Photozou (PTZH) 10-Q 3 Oct 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	9 Months Ended
	Aug. 31, 2016	Oct. 03, 2016
Document And Entity Information
Entity Registrant Name	Exquisite Acquisition, Inc.
Entity Central Index Key	1,627,469
Document Type	10-Q
Document Period End Date	Aug. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--11-30
Entity Well Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 0
Entity Common Stock Shares Outstanding		8,000,000
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016

CONDENSED BALANCE SHEETS (UNAUD

CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)	Aug. 31, 2016	Nov. 30, 2015
Current Assets
Total current assets
Total Assets
Current Liabilities
Accrued Expenses	1,850	4,650
Total current liabilities	1,850	4,650
Total Liabilities	1,850	4,650
Stockholder's Equity (Deficit)
Preferred Stock ($.0001 par value, 20,000,000 authorized; none issued and outstanding as of August 31, 2016 and November 30, 2015)
Common stock ($0.0001 par value, 500,000,000 shares authorized; 8,000,000 shares issued and outstanding as of August 31, 2016 and November 30, 2015)	800	800
Additional Paid In Capital	18,523	7,898
Accumulated Deficit	(21,173)	(13,348)
Total Stockholder's Deficit	(1,850)	(4,650)
Total Liabilities & Stockholders' Deficit

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 31, 2016	Nov. 30, 2015
StockholdersEquity
Preferred Stock Par Or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock Shares Authorized	20,000,000	20,000,000
Preferred Stock Shares Issued	0	0
Preferred Stock Shares Outstanding	0	0
Common Stock Par Or Stated Value Per Share	$ 0.0001	$ .0001
Common Stock Shares Authorized	500,000,000	500,000,000
Common Stock Shares Issued	8,000,000	8,000,000
Common Stock Shares Outstanding	8,000,000	8,000,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Income Statement [Abstract]
Organization and related expenses				$ 550
Professional fees	5,300	1,750	7,825	4,750
Total Operating expenses	5,300	1,750	7,825	5,300
Net loss	$ (5,300)	$ (1,750)	$ (7,825)	$ (5,300)
Basic and Diluted net loss per share of common stock	$ 0	$ 0	$ 0	$ 0
Weighted Average Number of Common Shares Outstanding-Basic and Diluted	8,000,000	8,000,000	8,000,000	8,000,000

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (7,825)	$ (5,300)
Expenses contributed to capital		6,500
Prepaid expenses
Accrued Expenses	(2,800)	(1,200)
Net cash provided by (used in) operating activities	(10,625)
Shareholder contribution	10,625
Net cash provided by (used in) financing activities	10,625
Increase (Decrease) in cash
Ending Cash Balance
Interest paid
Income taxes paid

NOTE 1 - ORGANIZATION AND DESCR

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	9 Months Ended
	Aug. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Note 1 -Organization and Description of Business Exquisite Acquisition, Inc. (the Company) was incorporated under the laws of the State of Delaware on September 29, 2014. The Company intends to serve as a vehicle to affect an asset acquisition, merger, exchange of capital stock or other business combination with a domestic or foreign business. As of August 31, 2016 the Company had not yet commenced any operations. The Company has elected November 30th as its year end.

NOTE 2 - SUMMARY OF SIGNIFICANT

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Aug. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these condensed financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These unaudited condensed interim financial statements should be read in conjunction with the audited financial statements provided in the Form S-1 filed April 12, 2016 for the year ended November 30, 2015 and notes thereto. Use of Estimates The preparation of unaudited condensed interim 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 revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates. Due to the minimal level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern. Cash Flows Reporting The Company follows ASC 230, Statement of Cash Flows Income Taxes The Company accounts for income taxes under ASC 740, “ Income Taxes Basic Earnings (Loss) Per Share The Company computes basic and diluted earnings per share amounts in accordance with ASC Topic 260, Earnings per Share The Company does not have any potentially dilutive instruments as of August 31, 2016 and, thus, anti-dilution issues are not applicable. Related Parties The Company follows ASC 850, Related Party Disclosures,

NOTE 3 - GOING CONCERN

NOTE 3 - GOING CONCERN	9 Months Ended
	Aug. 31, 2016
Going Concern
Going Concern	Note 3 - Going Concern The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of these unaudited condensed interim financial statements. These adverse conditions are negative financial trends, specifically operating loss, working capital deficiency, negative cash flow from operating activities, and other adverse key financial ratios. The Company has not established any source of revenue to cover its operating costs. Management plans to fund operating expenses with related party contributions to capital. There is no assurance that management's plan will be successful. The unaudited condensed interim financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern.

