Milestone International (HSHS) 10-Q 15 Apr 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Feb. 28, 2015
Document and Entity Information:
Entity Registrant Name	MILESTONE INTERNATIONAL, CORP.
Document Type	10-Q
Document Period End Date	28-Feb-15
Amendment Flag	FALSE
Entity Central Index Key	1578731
Current Fiscal Year End Date	-26
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	Q3

Statement_of_Financial_Positio

Statement of Financial Position (USD $)	Feb. 28, 2015	31-May-14
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$0	$18,642
Other Assets, Current		800
Assets, Current	0	19,442
Assets	0	19,442
Liabilities, Current
Accounts Payable, Current	942
Liabilities, Noncurrent
Due to Related Parties, Noncurrent	5,324	1,824
Liabilities	6,266	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)	-32,066	-6,182
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	-6,266	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	5,090,000	4,990,000
Liabilities and Equity	$0	$19,442

Statement_of_Income

Statement of Income (USD $)	3 Months Ended		9 Months Ended
	Feb. 28, 2015	Feb. 28, 2014	Feb. 28, 2015	Feb. 28, 2014
Revenues
Revenues		$1,300		$3,800
Operating Expenses
General and Administrative Expense	2,000	60	25,884	8,056
Operating Expenses	2,000	60	25,884	8,056
Operating Income (Loss)	-2,000	-1,240	-25,884	-4,256
Net Income (Loss) Attributable to Parent	($2,000)	($1,240)	($25,884)	($4,256)
Earnings Per Share
Earnings Per Share, Basic	$0	$0	$0	$0
Weighted Average Number of Shares Outstanding, Basic	5,090,000	4,000,000	5,088,901	4,000,000

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	9 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	($25,884)	($4,256)
Increase (Decrease) in Operating Liabilities
Increase (Decrease) in Accounts Payable	942
Net Cash Provided by (Used in) Operating Activities	-24,942	-4,256
Net Cash Provided by (Used in) Financing Activities
Proceeds from Issuance of Common Stock	2,800
Proceeds from loans	3,500	1,550
Net Cash Provided by (Used in) Financing Activities	6,300	1,550
Cash and Cash Equivalents, Period Increase (Decrease)	-18,642	-2,706
Cash and Cash Equivalents, at Carrying Value	18,642	4,050
Cash and Cash Equivalents, at Carrying Value	$0	$1,344

Organization_Consolidation_and

Organization, Consolidation and Presentation of Financial Statements	9 Months Ended
	Feb. 28, 2015
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 financial statements include all accounts of the Company and in the opinion of management, reflect all adjustments, which include all normal recurring adjustments, necessary to state fairly the Company’s financial position, results of operations and cash flows for the period from May 31, 2014 to February 28, 2015. This financial statement period is not an indicative of the results to be expected for the year ending May 31, 2015, or for any other interim period in future. The unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States 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 generally accepted accounting principles for complete financial statements.  The information included in this Form 10-Q should be read in conjunction with information included in the Company’s 2014 Form 10-K for the fiscal year ended May 31, 2014, filed with the U.S. Securities and Exchange Commission on September 2, 2014.
	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 $32,066 as of February 28, 2015 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 February 28, 2015, the Director advanced the Company $5,324 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.