TOA Optical Tech 10-Q 10 Mar 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jan. 31, 2015	Mar. 10, 2015
Document And Entity Information
Entity Registrant Name	TOA Optical Tech, Inc.
Entity Central Index Key	1582718
Document Type	10-Q
Document Period End Date	31-Jan-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-24
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		60,000,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2015

BALANCE_SHEETS_Unaudited

BALANCE SHEETS (Unaudited) (USD $)	Jan. 31, 2015	Jul. 31, 2014
Current Assets
Cash and cash equivalents	$1
Inventories	17,030	19,457
Total Current Assets	17,031	19,457
TOTAL ASSETS	17,031	19,457
Current Liabilities
Accounts Payable-Related Party	17,030	19,457
Loan from director	35,956	11,273
Accrued Expenses	7,350	8,550
Tax payables		55
Total Current Liabilities	60,336	39,335
TOTAL LIABILITIES	60,336	39,335
Stockholders' Equity (Deficit)
Preferred stock ($.0001 par value, 20,000,000 shares authorized) 1,000,000 shares issued and outstanding as of January 31, 2015 and July 31, 2014	100	100
Common stock ($.0001 par value, 500,000,000 shares authorized) 60,000,000 shares issued and outstanding as of October 31, 2014 and July 31, 2014	6,000	6,000
Additional paid-in capital	4,494	4,494
Accumulated deficit	-52,642	-30,591
Foreign currency translation	-1,257	119
Total Stockholders' Equity (Deficit)	-43,306	-19,878
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	$17,031	$19,457

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS (Parenthetical) (USD $)	Jan. 31, 2015	Jul. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	60,000,000	60,000,000
Common stock, shares outstanding	60,000,000	60,000,000

STATEMENTS_OF_OPERATIONS_Unaud

STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Income Statement [Abstract]
Revenues
Organization and Related Expenses
Professional fees	3,881	1,098	19,707	1,098
Other Expenses	2,289		2,344
Total Expenses	6,170	1,098	22,051	1,098
Net Income (Loss)	-6,170		-22,051	-1,098
Foreign currency translation adjustment	809		-1,376
Total comprehensive income (loss)	($5,361)	($1,098)	($23,427)	($1,098)
Basic and Diluted Loss Per Share	$0	$0	$0	$0
Weighted average number of common shares outstanding	60,000,000	20,000,000	60,000,000	20,000,000

STATEMENT_OF_CASH_FLOWS_Unaudi

STATEMENT OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Statement of Cash Flows [Abstract]
Net Income (Loss)	($22,051)	($1,098)
Inventories	2,427
Prepaid Expense		2,000
Accrued expenses	-1,255	-2,000
Account payables - related party	-2,427
Tax payables
Net cash provided by (used in) operating activities	-23,306	-1,098
CASH FLOWS FROM FINANCING ACTIVITIES
Loan from director	24,683	1,097
Net cash provided by (used in) financing activities	24,683	1,097
Net effect of exchange rate changes on cash	-1,376	1
Net increase (decrease) in cash	1
Cash at beginning of period
Cash at the end of period	1
Interest paid
Income taxes paid
NONCASH INVESTING AND FINANCING ACTIVITIES
Contribution to capital by related party for write-off of accounts payable		$2,494

ORGANIZATION_AND_DESCRIPTION_O

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Jan. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS
	TOA Optical Tech, Inc. (the “Company”), a growth company, was incorporated under the laws of the State of Delaware on July 22, 2013, with an objective to acquire, or merge with, an operating business. As of January 31, 2015, the Company conducts a trading business through its wholly owned subsidiary, TOA Hikari Giken Co., Ltd., a Japan Corporation. Our business is engaged in the worldwide trading of LED products.
	The accompanying unaudited condensed financial statements of TOA Optical Tech, Inc. (the “Company”) have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission, or the SEC, including the instructions to Form 10-Q and Regulation S-X. In the opinion of the management of the Company, all adjustments, which are of a normal recurring nature, necessary for a fair statement of the results for the three month periods and for the period from the date of inception have been made. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year. When used in these notes, the terms “Company”, “we”, “us” or “our” mean the Company. Certain information and note disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America has been condensed or omitted from these statements pursuant to such accounting principles and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements for the year ended July 31, 2014.
	The results of operations for the three month period ended January 31, 2015 are not necessarily indicative of the results for the full fiscal year ending July 31, 2015.
	In the quarter ended January 31, 2015, the Company elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the company to remove the inception to date information and all references to development stage.
	We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations, financial position or cash flow.

GOING_CONCERN

GOING CONCERN	6 Months Ended
	Jan. 31, 2015
Going Concern
GOING CONCERN	NOTE 2 - GOING CONCERN
	The accompanying financial statements are prepared on a basis of accounting assuming that the Company is a going concern that contemplates realization of assets and satisfaction of liabilities in the normal course of business. The Company is considered a start-up company and has few current revenue sources. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s management plans to engage in very limited activities without incurring any liabilities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue- producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.

RELATED_PARTY_DISCLOSURE

RELATED PARTY DISCLOSURE	6 Months Ended
	Jan. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 3 - RELATED-PARTY TRANSACTIONS
	At January 31, 2015, the Company owed a related party in the amount of $35,956 to Hajime Abe, sole director, for payment of the Company’s expenses.
	At January 31, 2015, the Company has $17,030 of related party payable due to Optical Tech Co., Ltd. (“Optical Tech”) for the amount of inventory purchases. Tatsumi Shioya who is the CEO and President of the Company is also the owner and the President of Optical Tech.