Pulse Evolution (PLFX) 10-Q 13 Feb 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 31, 2013	Feb. 10, 2014
Document And Entity Information	'	'
Entity Registrant Name	'QurApps, Inc.	'
Entity Central Index Key	'0001583138	'
Document Type	'10-Q	'
Document Period End Date	31-Dec-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--06-30	'
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	'	6,000,000
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

Balance_Sheets

Balance Sheets (USD $)	Dec. 31, 2013	Jun. 30, 2013
Current assets	'	'
Cash and cash equivalents	'	$15,070
Prepaid expense	2,858	'
Total current assets	2,858	15,070
Total assets	2,858	15,070
Current liabilities	'	'
Accounts payable	2,060	5,000
Total current liabilities	2,060	5,000
Total liabilities	2,060	5,000
Stockholders' Equity	'	'
Common stock, 75,000,000 shares authorized at par value of $0.003, 6,000,000 shares issued and outstanding at September 30, 2013 and June 30, 2013	18,000	18,000
Additional paid-in capital	'	'
Deficit accumulated during the development stage	17,202	7,930
Total stockholders' equity	798	10,070
Total liabilities and stockhokders' equity	$2,858	$15,070

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Statement of Financial Position [Abstract]	'	'
Common stock, shares authorized	75,000,000	75,000,000
Common stock, par value	$0.00	$0.00
Common stock, shares issued	6,000,000	6,000,000
Common stock, shares outstanding	6,000,000	6,000,000

Statement_Of_Operations

Statement Of Operations (USD $)	3 Months Ended	6 Months Ended	7 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
Income Statement [Abstract]	'	'	'
Revenues	'	'	'
Cost of sales	'	'	'
Gross margin	'	'	'
Operating expenses	'	'	'
General and administrative	1,386	2,210	2,210
Professional fees	6,737	7,062	14,992
Total operating expenses	8,123	9,272	17,202
Loss from operations	-8,123	-9,272	-17,202
Provision for income taxes	'	'	'
Net income (loss)	($8,123)	($9,272)	($17,202)
Basic and diluted loss per share	$0	$0	'
Weighted average number of shares outstanding - Basic and Diluted	6,000,000	6,000,000	'

Statement_Of_Stockholders_Equi

Statement Of Stockholders' Equity (Deficit) (USD $)	Common Stock	Additional Paid-In Capital	Deficit Accumulated During the Development Stage	Total
Balance value at May. 30, 2013	'	'	'	'
Balance shares at May. 30, 2013	'	'	'	'
Common stock issued for cash at $0.003 per share, shares	6,000,000	'	'	'
Common stock issued for cash at $0.003 per share, value	18,000	'	'	18,000
Net income (loss) for the period	'	'	-7,930	-7,930
Balance value at Jun. 30, 2013	18,000	'	-7,930	10,070
Balance shares at Jun. 30, 2013	6,000,000	'	'	6,000,000
Net income (loss) for the period	'	'	-9,272	-9,272
Balance value at Dec. 31, 2013	$18,000	'	($17,202)	$798
Balance shares at Dec. 31, 2013	6,000,000	'	'	6,000,000

Statement_Of_Stockholders_Equi1

Statement Of Stockholders' Equity (Deficit) (Parenthetical) (USD $)	Jun. 01, 2013
Statement of Stockholders' Equity [Abstract]	'
Stock price, per share	$0.00

Statement_Of_Cash_Flows

Statement Of Cash Flows (USD $)	6 Months Ended	7 Months Ended
	Dec. 31, 2013	Dec. 31, 2013
Statement of Cash Flows [Abstract]	'	'
Net loss	($9,272)	($17,202)
Changes in operating assets and liabilities:	'	'
Increase in prepaid expense	-2,858	-2,858
Increase in accounts payable	-2,940	2,060
Net cash used in operating activities	-15,070	-18,000
Cash flow used in investing activities	'	'
Cash flow from financing activities	'	'
Common stock issued for cash	'	18,000
Net cash provided by financing activities	'	18,000
Net increase (decrease) in cash and cash equivalents	-15,070	'
Cash and cash equivalents at beginning of period	15,070	'
Cash and cash equivalents at end of period	'	'
Supplemental disclosure of cash flow information	'	'
Cash paid for interest	'	'
Cash paid for income taxes	'	'