NOTE 4 - RECENTLY ISSUED ACCOUN

NOTE 4 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Aug. 31, 2016
Note 4 - Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements	Note 4 - Recently Issued Accounting Pronouncements Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration. In June 2015, FASB issued Accounting Standards Update (ASU) No. 2015-10, Technical Corrections and Updates. In January 2015, FASB issued Accounting Standards Update (ASU) No. 2015-01, Income Statement-Extraordinary and Unusual Items (Subtopic 225-20). In August 2014, FASB issued Accounting Standards Update (ASU) No. 2014-15, Presentation of Financial Statements – Going Concern; Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern. In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. The amendments in this update remove all incremental financial reporting requirements from U.S. GAAP for development stage entities and also eliminate an exception provided to development stage entities in Topic 810, Consolidation, for determining whether an entity is a variable interest entity on the basis of the amount of investment equity that is at risk. These amendments are effective for annual reporting periods beginning after December 15, 2014, and interim periods therein, with early application permitted. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued (public business entities) or made available for issuance (other entities). We early adopted this pronouncement. As the objective of the amendments in this update is to improve financial reporting by reducing the cost and complexity associated with the incremental reporting requirements for development stage entities our early adoption of this guidance has not impacted our financial position or results of operations.

NOTE 5 - ACCRUED EXPENSES

NOTE 5 - ACCRUED EXPENSES	9 Months Ended
	Aug. 31, 2016
Note 5 - Accrued Expenses
Accrued Expenses	Note 5 - Accrued Expenses Accrued expenses totaled $1,850 and $4,650 at August 31, 2016 and November 30, 2015, respectively, and consisted primarily of professional fees and general and administrative expenses.

NOTE 6 - COMMITMENTS AND CONTIN

NOTE 6 - COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Aug. 31, 2016
Note 6 - Commitments And Contingencies
Commitments and Contingencies	Note 6 - Commitments and Contingencies The Company follows ASC 450-20, Los Contingencies,

NOTE 7 - SHAREHOLDER'S EQUITY

NOTE 7 - SHAREHOLDER'S EQUITY	9 Months Ended
	Aug. 31, 2016
Note 7 - Shareholders Equity
Shareholder's Equity	Note 7 - Shareholder’s Equity Preferred Stock The authorized preferred stock of the Company consists of 20,000,000 shares with a par value of $0.0001. The Company has not issued any shares as of August 31, 2016. Common Stock The authorized common stock of the Company consists of 500,000,000 shares with a par value of $0.0001. There were 8,000,000 shares of common stock issued and outstanding as of August 31, 2016. The Company does not have any potentially dilutive instruments as of August 31, 2016 and, thus, anti-dilution issues are not applicable. On September 29, 2014 the Company issued 8,000,000 of its $0.0001 par value common stock at $0.0001 per share and totaling $800 to the sole director and shareholder in exchange for developing the Company’s business concept and plan. Pertinent Rights and Privileges Holders of shares of Common Stock are entitled to one vote for each share held to be used at all stockholder(s’) meetings and for all purposes including the election of directors. Common Stock does not have cumulative voting rights. Nor does it have preemptive or preferential rights to acquire or subscribe for any unissued shares of any class of stock. Additional Paid In Capital During the nine months ending August 31, 2016 our sole officer, director, and shareholder paid operating expenses in the amount of $10,625 which is recorded as additional paid in capital. Total additional paid in capital was $18,523 as of August 31, 2016 and $7,898 as of November 30, 2015.

NOTE 8 - RELATED PARTY TRANSACT

NOTE 8 - RELATED PARTY TRANSACTIONS	9 Months Ended
	Aug. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 8 - Related-Party Transactions Equity During the nine months ending August 31, 2016 our sole officer, director and shareholder paid operating expenses in the amount of $10,625 which is recorded as additional paid in capital. During the year ending November 30, 2015, $7,750 in expenses were paid by our sole officer, director, and shareholder and are considered contributions to capital. During the fiscal year ended November 30, 2014 our sole officer, director, and shareholder contributed additional paid in capital in the amount of $148 to fund operating expenses.

NOTE 9 - SUBSEQUENT EVENTS

NOTE 9 - SUBSEQUENT EVENTS	9 Months Ended
	Aug. 31, 2016
Note 9 - Subsequent Events
Subsequent Events	Note 9 - Subsequent Events Management has evaluated subsequent events through October 3, 2016. Based on our evaluation no events have occurred requiring adjustment or disclosure.

NOTE 2. SUMMARY OF SIGNIFICANT

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Aug. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these condensed financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These unaudited condensed interim financial statements should be read in conjunction with the audited financial statements provided in the Form S-1 filed April 12, 2016 for the year ended November 30, 2015 and notes thereto.
Use of Estimates	Use of Estimates The preparation of unaudited condensed interim 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 revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates. Due to the minimal level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.
Cash Flows Reporting	Cash Flows Reporting The Company follows ASC 230, Statement of Cash Flows
Income Taxes	Income Taxes The Company accounts for income taxes under ASC 740, “ Income Taxes
Basic Earnings (Loss) Per Share	Basic Earnings (Loss) Per Share The Company computes basic and diluted earnings per share amounts in accordance with ASC Topic 260, Earnings per Share The Company does not have any potentially dilutive instruments as of August 31, 2016 and, thus, anti-dilution issues are not applicable.
Related Party	Related Parties The Company follows ASC 850, Related Party Disclosures,