10-Q

FORM 10-Q

U.S Securities and Exchange Commission

Washington, D.C. 20549

(Mark One)

x	Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
	For the Quarterly Period Ended September 30, 2013
o	Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
	For the Quarterly Transition Period From to ___________

Commission File No. 333-146163

OSLER INCORPORATED
(Name of Small Business Issuer in its Charter)
Nevada	20-8195637
(State of Incorporation)	(I.R.S. Employer Identification No.)

900 S.E. 3rd Avenue, Suite 202, Fort Lauderdale, FL 33316

(Address of Principal Executive Offices)

(954) 767-6339

(Registrant’s Telephone Number, Including Area Code)

(Former Name, Address and Fiscal Year, if Changed Since Last Report)

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 o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes o No o

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 the definitions of “large accelerated filer”, “accelerated filer”, and “smaller reporting company” in Rule 12b-2 of the Exchange Act.) (Check one):

Large accelerated filer o Accelerated filer o Non-accelerated filer o Smaller reporting company x

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of Exchange Act):

Yes x No o

The number of shares outstanding of the Registrant’s Common Stock, par value $.001 per share, on November 13, 2013 was 2,505,014 shares.

OSLER INCORPORATED

FORM 10-Q

For the Quarterly Period Ended September 30, 2013

TABLE OF CONTENTS

PART I
	Item 1     Financial Statements
	Item 2     Management’s Discussion and Analysis of Financial Condition and Results of Operations	7
	Item 3     Quantitative Disclosures Regarding Market Risks	7
	Item 4T   Controls and Procedures	7
PART II
	Item 1      Legal Proceedings	8
	Item 1A   Risk Factors	8
	Item 2      Unregistered Sales of Equity Securities and Use of Proceeds	8
	Item 3      Defaults upon Senior Securities	8
	Item 4      (Removed and Reserved)	8
	Item 5      Other Information	8
	Item 6      Exhibits and Reports on Form 8-K	8
SIGNATURES		8
EXHIBIT 31.1
EXHIBIT 32.1

PART I – FINANCIAL INFORMATION

Item 1: Financial Statements

OSLER INCORPORATED

(A DEVELOPMENT STAGE COMPANY)

CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2013

OSLER INCORPORATED

(A DEVELOPMENT STAGE COMPANY)

CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2013

TABLE OF CONTENTS

CONDENSED FINANCIAL STATEMENTS

Balance Sheets	1
Statements of Operations	2
Statements of Cash Flows	3
Notes to Financial Statements	4-6

OSLER INCORPORATED

(A DEVELOPMENT STAGE COMPANY)

CONDENSED BALANCE SHEETS 

	(UNAUDITED)			(AUDITED)
	SEPTEMBER 30,			JUNE 30,
	2013			2013
ASSETS
CURRENT ASSETS:
Cash	$	77		$	60
TOTAL ASSETS	$	77		$	60
LIABILITIES AND SHAREHOLDERS’ (DEFICIENCY)
CURRENT LIABILITIES:
Accounts Payable and Accrued Expenses	$	11,886		$	3,741
TOTAL CURRENT LIABILITIES		11,886			3,741
SHAREHOLDERS’ (DEFICIENCY):
Preferred Stock - $.001 Par Value; 5,000,000 Shares Authorized; No Shares Issued and Outstanding		—			—
Common Stock - $.001 Par Value; 75,000,000 Shares Authorized; 2,505,014 Shares Issued and Outstanding		2,505			2,505
Additional Paid-In Capital		186,306			182,906
(Deficit) Accumulated During the Development Stage		(200,620	)		(189,092	)
TOTAL SHAREHOLDERS’ (DEFICIT)		(11,809	)		(3,681	)
TOTAL LIABILITIES AND SHAREHOLDERS’ (DEFICIT)	$	77		$	60

See accompanying notes to financial statements. 

-1-

OSLER INCORPORATED

(A DEVELOPMENT STAGE COMPANY)

CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

							Development Stage
							July 30, 2004
							(Inception)
	Three Months Ended						through
	September 30,			September 30,			September 30,
	2013			2012			2013
REVENUES	$	—		$	—		$	—
GENERAL AND ADMINISTRATIVE EXPENSES		(11,528	)		(11,788	)		(208,585	)
(LOSS) FROM OPERATIONS		(11,528	)		(11,788	)		(208,585	)
OTHER INCOME		—			—			7,965
NET (LOSS)	$	(11,528	)	$	(11,788	)	$	(200,620	)
NET (LOSS) PER SHARE:
Basic and Diluted	$	(.00	)		(.00	)	$	(.06	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING – BASIC AND DILUTED		2,505,014			2,505,014			3,323,707

See accompanying notes to financial statements.

