Clone Algo (CATI) 10-Q 9 Jun 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Apr. 30, 2014	Jun. 06, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'TRAVELSAFE, INC.	'
Entity Central Index Key	'0001582589	'
Current Fiscal Year End Date	'--07-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'TRVS	'
Entity Common Stock, Shares Outstanding	'	5,950,000
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Apr-14	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

CONDENSED_BALANCE_SHEETS

CONDENSED BALANCE SHEETS (USD $)	Apr. 30, 2014	Jul. 31, 2013
Current assets	'	'
Cash	$21,311	$86,475
Prepaid expenses	7,892	'
Total assets	29,203	86,475
Current liabilities	'	'
Loan payable from related party	4,333	4,208
Total liabilities	4,333	4,208
Commitments and Contingencies	'	'
Stockholders' equity	'	'
Preferred stock, $0.00001 par value; 10,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.00001 par value; 250,000,000 shares authorized, 5,950,000 and 5,950,000 shares issued and outstanding, respectively	60	60
Additional paid-in capital	107,315	93,815
Deficit accumulated during the development stage	-82,505	-11,608
Total stockholders' equity	24,870	82,267
Total liabilities and stockholders' equity	$29,203	$86,475

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS [Parenthetical] (USD $)	Apr. 30, 2014	Jul. 31, 2013
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, authorized	250,000,000	250,000,000
Common stock, issued	5,950,000	5,950,000
Common stock, outstanding	5,950,000	5,950,000

CONDENSED_STATEMENTS_OF_OPERAT

CONDENSED STATEMENTS OF OPERATIONS (USD $)	2 Months Ended	3 Months Ended	9 Months Ended	14 Months Ended
	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2014	Apr. 30, 2014
Operating expenses	'	'	'	'
Professional fees	$3,789	$13,568	$56,152	$59,941
Compensation	3,000	4,500	13,500	21,000
General and administrative	319	281	1,245	1,564
Total operating expenses	7,108	18,349	70,897	82,505
LOSS FROM OPERATIONS BEFORE INCOME TAXES	-7,108	-18,349	-70,897	-82,505
Provision for Income Taxes	0	0	0	0
NET LOSS	($7,108)	($18,349)	($70,897)	($82,505)
Net Loss Per Share - Basic and Diluted (in dollars per share)	$0	$0	($0.01)	'
Weighted average number of shares outstanding during the period - Basic and Diluted (in shares)	5,000,000	5,950,000	5,950,000	'

CONDENSED_STATEMENTS_OF_CHANGE

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit during Development Stage [Member]
Balance at Mar. 06, 2013	$0	$0	$0	$0	$0
Balance (in shares) at Mar. 06, 2013	'	0	0	'	'
Founder common stock issued for cash ($.00001/share)	50	0	50	0	0
Founder common stock issued for cash ($.00001/share) (in shares)	'	0	5,000,000	'	'
Common stock issued for cash ($.10/share), net of fees of $8,675	86,325	0	10	86,315	0
Common stock issued for cash ($.10/share), net of fees of $8,675 (in shares)	'	0	950,000	'	'
In kind contribution of services	7,500	0	0	7,500	0
Net loss	-11,608	0	0	0	-11,608
Balance at Jul. 31, 2013	82,267	0	60	93,815	-11,608
Balance (in shares) at Jul. 31, 2013	'	0	5,950,000	'	'
In kind contribution of services	13,500	0	0	13,500	0
Net loss	-70,897	0	0	0	-70,897
Balance at Apr. 30, 2014	$24,870	$0	$60	$107,315	($82,505)
Balance (in shares) at Apr. 30, 2014	'	0	5,950,000	'	'

CONDENSED_STATEMENTS_OF_CHANGE1

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Parenthetical] (USD $)	5 Months Ended
	Jul. 31, 2013
Stock issued to founders value per share	$0.00
Development stage entities, Equity issuance, Per share amount	$0.10
Stock issuance fee (in dollars)	$8,675

