FLASR (FLSR) 10-K 27 Jun 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Apr. 30, 2014	Oct. 31, 2013
Document and Entity Information:	'	'
Entity Registrant Name	'Language Arts Corp.	'
Document Type	'10-K	'
Document Period End Date	30-Apr-14	'
Amendment Flag	'false	'
Entity Central Index Key	'0001577189	'
Current Fiscal Year End Date	'--04-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'FY	'
Entity Common Stock, Shares Outstanding	9,500,000	'
Entity Public Float	'	$0

Balance_Sheets

Balance Sheets (USD $)	Apr. 30, 2014	Apr. 30, 2013
Current Assets	'	'
Cash and cash equivalents	$14,988	'
Total Current Assets	14,988	'
Total Assets	14,988	'
Current Liabilities	'	'
Accounts payable	2,700	400
Total Current Liabilities	2,700	400
Total Liabilities	2,700	400
Stockholders' Equity	'	'
Common stock value	9,500	6,000
Additional paid-in capital	47,000	14,000
Subscriptions receivable	'	20,000
Deficit accumulated during development stage	44,212	400
Total Stockholders' Equity	12,288	-400
Total Liabilities and Stockholders' Equity	$14,988	'

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Apr. 30, 2014	Apr. 30, 2013
Balance Sheet	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	9,500,000	6,000,000
Common stock, shares outstanding	9,500,000	6,000,000

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended
	Apr. 30, 2014	Apr. 30, 2014	Apr. 30, 2013
Income Statement	'	'	'
Revenue	'	'	'
Expenses	'	'	'
Executive compensation	1,419	1,419	'
General and administrative expenses	4,268	4,668	400
Professional fees	38,125	38,125	'
Total expenses	43,812	44,212	400
Operating loss	-43,812	-44,212	-400
Net loss	($43,812)	($44,212)	($400)
Loss per common share - basic and diluted	($0.01)	'	$0
Weighted common shares outstanding - basic and diluted	8,188,493	'	7,765,580

Statement_of_Stockholders_Equi

Statement of Stockholders' Equity (Deficit) (USD $)	Common Stock	Additional Paid-in Capital	Subscriptions Receivable	Deficit Accumulated During the Development Stage	Total Stockholders' Equity (Deficit)
Beginning Balance, amount at Apr. 21, 2013	'	'	'	'	'
Common stock issued as founders shares, shares	6,000,000	'	'	'	'
Common stock issued as founders shares, value	$6,000	$14,000	($20,000)	'	'
Net loss for the period	'	'	'	-400	-400
Ending Balance, amount at Apr. 30, 2013	6,000	14,000	-20,000	-400	-400
Ending Balance, shares at Apr. 30, 2013	6,000,000	'	'	'	'
Receipt of subscriptions receivable	'	'	20,000	'	20,000
Donated capital	'	1,500	'	'	1,500
Common stock issued for cash, shares	3,500,000	'	'	'	'
Common stock issued for cash, value	3,500	31,500	'	'	35,000
Net loss for the period	'	'	'	-43,812	-43,812
Ending Balance, amount at Apr. 30, 2014	$9,500	$47,000	'	($44,212)	$12,288
Ending Balance, shares at Apr. 30, 2014	9,500,000	'	'	'	'

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	12 Months Ended
	Apr. 30, 2014	Apr. 30, 2014	Apr. 30, 2013
Cash Flows from Operating Activities	'	'	'
Net loss	($43,812)	($44,212)	($400)
Changes in operating assets and liabilities:	'	'	'
Increase (decrease) in accounts payable	2,300	2,700	400
Net cash used in operating activities	-41,512	-41,512	'
Cash Flows from Financing Activities	'	'	'
Proceeds from notes payable	100	100	'
Repayment of notes payable	100	100	'
Donated capital	1,500	1,500	'
Proceeds from issuance of common stock	55,000	55,000	20,000
Stock receivable	'	'	20,000
Net cash provided by financing activities	56,500	56,500	'
Net increase (decrease) in cash	14,988	14,988	'
Cash, beginning of period	'	'	'
Cash, end of period	14,988	14,988	'
Supplemental Disclosure of Cash Flow Information:	'	'	'
Interest paid	'	'	'
Income taxes paid	'	'	'

History_and_Organization_of_Th

History and Organization of The Company	12 Months Ended
	Apr. 30, 2014
Notes	'
History and Organization of The Company	'
	Note 1 - History and organization of the company
	The Company was organized April 22, 2013 (Date of Inception) under the laws of the State of Nevada, as Language Arts Corp.  The Company is authorized to issue up to 75,000,000 shares of its $0.001 par value common stock.
	The business of the Company is to sell language education and translation software via the Internet.  The Company has limited operations and in accordance with FASB ASC 915-10, “Development Stage Entities”, the Company is considered a development stage company.

