Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended |
Aug. 31, 2014 | |
Document and Entity Information: | ' |
Entity Registrant Name | 'MILESTONE INTERNATIONAL, CORP. |
Document Type | '10-Q |
Document Period End Date | 31-Aug-14 |
Amendment Flag | 'false |
Entity Central Index Key | '0001578731 |
Current Fiscal Year End Date | '--05-31 |
Entity Common Stock, Shares Outstanding | 5,090,000 |
Entity Filer Category | 'Smaller Reporting Company |
Entity Current Reporting Status | 'No |
Entity Voluntary Filers | 'No |
Entity Well-known Seasoned Issuer | 'No |
Document Fiscal Year Focus | '2015 |
Document Fiscal Period Focus | 'Q1 |
Statement_of_Financial_Positio
Statement of Financial Position (USD $) | Aug. 31, 2014 | 31-May-14 |
Assets, Current | ' | ' |
Cash and Cash Equivalents, at Carrying Value | $1,308 | $18,642 |
Other Assets, Current | ' | 800 |
Assets, Current | 1,308 | 19,442 |
Assets | 1,308 | 19,442 |
Liabilities, Noncurrent | ' | ' |
Due to Related Parties, Noncurrent | 1,824 | 1,824 |
Liabilities | 1,824 | 1,824 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ' | ' |
Common Stock, Value, Issued | 5,090 | 4,990 |
Additional Paid in Capital, Common Stock | 20,710 | 18,810 |
Retained Earnings (Accumulated Deficit) | -26,316 | -6,182 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | -516 | 17,618 |
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures | ' | ' |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 4,990,000 | 4,990,000 |
Liabilities and Equity | $1,308 | $19,442 |
Statement_of_Income
Statement of Income (USD $) | 3 Months Ended | |
Aug. 31, 2014 | Aug. 31, 2013 | |
Revenues | ' | ' |
Revenues | ' | $1,000 |
Operating Expenses | ' | ' |
General and Administrative Expense | 20,134 | 5,436 |
Operating Expenses | 20,134 | 5,436 |
Operating Income (Loss) | -20,134 | -4,436 |
Net Income (Loss) Attributable to Parent | ($20,134) | ($4,436) |
Earnings Per Share | ' | ' |
Earnings Per Share, Basic | $0 | $0 |
Weighted Average Number of Shares Outstanding, Basic | 5,086,739 | 4,000,000 |
Statement_of_Cash_Flows
Statement of Cash Flows (USD $) | 3 Months Ended | |
Aug. 31, 2014 | Aug. 31, 2013 | |
Net Cash Provided by (Used in) Operating Activities | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($20,134) | ($4,436) |
Net Cash Provided by (Used in) Operating Activities | -20,134 | -4,436 |
Net Cash Provided by (Used in) Financing Activities | ' | ' |
Proceeds from Issuance of Common Stock | 2,800 | ' |
Proceeds from loans | ' | 1,550 |
Net Cash Provided by (Used in) Financing Activities | 2,800 | 1,550 |
Cash and Cash Equivalents, Period Increase (Decrease) | -17,334 | -2,886 |
Cash and Cash Equivalents, at Carrying Value | 18,642 | 4,050 |
Cash and Cash Equivalents, at Carrying Value | $1,308 | $1,164 |
Organization_Consolidation_and
Organization, Consolidation and Presentation of Financial Statements | 3 Months Ended |
Aug. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements: | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies | ' |
NOTE 1 – BASIS OF PRESENTATION | |
The accompanying unaudited interim financial statements of Milestone International, Corp. (“we”, “our”, “Milestone” or 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 Milestone’s audited 2014 annual financial statements and notes thereto filed on Form 10-K with the SEC. In the opinion of management, all adjustments, consisting of normal reoccurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods present have been reflected herein. The results of operation for 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 disclosure required in Milestone’s fiscal 2014 financial statements have been omitted. | |
NOTE 2 – GOING CONCERN | |
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 $26,316 as of August 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. | |
NOTE 3 – RELATED PARTY TRANSACTIONS | |
Since inception through August 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. | |
NOTE 4 – EQUITY | |
During June 2014, the Company issued 100,000 common shares for cash proceeds of $2,000. | |