Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Jun. 30, 2015 | |
Document And Entity Information | ||
Entity Registrant Name | Spirit International, Inc. | |
Entity Central Index Key | 1,610,607 | |
Document Type | 10-K | |
Document Period End Date | Dec. 31, 2015 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Public Float | $ 0 | |
Entity Common Stock, Shares Outstanding | 5,000,000 | |
Document Fiscal Period Focus | FY | |
Document Fiscal Year Focus | 2,015 |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2015 | Dec. 31, 2014 |
Current Assets: | ||
Cash and cash equivalents | $ 1,441 | $ 2,410 |
Accounts receivables | 500 | |
TOTAL ASSETS | $ 1,441 | 2,910 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 4,000 | 2,407 |
Loan from related party | $ 23,497 | 7,413 |
Other payables | 75,000 | |
Total liabilities | $ 27,497 | 84,820 |
Stockholder's Deficit | ||
Common stock, $0.0001 par value, 75,000,000 shares authorized; 5,000,000 shares issued and outstanding as of December 31, 2015 and 2014 | 500 | 500 |
Accumulated deficit | (26,556) | (82,410) |
Total Stockholder's Deficit | (26,056) | (81,910) |
TOTAL LIABILITIES AND STOCKHOLDER’S DEFICIT | $ 1,441 | $ 2,910 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2015 | Dec. 31, 2014 |
Statement of Financial Position [Abstract] | ||
Common stock par value | $ 0.0001 | $ 0.0001 |
Common stock shares authorized | 75,000,000 | 75,000,000 |
Common stock shares issued | 5,000,000 | 5,000,000 |
Common stock shares issued outstanding | 5,000,000 | 5,000,000 |
Statement of Operations
Statement of Operations - USD ($) | 10 Months Ended | 12 Months Ended |
Dec. 31, 2014 | Dec. 31, 2015 | |
Revenue | ||
Marketing | $ 2,500 | |
Sales | 500 | |
Total revenue | 3,000 | |
General and administrative expenses : | ||
- Filing fees | 1,661 | $ 4,167 |
- Other costs | 150 | 479 |
- Professional fees:- | ||
Auditor's fees | 6,000 | 10,000 |
Legal fees | 2,000 | $ 4,500 |
Setup costs | 599 | |
Total operating expenses | (10,410) | $ (19,146) |
Loss from operations | (7,410) | $ (19,146) |
Other income (expenses): | ||
Impairment of intangible asset | $ (75,000) | |
Gain on forgiveness of debt | $ 75,000 | |
Net income/(loss) | $ (82,410) | $ 55,854 |
Earnings/(loss) per share - basic and diluted: | ||
Net earnings (loss) per share attributable to common stockholders | $ (0.02) | $ 0.01 |
Weighted average number of common shares outstanding | 5,000,000 | 5,000,000 |
Statement of Stockholder_s Defi
Statement of Stockholder’s Deficit - USD ($) | Common Stock [Member] | Accumulated Deficit [Member] | Total |
Balance at Mar. 09, 2014 | |||
Balance,shares at Mar. 09, 2014 | |||
Common stock issued for cash at $0.0001 per share | $ 500 | $ 500 | |
Common stock issued for cash at $0.0001 per share,shares | 5,000,000 | ||
Loss for the period | $ (82,410) | (82,410) | |
Balance at Dec. 31, 2014 | $ 500 | (82,410) | (81,910) |
Balance,shares at Dec. 31, 2014 | 5,000,000 | ||
Income for the year | 55,854 | 55,854 | |
Balance at Dec. 31, 2015 | $ 500 | $ (26,556) | $ (26,056) |
Balance,shares at Dec. 31, 2015 | 5,000,000 |
Statement of Stockholder_s Def6
Statement of Stockholder’s Deficit (Parenthetical) | 10 Months Ended |
Dec. 31, 2014$ / shares | |
Statement of Stockholders' Equity [Abstract] | |
Common stock issued par share | $ 0.0001 |
Statement of Cash Flows
Statement of Cash Flows - USD ($) | 10 Months Ended | 12 Months Ended |
Dec. 31, 2014 | Dec. 31, 2015 | |
Cash Flows from Operating Activities | ||
Net income / (loss) | $ (82,410) | $ 55,854 |
Reconciliation of net loss to net cash used in operating activities: | ||
Impairment of intangible asset | 75,000 | |
Gain on forgiveness of debt | $ (75,000) | |
Changes in operating assets and liabilities: | ||
Accounts receivables | (500) | 500 |
Accounts payable and accrued expenses | 2,407 | 1,593 |
Net cash used in operating activities | $ (5,503) | $ (17,053) |
Cash Flows from Investing Activities | ||
Cash Flows from Financing Activities | ||
Proceeds from issuance of common stock | $ 500 | |
Proceeds from related party loan | 7,413 | $ 16,084 |
Net cash provided by financing activities | 7,913 | 16,084 |
(Decrease)/increase in cash and cash equivalents | $ 2,410 | (969) |
Cash and cash equivalents at beginning of the period | 2,410 | |
Cash and cash equivalents at end of the period | $ 2,410 | $ 1,441 |
Nature of Business and Basis of
