Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Aug. 31, 2014 | Oct. 20, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Perk International Inc. | ' |
Entity Central Index Key | '0001579717 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--05-31 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Aug-14 | ' |
Document Fiscal Year Focus | '2015 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 75,133,132 |
Balance_Sheets_unaudited
Balance Sheets (unaudited) (USD $) | Aug. 31, 2014 | 31-May-14 |
Current assets | ' | ' |
Cash and cash equivalents | ' | $23 |
Other Assets | ' | ' |
Website development, net | 5,625 | 6,000 |
TOTAL ASSETS | 5,625 | 6,023 |
Current Liabilities | ' | ' |
Accounts payable and accrued expenses | 17,085 | 22,355 |
Bank overdraft | 25 | ' |
Shareholder loans | 3,949 | 3,752 |
Total Liabilities | 21,059 | 26,107 |
Stockholders' Deficit | ' | ' |
Common stock, $.0001 par value, 250,000,000 shares authorized, 75,133,132 and 75,066,666 shares issued and outstanding at August 31, 2014 and May 31, 2014, respectively | 7,513 | 7,506 |
Additional paid in capital | 48,672 | 38,665 |
Stock warrants | 6,115 | 6,129 |
Accumulated deficit | -77,734 | -72,384 |
Total Stockholders' Deficit | -15,434 | -20,084 |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $5,625 | $6,023 |
Balance_Sheets_Parenthetical_u
Balance Sheets (Parenthetical) (unaudited) (USD $) | Aug. 31, 2014 | 31-May-14 |
Statement of Financial Position [Abstract] | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 250,000,000 | 250,000,000 |
Common stock, shares issued | 75,133,132 | 75,066,666 |
Common stock, shares outstanding | 75,133,132 | 75,066,666 |
Statements_of_Operations_unaud
Statements of Operations (unaudited) (USD $) | 3 Months Ended | |
Aug. 31, 2014 | Aug. 31, 2013 | |
Income Statement [Abstract] | ' | ' |
REVENUES | ' | ' |
OPERATING EXPENSES | ' | ' |
Professional fees | 6,030 | 8,394 |
Filing fees | -1,375 | 1,833 |
Amortization | 375 | 375 |
Bank charges | 245 | 115 |
Interest expense | 75 | 6 |
TOTAL OPERATING EXPENSES | 5,350 | 10,723 |
LOSS BEFORE INCOME TAXES | -5,350 | -10,723 |
PROVISION FOR INCOME TAXES | ' | ' |
NET LOSS | ($5,350) | ($10,723) |
NET LOSS PER SHARE: BASIC AND DILUTED | $0 | $0 |
WEIGHTED AVERAGE SHARES OUTSTANDING: BASIC AND DILUTED | 75,103,514 | 45,000,000 |
Statements_of_Cash_Flows_unaud
Statements of Cash Flows (unaudited) (USD $) | 3 Months Ended | |
Aug. 31, 2014 | Aug. 31, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net loss for the period | ($5,350) | ($10,723) |
Adjustment to reconcile net loss to net cash used in operating activities: | ' | ' |
Amortization | 375 | 375 |
Changes in assets and liabilities: | ' | ' |
Increase (decrease) in accounts payable and accrued expenses | -5,270 | 8,400 |
Net Cash Used in Operating Activities | -10,245 | -1,948 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Increase in bank overdraft | 25 | ' |
Exercise of stock warrants | 10,000 | ' |
Shareholder loans | 197 | 377 |
Net Cash Provided by Financing Activities | 10,222 | 377 |
Net (Decrease) in Cash and Cash Equivalents | -23 | -1,571 |
Cash and cash equivalents, beginning of period | 23 | 1,577 |
Cash and cash equivalents, end of period | ' | 6 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ' | ' |
Interest paid | ' | ' |
Income taxes paid | ' | ' |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 3 Months Ended |
Aug. 31, 2014 | |
Summary of Significant Accounting Policies [Abstract] | ' |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' |
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Organization and Description of Business | |
Perk International Inc. (“the Company” or “Perk”) was incorporated under the laws of the State of Nevada on April 10, 2013. The Company plans to become an e-commerce marketplace that connects merchants to consumers by offering daily discounts on goods and services through our website located at www.usellisave.com . Our corporate headquarters are located at 2470 East 16th Street, Brooklyn, NY 11235, but we plan to launch our business throughout the Greater Toronto Area. | |
Basis of Presentation | |
The accompanying unaudited interim financial statements of Perk International, Inc. 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 (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the financial statements to be not misleading have been reflected herein. The results of operations 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 contained in the audited financial statements for the most recent fiscal year ended May 31, 2014 as reported in Form 10-K, have been omitted. | |
Cash and Cash Equivalents | |
The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company had $0 and $23 of cash as of August 31, 2014 and May 31, 2014, respectively. | |
Fair Value of Financial Instruments | |
The Company’s financial instruments consist of cash and cash equivalents, website development costs and accrued expenses. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. | |