-2-

OSLER INCORPORATED

(A DEVELOPMENT STAGE COMPANY)

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

							Development Stage
							July 30, 2004
	Three Months Ended						through
	September 30,			September 30,			September 30,
	2013			2012			2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (Loss)	$	(11,528	)	$	(11,788	)	$	(200,620	)
Adjustments to Reconcile Net (Loss) to Net
Cash (Used) by Operating Activities:
Depreciation		—			—			170
Impairment		—			—			3,565
Changes in Operating Assets and Liabilities:
Accounts Payable and Accrued Expenses		8,145			3,564			18,283
NET CASH (USED) BY OPERATING ACTIVITIES		(3,383	)		(8,224	)		(178,602	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of Property and Equipment		—			—			(3,735	)
NET CASH (USED) BY INVESTING ACTIVITIES		—			—			(3,735	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash Received from Shareholder Advances		—			—			27,800
Proceeds from Sale of Stock		—			—			54,866
Contributions to Capital		3,400			7,500			99,748
NET CASH PROVIDED BY FINANCING ACTIVITIES		3,400			7,500			182,414
NET INCREASE (DECREASE) IN CASH		17			(724	)		77
CASH – Beginning of Period		60			958			—
CASH – End of Period	$	77		$	234		$	77
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash Paid for Taxes and Interest	$	—		$	—		$	—

See accompanying notes to financial statements. 

-3-

OSLER INCORPORATED

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

NOTE A	-	BUSINESS AND ACCOUNTING POLICIES –
		Business:
			Osler Incorporated (“Osler”) was incorporated in the State of Nevada on July 30, 2004. The Company’s office is in Fort Lauderdale, Florida.
			“Osler” is a “shell company” as defined by the Securities and Exchange Commission to be an entity with no or nominal operations, and with no or nominal assets or assets consisting of solely cash and cash equivalents.
			The Company is in the process of raising capital and seeking potential merger candidates. Accordingly, the Company is classified as a “development stage company”.
		Basis of Presentation:
			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 omitted from these condensed financial statements. The Company believes the disclosures presented are adequate to make the information not misleading.
			These condensed financial statements reflect all normal adjustments that, in the opinion of management, are necessary for fair presentation of the information contained herein. These financial statements should be read in conjunction with the Company’s audited financial statements and accompanying notes for the year ended June 30, 2013.
		Going Concern:
			The Company has suffered recurring losses from operations and has no operating revenues. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is presently seeking to raise additional capital through private equity investments and/or merger with an operating company. The accompanying financial statements have been prepared on the basis of a going concern, and do not reflect any adjustments from an alternative assumption.
		Estimates:
			The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period. Actual results may differ from the estimates and assumptions used in preparing the financial statements.

-4-

OSLER INCORPORATED

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

NOTE A	-	BUSINESS AND ACCOUNTING POLICIES – (continued) –
		Income Taxes:
			Income taxes are determined based upon income and expenses recorded for financial reporting purposes. Deferred taxes are recorded for estimated future tax effect of differences between the bases of assets and liabilities for financial reporting and income tax purposes giving consideration to enacted tax laws. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized.
			The Company recognizes the tax benefits from uncertain positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Management does not believe there were any uncertain tax positions taken by the Company.
			The tax benefits from uncertain positions recognized are reflected at the amounts most likely to be sustained on examination.
		Earnings Per Share:
			Basic earnings (loss) per share are computed by dividing income (loss) available to common shareholders by the weighted average number of shares outstanding during the period. Diluted earnings (loss) per share are similar to basic earnings (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if potentially dilutive common shares had been issued. There were no potentially dilutive common shares outstanding during the periods presented.
NOTE B	-	INCOME TAXES –
		Net Operating Loss Carryforward:
			As of September 30, 2013, the Company has a net operating loss carryforward of approximately $200,000, which may be carried forward to 2033, to offset future taxable income.
		Uncertain Tax Positions:
			The Company’s income tax returns are subject to examination for years subsequent to June 30, 2010. The Company is not currently under any state or Federal tax exams.