Nature of Business and Basis of Presentation | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Nature of Business and Basis of Presentation | NOTE 1 NATURE OF BUSINESS AND BASIS OF PRESENTATION Business Spirit International, Inc. (the Company) is a Nevada Corporation incorporated on March 10, 2014. The Company plans to market a unique brand of Australian whiskey for export to Western Europe and the Middle East. Basis of Presentation The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP). These financial statements are presented in US dollars. Fiscal Year End The Corporation has adopted a fiscal year end of December 31. |
Going Concern
Going Concern | 12 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
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 realization of assets and the liquidation of liabilities in the normal course of business. As at December 31, 2015 the Company has an accumulated deficit from operations of $26,556 and has not earned any revenues to cover operating costs and has a working capital deficit of $26,056. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending December 31, 2016. The Company will engage in very limited activities without incurring any liabilities that must be satisfied in cash until a source of funding is secured. The Company will offer non-cash consideration as a means of financing its operations. If the Company is unable to obtain revenue-producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations. These factors, among others, raise substantial doubt about the Companys ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The principal accounting policies are set out below, these policies have been consistently applied to the period presented, unless otherwise stated: Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 or revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and cash equivalents Cash and equivalents include investments with initial maturities of three months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. Intangible Assets Identifiable intangible assets with indefinite lives are not amortized, but instead are tested for impairment annually, or more frequently if circumstances indicate a possible impairment may exist. Intangible assets with estimable useful lives are amortized over their respective estimated useful lives, generally on a straight-line basis, and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment of Long-Lived Assets Under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 310, Accounting for the Impairment or Disposal of Long-lived Assets, the Company periodically reviews whether changes have occurred that would require revisions to the carrying amounts of its definite lived, long-lived assets. When the sum of the expected future cash flows is less than the carrying amount of the asset, an impairment loss is recognized based on the fair value of the asset. Property, Plant and Equipment The Company does not own any property, plant and equipment. Intellectual Properties The Company has adopted the provisions of ASC 350-50, Website Development Costs. All costs incurred during the planning phase of a website are expensed as research and development. Costs incurred in the development stage, including the purchase of a domain name, are capitalized and reviewed annually for impairment. Expenses subsequent to the launch will be expensed as research and development expenses. The Company will expense upgrades and revisions to its website as incurred. Once the website is available for use, the asset will be amortized over its useful life on a straight line basis, estimated to be 3 years, and is tested for impairment annually. Accounts payable and accrued expenses Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services. Revenue Recognition The Company recognizes revenue when all of the following have occurred: persuasive evidence of an agreement with the customer exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable and collectability of the selling price is reasonably assured. The Company recognizes revenues when title has passed to the customer, which is generally when products are shipped. Cost of Sales Cost of sales consists of the cost of merchandise sold to customers. Royalty Expense The Company recognizes royalties expenses according to its license and distribution agreement with New World Distilleries (Pty) Ltd. Royalties are based on 2% of the net profits of any business made throughout Europe and the Middle East on the Blue Harbour Whiskey Brand. Royalties are expensed in the statements of operation in the period that the related revenues are recognized, in cost of goods sold. Income taxes Income taxes are accounted for in accordance with ASC Topic 740, Income Taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. Earnings per share The Company computes net loss per share in accordance with ASC 260, Earnings Per Share ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares. As at December 31, 2015 the Company had no potentially dilutive shares. Recently Issued Accounting Pronouncements In July 2015, the Financial Accounting Standards Board (FASB) issued ASU No. 2015-11 Simplifying the Measurement of Inventory; guidance which requires inventory within the scope of the standard to be measured at the lower of cost and net realizable value. Previous guidance required inventory to be measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2016, with early adoption permitted. There were various other updates recently issued, none of which are expected to a have a material impact on the Companys financial position, results of operations or cash flows. |
Loan from Related Party
Loan from Related Party | 12 Months Ended |
Dec. 31, 2015 | |
Notes to Financial Statements | |
Loan from Related Party | NOTE 4 LOAN FROM RELATED PARTY December 31, 2015 December 31, 2014 $ $ Loans from related party 23,497 7,413 The above loan is unsecured, bears no interest and has no set terms of repayment. This loan is repayable on demand. |
Other Payables
Other Payables | 12 Months Ended |
Dec. 31, 2015 | |
Other Liabilities Disclosure [Abstract] | |
Other Payables | NOTE 5 OTHER PAYABLES December 31, 2015 December 31, 2014 $ $ New World Whiskey Distilleries (Pty) Ltd - License and Distribution Agreement - 75,000 The above payable arose from the acquisition of a License Agreement purchased from New World Whiskey Distillery (Pty) Ltd (an Australian corporation) to sell and distribute Blue Harbour Whiskey in the Middle East and Europe. The payable was unsecured, bore no interest and was repayable on or before July 1st, 2015. As part of the agreement, the Company will pay 2% of any net business profits earned under this license agreement, which would be deducted from the outstanding balance owing. During 2015, due to the decline in forecasted revenue related to the Licence and Distribution agreement, New World Whiskey Distilleries agreed to write off amounts owing to them which resulted in a gain from debt forgiveness of $75,000. |
Stockholder_s Deficit
Stockholder’s Deficit | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Stockholder’s Deficit | NOTE 6 STOCKHOLDERS DEFICIT Common Stock On October 11, 2014, the Company issued 5,000,000 shares of common stock to the director of the Company at a price of $0.0001 per share, for $500 cash. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 7 INCOME TAXES December 31, 2015 December 31, 2014 $ $ Deferred tax assets: Net operating loss before non-deductible items 55,854 (82,410 ) (Less)/Add: non-deductible (income) / loss (75,000 ) 75,000 Net operating loss after non-deductible items (19,146 ) (7,410 ) Tax rate 15 % 15 % Total deferred tax assets 2,872 1,112 Less: Valuation allowance (2,872 ) (1,112 ) Net deferred tax assets - - |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 8 RELATED PARTY TRANSACTIONS Details of transactions between the Corporation and related parties are disclosed below. The following entities have been identified as related parties : Zur Dadon - Director and greater than 10% stockholder The following transactions were carried out with related parties: December 31, 2015 December 31, 2014 $ $ Balance sheet: Loan from related party - Director 23,497 7,413 From time to time, the president and stockholder of the Company provides advances to the Company for its working capital purposes. These advances bear no interest and are due on demand. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 9 SUBSEQUENT EVENTS In accordance with ASC 855-10, Company management reviewed all material events through the date of this report and determined that there are no additional material subsequent events to report. |
Summary of Significant Accoun17
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 or revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Cash and Cash Equivalents | Cash and cash equivalents Cash and equivalents include investments with initial maturities of three months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. |
Intangible Assets | Intangible Assets Identifiable intangible assets with indefinite lives are not amortized, but instead are tested for impairment annually, or more frequently if circumstances indicate a possible impairment may exist. Intangible assets with estimable useful lives are amortized over their respective estimated useful lives, generally on a straight-line basis, and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. |
