10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter ended January 31, 2016

OR

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to ________________

Commission File Number 000-52755

ENHANCE SKIN PRODUCTS INC.

(Exact name of registrant as specified in its charter)

Nevada	84-1724410
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

50 West Liberty Street, Suite 880, Reno NV 89501

(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: 416-306-2493

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files. Yes [X] No [  ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “Accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	[  ]	Accelerated filer	[  ]
Non-accelerated filer	[  ] (Do not check if a smaller reporting company)	Smaller reporting company	[X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date: Number of shares outstanding of the registrant’s class of common stock as of March 4, 2016: 113,951,705.

ENHANCE SKIN PRODUCTS INC.

INDEX

	PART I – FINANCIAL INFORMATION
Item 1	Condensed Consolidated Financial Statements	3
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	17
Item 3	Quantitative and Qualitative Disclosures About Market Risk	20
Item 4	Controls and Procedures	20
	PART II – OTHER INFORMATION
Item 1	Legal Proceedings	22
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	23
Item 3	Defaults Upon Senior Securities	23
Item 4	Mine Safety Disclosures	23
Item 5	Other Information	23
Item 6	Exhibits	23
Signatures		24

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PART I - FINANCIAL INFORMATION

ITEM 1. Condensed Consolidated Financial Statements.

	Page Number
Condensed Consolidated Balance Sheets	4
Condensed Consolidated Statements of Operations and Comprehensive Loss	5 - 6
Condensed Consolidated Statements of Cash Flows	7
Notes to Condensed Consolidated Financial Statements	8

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ENHANCE SKIN PRODUCTS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

AS AT JANUARY 31, 2016 (UNAUDITED) AND APRIL 30, 2015 (AUDITED)

(Expressed in United States Dollar)

	January 31, 2016			April 30, 2015
	$			$
ASSETS
Cash		4,321			1,582
Total current assets		4,321			1,582
Goodwill (Note 8)		1			—
Total assets		4,322			1,582
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Liabilities
Accounts payable and accrued liabilities		270,264			235,801
Accounts payable to related parties (Note 4)		48,187			457
Accounts payable to related parties convertible into shares (Note 4)		184,620			73,250
Advances from a related party (Note 4)		96,489			96,489
Advances from a related party convertible into shares (Note 4)		233,998			174,417
Convertible promissory note (Note 5)		24,509			—
Total current liabilities		858,067			580,414
Total liabilities		858,067			580,414
Stockholders’ deficit
Authorized:
600,000,000 common shares par value $0.001 as of January 31, 2016 (April 30, 2015: 300,000,000 common shares) - (Note 6)
Issued and outstanding 112,014,205 common shares as of January 31, 2016 (April 30, 2015: 101,017,881 common shares) - (Note 6)		112,013			101,017
Additional paid-in capital		1,906,848			1,797,671
Accumulated other comprehensive loss		(1,830	)		(939	)
Accumulated deficit		(2,870,776	)		(2,476,581	)
Total stockholders’ deficit		(853,745	)		(578,832	)
Total liabilities and stockholders’ deficit		4,322			1,582

See accompanying notes

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ENHANCE SKIN PRODUCTS INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

FOR THE THREE MONTHS ENDED JANUARY 31, 2016 AND 2015 (UNAUDITED)

(Expressed in United States Dollar)

	Three Months Ended			Three Months Ended
	January 31, 2016			January 31, 2015
	$			$
SALES		—			171
EXPENSES
General and administrative		5,420			4,589
Legal and professional fees		129,384			15,635
Marketing		—			—
Total operating expenses		134,804			20,224
Impairment of goodwill (Note 8)		—			—
Interest expense (Note 7)		38,432			12,171
Net loss for the period before income taxes		(173,236	)		(32,224	)
Income taxes		—			—
Net loss for the period		(173,236	)		(32,224	)
Foreign currency translation adjustment		(18	)		369
Comprehensive loss		(173,254	)		(31,855	)
Loss per share, basic and diluted		(0.0016	)		(0.0003	)
Weighted average number of common shares outstanding		108,598,645			101,017,881

See accompanying notes

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ENHANCE SKIN PRODUCTS INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

FOR THE NINE MONTHS ENDED JANUARY 31, 2016 AND 2015 (UNAUDITED)

(Expressed in United States Dollar)

	Nine Months Ended			Nine Months Ended
	January 31, 2016			January 31, 2015
	$			$
SALES		235			540
EXPENSES
General and administrative		17,059			16,651
Legal and professional fees		284,701			45,079
Marketing		14,000			279
Total operating expenses		315,760			62,009
Impairment of goodwill (Note 8)		2,499			—
Interest expense (Note 7)		76,171			45,333
Net loss for the period before income taxes		(394,195	)		(106,802	)
Income taxes		—			—
Net loss for the period		(394,195	)		(106,802	)
Foreign currency translation adjustment		(891	)		472
Comprehensive loss		(395,086	)		(106,330	)
Loss per share, basic and diluted		(0.0038	)		(0.0011	)
Weighted average number of common shares outstanding		104,115,035			101,017,881

See accompanying notes

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ENHANCE SKIN PRODUCTS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED JANUARY 31, 2016 AND 2015 (UNAUDITED)

(Expressed in United States Dollar)

	Nine Months Ended			Nine Months Ended
	January 31, 2016			January 31, 2015
	$			$
OPERATING ACTIVITIES
Net loss for the period		(394,195	)		(106,802	)
Beneficial conversion feature on advances from a related party		51,163			45,333
Accretion expense on convertible promissory note		22,958			—
Shares issued against consulting and marketing expenses		27,562			—
Impairment of goodwill		2,499
Net change in non-cash working capital balances:
Accounts payable to related parties		47,730			—
Accounts payable to related parties convertible into shares		111,370			—
Accounts payable and accrued liabilities		34,463			16,497
Cash used in operating activities		(96,450	)		(44,972	)
FINANCING ACTIVITIES
Proceeds from issuance of promissory convertible note		43,000			—
Advances from a related party convertible into shares		57,080			45,333
Cash provided by financing activities		100,080			45,333
Net increase in cash during the period		3,630			361
Effect of foreign currency translation		(891	)		472
Cash, beginning of the period		1,582			1,136
Cash, end of period		4,321			1,969
Supplemental disclosure with respect to cash flows:
Cash paid for income taxes		—			—
Cash paid for interest		—			—

See accompanying notes

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ENHANCE SKIN PRODUCTS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JANUARY 31, 2016 (Unaudited)

(Expressed in United States Dollar)

NOTE 1. BASIS OF PRESENTATION

The accompanying unaudited interim condensed consolidated financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial positions, results of operations, and cash flows at January 31, 2016 and 2015, have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these unaudited interim condensed consolidated financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s April 30, 2015 and 2014 audited financial statements. The results of operations for the period ended January 31, 2016 and 2015 are not necessarily indicative of the operating results for the full year.

NOTE 2. RECENT ACCOUNTING PRONOUNCEMENTS

On May 28, 2014, the FASB issued a new financial accounting standard on revenue from contracts with customers, Update No. 2014-09, Revenue from Contracts with Customers (Topic 606). The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The accounting standard is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2017. Early adoption is not permitted. The Company is currently evaluating the impact of this accounting standard.

On August 27, 2014, the FASB issued a new financial accounting standard on going concern, Update 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The standard provides guidance about management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern. The amendments in this Update apply to all companies. They become effective in the annual period ending after December 15, 2016, with early application permitted. The Company is currently evaluating the impact of this accounting standard.

On April 7, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts and the accounting for debt issue costs under IFRS. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments in this Update apply to all companies. They become effective for public business entities in the annual period ending after December 15, 2015, and interim periods within those fiscal years, with early application permitted. The Company is currently evaluating the impact of this accounting standard.

All other recent pronouncements issued by the FASB or other authoritative standards groups with future effective dates are either not applicable or are not expected to be significant to the condensed consolidated financial statements of the Company.

NOTE 3. GOING CONCERN

The accompanying unaudited interim condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As at January 31, 2016 the Company has a working capital deficit of $853,746 and accumulated deficit of $2,870,776. Prior to June 19, 2015 the Company relied on advances from its former CEO, director, Mercuriali Ltd and a related party to meet the working capital requirements. On June 19, 2015, the Company issued a convertible promissory note in the amount of $43,000 to Vis Vires Group Inc. On March 23, 2016 the outstanding principal amount and unpaid interest at 8% per annum in the total amount of $33,403 becomes immediately due and payable. In the event of non-payment, the company becomes due to pay 150% of the then outstanding principal plus interest and the interest rate increases to 22% per annum until repaid or conversion takes place. The holder’s ability to convert the note, however, is limitedin that it will not be permitted to convert any portion of the note if the number of shares of our common stock beneficially owned by the holder and its affiliates, together with the number of shares of our common stock issuable upon any full or partial conversion, would exceed 9.99% of our outstanding shares of common stock. The holder has the right to waive this term upon 61 days’ notice to us. On September 29, 2015, as amended January 22, 2016, Mercuriali Ltd agreed to advance the Company an additional $90,000.

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ENHANCE SKIN PRODUCTS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JANUARY 31, 2016 (Unaudited)

(Expressed in United States Dollar)

NOTE 3. GOING CONCERN (continued)

The ability of the Company to continue as a going concern and become a profitable entity is dependent upon the continued financial support of Mercuriali Ltd, the continuation of the Vis Vires Promissory Note and the Company’s successful efforts to obtain and continue to obtain additional funding to reposition and re-launch its product line and generate sales and then attain profitable operations.

Additional financing will be required for ongoing project management costs, to complete the design work currently underway for the consumer rebranding and packaging, to manufacture prototypes for studies and promotion, to undertake marketing clinical studies on the Visible Youth Repairing Serum and the Visible Youth Eye Zone Gel, to pay on-going patent and trademark costs, to repay the Vis Vires Promissory Note to extent not converted and to provide day to day working capital. Further funding will also be required to manage the launch process, design and implement e-Commerce platforms, undertake any additional marketing clinical studies, marketing, advertising and media support, and to provide working capital prior to market launch.

Having considered its options the Board has decided to take a low risk approach to the market launch of its products and not to seek to build its own US consumer marketing structure but to utilise the services of marketing partners with established and proven infrastructures. The Company has signed a non-binding Letter of intent with a US Sales and Distribution company specializing in the commercialization of products for the US consumer market and is in discussions with other parties.

We have engaged US and European based consultancy firms with a unique set of skills and extensive beauty industry experience and relationships to help reposition the brand and to help implement our strategy for its launch in the US, Europe and other markets. We have also engaged Business Development consultants to help seek licensing and marketing partners for the Company’s consumer and professional products both within the USA and Europe.

Management is consequently pursuing a number of funding structures including debt and equity finance, asset sales, licensing and partnering activities and may issue further Convertible Promissory Notes. There can be no assurances, however, that management’s efforts to obtain additional funding and licensing or marketing partners on terms satisfactory to the Company, or at all, will be realized or that future sales will be realized. The continued existence of the Vis Vires Promissory Note may make funding on acceptable terms, or at all, difficult.

In addition, on November 19, 2015 the Company’s President & CEO, CSO and General Counsel have agreed to amend their respective Consultancy Agreements and Employment Agreement such that payment for services is contingent upon the Company having completed cumulative financings of at least one million United States dollars ($1,000,000) prior to November 20, 2016. Each of these agreements was amended to bring forward the start of remuneration payments with such payment being contingent on receipt of Transaction Monies (as such term is defined in the agreements), in exchange for a reduction in minimum payment obligations and minimum termination payments payable in certain circumstances. In the opinion of the Board the revised remunerations structure incentivizes management, aligns better with the Company’s future strategy and service requirements, and reduces the potential cost on a change of control which may have had a negative effect on future potential corporate transactions.

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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ENHANCE SKIN PRODUCTS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JANUARY 31, 2016 (Unaudited)

(Expressed in United States Dollar)

NOTE 4. RELATED PARTY TRANSACTIONS AND BALANCES

The details of related party balances are as follows:

	January 31, 2016 $		April 30, 2015 $
Unpaid remuneration		47,730		—
Unreimbursed expenses		457		457
Accounts payable to related parties		48,187		457
Unpaid remuneration		151,432		40,062
Balances owing to Mercuriali Ltd.		33,188		33,188
Accounts payable to related parties convertible into shares		184,620		73,250
Advances from a related party		96,489		96,489
Advances from a related party convertible into shares		233,998		174,417

ACCOUNTS PAYABLE TO RELATED PARTIES:

Unpaid remuneration

The outstanding balance of $47,730 as at January 31, 2016 represents the cash element of amounts due to related parties in connection with the consulting and employment amendment agreements effective August 1, 2015 and signed on November 19 and November 25, 2015.

