| Document and Entity Information - shares | 9 Months Ended | |
| Aug. 31, 2015 | Oct. 15, 2015 | |
| Document and Entity Information | ||
| Entity Registrant Name | Q BIOMED INC. | |
| Document Type | 10-Q | |
| Document Period End Date | Aug. 31, 2015 | |
| Amendment Flag | false | |
| Entity Central Index Key | 1,596,062 | |
| Current Fiscal Year End Date | --11-30 | |
| Entity Common Stock, Shares Outstanding | 8,375,000 | |
| Entity Filer Category | Smaller Reporting Company | |
| Entity Current Reporting Status | Yes | |
| Entity Voluntary Filers | No | |
| Entity Well-known Seasoned Issuer | No | |
| Document Fiscal Year Focus | 2,015 | |
| Document Fiscal Period Focus | Q3 | |
| Trading Symbol | QBIO |
| Condensed Balance Sheets (unaudited) - USD ($) | Aug. 31, 2015 | Nov. 30, 2014 |
| Current assets: | ||
| Cash and cash equivalents | $ 100 | $ 12,649 |
| Total current assets | 100 | 12,649 |
| Total assets | 100 | 12,649 |
| Current liabilities: | ||
| Accounts payable | 1,683 | 1,199 |
| Total current liabilities | 1,683 | 1,199 |
| Total liabilities | $ 1,683 | $ 1,199 |
| Stockholders' equity (deficit): | ||
| Preferred stock value | ||
| Common stock value | $ 8,375 | $ 8,125 |
| Additional paid-in capital | 78,801 | 46,750 |
| Accumulated deficit | (88,759) | (43,425) |
| Total stockholders' equity (deficit) | (1,583) | 11,450 |
| Total liabilities and stockholders’ equity (deficit) | $ 100 | $ 12,649 |
| Condensed Balance Sheets (Parenthetical) - $ / shares | Aug. 31, 2015 | Nov. 30, 2014 |
| Statement of Financial Position [Abstract] | ||
| Preferred stock, par value | $ 0.001 | $ 0.001 |
| Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
| Common stock, par value | $ 0.001 | $ 0.001 |
| Common stock, shares authorized | 100,000,000 | 100,000,000 |
| Common stock, shares issued | 8,375,000 | 8,125,000 |
| Common stock, shares outstanding | 8,375,000 | 8,125,000 |
| Condensed Statements of Operations (unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
| Aug. 31, 2015 | Aug. 31, 2014 | Aug. 31, 2015 | Aug. 31, 2014 | |
| Income Statement [Abstract] | ||||
| Revenue | ||||
| Expenses: | ||||
| General and administrative expenses | $ 5,285 | $ 3,118 | $ 8,684 | $ 6,057 |
| Professional fees | 27,917 | 3,000 | 36,500 | 12,500 |
| Total expenses | 33,202 | 6,118 | 45,184 | 18,557 |
| Operating loss | (33,202) | (6,118) | (45,184) | (18,557) |
| Net loss | $ (33,202) | $ (6,118) | $ (45,184) | $ (18,557) |
| Net loss per share - basic | $ 0 | $ 0 | $ 0 | $ 0 |
| Weighted average number of common shares outstanding - basic | 9,801,630 | 7,547,554 | 9,062,044 | 5,855,383 |
| Condensed Statements of Cash Flows (unaudited) - USD ($) | 9 Months Ended | |
| Aug. 31, 2015 | Aug. 31, 2014 | |
| Operating activities | ||
| Net loss | $ (45,184) | $ (18,557) |
| Adjustments to reconcile net loss to net cash used by operating activities: | ||
| Shares issued for prepaid services - related party | 32,000 | |
| Changes in operating assets and liabilities: | ||
| Increase (decrease) in accounts payable | 484 | |
| Net cash used by operating activities | (12,700) | $ (18,557) |
| Financing activities | ||
| Donated capital | $ 151 | |
| Issuances of common stock | $ 25,000 | |
| Net cash provided by financing activities | 25,000 | |
| Net increase (decrease) in cash | $ (12,549) | 6,443 |
| Cash - beginning of the period | 12,649 | 25,000 |
| Cash - ending of the period | $ 100 | $ 31,443 |
| SUPPLEMENTAL INFORMATION: | ||
| Interest paid | ||
| Income taxes paid | ||
| Description of Business | 9 Months Ended |
| Aug. 31, 2015 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Description of Business | Note 1 Description of Business Q BioMed Inc. is a biomedical acceleration and development company focused on licensing, acquiring and providing strategic resources to life sciences and healthcare companies. Q BioMed intends to mitigate risk by acquiring multiple assets over time and across a broad spectrum of healthcare related products, companies and sectors. These assets will be developed to provide returns via organic growth, out-licensing, sale or be spun out into new public companies. |
| Significant accounting policies and procedures | 9 Months Ended |
| Aug. 31, 2015 | |
| Disclosure Text Block [Abstract] | |
| Accounting Policies and Procedures | Note 2 Significant accounting policies and procedures Stock Dividend On August 5, 2015, the Company recorded a stock split effectuated in the form a stock dividend. The stock dividend was paid at a rate of 1.5 new shares for every one issued and outstanding share held. All references to share and per share amounts in the condensed financial statements and accompanying notes have been retroactively restated to reflect the stock dividend paid as a stock split. 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 condensed interim financial statements be read in conjunction with the financial statements of the Company for the year ended November 30, 2014 and notes thereto included in the Companys annual report on Form 10-K. 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. 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 from those estimates. Going Concern The Companys financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company had an accumulated deficit of $88,759 as of August 31, 2015. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. The Company is contemplating conducting an offering of its debt or equity securities to obtain additional operating capital. The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing. There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. 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. Significant accounting policies There have been no significant changes to the Companys significant accounting policies as described in the Companys 10-K issued February 27, 2015 |
| Commitments | 9 Months Ended |