Impairment of Long-lived Assets | Impairment of Long-Lived Assets Under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 310, Accounting for the Impairment or Disposal of Long-lived Assets, the Company periodically reviews whether changes have occurred that would require revisions to the carrying amounts of its definite lived, long-lived assets. When the sum of the expected future cash flows is less than the carrying amount of the asset, an impairment loss is recognized based on the fair value of the asset. |
Property, Plant and Equipment | Property, Plant and Equipment The Company does not own any property, plant and equipment. |
Intellectual Properties | Intellectual Properties The Company has adopted the provisions of ASC 350-50, Website Development Costs. All costs incurred during the planning phase of a website are expensed as research and development. Costs incurred in the development stage, including the purchase of a domain name, are capitalized and reviewed annually for impairment. Expenses subsequent to the launch will be expensed as research and development expenses. The Company will expense upgrades and revisions to its website as incurred. Once the website is available for use, the asset will be amortized over its useful life on a straight line basis, estimated to be 3 years, and is tested for impairment annually. |
Accounts Payable and Accrued Expenses | Accounts payable and accrued expenses Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services. |
Revenue Recognition | Revenue Recognition The Company recognizes revenue when all of the following have occurred: persuasive evidence of an agreement with the customer exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable and collectability of the selling price is reasonably assured. The Company recognizes revenues when title has passed to the customer, which is generally when products are shipped. |
Cost of Sales | Cost of Sales Cost of sales consists of the cost of merchandise sold to customers. |
Royalty Expense | Royalty Expense The Company recognizes royalties expenses according to its license and distribution agreement with New World Distilleries (Pty) Ltd. Royalties are based on 2% of the net profits of any business made throughout Europe and the Middle East on the Blue Harbour Whiskey Brand. Royalties are expensed in the statements of operation in the period that the related revenues are recognized, in cost of goods sold. |
Income Taxes | Income taxes Income taxes are accounted for in accordance with ASC Topic 740, Income Taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. |
Earnings Per Share | Earnings per share The Company computes net loss per share in accordance with ASC 260, Earnings Per Share ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares. As at December 31, 2015 the Company had no potentially dilutive shares. |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements In July 2015, the Financial Accounting Standards Board (FASB) issued ASU No. 2015-11 Simplifying the Measurement of Inventory; guidance which requires inventory within the scope of the standard to be measured at the lower of cost and net realizable value. Previous guidance required inventory to be measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2016, with early adoption permitted. There were various other updates recently issued, none of which are expected to a have a material impact on the Companys financial position, results of operations or cash flows. |
Loan from Related Party (Tables
Loan from Related Party (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Notes to Financial Statements | |
Schedule of Loan Due to Related Party | December 31, 2015 December 31, 2014 $ $ Loans from related party 23,497 7,413 The above loan is unsecured, bears no interest and has no set terms of repayment. This loan is repayable on demand. |
Other Payables (Tables)
Other Payables (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Payables and Accruals [Abstract] | |
