Changing (CHGT) 10-Q 29 Jan 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 31, 2013
Document And Entity Information [Abstract]	'
Document Type	'10-Q
Amendment Flag	'false
Document Period End Date	31-Dec-13
Entity Registrant Name	'CHANGING TECHNOLOGIES, INC.
Entity Central Index Key	'0001581378
Current Fiscal Year End Date	'--06-30
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q2
Entity Filer Category	'Smaller Reporting Company
Entity Common Stock, Shares Outstanding	9,000,000

Balance_Sheets

Balance Sheets (USD $)	Dec. 31, 2013	Jun. 30, 2013
Current Assets	'	'
Cash and cash equivalents	$25,015	$8,900
Total Current Assets	25,015	8,900
TOTAL ASSETS	25,015	8,900
Current Liabilities	'	'
Accounts payable	600	2,000
Total Current Liabilities	600	2,000
Total Liabilities	600	2,000
Stockholders' Equity	'	'
Common stock: 250,000,000 authorized; $0.0001 par value; 12,000,000 and 9,000,000 shares issued and outstanding at December 31, 2013 and June 30, 2013, respectively	1,200	900
Additional paid in capital	37,800	8,100
Deficit accumulated during the development stage	-14,585	-2,100
Total Stockholders' Equity	24,415	6,900
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$25,015	$8,900

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Balance Sheets [Abstract]	'	'
Common shares, par value per share	$0.00	$0.00
Common shares, shares authorized	250,000,000	250,000,000
Common shares, shares issued	12,000,000	9,000,000
Common shares, shares outstanding	12,000,000	9,000,000

Statements_of_Operations

Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Statements of Operations [Abstract]	'	'	'	'	'
Revenues	'	'	'	'	'
Operating Expenses	'	'	'	'	'
General and administrative	10,623	'	10,785	10,885	'
Professional	600	'	1,700	3,700	'
Total operating expenses	11,223	'	12,485	14,585	'
Net loss	($11,223)	'	($12,485)	($14,585)	'
Basic and dilutive loss per share	$0	'	$0	'	'
Weighted average number of shares outstanding	10,994,565	'	9,991,892	'	'

Statement_of_Stockholders_Equi

Statement of Stockholder's Equity (USD $)	Total	Common Stock [Member]	Additional Paid in Capital [Member]	Deficit Accumulated During Development Stage [Member]
Balance at Jun. 30, 2012	'	'	'	'
Balance, shares at Jun. 30, 2012	'	'	'	'
Stock issued for cash	9,000	900	8,100	'
Stock issued for cash, shares	'	9,000,000	'	'
Net loss (unaudited)	-2,100	'	'	-2,100
Balance at Jun. 30, 2013	6,900	900	8,100	-2,100
Balance, shares at Jun. 30, 2013	9,000,000	9,000,000	'	'
Stock issued for cash	30,000	300	29,700	'
Stock issued for cash, shares	'	3,000,000	'	'
Net loss (unaudited)	-12,485	'	'	-12,485
Balance at Dec. 31, 2013	$24,415	$1,200	$37,800	($14,585)
Balance, shares at Dec. 31, 2013	12,000,000	12,000,000	'	'

Statement_of_Stockholders_Equi1

Statement of Stockholder's Equity (Parenthetical) (USD $)	1 Months Ended
	Nov. 30, 2013	Jan. 31, 2013
Statement of Stockholder's Equity [Abstract]	'	'
Common stock issued for cash, price per share	$0.01	$0.01

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net loss	($12,485)	($14,585)	'
Changes in operating assets and liabilities:	'	'	'
Accounts payable	-1,400	600	'
Total adjustments	-1,400	600	'
Net Cash (Used in) Provided By Operating Activities	-13,885	-13,985	'
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Proceeds from issuance of stock	30,000	39,000	'
Net Cash (Used in) Provided by Financing Activities	30,000	39,000	'
Net increase (decrease) in cash and cash equivalents	16,115	25,015	'
Cash and cash equivalents, beginning of period	8,900	'	0
Cash and cash equivalents, end of period	25,015	25,015	0
Supplemental cash flow information	'	'	'
Cash paid for interest	'	'	'
Cash paid for taxes	'	'	'

BACKGROUND_INFORMATION

BACKGROUND INFORMATION	6 Months Ended
	Dec. 31, 2013
BACKGROUND INFORMATION [Abstract]	'
BACKGROUND INFORMATION	'
	NOTE 1. BACKGROUND INFORMATION
	Changing Technologies, Inc. (the "Company"), a Florida corporation, was formed to develop Apps primarily focused on improving personal and business productivity and health and fitness monitoring.  To date, our only business activity has been the formation of our corporate entity, initiating the designing of our logo, and developing our business plan.. The Company was incorporated on June 18, 2013 (Date of Inception) with its corporate headquarters located in Estero, Florida and its year-end is June 30.