Accounting_Policies_and_Proced

Accounting Policies and Procedures	12 Months Ended
	Apr. 30, 2014
Notes	'
Accounting Policies and Procedures	'
	Note 2 - Accounting policies and procedures
	Basis of Presentation:
	The financial statements present the balance sheets, statements of operations, stockholder’s equity and cash flows of the Company. The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America.
	Year end
	The Company has adopted April 30 as its fiscal year end.
	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 of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.
	Cash and cash equivalents
	The Company maintains a cash balance in a non-interest-bearing account that currently does not exceed federally insured limits.  For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents.  There were no cash equivalents as of April 30, 2014 and 2013.
	Fair value of financial instruments
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of April 30, 2014 and 2013.  The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and other current liabilities. Fair values were assumed to approximate carrying values for cash and other current liabilities because they are short term in nature and they are payable on demand.
	Revenue recognition
	The Company’s revenue recognition policies are in compliance with FASB ASC 605-35 “Revenue Recognition”.  Revenue is recognized when a formal arrangement exists, the price is fixed or determinable, all obligations have been performed pursuant to the terms of the formal arrangement and collectability is reasonably assured.  The Company recognizes revenues on sales of its services, based on the terms of the customer agreement.  The customer agreement takes the form of either a contract or a customer purchase order and each provides information with respect to the service being sold and the sales price.  If the customer agreement does not have specific delivery or customer acceptance terms, revenue is recognized at the time the service is provided to the customer.
	Advertising costs
	The Company expenses all costs of advertising as incurred.  There were no advertising costs included in selling, general and administrative expenses at April 30, 2014 and 2013.
	General and administrative expenses
	The significant components of general and administrative expenses consist of bank fees and license and permit fees.
	Loss per share
	Net loss per share is provided in accordance with FASB ASC 260-10, “Earnings per Share”.  Basic loss per share is computed by dividing losses available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company had no dilutive common stock equivalents, such as stock options or warrants as of April 30, 2014 and 2013.
	Dividends
	The Company has not yet adopted any policy regarding payment of dividends.  No dividends have been paid or declared since inception.
	Income Taxes
	The Company follows FASB ASC 740-10, “Income Taxes” for recording the provision for income taxes.  Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled.  Deferred income tax expenses or benefits are based on the changes in the asset or liability each period.  If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized.  Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change.
	Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods.  Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate.  Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse.
	The Company applies a more-likely-than-not recognition threshold for all tax uncertainties. ASC Topic 740 only allows the recognition of those tax benefits that have a greater than fifty percent likelihood of being sustained upon examination by the taxing authorities. As of April 30, 2014, the Company reviewed its tax positions and determined there were no outstanding, or retroactive tax positions with less than a 50% likelihood of being sustained upon examination by the taxing authorities, therefore this standard has not had a material effect on the Company.
	The Company does not anticipate any significant changes to its total unrecognized tax benefits within the next 12 months.
	The Company classifies tax-related penalties and net interest as income tax expense. As of April 30, 2014 and 2013, no income tax expense has been incurred.
	Contingencies
	The Company is not currently a party to any pending or threatened legal proceedings.  Based on information currently available, management is not aware of any matters that would have a material adverse effect on the Company’s financial condition, results of operations or cash flows.
	Recent pronouncements
	The Company evaluated all recent accounting pronouncements issued and determined that the adoption of these pronouncements would not have a material effect on the financial position, results of operations or cash flows of the Company.

Going_Concern

Going Concern	12 Months Ended
	Apr. 30, 2014
Notes	'
Going Concern	'
	Note 3 - Going concern
	The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company had an accumulated deficit of $44,212 as of April 30, 2014. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.
	In order to continue as a going concern, the Company will need, among other things, additional capital resources.  The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing.  There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern.
	The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

Income_Taxes_Note

Income Taxes Note	12 Months Ended
	Apr. 30, 2014
Notes	'
Income Taxes Note	'
	Note 4 - Income taxes
	For the years ended April 30, 2014 and 2013, the Company incurred net operating losses and, accordingly, no provision for income taxes has been recorded.  In addition, no benefit for income taxes has been recorded due to the uncertainty of the realization of any tax assets.  At April 30, 2014 and 2013, the Company had approximately $44,212 and $400 of federal and state net operating losses, respectively.  The net operating loss carry forwards, if not utilized, will begin to expire in 2033. The provision for income taxes consisted of the following components for the year ended April 30:
	The components of the Company’s deferred tax asset are as follows:
		30-Apr-14	30-Apr-13
	Deferred tax assets:
	Net operating loss carry forwards	15,474	140
	Valuation allowance	-15,474	-140
	Total deferred tax assets	$         -	$         -
	The valuation allowance for deferred tax assets as of April 30, 2014 and 2013 was $15,474 and $140, respectively.  In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible.  Management considers the scheduled reversals of future deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment.  As a result, management determined it was more likely than not the deferred tax assets would not be realized as of April 30, 2014, and recorded a full valuation allowance.
	Reconciliation between the statutory rate and the effective tax rate is as follows at April 30:
		2014
	Federal statutory tax rate	-35.00%
	Permanent difference and other	35.00%

