Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Jun. 30, 2014 | Aug. 14, 2014 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | 'Intellisense Solutions Inc. | ' |
Entity Central Index Key | '0001577445 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Jun-14 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--03-31 | ' |
Is Entity a Well-known Seasoned Issuer? | 'No | ' |
Is Entity a Voluntary Filer? | 'No | ' |
Is Entity's Reporting Status Current? | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 2,529,680 |
Document Fiscal Period Focus | 'Q1 | ' |
Document Fiscal Year Focus | '2015 | ' |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Jun. 30, 2014 | Mar. 31, 2014 |
Current assets : | ' | ' |
Cash and cash equivalents | $31,150 | $36,501 |
Prepaid expenses | 1,485 | 1,016 |
Total assets | 32,635 | 37,517 |
Current liabilities : | ' | ' |
Accounts payable and accrued expenses | 8,569 | 6,051 |
Total current liabilities | 8,569 | 6,051 |
Stockholders' equity (deficit) : | ' | ' |
Common stock, $0.001 par value; 75,000,000 shares authorized, 2,529,680 issued and outstanding, respectively | 2,529 | 2,529 |
Additional paid-in capital | 70,619 | 70,619 |
Accumulated deficit | -49,082 | -41,682 |
Total stockholders' equity (deficit) | 24,066 | 31,466 |
Total liability and stockholders' equity (deficit) | $32,635 | $37,517 |
BALANCE_SHEETS_Parenthetical
BALANCE SHEETS (Parenthetical) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 |
Stockholders' equity : | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 2,529,680 | 2,529,680 |
Common stock, shares outstanding | 2,529,680 | 2,529,680 |
STATEMENT_OF_OPERATIONS_Unaudi
STATEMENT OF OPERATIONS (Unaudited) (USD $) | 3 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
OPERATING EXPENSES | ' | ' |
Professional fees | $6,200 | $8,764 |
General & administrative | 1,200 | 962 |
Total Operating Expense | 7,400 | 9,726 |
NET LOSS | ($7,400) | ($9,726) |
BASIC AND DILUTED NET LOSS PER SHARE | $0 | $0 |
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 2,529,680 | 1,980,000 |
STATEMENT_OF_CASH_FLOWS_Unaudi
STATEMENT OF CASH FLOWS (Unaudited) (USD $) | 3 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net loss | ($7,400) | ($9,726) |
Changes in operating assets and liabilities: | ' | ' |
Prepaid expenses | -469 | ' |
Accounts payable and accrued liabilities | 2,518 | 162 |
Net cash used in operating activities | -5,351 | -9,564 |
Net increase in cash and cash equivalents | -5,351 | -9,564 |
Cash - opening | 36,501 | 19,980 |
Cash - closing | $31,150 | $10,416 |
Nature_of_Operations_and_Basis
Nature of Operations and Basis of Presentation | 3 Months Ended |
Jun. 30, 2014 | |
Notes to Financial Statements | ' |
Note 1 - Nature of Operations and Basis of Presentation | ' |
INTELLISENSE SOLUTIONS INC. (“the Company’s), incorporated in the state of Nevada on March 22, 2013, was formed to market vegetarian products over the Internet. | |
The accompanying unaudited interim financial statements of the Company 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, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10-K, have been omitted. | |
The company has limited operations and is considered to be in the development stage. In the quarter ended June 30, 2014, the Company has elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the company to remove the inception to date information and all references to development stage. |
Going_Concern
Going Concern | 3 Months Ended |
Jun. 30, 2014 | |
Notes to Financial Statements | ' |
Note 2 - Going Concern | ' |
As of June 30, 2014, the accompanying audited financial statements have been presented on the basis that it is a going concern in the development stage, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. | |
For the three months ended June 30, 2014 the Company has had a net loss of $7,400 consisting of general and administrative fees and professional fees. | |
As of June 30, 2014, the Company has not generated any revenue. In view of these matters, recoverability of any asset amounts shown in the accompanying audited financial statements is dependent upon the Company's ability to begin operations and to achieve a level of profitability. Since inception, the Company has financed its activities principally from the sale of equity securities. The Company intends on financing its future development activities and its working capital needs largely from loans and the sale of public equity securities with some additional funding from other traditional financing sources, including term notes, until such time that funds provided by operations are sufficient to fund working capital requirements. |
Going_Concern_Detail_Narrative
Going Concern (Detail Narrative) (USD $) | 3 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Going Concern Detail Narrative | ' | ' |
Net loss | $7,400 | $9,726 |