Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Apr. 30, 2015 | Jun. 15, 2015 | |
Entity Registrant Name | Clone Algo Technologies Inc. | |
Entity Central Index Key | 1582589 | |
Current Fiscal Year End Date | -24 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 94,157,400 | |
Document Type | 10-Q | |
Document Period End Date | 30-Apr-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | FALSE |
Condensed_Balance_Sheets_Curre
Condensed Balance Sheets (Current Period Unaudited) (USD $) | Apr. 30, 2015 | Jul. 31, 2014 |
Current assets | ||
Cash and cash equivalents | $2,079,707 | $16,224 |
Accounts receivable, net of allowance for bad debts $0 | 165,000 | |
Prepaid expenses | 5,975 | 4,768 |
Total assets | 2,250,682 | 20,992 |
Current liabilities | ||
Accounts payable | 35,417 | 450 |
Accrued liability | 420,000 | |
Loan payable to related party | 4,346 | |
Total liabilities | 455,417 | 4,796 |
Commitments and Contingencies | ||
Stockholders' equity | ||
Preferred stock, $0.001 par value; 200,000,000 shares authorized, none issued and outstanding | 0 | 0 |
Common stock, $0.001 par value; 3,000,000,000 shares authorized, 94,157,400 and 5,950,000 shares issued and outstanding at April 30, 2015 and July 31, 2014, respectively | 94,157 | 5,950 |
Additional paid-in capital | 2,789,692 | 105,925 |
Subscriptions received | -451,500 | |
Accumulated deficit | -637,084 | -95,679 |
Total stockholders' equity | 1,795,265 | 16,196 |
Total liabilities and stockholders' equity | $2,250,682 | $20,992 |
Condensed_Balance_Sheets_Curre1
Condensed Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Apr. 30, 2015 | Jul. 31, 2014 |
Allowance for bad debts | $0 | $0 |
Preferred stock par value (in dollars per share) | $0.00 | $0.00 |
Preferred stock shares authorized (in shares) | 200,000,000 | 10,000,000 |
Preferred stock issued (in shares) | 0 | 0 |
Preferred stock outstanding (in shares) | 0 | 0 |
Common stock par value (in dollars per share) | $0.00 | $0.00 |
Common stock shares authorized (in shares) | 3,000,000,000 | 250,000,000 |
Common stock issued (in shares) | 94,157,400 | 5,950,000 |
Common stock outstanding (in shares) | 94,157,400 | 5,950,000 |
Condensed_Statements_of_Operat
Condensed Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Apr. 30, 2015 | Apr. 30, 2014 | Apr. 30, 2015 | Apr. 30, 2014 | |
Revenues | $50,000 | $305,000 | ||
Cost of sales | 100,000 | 233,333 | ||
Gross profit | -50,000 | 71,667 | ||
Operating expenses: | ||||
Professional fees | 11,709 | 13,568 | 102,543 | 56,152 |
Software development fees | 450,000 | 462,120 | ||
Compensation | 4,500 | 13,500 | ||
General and administrative | 9,858 | 281 | 34,683 | 1,245 |
Total operating expenses | 471,567 | 18,349 | 599,346 | 70,897 |
Loss from operations | -521,567 | -18,349 | -527,679 | -70,897 |
Other income: | ||||
Interest income | 5 | 17 | ||
Loss on investment | -17,221 | -13,743 | ||
Total other income | -17,216 | -13,726 | ||
Loss from operations before income tax | -538,783 | -18,349 | -541,405 | -70,897 |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net loss | ($538,783) | ($18,349) | ($541,405) | ($70,897) |
Net loss per share - basic and diluted (in dollars per share) | ($0.01) | $0 | ($0.01) | ($0.01) |
Weighted average number of shares outstanding during the period - basic and diluted (in shares) | 94,157,400 | 5,950,000 | 74,745,769 | 5,950,000 |
Condensed_Statements_of_Cash_F
Condensed Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
Apr. 30, 2015 | Apr. 30, 2014 | |
Cash Flows From Operating Activities: | ||
Net loss | ($541,405) | ($70,897) |
Adjustment to reconcile net loss to net cash used in operating activities: | ||
In kind contribution of services | 13,500 | |
Amortization expense | 4,608 | |
Changes in operating assets and liabilities: | ||
Increase in accounts receivable | -165,000 | |
Increase in prepaid expenses | -1,208 | -12,500 |
Increase in accounts payable | 34,967 | |
Increase in accrued liability | 420,000 | |
Net Cash Used In Operating Activities | -252,646 | -65,289 |
Cash Flows From Financing Activities: | ||
Loan from related party | 125 | |
Repayment of loan to related party | -4,346 | |
Proceeds from sales of stock | 2,317,000 | |
Contributed capital by former officer | 3,475 | |
Net Cash Provided by Financing Activities | 2,316,129 | 125 |
Net increase (decrease) in cash | 2,063,483 | -65,164 |
Cash and cash equivalents at beginning of period | 16,224 | 86,475 |
Cash and cash equivalents at end of period | $2,079,707 | $21,311 |
Note_1_Nature_of_Operations_an
Note 1 - Nature of Operations and Basis of Presentation | 9 Months Ended |
Apr. 30, 2015 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION |
As used herein and except as otherwise noted, the term “Company”, “it(s)”, “our”, “us”, “we” and “CATI” shall mean Clone Algo Technologies Inc., a Nevada corporation. | |
Clone Algo Technologies Inc. was originally incorporated on March 7, 2013 in Nevada under the name TravelSafe, Inc. On September 24, 2014, the principal shareholder of TravelSafe (the “Seller”) entered into and closed a Stock Purchase Agreement with the two individuals (the “Purchasers”), whereby the Purchasers purchased from the Seller of TravelSafe, Inc. an aggregate of 5,000,000 shares of common stock, par value $0.00001 per share (the “Shares”) for an aggregate purchase price of $280,000 (the “Purchase Price”). The shares purchased represented approximately 84% of the total issued and outstanding shares of TravelSafe, Inc. Prior to the closing of the Stock Purchase Agreement, the Seller was the sole officer and director of the Company, as well as the Company’s majority shareholder. As a result of the sale of shares, change in control of TravelSafe Inc. occurred and the company’s name was changed to Clone Algo Technologies Inc. (the “Company”). | |
Clone Algo Technologies Inc. is a technology company specializing in developing algorithms based on artificial intelligence and operates social investment networks. CATI has started development of a franchisee system and technology based on artificial intelligence for powering boutique health resorts & spas. The mobile application will be downloaded by the clients from App store or android store. The health resorts & spas will pay a monthly subscription fee for the technology which the health spa customers will use. This technology will take approximately one year to develop, test and commercially launch. | |
The accompanying interim condensed financial statements are unaudited, but in the opinion of management of the Company, contain all adjustments, which include normal recurring adjustments and business acquisition adjustments, necessary to present fairly the financial position at April 30, 2015, and the results of operations and cash flows for the nine months ended April 30, 2015. The balance sheet at July 31, 2014 is derived from the Company’s audited financial statements. | |
Certain information and footnote disclosures normally included in financial statements that have been prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although management of the Company believes that the disclosures contained in these financial statements are adequate to make the information presented therein not misleading. For further information, refer to the financial statements and the notes thereto contained in the Company’s 2014 Annual Report filed with the Securities and Exchange Commission on Form 10-K on September 17, 2014. |
Note_2_Summary_of_Significant_
Note 2 - Summary of Significant Accounting Policies | 9 Months Ended |
Apr. 30, 2015 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
The following summary of significant accounting policies of the Company is presented to assist in the understanding of the Company’s unaudited financial statements. The unaudited condensed financial statements and notes are the representation of the Company’s management who is responsible for their integrity and objectivity. The unaudited condensed financial statements of the Company conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission for interim financial information. | |
Use of Estimates | |
The preparation of unaudited condensed financial statements in conformity with U.S. GAAP 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 unaudited financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. | |
Revenue Recognition | |
The Company recognizes revenues when persuasive evidence of an arrangement exists; delivery has occurred; price is fixed or determinable; and collectability of the related receivable is reasonably assured. The Company closely follows the provisions of Financial Accounting Standards Board Accounting Standards Codification (ASC) 605 “ | |
Revenue Recognition | |
”, which includes the guidelines of Staff Accounting Bulletin No. 104 as described above. | |
The Company's main source of revenue is from developing customized algorithms for brokers, hedge funds, distributors and banks and licensing its Clone Algo Applications based on the type of trading in which their customers (its users) are engaged in. Each user has multiple accounts running different algorithms for different asset classes. | |
The Company recognizes revenues when the customers accept the delivery of customized algorithms project and notify the Company in writing to confirm that they are satisfied with the completed projects and no further modifications needed, the price is fixed and the collection of revenue is reasonably assured. | |
