| Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Basis of Presentation The accompanying unaudited financial statements
have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial
statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange
Commission ("SEC"). Accordingly, they do not contain all information and footnotes required by accounting principles
generally accepted in the United States of America for annual financial statements. In the opinion of the Company's management,
the accompanying unaudited consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring
accruals) to present the financial position of the Company as of June 30, 2016 and the results of operations and cash flows for
the periods presented. The results of operations for the three months ended June 30, 2016 and 2015 are not necessarily indicative
of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in
conjunction with the financial statements and related notes thereto included in Form S-1 for the fiscal period ended March 31,
2016 filed with the SEC on June 24, 2016. Use of Estimates The preparation of financial statements in
conformity with GAAP 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. These estimates and assumptions also
affect the reported amounts of revenues, costs and expenses during the reporting period. Management evaluates these estimates and
assumptions on a regular basis. Actual results could differ from those estimates. Property and Equipment Property and equipment is recorded at cost
and depreciated over the estimated useful lives of the assets using principally the straight-line method. When items are retired
or otherwise disposed of, income is charged or credited for the difference between net book value and proceeds realized thereon.
Ordinary maintenance and repairs are charged to expense as incurred, and replacements and betterments are capitalized. The range
of estimated useful lives used to calculate depreciation for principal items of property and equipment are as follows:
Asset Category Useful Life
Furniture and fixtures 3 years
Office equipment 3 years
Computer software 5 years We periodically review our long-lived assets
for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be fully recoverable.
We recognize an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the
asset. The amount of impairment is measured as the difference between the asset's estimated fair value and its book value. We
recorded no impairment on our long-lived assets during the three months ended June 30, 2016 and the fiscal year ended March 31,
2016. Revenue Recognition Revenue generated from providing the sale of
goods and services. Revenue is recognized when all of the following
criteria are met: persuasive evidence of an arrangement exists, our goods and services have been provided, all significant contractual
obligations have been satisfied, and collection is reasonably assured. No guarantees or warranties are provided for the goods or
services we render. Due to the nature of the good and services provided and method of billing and collection, we do not offer a
refund policy. Revenue from sales is recognized when the product
is shipped to the end customer and collectability is reasonable assured. If payments for revenues are received prior
to the products being shipped or services being rendered, those revenues, and costs directly associated with such revenues, are
deferred until such time as the product or services are provided. Income Taxes The Company accounts for income taxes using
the asset and liability method in accordance with ASC 740, "Accounting for Income Taxes". The asset and liability method
provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences
between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carry forwards. Deferred
tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences
are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed
more likely than not to be realized. As of June 30, 2016, the Company did not have any amounts recorded pertaining to uncertain
tax positions. Fair Value Measurements The Company adopted the provisions of ASC
Topic 820, "Fair Value Measurements and Disclosures", which defines fair value as used in numerous accounting pronouncements,
establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial
instruments, including cash and cash equivalents are carried at historical cost basis, which approximates their fair values because
of the short-term nature of these instruments. ASC 820 defines fair value as the exchange
price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous
market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes
a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable
inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 quoted
prices in active markets for identical assets or liabilities Level 2 quoted
prices for similar assets and liabilities in active markets or inputs that are observable Level 3 inputs
that are unobservable (for example cash flow modeling inputs based on assumptions) The Company has no assets or liabilities valued
at fair value on a recurring basis. Loss Per Share The Company computes basic and diluted earnings
per share amounts in accordance with ASC Topic 260, Earnings per Share. Recently Issued Standards In January 2016, the FASB issued ASU 2016-01,
Recognition and Measurement of Financial Assets and Financial Liabilities. The purpose is to enhance the reporting model for financial
instruments to provide users of financial statements with more decision-useful information. This ASU is effective for the Company
in the first quarter of 2018. Early adoption is not permitted except for limited provisions. The Company does not expect the adoption
of this amendment to have a material effect on its financial condition and results of operations. There are various other updates recently issued,
most of which represented technical corrections to the accounting literature or application to specific industries and are not
expected to a have a material impact on the Company's financial position, results of operations or cash flows. |