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2013
Summary Of Significant Accounting Policies	'
Summary of significant accounting policies	'
	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Nature of Business
	Qurapps, Inc. (the “Company”) was incorporated in the State of Nevada on May 31, 2013. The Company is engaged in the development of a mobile software app, called “I Feed Me”, that enables consumers to obtain meal recipes by selecting 3 to 5 food products, and once entered, the software app will provide a list of recipes from which to cook meals, based on the 3 to 5 food products chosen. Additionally, app users will be able to rate recipes, add their personal recipes and receive real-time notifications when new consumers select their recipes to use. The Company has no revenues and limited operations. The Company is classified as a development stage company since it has not earned any revenue from its planned operations.
	Basis of Presentation
	The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial reporting and the instructions for Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all information and footnote disclosures necessary for a complete presentation of the financial position, results of operations, cash flows, and stockholders equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature.
	The unaudited condensed balance sheet of the Company as of December 31, 2013, and the related balance sheet of the Company as of June 30, 2013, which is derived from the Company's audited financial statements, the unaudited condensed statement of operations and cash flows for the six months ended December 31, 2013 and from May 31, 2009 (Inception) to December 31, 2013 are included in this document. These unaudited condensed financial statements should be read in conjunction with the audited financial statements and related notes included in the Company’s most recently filed Form S-1/A that went effective October 7, 2013.
	Operating results for the six months ended December 31, 2013 are not necessarily indicative of the results that can be expected for the year ending June 30, 2014.
	Development Stage Company
	The Company has not earned any revenue from operations. Accordingly, the accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development-stage companies as set forth in Financial Accounting Standards Board Accounting Standards Codification 915 (“FASB ASC 915”). A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Revenue Recognition
	The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.
	Cash and Cash Equivalents
	For purposes of the Statement of Cash Flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. The Company’s cash consists of funds deposited with its lawyer into the law firm’s trust account.
	Income Taxes
	The Company provides for income taxes using an asset and liability approach. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.
	The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 15% to the net loss before provision for income taxes as follows:
		For Six Months Ended December 31, 2013			From inception on May 31, 2013 through
					30-Jun-13
	Income tax expense (benefit) at statutory rate	$	(1,390	)	$	(1,190	)
	Change in valuation allowance		1,390			1,190
	Income tax expense	$	0		$	0
	Net deferred tax assets consist of the following components as of December 31, 2013 and June 30, 2013:
		31-Dec-13			30-Jun-13
	NOL Carryover	$	2,580		$	1,190
	Valuation allowance		(2,580	)		(1,190	)
	Net deferred tax asset	$	0		$	0
	Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $17,202 for federal income tax reporting purposes could be subject to annual limitations should a change in ownership occur. The net operating loss carry forwards began to expire in 2033.
	Foreign Currency Translation
	The Company has adopted the US dollar as its functional and reporting currency because most of its transactions are denominated in US currency.
	Fair Value of Financial Instruments
	The Company estimates the fair value of financial instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair value. Accordingly, the estimates of fair value may not be indicative of the amounts the Company could realize in a current market exchange.
	Earnings per Share
	The basic earnings (loss) per share is calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. The Company has not issued any options or warrants or similar securities since inception.
	Dividends
	The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid during the periods shown.
	Recent Accounting Pronouncements
	Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

