Twinlab Consolidated (TLCC) 10-Q 21 Apr 14 2013 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Feb. 28, 2014	Apr. 20, 2014
Document And Entity Information	'	'
Entity Registrant Name	'MIRROR ME, INC.	'
Entity Central Index Key	'0001590695	'
Document Type	'10-Q	'
Document Period End Date	28-Feb-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--02-28	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	4,000,000
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2013	'

Balance_Sheets_Unaudited

Balance Sheets (Unaudited) (USD $)	Feb. 28, 2014	Nov. 30, 2013
Current assets:	'	'
Cash	$573	$890
Prepaid expenses	'	4,600
Total current assets	573	5,490
Total assets	573	5,490
Current liabilities:	'	'
Accounts payable	37,225	5,700
Total current liabilities	37,225	5,700
Long term liabilities:	'	'
Accrued interest payable - related party	107	3
Line of credit - related party	7,000	7,000
Total long term liabilities	7,107	7,003
Total liabilities	44,332	12,703
Stockholders' deficit:	'	'
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no and no shares issued and outstanding as of February 28, 2014 and November 30, 2013, respectively	'	'
Common stock, $0.001 par value, 100,000,000 shares authorized, 4,000,000 and 4,000,000 shares issued and outstanding as of February 28, 2014 and November 30, 2013, respectively	4,000	4,000
Deficit accumulated during development stage	-47,759	-11,213
Total stockholders' deficit	-43,759	-7,213
Total liabilities and stockholders' deficit	$573	$5,490

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Feb. 28, 2014	Nov. 30, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	4,000,000	4,000,000
Common stock, shares outstanding	4,000,000	4,000,000

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended	4 Months Ended
	Feb. 28, 2014	Feb. 28, 2014
Income Statement [Abstract]	'	'
Revenue	'	'
Operating expenses:	'	'
General and administrative	1,442	2,652
Professional fees	33,600	43,600
Research and development	1,400	1,400
Total operating expenses	36,442	47,652
Other expense:	'	'
Interest expense - related party	-104	-107
Total other expense	-104	-107
Net loss	($36,546)	($47,759)
Weighted average number of common shares outstanding - basic	4,000,000	'
Net loss per share - basic	($0.01)	'

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended	4 Months Ended
	Feb. 28, 2014	Feb. 28, 2014
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net loss	($36,546)	($47,759)
Changes in operating assets and liabilities:	'	'
Decrease in prepaid expenses	4,600	'
Increase in accounts payable	31,525	37,225
Increase in accrued interest payable - related party	104	107
Net cash used in operating activities	-317	-10,427
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Proceeds from line of credit	'	7,000
Proceeds for the sale of common stock	'	4,000
Net cash provided by financing activities	'	11,000
NET CHANGE IN CASH	-317	573
CASH AT BEGINNING OF PERIOD	890	'
CASH AT END OF PERIOD	573	573
SUPPLEMENTAL INFORMATION:	'	'
Interest paid	'	'
Income taxes paid	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Feb. 28, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of presentation
	The interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.
	These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the year ended November 30, 2013 and notes thereto included in the Company’s S-1 registration statement and all amendments. The Company follows the same accounting policies in the preparation of interim reports.
	Results of operations for the interim period are not indicative of annual results.
	Organization
	The Company was incorporated on October 24, 2013 (Date of Inception) under the laws of the State of Nevada, as Mirror Me, Inc.
	The Company has not commenced significant operations and, in accordance with ASC Topic 915, the Company is considered a development stage company.
	Nature of operations
	The Company will design and develop a mobile shopping tool application that will offer beauty product reviews, location-based coupons and platform for interaction with social networks specific to the products.
	Year end
	The Company’s year end is November 30.
	Cash and cash equivalents
	For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The carrying value of these investments approximates fair value.
	Revenue recognition
	We recognize revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable.
	The Company will record revenue when it is realizable and earned and the services have been rendered to the customers.
	Advertising costs
	Advertising costs are anticipated to be expensed as incurred; however there were no advertising costs included in general and administrative expenses for the three months ended February 28, 2014.
	Fair value of financial instruments
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of February 28, 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.
	Level 1: The preferred inputs to valuation efforts are “quoted prices in active markets for identical assets or liabilities,” with the caveat that the reporting entity must have access to that market. Information at this level is based on direct observations of transactions involving the same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets, actually trade in active markets.
	Level 2: FASB acknowledged that active markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations.
	Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as “unobservable,” and limits their use by saying they “shall be used to measure fair value to the extent that observable inputs are not available.” This category allows “for situations in which there is little, if any, market activity for the asset or liability at the measurement date”. Earlier in the standard, FASB explains that “observable inputs” are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.
	Stock-based compensation
	The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards.  This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.
	The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.
	Earnings per share
	The Company follows ASC Topic 260 to account for the earnings per share. Basic earning per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earning per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation.
	Use of estimates
	The preparation of financial statements in conformity with generally accepted accounting principles 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 financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.
	Recent pronouncements
	The Company has evaluated the recent accounting pronouncements through April 2014 and believes that none of them will have a material effect on the company’s financial statements.