Income Taxes | |
Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. | |
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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Revenue Recognition | |
The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. | |
Stock-Based Compensation | |
Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. | |
Basic Income (Loss) Per Share | |
Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of August 31, 2014. | |
Comprehensive Income | |
The Company has which established standards for reporting and display of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders’ Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income. | |
Recent Accounting Pronouncements | |
In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as "Development Stage Entities" (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity's financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915. The Company has adopted this standard. | |
In August 2014, FASB issued Accounting Standards Update (ASU) No. 2014-15 Preparation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity's liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entity's liquidation becomes imminent, financial statements should be prepared under the liquidation basis of accounting in accordance with Subtopic 205-30, Presentation of Financial Statements—Liquidation Basis of Accounting. Even when an entity's liquidation is not imminent, there may be conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. In those situations, financial statements should continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine whether to disclose information about the relevant conditions and events. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company will evaluate the going concern considerations in this ASU, however, at the current period, management does not believe that it has met the conditions which would subject these financial statements for additional disclosure. | |
Management has considered all recent accounting pronouncements issued since the last audit of its financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements. |
Going_Concern
Going Concern | 3 Months Ended |
Aug. 31, 2014 | |
Going Concern [Abstract] | ' |
GOING CONCERN | ' |
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 negative working capital, has not yet received revenue from sales of products or services, and has incurred losses since inception resulting in an accumulated deficit of $77,734 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, loans, and sales of common stock. |
Shareholder_Loans
Shareholder Loans | 3 Months Ended |
Aug. 31, 2014 | |
Shareholder Loans [Abstract] | ' |
SHAREHOLDER LOANS | ' |
NOTE 3 – SHAREHOLDER LOANS | |
During the year ended May 31, 2014, a shareholder advanced the Company $3,752. During the quarter ended August 31, 2014, the shareholder advanced an additional $197. The loans are unsecured, bear interest at 8% and are due in one year. The Company has accrued interest of $284 on the outstanding balance as of August 31, 2014. |
Equity
Equity | 3 Months Ended | ||||||||
Aug. 31, 2014 | |||||||||
Equity [Abstract] | ' | ||||||||
EQUITY | ' | ||||||||
NOTE 4– EQUITY | |||||||||
The Company has 250,000,000 shares of $0.0001 par value common stock authorized. | |||||||||
On April 30, 2013, the Company issued 45,000,000 shares of common stock to its founders at $0.00027 per share for cash proceeds of $12,150. | |||||||||
The founders also contributed $150 during the period ended May 31, 2013. | |||||||||
In November and December 2013, the Company received cash and subscription agreements for the sale of 30,000,000 units consisting of one share of the Company’s common stock, and, one warrant for the purchase of one share of the Company’s common stock at a purchase price of $0.25 per share and expiring on September 30, 2017 (the Warrants), for gross proceeds of $30,000. The relative allocated fair market value of the Warrants was $6,143 on the grant dates. | |||||||||
Warrants and Options | |||||||||
The Company issued 30,000,000 stock warrants in connection with the issuance of common stock. The Company has accounted for these warrants as equity instruments in accordance with ASC 815-40, Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock, and as such, will be classified in stockholders’ equity as they meet the definition of “indexed to the issuer’s stock” in ASC 815-40. The Company has estimated the allocated fair value of the warrants issued in connection with the private placement at $6,143 as of the grant dates using the Black-Scholes option pricing model. Each common stock purchase warrant has an exercise price of $0.25 and will expire on September 30, 2017. | |||||||||
On April 3, 2014 the exercise price for all the outstanding warrants was revised from $0.25 to $0.15 per share. The warrants were revalued on that date and the change in value was trivial and deemed immaterial so no adjustment was recorded. | |||||||||
