Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Mar. 23, 2015 | Jun. 30, 2014 | |
Document And Entity Information | |||
Entity Registrant Name | STELLA BLU, INC | ||
Entity Central Index Key | 1581220 | ||
Document Type | 10-K | ||
Document Period End Date | 31-Dec-14 | ||
Amendment Flag | FALSE | ||
Current Fiscal Year End Date | -19 | ||
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 Public Float | $380,000 | ||
Entity Common Stock, Shares Outstanding | 10,300,000 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2014 |
Balance_Sheets
Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
CURRENT ASSETS | ||
Cash | $9 | $15,584 |
Total Current Assets | 9 | 15,584 |
TOTAL ASSETS | 9 | 15,584 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 9,129 | 1,311 |
Loans from Related Party | 20,797 | |
Total Current Liabilities | 29,926 | 1,311 |
TOTAL LIABILITIES | 29,926 | 1,311 |
Capital Stock | ||
Preferred stock, 5,000,000 shares authorized, par value $0.0001, no shares issued or outstanding | ||
Common stock, 500,000,000 shares authorized, par value $0.0001 par value, 10,300,000 shares issued and outstanding | 1,030 | 1,030 |
Additional paid in capital | 65,409 | 65,409 |
Deficit accumulated during the development stage | 96,356 | 52,166 |
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) | -29,917 | 14,273 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $9 | $15,584 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Statement of Financial Position [Abstract] | ||
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, par value per share | $0.00 | $0.00 |
Preferred Stock, shares issued | ||
Preferred Stock, shares outstanding | ||
Common Stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, par value per share | $0.00 | $0.00 |
Common stock, shares issued | 10,300,000 | 10,300,000 |
Common stock, shares, outstanding | 10,300,000 | 10,300,000 |
Statements_Of_Operations
Statements Of Operations (USD $) | 12 Months Ended | 61 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | |
REVENUE | |||
Total Revenue | $0 | $0 | $0 |
EXPENSES | |||
Filing Fees | 14,930 | 5,352 | 20,282 |
Office & Miscellaneous | 789 | ||
Taxes & Licenses | 3,365 | 3,365 | |
Professional Fees | 29,260 | 42,660 | 71,920 |
Total Expenses | 44,190 | 51,377 | 96,356 |
Net Income (Loss) | ($44,190) | ($51,377) | ($96,356) |
BASIC AND DILUTED LOSS PER COMMON SHARE | $0 | $0 | |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 10,300,000 | 7,763,562 |
Statement_Of_Change_In_Stockho
Statement Of Change In Stockholders' Equity (USD $) | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total |
Balance, value at Dec. 13, 2009 | ||||
Balance, shares at Dec. 13, 2009 | ||||
Contributed capital | 789 | 789 | ||
Net loss for the year | -789 | -789 | ||
Balance value at Dec. 31, 2009 | 789 | -789 | ||
Balance, shares at Dec. 31, 2009 | ||||
Net loss for the year | ||||
Balance value at Dec. 31, 2010 | 789 | -789 | ||
Balance, shares at Dec. 31, 2010 | ||||
Net loss for the year | ||||
Balance value at Dec. 31, 2011 | 789 | -789 | ||
Balance, shares at Dec. 31, 2011 | ||||
Net loss for the year | ||||
Balance value at Dec. 31, 2012 | 789 | -789 | ||
Balance, shares at Dec. 31, 2012 | ||||
Common stock issued to a director for cash on February 10, 2013 ($0.0001), shares | 6,500,000 | |||
Common stock issued to a director for cash on February 10, 2013 ($0.0001), value | 650 | 650 | ||
Common stock issued for cash ($0.01), shares | 3,500,000 | |||
Common stock issued for cash ($0.01), value | 350 | 34,650 | 35,000 | |
Common stock issued for cash ($0.10), shares | 300,000 | |||
Common stock issued for cash ($0.10), value | 30 | 29,970 | 30,000 | |
Net loss for the year | -51,377 | -51,377 | ||
Balance value at Dec. 31, 2013 | 1,030 | 65,409 | -52,166 | 14,273 |
Balance, shares at Dec. 31, 2013 | 10,300,000 | 10,300,000 | ||
Net loss for the year | -44,190 | -44,190 | ||
Balance value at Dec. 31, 2014 | $1,030 | $65,409 | ($96,356) | ($29,917) |
Balance, shares at Dec. 31, 2014 | 10,300,000 | 10,300,000 |
Statement_Of_Change_In_Stockho1
Statement Of Change In Stockholders' Equity (Parenthetical) (Common Stock, USD $) | 0 Months Ended | |
Dec. 09, 2013 | Feb. 10, 2013 | |
Common Stock | ||
Issuance of stock price, per share | $0.10 | $0.00 |
Shares issued to investors, per share | $0.10 |
Statements_Of_Cash_Flows
Statements Of Cash Flows (USD $) | 12 Months Ended | 61 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | |
OPERATING ACTIVITIES | |||
Net Loss | ($44,190) | ($51,377) | ($96,356) |
