2.4.0.8006 - Disclosure - NOTE 1 - ORGANIZATION AND GOING CONCERNtruefalsefalse1falsefalsefalsec3_From1Jan2012To31Dec2012http://www.sec.gov/CIK0001389034duration2012-01-01T00:00:002012-12-31T00:00:001true1kalo_OrganizationandGoingConcernAbstractkalo_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2kalo_OrganizationandGoingConcernkalo_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="LINE-HEIGHT: 12.55pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 11pt; FONT-WEIGHT: bold">NOTE
1 - ORGANIZATION AND GOING CONCERN</font>
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<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 11pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Organization</font></font>
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<font style="display: inline; font-family: Times New Roman, serif; font-size: 11pt;">Kallo
Inc. (the "Company" or "Kallo"), formerly Diamond
Technologies, Inc., a development stage company, was
incorporated in Nevada on December 12, 2006. The Company
originally offered media, inks, printing, and graphic design
services to the large format digital printing industry. The
Company's fiscal year ends on December 31st. On December 31,
2009, Kallo entered into an agreement with Rophe Medical
Technologies Inc. and its shareholders (collectively "Rophe")
wherein Kallo acquired all of the issued and outstanding
shares of common stock of Rophe. As a result of the Rophe
transaction, Kallo changed its business focus from selling
printing equipment to manufacturing and developing software
designed to taking medical information from many sources, and
then depositing it into a single source as an electronic
medical record for each patient. </font>
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<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 11pt">On
January 14, 2011, Kallo Inc. was incorporated in Nevada and
merged into Diamond Technologies Inc., at which point the
Company changed its name to Kallo Inc.</font>
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<font style="display: inline; font-family: Times New Roman, serif; font-size: 11pt;">On
December 10, 2010, the Company entered into a North American
Authorized Agency Agreement (the "Agreement") with Advanced
Software Technologies, Inc., located in the Grand Cayman
Islands ("AST"). Under the Agreement, the Company was
appointed sales agent for AST and will be paid fees by AST
for selling AST products. The Company has agreed to pay AST a
total of $213,000 for modification of the AST products to
comply with the requirements of the Canadian Electronic
Health Record market. The AST technology is being
incorporated into the Company's medical information software
currently in development. Delays in announcing EMR
specifications 5.0 by Ontario and Canadian regulatory bodies
has caused a delay in the marketing plans for launching AST
products in the Canadian market despite our EMR having been
announced as the official EMR of the paediatric
section - Ontario Medical Association.</font>
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<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 11pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Going
Concern</font></font>
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<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 11pt">The
accompanying consolidated financial statements have been
prepared assuming that the Company will continue as a going
concern, which contemplates the realization of assets and the
satisfaction of liabilities in the normal course of business.
The amounts of assets and liabilities in the consolidated
financial statements do not purport to represent realizable
or settlement values. The Company has incurred operating
losses since inception and has an accumulated deficit of
$17,365,763 at December 31, 2012. The Company will continue
to incur losses as it develops its products and marketing
channels during 2013.</font>
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<font style="display: inline; font-family: Times New Roman, serif; font-size: 11pt;">The
Company has met its historical working capital requirements
from the sale of common shares and loans from an
officer/stockholder. In order to not burden the Company, the
officer/stockholder has agreed to provide funding to the
Company to pay its annual audit fees, filing costs and legal
fees as long as the board of directors deems it necessary.
However, there can be no assurance that such financial
support shall be ongoing or available on terms or conditions
acceptable to the Company. This raises substantial doubt
about the Company's ability to continue as a going concern.
The consolidated financial statements do not include any
adjustments that might result from the outcome of this
uncertainty. After the year end, the Company raised $230,000.
(Note 14)</font>
</div><br/>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. And, if there is a substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time (generally a year from the balance sheet date), disclose: (a) pertinent conditions and events giving rise to the assessment of substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time, (b) the possible effects of such conditions and events, (c) management's evaluation of the significance of those conditions and events and any mitigating factors, (d) possible discontinuance of operations, (e) management's plans (including relevant prospective financial information), and (f) information about the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities.No definition available.false0falseNOTE 1 - ORGANIZATION AND GOING CONCERNUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://kalloinc.ca/role/NOTE1ORGANIZATIONANDGOINGCONCERN12