KMRB Acquisition Corp. II (KMRB) 10-K/A 14 Dec 16 2016 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Aug. 31, 2016	Nov. 30, 2016	Feb. 29, 2016
Document and Entity Information:
Entity Registrant Name	KMRB Acquisition Corp. II
Document Type	10-K
Document Period End Date	Aug. 31, 2016
Trading Symbol	kmrb
Amendment Flag	true
Entity Central Index Key	1,653,882
Current Fiscal Year End Date	--08-31
Entity Common Stock, Shares Outstanding		3,000,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Public Float			$ 0
Amendment Description	Correct Scrivener errors on the Audit Opinion letter

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Aug. 31, 2016	Aug. 31, 2015
Assets, Current
Cash	$ 79	$ 1,200
Assets, Current	79	1,200
Total Assets	79	1,200
Current liabilities
Accounts payable	1,125	125
Total curent liabilities	1,125	125
Total liabilities	1,125	125
Stockholders' Equity
Common stock, $0.0001 par value, 900,000,000 shares authorized 3,000,000 and 3,000,000 shares issued and outstanding, respectively	300	300
Additional paid-in capital	900	900
Accumulated deficit	(2,246)	(125)
Stockholders' Equity	(1,046)	1,075
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 79	$ 1,200

BALANCE SHEETS - Parenthetical

BALANCE SHEETS - Parenthetical - $ / shares	Aug. 31, 2016	Aug. 31, 2015
Stockholders' Equity
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	750,000,000	750,000,000
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	900,000,000	900,000,000
Common Stock, Shares Issued	3,000,000	3,000,000
Common Stock, Shares Outstanding	3,000,000	3,000,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
Operating Expenses
Professional fees	$ 2,000
Selling, general and administrative expense	121	$ 125
Total operating expenses	2,121	125
Net loss from operations	(2,121)	(125)
Net loss	$ (2,121)	$ (125)
Basic and diluted loss per share	$ 0	$ 0
Weighted Average Number of Shares Outstanding	3,000,000	857,143

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
Cash flows from operating activities:
Net loss	$ (2,121)	$ (125)
Increase (Decrease) in Operating Liabilities
Accounts payable	1,000	125
Net cash used in operating activities	(1,121)
Cash flows from financing activities:
Issuance of Common Stock		1,200
Net cash provided by financing activities		1,200
Net change in cash and cash equivalents	(1,121)	1,200
Cash and cash equivalents, Beginning of period	1,200
Supplemental cash flow information and noncash financing activities:
Cash and cash equivalents, End of Period	$ 79	$ 1,200

Note 1 Nature of Operations

Note 1 Nature of Operations	12 Months Ended
	Aug. 31, 2016
Notes
Note 1 Nature of Operations	Note 1 Nature of Operations Milost Acquisitions Corp. f/k/a KMRB Acquisition Corp. II (the "Company") is a for profit corporation established under the corporation laws in the State of Florida, United States of America on August 17, 2015. Since inception the Company has devoted substantially all of its efforts to establishing a new business. While operations have not commenced, the Company has generated expenses and no revenue from the limited efforts. The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the company’s business plan.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Aug. 31, 2016
Notes
Note 2 - Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Going Concern The Company’s consolidated financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating cost and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced, to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company include, obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Basis of Presentation and Use of Estimates The Company prepares its consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which require 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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fiscal Year End The Company elected August 31 as its fiscal year ending date. Cash Flows Reporting The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments Financial Instruments The Company’s balance sheet includes certain financial instruments, including cash and accounts payable. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 Inputs that are both significant to the fair value measurement and unobservable. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of August 31, 2016. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash equivalents. Cash and cash equivalents totaled $79 at August 31, 2016 and $1,200 at August 31, 2015. Credit risk associated with cash deposits are insured under FDIC up to $250,000 per depositor, per FDIC insured bank, per ownership category. At such time, as the Company’s cash deposits exceed FDIC limits, the Company will reassess their credit risk. Revenue Recognition The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, “Revenue Recognition” ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products or services delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the products or services have not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the products or services have been delivered or no refund will be required. Deferred Income Taxes and Valuation Allowance The Company accounts for income taxes under ASC 740, Income Taxes Net Income (Loss) Per Common Share Net income (loss) per share is calculated in accordance with ASC 260, “Earnings Per Share.” The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised. Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at August 31, 2016. Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued that we adopt as of the specified effective date. We believe that the impact of recently issued standards that are not yet effective may have an impact on our results of operations and financial statements. ASU Update 2014-09 Revenue from Contracts with Customers ASU Update 2014-15 Presentation of Financial Statements – Going Concern

Note 3 - Accounts Payable

Note 3 - Accounts Payable	12 Months Ended
	Aug. 31, 2016
Notes
Note 3 - Accounts Payable	Note 3 – Accounts Payable At August 31, 2016 and August 31, 2015, accounts payable was $1,125 and $125, respectively.