-5-

OSLER INCORPORATED

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

NOTE C	-	SHAREHOLDERS’ EQUITY –
		During the three months ended September 30 2013, the Company’s principal shareholder advanced funds to the Company. The advances are classified as additional paid in capital in the accompanying financial statements.
NOTE D	-	SUBSEQUENT EVENTS –
		The Company has evaluated the need to disclose events subsequent to the balance sheet date through the filing of this Form 10Q and have no events to report.

-6-

Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations

Caution about forward-Looking Statements

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, or “continue”, or the negative of these terms or comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as may be required by applicable laws, including the Securities Laws of the United States, we do not intend to up-date any of the forward-looking statements to conform these statements to actual results.

Our unaudited financial statements are prepared in accordance with United States generally accepted accounting principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

As used in this quarterly report, the terms “we”, “us”, “our”, “our Company”, and “Osler” means Osler Incorporated, unless otherwise indicated.

Overview

Osler Incorporated, a development stage company, was incorporated on July 30, 2004 under the laws of the State of Nevada to engage in the mining business. Effective September 1, 2008, we discontinued our business efforts relating to mining and we are currently seeking new economic opportunities, including a merger transaction. No assurance can be given that we will be successful in identifying or negotiating such a transaction.

Results of Operations

For the three months ended September 30, 2013, the Company had a net loss of $ 11,528, as compared to a net loss of $ 11,788 for the same period in 2012. The decrease of $ 260 in 2013 is not material.

General and administrative expenses for the three month period ended September 30, 2013 were $ 11,528, as compared to $ 11,788 for the same period in 2012. The decrease of $ 260 in 2013 is not material.

Revenues

We have not earned any revenues since our inception, and we do not anticipate earning any revenues in the upcoming quarter.

Liquidity

During the three month period ended September 30, 2013, the Company satisfied its working capital needs by shareholder loans. As of September 30, 2013, the Company had cash on hand in the amount of $77. Management does not expect that the current level of cash on hand will be sufficient to fund our operations for the next twelve month period. If additional funds are required to maintain operations, we may be able to obtain loans from our shareholders, but there are currently no agreements or understandings in place for such loans. We may also be able to obtain additional funding in the form of equity financing from the sale of our common stock. However, we do not have any arrangements or understandings in place for any future equity financing.

Item 3: Quantitative Disclosures Regarding Market Risks

As a “smaller reporting company” (as defined by Item 10 of Regulation S-K), we are not required to provide the information required by this Item, as defined by Regulation S-K Item 305(e).

Item 4T: Controls and Procedures.

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer, to allow for timely decisions regarding required disclosure. In designing and evaluating our disclosure controls and procedures, our management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and our management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

-7-

As of September 30, 2013, the end of the three month period covered by this report, our principal executive officer and principal financial officer carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures were effective as of the end of the three month period covered by this report.

There have been no changes in our internal controls over financial reporting that occurred during the three months ended September 30, 2013 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

PART II - OTHER INFORMATION

Items 1: Legal Proceedings

None

Item 1A: Risk Factors

As a “smaller reporting company” (as defined by Item 10 of Regulation S-K), we are not required to provide information required by this Item.

Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds
None
Item 3:	Defaults upon Senior Securities

None
Item 4:	[Removed and Reserved]
None
Item 5:	Other Information
None
Item 6:	Exhibits and Reports on Form 8-K

(a) 31.1 Certification of Principal Executive Officer and Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1 Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(b) None

SIGNATURES:

Pursuant to the requirements 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 November __, 2013.

/s/ C. Leo Smith

C. Leo Smith, President

-8-

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, C. Leo Smith, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Osler Incorporated;

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(s) 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;

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.

Dated: November __, 2013

/s/ C. Leo Smith

C. Leo Smith

President, Chief Executive Officer and

Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C., SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, C. Leo Smith, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of Osler Incorporated for the period ended September 30, 2013 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Osler Incorporated.