The Company amended the consultancy and employment agreements of each member of its management team; Mr. Donald Nicholson, Mr. Samuel Asculai and Mr. Drasko Puseljic effective August 1, 2015. Each of these agreements was amended to bring forward the start of remuneration payments with such payment being contingent on receipt of Transaction Monies (as such term is defined in the agreements), in exchange for a reduction in minimum payment obligations and minimum termination payments payable in certain circumstances. In the opinion of the Board the revised remunerations structure incentivizes management, aligns better with the Company’s future strategy and service requirements, and reduces the potential cost on a change of control which may have had a negative effect on future potential corporate transactions. In addition, the Company entered into a Director’s Services Agreement with Frode Botnevik, its independent Director.

On November 19, 2015, the Company and Mr. Nicholson and Mercuriali Ltd., a company controlled by Mr. Nicholson the Company’s President & CEO, entered into an agreement effective August 1, 2015, to amend the Mercuriali Consulting Agreement (the “Mercuriali Amendment Agreement”). The Mercuriali Amendment Agreement amends the conditions under which Mercuriali will begin to receive remuneration under the Mercuriali Consulting Agreement. A copy of the Mercuriali Amendment was included in the Company’s Form 8-K filed on November 25, 2015.

On November 19, 2015, the Company and Mr. Asculai and Biostrategies Consulting Group, a company controlled by Mr. Asculai, the Company’s Chairman and Chief Scientific Officer, entered into an agreement effective August 1, 2015 to amend the Asculai Consulting Agreement (the “Asculai Amendment Agreement”). The Asculai Amendment Agreement amends the conditions under which Biostrategies will begin to receive remuneration under the Asculai Consulting Agreement. A copy of the Asculai Amendment was included in the Company’s Form 8-K filed on November 25, 2015.

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ENHANCE SKIN PRODUCTS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JANUARY 31, 2015 (Unaudited)

(Expressed in United States Dollar)

NOTE 4. RELATED PARTY TRANSACTIONS AND BALANCES (continued)

On November 19, 2015, the Company and Mr. Puseljic entered into an agreement effective August 1, 2015 to amend the Puseljic Employment Agreement (the “Puseljic Amendment Agreement”). The Puseljic Amendment Agreement amends the conditions under which Mr. Puseljic will begin to receive salary under the Puseljic Employment Agreement. A copy of the Puseljic Amendment was included in the Company’s Form 8-K filed on November 25, 2015.

On November 25, 2015, the Company and Mr. Frode Botnevik entered into a Director’s Services Agreement effective August 1, 2015 relating to Mr Botnevik’s services as a Director of the Company (the “Botnevik Services Agreement”). The Botnevik Services Agreement states the conditions under which Mr. Botnevik will begin to receive remuneration. A copy of the Botnevik Services Agreement was included in the Company’s Form 8-K filed on November 25, 2015.

Under the above agreements the Corporation may be liable to pay the total aggregate sum of $80,000 for the period August 1, 2015 to October 31, 2015 to be satisfied seventy percent (70%) in common shares of Corporation at the lower of $0.00406 or the Conversion Price (as defined by The Vis Vires Promissory Note) at which The Vis Vires Promissory Note converts and thirty percent (30%) in cash, all such payments conditional on the receipt of Transaction Monies (as such term is defined in the relevant agreements) of $1,000,000 on or prior to November 20, 2016.

Post November 1, 2015 service fee obligations under the Mercuriali Amendment Agreement, Asculai Amendment Agreement and Puseljic Amendment Agreement each comprise a monthly retainer of seven thousand United States dollars (US$7,000) for up to fourteen (14) hours of Services per week, plus one hundred United States dollars ($100) per hour of Services provided in excess of fourteen (14) hours per week based on the level of services provided and invoiced as further set out in the agreements. Post November 1, 2015 service fee obligations under the Botnevik Services Agreements comprises a quarterly retainer of two thousand five hundred United States dollars (US$2,500) for up to twenty five (25) hours of Services per quarter, plus one hundred United States dollars ($100) per hour of Services provided in excess of twenty five (25) hours per quarter based on the level of services provided and invoiced as further set out in the agreement. For the period November 1, 2015 to January 31, 2016 payments due to be satisfied seventy percent (70%) in common shares of Corporation at the lower of $0.00406 or the Conversion Price (as defined by The Vis Vires Promissory Note) at which The Vis Vires Promissory Note converts and thirty percent (30%) in cash, all such payments conditional on the receipt of Transaction Monies (as such term is defined in the relevant agreements) of $1,000,000 on or prior to November 20, 2016.

The price of $0.00406 was set at 58% of the average of the lowest three closing trading prices for the common stock during the ten trading days prior to November 19, 2015, on the calculation basis described in the Vis Vires Promissory Note. The Vis Vires Promissory Note was included in the Company’s Form 8-K filed on June 25, 2015.

Unreimbursed expenses

The outstanding balance of $457 represents amounts due to a related party in connection with the expenses incurred by it on behalf of the Company. The amounts due do not bear any interest and is repayable on demand.

ACCOUNTS PAYABLE TO RELATED PARTIES CONVERTIBLE INTO SHARES:

The outstanding balance comprise of unpaid remuneration to related parties and a balance owing to Mercuriali Ltd as detailed below:

Unpaid remuneration

On May 12, 2010 Biostrategies Consulting Group Inc. the holder of 27,500,000 shares of common stock of the Company transferred 9,166,666 of these shares to Drasko Puseljic. Biostrategies Consulting Group Inc. (“Biostrategies”) is 100% privately owned by Dr. Samuel Asculai, the CSO and a director of the Company. Mr. Puseljic had a 10-year service agreement with the company to assist in business development, contract administration and co-ordination of SEC filings with management and the Company’s SEC counsel. With his holdings, Mr. Puseljic has more than 5% of the outstanding equity of the Company and became a “related party”. Mr Puseljic billed the Company $150,000 during each of the previous fiscal years ended up to April 30, 2012.

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ENHANCE SKIN PRODUCTS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JANUARY 31, 2016 (Unaudited)

(Expressed in United States Dollar)

NOTE 4. RELATED PARTY TRANSACTIONS AND BALANCES (continued)

At April 30, 2013 Mr. Puseljic was owed $400,625 in unpaid fees On March 5, 2013 Mr. Puseljic entered a termination agreement with the company (the “Puseljic Termination Agreement”) pursuant to which upon the Company substantially completing the Restructuring Plan, Mr. Puseljic forgives all of the unpaid fees except for $20,031 which amount will be converted into five million three hundred twenty seven thousand four hundred and sixty (5,327,460) common shares of the Company’s stock upon the Company entering into cumulative fundraisings of at least one hundred and fifty thousand United States dollars ($150,000). During the year ended April 30, 2013 the Company substantially completed the Restructuring Plan. Resultantly, Mr. Puseljic forgave all of the unpaid fees except for $20,031.

Further, the unpaid fee balance of Dr. Asculai of $20,031 described in the following paragraph, together with the associated share conversion, was also transferred to Mr. Puseljic’s balance. Therefore, Mr. Puseljic’s balance of $40,062 is included in total unpaid remuneration balance as at January 31, 2016, which amount will be converted into ten million six hundred fifty four thousand nine hundred and twenty (10,654,920) common shares of the Company’s stock upon the Company entering into cumulative fundraisings of at least one hundred and fifty thousand United States dollars ($150,000).

The Company incurred monthly consulting fee expenses of $12,500 to either Biostrategies or Samuel Asculai, the Company’s then CEO and Director. The Company recorded $150,000 as an expense during each of the previous fiscal years ended up to April 30, 2012. At April 30, 2013, $400,625 of these expenses were unpaid On March 5, 2013 Biostrategies and Dr. Asculai entered a termination agreement with the Company (the “Asculai Termination Agreement”) pursuant to which upon the Company substantially completing the Restructuring Plan, Biostrategies and Dr. Asculai forgive all of the unpaid fees except for $20,031 which amount will be converted into five million three hundred twenty seven thousand four hundred and sixty (5,327,460) common shares of the Company’s stock upon the Company entering into cumulative fundraisings of at least one hundred and fifty thousand United States dollars ($150,000). During the previous year ended April 30, 2013 the Company substantially completed the Restructuring Plan. Resultantly, Dr. Asculai forgave all of the unpaid fees except for $20,031 which was transferred, together with the associated share conversion, to the balance of Mr. Puseljic, which amounted to $40,062 at January 31, 2016.

In addition, the outstanding balance as at January 31, 2016 includes $111,370 representing amounts due to related parties, which may be payable in shares, under the consulting and employment amendment agreements effective August 1, 2015 and signed on November 19 and November 25, 2015 as summarised above under Accounts Payable to Related Parties; Unpaid remuneration.

Balance owing to Mercuriali Ltd.

On July 12, 2010 the Company entered into a Termination and Settlement Agreement (the “Settlement Agreement”) with Mercuriali Ltd. (“Mercuriali”), a company controlled by Donald Nicholson, a then director of the Company and now a director and the Company’s President, Chief Executive Officer and Chief Financial Officer. The Settlement Agreement terminated a Letter of Intent between the Company and Mercuriali regarding a proposed merger between the Company and Mercuriali as part of a larger transaction involving the reverse merger of the Company into a company listed on AIM, a sub-market of the London Stock Exchange. Neither the merger between Mercuriali and the Company, nor the reverse merger of the Company and the AIM listed company took place. Under the Settlement Agreement, the Company agreed to pay Mercuriali expenses incurred pursuant to the Letter of Intent of GBP 22,082 payable at a rate of 5% of gross funds raised by the Company. After receiving proceeds from financing the Company will pay 5% of the gross proceeds to Mercuriali until the obligation has been paid. Other than the items provided for in the Termination Agreement, the Company and Mercuriali released each other from all claims relating to the Letter of Intent. Through the previous year ended April 30, 2012 the Company has raised $60,000 of funds from the issuance of Common Stock, 5% of this or $3,000 should have been paid to satisfy this obligation; however, only $1,500 was paid during the previous fiscal years ended April 30, 2013. As of July 31, 2015 the balance owed to Mercuriali is $33,188. Pursuant to a loan agreement between Mercuriali, Sam Asculai and the Company entered into effective March 4, 2013 as amended March 3, 2014, September 29, 2015 and January 22, 2016(the “Loan Agreement”), the amounts owing to Mercuriali under the Settlement Agreement became payable under the Loan Agreement in accordance with its terms. Upon the Company restructuring at least seventy five percent (75%) of its outstanding debt substantially in accordance with the Restructuring Plan and upon the Company raising additional financing of at least $250,000, Mercuriali shall convert the total amounts owed to it under the Loan Agreement into common shares of the Company at a conversion price of $0.00376 per share. The balance is secured by all of the assets of the Company and does not bear interest.

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ENHANCE SKIN PRODUCTS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JANUARY 31, 2016 (Unaudited)

(Expressed in United States Dollar)

NOTE 4. RELATED PARTY TRANSACTIONS AND BALANCES (continued)

ADVANCES FROM A RELATED PARTY

As of January 31, 2016, the Company owes $96,489 (April 30, 2015 - $96,489) in respect of advances from Dr. Asculai, its former CEO and current Chief Scientific Officer and Chairman of the Board, pursuant to the Loan Agreement. This balance is to be paid in quarterly installments after the Company has cumulatively raised one million United States dollars. The Advances are secured by all of the assets of the Company and do not bear interest.

ADVANCES FROM A RELATED PARTY CONVERTIBLE INTO SHARES

These advances are from Mercuriali Ltd. pursuant to the Loan Agreement . As at January 31, 2016, Mercuriali has advanced a total of $233,998 (April 30, 2015 - $174,417) to the Company pursuant to the Loan Agreement. Mercuriali shall convert $183,523 of the amounts owed to it under the Loan Agreement into common shares of the Company at a conversion price of $0.00376 per share and $50,475 of the amounts owed to it under the Loan Agreement into common shares of the Company at a conversion price of $0.0047753 per share or, if lower, the conversion price at which the promissory note the Company issued to Vis Vires converts upon the Company raising additional financing of at least $250,000.

Effective September 29, 2015, the Company entered into a Loan Agreement (Amendment 3) with Mercuriali Ltd. and Samuel Asculai. This agreement amended loan agreements between the parties dated March 4, 2013 and March 3, 2014 and provided for a loan of US$45,000 from Mercuriali Ltd. and Samuel Asculai in the event no additional third party monies were received by the Company. Upon certain conditions set out in the Loan Agreement (Amendment 3), the amounts so loaned by Mercuriali Ltd. and Samuel Asculai will be convertible into common shares of the Company at the lower of $0.0047753 or the conversion price at which the promissory note the Company issued to Vis Vires converts. See Note 5; Convertible Promissory Note. The price of $0.0047753 was set at 58% of the average of the lowest three closing trading prices for the common stock during the ten trading days prior to September 25, 2015, on the calculation basis described in the Vis Vires promissory note.