GOING_CONCERN

GOING CONCERN	3 Months Ended
	Feb. 28, 2014
Notes to Financial Statements	'
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 the recoverability of assets and the satisfaction of liabilities in the normal course of business. As noted above, the Company is in the development stage and, accordingly, has not yet generated revenues from operations. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and incurring start up costs and expenses. As a result, the Company incurred accumulated net losses from Inception (October 24, 2013) through the period ended February 28, 2014 of ($47,759). In addition, the Company’s development activities since inception have been financially sustained through debt and equity financing.
	The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

PREPAID_EXPENSES

PREPAID EXPENSES	3 Months Ended
	Feb. 28, 2014
Notes to Financial Statements	'
PREPAID EXPENSES	'
	NOTE 3 – PREPAID EXPENSES
	As of November 30, 2013, the Company had prepaid expenses totaling $4,600. The prepaid expenses will be expensed on a straight line basis over the remaining life of the service period.
	During the three months ended February 28, 2014, the Company amortized the entire balance of prepaid expenses upon the completion of services rendered to the Company.

LINE_OF_CREDIT_RELATED_PARTY

LINE OF CREDIT b RELATED PARTY	3 Months Ended
	Feb. 28, 2014
Notes to Financial Statements	'
LINE OF CREDIT b RELATED PARTY	'
	NOTE 4 – LINE OF CREDIT – RELATED PARTY
	On November 27, 2013, the Company executed a revolving credit line with a related party for up to $20,000. The unsecured line of credit bears interest at 6% per annum with principal and interest due on November 27, 2015. As of February 28, 2014, an amount of $7,000 has been used for general corporate purposes with a remaining balance of $13,000 available. As of February 28, 2014, the balance of accrued interest was $107.
	Interest expense for the three months ended February 28, 2014 was $104.

STOCKHOLDERS_EQUITY

STOCKHOLDERSb EQUITY	3 Months Ended
	Feb. 28, 2014
Equity [Abstract]	'
STOCKHOLDERSb EQUITY	'
	NOTE 5 – STOCKHOLDERS’ EQUITY
	The Company is authorized to issue 100,000,000 shares of its $0.001 par value common stock and 10,000,000 shares of its $0.001 par value preferred stock.
	Common stock
	On November 26, 2013, the Company issued an officer and director of the Company 4,000,000 shares of its $0.001 par value common stock at a price of $0.001 per share for cash of $4,000.
	During the three months ended February 28, 2014, there have been no other issuances of common stock.

