| Document and Entity Information | 6 Months Ended | |
| Jun. 30, 2014 | Aug. 12, 2014 | |
| Document and Entity Information [Abstract] | ' | ' |
| Entity Registrant Name | 'MINN SHARES INC | ' |
| Entity Central Index Key | '0000728447 | ' |
| Amendment Flag | 'false | ' |
| Current Fiscal Year End Date | '--12-31 | ' |
| Document Type | '10-Q | ' |
| Document Period End Date | 30-Jun-14 | ' |
| Document Fiscal Year Focus | '2014 | ' |
| Document Fiscal Period Focus | 'Q2 | ' |
| Entity Filer Category | 'Smaller Reporting Company | ' |
| Entity Common Stock Shares Outstanding | ' | 1,191,348 |
| Balance Sheets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| CURRENT ASSETS: | ' | ' |
| Cash | $215 | $7,477 |
| Prepaid expenses | ' | 825 |
| TOTAL ASSETS | 215 | 8,302 |
| CURRENT LIABILITIES: | ' | ' |
| Payables and accrued expenses | 6,869 | 3,477 |
| Due to Globe Resources Group | 77,989 | 61,406 |
| Due to related parties | 215,083 | 210,373 |
| Total Current Liabilities | 299,941 | 275,256 |
| SHAREHOLDERS' DEFICIT: | ' | ' |
| Preferred stock, $.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding | ' | ' |
| Common stock, $.0001 par value; 100,000,000 shares authorized; 1,191,348 shares issued and outstanding | 119 | 119 |
| Additional paid-in-capital | 594,022 | 594,022 |
| Accumulated deficit | -893,867 | -861,095 |
| Total Shareholders' Deficit | -299,726 | -266,954 |
| TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT | $215 | $8,302 |
| Balance Sheets (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| Balance Sheets [Abstract] | ' | ' |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
| Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
| Preferred stock, shares issued | ' | ' |
| Preferred stock, shares outstanding | ' | ' |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 |
| Common stock, shares authorized | 10,000,000 | 10,000,000 |
| Common stock, shares issued | 1,191,348 | 1,191,348 |
| Common stock, shares outstanding | 1,191,348 | 1,191,348 |
| Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
| Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
| Statement of Operations [Abstract] | ' | ' | ' | ' |
| OPERATING EXPENSES | $7,748 | $14,677 | $26,518 | $37,107 |
| OPERATING LOSS | -7,748 | -14,677 | -26,518 | -37,107 |
| INTEREST EXPENSE | 3,172 | 2,656 | 6,254 | 4,982 |
| NET LOSS | ($10,920) | ($17,333) | ($32,772) | ($42,089) |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | ' | ' | ' | ' |
| Basic and diluted | 1,191,348 | 1,191,348 | 1,191,348 | 1,191,348 |
| NET LOSS PER COMMON SHARE: | ' | ' | ' | ' |
| Basic and diluted | ($0.01) | ($0.01) | ($0.03) | ($0.04) |
| Statements of Cash Flows (Unaudited) (USD $) | 6 Months Ended | |
| Jun. 30, 2014 | Jun. 30, 2013 | |
| Cash flows from operating activities: | ' | ' |
| Net loss | ($32,772) | ($42,089) |
| Adjustment to reconcile net loss to net cash used by operating activities: | ' | ' |
| Interest added to due to Globe Resources Group | 1,584 | 323 |
| Interest added to due to related parties | 4,671 | 4,659 |
| Changes in operating assets and liabilities: | ' | ' |
| Prepaid expense | 825 | -4,719 |
| Payables and accrued expenses | 3,392 | -4,515 |
| Net cash used by operating activities | -22,301 | -46,341 |
| Cash flows from financing activities: | ' | ' |
| Due to Globe Resources Group | 15,000 | 59,593 |
| Due to related parties | 39 | 903 |
| Net cash provided by financing activities | 15,039 | 60,496 |
| Net increase (decrease) in cash | -7,262 | 14,155 |
| Cash - beginning of period | 7,477 | 2,688 |
| Cash - end of period | $215 | $16,843 |
| Basis of Presentation | 6 Months Ended | |
| Jun. 30, 2014 | ||
| Basis of Presentation [Abstract] | ' | |
| Basis of Presentation | ' | |
| 1 | Basis of Presentation | |
| The accompanying unaudited financial statements have been prepared according to the instructions to Form 10-Q and Section 210.8-03(b) of Regulation S-X of the Securities and Exchange Commission (SEC) and, therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been omitted. | ||
| In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six month periods ended June 30, 2014 and 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. For further information, refer to the Financial Statements and footnotes thereto included in our Form 10-K as of and for the year ended December 31, 2013. The balance sheet at December 31, 2013, has been derived from the audited financial statements at that date, but does not include all of the information and footnotes required by GAAP. | ||
| Organization and Significant Accounting Policies | 6 Months Ended | |
| Jun. 30, 2014 | ||
| Organization and Significant Accounting Policies [Abstract] | ' | |
| Organization and Significant Accounting Policies | ' | |
| 2 | Organization and Significant Accounting Policies | |
| Organization | ||