Effective January 22, 2016, the Company entered into a Loan Agreement (Amendment 4) with Mercuriali Ltd. and Samuel Asculai. This agreement amends loan agreements between the parties dated March 4, 2013, March 3, 2014 and September 29, 2015 and provides for an increase in the loan amounts by Mercuriali Ltd. and Samuel Asculai in the event no additional third party monies are received by the Company from US$45,000 to US$90,000. Upon certain conditions set out in the Loan Agreement (Amendment 4), the amounts so loaned by Mercuriali Ltd. and Samuel Asculai will be convertible into common shares of the Company at the lower of $0.0047753 or the conversion price at which the promissory note the Company issued to Vis Vires converts.

The advances from Mercuriali Ltd and Samuel Asculai are secured on all of the assets of the Company and do not bear interest.

NOTE 5. CONVERTIBLE PROMISSORY NOTE

On June 19, 2015, the Company issued a convertible promissory note in the amount of $43,000 to Vis Vires Group Inc. The loan became convertible 180 days after the date of the note. The loan and any accrued interest can be converted into shares of the Company’s common stock at a rate of 58% multiplied by the market price, which is the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. The Note also contains certain representations, warranties, covenants and events of default, and increases in the amount of the principal and interest rates under the Note in the event of such defaults.

On December 28, 2015, Vis Vires Group Inc. issued a notice of conversion and elected to convert $12,000 of the principal amount at an applicable conversion price of $0.0017 per share of common stock. Resultantly, the Company issued 7,058,824 shares of common stock.

Page | 13

ENHANCE SKIN PRODUCTS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JANUARY 31, 2016 (Unaudited)

(Expressed in United States Dollar)

NOTE 5. CONVERTIBLE PROMISSORY NOTE (continued)

On March 23, 2016 the outstanding principal amount and unpaid interest at 8% per annum in the total amount of $33,403 becomes immediately due and payable. In the event of non-payment the company becomes due to pay 150% of the then outstanding principal plus interest and the interest rate increases to 22% per annum until repaid or conversion takes place. The holder’s ability to convert the note, however, is limited in that it will not be permitted to convert any portion of the note if the number of shares of our common stock beneficially owned by the holder and its affiliates, together with the number of shares of our common stock issuable upon any full or partial conversion, would exceed 9.99% of our outstanding shares of common stock. The holder has the right to waive this term upon 61 days’ notice to us.

The Company’s management has determined the beneficial conversion feature of the note in accordance with the requirements of ASC Topic 470. The beneficial conversion feature determined at the time of note issuance has been credited to additional paid-in-capital and will be accreted over the term of the note as detailed below:

	$
Face value of convertible promissory note issued during Q1 2015-2016	43,000
Beneficial conversion features credited to additional paid-in-capital during Q1 2015-2016	(29,449	)
Accretion expense on convertible promissory note for Q1 2015-2016	4,555
Accreted value of convertible promissory note as at July 31, 2015	18,106
Accretion expense on convertible promissory note for Q2 2015-2016	9,746
Accreted value of convertible promissory note as at October 31, 2015	27,852
Accretion expense on convertible promissory note for Q3 2015-2016	8,657
Conversion during Q3 2015-2016	(12,000	)
Accreted value of convertible promissory note as at January 31, 2016	24,509

Accretion expense of $8,657 and interest expense of $778 were recognized during the three months ended January 31, 2016 (also refer to note 7).

NOTE 6. STOCKHOLDERS’ DEFICIT

COMMON SHARES - AUTHORIZED

As at January 31, 2016, the Company had 600,000,000 common shares authorized. The common shares have a $0.001 par value. All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they chose to do so, elect all of the directors of the Company.

On July 3, 2015, the Company’s Board of Directors unanimously approved the amendment to Articles of Incorporation (the “Articles of Amendment”) to increase authorized stock from 300,000,000 shares of common stock with a par value of $0.001 to 600,000,000 shares of common stock with a par value of $0.001 per share. Subsequent to the approval of the amendment by the Board of Directors, on July 3, 2015, the holders of the majority of the outstanding shares of common stock of the Company provided written consent to the Articles of Amendment. A Preliminary Information Statement was filed with the SEC on July 7, 2015. The Definitive Information Statement was filed with the SEC, and mailed to all stockholders of record as of the record date, on July 20, 2015. The Articles of Amendment to our Articles of Incorporation were filed with the Nevada Secretary of State on August 17, 2015, and became effective, on that date.

On August 1, 2015, the Company issued 1,937,500 shares of common stock to a consultant. These shares were valued at a rate of $0.007 per share, being the market value on that date, and consulting charges amounting to $13,562 is included in condensed consolidated statements of operations and comprehensive loss.

Page | 14

ENHANCE SKIN PRODUCTS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JANUARY 31, 2016 (Unaudited)

(Expressed in United States Dollar)

NOTE 6. STOCKHOLDERS’ DEFICIT (continued)

On August 19, 2015, the Company issued 2,000,000 shares of common stock to a consultant. These shares were valued at a rate of $0.007 per share, being the market value on that date, and marketing amounting to $14,000 is included in condensed consolidated statements of operations and comprehensive loss.

On December 28, 2015, the Company issued 7,058,824 shares of common stock to Vis Vires Group Inc. pursuant to notice of conversion as explained in Note 5 to the condensed consolidated financial statements.

COMMON SHARES - ISSUED AND OUTSTANDING

As at January 31, 2016 there were 112,014,205 shares of common stock issued out of the authorized 600,000,000 common shares.

NOTE 7. INTEREST EXPENSE

	Three months		Three months		Nine months		Nine months
	ended,		ended,		ended,		ended,
	January 31, 2016		January 31, 2015		January 31, 2016		January 31, 2015
	$		$		$		$
Beneficial conversion feature on advances from a related party		28,997		12,171		51,163		45,333
Accretion expense on convertible promissory note		8,657		—		22,958		—
Interest expense on convertible promissory note		778		—		2,050		—
Total interest expense		38,432		12,171		76,171		45,333

Interest expense represents beneficial conversion feature of the advances from a related party convertible into shares, expensed immediately due to short term conversion terms of these advances. Accretion expense and interest expense are recorded on the convertible promissory note (see note 5).

NOTE 8. BUSINESS ACQUISITION

ASC Topic 805, “Business Combinations” requires that all business combinations be accounted for using the acquisition method and that certain identifiable intangible assets acquired in a business combination be recognized as assets apart from goodwill. ASC Topic 350, “Intangibles-Goodwill and Other” (“ASC 350”) requires goodwill and other identifiable intangible assets with indefinite useful lives not be amortized, such as trade names, but instead tested at least annually for impairment (which the Company tests each year end, absent any impairment indicators) and be written down if impaired. ASC 350 requires that goodwill be allocated to its respective reporting unit and that identifiable intangible assets with finite lives be amortized over their useful lives.

Pursuant to Share Purchase Agreement (the “Agreement”) dated October 31, 2015, among the Company, Mercuriali Ltd. a Corporation incorporated under the laws of United Kingdom (100% owner of issued and outstanding share of Visible Youth Ltd.) and Donald Nicholson, the Company acquired 100% of the issued and outstanding shares of Visible Youth Ltd. for a consideration of $2,500. As a result of this transaction, Visible Youth Ltd. became a wholly owned subsidiary of the Company. The Company intends to use Visible Youth Limited for the marketing of its products in the European Union.

This acquisition was accounted for using the acquisition method of accounting. Visible Youth Ltd. did not have any assets or liabilities as at October 31, 2015.

Goodwill of $1 represents the excess of cost over fair value of net assets acquired, less impairment.

Page | 15

ENHANCE SKIN PRODUCTS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JANUARY 31, 2016 (Unaudited)

(Expressed in United States Dollar)

The Company test for impairment of goodwill at the reporting unit level. In assessing whether goodwill is impaired, the Company utilize the two-step process as prescribed by ASC 350. The first step of this test compares the fair value of the reporting unit, determined based upon discounted estimated future cash flows, to the carrying amount, including goodwill. If the fair value exceeds the carrying amount, no further work is required and no impairment loss is recognized. If the carrying amount of the reporting unit exceeds the fair value, the goodwill of the reporting unit is potentially impaired and step two of the goodwill impairment test would need to be performed to measure the amount of an impairment loss, if any. In the second step, the impairment is computed by comparing the implied fair value of the reporting unit’s goodwill with the carrying amount of the goodwill. If the carrying amount of the reporting unit’s goodwill is greater than the implied fair value of its goodwill, an impairment loss in the amount of the excess is recognized and charged to statement of operations.

Management decided to immediately impair goodwill amounting to $2,499 and brought it at $1 as Visible Youth Ltd. was inactive as at October 31, 2015.

NOTE 9. SUBSEQUENT EVENTS

The Company’s management has evaluated subsequent events up to March 4, 2016, the date the condensed financial statements were issued, pursuant to the requirements of ASC Topic 855 and has determined the following material subsequent events to report.

During February 2016, the Company issued 1,937,500 shares of common stock to a consultant in part payment of services to project manage and develop the Visible Youth™ consumer skin care brand for its relaunch. These shares were valued at a rate of $0.00733 per share.

Effective March 1, 2016 the Company has appointed VStock Transfer, LLC, 18 Lafayette Place, Woodmere NY 11598 as its transfer agent.

Page | 16

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Cautionary Note Regarding Forward-Looking Statements

This quarterly report contains “forward-looking statements” that involve risk and uncertainties. The Company uses forward-looking statements that you can identify by words or terminology such as “may”, “should”, “could”, “predict”, “potential”, “continue”, “expect”, “anticipate”, “future”, “intend”, “plan”, “believe”, “estimate”, and similar expressions (or the negative of these expressions). This quarterly report includes statements that are “forward-looking statements,” including statements regarding our expectations, hopes, beliefs, intentions or strategies regarding the future in particular statements relating to the Restructuring Plan and Future Funding. All statements regarding our financial position, funding plans, business strategy and other plans and objectives for future operations, and future product demand, supply, costs, marketing, and pricing factors, are forward-looking statements. Actual results, levels of activity, performance, achievements and events are most likely to vary materially from those implied by the forward-looking statements. All forward-looking statements included in this quarterly report are based on information available to us on the date hereof, and we assume no obligation to update such forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to have been correct or that we will take any actions that may presently be planned. Certain important factors could cause actual results to differ materially from our expectations. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this quarterly report. Readers should carefully review this report in its entirety, including, but not limited to, our financial statements and the notes thereto. Except for our ongoing obligations to disclose material information under the federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

Review of Operations

During the quarter the Company has continued prosecution and protection of its patent and trademark portfolio. On August 12, 2015, the Company entered into a services agreement with Snowbell Management Limited (“Snowbell”) to project manage and develop the Visible Youth™ consumer skin care brand for its relaunch. The project encompasses refining the brand plan and product briefs and involves the management and development of the brand and product line from re-formulation and re-branding through to delivered finished goods. During the period the Company also engaged a product formulation and manufacturing company and is currently in the process of reformulating its first six products. In addition, during the prior quarter the Company engaged a design consultancy to create its new brand identity and packaging, encompassing both the Visible Youth consumer and professional brands. The work is well advanced and the new formulations and brand identity are expected to be completed by the end of the current quarter.. The Company then intends to place the products on three months accelerated stability and to conduct various challenge and compatibility tests with a view to the start of pilot manufacture and the commencement of two further marketing clinical studies for the Visible Youth Repairing Serum and our Visible Youth Eye Zone Gel as soon as resources are available. It is expected that final study results will be available approximately four months after their start. In the opinion of the board these further marketing studies are necessary to refine the marketing strategy and to obtain further funding on acceptable terms.

If study results are satisfactory and necessary funding can be obtained, management aims to re-launch the Visible Youth products in the consumer markets in Europe and the USA approximately six to nine months from clinical study completion.

Having considered its options the Board has decided to take a low risk approach to the market launch of its products and not to build its own US consumer marketing structure but to utilise the services of marketing partners with established and proven infrastructures. In the opinion of the Board this will enable the Company to bring the products to market quicker and at less cost and risk to shareholders. The Company has signed a non-binding Letter of intent with a US Sales and Distribution company specializing in the commercialization of products for the US consumer market and has continued discussions with this and other potential marketing and licensing partners for the US and Europe in respect of our Visible Youth professional and consumer products.

Page | 17

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

There can be no assurances, however, that management’s efforts to obtain additional funding and licensing or marketing partners on terms satisfactory to the Company, or at all will, be realized or that future sales will be realized.

Balance sheet – January 31, 2016 balances compared to April 30, 2015

Cash

As at January 31, 2016 the Company had $4,321 of cash on hand, an increase of $2,739 from April 30, 2015 balance of $1,582, mainly due to proceeds from issuance of a promissory convertible note and advances from Mercurilai Ltd.

