Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Sep. 30, 2015 | Nov. 13, 2015 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | Mondovita Corp. | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --03-31 | |
Entity Common Stock, Shares Outstanding | 13,333,333 | |
Amendment Flag | false | |
Entity Central Index Key | 1,641,521 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Sep. 30, 2015 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 |
Mondovita Corp. BALANCE SHEETS
Mondovita Corp. BALANCE SHEETS (unaudited) - USD ($) | Sep. 30, 2015 | Mar. 31, 2015 |
Current Assets | ||
Cash and cash equivalents | $ 16,000 | |
Total Assets | 16,000 | |
Current Liabilities | ||
Accounts payable and accrued liabilities | $ 5,541 | |
Total Liabilities | 5,541 | |
Stockholders’ Equity (Deficit) | ||
Common stock, $0.00001 par value, 100,000,000 shares authorized; 13,333,333 shares issued and outstanding as of September 30, 2015 and March 31, 2015, respectively | 133 | 133 |
Additional paid-in capital | 15,867 | 15,867 |
Accumulated deficit | (21,541) | |
Total Stockholders’ Equity (Deficit) | $ (5,541) | 16,000 |
Total Liabilities and Stockholders’ Equity | $ 16,000 |
Mondovita Corp. BALANCE SHEETS3
Mondovita Corp. BALANCE SHEETS (unaudited) (Parentheticals) - $ / shares | Sep. 30, 2015 | Mar. 31, 2015 |
Preferred stock, par value (in Dollars per share) | $ 0.00001 | $ 0.00001 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 13,333,333 | 13,333,333 |
Common stock, shares outstanding | 13,333,333 | 13,333,333 |
Mondovita Corp. STATEMENT OF OP
Mondovita Corp. STATEMENT OF OPERATIONS (unaudited) - USD ($) | 3 Months Ended | 6 Months Ended |
Sep. 30, 2015 | Sep. 30, 2015 | |
Operating Expenses | ||
General and administrative | $ 7,400 | $ 21,541 |
Total Operating Expenses | 7,400 | 21,541 |
Net Loss | $ (7,400) | $ (21,541) |
Net Loss Per Common Share - Basic and Diluted (in Dollars per share) | $ 0 | $ 0 |
Weighted Average Common Shares Outstanding - Basic and Diluted (in Shares) | 13,333,333 | 13,333,333 |
Mondovita Corp. STATEMENT OF CA
Mondovita Corp. STATEMENT OF CASH FLOW (unaudited) | 6 Months Ended |
Sep. 30, 2015USD ($) | |
Cash Flows from Operating Activities | |
Net loss | $ (21,541) |
in operating activities: Changes in operating assets and liabilities: | |
Accounts payable | 5,541 |
Cash used in operating activities | (16,000) |
Net change in cash | (16,000) |
Cash and cash equivalents, beginning of period | $ 16,000 |
Cash and cash equivalents, end of period | |
Supplementary Cash Flows Information | |
Interest paid | $ 0 |
Income taxes paid | $ 0 |
NOTE 1. NATURE OF BUSINESS AND
NOTE 1. NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS | 6 Months Ended |
Sep. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | NOTE 1. NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS MONDOVITA CORP. (“we”, “us”, “our” or the “Company”) was formed on November 24, 2014 in Nevada. The Company is engaged in the business of procuring and negotiating employment and endorsement contracts for top talented athletes. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the US (US GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. The accompanying financial statements at September 30, 2015 and March 31, 2015 and for the three and six months ended September 30, 2015 contain all normally recurring adjustments considered necessary for a fair presentation of our financial position, results of operations, and cash flows for such periods. Operating results for the three and six months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending March 31, 2016.These financial statements should be read in conjunction with the audited financial statements and accompanying notes included in our Registration Statement on Form S-1 for the year ended March 31, 2015. |
NOTE 2. GOING CONCERN
NOTE 2. GOING CONCERN | 6 Months Ended |
Sep. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Substantial Doubt about Going Concern [Text Block] | NOTE 2. GOING CONCERN These financial statements have been prepared on a going concern basis which assumes the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of September 30, 2015, the Company has not yet generated revenue from operations, and will require additional funds to maintain our operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. The Company intends to finance operating costs over the next twelve months through continued financial support from its shareholders and private placements of common stock. 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. |
NOTE 3. SUMMARY OF SIGNIFICANT
NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a) Basis of Presentation These financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States and are expressed in US dollars. The Company’s year-end is March 31. b) Estimates and Assumptions The preparation of financial statements in conformity with United States 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. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. c) Earnings (Loss) Per Common Share Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. At September 30, 2015, the Company has no potentially dilutive securities outstanding. |
NOTE 4. STOCKHOLDERS' EQUITY
NOTE 4. STOCKHOLDERS' EQUITY | 3 Months Ended |
Jun. 30, 2015 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 4. STOCKHOLDERS’ EQUITY a) The Company’s authorized capital consists of 100,000,000 shares of common stock with a par value of $0.00001 and 100,000,000 shares of preferred stock with a par value of $0.00001. b) On March 4, 2015, 13,333,333 shares of common stock were issued to the sole director of the Company at $0.0012 per share for cash proceeds of $16,000. |