0001410708
2016-08-01
2016-10-31
0001410708
2016-10-31
0001410708
2016-07-31
0001410708
2015-08-01
2015-10-31
0001410708
2015-07-31
0001410708
2015-10-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
Emo Capital Corp.
0001410708
10-Q
2016-10-31
false
--07-31
No
No
No
Smaller Reporting Company
Q1
2016
21000000
35500000
0
0
46990
46990
13425
13425
60415
60415
5500
5500
26500
26500
100000
100000
-100000
-100000
-92415
-92415
-60415
-60415
0
0
0.001
0.001
125000000
125000000
35500000
35500000
0.000
0.000
35500000
35500000
<p style="margin: 0pt"></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>1. NATURE AND CONTINUANCE OF OPERATIONS</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company is a development stage company, which was incorporated
in the State of Nevada, United States of America on August 23, 2006. The Company intends to commence operations in health and beauty
care through the utilization of the web.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">These financial statements have been prepared on a going concern
basis. The Company has accumulated a deficit of $92,415 since inception and has yet to achieve profitable operations and further
losses are anticipated in the development of its business, raising substantial doubt about the Company's ability to continue as
a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable
operations in the future and or to obtain the necessary financing to meet its obligations and repay its liabilities arising from
normal business operations when they come due. Management plans to continue to provide for its working capital needs by seeking
loans from its shareholder. These financial statements do not include any adjustments to the recoverability and classification
of assets, or the amount and classification of liabilities that may be necessary should the Company be unable to continue as a
going concern.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The company's year-end is July 31.</p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The financial statements of the Company have been prepared in accordance
with accounting principles generally accepted in the United States of America. Because a precise determination of many assets and
liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use
of estimates, which have been made using careful judgment. Actual results may vary from these estimates.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The financial statements have, in management's opinion, been properly
prepared within the framework of the significant accounting policies summarized below:</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Cash and Cash Equivalents</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">Cash equivalents comprise certain highly liquid instruments with
maturities of three months or less when purchased. As at October 31, 2016, there were Cash and Cash Equivalents equal to $0.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Development Stage Company</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company complies with the FASB Accounting Standards Codification
(ASC) Topic 915 Development Stage Entities and the Securities and Exchange Commission Exchange Act 7 for its characterization of
the Company as development stage.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Impairment of Long Lived Assets</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">Long-lived assets are reviewed for impairment in accordance with
ASC Topic 360, "Accounting for the Impairment or Disposal of Long- lived Assets". Under ASC Topic 360, long-lived assets
are tested for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.
An impairment charge is recognized or the amount, if any, which the carrying value of the asset exceeds the fair value.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Foreign Currency Translation</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company is located and operating outside of the United States
of America. It maintains its accounting records in U.S. Dollars, as follows:</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">At the transaction date, each asset, liability, revenue, and expense
is translated into U.S. dollars by the use of exchange rates in effect at that date. At the period end, monetary assets and liabilities
are remeasured by using the exchange rate in effect at that date. The resulting foreign exchange gains and losses are included
in operations.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company's currency exposure is insignificant and immaterial
and we do not use derivative instruments to reduce its potential exposure to foreign currency risk.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Financial Instruments</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The carrying value of the Company's financial instruments consisting
of cash equivalents and accounts payable and accrued liabilities approximates their fair value because of the short maturity of
these instruments. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest,
currency or credit risks arising from these financial instruments.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Income Taxes</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company uses the assets and liability method of accounting for
income taxes in accordance with FASB Topic 740 “Income Taxes".  Under this method, deferred tax assets and liabilities
are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying
amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered
or settled.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Basic and Diluted Net Loss Per Share</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">In accordance with FASB Topic 260, "Earnings Per Share', the
basic net loss per common share is computed by dividing net loss available to common stockholders by the weighted average number
of common shares outstanding. Diluted net loss per common share is computed similar to basic net loss per common share except that
the denominator is increased to include the number of additional common shares that would have been outstanding if the potential
common shares had been issued and if the additional common shares were dilutive. As at October 31, 2016, diluted net loss per share
is equivalent to basic net loss per share.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Stock Based Compensation</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company accounts for stock options and similar equity instruments
issued in accordance with ASC Topic 718 Compensation-Stock Compensation.  Accordingly, compensation costs attributable to
stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected
vesting period. Transactions in which goods or services are received in exchange for the issuance of equity instruments are
accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, whichever
is more reliably measurable. ASC Topic 718- Compensation requires excess tax benefits be reported as a financing cash inflow rather
than as a reduction of taxes paid.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company did not grant any stock options during the period ended
October 31, 2016.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Comprehensive Income</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company adopted Statement of Financial Accounting Standards
No. 130 (SFAS 130), Reporting Comprehensive Income, which establishes standards for reporting and display of comprehensive income,
its components and accumulated balances. The Company is disclosing this information on its Statement of Stockholders' Equity. 
Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company has no elements of "other comprehensive income"
during the period ended October 31, 2016.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Advertising Expenses</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">There is no advertising expense incurred by the company during the
period ended October 31, 2016.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>New Accounting Standards</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">Management does not believe that any recently issued, but not yet
effective accounting standards if currently adopted could have a material effect on the accompanying financial statements.</p>
<p style="margin: 0pt"></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Cash and Cash Equivalents</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">Cash equivalents comprise certain highly liquid instruments with
maturities of three months or less when purchased. As at October 31, 2016, there were Cash and Cash Equivalents equal to $0.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Development Stage Company</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company complies with the FASB Accounting Standards Codification
(ASC) Topic 915 Development Stage Entities and the Securities and Exchange Commission Exchange Act 7 for its characterization of
the Company as development stage.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Impairment of Long Lived Assets</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">Long-lived assets are reviewed for impairment in accordance with
ASC Topic 360, "Accounting for the Impairment or Disposal of Long- lived Assets". Under ASC Topic 360, long-lived assets
are tested for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.
An impairment charge is recognized or the amount, if any, which the carrying value of the asset exceeds the fair value.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Foreign Currency Translation</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company is located and operating outside of the United States
of America. It maintains its accounting records in U.S. Dollars, as follows:</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">At the transaction date, each asset, liability, revenue, and expense
is translated into U.S. dollars by the use of exchange rates in effect at that date. At the period end, monetary assets and liabilities
are remeasured by using the exchange rate in effect at that date. The resulting foreign exchange gains and losses are included
in operations.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company's currency exposure is insignificant and immaterial
and we do not use derivative instruments to reduce its potential exposure to foreign currency risk.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Financial Instruments</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The carrying value of the Company's financial instruments consisting
of cash equivalents and accounts payable and accrued liabilities approximates their fair value because of the short maturity of
these instruments. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest,
currency or credit risks arising from these financial instruments.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Income Taxes</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company uses the assets and liability method of accounting for
income taxes in accordance with FASB Topic 740 “Income Taxes".  Under this method, deferred tax assets and liabilities
are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying
amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered
or settled.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Basic and Diluted Net Loss Per Share</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">In accordance with FASB Topic 260, "Earnings Per Share', the
basic net loss per common share is computed by dividing net loss available to common stockholders by the weighted average number
of common shares outstanding. Diluted net loss per common share is computed similar to basic net loss per common share except that
the denominator is increased to include the number of additional common shares that would have been outstanding if the potential
common shares had been issued and if the additional common shares were dilutive. As at October 31, 2016, diluted net loss per share
is equivalent to basic net loss per share.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Stock Based Compensation</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company accounts for stock options and similar equity instruments
issued in accordance with ASC Topic 718 Compensation-Stock Compensation.  Accordingly, compensation costs attributable to
stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected
vesting period. Transactions in which goods or services are received in exchange for the issuance of equity instruments are
accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, whichever
is more reliably measurable. ASC Topic 718- Compensation requires excess tax benefits be reported as a financing cash inflow rather
than as a reduction of taxes paid.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company did not grant any stock options during the period ended
October 31, 2016.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Comprehensive Income</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company adopted Statement of Financial Accounting Standards
No. 130 (SFAS 130), Reporting Comprehensive Income, which establishes standards for reporting and display of comprehensive income,
its components and accumulated balances. The Company is disclosing this information on its Statement of Stockholders' Equity. 
Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company has no elements of "other comprehensive income"
during the period ended October 31, 2016.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>Advertising Expenses</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">There is no advertising expense incurred by the company during the
period ended October 31, 2016.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>New Accounting Standards</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">Management does not believe that any recently issued, but not yet
effective accounting standards if currently adopted could have a material effect on the accompanying financial statements.</p>
<p style="margin: 0pt"></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>3. CAPITAL STOCK</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">On July 15, 2007, the Company issued 14,000,000 common shares at
$0.001 per share to the sole director of the Company for total proceeds of $2,000.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">In May 2008, the Company issued 21,000,000 common shares at $0.001
per share to subscribers for total proceeds of $30,000.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">On February 25, 2010, the Company amended its Articles of incorporation
and authorized 125,000,000 shares of common stock, at $.001 par value of which 35,000,000 were issued and outstanding as of
October 31, 2012.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">On October 31, 2010, the Stockholder's of the Company authorized
the Forward Stock Split of our issued and outstanding Common Stock on a seven for one (7:1) basis. The Forward Stock Split became
effective on October 31, 2010. As a result of the Forward Stock Split, the Company increased its issued and outstanding shares
of the Common Stock to 35,000,000 from 5,000,000.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">In May 2012, the Company subscribed 500,000 restricted common shares
at $0.20 per share to a shareholder for a subscription receivable of $100,000.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">In July 2012, the Company issued 500,000 common shares at &0.001
per share to subscribers for total receivable proceeds of $500.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The number of shares outstanding of the Registrant's common stock,
par value $.001 per share, at October 31, 2016 is 35,500,000.</p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><b>4. RELATED PARTY TRANSACTIONS</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0">A series of shareholder loans were made from August 23, 2006 to
October 31, 2015 totaling $13,425. A balance of $13,425 is still outstanding as of October 31, 2016, without interest and
fixed term of repayment. The loan is due at demand.</p>
<p style="margin: 0pt"></p>