Earnings (Loss) Per Common Share | |
The Company computes net earnings (loss) per share in accordance with ASC 260, “ | |
Earnings per Share” | |
. ASC 260 requires presentation of both basic and diluted net earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. For the three months and nine months ended April 30, 2015 and 2014, there were no potentially dilutive common shares outstanding during the period. | |
Cash and Cash Equivalents | |
The Company considers all cash on hand, cash held at the brokerage account, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents. | |
Income Taxes | |
The Company accounts for income taxes under 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. | |
Internal Revenue Code Section 382 ("Section 382") imposes limitations on the availability of a company's net operating losses after certain ownership changes occur. The Section 382 limitation is based upon certain conclusions pertaining to the dates of ownership changes and the value of the Company on the dates of the ownership changes. It was determined that an ownership change occurred in September 2014. The amount of the Company's net operating losses incurred prior to the ownership change is limited based on the value of the Company on the date of the ownership change. Management has not determined the amount of net operating losses generated prior to the ownership change available to offset taxable income subsequent to the ownership change. | |
Fair value of Financial Instruments and Fair Value Measurements | |
ASC 820, | |
Fair Value Measurements and Disclosures, | |
requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: | |
Level 1 | |
Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. | |
Level 2 | |
Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. | |
Level 3 | |
Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. | |
The Company’s financial instruments consist principally of cash, amounts receivable and accounts payable. Pursuant to ASC 820, | |
Fair Value Measurements and Disclosures | |
and ASC 825, | |
Financial Instruments | |
, the fair value of our cash equivalents is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all of the other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. | |
Business Segments | |
The Company operates in one segment and therefore, segment information is not presented. | |
Recent Accounting Pronouncements | |
The Company has implemented all new accounting pronouncements that are in effect and that may impact its unaudited condensed 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. |
Note_3_Prepaid_Infrastructure_
Note 3 - Prepaid Infrastructure Expense | 9 Months Ended |
Apr. 30, 2015 | |
Notes to Financial Statements | |
Other Current Assets [Text Block] | NOTE 3 – PREPAID INFRASTRUCTURE EXPENSE |
On September 29, 2014, the Company entered into a one year agreement with Stragegyland Reserch Limited (the “Strategyland”), which providing technical services and support for maintaining its intellectual property platform and computer servers. The agreement was effective October 1, 2014, and is renewable for an additional year unless either party gives a written notice to the other party not to renew the agreement at least sixty days prior to the renewal date. Pursuant to the terms of the agreement, the Company agreed to pay $400,000 annually for maintaining its intellectual property platform and computer servers which will be amortized over the 12 months term. The Company has amortized $233,333 of prepaid infrastructure expense and recorded $100,000 and $233,333 as cost of sales for the three months and nine months ended April 30, 2015. |
Note_4_Related_Party_Transacti
Note 4 - Related Party Transactions | 9 Months Ended |
Apr. 30, 2015 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 4 - RELATED PARTY TRANSACTIONS |
The Company’s former president was indebted for a total of $4,346 for expenses paid on behalf of the Company as of July 31, 2014. The Company has paid cash payment of $4,346 to the former president during the nine months ended April 30, 2015. | |
On September 29, 2014, Strategyland entered into an Intellectual Property Transfer Agreement with the Company, and sold all of its rights in the Intellectual Property and acquired 88,000,000 shares of common stock for a cumulative consideration of $176,000 (See Note 5). The shares issued represented approximately 93.67% of the issued and outstanding shares of the Company and resulted in a change in control. | |
Mr. Niraj Goel controls Strategyland as he owns more than 50% of Strategyland, and is a member of its board of directors. In addition, Mr. Goel owns more than 50% of the entity which provides technical services and support to maintain the Company’s intellectual property platform and computer servers (See Note 3). |