During the year ended May 31, 2014, 66,666 warrants were exercised at $0.15 per share, resulting in 66,666 shares of common stock being issued for $10,000 in cash. | |||||||||
During the fiscal quarter ended August 31, 2014, 66,666 warrants were exercised at $0.15 per share, resulting in 66,666 shares of common stock being issued for $10,000 in cash. | |||||||||
There are 29,866,668 stock warrants remaining as of August 31, 2014. The remaining warrants will expire on September 30, 2017. | |||||||||
The following table presents warrant activity since inception: | |||||||||
Number of Warrants | Weighted Average Exercise Price | ||||||||
April 10, 2013, Inception | - | $ | 0 | ||||||
Granted | - | - | |||||||
Exercised | - | - | |||||||
Cancelled or Expired | - | - | |||||||
31-May-13 | 0 | $ | - | ||||||
Granted | 30,000,000 | 0.15 | |||||||
Exercised | (66,666 | ) | (0.15 | ) | |||||
Cancelled or Expired | - | - | |||||||
31-May-14 | 29,333,334 | $ | 0.15 | ||||||
Granted | - | - | |||||||
Exercised | (66,666 | ) | (0.15 | ) | |||||
Cancelled or Expired | - | - | |||||||
31-Aug-14 | 29,866,668 | $ | 0.15 | ||||||
Commitments
Commitments | 3 Months Ended |
Aug. 31, 2014 | |
Commitments [Abstract] | ' |
COMMITMENTS | ' |
NOTE 5 – COMMITMENTS | |
The Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future. |
Subsequent_Events
Subsequent Events | 3 Months Ended |
Aug. 31, 2014 | |
Subsequent Events [Abstract] | ' |
SUBSEQUENT EVENTS | ' |
NOTE 6 – SUBSEQUENT EVENTS | |
In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to August 31, 2014 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Aug. 31, 2014 | |
Summary of Significant Accounting Policies [Abstract] | ' |
Organization and Description of Business | ' |
Organization and Description of Business | |
Perk International Inc. (“the Company” or “Perk”) was incorporated under the laws of the State of Nevada on April 10, 2013. The Company plans to become an e-commerce marketplace that connects merchants to consumers by offering daily discounts on goods and services through our website located at www.usellisave.com . Our corporate headquarters are located at 2470 East 16th Street, Brooklyn, NY 11235, but we plan to launch our business throughout the Greater Toronto Area. | |
Basis of Presentation | ' |
Basis of Presentation | |
The accompanying unaudited interim financial statements of Perk International, Inc. 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 (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the financial statements to be not misleading have been reflected herein. The results of operations 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 contained in the audited financial statements for the most recent fiscal year ended May 31, 2014 as reported in Form 10-K, have been omitted. | |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents | |
The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company had $0 and $23 of cash as of August 31, 2014 and May 31, 2014, respectively. | |
Fair Value of Financial Instruments | ' |
Fair Value of Financial Instruments | |
The Company’s financial instruments consist of cash and cash equivalents, website development costs and accrued expenses. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. | |
Income Taxes | ' |
Income Taxes | |
Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. | |
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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Revenue Recognition | ' |
Revenue Recognition | |
The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. | |
Stock-Based Compensation | ' |
Stock-Based Compensation | |
Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. | |
Basic Income (Loss) Per Share | ' |
Basic Income (Loss) Per Share | |
Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of August 31, 2014. | |
Comprehensive Income | ' |
Comprehensive Income | |
The Company has which established standards for reporting and display of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders’ Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income. | |
Recent Accounting Procnouncements | ' |
Recent Accounting Pronouncements | |
In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as "Development Stage Entities" (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity's financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915. The Company has adopted this standard. | |
