Love International (LOVV) 10-Q/A 22 Jan 15 2015 Q3 Quarterly report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Oct. 31, 2014	Dec. 15, 2014
Document And Entity Information [Abstract]
Entity Registrant Name	QUINTEC CORP
Entity Central Index Key	1605780
Current Fiscal Year End Date	-21
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		27,433,336
Document Type	10-Q/A
Document Period End Date	31-Oct-14
Amendment Flag	TRUE
Amendment Description	The purpose of this Amendment No. 1 to the Registrant's Quarterly Report on Form 10-Q for the quarterly period ended October 31, 2014 as originally filed with the Securities and Exchange Commission on December 16, 2014 is to update the subsequent events note to correct an omission in subsequent subscription agreements received.
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3

Condensed_Balance_Sheets

Condensed Balance Sheets (USD $)	Oct. 31, 2014	Jan. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$16,073	$9,608
Prepaid assets	95	545
Total current assets	16,168	10,153
PROPERTY AND EQUIPMENT
Property and equipment, net of $466 and $91 depreciation, respectively	951	1,326
Total assets	17,119	11,479
CURRENT LIABILITIES
Accounts payable and accrued liabilities	2,948
Due to related parties	767	767
Total current liabilities	3,715	767
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value, 150,000,000 shares authorized, 25,933,336 and 20,000,000 shares issued and outstanding, respectively	25,933	20,000
Common stock subscribed	1,500
Additional paid-in capital	14,867
Subscriptions receivable	-4,500
Accumulated deficit	-24,396	-9,288
TOTAL STOCKHOLDERS' EQUITY	13,404	10,712
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$17,119	$11,479

Condensed_Balance_Sheets_Paren

Condensed Balance Sheets (Parentheticals) (USD $)	Oct. 31, 2014	Jan. 31, 2014
Statement of Financial Position [Abstract]
Depreciation on property and equipment (in dollars)	$466	$91
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	25,933,336	20,000,000
Common stock, shares outstanding	25,933,336	20,000,000

Condensed_Statements_of_Operat

Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended	9 Months Ended
	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2014
Income Statement [Abstract]
REVENUES
EXPENSES
Depreciation expense	125			375
General and administrative	910	15	782	1,314
Legal and professional fees	7,344	1,000	1,000	13,419
Total Expenses	8,379	1,015	1,782	15,108
Loss before income taxes	-8,379	-1,015	-1,782	-15,108
Income tax provision
NET LOSS	($8,379)	($1,015)	($1,782)	($15,108)
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	$0	$0	$0	$0
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED (in shares)	22,215,018	20,000,000	8,876,712	20,741,054

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended	9 Months Ended
	Oct. 31, 2013	Oct. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	($1,782)	($15,108)
Changes in operating assets and liabilities:
Depreciation expense		375
Prepaid expenses		450
Accounts payable and accrued liabilities	767	2,948
Cash used in operating activities	-1,015	-11,335
CASH FLOWS FROM FINANCING ACTIVITIES
Common shares issued for cash	20,000	17,800
Cash provided by financing activities	20,000	17,800
Net change in cash	18,985	6,465
CASH, BEGINNING OF PERIOD		9,608
CASH, END OF PERIOD	18,985	16,073
SUPPLEMENTAL CASH FLOW DISCLOSURES
Interest paid
Income taxes paid

INCORPORATION_AND_CONTINUANCE_

INCORPORATION AND CONTINUANCE OF OPERATIONS	9 Months Ended
	Oct. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
INCORPORATION AND CONTINUANCE OF OPERATIONS	NOTE 1.           INCORPORATION AND CONTINUANCE OF OPERATIONS
	QUINTEC CORP. ("we", "us", "our" or the "Company") was formed on May 23, 2013, in Nevada.  We are engaged in the business of establishing kiosks that are equipped with a 3D printing machine, printing materials, and design files to be marketed and sold under the brand name "3D Xpress". We have not commenced our planned principal operations.  The Company's fiscal year end is January 31.
	These financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.  We have incurred operating losses and require additional funds to maintain our operations.  Management's plans in this regard are to raise equity financing as required.
	These conditions raise substantial doubt about our ability to continue as a going concern.  These financial statements do not include any adjustments that might result from this uncertainty.
	We have not generated any operating revenues to date.