| Minn Shares Inc., a Delaware corporation (the Company) was incorporated in the State of Delaware on October 22, 2010 to effect the reincorporation of Minn Shares Inc., a Minnesota corporation (Minn Shares Minnesota) in the State of Delaware. | ||
| The current business purpose of the Company is to seek the acquisition of or merger with an existing company. | ||
| 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 may affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. | ||
| Income Taxes | ||
| Deferred income taxes are provided for temporary differences between the financial reporting and tax basis of assets and liabilities. Deferred taxes are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of the enactment. | ||
| In evaluating the ultimate realization of deferred income tax assets, management considers whether it is more likely than not that the deferred income tax assets will be realized. Management establishes a valuation allowance if it is more likely than not that all or a portion of the deferred income tax assets will not be utilized. The ultimate realization of deferred income tax assets is dependent on the generation of future taxable income, which must occur prior to the expiration of the net operating loss carryforwards. | ||
| Loss Per Common Share | ||
| Basic loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding. Diluted loss per common share is computed by dividing net loss by weighted average number of common shares outstanding and common share equivalents when dilutive. There are no common share equivalents outstanding. | ||
| Fair Value of Financial Instruments | ||
| The carrying value of current financial assets and liabilities approximate their fair values due to their short term nature. | ||
| Going Concern | 6 Months Ended | |
| Jun. 30, 2014 | ||
| Going Concern [Abstract] | ' | |
| Going Concern | ' | |
| 3 | Going Concern | |
| The Company is a shell company, has not earned any revenues from operations since 2001, suffered recurring losses from operations, and has a shareholders’ deficit. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The Company’s ability to continue as a going concern is also dependent on its ability to locate a suitable target company and ultimately enter into a possible reverse merger with such company. Management’s plan includes obtaining additional funds by equity financing through a reverse merger transaction and/or related party advances, however, there is no assurance of additional funding being available. | ||
| Due to Globe Resources Group | 6 Months Ended | |
| Jun. 30, 2014 | ||
| Due to Globe Resources Group [Absract] | ' | |
| Due to Globe Resources Group | ' | |
| 4 | Due to Globe Resources Group | |
| On May 16, 2013, the Company entered into an agreement (the “Option Agreement”) with The Globe Resources Group, LLC (“Globe”), pursuant to which Globe acquired the right to purchase, at any time through the date that is twelve (12) months from the date of the Option Agreement, controlling shares of the Company’s common stock. Specific details of the Option Agreement are set forth in the Company’s Form 8-K filed with the SEC on May 22, 2013. | ||
| Upon execution of the Option Agreement, Globe delivered an advance of $59,593 to the Company to cover its expenses during the Option Period, as further described in the Option Agreement. On May 13, 2014, the Company entered into an agreement to extend the option expiration date an additional 30 days. In connection with the extension, Globe delivered an advance of $15,000 to the Company to cover specific current payables and legal and administrative expenses related to the extension. | ||
| Due to Globe consisted of advances and interest payable to Globe. At June 30, 2014 and December 31, 2013, $77,989 and $61,406, including $3,396 and $1,813, respectively of accrued interest, was owed to Globe. Prior to expiration, the loan bore annual interest at 5%. Interest expense was $839 and $323 for the three month and $1,584 and $323 for the six month periods ended June 30, 2014 and 2013, respectively. | ||
| On June 5, 2014, the Company received notification that Globe had elected not to exercise its option to purchase shares of the Company under the Option Agreement. Accordingly, the Option Agreement expired on June 15, 2014. As required by the Option Agreement, the Company will seek to find a third party purchaser. If sold, any consideration received will be used first to pay off related selling costs, and then repay related party payables (see Note 5). Remaining proceeds, if any, shall be used to repay advances made by Globe. In the event the Company does not consummate a sale with a third party purchaser, no amounts under the loan are payable to Globe. | ||
| Due to Related Parties | 6 Months Ended | |
| Jun. 30, 2014 | ||
| Due to Related Parties [Abstract] | ' | |
| Due to Related Parties | ' | |
| 5 | Due to Related Parties | |
