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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
2 Months Ended 12 Months Ended 1 Months Ended 10 Months Ended
Mar. 31, 2011
Studio II Brands, Inc. (Successor)
Mar. 31, 2012
Studio II Brands, Inc. (Successor)
Mar. 31, 2010
Hippo Lace Limited (Predecessor)
Feb. 09, 2011
Hippo Lace Limited (Predecessor)
Revenue        
Food and beverage income $ 52,139 $ 381,716 $ 23,695 $ 289,426
Franchise and management fee income 450 12,472   22,266
Cost of goods sold (exclusive of depreciation) (12,540) (104,681) (9,008) (95,732)
Gross profit 40,049 287,507 14,687 215,960
Operating expenses (70,850) (416,889) (48,115) (215,859)
Operating Income (Loss) (30,801) (127,382) (33,428) 101
Other Income and Expenses        
Other income 708 3,497 51,997 4,069
Other expenses (104) (1,372)   (1,064)
Total Other Income, Net 604 2,125 51,997 3,005
Net Income (Loss) Before Income Taxes (30,197) (125,257) 18,569 3,106
Income tax (expense)/benefits 726 (6,501) (2,421) (4,310)
Net Income (Loss) From Continuing Operations (29,471) (131,758) 16,148 (1,204)
Discontinued operations, net of taxes   896    
Net Income (Loss) $ (29,471) $ (130,862) $ 16,148 $ (1,204)
Net (loss)/income per common share        
Basic and fully diluted total (loss)/income   $ (0.01) $ 16,148 $ (1,204)
Weighted average common stock outstanding 11,899,276 11,996,399 1 1