Stockholders_Equity_Note

Stockholders' Equity Note	12 Months Ended
	Apr. 30, 2014
Notes	'
Stockholders' Equity Note	'
	Note 5 - Stockholders’ equity
	The Company is authorized to issue up to 75,000,000 shares of its $0.001 par value common stock.
	On April 23, 2013, the Company issued 6,000,000 shares of its $0.001 par value common stock as founders’ shares to an officer and director in exchange for cash in the amount of $20,000.  The proceeds have not been received as at April 23, 2013 and hence are classified as stock receivable as on April 30, 2013.  On May 3, 2013, total proceeds of $20,000 were received from the shareholder in satisfaction of the stock receivable.
	During August 2013, an officer and director donated cash of $1,500.  The funds are not expected to be repaid and are considered additional paid-in capital.
	On October 18, 2013, the Company issued 3,500,000 shares of its $0.001 par value common stock in a registered public offering for total gross proceeds of $35,000 in cash.
	As of April 30, 2014, there have been no other issuances of common stock.

Warrants_and_Options

Warrants and Options	12 Months Ended
	Apr. 30, 2014
Notes	'
Warrants and Options	'
	Note 6 - Warrants and options
	As of April 30, 2014, there were no warrants or options outstanding to acquire any additional shares of common stock.

Subsequent_Events

Subsequent Events	12 Months Ended
	Apr. 30, 2014
Notes	'
Subsequent Events	'
	Note 7 - Subsequent Events
	The Company’s Management has reviewed all material events through the date of this report in accordance with ASC 855-10, and believes there are only the following material subsequent events to report:

Accounting_Policies_and_Proced1

Accounting Policies and Procedures: Basis of Presentation (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
Basis of Presentation	'
	Basis of Presentation:
	The financial statements present the balance sheets, statements of operations, stockholder’s equity and cash flows of the Company. The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America.

Accounting_Policies_and_Proced2

Accounting Policies and Procedures: Year End (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
Year End	'
	Year end
	The Company has adopted April 30 as its fiscal year end.

Accounting_Policies_and_Proced3

Accounting Policies and Procedures: Use of Estimates (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
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 of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

Accounting_Policies_and_Proced4

Accounting Policies and Procedures: Cash and Cash Equivalents Policy (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
Cash and Cash Equivalents Policy	'
	Cash and cash equivalents
	The Company maintains a cash balance in a non-interest-bearing account that currently does not exceed federally insured limits.  For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents.  There were no cash equivalents as of April 30, 2014 and 2013.

Accounting_Policies_and_Proced5

Accounting Policies and Procedures: Fair Value of Financial Instruments (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
Fair Value of Financial Instruments	'
	Fair value of financial instruments
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of April 30, 2014 and 2013.  The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and other current liabilities. Fair values were assumed to approximate carrying values for cash and other current liabilities because they are short term in nature and they are payable on demand.

Accounting_Policies_and_Proced6

Accounting Policies and Procedures: Revenue Recognition Policy (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
Revenue Recognition Policy	'
	Revenue recognition
	The Company’s revenue recognition policies are in compliance with FASB ASC 605-35 “Revenue Recognition”.  Revenue is recognized when a formal arrangement exists, the price is fixed or determinable, all obligations have been performed pursuant to the terms of the formal arrangement and collectability is reasonably assured.  The Company recognizes revenues on sales of its services, based on the terms of the customer agreement.  The customer agreement takes the form of either a contract or a customer purchase order and each provides information with respect to the service being sold and the sales price.  If the customer agreement does not have specific delivery or customer acceptance terms, revenue is recognized at the time the service is provided to the customer.

Accounting_Policies_and_Proced7

Accounting Policies and Procedures: Advertising Costs Policy (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
Advertising Costs Policy	'
	Advertising costs
	The Company expenses all costs of advertising as incurred.  There were no advertising costs included in selling, general and administrative expenses at April 30, 2014 and 2013.

Accounting_Policies_and_Proced8

Accounting Policies and Procedures: General and Administrative Expenses Policy (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
General and Administrative Expenses Policy	'
	General and administrative expenses
	The significant components of general and administrative expenses consist of bank fees and license and permit fees.