In August 2014, FASB issued Accounting Standards Update (ASU) No. 2014-15 Preparation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity's liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entity's liquidation becomes imminent, financial statements should be prepared under the liquidation basis of accounting in accordance with Subtopic 205-30, Presentation of Financial Statements—Liquidation Basis of Accounting. Even when an entity's liquidation is not imminent, there may be conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. In those situations, financial statements should continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine whether to disclose information about the relevant conditions and events. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company will evaluate the going concern considerations in this ASU, however, at the current period, management does not believe that it has met the conditions which would subject these financial statements for additional disclosure. | |
Management has considered all recent accounting pronouncements issued since the last audit of its financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements. |
Equity_Tables
Equity (Tables) | 3 Months Ended | ||||||||
Aug. 31, 2014 | |||||||||
Equity [Abstract] | ' | ||||||||
Summary of warrant activity | ' | ||||||||
Number of Warrants | Weighted Average Exercise Price | ||||||||
April 10, 2013, Inception | - | $ | 0 | ||||||
Granted | - | - | |||||||
Exercised | - | - | |||||||
Cancelled or Expired | - | - | |||||||
31-May-13 | 0 | $ | - | ||||||
Granted | 30,000,000 | 0.15 | |||||||
Exercised | (66,666 | ) | (0.15 | ) | |||||
Cancelled or Expired | - | - | |||||||
31-May-14 | 29,333,334 | $ | 0.15 | ||||||
Granted | - | - | |||||||
Exercised | (66,666 | ) | (0.15 | ) | |||||
Cancelled or Expired | - | - | |||||||
31-Aug-14 | 29,866,668 | $ | 0.15 | ||||||
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) (USD $) | Aug. 31, 2014 | 31-May-14 | Aug. 31, 2013 | 31-May-13 |
Summary of Significant Accounting Policies [Abstract] | ' | ' | ' | ' |
Cash | ' | $23 | $6 | $1,577 |
Going_Concern_Details
Going Concern (Details) (USD $) | Aug. 31, 2014 | 31-May-14 |
Going Concern [Abstract] | ' | ' |
Accumulated Deficit | $77,734 | $72,384 |
Shareholder_Loans_Details
Shareholder Loans (Details) (USD $) | 3 Months Ended | 12 Months Ended |
Aug. 31, 2014 | 31-May-14 | |
Shareholder Loans [Abstract] | ' | ' |
Advances from shareholders | $197 | $3,752 |
Interest rate on unsecured loans | 8.00% | ' |
Unsecured loan maturity period | 'Due in one year. | ' |
Accrued interest expense | $284 | ' |
Equity_Details
Equity (Details) (USD $) | 2 Months Ended | 3 Months Ended | 12 Months Ended |
31-May-13 | Aug. 31, 2014 | 31-May-14 | |
Equity [Abstract] | ' | ' | ' |
Beginning Balance, Number of Warrants | ' | 29,333,334 | 0 |
Granted, Number of Warrants | ' | ' | 30,000,000 |
Exercised, Number of Warrants | ' | -66,666 | -66,666 |
Cancelled or Expired, Number of Warrants | ' | ' | ' |
Ending Balance, Number of Warrants | 0 | 29,866,668 | 29,333,334 |
Beginning Balance, Weighted Average Exercise Price | $0 | $0.15 | ' |
Granted, Weighted Average Exercise Price | ' | ' | $0.15 |
Exercised, Weighted Average Exercise Price | ' | ($0.15) | ($0.15) |
Cancelled or Expired, Weighted Average Exercise Price | ' | ' | ' |
Ending Balance, Weighted Average Exercise Price | ' | $0.15 | $0.15 |
Equity_Details_Textual
Equity (Details Textual) (USD $) | 1 Months Ended | 2 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | |||||||
Dec. 31, 2013 | Nov. 30, 2013 | 31-May-13 | Apr. 30, 2013 | 31-May-13 | Aug. 31, 2014 | Aug. 31, 2013 | 31-May-14 | Apr. 10, 2013 | Aug. 31, 2014 | Apr. 03, 2014 | Apr. 03, 2014 | |
Private Placement [Member] | Maximum [Member] | Minimum [Member] | ||||||||||
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares authorized | ' | ' | ' | ' | ' | 250,000,000 | ' | 250,000,000 | ' | ' | ' | ' |
Common stock, par value | ' | ' | ' | ' | ' | $0.00 | ' | $0.00 | ' | ' | ' | ' |
Common stock issued, shares | 30,000,000 | 30,000,000 | ' | 45,000,000 | ' | ' | ' | ' | ' | 6,143 | ' | ' |
Common stock issued, per share value | ' | ' | ' | $0.00 | ' | ' | ' | ' | ' | $0.25 | ' | ' |
Common stock issued, value | ' | ' | ' | $12,150 | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from contributed capital | ' | ' | 150 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of the warrants | 6,143 | 6,143 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise price of warrants | $0.25 | $0.25 | ' | ' | ' | ' | ' | ' | ' | ' | $0.25 | $0.15 |
Gross proceed from issuance of warrants for purchase of common stock | 30,000 | 30,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants expiration date | 30-Sep-17 | 30-Sep-17 | ' | ' | ' | 30-Sep-17 | ' | ' | ' | 30-Sep-17 | ' | ' |
Common stock issued from exercise of warrants, shares | ' | ' | ' | ' | ' | 66,666 | ' | 66,666 | ' | ' | ' | ' |
Gross proceeds resulting common stock issued from exercise of warrants | ' | ' | ' | ' | ' | $10,000 | ' | $10,000 | ' | ' | ' | ' |
Exercised, Number of Warrants | ' | ' | ' | ' | ' | -66,666 | ' | -66,666 | ' | ' | ' | ' |
Exercised, Weighted Average Exercise Price | ' | ' | ' | ' | ' | ($0.15) | ' | ($0.15) | ' | ' | ' | ' |
Number of warrants, outstanding | ' | ' | 0 | ' | 0 | 29,866,668 | ' | 29,333,334 | ' | ' | ' | ' |