution to the holders of shares of Series A Preferred Stock, prior and in preference to any distribution of any of the assets of the Company to the holders of common stock and any other series of preferred stock ranking junior to the Series A Preferred Stock with respect to liquidation. The holders of the Series A Preferred Stock shall not be entitled to receive dividends per share of Series A Preferred Stock. The Company shall have no rights to redeem Series A Preferred Stock. COMMON STOCK On June 26, 2017, the Company issued 1,400,000 shares of common stock for gross proceeds of $14,000, which was received during the year ended April 30, 2017. On June 27, 2017, the Company issued 10,000,000 shares of common stock with a fair value of $1,900,000 for BitReturn pursuant to the Definitive Acquisition Agreement (Refer to Note 8). On July 1, 2017, the Company issued 1,000,000 shares of common stock with a fair value of $250,000 for investor relations services pursuant to a Strategic Management and Advisory Agreement (Refer to Note 9). On July 26, 2017, the Company issued 2,500,000 shares of common stock with a fair value of $400,000 as a signing bonus pursuant to agreements for services to be provided over a term of two years, which have been recorded as consulting fees (Refer to Note 10). As at July 31, 2017, there are 97,900,000 shares of common stock issued and outstanding. PREFERRED STOCK - SERIES A As at July 31, 2017, there are no issued and outstanding Series A Preferred Stock.

SIGNIFICANT ACCOUNTING POLICI16

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jul. 31, 2017
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION These unaudited financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and are expressed in United States dollars. The Company’s fiscal year-end is April 30. These interim unaudited financial statements have been prepared in accordance with US GAAP for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q. They do not include all of the information and footnotes required by US GAAP to complete financial statements. Therefore, these interim financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended April 30, 2017, included in the Company’s Annual Report on Form 10-K filed with the SEC. The financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s financial position at July 31, 2017, and the results of its operations and cash flows for the three months ended July 31, 2017. The results of operations for the period ended July 31, 2017 are not necessarily indicative of the results to be expected for future quarters or the full year. The significant accounting policies followed are:
USE OF ESTIMATES	USE OF ESTIMATES The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates related to fair value measurements, stock-based compensation and deferred income tax asset valuation allowance. Actual results could differ from those estimates.
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 825 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The financial instruments consist principally of cash and cash equivalents, accounts payable, due to related party and loans payable. The fair value of cash and cash equivalents when applicable is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all other financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or durations. Assets measured at fair value on a recurring basis were presented on the Company’s balance sheet as of July 31, 2017 and April 30, 2017: Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Identical Observable Unobservable Instruments Inputs Inputs Balance as of Balance as of (Level 1) (Level 2) (Level 3) July 31, 2017 April 30, 2017 $ $ $ $ $ Assets: Cash and cash equivalents 5,558 – – 5,558 3 The Company does not have any liabilities measured at fair value on a recurring basis presented on the Company’s balance sheet as of July 31, 2017 and April 30, 2017. Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents. The Company limits its exposure to credit loss by placing its cash and cash equivalents with high credit quality financial institutions.
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

SIGNIFICANT ACCOUNTING POLICI17

SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Jul. 31, 2017
Accounting Policies [Abstract]
Schedule of assets measured at fair value on a recurring basis	Assets measured at fair value on a recurring basis were presented on the Company’s balance sheet as of July 31, 2017 and April 30, 2017: Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Identical Observable Unobservable Instruments Inputs Inputs Balance as of Balance as of (Level 1) (Level 2) (Level 3) July 31, 2017 April 30, 2017 $ $ $ $ $ Assets: Cash and cash equivalents 5,558 – – 5,558 3

EQUIPMENT (Tables)

EQUIPMENT (Tables)	3 Months Ended
	Jul. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of equipment	Equipment consisted of the following: July 31, 2017 April 30, 2017 Computer equipment $ 364,195 $ – Furniture 395 – Total 364,590 – Less: accumulated depreciation – – Equipment, net $ 364,590 $ –

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
	Jul. 31, 2017	Apr. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital deficit	$ 639,778
Accumulated deficit	$ (2,922,524)	$ (202,577)

SIGNIFICANT ACCOUNTING POLICI20

SIGNIFICANT ACCOUNTING POLICIES (Details) - Recurring Basic [Member] - USD ($)	Jul. 31, 2017	Apr. 30, 2017
Assets:
Cash and cash equivalents	$ 5,558	$ 3
Quoted Prices in Active Markets For Identical Instruments (Level 1) [Member]
Assets:
Cash and cash equivalents	5,558
Significant Other Observable Inputs (Level 2) [Member]
Assets:
Cash and cash equivalents
Significant Unobservable Inputs (Level 3) [Member]
Assets:
Cash and cash equivalents

FINANCIAL RISK FACTORS (Details

FINANCIAL RISK FACTORS (Details Narrative) - USD ($)	Jul. 31, 2017	Apr. 30, 2017	Jul. 31, 2016	Apr. 30, 2016
Financial Risk Factors Details Narrative
Cash balance	$ 5,558	$ 3
Current liabilities	$ 876,312	$ 71,939