Adjustments to reconcile Net Loss to net Cash used in operating activities: | |||
Increase in Accounts Payable | 7,819 | 1,311 | 9,129 |
NET CASH USED IN OPERATING ACTIVITIES | -36,372 | -50,066 | -87,227 |
FINANCING ACTIVITIES | |||
Proceeds from sale of common stock | 65,650 | 66,439 | |
Loans from Related Party | 20,797 | 20,797 | |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 20,797 | 65,650 | 87,236 |
NET INCREASE (DECREASE) IN CASH | -15,575 | 15,584 | 9 |
CASH, BEGINNING OF PERIOD | 15,584 | ||
CASH, END OF PERIOD | 9 | 15,584 | 9 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
Cash paid for interest | |||
Cash paid for taxes |
General_Organization_And_Busin
General Organization And Business | 12 Months Ended |
Dec. 31, 2014 | |
General Organization And Business | |
General Organization and Business | NOTE 1 – GENERAL ORGANIZATION AND BUSINESS |
Stella Blu, Inc. (“the Company”) was incorporated under the laws of the State of Nevada on December 14, 2009. The Company began limited operations on February 10, 2013, is considered a development stage company, and has not yet realized any revenues from its planned operations. | |
The Company is engaged in the patent monetization business. The Company’s principal operations will include the acquisition, licensing, and enforcement of patented technologies. The Company will develop portfolios from patents whose rights are obtained from third parties. The Company expects to generate revenues and related cash flows from the subsequent sale, licensing and enforcement of those patents. | |
As a development stage enterprise, the Company discloses the retained earnings or deficit accumulated during the development stage and the cumulative statements of operations and cash flows from inception to the current balance sheet date. |
Summary_Of_Significant_Account
Summary Of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2014 | |
Summary Of Significant Accounting Policies | |
Summary of Significant Accounting Policies | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Basis of Accounting | |
The financial statements present the balance sheets, statements of operations, stockholders' equity (deficit) and cash flows of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a December 31 fiscal year end. | |
Use of Estimates and Assumptions | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | |
Cash and Cash Equivalents | |
The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents. | |
Fair Value of Financial Instruments | |
The carrying value of the Company’s financial instruments, consisting of accounts payable and loans from officer approximate their fair value due to the short-term maturity of such instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial statements. | |
Income Taxes | |
A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. | |
When required, the Company records a liability for unrecognized tax positions, defined as the aggregate tax effect of differences between positions taken on tax returns and the benefits recognized in the financial statements. Tax positions are measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. No tax benefits are recognized for positions that do not meet this threshold. The Company has no uncertain tax positions that require the Company to record a liability. The Company’s tax years ended December 31, 2009, 2010, 2011, 2012, 2013, and 2014 remain subject to examination by Federal and state jurisdictions. | |
The Company recognizes penalties and interest associated with tax matters as part of the income tax provision and includes accrued interest and penalties with the related tax liability in the balance sheet. The Company had no accrued penalties and interest as of December 31, 2014 and 2013. | |
Loss per Share | |
The basic loss per share is calculated by dividing our net loss by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing our net income loss 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 as of the first of the year for any potentially dilutive debt or equity. The Company has not issued any potentially dilutive debt or equity securities. | |
Recently Issued Accounting Pronouncements | |
The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
Income_Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2014 | |
Income Taxes | |
Income Taxes | NOTE 3 – INCOME TAXES |