Accounting_Policies_and_Proced9

Accounting Policies and Procedures: Loss Per Share Policy (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
Loss Per Share Policy	'
	Loss per share
	Net loss per share is provided in accordance with FASB ASC 260-10, “Earnings per Share”.  Basic loss per share is computed by dividing losses available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company had no dilutive common stock equivalents, such as stock options or warrants as of April 30, 2014 and 2013.

Recovered_Sheet1

Accounting Policies and Procedures: Dividends Policy (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
Dividends Policy	'
	Dividends
	The Company has not yet adopted any policy regarding payment of dividends.  No dividends have been paid or declared since inception.

Recovered_Sheet2

Accounting Policies and Procedures: Income Taxes Policy (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
Income Taxes Policy	'
	Income Taxes
	The Company follows FASB ASC 740-10, “Income Taxes” for recording the provision for income taxes.  Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled.  Deferred income tax expenses or benefits are based on the changes in the asset or liability each period.  If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized.  Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change.
	Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods.  Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate.  Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse.
	The Company applies a more-likely-than-not recognition threshold for all tax uncertainties. ASC Topic 740 only allows the recognition of those tax benefits that have a greater than fifty percent likelihood of being sustained upon examination by the taxing authorities. As of April 30, 2014, the Company reviewed its tax positions and determined there were no outstanding, or retroactive tax positions with less than a 50% likelihood of being sustained upon examination by the taxing authorities, therefore this standard has not had a material effect on the Company.
	The Company does not anticipate any significant changes to its total unrecognized tax benefits within the next 12 months.
	The Company classifies tax-related penalties and net interest as income tax expense. As of April 30, 2014 and 2013, no income tax expense has been incurred.

Recovered_Sheet3

Accounting Policies and Procedures: Contingencies Policy (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
Contingencies Policy	'
	Contingencies
	The Company is not currently a party to any pending or threatened legal proceedings.  Based on information currently available, management is not aware of any matters that would have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

Recovered_Sheet4

Accounting Policies and Procedures: Recent Pronouncements Policy (Policies)	12 Months Ended
	Apr. 30, 2014
Policies	'
Recent Pronouncements Policy	'
	Recent pronouncements
	The Company evaluated all recent accounting pronouncements issued and determined that the adoption of these pronouncements would not have a material effect on the financial position, results of operations or cash flows of the Company.

Income_Taxes_Note_Schedule_of_

Income Taxes Note: Schedule of Deferred Tax Assets (Tables)	12 Months Ended
	Apr. 30, 2014
Tables/Schedules	'
Schedule of Deferred Tax Assets	'
		30-Apr-14	30-Apr-13
	Deferred tax assets:
	Net operating loss carry forwards	15,474	140
	Valuation allowance	-15,474	-140
	Total deferred tax assets	$         -	$         -

Income_Taxes_Note_Schedule_of_1

Income Taxes Note: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Apr. 30, 2014
Tables/Schedules	'
Schedule of Effective Income Tax Rate Reconciliation	'
		2014
	Federal statutory tax rate	-35.00%
	Permanent difference and other	35.00%

Going_Concern_Details

Going Concern (Details) (USD $)	Apr. 30, 2014
Details	'
Accumulated deficit	$44,212

Income_Taxes_Note_Details

Income Taxes Note (Details) (USD $)	Apr. 30, 2014	Apr. 30, 2013
Details	'	'
Federal and state net operating losses carried forward	$44,212	$400

Income_Taxes_Note_Schedule_of_2

Income Taxes Note: Schedule of Deferred Tax Assets (Details) (USD $)	Apr. 30, 2014	Apr. 30, 2013
Details	'	'
Net operating loss carry forwards	$15,474	$140
Valuation allowance	($15,474)	($140)

Income_Taxes_Note_Schedule_of_3

Income Taxes Note: Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Apr. 30, 2014
Details	'
Federal statutory tax rate	35.00%
Permanent difference and other	35.00%

Stockholders_Equity_Note_Detai

Stockholders' Equity Note (Details) (USD $)	12 Months Ended			0 Months Ended	12 Months Ended
	Apr. 30, 2014	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2013	Apr. 23, 2013	Apr. 30, 2014
				Founders' Shares	Founders' Shares	Registered Public Offering
Common stock issued	'	'	'	6,000,000	'	'
Stock receivable	'	'	$20,000	$20,000	'	'
Proceeds from issuance of common stock	55,000	55,000	20,000	'	20,000	35,000
Proceeds from donated cash	$1,500	'	'	'	'	'
Common stock issued for cash	'	'	'	'	'	3,500,000