CONDENSED_STATEMENT_OF_CASH_FL

CONDENSED STATEMENT OF CASH FLOWS (USD $)	2 Months Ended	5 Months Ended	9 Months Ended	14 Months Ended
	Apr. 30, 2013	Jul. 31, 2013	Apr. 30, 2014	Apr. 30, 2014
Cash Flows From Operating Activities:	'	'	'	'
Net loss	($7,108)	($11,608)	($70,897)	($82,505)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'	'
In kind contribution of services	3,000	'	13,500	21,000
Amortization expense	0	'	4,608	4,608
Changes in operating assets and liabilities:	'	'	'	'
Increase in prepaid expenses	0	'	-12,500	-12,500
Net Cash Used In Operating Activities	-4,108	'	-65,289	-69,397
Cash Flows Used in Investing Activities:	0	'	0	0
Cash Flows From Financing Activities:	'	'	'	'
Loans from related party	4,208	'	125	4,333
Proceeds from sale of common stock, net	0	'	0	86,375
Net Cash Provided by Financing Activities	4,208	'	125	90,708
Net Increases / (Decrease) in Cash	100	'	-65,164	21,311
Cash at Beginning of Period	0	0	86,475	0
Cash at End of Period	100	86,475	21,311	21,311
Supplemental disclosure of cash flow information:	'	'	'	'
Cash paid for interest	0	'	0	0
Cash paid for taxes	$0	'	$0	$0

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION	9 Months Ended
	Apr. 30, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION
	(A) Organization
	The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in The United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all of the information necessary for a comprehensive presentation of financial position and results of operations. The interim results for the period ended April 30, 2014 are not necessarily indicative of results for the full fiscal year. It is management’s opinion, however that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statements presentation.
	TravelSafe, Inc. (a development stage company) (the "Company") was incorporated under the laws of the State of Nevada on March 7, 2013. The Company plans to arrange medical, mobility, companion and associated travel services for senior citizens with medical and/or physical conditions that require or may require specialized accommodations. The Company’s fiscal year end is July 31.
	The activities during the development stage include developing the business plan and raising capital.
	(B) Use of Estimates
	In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates. The most significant estimates include the valuation of deferred tax valuation allowance and valuation of contributed services.
	(C) Cash and Cash Equivalents
	The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At April 30, 2014 and July 31, 2013, the Company has no cash equivalents.
	(D) Loss Per Share
	Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 260, “ Earnings Per Share. ” As of April 30, 2014 and July 31, 2013 there were no common share equivalents outstanding.
	(E) Income Taxes
	The Company accounts for income taxes under FASB ASC Topic 740, income taxes (“ASC Topic 740”). Under ASC Topic 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement 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 ASC Topic 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	(F) Business Segments
	The Company operates in one segment and therefore segment information is not presented.
	(G) Revenue Recognition
	The Company will recognize revenue on arrangements in accordance with FASB ASC Topic 605, “Revenue Recognition ”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed, and collectability of the resulting receivable is reasonably assured.
	(H) Fair Value of Financial Instruments and Fair Value Measurements
	The carrying amounts reported in the Company’s financial instruments for the Loans payable - related party are the approximate fair value based on the short-term maturity for these instruments.
	The Company measures its financial and non-financial assets and liabilities, as well as makes related disclosers in accordance with ASC Topic 820,   Fair Value Measurements and Disclosures   (“ASC Topic 820”). For certain of our financial instruments, including cash and accounts payable, the carrying amounts approximate fair value due to their short maturities.
	ASC Topic 820 provides guidance with respect to valuation techniques to be utilized in the determination of fair value of assets and liabilities. Approaches include, (i) the market approach (comparable market prices), (ii) the income approach (present value of future income or cash flow), and (iii) the cost approach (cost to replace the service capacity of an asset or replacement cost). ASC Topic 820 utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:
	Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
	Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.
	Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.
	(I) Recent Accounting Pronouncements
	There are no recent accounting pronouncements that are expected to have a material effect on the Company’s financial statements.

