Organization, Description of Business, and Basis of Accounting

12 Months Ended

Jul. 31, 2013

Organization, Description of Business, and Basis of Accounting [Abstract]

Organization, Description of Business, and Basis of Accounting

1. Organization, Description of Business, and Basis of Accounting

Business Organization

Lightlake Therapeutics Inc., (formerly known as Madrona Ventures, Inc.) ("Lightlake" or the "Company"), was originally incorporated in the State of Nevada on June 21, 2005. On September 16, 2009, the Company changed its name to Lightlake Therapeutics Inc. The Company's fiscal year end is July 31.

Development Stage Entity

The Company is a development stage company as defined by ASC 915, Development Stage Entities.  The Company is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced.  All losses accumulated since inception have been considered as part of the Company's development stage activities.