Goodwill

Goodwill of $1 represents the excess of cost over fair value of net assets acquired, less impairment.

Pursuant to Share Purchase Agreement (the “Agreement”) dated October 31, 2015, among the Company, Mercuriali Ltd. a Corporation incorporated under the laws of United Kingdom (100% owner of issued and outstanding share of Visible Youth Ltd.) and Donald Nicholson, the Company acquired 100% of the issued and outstanding shares of Visible Youth Ltd. for a consideration of $2,500. As a result of this transaction, Visible Youth Ltd. became a wholly owned subsidiary of the Company. Management decided to immediately impair goodwill amounting to $2,499 and brought it at $1 as Visible Youth Ltd. was inactive as at October 31, 2015. The Company intends to use Visible Youth Ltd to market its products in the European Union.

Accounts payable and accrued liabilities

As at January 31, 2016 accounts payable and accrued liabilities was $270,264, an increase of $34,463 from April 30, 2015 balance of $235,801. The increase is mainly due to an increase in outstanding suppliers invoices for the three months period ended January 31, 2016.

Accounts payable to related parties convertible into shares

As at January 31, 2016 accounts payable to related parties convertible into shares was $184,620, an increase of $111,370 from April 30, 2015 balance of $73,250. The increase represents accrual of consulting and remuneration charges in connection with the consulting and employment agreement amendments effective August 1, 2015 and signed on November 19 and November 25, 2015.

Advances from a related party convertible into shares

As at January 31, 2016 advances from a related party convertible into shares was $233,998, an increase of $59,581 from April 30, 2015 balance of $174,417. The increase represents additional advances from a related party to meet the working capital requirements of the Company.

Convertible promissory note

On June 19, 2015, the Company issued a convertible promissory note in the amount of $43,000 to Vis Vires Group Inc. The note is due on March 23, 2016 and bears interest at 8% per annum. The loan becomes convertible 180 days after the date of the note. The Company’s management has determined the beneficial conversion feature of the note amounting to $29,449 in accordance with the requirements of ASC Topic 470. The beneficial conversion feature determined at the time of note issuance has been credited to additional paid-in-capital and will be accreted over the term of the note. On December 28, 2015, Vis Vires Group Inc. issued a notice of conversion and elected to convert $12,000 of the principal amount at an applicable conversion price of $0.0017 per share of common stock. Resultantly, the Company issued 7,058,824 shares of common stock. Accretion expense amounting to $8,657 was recorded under interest expense during the current quarter ended January 31, 2016.

Page | 18

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

Statement of Operations – Three and nine months ended January 31, 2016 balances compared to three and nine months ended January 31, 2015

Sales

Management is currently seeking additional financing for ongoing project management costs, to complete the design work currently underway for the consumer rebranding and packaging, to manufacture prototypes for studies and promotion, to undertake marketing clinical studies on the Visible Youth Repairing Serum and the Visible Youth Eye Zone Gel , to pay on-going patent and consultancy costs and to provide working capital. Current and previous period nominal sales represent sales of our existing Visible Youth products through the Company’s existing website primarily to existing customers.

Expenses

Our expenses are classified primarily into the following categories.

General and administrative.

General and administrative expenses incurred for the three and nine months ended January 31, 2016 were $5,420 and $17,059 compared to $4,589 and $16,651 for the three and nine months ended January 31, 2015, respectively. No significant variation noted.

Legal and professional fees.

Legal and professional fees incurred for the three and nine months ended January 31, 2016 were $129,384 and $284,701 compared to $15,635 and $45,079 for the three and nine months ended January 31, 2015, respectively. The significant increase for three and nine months amount is mainly due to the recording of $79,100 and $159,100 management fees in connection with consulting and employment agreement amendments, project management fees and costs associated with product formulation and branding and increase in patents registration activities and the related costs in the three and nine months period ended January 31, 2016, respectively.

Interest expense.

Interest expense for the three and nine months ended January 31, 2016 were $38,432 and $76,171 compared to $12,171 and $45,333 for the three and nine months ended January 31, 2015. The major reason for the increase in both three and nine months period is mainly due to increase in expense in connection with the beneficial conversion feature of the advances from a related party convertible into shares, expensed immediately due to short term conversion terms of these advances. In addition, the Company recorded accretion expense on convertible notes obtained during the three months ended July 31, 2015, whereas there was no convertible note in the previous period.

Liquidity and Capital Resources

During the nine months ended January 31, 2016, the Company raised $43,000 through issuance of a promissory convertible note and Mercuriali Ltd. made advances to the Company of $59,581. At January 31, 2016 the total advances from Mercuriali Ltd. were $233,998.

At January 31, 2016, the Company had a working capital deficit of $853,746 compared to a working capital deficit of $578,832 at April 30, 2015. The increase in working capital deficit is due to increase in current liabilities.

At January 31, 2016 the total assets were $4,322 as compared to the total assets $1,582 at April 30, 2015. The increase of $2,740 mainly due to the advances from Mercuriali Ltd during the nine months ended January 31, 2016.

Page | 19

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

Income Taxes

At January 31, 2016, the Company had potential unused net operating loss carryovers of approximately $2,870,776 (April 30, 2015: $2,476,581). These losses may be available to offset taxable income in the future and to the extent available will expire between 2027 and 2032. The Company has not filed tax returns in the US since 2011 and has filed no Federal or Provincial returns in Canada to date. The Company is in the process of filing overdue tax returns which may have an impact on the amount of net operating loss carryovers which might be available to the Company. No deferred tax asset attributable to the net operating loss carry forward has been recognized, as based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.

Financing

During the nine months ended January 31, 2016 the Company relied on proceeds from the issuance of a convertible note and advances from Mercuriali Ltd., a related party.

ITEM 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

ITEM 4. Controls and Procedures

Evaluation of disclosure controls and procedures.

We recently evaluated the effectiveness of our disclosure controls and procedures, as required by paragraph (b) of Rule 13a-15 or Rule 15d-15 under the Securities Exchange Act of 1934, as of the end of the period covered by this report, being January 31, 2016. This evaluation was conducted with the participation of our principal executive officer and our principal accounting officer.

We maintain disclosure controls and procedures designed to provide reasonable assurance that material information required to be disclosed by us in the reports we file or submit under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that the information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. We performed an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report. Based on their evaluation, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and procedures were not effective in giving us reasonable assurance that the information we are required to disclose in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms and to ensure that such information is accumulated and communicated to our management, including our Principal Executive and Principal Financial Officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. This conclusion was based on the existence of significant deficiencies in our internal control over financial reporting previously disclosed and discussed below.

We do not expect that our disclosure controls and procedures will prevent all errors and all instances of fraud. Disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met. Further, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and the benefits must be considered relative to their costs. Because of the inherent limitations in all disclosure controls and procedures, no evaluation of disclosure controls and procedures can provide absolute assurance that we have detected all our control deficiencies and instances of fraud, if any. The design of disclosure controls and procedures also is based partly on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Page | 20

ITEM 4. Controls and Procedures (continued)

Management Report on internal control over financial reporting.

Our management is responsible for establishing and maintaining adequate internal control over our financial reporting as defined in Rule 13a-15(f) under the Exchange Act. Internal control over financial reporting is a process to provide reasonable assurance regarding the reliability of our financial reporting for external purposes in accordance with accounting principles generally accepted in the United States. Internal control over financial reporting includes maintaining records that in reasonable detail accurately and fairly reflect our transactions; providing reasonable assurance that transactions are recorded as necessary for preparation of our consolidated financial statements; providing reasonable assurance that receipts and expenditures of our assets are made in accordance with management authorization; and providing reasonable assurance that unauthorized acquisition, use or disposition of our assets that could have a material effect on our consolidated financial statements would be prevented or detected on a timely basis. Because of its inherent limitations, internal control over financial reporting is not intended to provide absolute assurance that a misstatement of our consolidated financial statements would be prevented or detected.

Management conducted an evaluation of the effectiveness of our internal control over financial reporting and identified significant deficiencies in internal control over financial reporting.

A material weakness is a deficiency, or combination of deficiencies, in internal control over the financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis.

A significant deficiency is a deficiency, or a combination of deficiencies, that is less severe than a material weakness, yet important enough to merit attention by those responsible for oversight of our financial reporting. Currently, we do not have sufficient in-house expertise in US GAAP reporting. Instead, we rely very much on the expertise and knowledge of external financial advisors in US GAAP conversion. External financial advisors have helped prepare and review our consolidated financial statements. To remediate this situation, we are seeking to recruit experienced professionals to augment and upgrade our financial staff to address issues of timeliness and completeness in US GAAP financial reporting as soon as resources are available. In addition, we do not believe we have sufficient documentation with our existing financial processes, risk assessment and internal controls. We plan to work closely with external financial advisors to document the existing financial processes, risk assessment and internal controls systematically as soon as resources are available. To address the need for more effective internal controls, management has plans to improve the existing controls and implement new controls appropriate to a business of its size and scale as our financial position and capital availability improves. In addition the Company intends to seek to strengthen the composition of its Board of Directors.

Although we have not identified any material weaknesses with our financial reporting or any other significant deficiencies with our internal controls, no assurances can be given that there are no such material weaknesses or significant deficiencies existing.

Changes in internal control over financial reporting.

There have been no changes in our internal controls over financial reporting that occurred during our last fiscal quarters and have materially affected or are reasonably likely to materially affect our internal controls over financial reporting.

Page | 21

PART II – OTHER INFORMATION

ITEM 1. Legal Proceedings

The Company received a Section 45 Notice from the Canadian Intellectual Property Office dated December 18, 2012 requesting that the Company, in accordance with Section 45 of the Trade-marks Act, furnish evidence within three months from the date of the notice demonstrating use of the trademark Visible Youth in Canada at any time during the three year period immediately preceding the date of the notice. The Company provided such evidence in the form of an affidavit on March 14, 2013. On August 26, 2013 the Company received of the response of the purported requesting party, Glycobiocsiences Inc. (“Glcycobiosciences”) response, dated August 12, 2013, to its evidence. The Company filed its response to that submission on December 23, 2013.

On January 9, 2014 Glycobiosciences requested an oral hearing, which was held on June 25, 2014. On September 17, 2014 the Company was informed that the Canadian Intellectual Property Office issued a decision dated September 7, 2014 rejecting the Section 45 application and maintaining the Company’s Canadian trademark. On November 13, 2014 the Company was informed that the applicant has appealed this decision to the Federal Court of Canada. The Company filed a Notice of Appearance with the Federal Court of Canada on November 21, 2014 indicating that it intends to oppose this application. On January 20, 2015 the Company filed further evidence in the form of an affidavit with the Court.

On April 20, 2015 the Company received a notice of Change of Solicitors from Glycobiosciences, the alleged requesting party. Glycobiosciences had not filed a response in a timely manner and on April 24, 2015 the Company filed a response requesting that the matter be dismissed for delay. On April 28, 2015 the Company was notified by the Federal Court that the alleged applicant will be required to bring a Motion requesting an extension of time to file a response. On July 8, 2015 the Federal Court issued a Notice of Status Review because more than 180 days have elapsed since the issuance of the Notice of Application. On July 23, 2015, the Applicant served and filed representations stating the reasons why they believed that the proceeding should not be dismissed for delay. On July 30, 2015 the Company filed its written Submissions in response. On August 6, 2015 the Applicant filed its reply to the Company’s response. On August 19, 2015 the Federal Court found that the application should not be dismissed for delay and ordered that the application proceed as a specially managed proceeding under a Case Management Judge. On September 16, 2015 a Case Management Judge was appointed. Despite repeated attempts both Glycobiosciences and its attorneys failed to supply dates for a case management teleconference and subsequently informed the Company that it was no longer represented by attorneys. Consequently, on November 17, 2015 the Company again asked the Federal Court that the matter be dismissed for delay. Glycobiosciences was given until December 19, 2015 by the Federal Court to retain new counsel in this matter. . On December 8, 2015 Glycobiosciences retained new counsel. On January 12, 2016 Glycobiosciences discontinued the case putting an end to the Section 45 proceedings. As a result, the Company maintains its Canadian trademark.

In the course of preparing the affidavit in the Section 45 proceedings, the Company discovered that Glycobiosciences has been offering for sale and selling “VISIBLE YOUTH VY” anti-aging revitalizing formula containing hyaluronate sodium to the public. The Company also discovered that on December 20, 2012, Glycobiosciences filed a Canadian trademark application to register VISIBLE YOUTH for cosmetics. On March 13, 2013, the Company filed a Notice of Infringement of Trademark on Glycobiosciences. .. On April 9, 2015 the Company filed a Statement of Claim against Glycobiosciences in the Federal Court of Canada claiming, amongst other matters, infringement of our Visible Youth trademark and seeking damages. On May 29, 2015 the defendant filed a Statement of Defence and Counterclaim denying each of the allegations in our Statement of Claim and allege that they are not using the trademark Visible Youth. The Company filed its Reply and Defence to the Counterclaim on June 29, 2015. The defendant had until July 9. 2015 to file a reply. As no reply was received the pleadings closed on July 9, 2015. Consequently, on August 25, 2015 the Company served its Affidavit of Documents on Glycobiosciences Inc. On August 25, 2015 an Affidavit of Documents was received from Glycobiosciences. The Company responded on September 4, 2015 and has had no response to date.