Dated: November __, 2013
	/s/ C. Leo Smith
	C. Leo Smith, President,
	Chief Executive Officer and
	Chief Financial Officer

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CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)	3 Months Ended		110 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Income Statement [Abstract]
REVENUES
GENERAL AND ADMINISTRATIVE EXPENSES	(11,528)	(11,788)	(208,585)
(LOSS) FROM OPERATIONS	(11,528)	(11,788)	(208,585)
OTHER INCOME			7,965
NET (LOSS)	$ (11,528)	$ (11,788)	$ (200,620)
NET (LOSS) PER SHARE:
Basic and Diluted (in dollars per share)	$ 0.00	$ 0.00	$ (0.06)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED (in shares)	2,505,014	2,505,014	3,323,707

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NOTE A - BUSINESS AND ACCOUNTING POLICIES (Policies)

3 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Business:

Business:
	Osler Incorporated (“Osler”) was incorporated in the State of Nevada on July 30, 2004. The Company’s office is in Fort Lauderdale, Florida.
	“Osler” is a “shell company” as defined by the Securities and Exchange Commission to be an entity with no or nominal operations, and with no or nominal assets or assets consisting of solely cash and cash equivalents.
	The Company is in the process of raising capital and seeking potential merger candidates. Accordingly, the Company is classified as a “development stage company”.

Basis of Presentation:

Basis of Presentation:
	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 omitted from these condensed financial statements. The Company believes the disclosures presented are adequate to make the information not misleading.
	These condensed financial statements reflect all normal adjustments that, in the opinion of management, are necessary for fair presentation of the information contained herein. These financial statements should be read in conjunction with the Company’s audited financial statements and accompanying notes for the year ended June 30, 2013.

Going Concern:

Going Concern:

The Company has suffered recurring losses from operations and has no operating revenues. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is presently seeking to raise additional capital through private equity investments and/or merger with an operating company. The accompanying financial statements have been prepared on the basis of a going concern, and do not reflect any adjustments from an alternative assumption.

Estimates:

Estimates:

The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period. Actual results may differ from the estimates and assumptions used in preparing the financial statements.

Income Taxes:

Income Taxes:
	Income taxes are determined based upon income and expenses recorded for financial reporting purposes. Deferred taxes are recorded for estimated future tax effect of differences between the bases of assets and liabilities for financial reporting and income tax purposes giving consideration to enacted tax laws. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized.
	The Company recognizes the tax benefits from uncertain positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Management does not believe there were any uncertain tax positions taken by the Company.
	The tax benefits from uncertain positions recognized are reflected at the amounts most likely to be sustained on examination.

Earnings Per Share:

Earnings Per Share:

Basic earnings (loss) per share are computed by dividing income (loss) available to common shareholders by the weighted average number of shares outstanding during the period. Diluted earnings (loss) per share are similar to basic earnings (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if potentially dilutive common shares had been issued. There were no potentially dilutive common shares outstanding during the periods presented.

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BUSINESS AND ACCOUNTING POLICIES

3 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

BUSINESS AND ACCOUNTING POLICIES

NOTE A	-	BUSINESS AND ACCOUNTING POLICIES –
		Business:
			Osler Incorporated (“Osler”) was incorporated in the State of Nevada on July 30, 2004. The Company’s office is in Fort Lauderdale, Florida.
			“Osler” is a “shell company” as defined by the Securities and Exchange Commission to be an entity with no or nominal operations, and with no or nominal assets or assets consisting of solely cash and cash equivalents.
			The Company is in the process of raising capital and seeking potential merger candidates. Accordingly, the Company is classified as a “development stage company”.
		Basis of Presentation:
			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 omitted from these condensed financial statements. The Company believes the disclosures presented are adequate to make the information not misleading.
			These condensed financial statements reflect all normal adjustments that, in the opinion of management, are necessary for fair presentation of the information contained herein. These financial statements should be read in conjunction with the Company’s audited financial statements and accompanying notes for the year ended June 30, 2013.
		Going Concern:
			The Company has suffered recurring losses from operations and has no operating revenues. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is presently seeking to raise additional capital through private equity investments and/or merger with an operating company. The accompanying financial statements have been prepared on the basis of a going concern, and do not reflect any adjustments from an alternative assumption.
		Estimates:
			The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period. Actual results may differ from the estimates and assumptions used in preparing the financial statements.