PREPAID_EXPENSES

PREPAID EXPENSES	9 Months Ended
	Apr. 30, 2014
Prepaid Expense and Other Assets, Current [Abstract]	'
Prepaid Expenses [Text Block]	'
	NOTE 2 – PREPAID EXPENSES
	On December 17, 2013 the Company entered into a 1 year agreement with its transfer agent for services of $12,500. The Company is amortizing the cost of the services over the duration of the contract. As of April 30, 2014, the unamortized balance is $7,892.

LOAN_PAYABLE_RELATED_PARTY

LOAN PAYABLE - RELATED PARTY	9 Months Ended
	Apr. 30, 2014
Loans Payable Related Parties Disclosure [Abstract]	'
Loans Payable Related Parties Disclosure [Text Block]	'
	NOTE 3 LOAN PAYABLE - RELATED PARTY
	At April 30, 2014 and July 31, 2013, the Company’s president has paid a total of $4,332 and $4,208, respectively on behalf of the Company for expenses. The amount is payable upon demand, non-interest bearing and unsecured.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Apr. 30, 2014
Equity [Abstract]	'
Stockholders Equity Note Disclosure [Text Block]	'
	NOTE 4 STOCKHOLDERS’ EQUITY
	(A) Preferred Stock
	The Company authorized 10,000,000 shares of blank check preferred stock with a par value of $.00001 per share with rights and preferences to be determined by the board of directors.
	(B) Common Stock Issued for Cash
	On March 7, 2013, the Company sold 5,000,000 shares of founder stock ($0.00001/share) for cash of $50.
	Between May 16, 2013 and July 31, 2013 the Company sold 950,000 shares of common stock to 30 investors ($0.10/share) for cash of $95,000 less expenses of $8,675.
	(C) In-Kind Contribution of Services
	During the period ended July 31, 2013, the Officer of the Company contributed services having a fair value of $7,500.
	During the three and nine months ended April 30, 2014, the Officer of the Company contributed services having a fair value of $4,500 and $13,500 respectively. For the period March 7, 2013 (Inception) to April 30, 2013 the Officer of the Company contributed services having a fair value of $3,000.

GOING_CONCERN

GOING CONCERN	9 Months Ended
	Apr. 30, 2014
Going Concern [Abstract]	'
Going Concern [Text Block]	'
	NOTE 5 GOING CONCERN
	As reflected in the accompanying unaudited condensed financial statements, the Company is in the development stage with limited operations. The Company has used cash in operations of $69,397 from inception and has a net loss since inception $82,505. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
	Management believes that actions presently being taken to implement its strategic plans provide the opportunity for the Company to continue as a going concern.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION (Policies)	9 Months Ended
	Apr. 30, 2014
Accounting Policies [Abstract]	'
Organization Policy [Policy Text Block]	'
	(A) Organization
	The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in The United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all of the information necessary for a comprehensive presentation of financial position and results of operations. The interim results for the period ended April 30, 2014 are not necessarily indicative of results for the full fiscal year. It is management’s opinion, however that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statements presentation.
	TravelSafe, Inc. (a development stage company) (the "Company") was incorporated under the laws of the State of Nevada on March 7, 2013. The Company plans to arrange medical, mobility, companion and associated travel services for senior citizens with medical and/or physical conditions that require or may require specialized accommodations. The Company’s fiscal year end is July 31.
	The activities during the development stage include developing the business plan and raising capital.
Use of Estimates, Policy [Policy Text Block]	'
	(B) Use of Estimates
	In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates. The most significant estimates include the valuation of deferred tax valuation allowance and valuation of contributed services.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	(C) Cash and Cash Equivalents
	The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At April 30, 2014 and July 31, 2013, the Company has no cash equivalents.
Earnings Per Share, Policy [Policy Text Block]	'
	(D) Loss Per Share
	Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 260, “ Earnings Per Share. ” As of April 30, 2014 and July 31, 2013 there were no common share equivalents outstanding.
Income Tax, Policy [Policy Text Block]	'
	(E) Income Taxes
	The Company accounts for income taxes under FASB ASC Topic 740, income taxes (“ASC Topic 740”). Under ASC Topic 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement 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 ASC Topic 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
Segment Reporting, Policy [Policy Text Block]	'
	(F) Business Segments
	The Company operates in one segment and therefore segment information is not presented.
Revenue Recognition, Policy [Policy Text Block]	'
	(G) Revenue Recognition
	The Company will recognize revenue on arrangements in accordance with FASB ASC Topic 605, “Revenue Recognition ”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed, and collectability of the resulting receivable is reasonably assured.
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	(H) Fair Value of Financial Instruments and Fair Value Measurements
	The carrying amounts reported in the Company’s financial instruments for the Loans payable - related party are the approximate fair value based on the short-term maturity for these instruments.
	The Company measures its financial and non-financial assets and liabilities, as well as makes related disclosers in accordance with ASC Topic 820,   Fair Value Measurements and Disclosures   (“ASC Topic 820”). For certain of our financial instruments, including cash and accounts payable, the carrying amounts approximate fair value due to their short maturities.
	ASC Topic 820 provides guidance with respect to valuation techniques to be utilized in the determination of fair value of assets and liabilities. Approaches include, (i) the market approach (comparable market prices), (ii) the income approach (present value of future income or cash flow), and (iii) the cost approach (cost to replace the service capacity of an asset or replacement cost). ASC Topic 820 utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:
	Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
	Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.
	Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	(I) Recent Accounting Pronouncements
	There are no recent accounting pronouncements that are expected to have a material effect on the Company’s financial statements.

