Science to Consumers (BEUT) 10-Q 19 Oct 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Aug. 31, 2015	Oct. 07, 2015
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 31, 2015
Trading Symbol	beut
Entity Registrant Name	Science to Consumers, Inc.
Entity Central Index Key	1,583,671
Current Fiscal Year End Date	--05-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		29,920,000
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Aug. 31, 2015	May. 31, 2015
Current Assets
Cash and cash equivalents	$ 1,749	$ 1,749
Total Current Assets	1,749	1,749
Assets, Noncurrent
Total Assets	1,749	1,749
Current Liabilities
Accounts Payable	4,117	0
Loan from director	8,891	8,891
Total Liabilities	13,008	8,891
Stockholders' Equity
Common stock, par value $0.001; 525,000,000 shares authorized, 29,900,000 shares issued and outstanding;	29,900	29,900
Additional paid in capital	61,100	61,100
Accumulated deficit	(102,259)	(98,142)
Total Stockholders' Equity	(11,259)	(7,142)
Total Liabilities and Stockholders' Equity	$ 1,749	$ 1,749

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 31, 2015	May. 31, 2015
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	525,000,000	525,000,000
Common Stock, Shares Issued	29,900,000	29,900,000
Common Stock, Shares Outstanding	29,900,000	29,900,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
REVENUES
REVENUES	$ 0	$ 0
Amortization of Deferred Charges
Advertising and Promotion	0	15
Bank Service Charges	0	60
Professional Fees	4,117	3,663
Business License and Permit	0	0
TOTAL OPERATING EXPENSES	4,117	3,738
NET LOSS FROM OPERATIONS	(4,117)	(3,738)
Interest and Debt Expense
PROVISION FOR INCOME TAXES	0	0
NET LOSS	$ (4,117)	$ (3,738)
Earnings Per Share
NET LOSS PER SHARE: BASIC AND DILUTED	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	29,900,000	29,750,000

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$ (4,117)	$ (3,738)
Changes in assets and liabilities:
Accounts payable	4,117	0
CASH FLOWS (USED IN) OPERATING ACTIVITIES	0	(3,738)
CASH FLOWS FROM FINANCING ACTIVITIES
NET DECREASE IN CASH	0	(3,738)
Cash, beginning of period	1,749	5,171
Cash, end of period	1,749	1,432
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	3 Months Ended
	Aug. 31, 2015
ORGANIZATION AND NATURE OF BUSINESS [Text Block]	NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS Science to Consumers, Inc. is a development stage company registered in the State of Nevada on April 15, 2013 formed to distribute Argan Oil products. Science to Consumers, Inc. will position itself to take full advantage of the distributing Argan oil products from manufacturers to customers.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Aug. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]	NOTE 2 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES Basis of Presentation Accounting Basis Cash and Cash Equivalents Fair Value of Financial Instruments Income Taxes Use of Estimates Revenue Recognition Stock-Based Compensation Basic Income (Loss) Per Share Comprehensive Income

GOING CONCERN

GOING CONCERN	3 Months Ended
	Aug. 31, 2015
GOING CONCERN [Text Block]	NOTE 3 – GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. However, the Company had no revenues as of August 31, 2015. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

LOAN FROM DIRECTOR

LOAN FROM DIRECTOR	3 Months Ended
	Aug. 31, 2015
LOAN FROM DIRECTOR [Text Block]	NOTE 4 – LOAN FROM DIRECTOR As of August 31, 2015, a director loaned $10,214 to the Company for business operations. The director was repaid $1,317 to reduce the loan outstanding. The loans are unsecured, non-interest bearing and due on demand. The balance due to the director was $8,891 as of August 31, 2015.

COMMON STOCK

COMMON STOCK	3 Months Ended
	Aug. 31, 2015
COMMON STOCK [Text Block]	NOTE 5 – COMMON STOCK The Company has 525,000,000, $0.001 par value shares of common stock authorized. On May 13, 2013, the Company issued 3,000,000 shares of common stock to a director for cash proceeds of $3,000 at $0.001 per share. On November 15, 2013, the Company issued 1, 250,000 shares of common stock for cash proceeds of $25,000 at $0.02 per share. On July 31, 2014, our company’s board of directors approved a resolution to effect a 7 new for 1 old forward split of our authorized and outstanding shares of common stock. A Certificate for the stock split was filed and became effective with the Nevada Secretary of State on August 19, 2014. Consequently, our authorized share capital increased from 4,250,000 to 29,750,000 shares, all with a par value of $0.001. On September 17, 2014, the Company issued 50,000 units for cash proceeds of $15,000 at $0.30 per unit. Each unit consisted of one share of common stock and one warrant. Each warrant entitles the holder to purchase one share of common stock at $0.50 per share on or before September 17, 2017. The grant date fair value of the warrants, determined using the Black-Scholes option pricing model, was $0.50 per share. On September 18, 2014, the Company issued 100,000 units for cash proceeds of $30,000 at $0.30 per unit. Each unit consisted of one share of common stock and one warrant. Each warrant entitles the holder to purchase one share of common stock at $0.50 per share on or before September 18, 2017. The grant date fair value of the warrants, determined using the Black-Scholes option pricing model, was $0.50 per share. There were 29,900,000 shares of common stock issued and outstanding as of August 31, 2015.