GOING_CONCERN

GOING CONCERN	6 Months Ended
	Dec. 31, 2013
GOING CONCERN [Abstract]	'
GOING CONCERN	'
	NOTE 2. GOING CONCERN
	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the period ended December 31, 2013, the Company had no operations. As of December 31, 2013, the Company has not emerged from the development stage. In view of these matters, the Company's ability to continue as a going concern is dependent upon the Company's ability to begin operations and to achieve a level of profitability. The Company intends on financing its future development activities and its working capital needs largely from the sale of public equity securities with some additional funding from other traditional financing sources, including term notes until such time that funds provided by operations are sufficient to fund working capital requirements. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

SIGNIFICANT_ACCOUNTING_POLICIE

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2013
SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 3. SIGNIFICANT ACCOUNTING POLICIES
	The significant accounting policies followed are:
	UNAUDITED INTERIM FINANCIAL STATEMENTS - The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
	In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year.
	USE OF ESTIMATES - 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 revenues and expenses during the reporting period. Actual results could differ from those estimates.
	DEVELOPMENT STAGE COMPANY - The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from.
	FINANCIAL INSTRUMENTS - The Company's balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.
	CASH AND CASH EQUIVALENTS - All cash, other than held in escrow, is maintained with a major financial institution in the United States. Deposits with this bank may exceed the amount of insurance provided on such deposits. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents.
	DEFERRED INCOME TAXES AND VALUATION ALLOWANCE - The Company accounts for income taxes under FASB ASC 740 "Income Taxes."  Under the asset and liability method of FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.
	COMMON STOCK - The Company records common stock issuances when all of the legal requirements for the issuance of such common stock have been satisfied.
	NET INCOME (LOSS) PER COMMON SHARE - Net income (loss) per share is calculated in accordance with FASB ASC 260, "Earnings Per Share."  The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share.  Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding.  Dilutive potential common shares are additional common shares assumed to be exercised.
	Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at December 31, 2013. As of December 31, 2013, the Company had no dilutive potential common shares.
	REVENUE AND COST RECOGNITION - The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost.
	ADVERTISING COSTS - The Company's policy regarding advertising is to expense advertising when incurred. There has been no advertising cost incurred for the three months ended December 31, 2013 or for the period June 18, 2013 (date of inception) through December 31, 2013.
	RECENT ACCOUNTING PRONOUNCEMENTS - Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ ("ASC") is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.  Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements.

INCOME_TAXES

INCOME TAXES	6 Months Ended
	Dec. 31, 2013
INCOME TAXES [Abstract]	'
INCOME TAXES	'
	NOTE 4. INCOME TAXES - Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes resulting from temporary differences. Such temporary differences result from differences in the carrying value of assets and liabilities for tax and financial reporting purposes. The deferred tax assets and liabilities represent the future tax consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.
		18-Jun-13
		(Date of Inception)
		through
		31-Dec-13
	Tax benefit at U.S. statutory rate	$	-
	State income tax benefit, net of federal benefit.		-
		$	-
	The Company did not have any temporary differences for the period from June 18, 2013 (Date of Inception) through December 31, 2013.
	The Company adopted the provisions of FASB ASC 740-10 "Uncertainty in Income Taxes" (ASC 740-10), on June 18, 2013. The Company has not recognized a liability as a result of the implementation of ASC 740-10. A reconciliation of the beginning and ending amount of unrecognized tax benefits has not been provided since there is no unrecognized benefit since the date of adoption. The Company has not recognized interest expense or penalties as a result of the implementation of ASC 740-10. If there were an unrecognized tax benefit, the Company would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.

SHAREHOLDERS_EQUITY

SHAREHOLDER'S EQUITY	6 Months Ended
	Dec. 31, 2013
SHAREHOLDER'S EQUITY [Abstract]	'
SHAREHOLDER'S EQUITY	'
	NOTE 5. SHAREHOLDER'S EQUITY
	COMMON STOCK
	The authorized common stock of the Company consists of 250,000,000 shares with a par value of $0.0001.  The Company issued 9,000,000 shares of our $.0001 par value common stock to Matt Egna, our CEO and sole Director, on June 18, 2013 for cash in the amount of $9,000 (per share price of $.001).
	In January 2013 the company sold 3.000.000 shares of common stock to a group of investor at $0.01 per share, for total proceeds of $30,000.
	There are no warrants or options outstanding to acquire any additional shares of common stock of the Company.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2013
RELATED PARTY TRANSACTIONS [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	NOTE 6. RELATED PARTY TRANSACTIONS
	On June 18, 2013, the Company sold 9,000,000 shares of common stock to its founder for $0.001 per share.
	The officer and director of the Company is or may be involved in other business activities and may, in the future, become involved in other business opportunities that become available. He may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.
	The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder of the Company to use at a minimum charge.
	The above is not necessarily indicative of the amounts that would have been incurred had a comparable transaction been entered into with independent parties.