On September 17, 2015 the Company discovered that Glycobiosciences had applied for and been granted a trademark for Visible Youth in the European Union on May 10, 2015. No system of searches for prior trademark registration exists in the European Union prior to grant. On September 18, 2015 the Company filed an application for a declaration of invalidity of Glycobiosciences trademark due to the Company’s earlier granted trademark. The Company intends to vigorously defend its Visible Youth trademark.

On June 19, 2012, the Company entered into a written Agreement and Plan of Merger (the “Merger Agreement”) with Age Reversal, Inc., a Maryland corporation (“ARI”) as disclosed in Note 12 to the financial statements for the year ended April 30, 2012. On January 14, 2013, the Company received notice from ARI that ARI was withdrawing from the proposed merger with the Company to pursue other options. ARI thereby terminated the Agreement and Plan of Merger entered into on June 19, 2012 and the Amendment to Agreement and Plan of Merger entered into on August 31, 2012 between the Company and ARI. The Company and ARI have had discussions over ARI’s obligations on termination of the Merger Agreement to reimburse the company for certain expenses of the Merger. Pursuant to Section 7.1(b) of the Merger Agreement, the Company has demanded payment of the ESP Expense Reimbursement (as defined in the Merger Agreement) of $40,000 it claims is due under the Merger Agreement. ARI claims that it has reimbursed, advanced or otherwise paid to date amounts that satisfy this obligation. The Company continues to maintain that ARI owes the ESP Expense Reimbursement of $40,000 under the Merger Agreement. The Company has not as yet started legal proceeding against ARI due to its financial position, but reserves the right to commence proceedings once it has obtained adequate funding.

Page | 22

ITEM 1. Legal Proceedings (continued)

We are not aware of any other material legal proceedings, other than ordinary routine litigation incidental to the business, to which our Company or any of our subsidiaries are a party or of which any of their property is the subject. We are not aware of any material proceedings to which any director, officer or affiliate of the our Company, any owner of record or beneficially of more than five percent of any class of voting securities of our Company, or any associate of any such director, officer, affiliate of our Company, or security holder is a party adverse to our Company or any of its subsidiaries or has a material interest adverse to our Company any of its subsidiaries.

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds.

On August 1, 2015, the Company entered into a services agreement with Snowbell Management Limited (“Snowbell”) to project manage and develop the Visible Youth™ consumer skin care brand for its relaunch. As consideration for these services, the Company will pay Snowbell fees monthly as invoiced and issued 1,937,500 common shares to satisfy $15,500 of the Company’s obligations to Snowbell. The agreement contains certain anti dilution provisions in the event that the Company issues shares to non-related third parties of less than $0.008 per share during the 9 month period from the date of the agreement. The shares were issued on August 13, 2015. The sale of these securities was made in reliance on the exemption from registration provided by Section 4(2) of the Securities Act of 1933.

On August 19, 2015, the Company entered into a services agreement with StockVest pursuant to which StockVest will provide provide certain communication and investor relation services. As consideration for these services, the Company has paid StockVest $16,000 satisfied through the issue of 2,000,000 common shares. The agreement contains certain anti dilution provisions in the event that the Company issues shares to non-related third parties of less than $0.008 per share during the 12 month period from the date of the agreement. The shares were issued on August 19, 2015. The sale of these securities was made in reliance on the exemption from registration provided by Section 4(2) of the Securities Act of 1933.

On December 28, 2015, the Company issued 7,058,824 shares of common stock pursuant to notice of conversion as explained in Note 5 to the condensed consolidated financial statements.

ITEM 3. Defaults Upon Senior Securities

None.

ITEM 4. Mine Safety Disclosures

None.

ITEM 5. Other Information

None.

ITEM 6. Exhibits.

31.1	Certification of CEO Pursuant to 18 U.S.C. § 1350, Section 302
32.1	Certification Pursuant to 18 U.S.C. § 1350, Section 906

Page | 23

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 4th day of March 2016.

	ENHANCE SKIN PRODUCTS INC.
Date: March 7, 2016	By:	/s/ Donald Nicholson
	Name:	Donald Nicholson
	Title:	CEO, Chief Financial Officer and Principal Executive Officer

Page | 24

EX-31.1

EXHIBIT 31.1

CERTIFICATION PURSUANT TO 18 U.S.C. SS. 1350,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Donald Nicholson, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Enhance Skin Products Inc;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: March 7, 2016

By:	/s/ Donald Nicholson
Name:	Donald Nicholson
Title:	CEO, Chief Financial Officer and Principal Executive Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of ENHANCE SKIN PRODUCTS INC. (the “Company”) on Form 10-Q for the quarter ended January 31, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Donald Nicholson, Chief Executive Officer, Chief Financial Officer and Principal Executive Officer of the Company, Certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: March 7, 2016

By:	/s/ Donald Nicholson
Name:	Donald Nicholson
Title:	CEO, Chief Financial Officer and Principal Executive Officer

XML

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2016	Mar. 04, 2016
Document And Entity Information
Entity Registrant Name	Enhance Skin Products Inc
Entity Central Index Key	0001395400
Document Type	10-Q
Document Period End Date	Jan. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		113,951,705
Trading Symbol	EHSK
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2016

XML

Condensed Consolidated Balance Sheets - USD ($)	Jan. 31, 2016	Apr. 30, 2015
ASSETS
Cash	$ 4,321	$ 1,582
Total current assets	4,321	$ 1,582
Goodwill (Note 8)	1
Total assets	4,322	$ 1,582
Liabilities
Accounts payable and accrued liabilities	270,264	235,801
Accounts payable to related parties (Note 4)	48,187	457
Accounts payable to related parties convertible into shares (Note 4)	184,620	73,250
Advances from a related party (Note 4)	96,489	96,489
Advances from a related party convertible into shares (Note 4)	233,998	$ 174,417
Convertible promissory note (Note 5)	24,509
Total current liabilities	858,067	$ 580,414
Total liabilities	858,067	580,414
Stockholders' deficit
Authorized: 600,000,000 common shares par value $0.001 as of January 31, 2016 (April 30, 2015: 300,000,000 common shares) - (Note 6) Issued and outstanding 112,014,205 common shares as of January 31, 2016 (April 30, 2015: 101,017,881 common shares) - (Note 6)	112,013	101,017
Additional paid-in capital	1,906,848	1,797,671
Accumulated other comprehensive loss	(1,830)	(939)
Accumulated deficit	(2,870,776)	(2,476,581)
Total stockholders' deficit	(853,745)	(578,832)
Total liabilities and stockholders' deficit	$ 4,322	$ 1,582

XML

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 31, 2016	Jul. 03, 2015	Apr. 30, 2015
Statement of Financial Position [Abstract]
Common Stock, Par Value	$ 0.001	$ 0.001	$ 0.001
Common Stock, Shares Authorized	600,000,000	300,000,000	300,000,000
Common Stock, Shares Issued	112,014,205		101,017,881
Common Stock, Shares Outstanding	112,014,205		101,017,881

XML

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Income Statement [Abstract]
SALES		$ 171	$ 235	$ 540
EXPENSES
General and administrative	$ 5,420	4,589	17,059	16,651
Legal and professional fees	$ 129,384	$ 15,635	284,701	45,079
Marketing			14,000	279
Total operating expenses	$ 134,804	$ 20,224	315,760	$ 62,009
Impairment of goodwill (Note 8)			2,499
Interest expense (Note 7)	$ 38,432	$ 12,171	76,171	$ 45,333
Net loss for the period before income taxes	$ (173,236)	$ (32,224)	$ (394,195)	$ (106,802)
Income taxes
Net loss for the period	$ (173,236)	$ (32,224)	$ (394,195)	$ (106,802)
Foreign currency translation adjustment	(18)	369	(891)	472
Comprehensive loss	$ (173,254)	$ (31,855)	$ (395,086)	$ (106,330)
Loss per share, basic and diluted	$ (0.0016)	$ (0.0003)	$ (0.0038)	$ (0.0011)
Weighted average number of common shares outstanding	108,598,645	101,017,881	104,115,035	101,017,881

XML

Condensed Consolidatd Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
OPERATING ACTIVITIES
Net loss for the period	$ (394,195)	$ (106,802)
Beneficial conversion feature on advances from a related party	51,163	$ 45,333
Accretion expense on convertible promissory note	22,958
Shares issued against consulting and marketing expenses	27,562
Impairment of goodwill	2,499
Net change in non-cash working capital balances:
Accounts payable to related parties	47,730
Accounts payable to related parties convertible into shares	111,370
Accounts payable and accrued liabilities	34,463	$ 16,497
Cash used in operating activities	(96,450)	$ (44,972)
FINANCING ACTIVITIES
Proceeds from issuance of promissory convertible note	43,000
Advances from a related party convertible into shares	57,080	$ 45,333
Cash provided by financing activities	100,080	45,333
Net increase in cash during the period	3,630	361
Effect of foreign currency translation	(891)	472
Cash, beginning of the period	1,582	1,136
Cash, end of period	$ 4,321	$ 1,969
Supplemental disclosure with respect to cash flows:
Cash paid for income taxes
Cash paid for interest

XML

Basis of Presentation

9 Months Ended

Jan. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

NOTE 1. BASIS OF PRESENTATION

The accompanying unaudited interim condensed consolidated financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial positions, results of operations, and cash flows at January 31, 2016 and 2015, have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these unaudited interim condensed consolidated financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s April 30, 2015 and 2014 audited financial statements. The results of operations for the period ended January 31, 2016 and 2015 are not necessarily indicative of the operating results for the full year.

XML

Recent Accounting Pronouncements

9 Months Ended

Jan. 31, 2016

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recent Accounting Pronouncements

NOTE 2. RECENT ACCOUNTING PRONOUNCEMENTS

On May 28, 2014, the FASB issued a new financial accounting standard on revenue from contracts with customers, Update No. 2014-09, Revenue from Contracts with Customers (Topic 606). The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The accounting standard is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2017. Early adoption is not permitted. The Company is currently evaluating the impact of this accounting standard.

On August 27, 2014, the FASB issued a new financial accounting standard on going concern, Update 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The standard provides guidance about management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern. The amendments in this Update apply to all companies. They become effective in the annual period ending after December 15, 2016, with early application permitted. The Company is currently evaluating the impact of this accounting standard.

On April 7, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts and the accounting for debt issue costs under IFRS. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments in this Update apply to all companies. They become effective for public business entities in the annual period ending after December 15, 2015, and interim periods within those fiscal years, with early application permitted. The Company is currently evaluating the impact of this accounting standard.

All other recent pronouncements issued by the FASB or other authoritative standards groups with future effective dates are either not applicable or are not expected to be significant to the condensed consolidated financial statements of the Company.

XML

Going Concern

9 Months Ended

Jan. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

NOTE 3. GOING CONCERN

The accompanying unaudited interim condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As at January 31, 2016 the Company has a working capital deficit of $853,746 and accumulated deficit of $2,870,776. Prior to June 19, 2015 the Company relied on advances from its former CEO, director, Mercuriali Ltd and a related party to meet the working capital requirements. On June 19, 2015, the Company issued a convertible promissory note in the amount of $43,000 to Vis Vires Group Inc. On March 23, 2016 the outstanding principal amount and unpaid interest at 8% per annum in the total amount of $33,403 becomes immediately due and payable. In the event of non-payment, the company becomes due to pay 150% of the then outstanding principal plus interest and the interest rate increases to 22% per annum until repaid or conversion takes place. The holder’s ability to convert the note, however, is limitedin that it will not be permitted to convert any portion of the note if the number of shares of our common stock beneficially owned by the holder and its affiliates, together with the number of shares of our common stock issuable upon any full or partial conversion, would exceed 9.99% of our outstanding shares of common stock. The holder has the right to waive this term upon 61 days’ notice to us. On September 29, 2015, as amended January 22, 2016, Mercuriali Ltd agreed to advance the Company an additional $90,000.

The ability of the Company to continue as a going concern and become a profitable entity is dependent upon the continued financial support of Mercuriali Ltd, the continuation of the Vis Vires Promissory Note and the Company’s successful efforts to obtain and continue to obtain additional funding to reposition and re-launch its product line and generate sales and then attain profitable operations.

