| Note 2- Significant Accounting Policies | NOTE 2 -SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents The Company considers all liquid investments with a maturity
of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. As of April 30,
2016, there were no cash equivalents. Use of Estimates The preparation of 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. Actual results could differ from those estimates. Start-up Expenses The Company expenses costs associated with start-up activities
as incurred. Accordingly, start-up costs associated with the Company's formation have been included in the Company's general and
administrative expenses. Income Taxes The Company utilizes FASB ACS 740, Income Taxes The accounting guidance for uncertainties in income tax prescribes
a comprehensive model for the financial statement recognition, measurement, presentation, and disclosure of uncertain tax positions
taken or expected to be taken in income tax returns. The Company recognizes a tax benefit from an uncertain tax position in the
financial statements only when it is more likely than not that the position will be sustained upon examination, including resolution
of any related appeals or litigation processes, based on the technical merits and a consideration of the relevant taxing authoritys
widely understood administrative practices and precedents. Interest and penalties on tax deficiencies recognized in
accordance with ACS accounting standards are classified as income taxes in accordance with ASC Topic 740-10-50-19. We have implemented certain provisions of ASC 740, Income Taxes
(ASC 740), which clarifies the accounting and disclosure for uncertain tax positions, as defined. ASC 740 seeks to
reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income
taxes. We adopted the provisions of ASC 740 and have analyzed filing positions in United States jurisdictions where
we are required to file income tax returns, as well as all open tax years in these jurisdictions. We have identified
the United States as our "major" tax jurisdiction. Generally, we remain subject to United States examination
of our income tax returns. Fair Value of Financial Instruments The Financial Accounting Standards Board issued ASC (Accounting
Standards Codification) 820-10 (SFAS No. 157), Fair Value Measurements and Disclosures FASB ASC 820-10 defines fair value as the price that would
be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market
in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair
value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the
three levels of inputs required by the standard that the Company uses to measure fair value:
- Level 1: Quoted prices in active markets for identical assets or liabilities
- Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.
- Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Basic and Diluted Earnings (loss) Per Share Net loss per share is calculated in accordance with FASB
ASC 260, Earnings Per Share Recent Accounting Pronouncements In August 2014, the FASB issued ASU 2014-15, Presentation
of Financial Statements Going Concern (Topic 205-40), which requires management to evaluate whether there is substantial
doubt about an entitys ability to continue as a going concern for each annual and interim reporting period. If substantial
doubt exists, additional disclosure is required. This new standard will be effective for the Company for annual and interim periods
beginning after December 15, 2016. Early adoption is permitted. The Company adopted this new standard for the fiscal year ending
December 31, 2014. In April 2015, the FASB issued ASU 2015-3, Interest
- Imputation of Interest (Subtopic 835-30), related to the presentation of debt issuance costs. This standard will require
debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct deduction from the
debt liability rather than as an asset. These costs will continue to be amortized to interest expense using the effective interest
method. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December
15, 2015, and retrospective adoption is required. We will adopt this pronouncement for our year beginning January 1, 2016. We do
not expect this pronouncement to have a material effect on our consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, Compensation
- Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target
Could be Achieved after the Requisite Service Period. This ASU provides more explicit guidance for treating share-based
payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service
period as a performance condition. The new guidance is effective for annual and interim reporting periods beginning after December
15, 2015. The Company does not expect the adoption of this guidance to have a material impact on the consolidated financial statements. |