SIGNIFICANT_ACCOUNTING_POLICIE

SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Oct. 31, 2014
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2.           SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	This summary of significant accounting policies is presented to assist in understanding the financial statements. The financial statements and notes are representations of the company's management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.
	Estimates and Assumptions
	The preparation of financial statements in accordance with accounting principles generally accepted in the United States of American requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions and could have a material effect on the Company's reported financial position and results of operations.
	Cash and Cash Equivalents
	For purposes of the statement of cash flows, cash and cash equivalents include cash and all debt securities with an original maturity of 90 days or less. As at October 31, 2014 and January 31, 2014, cash and cash equivalents consist of only cash.
	Long-Lived Assets
	In accordance with ASC 360, "Property, Plant and Equipment", the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value, which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.  No impairment loss was recognized during the period from inception on May 23, 2013 through October 31, 2014.
	Basic and Diluted Loss per Share
	Loss per share is computed using the weighted average number of shares outstanding during the period.  We have adopted ASC 260, "Earnings per Share".  Diluted loss per share for period ended October 31, 2014 is equivalent to basic loss per share as there was no potential dilutive equity instruments.
	Fair Value Measurements
	The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.
	The fair value hierarchy is defined into the following three categories:
	Level 1:	Quoted market prices in active markets for identical assets or liabilities
	Level 2:	Observable market-based inputs or inputs that are corroborated by market data
	Level 3:	Unobservable inputs that are not corroborated by market data
	Foreign Currency Transactions
	We are located and operating outside of the United States of America. We maintain our accounting records in U.S. Dollars.  At the transaction date, each asset, liability, revenue and expense is translated into U.S. dollars by the use of the exchange rate in effect at that date. At the period end, monetary assets and liabilities are re-measured by using the exchange rate in effect at that date. The resulting foreign exchange gains and losses are included in operations.
	Stock-Based Compensation
	The Company adopted ASC 718, Compensation – Stock-Based Compensation, to account for its stock options and similar equity instruments issued.  Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period.  ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid.  We did not grant any stock options since inception on May 23, 2013 through October 31, 2014.
	Income Taxes
	Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Income Taxes as of its inception. Pursuant to ASC 740 the Company is required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.
	Interim Financial Statements
	The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at October 31, 2014, and for all periods presented herein, have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's January 31, 2014 audited financial statements. The results of operations for the periods ended October 31, 2014 and 2013 are not necessarily indicative of the operating results for the full year.
	New Accounting Pronouncements
	The Company's management has considered all recent accounting pronouncements. Management believes that these recent pronouncements will not have a material effect on the Company's financial statements.

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Oct. 31, 2014
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 3.           PROPERTY AND EQUIPMENT
	Property and equipment is stated at cost.  Depreciation on property and equipment is computed using the diminishing balance method over the estimated useful lives of the assets.  The estimated useful lives of the assets are as follows:
	Assets	Estimated useful life
	Equipment	3Years
	Property and equipment consisted of the following as of October 31, 2014 and January 31, 2014:
			October 31,			January 31,
			2014			2014
	Equipment			1,417			1,417
	Accumulated depreciation			(466	)		(91	)
	Net property and equipment			951		$	1,326
	During the period ended October 31, 2014 and 2013, the Company incurred depreciation expense of $375 and $0, respectively.

DUE_TO_RELATED_PARTY

DUE TO RELATED PARTY	9 Months Ended
	Oct. 31, 2014
Related Party Transactions [Abstract]
DUE TO RELATED PARTY	NOTE 4.           DUE TO RELATED PARTY
	As at October 31, 2014, the Company owed its president and director $767 for incorporation fees he paid its behalf. The total amount is unsecured, non-interest bearing, and has no specific terms for repayment. As at October 31, 2014, the above noted $767 has been included in due to related parties.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Oct. 31, 2014
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	NOTE 5.       STOCKHOLDERS' EQUITY
	During the period ended October 31, 2014, the Company issued 5,933,336 shares of common stock for cash proceeds of $17,800. The Company also committed to issuing an additional $1,500,000 shares of common stock for additional cash proceeds of $4,500. These shares were issued upon full receipt of the cash proceeds subsequent to the period end (see Note 6).

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Oct. 31, 2014
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 6.               SUBSEQUENT EVENTS
	Subsequent to the date of this report the Company:
		issued 1,500,000 shares of its common stock to investors at a rate of $0.003 per share for a total amount raised of $4,500. These amounts were recorded as common stock subscribed on the face of the balance sheet as of October 31, 2014.
		entered into subscription agreements with 5 unaffiliated investors between December 5 and December 8, 2014 at a rate of $0.003 per share for total proceeds of $4,500 which were received in January 2015.
	The Company's public offering was closed on December 10, 2014 and no additional funds will be raised.