Additional financing will be required for ongoing project management costs, to complete the design work currently underway for the consumer rebranding and packaging, to manufacture prototypes for studies and promotion, to undertake marketing clinical studies on the Visible Youth Repairing Serum and the Visible Youth Eye Zone Gel, to pay on-going patent and trademark costs, to repay the Vis Vires Promissory Note to extent not converted and to provide day to day working capital. Further funding will also be required to manage the launch process, design and implement e-Commerce platforms, undertake any additional marketing clinical studies, marketing, advertising and media support, and to provide working capital prior to market launch.

Having considered its options the Board has decided to take a low risk approach to the market launch of its products and not to seek to build its own US consumer marketing structure but to utilise the services of marketing partners with established and proven infrastructures. The Company has signed a non-binding Letter of intent with a US Sales and Distribution company specializing in the commercialization of products for the US consumer market and is in discussions with other parties.

We have engaged US and European based consultancy firms with a unique set of skills and extensive beauty industry experience and relationships to help reposition the brand and to help implement our strategy for its launch in the US, Europe and other markets. We have also engaged Business Development consultants to help seek licensing and marketing partners for the Company’s consumer and professional products both within the USA and Europe.

Management is consequently pursuing a number of funding structures including debt and equity finance, asset sales, licensing and partnering activities and may issue further Convertible Promissory Notes. There can be no assurances, however, that management’s efforts to obtain additional funding and licensing or marketing partners on terms satisfactory to the Company, or at all, will be realized or that future sales will be realized. The continued existence of the Vis Vires Promissory Note may make funding on acceptable terms, or at all, difficult.

In addition, on November 19, 2015 the Company’s President & CEO, CSO and General Counsel have agreed to amend their respective Consultancy Agreements and Employment Agreement such that payment for services is contingent upon the Company having completed cumulative financings of at least one million United States dollars ($1,000,000) prior to November 20, 2016. Each of these agreements was amended to bring forward the start of remuneration payments with such payment being contingent on receipt of Transaction Monies (as such term is defined in the agreements), in exchange for a reduction in minimum payment obligations and minimum termination payments payable in certain circumstances. In the opinion of the Board the revised remunerations structure incentivizes management, aligns better with the Company’s future strategy and service requirements, and reduces the potential cost on a change of control which may have had a negative effect on future potential corporate transactions.

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

XML

Related Party Transactions and Balances

9 Months Ended

Jan. 31, 2016

Related Party Transactions [Abstract]

Related Party Transactions and Balances

NOTE 4. RELATED PARTY TRANSACTIONS AND BALANCES

The details of related party balances are as follows:

	January 31, 2016 $		April 30, 2015 $
Unpaid remuneration		47,730		—
Unreimbursed expenses		457		457
Accounts payable to related parties		48,187		457
Unpaid remuneration		151,432		40,062
Balances owing to Mercuriali Ltd.		33,188		33,188
Accounts payable to related parties convertible into shares		184,620		73,250
Advances from a related party		96,489		96,489
Advances from a related party convertible into shares		233,998		174,417

ACCOUNTS PAYABLE TO RELATED PARTIES:

Unpaid remuneration

The outstanding balance of $47,730 as at January 31, 2016 represents the cash element of amounts due to related parties in connection with the consulting and employment amendment agreements effective August 1, 2015 and signed on November 19 and November 25, 2015.

The Company amended the consultancy and employment agreements of each member of its management team; Mr. Donald Nicholson, Mr. Samuel Asculai and Mr. Drasko Puseljic effective August 1, 2015. Each of these agreements was amended to bring forward the start of remuneration payments with such payment being contingent on receipt of Transaction Monies (as such term is defined in the agreements), in exchange for a reduction in minimum payment obligations and minimum termination payments payable in certain circumstances. In the opinion of the Board the revised remunerations structure incentivizes management, aligns better with the Company’s future strategy and service requirements, and reduces the potential cost on a change of control which may have had a negative effect on future potential corporate transactions. In addition, the Company entered into a Director’s Services Agreement with Frode Botnevik, its independent Director.

On November 19, 2015, the Company and Mr. Nicholson and Mercuriali Ltd., a company controlled by Mr. Nicholson the Company’s President & CEO, entered into an agreement effective August 1, 2015, to amend the Mercuriali Consulting Agreement (the “Mercuriali Amendment Agreement”). The Mercuriali Amendment Agreement amends the conditions under which Mercuriali will begin to receive remuneration under the Mercuriali Consulting Agreement. A copy of the Mercuriali Amendment was included in the Company’s Form 8-K filed on November 25, 2015.

On November 19, 2015, the Company and Mr. Asculai and Biostrategies Consulting Group, a company controlled by Mr. Asculai, the Company’s Chairman and Chief Scientific Officer, entered into an agreement effective August 1, 2015 to amend the Asculai Consulting Agreement (the “Asculai Amendment Agreement”). The Asculai Amendment Agreement amends the conditions under which Biostrategies will begin to receive remuneration under the Asculai Consulting Agreement. A copy of the Asculai Amendment was included in the Company’s Form 8-K filed on November 25, 2015.

On November 19, 2015, the Company and Mr. Puseljic entered into an agreement effective August 1, 2015 to amend the Puseljic Employment Agreement (the “Puseljic Amendment Agreement”). The Puseljic Amendment Agreement amends the conditions under which Mr. Puseljic will begin to receive salary under the Puseljic Employment Agreement. A copy of the Puseljic Amendment was included in the Company’s Form 8-K filed on November 25, 2015.

On November 25, 2015, the Company and Mr. Frode Botnevik entered into a Director’s Services Agreement effective August 1, 2015 relating to Mr Botnevik’s services as a Director of the Company (the “Botnevik Services Agreement”). The Botnevik Services Agreement states the conditions under which Mr. Botnevik will begin to receive remuneration. A copy of the Botnevik Services Agreement was included in the Company’s Form 8-K filed on November 25, 2015.

Under the above agreements the Corporation may be liable to pay the total aggregate sum of $80,000 for the period August 1, 2015 to October 31, 2015 to be satisfied seventy percent (70%) in common shares of Corporation at the lower of $0.00406 or the Conversion Price (as defined by The Vis Vires Promissory Note) at which The Vis Vires Promissory Note converts and thirty percent (30%) in cash, all such payments conditional on the receipt of Transaction Monies (as such term is defined in the relevant agreements) of $1,000,000 on or prior to November 20, 2016.

Post November 1, 2015 service fee obligations under the Mercuriali Amendment Agreement, Asculai Amendment Agreement and Puseljic Amendment Agreement each comprise a monthly retainer of seven thousand United States dollars (US$7,000) for up to fourteen (14) hours of Services per week, plus one hundred United States dollars ($100) per hour of Services provided in excess of fourteen (14) hours per week based on the level of services provided and invoiced as further set out in the agreements. Post November 1, 2015 service fee obligations under the Botnevik Services Agreements comprises a quarterly retainer of two thousand five hundred United States dollars (US$2,500) for up to twenty five (25) hours of Services per quarter, plus one hundred United States dollars ($100) per hour of Services provided in excess of twenty five (25) hours per quarter based on the level of services provided and invoiced as further set out in the agreement. For the period November 1, 2015 to January 31, 2016 payments due to be satisfied seventy percent (70%) in common shares of Corporation at the lower of $0.00406 or the Conversion Price (as defined by The Vis Vires Promissory Note) at which The Vis Vires Promissory Note converts and thirty percent (30%) in cash, all such payments conditional on the receipt of Transaction Monies (as such term is defined in the relevant agreements) of $1,000,000 on or prior to November 20, 2016.

The price of $0.00406 was set at 58% of the average of the lowest three closing trading prices for the common stock during the ten trading days prior to November 19, 2015, on the calculation basis described in the Vis Vires Promissory Note. The Vis Vires Promissory Note was included in the Company’s Form 8-K filed on June 25, 2015.

Unreimbursed expenses

The outstanding balance of $457 represents amounts due to a related party in connection with the expenses incurred by it on behalf of the Company. The amounts due do not bear any interest and is repayable on demand.

ACCOUNTS PAYABLE TO RELATED PARTIES CONVERTIBLE INTO SHARES:

The outstanding balance comprise of unpaid remuneration to related parties and a balance owing to Mercuriali Ltd as detailed below:

Unpaid remuneration

On May 12, 2010 Biostrategies Consulting Group Inc. the holder of 27,500,000 shares of common stock of the Company transferred 9,166,666 of these shares to Drasko Puseljic. Biostrategies Consulting Group Inc. (“Biostrategies”) is 100% privately owned by Dr. Samuel Asculai, the CSO and a director of the Company. Mr. Puseljic had a 10-year service agreement with the company to assist in business development, contract administration and co-ordination of SEC filings with management and the Company’s SEC counsel. With his holdings, Mr. Puseljic has more than 5% of the outstanding equity of the Company and became a “related party”. Mr Puseljic billed the Company $150,000 during each of the previous fiscal years ended up to April 30, 2012.

At April 30, 2013 Mr. Puseljic was owed $400,625 in unpaid fees On March 5, 2013 Mr. Puseljic entered a termination agreement with the company (the “Puseljic Termination Agreement”) pursuant to which upon the Company substantially completing the Restructuring Plan, Mr. Puseljic forgives all of the unpaid fees except for $20,031 which amount will be converted into five million three hundred twenty seven thousand four hundred and sixty (5,327,460) common shares of the Company’s stock upon the Company entering into cumulative fundraisings of at least one hundred and fifty thousand United States dollars ($150,000). During the year ended April 30, 2013 the Company substantially completed the Restructuring Plan. Resultantly, Mr. Puseljic forgave all of the unpaid fees except for $20,031.

Further, the unpaid fee balance of Dr. Asculai of $20,031 described in the following paragraph, together with the associated share conversion, was also transferred to Mr. Puseljic’s balance. Therefore, Mr. Puseljic’s balance of $40,062 is included in total unpaid remuneration balance as at January 31, 2016, which amount will be converted into ten million six hundred fifty four thousand nine hundred and twenty (10,654,920) common shares of the Company’s stock upon the Company entering into cumulative fundraisings of at least one hundred and fifty thousand United States dollars ($150,000).

The Company incurred monthly consulting fee expenses of $12,500 to either Biostrategies or Samuel Asculai, the Company’s then CEO and Director. The Company recorded $150,000 as an expense during each of the previous fiscal years ended up to April 30, 2012. At April 30, 2013, $400,625 of these expenses were unpaid On March 5, 2013 Biostrategies and Dr. Asculai entered a termination agreement with the Company (the “Asculai Termination Agreement”) pursuant to which upon the Company substantially completing the Restructuring Plan, Biostrategies and Dr. Asculai forgive all of the unpaid fees except for $20,031 which amount will be converted into five million three hundred twenty seven thousand four hundred and sixty (5,327,460) common shares of the Company’s stock upon the Company entering into cumulative fundraisings of at least one hundred and fifty thousand United States dollars ($150,000). During the previous year ended April 30, 2013 the Company substantially completed the Restructuring Plan. Resultantly, Dr. Asculai forgave all of the unpaid fees except for $20,031 which was transferred, together with the associated share conversion, to the balance of Mr. Puseljic, which amounted to $40,062 at January 31, 2016.

In addition, the outstanding balance as at January 31, 2016 includes $111,370 representing amounts due to related parties, which may be payable in shares, under the consulting and employment amendment agreements effective August 1, 2015 and signed on November 19 and November 25, 2015 as summarised above under Accounts Payable to Related Parties; Unpaid remuneration.

Balance owing to Mercuriali Ltd.

On July 12, 2010 the Company entered into a Termination and Settlement Agreement (the “Settlement Agreement”) with Mercuriali Ltd. (“Mercuriali”), a company controlled by Donald Nicholson, a then director of the Company and now a director and the Company’s President, Chief Executive Officer and Chief Financial Officer. The Settlement Agreement terminated a Letter of Intent between the Company and Mercuriali regarding a proposed merger between the Company and Mercuriali as part of a larger transaction involving the reverse merger of the Company into a company listed on AIM, a sub-market of the London Stock Exchange. Neither the merger between Mercuriali and the Company, nor the reverse merger of the Company and the AIM listed company took place. Under the Settlement Agreement, the Company agreed to pay Mercuriali expenses incurred pursuant to the Letter of Intent of GBP 22,082 payable at a rate of 5% of gross funds raised by the Company. After receiving proceeds from financing the Company will pay 5% of the gross proceeds to Mercuriali until the obligation has been paid. Other than the items provided for in the Termination Agreement, the Company and Mercuriali released each other from all claims relating to the Letter of Intent. Through the previous year ended April 30, 2012 the Company has raised $60,000 of funds from the issuance of Common Stock, 5% of this or $3,000 should have been paid to satisfy this obligation; however, only $1,500 was paid during the previous fiscal years ended April 30, 2013. As of July 31, 2015 the balance owed to Mercuriali is $33,188. Pursuant to a loan agreement between Mercuriali, Sam Asculai and the Company entered into effective March 4, 2013 as amended March 3, 2014, September 29, 2015 and January 22, 2016(the “Loan Agreement”), the amounts owing to Mercuriali under the Settlement Agreement became payable under the Loan Agreement in accordance with its terms. Upon the Company restructuring at least seventy five percent (75%) of its outstanding debt substantially in accordance with the Restructuring Plan and upon the Company raising additional financing of at least $250,000, Mercuriali shall convert the total amounts owed to it under the Loan Agreement into common shares of the Company at a conversion price of $0.00376 per share. The balance is secured by all of the assets of the Company and does not bear interest.