Income Taxes:
	Income taxes are determined based upon income and expenses recorded for financial reporting purposes. Deferred taxes are recorded for estimated future tax effect of differences between the bases of assets and liabilities for financial reporting and income tax purposes giving consideration to enacted tax laws. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized.
	The Company recognizes the tax benefits from uncertain positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Management does not believe there were any uncertain tax positions taken by the Company.
	The tax benefits from uncertain positions recognized are reflected at the amounts most likely to be sustained on examination.
Earnings Per Share:
	Basic earnings (loss) per share are computed by dividing income (loss) available to common shareholders by the weighted average number of shares outstanding during the period. Diluted earnings (loss) per share are similar to basic earnings (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if potentially dilutive common shares had been issued. There were no potentially dilutive common shares outstanding during the periods presented.

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SHAREHOLDERS' EQUITY

3 Months Ended

Sep. 30, 2013

Stockholders' Equity Note [Abstract]

SHAREHOLDERS' EQUITY

NOTE C	-	SHAREHOLDERS’ EQUITY –
		During the three months ended September 30 2013, the Company’s principal shareholder advanced funds to the Company. The advances are classified as additional paid in capital in the accompanying financial statements.

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NOTE B - INCOME TAXES - (Details) (USD $)	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 200,000

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SUBSEQUENT EVENTS

3 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE D  -  SUBSEQUENT EVENTS –

The Company has evaluated the need to disclose events subsequent to the balance sheet date through the filing of this Form 10Q and have no events to report.

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CONDENSED BALANCE SHEETS (Parentheticals) (USD $)	Sep. 30, 2013	Jun. 30, 2013
Statement Of Financial Position [Abstract]
Preferred stock par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	2,505,014	2,505,014
Common stock, shares outstanding (in shares)	2,505,014	2,505,014

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CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	3 Months Ended		110 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (Loss)	$ (11,528)	$ (11,788)	$ (200,620)
Adjustments to Reconcile Net (Loss) to Net Cash (Used) by Operating Activities:
Depreciation			170
Impairment			3,565
Changes in Operating Assets and Liabilities:
Accounts Payable and Accrued Expenses	8,145	3,564	18,283
NET CASH (USED) BY OPERATING ACTIVITIES	(3,383)	(8,224)	(178,602)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of Property and Equipment			(3,735)
NET CASH (USED) BY INVESTING ACTIVITIES			(3,735)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash Received from Shareholder Advances			27,800
Proceeds from Sale of Stock			54,866
Contributions to Capital	3,400	7,500	99,748
NET CASH PROVIDED BY FINANCING ACTIVITIES	3,400	7,500	182,414
NET INCREASE (DECREASE) IN CASH	17	(724)	77
CASH - Beginning of Period	60	958
CASH - End of Period	77	234	77
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash Paid for Taxes and Interest

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CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2013	Jun. 30, 2013
CURRENT ASSETS:
Cash	$ 77	$ 60
TOTAL ASSETS	77	60
CURRENT LIABILITIES:
Accounts Payable and Accrued Expenses	11,886	3,741
TOTAL CURRENT LIABILITIES	11,886	3,741
SHAREHOLDERS' (DEFICIENCY):
Preferred Stock - $.001 Par Value; 5,000,000 Shares Authorized; No Shares Issued and Outstanding
Common Stock - $.001 Par Value; 75,000,000 Shares Authorized; 2,505,014 Shares Issued and Outstanding	2,505	2,505
Additional Paid-In Capital	186,306	182,906
(Deficit) Accumulated During the Development Stage	(200,620)	(189,092)
TOTAL SHAREHOLDERS' (DEFICIT)	(11,809)	(3,681)
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)	$ 77	$ 60

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INCOME TAXES

3 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE B	-	INCOME TAXES –
		Net Operating Loss Carryforward:
			As of September 30, 2013, the Company has a net operating loss carryforward of approximately $200,000, which may be carried forward to 2033, to offset future taxable income.
		Uncertain Tax Positions:
			The Company’s income tax returns are subject to examination for years subsequent to June 30, 2010. The Company is not currently under any state or Federal tax exams.

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Document And Entity Information	3 Months Ended
	Sep. 30, 2013	Nov. 13, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	OSLER Inc
Entity Central Index Key	0001403433
Trading Symbol	osle
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,505,014
Document Type	10-Q
Document Period End Date	Sep. 30, 2013
Amendment Flag	false
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014