Note_5_Stockholders_Equity
Note 5 - Stockholders' Equity | 9 Months Ended |
Apr. 30, 2015 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 5 - STOCKHOLDERS’ EQUITY |
The Company’s capitalization at April 30, 2015 was 200,000,000 authorized shares of preferred stock, and 3,000,000,000 authorized shares of common stock, both with a par value of $0.001 per share. | |
On September 24, 2014, the Company filed an amendment to its Articles of Incorporation and increased its authorized number of shares of preferred stock from 10,000,000 to 200,000,000 shares and increased its authorized number of common stock from 250,000,000 to 3,000,000,000 shares. The Company increased the par value of its shares of preferred stock from $0.00001 to $0.001 per share, and increased the par value of its shares of common stock from $0.00001 to $0.001 per share. | |
Preferred Stock | |
The Company authorized 200,000,000 shares of preferred stock with a par value of $0.001 per share with rights and preferences to be determined by the board of directors. No preferred stock was issued and outstanding as of April 30, 2015. | |
Common Stock | |
On September 29, 2014, the Company and Strategyland entered into an Intellectual Property Transfer Agreement (the “Agreement”). Pursuant to the Agreement, the Strategyland sold all of its rights, title and interest in and to the following assets, intellectual properties and rights: (a) the BookSmooth Trademark and the BookSmooth Domain Name; (b) all of the goodwill related to the Seller’s rights, title and interest to the BookSmooth Trademark and the BookSmooth Domain Name; (c) the BookSmooth Mobile APP complete with manuals; and (d) the BookSmooth Mobile APP Source codes (collectively, the “Intellectual Property”), and paid a cash consideration of $176,000 to the Company for the purchase of 88,000,000 shares of the Company’s common stock and for the sale of its Intellectual Property. The Company authorized to issue the 88,000,000 common shares on September 29, 2014 and such shares were issued and outstanding as of April 30, 2015. Upon the execution of agreement and issuance of common shares, Strategyland became the majority shareholder of the Company. The Company has valued the Intellectual Property at $0 in the accompanying financial statements at April 30, 2015. | |
On October 14, 2014, the Company sold 200,000 shares of its common stock (the “Shares”) to ten foreign investors (each a “Purchaser”) at a price per share of $12.50 for an aggregate offering price of $2,500,000. As of April 30, 2015, the subscription documents were completed for all 200,000 shares. The Company has received a cash consideration of $2,048,500 pursuant to the offering, and the remaining balance of $451,500 is recorded as subscriptions receivables as of April 30, 2015. In addition, for the nine months ended April 30, 2015, the Company sold 400 shares and 7,000 shares at a price per share of $12.50 for cash proceeds of $92,500. | |
As a result of the above stock transactions, the Company has 94,035,600 shares of common stock issued as of April 30, 2015 and 121,800 shares of common stock remained unissued as April 30, 2015. | |
In-Kind Contribution of Services | |
During the three months and nine months ended April 30, 2015, an officer of the Company contributed services that had a fair value of $0 and $0. During the three months and nine months ended April 30, 2014, a former officer of the Company had contributed services that had a fair value of $4,500 and $13,500, respectively. | |
Contributed Capital by Former Officer | |
During the nine months ended April 30, 2015, the former officer of the Company contributed capital of $3,475 to fund the operating expenses. |
Note_6_Concentrations
Note 6 - Concentrations | 9 Months Ended |
Apr. 30, 2015 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | NOTE 6 – CONCENTRATIONS AND COMMITMENTS |
During the three months ended April 30, 2015, 100% of consulting income and accounts receivable were derived from one customer. During the nine months ended April 30, 2015, 100% of consulting income and accounts receivable were derived from two customers: 55% and 45%, respectively. | |
The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts through April 30, 2015. The Company has $2,052,178 of cash held in a foreign brokerage account as of April 30, 2015. | |