ADVANCES FROM A RELATED PARTY

As of January 31, 2016, the Company owes $96,489 (April 30, 2015 - $96,489) in respect of advances from Dr. Asculai, its former CEO and current Chief Scientific Officer and Chairman of the Board, pursuant to the Loan Agreement. This balance is to be paid in quarterly installments after the Company has cumulatively raised one million United States dollars. The Advances are secured by all of the assets of the Company and do not bear interest.

ADVANCES FROM A RELATED PARTY CONVERTIBLE INTO SHARES

These advances are from Mercuriali Ltd. pursuant to the Loan Agreement . As at January 31, 2016, Mercuriali has advanced a total of $233,998 (April 30, 2015 - $174,417) to the Company pursuant to the Loan Agreement. Mercuriali shall convert $183,523 of the amounts owed to it under the Loan Agreement into common shares of the Company at a conversion price of $0.00376 per share and $50,475 of the amounts owed to it under the Loan Agreement into common shares of the Company at a conversion price of $0.0047753 per share or, if lower, the conversion price at which the promissory note the Company issued to Vis Vires converts upon the Company raising additional financing of at least $250,000.

Effective September 29, 2015, the Company entered into a Loan Agreement (Amendment 3) with Mercuriali Ltd. and Samuel Asculai. This agreement amended loan agreements between the parties dated March 4, 2013 and March 3, 2014 and provided for a loan of US$45,000 from Mercuriali Ltd. and Samuel Asculai in the event no additional third party monies were received by the Company. Upon certain conditions set out in the Loan Agreement (Amendment 3), the amounts so loaned by Mercuriali Ltd. and Samuel Asculai will be convertible into common shares of the Company at the lower of $0.0047753 or the conversion price at which the promissory note the Company issued to Vis Vires converts. See Note 5; Convertible Promissory Note. The price of $0.0047753 was set at 58% of the average of the lowest three closing trading prices for the common stock during the ten trading days prior to September 25, 2015, on the calculation basis described in the Vis Vires promissory note.

Effective January 22, 2016, the Company entered into a Loan Agreement (Amendment 4) with Mercuriali Ltd. and Samuel Asculai. This agreement amends loan agreements between the parties dated March 4, 2013, March 3, 2014 and September 29, 2015 and provides for an increase in the loan amounts by Mercuriali Ltd. and Samuel Asculai in the event no additional third party monies are received by the Company from US$45,000 to US$90,000. Upon certain conditions set out in the Loan Agreement (Amendment 4), the amounts so loaned by Mercuriali Ltd. and Samuel Asculai will be convertible into common shares of the Company at the lower of $0.0047753 or the conversion price at which the promissory note the Company issued to Vis Vires converts.

The advances from Mercuriali Ltd and Samuel Asculai are secured on all of the assets of the Company and do not bear interest.

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Convertible Promissory Note

9 Months Ended

Jan. 31, 2016

Debt Disclosure [Abstract]

Convertible Promissory Note

NOTE 5. CONVERTIBLE PROMISSORY NOTE

On June 19, 2015, the Company issued a convertible promissory note in the amount of $43,000 to Vis Vires Group Inc. The loan became convertible 180 days after the date of the note. The loan and any accrued interest can be converted into shares of the Company’s common stock at a rate of 58% multiplied by the market price, which is the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. The Note also contains certain representations, warranties, covenants and events of default, and increases in the amount of the principal and interest rates under the Note in the event of such defaults.

On December 28, 2015, Vis Vires Group Inc. issued a notice of conversion and elected to convert $12,000 of the principal amount at an applicable conversion price of $0.0017 per share of common stock. Resultantly, the Company issued 7,058,824 shares of common stock.

On March 23, 2016 the outstanding principal amount and unpaid interest at 8% per annum in the total amount of $33,403 becomes immediately due and payable. In the event of non-payment the company becomes due to pay 150% of the then outstanding principal plus interest and the interest rate increases to 22% per annum until repaid or conversion takes place. The holder’s ability to convert the note, however, is limited in that it will not be permitted to convert any portion of the note if the number of shares of our common stock beneficially owned by the holder and its affiliates, together with the number of shares of our common stock issuable upon any full or partial conversion, would exceed 9.99% of our outstanding shares of common stock. The holder has the right to waive this term upon 61 days’ notice to us.

The Company’s management has determined the beneficial conversion feature of the note in accordance with the requirements of ASC Topic 470. The beneficial conversion feature determined at the time of note issuance has been credited to additional paid-in-capital and will be accreted over the term of the note as detailed below:

	$
Face value of convertible promissory note issued during Q1 2015-2016	43,000
Beneficial conversion features credited to additional paid-in-capital during Q1 2015-2016	(29,449	)
Accretion expense on convertible promissory note for Q1 2015-2016	4,555
Accreted value of convertible promissory note as at July 31, 2015	18,106
Accretion expense on convertible promissory note for Q2 2015-2016	9,746
Accreted value of convertible promissory note as at October 31, 2015	27,852
Accretion expense on convertible promissory note for Q3 2015-2016	8,657
Conversion during Q3 2015-2016	(12,000	)
Accreted value of convertible promissory note as at January 31, 2016	24,509

Accretion expense of $8,657 and interest expense of $778 were recognized during the three months ended January 31, 2016 (also refer to note 7).

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Stockholders' Deficit

9 Months Ended

Jan. 31, 2016

Equity [Abstract]

Stockholders' Deficit

NOTE 6. STOCKHOLDERS’ DEFICIT

COMMON SHARES - AUTHORIZED

As at January 31, 2016, the Company had 600,000,000 common shares authorized. The common shares have a $0.001 par value. All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they chose to do so, elect all of the directors of the Company.

On July 3, 2015, the Company’s Board of Directors unanimously approved the amendment to Articles of Incorporation (the “Articles of Amendment”) to increase authorized stock from 300,000,000 shares of common stock with a par value of $0.001 to 600,000,000 shares of common stock with a par value of $0.001 per share. Subsequent to the approval of the amendment by the Board of Directors, on July 3, 2015, the holders of the majority of the outstanding shares of common stock of the Company provided written consent to the Articles of Amendment. A Preliminary Information Statement was filed with the SEC on July 7, 2015. The Definitive Information Statement was filed with the SEC, and mailed to all stockholders of record as of the record date, on July 20, 2015. The Articles of Amendment to our Articles of Incorporation were filed with the Nevada Secretary of State on August 17, 2015, and became effective, on that date.

On August 1, 2015, the Company issued 1,937,500 shares of common stock to a consultant. These shares were valued at a rate of $0.007 per share, being the market value on that date, and consulting charges amounting to $13,562 is included in condensed consolidated statements of operations and comprehensive loss.

On August 19, 2015, the Company issued 2,000,000 shares of common stock to a consultant. These shares were valued at a rate of $0.007 per share, being the market value on that date, and marketing amounting to $14,000 is included in condensed consolidated statements of operations and comprehensive loss.

On December 28, 2015, the Company issued 7,058,824 shares of common stock to Vis Vires Group Inc. pursuant to notice of conversion as explained in Note 5 to the condensed consolidated financial statements.

COMMON SHARES - ISSUED AND OUTSTANDING

As at January 31, 2016 there were 112,014,205 shares of common stock issued out of the authorized 600,000,000 common shares.

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Interest Expense

9 Months Ended

Jan. 31, 2016

Other Income and Expenses [Abstract]

Interest Expense

NOTE 7. INTEREST EXPENSE

	Three months		Three months		Nine months		Nine months
	ended,		ended,		ended,		ended,
	January 31, 2016		January 31, 2015		January 31, 2016		January 31, 2015
	$		$		$		$
Beneficial conversion feature on advances from a related party		28,997		12,171		51,163		45,333
Accretion expense on convertible promissory note		8,657		—		22,958		—
Interest expense on convertible promissory note		778		—		2,050		—
Total interest expense		38,432		12,171		76,171		45,333

Interest expense represents beneficial conversion feature of the advances from a related party convertible into shares, expensed immediately due to short term conversion terms of these advances. Accretion expense and interest expense are recorded on the convertible promissory note (see note 5).

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Business Acquisition

9 Months Ended

Jan. 31, 2016

Business Combinations [Abstract]

Business Acquisition

NOTE 8. BUSINESS ACQUISITION

ASC Topic 805, “Business Combinations” requires that all business combinations be accounted for using the acquisition method and that certain identifiable intangible assets acquired in a business combination be recognized as assets apart from goodwill. ASC Topic 350, “Intangibles-Goodwill and Other” (“ASC 350”) requires goodwill and other identifiable intangible assets with indefinite useful lives not be amortized, such as trade names, but instead tested at least annually for impairment (which the Company tests each year end, absent any impairment indicators) and be written down if impaired. ASC 350 requires that goodwill be allocated to its respective reporting unit and that identifiable intangible assets with finite lives be amortized over their useful lives.

Pursuant to Share Purchase Agreement (the “Agreement”) dated October 31, 2015, among the Company, Mercuriali Ltd. a Corporation incorporated under the laws of United Kingdom (100% owner of issued and outstanding share of Visible Youth Ltd.) and Donald Nicholson, the Company acquired 100% of the issued and outstanding shares of Visible Youth Ltd. for a consideration of $2,500. As a result of this transaction, Visible Youth Ltd. became a wholly owned subsidiary of the Company. The Company intends to use Visible Youth Limited for the marketing of its products in the European Union.

This acquisition was accounted for using the acquisition method of accounting. Visible Youth Ltd. did not have any assets or liabilities as at October 31, 2015.

Goodwill of $1 represents the excess of cost over fair value of net assets acquired, less impairment.

The Company test for impairment of goodwill at the reporting unit level. In assessing whether goodwill is impaired, the Company utilize the two-step process as prescribed by ASC 350. The first step of this test compares the fair value of the reporting unit, determined based upon discounted estimated future cash flows, to the carrying amount, including goodwill. If the fair value exceeds the carrying amount, no further work is required and no impairment loss is recognized. If the carrying amount of the reporting unit exceeds the fair value, the goodwill of the reporting unit is potentially impaired and step two of the goodwill impairment test would need to be performed to measure the amount of an impairment loss, if any. In the second step, the impairment is computed by comparing the implied fair value of the reporting unit’s goodwill with the carrying amount of the goodwill. If the carrying amount of the reporting unit’s goodwill is greater than the implied fair value of its goodwill, an impairment loss in the amount of the excess is recognized and charged to statement of operations.

Management decided to immediately impair goodwill amounting to $2,499 and brought it at $1 as Visible Youth Ltd. was inactive as at October 31, 2015.

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Subsequent Events

9 Months Ended

Jan. 31, 2016

Subsequent Events [Abstract]

Subsequent Events

NOTE 9. SUBSEQUENT EVENTS

The Company’s management has evaluated subsequent events up to March 4, 2016, the date the condensed financial statements were issued, pursuant to the requirements of ASC Topic 855 and has determined the following material subsequent events to report.

During February 2016, the Company issued 1,937,500 shares of common stock to a consultant in part payment of services to project manage and develop the Visible Youth™ consumer skin care brand for its relaunch. These shares were valued at a rate of $0.00733 per share.

Effective March 1, 2016 the Company has appointed VStock Transfer, LLC, 18 Lafayette Place, Woodmere NY 11598 as its transfer agent.