EQUIPMENT (Details)

EQUIPMENT (Details) - USD ($)	Jul. 31, 2017	Apr. 30, 2017
Property, Plant and Equipment [Line Items]
Total	$ 364,590
Less: accumulated depreciation
Equipment, net	364,590
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	364,195
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total	$ 395

EQUIPMENT (Details Narrative)

EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Property, Plant and Equipment [Abstract]
Purchased equipment	$ 364,590

RELATED PARTY TRANSACTIONS AN24

RELATED PARTY TRANSACTIONS AND BALANCES (Details Narrative)	Jul. 31, 2017USD ($)	Jul. 31, 2017CAD	Jun. 22, 2017CAD	Apr. 30, 2017USD ($)
Related Party Transaction [Line Items]
Due to related party	$ 29,719			$ 1,872
Loans payable related party	360,935
President [Member]
Related Party Transaction [Line Items]
Due to related party	4,854
Majority Shareholder [Member]
Related Party Transaction [Line Items]
Due to related party	$ 24,865			$ 1,872
CAD
Related Party Transaction [Line Items]
Loans payable related party | CAD		CAD 450,000
CAD | Secured Loan Due on August 31, 2017
Related Party Transaction [Line Items]
Face amount | CAD			CAD 450,000

LOANS PAYABLE (Details Narrativ

LOANS PAYABLE (Details Narrative)	3 Months Ended		12 Months Ended
	Jul. 31, 2017USD ($)	Jul. 31, 2016USD ($)	Apr. 30, 2017USD ($)	Jul. 31, 2017CAD	Apr. 30, 2017CAD	Jul. 15, 2016USD ($)
Loans payable	$ 82,980		$ 32,916
Loans payable	24,023		8,786
Proceeds from loan payable	360,935
Loans payable	34,828
Accretion of loan discounts	(1,021)
Loan Agreement [Member]
Principal balance						$ 50,000
Proceeds from loan payable	54,716
Unamortized discount	6,836
Repayment of principal	5,000		10,600
Accretion of loan discounts	$ 1,021		$ 2,067
CAD
Loans payable | CAD				CAD 30,000	CAD 12,000

PRODUCT DEVELOPMENT AND WEBSI26

PRODUCT DEVELOPMENT AND WEBSITE COSTS (Details Narrative) - USD ($)	3 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Apr. 30, 2017
Value of shares issued	$ (1,900,000)
Amount payable to BitReturn	350,000
BitReturn Agreement [Member]
Cash payments under agreement	350,000
BitReturn Agreement [Member] | Portion 1 [Member]
Cash payments under agreement	200,000
Proceeds from private placement	500,000
BitReturn Agreement [Member] | Portion 2 [Member]
Cash payments under agreement	150,000
Proceeds from private placement	$ 1,000,000
BitReturn Agreement [Member] | Restricted Stock [Member]
Number of shares issued	10,000,000
Value of shares issued	$ 1,900,000

COMMITMENT (Details Narrative)

COMMITMENT (Details Narrative) - USD ($)	Jul. 01, 2017	Jul. 31, 2017	Jul. 31, 2016
Value of shares issued		$ (1,900,000)
Consulting fee		$ 424,997
Strategic Management and Advisory Agreement [Member]
Number of shares issued	1,000,000
Value of shares issued	$ 250,000
Consulting fee	$ 3,000

STOCKHOLDERS' DEFICIT (Details

STOCKHOLDERS' DEFICIT (Details Narrative) - USD ($)	Jul. 26, 2017	Jul. 01, 2017	Jun. 27, 2017	May 09, 2014	Apr. 30, 2017	Jul. 31, 2017	Jun. 26, 2017
Common shares,authorized pre amendment				250,000,000
Common shares, authorized post amendment				240,000,000	240,000,000	240,000,000
Common shares, par value (in dollars per share)				$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, authorized				10,000,000	10,000,000	10,000,000
Preferred stock, par value (in dollars per share)				$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, issued
Preferred stock, outstanding
Common stock, issued					83,000,000	97,900,000
Common stock, outstanding					83,000,000	97,900,000
BitReturn Agreement [Member]
Proceeds from common stock			$ 1,900,000
Strategic Management and Advisory Agreement [Member]
Proceeds from common stock		$ 250,000
Services agreements [Member]
Proceeds from common stock	$ 400,000
Common Stock [Member]
Proceeds from common stock					$ 14,000
Common stock, issued	2,500,000	1,000,000	10,000,000				1,400,000
Series A Preferred Stock [Member]
Preferred stock, authorized				10,000	10,000	10,000
Preferred stock, authorized but unissued shares				10,000
Description of voting rights				Aggregate voting power of 45% of the combined voting power of the entire Company’s shares, common stock and preferred stock, as long as the Company is in existence.