The Company entered into an outsourcing agreement on February 20, 2015 with a third party vendor to develop custom software for mobile applications (iOS and Android) for health resorts and wellness technology for a fee of $1,200,000, invoiced to the Company at the monthly rate of $150,000. For the three months and nine months ended April 30, 2015, the Company recorded software development expense of $450,000 and $462,120 towards the development of custom software applications. |
Significant_Accounting_Policie
Significant Accounting Policies (Policies) | 9 Months Ended |
Apr. 30, 2015 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
The preparation of unaudited condensed financial statements in conformity with U.S. GAAP 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 unaudited financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. | |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition |
The Company recognizes revenues when persuasive evidence of an arrangement exists; delivery has occurred; price is fixed or determinable; and collectability of the related receivable is reasonably assured. The Company closely follows the provisions of Financial Accounting Standards Board Accounting Standards Codification (ASC) 605 “ | |
Revenue Recognition | |
”, which includes the guidelines of Staff Accounting Bulletin No. 104 as described above. | |
The Company's main source of revenue is from developing customized algorithms for brokers, hedge funds, distributors and banks and licensing its Clone Algo Applications based on the type of trading in which their customers (its users) are engaged in. Each user has multiple accounts running different algorithms for different asset classes. | |
The Company recognizes revenues when the customers accept the delivery of customized algorithms project and notify the Company in writing to confirm that they are satisfied with the completed projects and no further modifications needed, the price is fixed and the collection of revenue is reasonably assured. | |
Earnings Per Share, Policy [Policy Text Block] | Earnings (Loss) Per Common Share |
The Company computes net earnings (loss) per share in accordance with ASC 260, “ | |
Earnings per Share” | |
. ASC 260 requires presentation of both basic and diluted net earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. For the three months and nine months ended April 30, 2015 and 2014, there were no potentially dilutive common shares outstanding during the period. | |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents |
The Company considers all cash on hand, cash held at the brokerage account, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents. | |
Income Tax, Policy [Policy Text Block] | Income Taxes |
The Company accounts for income taxes under 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. | |
Internal Revenue Code Section 382 ("Section 382") imposes limitations on the availability of a company's net operating losses after certain ownership changes occur. The Section 382 limitation is based upon certain conclusions pertaining to the dates of ownership changes and the value of the Company on the dates of the ownership changes. It was determined that an ownership change occurred in September 2014. The amount of the Company's net operating losses incurred prior to the ownership change is limited based on the value of the Company on the date of the ownership change. Management has not determined the amount of net operating losses generated prior to the ownership change available to offset taxable income subsequent to the ownership change. | |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair value of Financial Instruments and Fair Value Measurements |
ASC 820, | |
Fair Value Measurements and Disclosures, | |
requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: | |
Level 1 | |
Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. | |
Level 2 | |
Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. | |
Level 3 | |
Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. | |
The Company’s financial instruments consist principally of cash, amounts receivable and accounts payable. Pursuant to ASC 820, | |
Fair Value Measurements and Disclosures | |
and ASC 825, | |
Financial Instruments | |
, the fair value of our cash equivalents is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all of the other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. | |
Segment Reporting, Policy [Policy Text Block] | Business Segments |
The Company operates in one segment and therefore, segment information is not presented. | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements |
The Company has implemented all new accounting pronouncements that are in effect and that may impact its unaudited condensed 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. |
Note_1_Nature_of_Operations_an1
Note 1 - Nature of Operations and Basis of Presentation (Details Textual) (USD $) | 1 Months Ended |
