Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Feb. 28, 2015 | Jun. 29, 2015 | |
Document and Entity Information: | ||
Entity Registrant Name | CRYPTO-SERVICES, INC. | |
Entity Trading Symbol | CRYP | |
Document Type | 10-Q | |
Document Period End Date | Feb. 28, 2015 | |
Amendment Flag | false | |
Entity Central Index Key | 1,626,745 | |
Current Fiscal Year End Date | --08-31 | |
Entity Common Stock, Shares Outstanding | 5,000,000 | |
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 | 2,015 | |
Document Fiscal Period Focus | Q2 |
Balance Sheets
Balance Sheets - USD ($) | Feb. 28, 2015 | Aug. 31, 2014 |
Current Assets | ||
Cash | $ 31,945 | $ 50,000 |
Total Current Assets | 31,945 | 50,000 |
Current Liabilities | ||
Accrued liabilities | 3,000 | |
Due to related parties | 241 | 241 |
Total Current Liabilities | 3,241 | 241 |
Stockholders' Equity | ||
Common stock Authorized: 75,000,000 shares, par value $0.001 5,000,000 share issued and outstanding | 5,000 | 5,000 |
Additional paid-in capital | 45,000 | 45,000 |
Accumulated deficit | (21,296) | (241) |
Total Stockholders' Equity | 28,704 | 49,759 |
Total Liabilities and Stockholders' Equity | $ 31,945 | $ 50,000 |
Balance Sheets Parentheticals
Balance Sheets Parentheticals - $ / shares | Feb. 28, 2015 | Aug. 31, 2014 |
Parentheticals | ||
Common stock Authorized shares | 75,000,000 | 75,000,000 |
Common stock par value | $ 0.001 | $ 0.001 |
Common stock share issued | 5,000,000 | 5,000,000 |
Common stock share outstanding | 5,000,000 | 5,000,000 |
Statements of Expenses (Unaudit
Statements of Expenses (Unaudited) - Feb. 28, 2015 - USD ($) | Total | Total |
Expenses | ||
General and administrative | $ 10,888 | $ 21,055 |
Total Operating Expenses | 10,888 | 21,055 |
Net Loss | $ (10,888) | $ (21,055) |
Net Loss Per Share - Basic and Diluted | $ 0 | $ 0 |
Weighted Average Shares Outstanding | 5,000,000 | 5,000,000 |
Statement of Cash Flows
Statement of Cash Flows | 6 Months Ended |
Feb. 28, 2015USD ($) | |
Operating Activities | |
Net loss for the period | $ (21,055) |
Changes in operating assets and liabilities: | |
Accrued expenses | 3,000 |
Net cash used in operating activities | (18,055) |
Financing Activities | |
Proceeds from issuance of common stock | 0 |
Due to related parties | 0 |
Net Cash Provided by Financing Activities | 0 |
Net Increase (Decrease) in Cash | (18,055) |
Cash, Beginning of Period | 50,000 |
Cash, End of Period | 31,945 |
Supplemental Disclosures | |
Interest paid | 0 |
Income taxes paid | $ 0 |
Nature of Organization and Desc
Nature of Organization and Description of Business | 6 Months Ended |
Feb. 28, 2015 | |
Nature of Organization and Description of Business | |
Nature of Organization and Description of Business | 1. Nature of Organization and Description of Business Crypto-Services, Inc. (the Company) was incorporated in the state of Nevada on March 21, 2014. The Company has been in the exploration stage since its formation and has not commenced business operations |
Going Concern
Going Concern | 6 Months Ended |
Feb. 28, 2015 | |
Going Concern: | |
Going Concern | 2. Going Concern These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize it assets and discharge its liabilities in the normal course of business. During the period ended February 28, 2015, the Company has an accumulated deficit of $21,296. The Company intends to enter the business of providing information about the use of Bitcoin and other digital currencies through a website that aggregates news and current trading data about digital currencies. The Company also intends to provide consumer access to the purchase and sale of Bitcoin through ATMs placed at various high traffic locations in Canada. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Companys ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Feb. 28, 2015 | |
Basis of Presentation | |
Basis of Presentation | 3. Basis of Presentation The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto for the period ended August 31, 2014 contained in the Companys Form 10-K filed with the Securities and Exchange Commission on December 2, 2014. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the interim financial statements which would substantially duplicate the disclosure contained in the audited financial statements as reported in the Companys Form 10-K have been omitted |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Feb. 28, 2015 | |
Related Party Transactions | |
Related Party Transactions | 4 . Related Party Transactions a) As at February 28, 2015, the Company was indebted to the President of the Company in the amount of $241, which is non-interest bearing, unsecured, and due on demand. |
Going Concern (Details)
Going Concern (Details) | 3 Months Ended |
Feb. 28, 2015USD ($) | |
Going Concern Details | |
Company has an accumulated deficit | $ 21,296 |
Related Party Transactions (Det
Related Party Transactions (Details) | Feb. 28, 2015USD ($) |
Related Party Transactions Details | |
Company was indebted to President in amount | $ 241 |