WARRANTS

WARRANTS	3 Months Ended
	Aug. 31, 2015
WARRANTS [Text Block]	NOTE 6 – WARRANTS The following table summarizes the continuity of share purchase warrants: Weighted Average Number of Exercise Price Warrants $ Balance, May 31, 2014 – – Issued 150,000 0.50 Balance, May 31, 2015 and August 31, 2015 150,000 0.50 As at August 31, 2015, the following share purchase warrants were outstanding: Exercise Price Weighted Average Number of Warrants $ Expiry Date Remaining Life (years) 50,000 0.50 September 17, 2017 2.05 100,000 0.50 September 18, 2017 2.05 150,000 2.05

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Aug. 31, 2015
COMMITMENTS AND CONTINGENCIES [Text Block]	NOTE 7 – COMMITMENTS AND CONTINGENCIES The Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Aug. 31, 2015
SUBSEQUENT EVENTS [Text Block]	NOTE 8 – SUBSEQUENT EVENTS On September 11, 2015, the company issued 20,000 shares of stock at $0.30 per share for cash proceeds of $6,000. In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to August 31, 2015 to the date these financial statements were issued.

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Aug. 31, 2015
Basis of Presentation [Policy Text Block]	Basis of Presentation
Accounting Basis [Policy Text Block]	Accounting Basis
Cash and Cash Equivalents [Policy Text Block]	Cash and Cash Equivalents
Fair Value of Financial Instruments [Policy Text Block]	Fair Value of Financial Instruments
Income Taxes [Policy Text Block]	Income Taxes
Use of Estimates [Policy Text Block]	Use of Estimates
Revenue Recognition [Policy Text Block]	Revenue Recognition
Stock-based Compensation [Policy Text Block]	Stock-Based Compensation
Basic Income (Loss) Per Share [Policy Text Block]	Basic Income (Loss) Per Share
Comprehensive Income [Policy Text Block]	Comprehensive Income

WARRANTS (Tables)

WARRANTS (Tables)	3 Months Ended
	Aug. 31, 2015
Schedule of Share Purchase Warrants, Activity [Table Text Block]	Weighted Average Number of Exercise Price Warrants $ Balance, May 31, 2014 – – Issued 150,000 0.50 Balance, May 31, 2015 and August 31, 2015 150,000 0.50
Schedule of Purchase Warrants Outstanding [Table Text Block]	Exercise Price Weighted Average Number of Warrants $ Expiry Date Remaining Life (years) 50,000 0.50 September 17, 2017 2.05 100,000 0.50 September 18, 2017 2.05 150,000 2.05

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	3 Months Ended
	Aug. 31, 2015USD ($)
Summary Of Significant Accounting Policies 1	$ 1,749

LOAN FROM DIRECTOR (Narrative)

LOAN FROM DIRECTOR (Narrative) (Details)	3 Months Ended
	Aug. 31, 2015USD ($)
Loan From Director 1	$ 10,214
Loan From Director 2	1,317
Loan From Director 3	$ 8,891

COMMON STOCK (Narrative) (Detai

COMMON STOCK (Narrative) (Details)	3 Months Ended
	Aug. 31, 2015USD ($)$ / sharesshares
Common Stock 1	525,000,000
Common Stock 2 | $	$ 0.001
Common Stock 3 | shares	3,000,000
Common Stock 4 | $	$ 3,000
Common Stock 5	$ 0.001
Common Stock 6	1
Common Stock 7 | shares	250,000
Common Stock 8 | $	$ 25,000
Common Stock 9	$ 0.02
Common Stock 10	7
Common Stock 11	1
Common Stock 12	4,250,000
Common Stock 13 | shares	29,750,000
Common Stock 14 | $	$ 0.001
Common Stock 15 | shares	50,000
Common Stock 16 | $	$ 15,000
Common Stock 17	$ 0.30
Common Stock 18	0.50
Common Stock 19	$ 0.50
Common Stock 20 | shares	100,000
Common Stock 21 | $	$ 30,000
Common Stock 22	$ 0.30
Common Stock 23	0.50
Common Stock 24	$ 0.50
Common Stock 25 | shares	29,900,000

SUBSEQUENT EVENTS (Narrative) (

SUBSEQUENT EVENTS (Narrative) (Details)	3 Months Ended
	Aug. 31, 2015USD ($)$ / sharesshares
Subsequent Events 1 | shares	20,000
Subsequent Events 2	$ 0.30
Subsequent Events 3 | $	$ 6,000

Schedule of Share Purchase Warr

Schedule of Share Purchase Warrants, Activity (Details)	3 Months Ended
	Aug. 31, 2015USD ($)
Warrants Schedule Of Share Purchase Warrants, Activity 1	$ 0
Warrants Schedule Of Share Purchase Warrants, Activity 2	0
Warrants Schedule Of Share Purchase Warrants, Activity 3	$ 150,000
Warrants Schedule Of Share Purchase Warrants, Activity 4	0.50
Warrants Schedule Of Share Purchase Warrants, Activity 5	$ 150,000
Warrants Schedule Of Share Purchase Warrants, Activity 6	0.50

Schedule of Purchase Warrants O

Schedule of Purchase Warrants Outstanding (Details)	3 Months Ended
	Aug. 31, 2015USD ($)
Warrants Schedule Of Purchase Warrants Outstanding 1	$ 50,000
Warrants Schedule Of Purchase Warrants Outstanding 2	0.50
Warrants Schedule Of Purchase Warrants Outstanding 3	2.05
Warrants Schedule Of Purchase Warrants Outstanding 4	$ 100,000
Warrants Schedule Of Purchase Warrants Outstanding 5	0.50
Warrants Schedule Of Purchase Warrants Outstanding 6	2.05
Warrants Schedule Of Purchase Warrants Outstanding 7	$ 150,000
Warrants Schedule Of Purchase Warrants Outstanding 8	2.05