PREPAID_EXPENSES_Details_Textu

PREPAID EXPENSES (Details Textual) (USD $)	1 Months Ended
	Dec. 17, 2013	Apr. 30, 2014
Prepaid Expenses [Line Items]	'	'
Agreement Period	'1 year	'
Fees and Commissions, Transfer Agent	$12,500	'
Prepaid Expense, Current, Total	'	$7,892

LOAN_PAYABLE_RELATED_PARTY_Det

LOAN PAYABLE - RELATED PARTY (Details Textual) (USD $)	Apr. 30, 2014	Jul. 31, 2013
Related Party Transaction [Line Items]	'	'
Due to Related Parties, Current	$4,333	$4,208

STOCKHOLDERS_EQUITY_Details_Te

STOCKHOLDERS' EQUITY (Details Textual) (USD $)	1 Months Ended	2 Months Ended	3 Months Ended		5 Months Ended	9 Months Ended	12 Months Ended	14 Months Ended
	Mar. 31, 2013	Apr. 30, 2013	Apr. 30, 2014	Jul. 31, 2013	Jul. 31, 2013	Apr. 30, 2014	Jul. 31, 2013	Apr. 30, 2014
Class of Stock [Line Items]	'	'	'	'	'	'	'	'
Preferred Stock, Shares Authorized	'	'	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000
Preferred Stock, Par or Stated Value Per Share	'	'	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Common Stock, Shares Authorized	5,000,000	'	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000
Common Stock, Par or Stated Value Per Share	$0.00	'	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Development Stage Entities, Stock Issued, Shares, Issued for Cash	'	'	'	950,000	'	'	'	'
Share Price	'	'	'	$0.10	$0.10	'	$0.10	'
Stock Issuance Fee	'	'	'	$8,675	$8,675	'	'	'
Contribution For Services	'	'	'	'	'	'	7,500	'
Development Stage Entities, Stock Issued, Value, Issued for Cash	50	'	'	95,000	86,325	'	'	'
Other Labor-related Expenses	'	$3,000	$4,500	'	'	$13,500	'	$21,000

GOING_CONCERN_Details_Textual

GOING CONCERN (Details Textual) (USD $)	2 Months Ended	3 Months Ended	5 Months Ended	9 Months Ended	14 Months Ended
	Apr. 30, 2013	Apr. 30, 2014	Jul. 31, 2013	Apr. 30, 2014	Apr. 30, 2014
Schedule Of Liquidity Disclosure [Line Items]	'	'	'	'	'
Net Cash Provided by (Used in) Operating Activities, Continuing Operations, Total	($4,108)	'	'	($65,289)	($69,397)
Net Income (Loss) Attributable to Parent, Total	($7,108)	($18,349)	($11,608)	($70,897)	($82,505)