WARRANTS_AND_OPTIONS

WARRANTS AND OPTIONS	3 Months Ended
	Feb. 28, 2014
Notes to Financial Statements	'
WARRANTS AND OPTIONS	'
	NOTE 6 – WARRANTS AND OPTIONS
	As of February 28, 2014, there were no warrants or options outstanding to acquire any additional shares of common stock.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Feb. 28, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	NOTE 7 – SUBSEQUENT EVENTS
	The Company has evaluated subsequent events through the date the financial statements are issued and there are no material subsequent events to disclose.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Feb. 28, 2014
Accounting Policies [Abstract]	'
Basis of presentation	'
	Basis of presentation
	The interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.
	These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the year ended November 30, 2013 and notes thereto included in the Company’s S-1 registration statement and all amendments. The Company follows the same accounting policies in the preparation of interim reports.
	Results of operations for the interim period are not indicative of annual results.
Organization	'
	Organization
	The Company was incorporated on October 24, 2013 (Date of Inception) under the laws of the State of Nevada, as Mirror Me, Inc.
	The Company has not commenced significant operations and, in accordance with ASC Topic 915, the Company is considered a development stage company.
Nature of operations	'
	Nature of operations
	The Company will design and develop a mobile shopping tool application that will offer beauty product reviews, location-based coupons and platform for interaction with social networks specific to the products.
Year end	'
	Year end
	The Company’s year end is November 30.
	Cash and cash equivalents
	For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The carrying value of these investments approximates fair value.
Revenue recognition	'
	Revenue recognition
	We recognize revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable.
	The Company will record revenue when it is realizable and earned and the services have been rendered to the customers.
Advertising costs	'
	Advertising costs
	Advertising costs are anticipated to be expensed as incurred; however there were no advertising costs included in general and administrative expenses for the three months ended February 28, 2014.
Fair value of financial instruments	'
	Fair value of financial instruments
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of February 28, 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.
	Level 1: The preferred inputs to valuation efforts are “quoted prices in active markets for identical assets or liabilities,” with the caveat that the reporting entity must have access to that market. Information at this level is based on direct observations of transactions involving the same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets, actually trade in active markets.
	Level 2: FASB acknowledged that active markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations.
	Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as “unobservable,” and limits their use by saying they “shall be used to measure fair value to the extent that observable inputs are not available.” This category allows “for situations in which there is little, if any, market activity for the asset or liability at the measurement date”. Earlier in the standard, FASB explains that “observable inputs” are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.
Stock-based compensation	'
	Stock-based compensation
	The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards.  This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.
	The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.
Earnings per share	'
	Earnings per share
	The Company follows ASC Topic 260 to account for the earnings per share. Basic earning per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earning per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation.
Use of estimates	'
	Use of estimates
	The preparation of financial statements in conformity with generally accepted accounting principles 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 financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.
Recent pronouncements	'
	Recent pronouncements
	The Company has evaluated the recent accounting pronouncements through April 2014 and believes that none of them will have a material effect on the company’s financial statements.

GOING_CONCERN_Details_Narrativ

GOING CONCERN (Details Narrative) (USD $)	4 Months Ended
	Feb. 28, 2014
Notes to Financial Statements	'
Incurred accumulated net loss	($47,759)

PREPAID_EXPENSES_Details_Narra

PREPAID EXPENSES (Details Narrative) (USD $)	Sep. 30, 2013
Notes to Financial Statements	'
Prepaid expenses total	$4,600

LINE_OF_CREDIT_RELATED_PARTY_D

LINE OF CREDIT b RELATED PARTY (Details Narrative) (USD $)	3 Months Ended
	Feb. 28, 2014	Nov. 27, 2013
Notes to Financial Statements	'	'
Revolving credit line with a related party	'	$20,000
Bears interest	'	'6%
Amount of general corporate	7,000	'
Remaining balance of available	13,000	'
Accrued interest	107	'
Interest expense	$104	'

STOCKHOLDERS_EQUITY_Details_Na

STOCKHOLDERSb EQUITY (Details Narrative) (USD $)	Feb. 28, 2014	Nov. 26, 2013
Equity [Abstract]	'	'
Common stock authorized to shares	$100,000,000	'
Par value common stock	$0.00	$0.00
Preferred stock shares	10,000,000	'
Par value preferred stock	$0.00	'
Common stock shares	'	4,000,000
Common stock cash	'	$4,000