Clone Algo (CATI) 10-K 17 Sep 14 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Jul. 31, 2014	Sep. 17, 2014	Jan. 31, 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-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Jul-14	'	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2014	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Public Float	'	'	$28,500

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Jul. 31, 2014	Jul. 31, 2013
Current assets	'	'
Cash	$16,224	$86,475
Prepaid expenses	4,768	0
Total assets	20,992	86,475
Current liabilities	'	'
Accounts payable	450	0
Loan payable from related party	4,346	4,208
Total liabilities	4,796	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	111,815	93,815
Accumulated deficit	-95,679	-11,608
Total stockholders' equity	16,196	82,267
Total liabilities and stockholders' equity	$20,992	$86,475

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS [Parenthetical] (USD $)	Jul. 31, 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

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	5 Months Ended	12 Months Ended
	Jul. 31, 2013	Jul. 31, 2014
Operating expenses	'	'
Professional fees	$3,789	$64,712
Compensation	7,500	18,000
General and administrative	319	1,359
Total operating expenses	11,608	84,071
LOSS FROM OPERATIONS BEFORE INCOME TAXES	-11,608	-84,071
Provision for Income Taxes	0	0
NET LOSS	($11,608)	($84,071)
Net Loss Per Share - Basic and Diluted (in dollars per share)	$0	($0.01)
Weighted average number of shares outstanding during the period - Basic and Diluted (in shares)	5,306,233	5,950,000

STATEMENTS_OF_CHANGES_IN_STOCK

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	18,000	0	0	18,000	0
Net Loss	-84,071	0	0	0	-84,071
Balance at Jul. 31, 2014	$16,196	$0	$60	$111,815	($95,679)
Balance (in shares) at Jul. 31, 2014	'	0	5,950,000	'	'

STATEMENTS_OF_CHANGES_IN_STOCK1

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

STATEMENT_OF_CASH_FLOWS

STATEMENT OF CASH FLOWS (USD $)	5 Months Ended	12 Months Ended
	Jul. 31, 2013	Jul. 31, 2014
Cash Flows From Operating Activities:	'	'
Net Loss	($11,608)	($84,071)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
In kind contribution of services	7,500	18,000
Amortization expense	0	7,732
Changes in operating assets and liabilities:	'	'
Increase in accounts payable	0	450
Increase in prepaid expenses	0	-12,500
Net Cash Used In Operating Activities	-4,108	-70,389
Cash Flows Used in Investing Activities:	0	0
Cash Flows From Financing Activities:	'	'
Loans from related party	4,208	138
Proceeds from sale of common stock, net	86,375	0
Net Cash Provided by Financing Activities	90,583	138
Net Increases / (Decrease) in Cash	86,475	-70,251
Cash at Beginning of Period	0	86,475
Cash at End of Period	86,475	16,224
Supplemental disclosure of cash flow information:	'	'
Cash paid for interest	0	0
Cash paid for taxes	$0	$0

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION	12 Months Ended
	Jul. 31, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION
	(A) Organization
	TravelSafe, Inc. (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.
	(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 July 31, 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 July 31, 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 (ASC 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.
	As of July 31, 2014, the Company has a net operating loss carryforward of approximately $70,179 available to offset future taxable income through 2034. The increase in the valuation allowance at July 31, 2014 was $66,071 to $70,179.
		July 31, 2014
	Expected income tax recovery (expense) at the statutory rate of 34%	$	-32,330
	Tax effect of expenses that are not deductible for income tax purposes (net of other amounts deductible for tax purposes)		6,922
	Change in valuation allowance		25,408
	Provision for income taxes	$	-
	The components of deferred income taxes are as follows:
		July 31, 2014
	Deferred income tax asset:
	Net operating loss carryforwards	$	-26,987
	Valuation allowance		26,987
	Deferred income taxes	$	-
	The Company’s Federal Income Tax Returns for the year ended July 31, 2014 remain subject to examination by the Internal Revenue Service through 2019.
	( 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
	In June 2014, the FASB issued ASU 2014-10, "Development Stage Entities". The amendments in this update remove the definition of a development stage entity from the Master Glossary of the ASC thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments in this update are applied retrospectively. The Company elected early adoption of ASU 2014-10. The adoption of ASU 2014-10 removed the development stage entity financial reporting requirements from the Company.
	There are no recent accounting pronouncements that are expected to have a material effect on the Company’s financial statements.

LOAN_PAYABLE_RELATED_PARTY

LOAN PAYABLE - RELATED PARTY	12 Months Ended
	Jul. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 2 LOAN PAYABLE - RELATED PARTY
	As of July 31, 2014 and July 31, 2013, the Company’s president has paid a total of $4,346 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	12 Months Ended
	Jul. 31, 2014
Equity [Abstract]	'
Stockholders Equity Note Disclosure [Text Block]	'
	NOTE 3 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 for cash of $50.
	Between May 16, 2013 and July 31, 2013 the Company sold 950,000 shares of common stock to 30 investors for cash of $95,000 less expenses of $8,675.
	(C) In-Kind Contribution of Services
	During the year ended July 31, 2013, the Officer of the Company contributed services having a fair value of $7,500.
	During the year ended July 31, 2014, the Officer of the Company contributed services having a fair value of $18,000. For the period March 7, 2013 (Inception) to July 31, 2014 the Officer of the Company contributed services having a fair value of $25,500.