Schedule of Other Current Liabilities | December 31, 2015 December 31, 2014 $ $ New World Whiskey Distilleries (Pty) Ltd - License and Distribution Agreement - 75,000 The above payable arose from the acquisition of a License Agreement purchased from New World Whiskey Distillery (Pty) Ltd (an Australian corporation) to sell and distribute Blue Harbour Whiskey in the Middle East and Europe. The payable was unsecured, bore no interest and was repayable on or before July 1st, 2015. As part of the agreement, the Company will pay 2% of any net business profits earned under this license agreement, which would be deducted from the outstanding balance owing. During 2015, due to the decline in forecasted revenue related to the Licence and Distribution agreement, New World Whiskey Distilleries agreed to write off amounts owing to them which resulted in a gain from debt forgiveness of $75,000. |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Schedule of Deferred Tax Assets and Liabilities | December 31, 2015 December 31, 2014 $ $ Deferred tax assets: Net operating loss before non-deductible items 55,854 (82,410 ) (Less)/Add: non-deductible (income) / loss (75,000 ) 75,000 Net operating loss after non-deductible items (19,146 ) (7,410 ) Tax rate 15 % 15 % Total deferred tax assets 2,872 1,112 Less: Valuation allowance (2,872 ) (1,112 ) Net deferred tax assets - - |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions | December 31, 2015 December 31, 2014 $ $ Balance sheet: Loan from related party - Director 23,497 7,413 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | Dec. 31, 2015 | Dec. 31, 2014 |
Going Concern Details Narrative | ||
Accumulated deficit | $ (26,556) | $ (82,410) |
Working capital deficit | $ 26,056 |
Summary of Significant Accoun23
Summary of Significant Accounting Policies (Details) | 12 Months Ended |
Dec. 31, 2015USD ($) | |
Summary Of Significant Accounting Policies Details | |
Federal Deposit Insurance Corporation | $ 250,000 |
Intellectual properties useful life on a straight line basis | 3 years |
Percentage of royalties based net profits | 2.00% |
Loan from Related Party - Sched
Loan from Related Party - Schedule of Loan Due to Related Party (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Loan From Related Party - Schedule Of Loan Due To Related Party Details | ||
Loans from related party | $ 23,497 | $ 7,413 |
Loan, description | The above loan is unsecured, bears no interest and has no set terms of repayment. This loan is repayable on demand. |
Other Payables - Schedule of Ot
Other Payables - Schedule of Other Current Liabilities (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Other Payables - Schedule Of Other Current Liabilities Details | ||
New World Whiskey Distilleries (Pty) Ltd - License and Distribution Agreement | $ 75,000 | |
Other payables | The above payable arose from the acquisition of a License Agreement purchased from New World Whiskey Distillery (Pty) Ltd (an Australian corporation) to sell and distribute Blue Harbour Whiskey in the Middle East and Europe. The payable was unsecured, bore no interest and was repayable on or before July 1st, 2015. As part of the agreement, the Company will pay 2% of any net business profits earned under this license agreement, which would be deducted from the outstanding balance owing. |
Other Payables - Schedule of 26
Other Payables - Schedule of Other Current Liabilities (Details) (Parenthetical) - USD ($) | Jul. 01, 2015 | Dec. 31, 2014 | Dec. 31, 2015 |
Other Payables - Schedule Of Other Current Liabilities Details | |||
Percentage of business profits pay under license agreement | 2.00% | ||
Gain from debt forgiveness | $ 75,000 | $ 75,000 |
Stockholder_s Deficit (Details
Stockholder’s Deficit (Details Narrative) - Director [Member] | Oct. 11, 2014USD ($)$ / sharesshares |
Number of shares issued for cash | shares | 5,000,000 |
Issued shares for cash, value | $ | $ 500 |
Price per share | $ / shares | $ 0.0001 |
Income Taxes - Schedule of Defe
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) | 10 Months Ended | 12 Months Ended |
Dec. 31, 2014 | Dec. 31, 2015 | |
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities Details | ||
Net operating loss before non-deductible items | $ (82,410) | $ 55,854 |
(Less)/Add: non-deductible (income) / loss | 75,000 | (75,000) |
Net operating loss after non-deductible items | $ (7,410) | $ (19,146) |
Tax rate | 15.00% | 15.00% |
Total deferred tax assets | $ 1,112 | $ 2,872 |
Less: Valuation allowance | $ (1,112) | $ (2,872) |
Net deferred tax assets |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) | 12 Months Ended |
Dec. 31, 2015 | |
Advances bear interest | |
Zur Dadon [Member] | |
Maximum percentage than stockholder | 10.00% |
Related Party Transactions - Sc
Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($) | Dec. 31, 2015 | Dec. 31, 2014 |
Loan from related party - Director | $ 23,497 | $ 7,413 |
Director [Member] | ||
Loan from related party - Director | $ 23,497 | $ 7,413 |