Note 4 - Income Taxes

Note 4 - Income Taxes	12 Months Ended
	Aug. 31, 2016
Notes
Note 4 - Income Taxes	Note 4 – Income Taxes At , the Company had a net operating loss carry–forward for Federal income tax purposes of approximately $ that may be offset against future taxable income through 203 No tax benefit has been reported with respect to these net operating loss carry-forwards in the accompanying financial statements because the Company believes that the realization of the Company’s net deferred tax assets calculated at the effective rates note below, was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are fully offset by the valuation allowance. Deferred tax assets consist primarily of the tax effect of NOL carry-forwards. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realizability. The Company’s tax expense differs from the “expected” tax expense for Federal income tax purposes (computed by applying the United States Federal tax rate of 34% and State tax rate of 3.6% to income before taxes), as follows: For the Year Ended August 31, 2016 For the Period Ended August 17, 2015 (inception) Through August 31, 2015 Tax expense (benefit) at the statutory rate $ (721) $ (43) State income taxes, net of federal income tax benefit (76) (5) Change in valuation allowance 797 48 Total $ --- $ --- The tax effects of the temporary differences between reportable financial statement income and taxable income are recognized as deferred tax assets and liabilities. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. For the August 31, 201 , the Company has net operating losses from operations. The carry forwards expire through the year 203 . The Company’s net operating loss carry forward may be subject to annual limitations, which could reduce or defer the utilization of the losses as a result of an ownership change as defined in Section 382 of the Internal Revenue Code. A valuation allowance has been applied due to the uncertainty of realization. The Company’s net deferred tax asset as of August 31, 201 is as follows: August 31, 2016 For the Period Ended August 17, 2015 (inception) Through August 31, 2015 Deferred tax assets $ 844 $ 47 Valuation allowance (844) (47) Net deferred tax asset $ --- $ --- The Company is currently open to audit under the statute of limitations by the Internal Revenue Service for the 201 through 201 . The Company recognizes interest and penalties related to income taxes in income tax expense. The Company had incurred no penalties and interest .

Note 5 - Equity

Note 5 - Equity	12 Months Ended
	Aug. 31, 2016
Notes
Note 5 - Equity	Note 5 – Equity PREFERRED STOCK The Company has been authorized to issue 750,000,000 shares of $.0001 par value Preferred Stock. The Board of Directors is expressly vested with the authority to divide any or all of the Preferred Stock into series and to fix and determine the relative rights and preferences of the shares of each series so established, within certain guidelines established in the Articles of Incorporation. Series A: The certificate of designation for the Series “A” Convertible Preferred Stock provides that as a class it possesses, a number of votes equal to ten (10) votes per share and may be converted into ten (10) $0.0001 par value common shares. No preferred stock has been issued as of August 31, 2016. COMMON STOCK The Company has been authorized to issue 900,000,000 shares of common stock, $.0001 par value. Each share of issued and outstanding common stock shall entitle the holder thereof to fully participate in all shareholder meetings, to cast one vote on each matter with respect to which shareholders have the right to vote, and to share ratably in all dividends and other distributions declared and paid with respect to common stock, as well as in the net assets of the corporation upon liquidation or dissolution. The Company has issued 3,000,000 shares of common stock on August 27, 2015. 1,000,000 shares of common stock were issued to the Company’s sole office and director and 2,000,000 shares were issued to unrelated investors. At August 31, 2016 and August 31, 2015, there are 3,000,000 and 3,000,000 shares of common stock issued and outstanding, respectively. OPTIONS AND WARRANTS There are no warrants or options outstanding to acquire any additional shares of common stock of the Company as of August 31, 2016.

Note 6 - Related Party Transact

Note 6 - Related Party Transaction	12 Months Ended
	Aug. 31, 2016
Notes
Note 6 - Related Party Transaction	Note 6 – Related Party Transaction The Company issued 1,000,000 shares of common stock to the Company’s sole office and director The Company neither owns nor leases any real or personal property. The sole officer and officer of the Company provides office space and services free of charge. The Company's sole officer and director is involved in other business activities and may in the future, become involved in other business opportunities as they become available.

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingencies	12 Months Ended
	Aug. 31, 2016
Notes
Note 7 - Commitments and Contingencies	Note 7 - Commitments and Contingencies From time to time the Company may be a party to litigation matters involving claims against the Company. Management believes that there are no current matters that would have a material effect on the Company’s financial position or results of operations.