Going_Concern

Going Concern	6 Months Ended
	Dec. 31, 2013
Going Concern	'
Going concern	'
	NOTE 2 - GOING CONCERN
	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company has net losses from the date of incorporation on May 31, 2013 to December 31, 2013 of $17,202. The Company intends to fund its expenditures through equity financing arrangements, which may be insufficient to fund its proposed development expenditures, working capital and other cash requirements through the next fiscal year ending June 30, 2014.
	The ability of the Company to emerge from the development stage and continue as a going concern is dependent upon the Company’s successful efforts to raise sufficient capital for its business plans and then attaining profitable operations. In response to these issues, management has planned the following actions:
		-	The Company is planning to file and clear a Registration Statement with the SEC to raise additional equity funds through a public offering .
		-	Management is currently formulating plans to develop and sell its software to generate future revenues. There can be no assurances, however, that management’s expectations of future revenues will be realized.
	As of the date of the financial statements, there were no commitments for the additional equity funding. Management estimates the minimum amount of additional funding necessary to enable the Company to carry out its intended business plan and remain viable for at least the twelve months following the date of the financial statements is approximately $50,000. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Dec. 31, 2013
Related Party Transactions	'
Related party transactions	'
	NOTE 3 - RELATED PARTY TRANSACTIONS
	The Company’s officer and director is involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.
	On May 31, 2013, the Company issued 6,000,000 shares of its common stock to its President, Secretary Treasurer and Director for cash of $18,000. See Note 4.

Common_Stock

Common Stock	6 Months Ended
	Dec. 31, 2013
DisclosureCommonStockAbstract	'
Common stock	'
	NOTE 4 - COMMON STOCK
	The Company is authorized to issue 75,000,000 common shares with a par value of $0.003. As of December 31, 2013, there were 6,000,000 shares of common stock issued and outstanding.
	On May 31, 2013 (inception) the Company issued 6,000,000 shares of common stock to its President for cash of $18,000.

Subsequent_Events

Subsequent Events	6 Months Ended
	Dec. 31, 2013
Subsequent Events	'
Subsequent events	'
	NOTE 5 - SUBSEQUENT EVENTS
	In accordance with ASC 855 the Company’s management reviewed all material events through the date these financial statements were available to be issued, and there are no material subsequent events to report.