| Aug. 31, 2015 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments | Note 3 Commitments On April 21, 2015, the Company entered into an Advisory Agreement, with a related party individual. In connection with this Advisory Agreement, the Company will be obligated to pay a monthly retainer of $10,000 per month following the completion of a minimum aggregate capital raise of $1,000,000. The Advisory Agreement has a term of two years, is automatically renewable without notice for additional two-year periods and may be terminated by either party with 90 days notice, provided that if the Company terminates the Advisory Agreement without cause prior to the end of the first two-year period, the Company will be liable for all compensation due in that two year period. On June 1, 2015, the Company entered into a retainer agreement with a law firm, at which a director of the Company is a partner, pursuant to which the Company will be obligated to pay a monthly retainer of $5,000 per month following the completion of a minimum aggregate capital raise of $1,000,000. The Retainer Agreement has a term of one year. On June 1, 2015, the Company entered into an Advisory Agreement, pursuant to which the Company will be obligated to pay a monthly retainer of $5,000 per month following the completion of a minimum aggregate capital raise of $1,000,000. The Advisory Agreement has a term of one year, is automatically renewable without notice for additional one-year periods and may be terminated by either party with 90 days notice, provided that if the Company terminates the Advisory Agreement without cause prior to the end of the first one-year period, the Company will be liable for all compensation due in that one year period. |
| Stockholders' Equity | 9 Months Ended |
| Aug. 31, 2015 | |
| Disclosure Text Block [Abstract] | |
| Stockholders' Equity | Note 4 Stockholders equity The Company is authorized to issue up to 100,000,000 shares of its $0.001 par value common stock and up to 100,000,000 shares of its $0.001 par value preferred stock. 2.5 for 1 Stock Split effected as stock dividend On August 5, 2015, the Company recorded a stock split effectuated in the form a stock dividend. The stock dividend was paid at a rate of 1.5 new shares for every one issued and outstanding share held. All references to share and per share amounts in the condensed financial statements and accompanying notes have been retroactively restated to reflect the stock dividend paid as a stock split. Share based compensation In connection with the aforementioned agreements in note 3, on April 21, 2015, the Company issued 2,500,000 shares of its common stock for services estimated to be valued at $20,000. On June 1, 2015, the Company issued 500,000 shares of its common stock for services estimated to be valued at $4,000. On June 1, 2015, the Company issued 625,000 shares of its common stock for services estimated to be valued at $5,000. In addition, on June 1, 2015, the Company entered into a separate board of directors agreement, pursuant to which the Company issued 375,000 shares of its common stock for services estimated to be valued at $3,000. The aggregate value of $32,000 was recorded as share based compensation in the statement of operations. Cancellation of Shares On July 6, 2015, the founder and former officer and director of the Company returned 3,750,000 shares of common stock to the Company for cancellation. |
| Subsequent Events | 9 Months Ended |
| Aug. 31, 2015 | |
| Disclosure Text Block [Abstract] | |
| Subsequent Events | Note 5 Subsequent Events On September 21, 2015, the Company announced it has entered into a Letter-Of-Intent to exclusively in-license and ultimately acquire the assets of Mannin Research Inc. Definitive agreements are expected to be completed by the end of October 2015. On September 17, 2015, the Company entered into an advisory agreement with Wombat Capital Ltd. (Wombat) whereby Wombat will: (a) advise and assist the Company in seeking corporate development opportunities; (b) advise and assist the Company in the identification and evaluation of potential assets to be acquired; (c) advise and assist the Company in the negotiation to acquire and/or license potential assets; and (d) advise and assist the Company on the development of specific assets of the Company (collectively, the Wombat Services). In exchange for the Wombat Services, the Company issued 100,000 cashless warrants to purchase 100,000 shares of Company common stock for five years at a price of $2.18 per share. The aforementioned warrants vest in 25,000 warrant increments for each consecutive 90-day period. |
| Significant accounting policies and procedures (Policies) | 9 Months Ended |
| Aug. 31, 2015 | |
| Disclosure Text Block [Abstract] | |
| Stock Dividend | Stock Dividend On August 5, 2015, the Company recorded a stock split effectuated in the form a stock dividend. The stock dividend was paid at a rate of 1.5 new shares for every one issued and outstanding share held. All references to share and per share amounts in the condensed financial statements and accompanying notes have been retroactively restated to reflect the stock dividend paid as a stock split. |
| 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 condensed interim financial statements be read in conjunction with the financial statements of the Company for the year ended November 30, 2014 and notes thereto included in the Companys annual report on Form 10-K. 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. |
| 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 from those estimates. |
| Going Concern | Going Concern The Companys financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company had an accumulated deficit of $88,759 as of August 31, 2015. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. The Company is contemplating conducting an offering of its debt or equity securities to obtain additional operating capital. The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing. There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. 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. |
| Significant accounting policies | Significant accounting policies There have been no significant changes to the Companys significant accounting policies as described in the Companys 10-K issued February 27, 2015 |
