| Organization, Consolidation and Presentation of Financial Statements | 12 Months Ended |
| 31-May-14 |
| Organization, Consolidation and Presentation of Financial Statements: | ' |
| Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies | ' |
| MILESTONE INTERNATIONAL, CORP. |
| NOTES TO THE FINANCIAL STATEMENTS |
| 31-May-14 |
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| NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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| Organization and Description of Business |
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| Milestone International, Corp. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on April 18, 2013. We are a Russia based corporation and intend to provide service in interior design in its targeted markets, which currently is Russia. |
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| In the year ended May 31, 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. |
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| Use of Estimates |
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| 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. |
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| Cash and Cash Equivalents |
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| The Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents. |
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| Earnings per Share |
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| The Company computes loss per share in accordance with “ASC-260,” “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted 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. As of May 31, 2014 the company had no potential dilutive shares outstanding. |
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| NOTE 2 – GOING CONCERN |
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| The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has not generated any revenues and has incurred losses since inception resulting in an accumulated deficit of $6,182 as of May 31, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock. |
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| NOTE 3 – INCOME TAXES |
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| As of May 31, 2014 the Company had net operating loss carry forwards of $6,182 that may be available to reduce future years’ taxable income through 2034. 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. |
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| Components of net deferred tax assets, including a valuation allowance, are as follows at May 31, 2014 and 2013. |
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| 2014 | 2013 |
| Deferred tax assets: | | |
| Net operating loss carry forward | $ 6,182 | $ 224 |
| | Total deferred tax assets | 2,164 | 78 |
| Less: valuation allowance | -2,164 | (78) |
| Net deferred tax assets | $ - | $ - |
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| The valuation allowance for deferred tax assets as of May 31, 2014 was $2,164. 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 assets, 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 May 31, 2014. |
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| Reconciliation between the statutory rate and the effective tax rate is as follows at May 31, 2014 and 2013: |
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| 2014 | 2013 |
| Federal statutory tax rate | -35 | % | (35.0) % |
| Valuation allowance | 35 | % | 35.0 % |
| Effective tax rate | - | % | - % |
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| NOTE 4 – RELATED PARTY TRANSACTIONS |
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| Since inception through May 31, 2014, the Director advanced the Company $1,824 to pay for general and administrative expenses. This loan is non-interest bearing, due upon demand and unsecured. |
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| NOTE 5 – EQUITY |
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| During May 2014, the Company issued 950,000 common shares for cash proceeds of $19,000. The Company also issued 40,000 shares for $800 which was recorded as a subscription receivable. The cash was received in June 2014. |
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| NOTE 6 – SUBSEQUENT EVENTS |
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| In June 2014, the Company issued 90,000 common shares for proceeds of $1,800. |