GOING_CONCERN

GOING CONCERN	12 Months Ended
	Jul. 31, 2014
Going Concern [Abstract]	'
Going Concern [Text Block]	'
	NOTE 4 GOING CONCERN
	As reflected in the accompanying audited financial statements, the Company has used cash in operations of $70,389 and has a net loss of $84,071 for the year ended July 31, 2014. 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)	12 Months Ended
	Jul. 31, 2014
Accounting Policies [Abstract]	'
Organization Policy [Policy Text Block]	'
	(A) Organization
	TravelSafe, Inc. (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.
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 July 31, 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 July 31, 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 (ASC 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.
	As of July 31, 2014, the Company has a net operating loss carryforward of approximately $70,179 available to offset future taxable income through 2034. The increase in the valuation allowance at July 31, 2014 was $66,071 to $70,179.
		July 31, 2014
	Expected income tax recovery (expense) at the statutory rate of 34%	$	-32,330
	Tax effect of expenses that are not deductible for income tax purposes (net of other amounts deductible for tax purposes)		6,922
	Change in valuation allowance		25,408
	Provision for income taxes	$	-
	The components of deferred income taxes are as follows:
		July 31, 2014
	Deferred income tax asset:
	Net operating loss carryforwards	$	-26,987
	Valuation allowance		26,987
	Deferred income taxes	$	-
	The Company’s Federal Income Tax Returns for the year ended July 31, 2014 remain subject to examination by the Internal Revenue Service through 2019.
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
	In June 2014, the FASB issued ASU 2014-10, "Development Stage Entities". The amendments in this update remove the definition of a development stage entity from the Master Glossary of the ASC thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments in this update are applied retrospectively. The Company elected early adoption of ASU 2014-10. The adoption of ASU 2014-10 removed the development stage entity financial reporting requirements from the Company.
	There are no recent accounting pronouncements that are expected to have a material effect on the Company’s financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION (Tables)	12 Months Ended
	Jul. 31, 2014
Accounting Policies [Abstract]	'
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
		July 31, 2014
	Expected income tax recovery (expense) at the statutory rate of 34%	$	-32,330
	Tax effect of expenses that are not deductible for income tax purposes (net of other amounts deductible for tax purposes)		6,922
	Change in valuation allowance		25,408
	Provision for income taxes	$	-
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	'
	The components of deferred income taxes are as follows:
		July 31, 2014
	Deferred income tax asset:
	Net operating loss carryforwards	$	-26,987
	Valuation allowance		26,987
	Deferred income taxes	$	-

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION (Details) (USD $)	5 Months Ended	12 Months Ended
	Jul. 31, 2013	Jul. 31, 2014
Accounting Policies [Line Items]	'	'
Expected income tax recovery (expense) at the statutory rate of 34%	'	($32,330)
Tax effect of expenses that are not deductible for income tax purposes (net of other amounts deductible for tax purposes)	'	6,922
Change in valuation allowance	'	25,408
Provision for Income Taxes	$0	$0

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION (Details 1) (USD $)	Jul. 31, 2014
Deferred income tax asset:	'
Net operating loss carryforwards	($26,987)
Valuation allowance	26,987
Deferred income taxes	$0

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION (Details Textual) (USD $)	Jul. 31, 2014	Jul. 31, 2013
Accounting Policies [Line Items]	'	'
Operating Loss Carryforwards	$70,179	$66,071

LOAN_PAYABLE_RELATED_PARTY_Det

LOAN PAYABLE - RELATED PARTY (Details Textual) (USD $)	Jul. 31, 2014	Jul. 31, 2013
Related Party Transaction [Line Items]	'	'
Due to Related Parties, Current	$4,346	$4,208

STOCKHOLDERS_EQUITY_Details_Te

STOCKHOLDERS' EQUITY (Details Textual) (USD $)	5 Months Ended	12 Months Ended		17 Months Ended
	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014
Class of Stock [Line Items]	'	'	'	'
Preferred Stock, Shares Authorized	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
Stock Issuance Fee	$8,675	'	'	'
Development Stage Entities, Stock Issued, Value, Issued for Cash	86,325	'	'	'
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition, Total	7,500	18,000	7,500	25,500
Stock Issued During Period, Value, New Issues	50	'	'	'
Investor [Member]	'	'	'	'
Class of Stock [Line Items]	'	'	'	'
Development Stage Entities, Stock Issued, Shares, Issued for Cash	950,000	'	'	'
Stock Issuance Fee	8,675	'	'	'
Development Stage Entities, Stock Issued, Value, Issued for Cash	95,000	'	'	'
Founder [Member]	'	'	'	'
Class of Stock [Line Items]	'	'	'	'
Stock Issued During Period, Shares, New Issues	5,000,000	'	'	'
Stock Issued During Period, Value, New Issues	$50	'	'	'

GOING_CONCERN_Details_Textual

GOING CONCERN (Details Textual) (USD $)	5 Months Ended	12 Months Ended
	Jul. 31, 2013	Jul. 31, 2014
Schedule Of Liquidity Disclosure [Line Items]	'	'
Net Cash Provided by (Used in) Operating Activities, Continuing Operations, Total	($4,108)	($70,389)
Net Income (Loss) Attributable to Parent, Total	($11,608)	($84,071)