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Related Party Transactions and Balances (Tables)

9 Months Ended

Jan. 31, 2016

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

The details of related party balances are as follows:

	January 31, 2016 $		April 30, 2015 $
Unpaid remuneration		47,730		—
Unreimbursed expenses		457		457
Accounts payable to related parties		48,187		457
Unpaid remuneration		151,432		40,062
Balances owing to Mercuriali Ltd.		33,188		33,188
Accounts payable to related parties convertible into shares		184,620		73,250
Advances from a related party		96,489		96,489
Advances from a related party convertible into shares		233,998		174,417

XML

Convertible Promissory Note (Tables)

9 Months Ended

Jan. 31, 2016

Debt Disclosure [Abstract]

Schedule of Convertible Notes

The Company’s management has determined the beneficial conversion feature of the note in accordance with the requirements of ASC Topic 470. The beneficial conversion feature determined at the time of note issuance has been credited to additional paid-in-capital and will be accreted over the term of the note as detailed below:

	$
Face value of convertible promissory note issued during Q1 2015-2016	43,000
Beneficial conversion features credited to additional paid-in-capital during Q1 2015-2016	(29,449	)
Accretion expense on convertible promissory note for Q1 2015-2016	4,555
Accreted value of convertible promissory note as at July 31, 2015	18,106
Accretion expense on convertible promissory note for Q2 2015-2016	9,746
Accreted value of convertible promissory note as at October 31, 2015	27,852
Accretion expense on convertible promissory note for Q3 2015-2016	8,657
Conversion during Q3 2015-2016	(12,000	)
Accreted value of convertible promissory note as at January 31, 2016	24,509

XML

Interest Expense (Tables)

9 Months Ended

Jan. 31, 2016

Other Income and Expenses [Abstract]

Summary of Interest Expense

	Three months		Three months		Nine months		Nine months
	ended,		ended,		ended,		ended,
	January 31, 2016		January 31, 2015		January 31, 2016		January 31, 2015
	$		$		$		$
Beneficial conversion feature on advances from a related party		28,997		12,171		51,163		45,333
Accretion expense on convertible promissory note		8,657		—		22,958		—
Interest expense on convertible promissory note		778		—		2,050		—
Total interest expense		38,432		12,171		76,171		45,333

XML

Going Concern (Details Narrative) - USD ($)	9 Months Ended
	Jan. 31, 2016	Mar. 23, 2016	Jan. 22, 2016	Oct. 31, 2015	Jul. 31, 2015	Jun. 19, 2015	Apr. 30, 2015
Working capital deficit	$ 853,746
Accumulated deficit	2,870,776						$ 2,476,581
Value of convertible promissory note issued	24,509			$ 27,852	$ 18,106	$ 43,000	$ 43,000
Due and payable	$ 47,730	$ 33,403
Convertible promissory note interest rate percentage		8.00%
Percentage of non-payment due to pay of outstanding principal plus interest rate		150.00%
Percentage of interest reate increases per annum until repaid		22.00%
Exceed common stock description	exceed 9.99% of our outstanding shares of common stock.
Prior to November 20, 2016 [Member]
Minimum cumulative financings arrangement	$ 1,000,000
Mercuriali Ltd [Member]
Advance from related party			$ 90,000
Vis Vires Group Inc [Member]
Value of convertible promissory note issued						$ 43,000

XML

Related Party Transactions And Balances (Details Narrative)							2 Months Ended	3 Months Ended		9 Months Ended	12 Months Ended
	Oct. 31, 2015 USD ($) $ / shares shares	Sep. 29, 2015 USD ($) $ / shares	Apr. 30, 2013 USD ($) shares	Mar. 05, 2013 USD ($) shares	Apr. 30, 2012 USD ($)	May. 12, 2010 USD ($) shares	Jan. 31, 2016 USD ($) $ / shares	Jan. 31, 2016 USD ($) $ / shares	Oct. 31, 2015 USD ($) $ / shares	Jan. 31, 2016 USD ($) $ / shares	Apr. 30, 2013 USD ($)	Apr. 30, 2012 USD ($)	Mar. 23, 2016 USD ($)	Jan. 22, 2016 USD ($) $ / shares	Nov. 02, 2015 USD ($)	Jul. 31, 2015 USD ($)	Apr. 30, 2015 USD ($)	Jul. 12, 2010 GBP (£)
Outstanding balance							$ 47,730	$ 47,730		$ 47,730			$ 33,403
Pay total aggregate sum									$ 80,000
Percentage of satisifed common shares of corporation								70.00%	70.00%
Conversion price per share | $ / shares	$ 0.00406						$ 0.00406	$ 0.00406	$ 0.00406	$ 0.00406
Percentage of note converts in cash								30.00%	30.00%
Expenses recorded during the period											$ 400,625	$ 150,000
Percentage of accounts payable from gross funds																		5.00%
Fund raised from issuance of common stock					$ 60,000
Amount paid to satisfy the obligation					$ 3,000						1,500
Additional financing arrangement							$ 1,906,848	$ 1,906,848		$ 1,906,848							$ 1,797,671
GBP [Member]
Letter of intent | £																		£ 22,082
Mr. Puseljic [Member]
Due to related party with expenses incurred by behalf of company							111,370	111,370		111,370
Ownership percentage						5.00%
Number of service agreement years with company						10 years
Outstanding billed amount by related party						$ 150,000
Amount owed to unpaid fees			$ 400,625								400,625
Value of unpaid fee converted into common shares			$ 20,031								20,031
Unpaid fee converted into number of shares | shares	10,654,920		5,327,460
Minimum amount of cumulative fundraisings			$ 150,000				150,000	150,000		150,000	$ 150,000
Unpaid remuneration							40,062	40,062		40,062
Dr. Asculai [Member]
Due to related parties							96,489	96,489		96,489							96,489
Value of unpaid fee converted into common shares				$ 20,031
Unpaid fee converted into number of shares | shares				5,327,460
Minimum amount of cumulative fundraisings				$ 150,000
Unpaid remuneration				$ 40,062
Expenses Incurred On Behalf of Company [Member]
Due to related party with expenses incurred by behalf of company							457	457		457
Biostrategies Consulting Group Inc [Member]
Number of shares outstanding | shares						27,500,000
Biostrategies Consulting Group Inc [Member] | Dr. Samuel Asculai [Member]
Ownership percentage						100.00%
Drasko Puseljic [Member]
Number of shares transferred in transaction | shares						9,166,666
Biostrategies Or Samuel Asculai [Member]
Consulting fee expenses	$ 12,500								$ 12,500
Mercuriali [Member]
Due to related parties							$ 233,998	$ 233,998		$ 233,998						$ 33,188	$ 174,417
Common stock conversion price per share | $ / shares							$ 0.00376	$ 0.00376		$ 0.00376
Conversion of stock value converted										$ 183,523
Mercuriali [Member] | Loan Agreement [Member]
Due to related parties							$ 50,475	$ 50,475		50,475
Additional financing arrangement							$ 250,000	$ 250,000		$ 250,000
Common stock conversion price per share | $ / shares							$ 0.00376	$ 0.00376		$ 0.00376
Mercuriali Ltd. and Samuel Asculai [Member] | Loan Agreement [Member]
Percentage of avarage lowest three closing trading prices		58.00%
Due to related parties		$ 45,000												$ 90,000
Common stock conversion price per share | $ / shares		$ 0.0047753												$ 0.0047753
Prior to November 20, 2016 [Member]
Minimum cumulative financings arrangement							$ 1,000,000	$ 1,000,000		$ 1,000,000
Upto Fourteen Hours Of Services Per Week [Member]
Service fee obligations															$ 7,000
Excess Of Fourteen Hours Of Services Per Week [Member]
Service fee obligations															100
Upto Twenty Five Hours Of Services Per Quarter [Member] | Botnevik Services Agreements [Member]
Service fee obligations															2,500
Excess Of Twenty Five Hours Of Services Per Quarter [Member] | Botnevik Services Agreements [Member]
Service fee obligations															$ 100
Ten Trading Days Prior to November 19, 2015 [Member]
Conversion price per share | $ / shares							$ 0.00406	$ 0.00406		$ 0.00406
Percentage of avarage lowest three closing trading prices							58.00%

XML

Related Party Transactions And Balances - Schedule of Related Party Transactions (Details) - USD ($)	Jan. 31, 2016	Apr. 30, 2015
Related Party Transactions [Abstract]
Unpaid remuneration	$ 47,730
Unreimbursed expenses	457	$ 457
Accounts payable to related parties	48,187	457
Unpaid remuneration	151,432	40,062
Balances owing to Mercuriali Ltd.	33,188	33,188
Accounts payable to related parties convertible into shares	184,620	73,250
Advances from a related party	96,489	96,489
Advances from a related party convertible into shares	$ 233,998	$ 174,417

XML

Convertible Promissory Note (Details Narrative)			3 Months Ended				9 Months Ended
	Dec. 28, 2015 USD ($) $ / shares shares	Jun. 19, 2015 USD ($)	Jan. 31, 2016 USD ($) $ / shares	Oct. 31, 2015 USD ($) $ / shares	Jul. 31, 2015 USD ($)	Jan. 31, 2015 USD ($)	Jan. 31, 2016 USD ($) $ / shares	Jan. 31, 2015 USD ($)	Mar. 23, 2016	Apr. 30, 2015 USD ($)
Value of convertible promissory note issued		$ 43,000	$ 24,509	$ 27,852	$ 18,106		$ 24,509			$ 43,000
Convertible promissory note interest rate percentage									8.00%
Loan and accrued interest coversion description		The loan and any accrued interest can be converted into shares of the Company’s common stock at a rate of 58% multiplied by the market price, which is the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date.
Convertible promissory note conversion period		180 days
Conversion of loan and accrued interest percentage of stock conversion		0.58
Conversion price per share | $ / shares			$ 0.00406	$ 0.00406			$ 0.00406
Percentage of non-payment due to pay of outstanding principal plus interest rate									150.00%
Percentage of interest reate increases per annum until repaid									22.00%
Accretion expense			$ 8,657	$ 9,746	$ 4,555		$ 22,958
Interest expense			38,432			$ 12,171	76,171	$ 45,333
Interest Expense [Member]
Accretion expense			8,657				22,958
Interest expense			$ 778				$ 2,050
March 23, 2016 [Member]
Convertible promissory note interest rate percentage			8.00%				8.00%
Convertible debt, current			$ 33,403				$ 33,403
Percentage of non-payment due to pay of outstanding principal plus interest rate			150.00%				150.00%
Percentage of interest reate increases per annum until repaid			22.00%				22.00%
Percentage of exceed outstanding shares of common stock							9.99%
Vis Vires Group Inc [Member]
Priniciapl amount	$ 12,000
Conversion price per share | $ / shares	$ 0.0017
Number of common stock issued during period | shares	7,058,824

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Convertible Promissory Note - Schedule of Convertible Notes (Details) - USD ($)	3 Months Ended			9 Months Ended
	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Debt Disclosure [Abstract]
Face value of convertible promissory note issued	$ 27,852	$ 18,106	$ 43,000	$ 43,000
Beneficial conversion features credited to additional paid-in-capital			(29,449)
Accretion expense on convertible promissory note	8,657	9,746	4,555	22,958
Accreted value of convertible promissory note	(12,000)
Face value of convertible promissory note issued	$ 24,509	$ 27,852	$ 18,106	$ 24,509

XML

Stockholders' Deficit (Details Narrative) - USD ($)	Jan. 31, 2016	Dec. 28, 2015	Aug. 19, 2015	Aug. 02, 2015	Jul. 03, 2015	Apr. 30, 2015
Common Stock, Shares Authorized	600,000,000				300,000,000	300,000,000
Common Stock, Par Value	$ 0.001				$ 0.001	$ 0.001
Minimum percentage of common stock held for voting rights	50.00%
Increased number of common shares authorized					600,000,000
Increased number of common shares, Par Value					$ 0.001
Common Stock, Shares Issued	112,014,205					101,017,881
Common Stock, Shares Outstanding	112,014,205					101,017,881
Consultant [Member]
Common Stock, Par Value			$ 0.007	$ 0.007
Common Stock, Shares Issued			2,000,000	1,937,500
Consulting charges			$ 14,000	$ 13,562
Vis Vires Group Inc [Member]
Common Stock, Shares Issued		7,058,824

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Interest Expense - Summary of Interest Expense (Details) - USD ($)	3 Months Ended				9 Months Ended
	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Beneficial conversion feature on advances from a related party			$ (29,449)
Accretion expense on convertible promissory note	$ 8,657	$ 9,746	$ 4,555		$ 22,958
Interest expense on convertible promissory note	38,432			$ 12,171	76,171	$ 45,333
Interest Expense [Member]
Beneficial conversion feature on advances from a related party	28,997			$ 12,171	51,163	$ 45,333
Accretion expense on convertible promissory note	8,657				22,958
Interest expense on convertible promissory note	778				2,050
Total interest expense	$ 38,432			$ 12,171	$ 76,171	$ 45,333

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Business Acquisition (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2015	Jan. 31, 2016	Apr. 30, 2015
Business acquisition consideration transferred	$ 2,500
Goodwill less impairment of assets		$ 1
Goodwill impairment	$ 2,499
Visible Youth Ltd [Member]
Percentage of ownership in subsidiary	100.00%
Goodwill less impairment of assets	$ 1

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Subsequent Events (Details Narrative) - Subsequent Event [Member] - Visible Youth Ltd [Member]	1 Months Ended
	Feb. 29, 2016 $ / shares shares
Common stock issued during peirod for consultant services | shares	1,937,500
Share valued rate per share price | $ / shares	$ 0.00733