Kirin Holdings Company, Limited (KNBWY) 10-Q 21 Sep 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2015	Sep. 04, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	Kirin Corp.
Entity Central Index Key	1,645,316
Trading Symbol	kirn
Current Fiscal Year End Date	--04-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		16,000,000
Document Type	10-Q
Document Period End Date	Jul. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Balance Sheets

Balance Sheets - USD ($)	Jul. 31, 2015	Apr. 30, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 5,320	$ 12,970
Total current assets	5,320	12,970
TOTAL ASSETS	5,320	12,970
CURRENT LIABILITIES
Accounts payable and accrued liabilities	5,121	500
Total current liabilities	$ 5,121	$ 500
STOCKHOLDER'S EQUITY
Preferred stock, $0.00001 par value, 100,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.00001 par value, 100,000,000 shares authorized, 16,000,000 and 13,000,000 shares issued and outstanding, respectively	$ 160	$ 130
Common stock subscribed		30
Additional paid-in capital	15,840	15,840
Subscriptions receivable		(3,000)
Accumulated deficit	(15,801)	(530)
Total stockholder's equity	199	12,470
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	$ 5,320	$ 12,970

Balance Sheets (Parentheticals)

Balance Sheets (Parentheticals) - $ / shares	Jul. 31, 2015	Apr. 30, 2015
Statement of Financial Position [Abstract]
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, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	16,000,000	13,000,000
Common stock, shares outstanding	16,000,000	13,000,000

Statement of Operations (Unaudi

Statement of Operations (Unaudited) - 3 months ended Jul. 31, 2015 - USD ($)	Total
Income Statement [Abstract]
REVENUES
OPERATING EXPENSES
Professional fees	$ 15,271
TOTAL OPERATING EXPENSES	15,271
LOSS BEFORE INCOME TAXES	$ (15,271)
Income tax provision
NET LOSS	$ (15,271)
Basic and Diluted Loss per Common Share (in dollars per share)	$ 0
Basic and Diluted Weighted Average Common Shares Outstanding (in shares)	15,934,783

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited)	3 Months Ended
	Jul. 31, 2015USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (15,271)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	4,621
Cash used in operating activities	(10,650)
CASH FLOWS FROM FINANCING ACTIVITIES
Common shares issued for cash	3,000
Cash provided by financing activities	3,000
Net change in cash	(7,650)
CASH, BEGINNING OF PERIOD	12,970
CASH, END OF PERIOD	$ 5,320
SUPPLEMENTAL CASH FLOW DISCLOSURES
Interest paid
Income taxes paid

ORGANIZATION AND BUSINESS OPERA

ORGANIZATION AND BUSINESS OPERATIONS	3 Months Ended
	Jul. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS KIRIN CORP. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on March 19, 2015.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. The accompanying unaudited financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information regarding the Company's significant accounting policies, refer to the audited financial statements and footnotes for the year ended April 30, 2015 contained in the Company’s form S-1/A filed on August 5, 2015. The financial statements are stated in United States dollars. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company. Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements.

CAPITAL STOCK

CAPITAL STOCK	3 Months Ended
	Jul. 31, 2015
Equity [Abstract]
CAPITAL STOCK	NOTE 3 - CAPITAL STOCK Preferred Stock The Company has authorized 100,000,000 preferred shares with a par value of $0.00001 per share. As at July 31, 2015 and April 30, 2015, the Company had no preferred shares issued and outstanding. Common Stock The Company has authorized 100,000,000 common shares with a par value of $0.00001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought. During March 19, 2015 (inception) to April 30, 2015, the Company issued 13,000,000 common shares to its sole officer for $13,000 cash. During the three months ended July 31, 2015, the Company issued 3,000,000 common shares to its sole officer for $3,000. As at July 31, 2015 and April 30, 2015, the Company had 16,000,000 and 13,000,000 shares issued and outstanding, respectively. Other Dilutive Securities The Company has no stock option plan, warrants or other dilutive securities.

GOING CONCERN AND LIQUIDITY CON

GOING CONCERN AND LIQUIDITY CONSIDERATIONS	3 Months Ended
	Jul. 31, 2015
Going Concern And Liquidity Considerations [Abstract]
GOING CONCERN AND LIQUIDITY CONSIDERATIONS	NOTE 4 -GOING CONCERN AND LIQUIDITY CONSIDERATIONS 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. The Company has earned no revenues since inception. As at July 31, 2015, the Company has working capital of $199 and an accumulated deficit of $15,801. 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 April 30, 2016. The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about the Company’s 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jul. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 5 – SUBSEQUENT EVENTS Management has evaluated subsequent events through the date these financial statements were issued. Except the disclosure above, based on our evaluation no other events have occurred that require disclosure.

SUMMARY OF SIGNIFICANT ACCOUN11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. The accompanying unaudited financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information regarding the Company's significant accounting policies, refer to the audited financial statements and footnotes for the year ended April 30, 2015 contained in the Company’s form S-1/A filed on August 5, 2015. The financial statements are stated in United States dollars.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements.

CAPITAL STOCK (Detail Textuals)

CAPITAL STOCK (Detail Textuals) - USD ($)	1 Months Ended	3 Months Ended
	Apr. 30, 2015	Jul. 31, 2015
Equity [Abstract]
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	100,000,000	100,000,000
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, voting rights		one vote
Common shares issued to sole officer	13,000,000	3,000,000
Value of common shares issued to sole officer	$ 13,000	$ 3,000
Common stock, shares issued	13,000,000	16,000,000
Common stock, shares outstanding	13,000,000	16,000,000

GOING CONCERN AND LIQUIDITY C13

GOING CONCERN AND LIQUIDITY CONSIDERATIONS (Detail Textuals) - USD ($)	Jul. 31, 2015	Apr. 30, 2015
Going Concern And Liquidity Considerations [Abstract]
Working capital	$ 199
Accumulated deficit	$ (15,801)	$ (530)