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2013
Summary Of Significant Accounting Policies Policies	'
Nature of business	'
	Nature of Business
	Qurapps, Inc. (the “Company”) was incorporated in the State of Nevada on May 31, 2013. The Company is engaged in the development of a mobile software app, called “I Feed Me”, that enables consumers to obtain meal recipes by selecting 3 to 5 food products, and once entered, the software app will provide a list of recipes from which to cook meals, based on the 3 to 5 food products chosen. Additionally, app users will be able to rate recipes, add their personal recipes and receive real-time notifications when new consumers select their recipes to use. The Company has no revenues and limited operations. The Company is classified as a development stage company since it has not earned any revenue from its planned operations.
Basis of presentation	'
	Basis of Presentation
	The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial reporting and the instructions for Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all information and footnote disclosures necessary for a complete presentation of the financial position, results of operations, cash flows, and stockholders equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature.
	The unaudited condensed balance sheet of the Company as of December 31, 2013, and the related balance sheet of the Company as of June 30, 2013, which is derived from the Company's audited financial statements, the unaudited condensed statement of operations and cash flows for the six months ended December 31, 2013 and from May 31, 2009 (Inception) to December 31, 2013 are included in this document. These unaudited condensed financial statements should be read in conjunction with the audited financial statements and related notes included in the Company’s most recently filed Form S-1/A that went effective October 7, 2013.
	Operating results for the six months ended December 31, 2013 are not necessarily indicative of the results that can be expected for the year ending June 30, 2014.
Development stage company	'
	Development Stage Company
	The Company has not earned any revenue from operations. Accordingly, the accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development-stage companies as set forth in Financial Accounting Standards Board Accounting Standards Codification 915 (“FASB ASC 915”). A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from.
Use of estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Revenue recognition	'
	Revenue Recognition
	The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.
Cash and cash equivalents	'
	Cash and Cash Equivalents
	For purposes of the Statement of Cash Flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. The Company’s cash consists of funds deposited with its lawyer into the law firm’s trust account.
Income taxes	'
	Income Taxes
	The Company provides for income taxes using an asset and liability approach. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.
	The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 15% to the net loss before provision for income taxes as follows:
		For Six Months Ended December 31, 2013			From inception on May 31, 2013 through
					30-Jun-13
	Income tax expense (benefit) at statutory rate	$	(1,390	)	$	(1,190	)
	Change in valuation allowance		1,390			1,190
	Income tax expense	$	0		$	0
	Net deferred tax assets consist of the following components as of December 31, 2013 and June 30, 2013:
		31-Dec-13			30-Jun-13
	NOL Carryover	$	2,580		$	1,190
	Valuation allowance		(2,580	)		(1,190	)
	Net deferred tax asset	$	0		$	0
	Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $17,202 for federal income tax reporting purposes could be subject to annual limitations should a change in ownership occur. The net operating loss carry forwards began to expire in 2033.
Foreign currency translation	'
	Foreign Currency Translation
	The Company has adopted the US dollar as its functional and reporting currency because most of its transactions are denominated in US currency.
Fair value of financial instruments	'
	Fair Value of Financial Instruments
	The Company estimates the fair value of financial instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair value. Accordingly, the estimates of fair value may not be indicative of the amounts the Company could realize in a current market exchange.
Earnings per share	'
	Earnings per Share
	The basic earnings (loss) per share is calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. The Company has not issued any options or warrants or similar securities since inception.
Dividends	'
	Dividends
	The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid during the periods shown.
Recent accounting pronouncements	'
	Recent Accounting Pronouncements
	Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Income Taxes) (Tables)	6 Months Ended
	Dec. 31, 2013
Summary Of Significant Accounting Policies Income Taxes Tables	'
Schedule of provision for income taxes	'
	The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 15% to the net loss before provision for income taxes as follows:
		For Six Months Ended December 31, 2013			From inception on May 31, 2013 through
					30-Jun-13
	Income tax expense (benefit) at statutory rate	$	(1,390	)	$	(1,190	)
	Change in valuation allowance		1,390			1,190
	Income tax expense	$	0		$	0
Schedule of deferred tax assets	'
	Net deferred tax assets consist of the following components as of December 31, 2013 and June 30, 2013:
		31-Dec-13			30-Jun-13
	NOL Carryover	$	2,580		$	1,190
	Valuation allowance		(2,580	)		(1,190	)
	Net deferred tax asset	$	0		$	0
	Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $17,202 for federal income tax reporting purposes could be subject to annual limitations should a change in ownership occur. The net operating loss carry forwards began to expire in 2033.

Summary_Of_Significant_Account3

Summary Of Significant Accounting Policies (Schedule Of Provision For Income Taxes) (Details) (USD $)	6 Months Ended	7 Months Ended
	Dec. 31, 2013	Dec. 31, 2013
Summary Of Significant Accounting Policies Schedule Of Provision For Income Taxes Details	'	'
Income tax expense (benefit) at statutory rate	($1,390)	($1,190)
Change in valuation allowance	1,390	1,190
Income tax expense	'	'

Summary_Of_Significant_Account4

Summary Of Significant Accounting Policies (Schedule Of Deferred Tax Assets) (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Summary Of Significant Accounting Policies Schedule Of Deferred Tax Assets Details	'	'
NOL carryover	$2,580	$1,190
Valuation allowance	2,580	1,190
Net deferred tax asset	'	'

Summary_Of_Significant_Account5

Summary Of Significant Accounting Policies (Narrative) (Details)	6 Months Ended
	Dec. 31, 2013
Summary Of Significant Accounting Policies Narrative Details	'
Effective statutory federal income tax rate	15.00%

Related_Party_Transactions_Nar

Related Party Transactions (Narrative) (Details) (USD $)	1 Months Ended		0 Months Ended
	Jun. 30, 2013	Jun. 30, 2013	Jun. 01, 2013
		Common Stock	Common Stock
			President
Common stock issued for cash, shares	'	'	6,000,000
Common stock issued for cash, value	$18,000	$18,000	$18,000