The Company uses the liability method , where deferred tax assets and liabilities are determined based on the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial and income tax reporting purposes. As of December 31, 2014, the Company has incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward as of December 31, 2014, is $ 96,356 and will expire 20 years from the date the loss was incurred. |
Stockholders_Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2014 | |
Stockholders Equity | |
Stockholders' Equity | NOTE 4 – STOCKHOLDERS’ EQUITY |
Authorized | |
The Company is authorized to issue 500,000,000 shares of $ 0.0001 par value common stock and 5,000,000 shares of preferred stock, par value $ 0.0001. All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, elect all of the directors of the Company. | |
Contributed Capital | |
In December 2009 an officer of the Company contributed capital in the amount of $ 789 for incorporation costs. | |
Issued and Outstanding | |
On February 10, 2013, the Company issued 6,500,000 common shares to its Director for cash consideration of $ 0.0001 per share. | |
The Company accepted subscriptions for 3,500,000 shares of common stock from 39 investors pursuant to a series of private placement transactions which closed in May 2013. The private placement shares were priced at $ 0.01 per share, for aggregate gross proceeds of $ 35,000. | |
On December 9, 2013, the Company terminated its initial public offering after the sale of 300,000 shares of common stock at $ 0.10 per share, for aggregate gross proceeds of $ 30,000. |
Conflicts_Of_Interest
Conflicts Of Interest | 12 Months Ended |
Dec. 31, 2014 | |
Conflicts Of Interest | |
Conflicts of Interest | NOTE 5 – CONFLICTS OF INTEREST |
The officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such person may face a conflict in selecting between the Company and his other business interests. The Company has not formulated a policy for the resolution of such conflicts. |
Going_Concern
Going Concern | 12 Months Ended |
Dec. 31, 2014 | |
Going Concern | |
Going Concern | NOTE 6 – GOING CONCERN |
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has not commenced its planned operations and has net losses for the period from inception (December 14, 2009) to December 31, 2014, of $ 96,356. This condition raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent on its ability to meet its obligations, to obtain additional financing as may be required and ultimately to attain profitability. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. | |
Management is planning to raise additional funds through debt or equity offerings. There is no guarantee that the Company will be successful in these efforts. |
Concentration_Of_Credit_Risk
Concentration Of Credit Risk | 12 Months Ended |
Dec. 31, 2014 | |
Concentration Of Credit Risk | |
Concentration of Credit Risk | NOTE 7 – CONCENTRATION OF CREDIT RISK |
The Company’s cash is held in escrow by the Company’s attorney. The cash is available for operations without any restrictions. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2014 | |
Related Party Transactions | |
Related Party Transactions | NOTE 8 – RELATED PARTY TRANSACTIONS |
In December 2009 an officer of the Company contributed capital in the amount of $ 789 for incorporation costs. | |
On February 10, 2013, the Company issued 6,500,000 common shares to its Director for cash consideration of $ 0.0001 per share. |
Loans_Payable_Related_Parties
Loans Payable - Related Parties | 12 Months Ended |
Dec. 31, 2014 | |
Loans Payable - Related Parties | |
Loans Payable - Related Parties | NOTE 9 – LOANS PAYABLE – RELATED PARTIES |
During the year ended December 31, 2014, total advances from a director or the Company was $20,797 (2013: $nil). The amounts are unsecured, non-interest bearing and are due on demand. |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2014 | |
Subsequent Events | |
Subsequent Events | NOTE 10 – SUBSEQUENT EVENTS |
On January, 9, 2015, the Company entered into an agreement whereby a director of the company has advanced the Company $111,928. The amounts are unsecured, non-interest bearing and are due on demand. | |
On January 20, 2015, the Company received a letter from a director forgiving the Company of the $20,797 loan payable. |
Summary_Of_Significant_Account1
Summary Of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Summary Of Significant Accounting Policies Policies | |
Basis of Accounting | Basis of Accounting |
The financial statements present the balance sheets, statements of operations, stockholders' equity (deficit) and cash flows of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a December 31 fiscal year end. | |