Note 8 - Subsequent Events

Note 8 - Subsequent Events	12 Months Ended
	Aug. 31, 2016
Notes
Note 8 - Subsequent Events	Note 8 – Subsequent Events 1. The Company amended its Series “A” Preferred Stock designation. The certificate of designation for the Series “A” Preferred Stock provides that as a class it possesses, no conversions rights and a number of votes equal to four times the sum of: i) the total number of shares of Common Stock which are issued and outstanding at the time of voting, plus ii) the total number of shares of Series B Preferred Stocks which are issued and outstanding at the time of Voting. The Company has not designated or issued any Series B Preferred Stock. 2. Changed the Company address to 48 Wall Street, The Bank of New York Building, New York, NY 10005. The amendments to the Articles of Incorporation were approved by the Florida Department of State, Division of Corporations on November 30, 2016. EQUITY On November 15, 2016, the Company issued 1 share of Series A Preferred Stock to its sole officer and Director, Brian Kistler, for control. On November 16, 2016 shareholders of Milost Acquisitions Corp. f/k/a KMRB Acquisition Corp. II, entered into a Stock Purchase Agreement with Milos Advisors LLC to sell three million shares (3,000,000) of the outstanding common stock and one share of its issued and outstanding series A preferred stock. The effective date of the Stock Purchase Agreement is December 1, 2016. On December 2, 2016, the following amendment to the Articles of Incorporation were approved by the Florida Department of State, Division of Corporations. 1. The Company changed its name to Milost Acquisitions Corp.

Note 2 - Summary of Significa14

Note 2 - Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Aug. 31, 2016
Policies
Going Concern	Going Concern The Company’s consolidated financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating cost and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced, to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company include, obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
Basis of Presentation and Use of Estimates	Basis of Presentation and Use of Estimates The Company prepares its consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which require 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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Fiscal Year End	Fiscal Year End The Company elected August 31 as its fiscal year ending date.
Financial Instruments	Financial Instruments The Company’s balance sheet includes certain financial instruments, including cash and accounts payable. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 Inputs that are both significant to the fair value measurement and unobservable. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of August 31, 2016. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash equivalents. Cash and cash equivalents totaled $79 at August 31, 2016 and $1,200 at August 31, 2015. Credit risk associated with cash deposits are insured under FDIC up to $250,000 per depositor, per FDIC insured bank, per ownership category. At such time, as the Company’s cash deposits exceed FDIC limits, the Company will reassess their credit risk.
Revenue Recognition	Revenue Recognition The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, “Revenue Recognition” ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products or services delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the products or services have not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the products or services have been delivered or no refund will be required.
Deferred Income Taxes and Valuation Allowance	Deferred Income Taxes and Valuation Allowance The Company accounts for income taxes under ASC 740, Income Taxes
Net Income (loss) Per Common Share	Net Income (Loss) Per Common Share Net income (loss) per share is calculated in accordance with ASC 260, “Earnings Per Share.” The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised. Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at August 31, 2016.
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued that we adopt as of the specified effective date. We believe that the impact of recently issued standards that are not yet effective may have an impact on our results of operations and financial statements. ASU Update 2014-09 Revenue from Contracts with Customers ASU Update 2014-15 Presentation of Financial Statements – Going Concern

Note 4 - Income Taxes (Tables)

Note 4 - Income Taxes (Tables)	12 Months Ended
	Aug. 31, 2016
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	For the Year Ended August 31, 2016 For the Period Ended August 17, 2015 (inception) Through August 31, 2015 Tax expense (benefit) at the statutory rate $ (721) $ (43) State income taxes, net of federal income tax benefit (76) (5) Change in valuation allowance 797 48 Total $ --- $ ---
Schedule of Deferred Tax Assets and Liabilities	August 31, 2016 For the Period Ended August 17, 2015 (inception) Through August 31, 2015 Deferred tax assets $ 844 $ 47 Valuation allowance (844) (47) Net deferred tax asset $ --- $ ---

Note 2 - Summary of Significa16

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Details) - USD ($)	Aug. 31, 2016	Aug. 31, 2015
Details
Cash	$ 79	$ 1,200

Note 3 - Accounts Payable (Deta

Note 3 - Accounts Payable (Details) - USD ($)	Aug. 31, 2016	Aug. 31, 2015
Details
Accounts payable	$ 1,125	$ 125

Note 4 - Income Taxes (Details)

Note 4 - Income Taxes (Details)	Aug. 31, 2016USD ($)
Details
Operating Loss Carryforwards	$ 2,246