| Due to related parties consisted of advances and expenses paid on behalf of the Company by Paramount Trading, Ltd. (“Paramount”), a company owned by the Company’s current majority shareholder, and the Company’s President and director. At June 30, 2014 and December 31, 2013, $215,083 and $210,373, including $28,135 and $23,464, respectively of accrued interest, is owed to these related parties. The loans bear annual interest at 5% and are due on demand. Interest expense was $2,333 and $2,333 for the three month and $4,671 and $4,659 for the six month periods ended June 30, 2014 and 2013, respectively. | ||
| Income Taxes | 6 Months Ended | |
| Jun. 30, 2014 | ||
| Income Taxes [Abstract] | ' | |
| Income Taxes | ' | |
| 6 | Income Taxes | |
| At June 30, 2014 the Company had net operating loss carry forwards of approximately $623,000 for income tax purposes that expire starting in 2018. The Company established a valuation allowance for the full amount of net deferred tax asset at June 30, 2014 because it cannot demonstrate that it is more likely than not that it will realize the benefit of that asset. In addition, future utilization of the available net operating loss carryforward may be limited under Internal Revenue Code Section 382 as a result of changes in ownership. | ||
| It is the Company’s practice to recognize penalties and/or interest related to income tax matters in the interest and penalties expense. There are no interest and penalties recognized in the statements of operations or accrued on the balance sheets. | ||
| The Company is subject to U.S. federal, state, or local income tax examination by tax authorities for all years for which a loss carryforward is utilized in subsequent periods. | ||
| Organization and Significant Accounting Policies (Policies) | 6 Months Ended |
| Jun. 30, 2014 | |
| Organization and Significant Accounting Policies [Abstract] | ' |
| 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 may affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. | |
| Income Taxes | ' |
| Income Taxes | |
| Deferred income taxes are provided for temporary differences between the financial reporting and tax basis of assets and liabilities. Deferred taxes are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of the enactment. | |
| In evaluating the ultimate realization of deferred income tax assets, management considers whether it is more likely than not that the deferred income tax assets will be realized. Management establishes a valuation allowance if it is more likely than not that all or a portion of the deferred income tax assets will not be utilized. The ultimate realization of deferred income tax assets is dependent on the generation of future taxable income, which must occur prior to the expiration of the net operating loss carryforwards. | |
| Loss Per Common Share | ' |
| Loss Per Common Share | |
| Basic loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding. Diluted loss per common share is computed by dividing net loss by weighted average number of common shares outstanding and common share equivalents when dilutive. There are no common share equivalents outstanding. | |
| Fair Value of Financial Instruments | ' |
| Fair Value of Financial Instruments | |
| The carrying value of current financial assets and liabilities approximate their fair values due to their short term nature. |
| Due to Globe Resources Group (Details) (USD $) | 0 Months Ended | 3 Months Ended | 6 Months Ended | ||||
| 13-May-14 | 16-May-13 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
| Due to Globe Resources Group (Textual) | ' | ' | ' | ' | ' | ' | ' |
| Description of option agreement | ' | ' | ' | ' | 'On May 16, 2013, the Company entered into an agreement (the "Option Agreement") with The Globe Resources Group, LLC ("Globe"), pursuant to which Globe acquired the right to purchase, at any time through the date that is twelve (12) months from the date of the Option Agreement, controlling shares of the Company's common stock | ' | ' |
| Amount due to globe | $15,000 | $59,593 | ' | ' | ' | ' | ' |
| Advances due to Globe | ' | ' | 77,989 | ' | 77,989 | ' | 61,406 |
| Accrued interest due to Globe | ' | ' | 3,396 | ' | 3,396 | ' | 1,813 |
| Interest added to due to Globe Resources Group | ' | ' | $839 | $323 | $1,584 | $323 | ' |
| Annual interest rate on advances with globe | ' | ' | 5.00% | ' | 5.00% | ' | ' |
| Due to Related Parties (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
| Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
| Due to Related Parties (Textual) | ' | ' | ' | ' | ' |
| Amounts due to related parties | $215,083 | ' | $215,083 | ' | $210,373 |
| Accrued interest due to related parties | 28,135 | ' | 28,135 | ' | 23,464 |
| Interest rate on advances with related parties | ' | ' | 5.00% | ' | ' |
| Interest expense on due to related parties | $2,333 | $2,333 | $4,671 | $4,659 | ' |
| Income Taxes (Details) (USD $) | 6 Months Ended |
| Jun. 30, 2014 | |
| Income Taxes (Textual) | ' |
| Net operating loss carryforwards | $623,000 |
| Net operating loss carryforwards expiration date | 31-Dec-18 |