COMMITMENTS_AND_CONTINGENCY

COMMITMENTS AND CONTINGENCY	6 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCY [Abstract]	'
COMMITMENTS AND CONTINGENCY	'
	NOTE 7. COMMITMENTS AND CONTINGENCY
	From time to time the Company may be a party to litigation matters involving claims against the Company.  Management believes that there are no current matters that would have a material effect on the Company's financial position or results of operations.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2013
SUBSEQUENT EVENTS [Abstract]	'
SUBSEQUENT EVENTS	'
	NOTE 8. SUBSEQUENT EVENTS
	Management has evaluated subsequent events and is not aware of any significant events that occurred subsequent to the balance sheet date but prior to the filing of this report, which would have a material effect upon the Company.

SIGNIFICANT_ACCOUNTING_POLICIE1

SIGNIFICANT ACCOUNTING POLICIES (Policy)	6 Months Ended
	Dec. 31, 2013
SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
UNAUDITED INTERIM FINANCIAL STATEMENTS	'
	UNAUDITED INTERIM FINANCIAL STATEMENTS - The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
	In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year.
USE OF ESTIMATES	'
	USE OF ESTIMATES - 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 revenues and expenses during the reporting period. Actual results could differ from those estimates.
DEVELOPMENT STAGE COMPANY	'
	DEVELOPMENT STAGE COMPANY - The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from.
FINANCIAL INSTRUMENTS	'
	FINANCIAL INSTRUMENTS - The Company's balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.
CASH AND CASH EQUIVALENTS	'
	CASH AND CASH EQUIVALENTS - All cash, other than held in escrow, is maintained with a major financial institution in the United States. Deposits with this bank may exceed the amount of insurance provided on such deposits. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents.
DEFERRED INCOME TAXES AND VALUATION ALLOWANCE	'
	DEFERRED INCOME TAXES AND VALUATION ALLOWANCE - The Company accounts for income taxes under FASB ASC 740 "Income Taxes."  Under the asset and liability method of FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.
COMMON STOCK	'
	COMMON STOCK - The Company records common stock issuances when all of the legal requirements for the issuance of such common stock have been satisfied.
NET INCOME (LOSS) PER COMMON SHARE	'
	NET INCOME (LOSS) PER COMMON SHARE - Net income (loss) per share is calculated in accordance with FASB ASC 260, "Earnings Per Share."  The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share.  Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding.  Dilutive potential common shares are additional common shares assumed to be exercised.
	Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at December 31, 2013. As of December 31, 2013, the Company had no dilutive potential common shares.
REVENUE AND COST RECOGNITION	'
	REVENUE AND COST RECOGNITION - The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost.
ADVERTISING COSTS	'
	ADVERTISING COSTS - The Company's policy regarding advertising is to expense advertising when incurred. There has been no advertising cost incurred for the three months ended December 31, 2013 or for the period June 18, 2013 (date of inception) through December 31, 2013.
RECENT ACCOUNTING PRONOUNCEMENTS	'
	RECENT ACCOUNTING PRONOUNCEMENTS - Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ ("ASC") is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.  Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	6 Months Ended
	Dec. 31, 2013
INCOME TAXES [Abstract]	'
Schedule of Income Tax Rate Reconciliation	'
		18-Jun-13
		(Date of Inception)
		through
		31-Dec-13
	Tax benefit at U.S. statutory rate	$	-
	State income tax benefit, net of federal benefit.		-
		$	-

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	6 Months Ended
	Dec. 31, 2013
INCOME TAXES [Abstract]	'
Tax benefit at U.S. statutory rate	'
State income tax benefit, net of federal benefit.	'
Total	'

SHAREHOLDERS_EQUITYDetails

SHAREHOLDER'S EQUITY(Details) (USD $)	1 Months Ended		6 Months Ended	12 Months Ended	0 Months Ended
	Nov. 30, 2013	Jan. 31, 2013	Dec. 31, 2013	Jun. 30, 2013	Jun. 30, 2013
					Chief Executive Officer [Member]
Class of Stock [Line Items]	'	'	'	'	'
Common shares, shares authorized	'	'	250,000,000	250,000,000	'
Common shares, par value per share	'	'	$0.00	$0.00	'
Common stock issued for cash, shares	'	3,000,000	'	'	9,000,000
Common stock issued for cash	'	$30,000	$30,000	$9,000	$9,000
Common stock issued for cash, price per share	$0.01	$0.01	'	'	$0.00

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	1 Months Ended		0 Months Ended
	Nov. 30, 2013	Jan. 31, 2013	Jun. 30, 2013
			Chief Executive Officer [Member]
Related Party Transaction [Line Items]	'	'	'
Common stock issued for cash, shares	'	3,000,000	9,000,000
Common stock issued for cash, price per share	$0.01	$0.01	$0.00