Sep. 24, 2014 | |
Shares Sold | 5,000,000 |
Common Stock Sold, Par Value | $0.00 |
Shares Sold by Principal Shareholder, Value | $280,000 |
Shares Sold as Percentage of Total Shares Issued and Outstanding | 84.00% |
Note_2_Summary_of_Significant_1
Note 2 - Summary of Significant Accounting Policies (Details Textual) | 3 Months Ended | 9 Months Ended | ||
Apr. 30, 2015 | Apr. 30, 2014 | Apr. 30, 2015 | Apr. 30, 2014 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | 0 | 0 |
Number of Operating Segments | 1 |
Note_3_Prepaid_Infrastructure_1
Note 3 - Prepaid Infrastructure Expense (Details Textual) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended |
Oct. 31, 2014 | Apr. 30, 2015 | Apr. 30, 2015 | |
Technical Services and Support Agreement, Term | 1 year | ||
Technical Services and Support Agreement, Annual Expense | $400,000 | ||
Technical Services and Support Agreement, Annual Costs, Amortization Period | 1 year | ||
Prepaid Infrastructure Expense Amortization | 233,333 | ||
Cost of Revenue | $100,000 | $233,333 |
Note_4_Related_Party_Transacti1
Note 4 - Related Party Transactions (Details Textual) (USD $) | 0 Months Ended | 1 Months Ended | 0 Months Ended | 9 Months Ended | 1 Months Ended | |
Dec. 10, 2014 | Nov. 26, 2014 | Oct. 14, 2014 | Apr. 30, 2015 | Sep. 29, 2014 | Jul. 31, 2014 | |
Due to Related Parties, Current | $4,346 | |||||
Repayments of Related Party Debt | 4,346 | |||||
Stock Issued During Period, Shares, New Issues | 7,000 | 400 | 200,000 | |||
Stock Issued During Period, Value, New Issues | 2,500,000 | |||||
Former President [Member] | ||||||
Due to Related Parties, Current | 4,346 | |||||
Repayments of Related Party Debt | 4,346 | |||||
Strategyland Research Limited [Member] | ||||||
Stock Issued During Period, Shares, New Issues | 88,000,000 | |||||
Stock Issued During Period, Value, New Issues | $176,000 | |||||
Percent of Common Stock Issued and Outstanding | 93.67% | |||||
Mr. Niraj Goel [Member] | Strategyland Research Limited [Member] | ||||||
Controlling Interest, Ownership Percentage | 50.00% | |||||
Mr. Niraj Goel [Member] | Tradeology [Member] | ||||||
Controlling Interest, Ownership Percentage | 50.00% |
Note_5_Stockholders_Equity_Det
Note 5 - Stockholders' Equity (Details Textual) (USD $) | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | ||||
Dec. 10, 2014 | Nov. 26, 2014 | Oct. 14, 2014 | Dec. 10, 2014 | Apr. 30, 2015 | Apr. 30, 2014 | Apr. 30, 2015 | Apr. 30, 2014 | Sep. 29, 2014 | Sep. 23, 2014 | Jul. 31, 2014 | |
Preferred Stock, Shares Authorized | 200,000,000 | 200,000,000 | 10,000,000 | 10,000,000 | |||||||
Common Stock, Shares Authorized | 3,000,000,000 | 3,000,000,000 | 250,000,000 | 250,000,000 | |||||||
Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
Stock Issued During Period, Value, New Issues | $2,500,000 | ||||||||||
Stock Issued During Period, Shares, New Issues | 7,000 | 400 | 200,000 | ||||||||
Shares Issued, Price Per Share | $12.50 | ||||||||||
Proceeds from Issuance or Sale of Equity | 92,500 | 2,048,500 | |||||||||
Common Stock, Share Subscribed but Unissued, Subscriptions Receivable | 451,500 | 451,500 | |||||||||
Common Stock, Shares, Issued | 94,157,400 | 94,157,400 | 5,950,000 | ||||||||
Common Stock, Shares Subscribed but Unissued | 121,800 | 121,800 | |||||||||
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition | 0 | 4,500 | 0 | 13,500 | |||||||
Proceeds from Contributed Capital | 3,475 | ||||||||||
Strategyland Research Limited [Member] | |||||||||||
Stock Issued During Period, Value, New Issues | 176,000 | ||||||||||
Stock Issued During Period, Shares, New Issues | 88,000,000 | ||||||||||
Intellectual Property [Member] | |||||||||||
Intangible Assets, Current | $0 | $0 |
Note_6_Concentrations_Details_
Note 6 - Concentrations (Details Textual) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended |
Feb. 20, 2015 | Apr. 30, 2015 | Apr. 30, 2015 | |
Cash, Uninsured Amount | $2,052,178 | $2,052,178 | |
Third-party Outsourcing Agreement, Fee, Amount | 1,200,000 | ||
Third-party Outsourcing Agreement Fee, Monthly Rate | 150,000 | ||
Research and Development Expense, Software (Excluding Acquired in Process Cost) | $450,000 | $462,120 | |
Consulting Income [Member] | Customer Concentration Risk [Member] | One Customer [Member] | |||
Concentration Risk, Percentage | 100.00% | ||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | One Customer [Member] | |||
Concentration Risk, Percentage | 100.00% | ||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer 1 [Member] | |||
Concentration Risk, Percentage | 55.00% | ||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer 2 [Member] | |||
Concentration Risk, Percentage | 45.00% |