Use of Estimates and Assumptions | Use of Estimates and Assumptions |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | |
Cash and Cash Equivalents | Cash and Cash Equivalents |
The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents. | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments |
The carrying value of the Company’s financial instruments, consisting of accounts payable and loans from officer approximate their fair value due to the short-term maturity of such instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial statements. | |
Income Taxes | Income Taxes |
A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. | |
When required, the Company records a liability for unrecognized tax positions, defined as the aggregate tax effect of differences between positions taken on tax returns and the benefits recognized in the financial statements. Tax positions are measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. No tax benefits are recognized for positions that do not meet this threshold. The Company has no uncertain tax positions that require the Company to record a liability. The Company’s tax years ended December 31, 2009, 2010, 2011, 2012, 2013, and 2014 remain subject to examination by Federal and state jurisdictions. | |
The Company recognizes penalties and interest associated with tax matters as part of the income tax provision and includes accrued interest and penalties with the related tax liability in the balance sheet. The Company had no accrued penalties and interest as of December 31, 2014 and 2013. | |
Loss Per Share | Loss per Share |
The basic loss per share is calculated by dividing our net loss by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing our net income loss 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 as of the first of the year for any potentially dilutive debt or equity. The Company has not issued any potentially dilutive debt or equity securities. | |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements |
The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Income Taxes Narrative Details | |
Operating loss carryforwards | $96,356 |
Operating loss carryforward limitations on use | Will expire 20 years from the date the loss was incurred. |
Stockholders_Equity_Narrative_
Stockholders' Equity (Narrative) (Details) (USD $) | 12 Months Ended | 61 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2009 | Dec. 09, 2013 | 31-May-13 | Feb. 10, 2013 | |
Aggregate gross proceeds received | $65,650 | $66,439 | |||||
Officer | |||||||
Contributed capital for incorporation cost | 789 | ||||||
Common Stock | |||||||
Common stock voting rights | All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, elect all of the directors of the Company. | ||||||
Shares issued during the period for cash, shares | 3,500,000 | 300,000 | |||||
Aggregate gross proceeds received | 30,000 | ||||||
Stock issue price, per share | $0.10 | $0.01 | |||||
Common Stock | Private Placement Closed In May 2013 With 39 Investors | |||||||
Shares issued during the period for cash, shares | 3,500,000 | ||||||
Aggregate gross proceeds received | $35,000 | ||||||
Stock issue price, per share | $0.01 | ||||||
Common Stock | Director | |||||||
Shares issued during the period for cash, shares | 6,500,000 | ||||||
Stock issue price, per share | $0.00 |
Loans_Payable_Related_Parties_
Loans Payable - Related Parties (Narrative) (Details) (USD $) | 12 Months Ended | 61 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | |
Short-term Debt [Line Items] | |||
Advances received from director | $20,797 | $20,797 | |
Loans Payable | Director | |||
Short-term Debt [Line Items] | |||
Advances received from director | $20,797 |
Subsequent_Events_Narrative_De
Subsequent Events (Narrative) (Details) (USD $) | 12 Months Ended | 61 Months Ended | 0 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Jan. 09, 2015 | Jan. 20, 2015 | |
Subsequent Event [Line Items] | |||||
Advances received from director | $20,797 | $20,797 | |||
Director | Loans Payable | |||||
Subsequent Event [Line Items] | |||||
Advances received from director | 20,797 | ||||
Subsequent Event | Director | |||||
Subsequent Event [Line Items] | |||||
Advances received from director | 111,928 | ||||
Debt instrument description | The amounts are unsecured, non-interest bearing and are due on demand. | ||||
Subsequent Event | Director | Loans Payable | |||||
Subsequent Event [Line Items] | |||||
Extinguishment of debt amount | $20,797 |