SIGNIFICANT_ACCOUNTING_POLICIE1

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Oct. 31, 2014
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
	This summary of significant accounting policies is presented to assist in understanding the financial statements. The financial statements and notes are representations of the company's management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.
Estimates and Assumptions	Estimates and Assumptions
	The preparation of financial statements in accordance with accounting principles generally accepted in the United States of American requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions and could have a material effect on the Company's reported financial position and results of operations.
Cash and Cash Equivalents	Cash and Cash Equivalents
	For purposes of the statement of cash flows, cash and cash equivalents include cash and all debt securities with an original maturity of 90 days or less. As at October 31, 2014 and January 31, 2014, cash and cash equivalents consist of only cash.
Long-Lived Assets	Long-Lived Assets
	In accordance with ASC 360, "Property, Plant and Equipment", the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value, which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.  No impairment loss was recognized during the period from inception on May 23, 2013 through October 31, 2014.
Basic and Diluted Loss per Share	Basic and Diluted Loss per Share
	Loss per share is computed using the weighted average number of shares outstanding during the period.  We have adopted ASC 260, "Earnings per Share".  Diluted loss per share for period ended October 31, 2014 is equivalent to basic loss per share as there was no potential dilutive equity instruments.
Fair Value Measurements	Fair Value Measurements
	The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.
	The fair value hierarchy is defined into the following three categories:
	Level 1:	Quoted market prices in active markets for identical assets or liabilities
	Level 2:	Observable market-based inputs or inputs that are corroborated by market data
	Level 3:	Unobservable inputs that are not corroborated by market data
Foreign Currency Transactions	Foreign Currency Transactions
	We are located and operating outside of the United States of America. We maintain our accounting records in U.S. Dollars.  At the transaction date, each asset, liability, revenue and expense is translated into U.S. dollars by the use of the exchange rate in effect at that date. At the period end, monetary assets and liabilities are re-measured by using the exchange rate in effect at that date. The resulting foreign exchange gains and losses are included in operations.
Stock-Based Compensation	Stock-Based Compensation
	The Company adopted ASC 718, Compensation – Stock-Based Compensation, to account for its stock options and similar equity instruments issued.  Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period.  ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid.  We did not grant any stock options since inception on May 23, 2013 through October 31, 2014.
Income Taxes	Income Taxes
	Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Income Taxes as of its inception. Pursuant to ASC 740 the Company is required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.
Interim Financial Statements	Interim Financial Statements
	The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at October 31, 2014, and for all periods presented herein, have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's January 31, 2014 audited financial statements. The results of operations for the periods ended October 31, 2014 and 2013 are not necessarily indicative of the operating results for the full year.
New Accounting Pronouncements	New Accounting Pronouncements
	The Company's management has considered all recent accounting pronouncements. Management believes that these recent pronouncements will not have a material effect on the Company's financial statements.

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Oct. 31, 2014
Property, Plant and Equipment [Abstract]
Schedule of estimated useful lives of assets	Assets	Estimated useful life
	Equipment	3Years
Schedule of property and equipment			October 31,			January 31,
			2014			2014
	Equipment			1,417			1,417
	Accumulated depreciation			(466	)		(91	)
	Net property and equipment			951		$	1,326

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT (Details) (Equipment)	9 Months Ended
	Oct. 31, 2014
Equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	3 years

PROPERTY_AND_EQUIPMENT_Details1

PROPERTY AND EQUIPMENT (Details 1) (USD $)	Oct. 31, 2014	Jan. 31, 2014
Property, Plant and Equipment [Abstract]
Equipment	$1,417	$1,417
Accumulated depreciation	-466	-91
Net property and equipment	$951	$1,326

PROPERTY_AND_EQUIPMENT_Detail_

PROPERTY AND EQUIPMENT (Detail Textuals) (USD $)	3 Months Ended	9 Months Ended
	Oct. 31, 2014	Oct. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense	$125	$375

DUE_TO_RELATED_PARTY_Detail_Te

DUE TO RELATED PARTY (Detail Textuals) (USD $)	Oct. 31, 2014	Jan. 31, 2014
Related Party Transactions [Abstract]
Due to president and director	$767	$767

STOCKHOLDERS_EQUITY_Detail_Tex

STOCKHOLDERS' EQUITY (Detail Textuals) (USD $)	6 Months Ended	9 Months Ended	1 Months Ended
	Oct. 31, 2013	Oct. 31, 2014	Dec. 10, 2014
Stockholders' Equity Note [Abstract]
Common shares issued for cash	$20,000	$17,800
Subsequent Event [Line Items]
Common shares issued for cash (in shares)		5,933,336
Subsequent event
Subsequent Event [Line Items]
Common shares issued for cash (in shares)			1,500,000
Amount raised from issuance of stock			$4,500

SUBSEQUENT_EVENTS_Detail_Textu

SUBSEQUENT EVENTS (Detail Textuals) (USD $)	9 Months Ended	1 Months Ended	0 Months Ended
	Oct. 31, 2014	Dec. 10, 2014	Dec. 08, 2014
			Unaffiliated_Investor
Subsequent Event [Line Items]
Common shares issued for cash (in shares)	5,933,336
Subsequent event
Subsequent Event [Line Items]
Common shares issued for cash (in shares)		1,500,000
Common stock issued, per share amount (in dollars per share)		$0.00
Amount raised from issuance of stock		$4,500
Subsequent event | Subscription agreements
Subsequent Event [Line Items]
Number of unaffiliated investor			5
Common stock issued, per share amount (in dollars per share)			$0.00
Amount raised from issuance of stock			$4,500