Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Aug. 31, 2016 | Oct. 20, 2016 | |
Document and Entity Information | ||
Entity Registrant Name | Baixo Relocation Services, Inc. | |
Document Type | 10-Q | |
Document Period End Date | Aug. 31, 2016 | |
Amendment Flag | false | |
Entity Central Index Key | 1,609,988 | |
Current Fiscal Year End Date | --02-28 | |
Entity Common Stock, Shares Outstanding | 8,000,000 | |
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 | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | Bxro |
Balance Sheets
Balance Sheets - USD ($) | Aug. 31, 2016 | Feb. 29, 2016 |
Current assets | ||
Cash | $ 32 | $ 15,473 |
Total current assets | 32 | 15,473 |
Total assets | 32 | 15,473 |
Current liabilities | ||
Accrued liabilities | 300 | 341 |
Total current liabilities | 300 | 341 |
Total liabilities | 300 | 341 |
STOCKHOLDERS’ (DEFICIENCY) EQUITY | ||
Common stock: $0.001 par value, 75,000,000 authorized, 8,000,000 issued and outstanding as of August 31, 2016 and February 29, 2016 respectively [Note 3] | 8,000 | 8,000 |
Additional paid-in capital | 62,000 | 62,000 |
Accumulated other comprehensive income | (205) | (205) |
Deficit accumulated | (70,063) | (54,663) |
Total stockholders’ (deficiency) equity | (268) | 15,132 |
Total liabilities and stockholders’ (deficiency) equity | $ 32 | $ 15,473 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Aug. 31, 2016 | Feb. 29, 2016 |
Balance Sheets Parenthetical | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 8,000,000 | 8,000,000 |
Common stock, shares outstanding | 8,000,000 | 8,000,000 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended | ||
Aug. 31, 2016 | Aug. 31, 2015 | Aug. 31, 2016 | Aug. 31, 2015 | |
Expenses | ||||
General and administrative | $ 1,204 | $ 1,175 | $ 5,688 | $ 3,313 |
Professional fees | 6,212 | 13,418 | 9,712 | 18,778 |
Net loss | $ (7,416) | $ (14,593) | $ (15,400) | $ (22,091) |
Net loss per share - basic and diluted | $ (0.001) | $ (0.002) | $ (0.002) | $ (0.003) |
Weighted average shares outstanding – basic and diluted | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 3 Months Ended | 6 Months Ended | ||
Aug. 31, 2016 | Aug. 31, 2015 | Aug. 31, 2016 | Aug. 31, 2015 | |
Cash flows from operating activities | ||||
Net loss | $ (7,416) | $ (14,593) | $ (15,400) | $ (22,091) |
Change in operating assets and liabilities | ||||
Accrued liabilities | (41) | (1,325) | ||
Net cash used in operating activities | (15,441) | (23,416) | ||
Change in cash | (15,441) | (23,416) | ||
Cash, beginning of period | 15,473 | 44,643 | ||
Cash, end of period | $ 32 | $ 21,227 | 32 | 21,227 |
Supplemental cash flow disclosures | ||||
Cash paid for Interest | ||||
Cash paid for Income tax |
Nature and Continuance of Opera
Nature and Continuance of Operations | 6 Months Ended |
Aug. 31, 2016 | |
Notes to Financial Statements | |
Note 1 - Nature and Continuance of Operations | Baixo Relocation Services, Inc. (the "Company") was incorporated in the state of Nevada on January 7, 2014 ("Inception"). The Company operates as a relocation service provider for clients moving to the State of Goa, India. The Company's corporate headquarters are located in Baixo, India and its fiscal year-end is February 28. |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Aug. 31, 2016 | |
Notes to Financial Statements | |
Note 2 - Basis of Presentation | Unaudited interim consolidated financial statements The unaudited interim consolidated financial statements include the accounts of Baixo Relocation Services, Inc and its wholly-owned Indian subsidiary, Baixo Relocation Services Private Limited. All significant intercompany balances and transactions have been eliminated upon consolidation. During the period ended August 31, 2016, the Company dissolved its wholly-owned subsidiary and therefore the balance sheet as at August 31, 2016 represents only the assets and liabilities of the Company. The accompanying unaudited consolidated interim financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q of Regulation S-X. They may not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the consolidated financial statements for the year ended February 29, 2016 included in the Companys annual report on Form 10-K filed with the Securities and Exchange Commission. These interim unaudited consolidated financial statements should be read in conjunction with those consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three and six months ended August 31, 2016 are not necessarily indicative of the results that may be expected for the year ending February 28, 2017. |
Capital Stock
Capital Stock | 6 Months Ended |
Aug. 31, 2016 | |
Notes to Financial Statements | |
Note 3 - Capital Stock | The total number of common shares authorized that may be issued by the Company is 75,000,000 shares with a par value of $0.001 per share. At August 31, 2016, there were 8,000,000 shares of common stock issued and outstanding (at February 29, 2016: 8,000,000 shares of common stock issued and outstanding). At August 31, 2016, there were no issued and outstanding stock options or warrants. |
Going Concern
Going Concern | 6 Months Ended |
Aug. 31, 2016 | |
Notes to Financial Statements | |
Note 4 - Going Concern | These consolidated financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $70,063 as at August 31, 2016 ($54,663 as at February 29, 2016) and further losses are anticipated in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. In addition to operational expenses, as the Company executes its business plan, it is incurring expenses related to complying with its public reporting requirements. In order to remain in business, the Company will need to raise capital in the next twelve months. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Aug. 31, 2016 | |
Notes to Financial Statements | |
Note 5 - Subsequent Events | The Companys management has evaluated subsequent event up to October 20, 2016, the date the financial statements were issued, pursuant to the requirements of ASC 855 and has determined the following material subsequent event: Effective October 3, 2016, Rosy Rodrigues, the majority shareholder, sole executive officer and member of the Board of Directors of the Company entered into certain stock purchase agreements with certain investors. In accordance with the terms and provisions of the Stock Purchase Agreements, Rodrigues sold and transferred at a per share price of $0.037 the control block of the Company consisting of 5,000,000 shares of restricted common stock and representing approximately 62.5% of the total issued and outstanding shares of common stock. This has resulted in a change of control. |
Recently Issued Accounting Pron
Recently Issued Accounting Pronouncements | 6 Months Ended |
Aug. 31, 2016 | |
Notes to Financial Statements | |
Note 6 - Recently Issued Accounting Pronouncements | The Company evaluated all recent accounting pronouncements issued and determined that the adoption of these pronouncements would not have a material effect on the financial position, results of operations or cash flows of the Company. |
Capital Stock (Details)
Capital Stock (Details) - $ / shares | Aug. 31, 2016 | Feb. 29, 2016 |
Capital Stock Details | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 8,000,000 | 8,000,000 |
Common stock, shares outstanding | 8,000,000 | 8,000,000 |
Going Concern (Details)
Going Concern (Details) - USD ($) | Aug. 31, 2016 | Feb. 29, 2016 |
Going Concern Details | ||
Accumulated deficit | $ 70,063 | $ 54,663 |