0001165527-12-000644.txt : 20120614 0001165527-12-000644.hdr.sgml : 20120614 20120614144415 ACCESSION NUMBER: 0001165527-12-000644 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20120430 FILED AS OF DATE: 20120614 DATE AS OF CHANGE: 20120614 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMPACT EXPLORATIONS INC. CENTRAL INDEX KEY: 0001486315 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 271614533 STATE OF INCORPORATION: NV FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54666 FILM NUMBER: 12907329 BUSINESS ADDRESS: STREET 1: 78 YORK STREET CITY: LONDON STATE: X0 ZIP: W1H 1DP BUSINESS PHONE: 44 207 681 1620 MAIL ADDRESS: STREET 1: 78 YORK STREET CITY: LONDON STATE: X0 ZIP: W1H 1DP 10-Q 1 g6060.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED APRIL 30, 2012 Commission file number 000-54666 IMPACT EXPLORATIONS INC. (Exact name of registrant as specified in its charter) NEVADA (State or other jurisdiction of incorporation or organization) 78 York Street London W1H 1DP England (Address of principal executive offices, including zip code) Telephone +44 207 681 1620 Facsimile +44 207 681 1620 (Telephone number, including area code) Resident Agents of Nevada 711 S. Carson Street #4 Carson City, NV 89701 Telephone (775)882-4641 Facsimile (775)882-6818 (Name, address and telephone number of agent for service) Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 last 90 days. YES [X] NO [ ] 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 (ss.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 [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 the definitions of "large accelerated filer, "accelerated filer," "non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act. Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] 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 [X] NO [ ] State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 6,000,000 shares as of June 14, 2012 ITEM 1. FINANCIAL STATEMENTS The un-audited quarterly financial statements for the period ended April 30, 2012, prepared by the company, immediately follow. 2 IMPACT EXPLORATIONS INC. (An Exploration Stage Company) Balance Sheet --------------------------------------------------------------------------------
As of As of April 30, 2012 January 31, 2012 -------------- ---------------- ASSETS CURRENT ASSETS Cash $ 2,387 $ 20,461 -------- -------- TOTAL CURRENT ASSETS 2,387 20,461 -------- -------- TOTAL ASSETS $ 2,387 $ 20,461 ======== ======== LIABILITIES & STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts Payable $ 4,180 $ 2,440 -------- -------- TOTAL CURRENT LIABILITIES 4,180 2,440 -------- -------- TOTAL LIABILITIES 4,180 2,440 -------- -------- STOCKHOLDERS' EQUITY Common stock, ($0.001 par value, 75,000,000 shares authorized; 6,000,000 shares issued and outstanding as of April 30, 2012 and January 31, 2012 6,000 6,000 Additional paid-in capital 54,000 54,000 Deficit accumulated during exploration stage (61,793) (41,979) -------- -------- TOTAL STOCKHOLDERS' EQUITY (1,793) 18,021 -------- -------- TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 2,387 $ 20,461 ======== ========
See Notes to Financial Statements 3 IMPACT EXPLORATIONS INC. (An Exploration Stage Company) Statement of Operations --------------------------------------------------------------------------------
January 6, 2010 Three Months Three Months (inception) ended ended through April 30, 2012 April 30, 2011 April 30, 2012 -------------- -------------- -------------- REVENUES Revenues $ -- $ -- $ -- ---------- ---------- ---------- TOTAL REVENUES -- -- -- EXPENSES General and Administrative 16,715 1,892 27,493 Mineral Exploration Expense -- 10,000 14,000 Professional Fees 3,100 3,100 20,300 ---------- ---------- ---------- TOTAL EXPENSES 19,815 14,992 61,793 ---------- ---------- ---------- NET INCOME (LOSS) $ (19,815) $ (14,992) $ (61,793) ========== ========== ========== BASIC EARNING (LOSS) PER SHARE $ 0.00 $ 0.00 ========== ========== WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 6,000,000 3,000,000 ========== ==========
See Notes to Financial Statements 4 IMPACT EXPLORATIONS INC. (An Exploration Stage Company) Statement of Cash Flows --------------------------------------------------------------------------------
January 6, 2010 Three Months Three Months (inception) ended ended through April 30, 2012 April 30, 2011 April 30, 2012 -------------- -------------- -------------- CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $(19,815) $(14,992) $(61,793) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Changes in operating assets and liabilities: Deposit -- 10,000 -- Accounts Payable 1,740 630 4,180 -------- -------- -------- NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (18,075) (4,362) (57,613) CASH FLOWS FROM INVESTING ACTIVITIES NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES -- -- -- CASH FLOWS FROM FINANCING ACTIVITIES Issuance of common stock -- -- 60,000 -------- -------- -------- NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES -- -- 60,000 -------- -------- -------- NET INCREASE (DECREASE) IN CASH (18,075) (4,362) 2,387 CASH AT BEGINNING OF PERIOD 20,461 30,683 -- -------- -------- -------- CASH AT END OF YEAR $ 2,387 $ 26,321 $ 2,387 ======== ======== ======== SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash paid during year for: Interest $ -- $ -- $ -- ======== ======== ======== Income Taxes $ -- $ -- $ -- ======== ======== ========
See Notes to Financial Statements 5 IMPACT EXPLORATIONS INC. (An Exploration Stage Company) Notes to Financial Statements April 30, 2012 -------------------------------------------------------------------------------- NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS Impact Explorations Inc. (the Company) was incorporated under the laws of the State of Nevada on January 6, 2010. The Company was formed to engage in the acquisition, exploration and development of natural resource properties. The Company is in the exploration stage. Its activities to date have been limited to capital formation, organization and development of its business plan and the first phase of its planned exploration program. NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. BASIS OF ACCOUNTING The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a January 31, year-end. B. BASIC EARNINGS PER SHARE ASC No. 260, "Earnings Per Share", specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. The Company has adopted the provisions of ASC No. 260. Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company. C. CASH EQUIVALENTS The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. D. USE OF ESTIMATES AND ASSUMPTIONS The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring. 6 IMPACT EXPLORATIONS INC. (An Exploration Stage Company) Notes to Financial Statements April 30, 2012 -------------------------------------------------------------------------------- NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) E. INCOME TAXES Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. F. REVENUE The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured. The Company has not generated any revenue since its inception. G. ADVERTISING The Company will expense its advertising when incurred. There has been no advertising since inception. H. RECENT ACCOUNTING PRONOUNCEMENTS The Company has evaluated all the recent accounting pronouncements through the date the financial statements were issued and filed with the Securities and Exchange Commission and believe that none of them will have a material effect on the company's financial statements. NOTE 3. GOING CONCERN The accompanying financial statements are presented on a going concern basis. The Company had limited operations during the period from January 6, 2010 (inception) to October 31, 2011 and generated a net loss of $61,793. This condition raises substantial doubt about the Company's ability to continue as a going concern. The Company's current cash of $2,387 is insufficient to cover the expenses they will incur during the next twelve months. 7 IMPACT EXPLORATIONS INC. (An Exploration Stage Company) Notes to Financial Statements April 30, 2012 -------------------------------------------------------------------------------- NOTE 4. WARRANTS AND OPTIONS There are no warrants or options outstanding to acquire any additional shares of common. NOTE 5. RELATED PARTY TRANSACTIONS The Company neither owns nor leases any real or personal property. The sole officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities as they become available. Thus she may face a conflict in selecting between the Company and her other business interests. The Company has not formulated a policy for the resolution of such conflicts. NOTE 6. INCOME TAXES As of April 30, 2012 -------------------- Deferred tax assets: Net operating tax carryforwards $ 61,793 Other 0 -------- Gross deferred tax assets 21,010 Valuation allowance (21,010) -------- Net deferred tax assets $ 0 ======== Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance. NOTE 7. NET OPERATING LOSSES As of April 30, 2012, the Company has a net operating loss carryforwards of approximately $61,793. Net operating loss carryforwards expires twenty years from the date the loss was incurred. 8 IMPACT EXPLORATIONS INC. (An Exploration Stage Company) Notes to Financial Statements April 30, 2012 -------------------------------------------------------------------------------- NOTE 8. STOCK TRANSACTIONS Transactions, other than employees' stock issuance, are in accordance with ASC No. 505. Thus issuances shall be accounted for based on the fair value of the consideration received. Transactions with employees' stock issuance are in accordance with ASC No. 718. These issuances shall be accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, or whichever is more readily determinable. On January 6, 2010 the Company issued a total of 3,000,000 shares of common stock to one director for cash at $0.005 per share for a total of $15,000. On September 14, 2010 the Company issued a total of 3,000,000 shares of common stock to 26 unrelated shareholders for cash at $.015 per share for a total of $45,000 pursuant to a S-1 registration statement. As of April 30, 2012 the Company had 6,000,000 shares of common stock issued and outstanding. NOTE 9. STOCKHOLDERS' EQUITY The stockholders' equity section of the Company contains the following classes of capital stock as of April 30, 2012: * Common stock, $ 0.001 par value: 75,000,000 shares authorized; 6,000,000 shares issued and outstanding. NOTE 10. SUBSEQUENT EVENTS The Company evaluated all events or transactions that occurred after April 30, 2012 up through the date the Company issued these financial statements. During this period, the Company did not have any material recognizable subsequent events. 9 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION FORWARD LOOKING STATEMENTS This report contains forward-looking statements that involve risk and uncertainties. We use words such as "anticipate", "believe", "plan", "expect", "future", "intend", and similar expressions to identify such forward-looking statements. Investors should be aware that all forward-looking statements contained within this filing are good faith estimates of management as of the date of this filing. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. RESULTS OF OPERATIONS We are an exploration stage company and have generated no revenues since inception (January 6, 2010) and have incurred $61,793 in expenses through April 30, 2012. For the three months ended April 30, 2012 we incurred $19,815 in expenses. These expenses consisted of $3,100 in professional fees and $16,715 in general and administrative expenses. For the same three month perioed ended April 30, 2011 we incurred $14,992 in expenses. These expenses consisted of $3.100 in professional fees, $1,892 in general and administrative expenses and $10,000 in exploration expenses. The following table provides selected financial data about our company for the period ended April 30, 2012. Balance Sheet Data: 4/30/12 ------------------- ------- Cash $ 2,387 Total assets $ 2,387 Total liabilities $ 4,180 Shareholders' equity $(1,793) Cash provided by financing activities since inception through April 30, 2012 was $15,000 from the sale of 3,000,000 shares of common stock to our officer and director in January 2010 and on September 14, 2010 we issued a total of 3,000,000 shares of common stock to 26 unrelated shareholders for cash at $0.015 per share for a total of $45,000 pursuant to the S-1 Registration Statement we filed with the US Securities and Exchange Commission. LIQUIDITY AND CAPITAL RESOURCES Our cash balance at April 30, 2012 was $2,387, with $4,180 in outstanding liabilities. Our plan of operation for the next twelve months is to continue our exploration efforts, either on our current claim or possibly on another mineral property if we are able to find one with better prospects than our current property. During the quarter ended April 30, 2011 we paid the geologist $10,000 10 to proceed with Phase 1 of the exploration program. In addition to the additional $14,000 we may spend for Phase 2 of the exploration program as outlined below, we anticipate spending an additional $7,000 on professional fees, including fees payable in connection with complying with reporting obligations, and general administrative costs. Total expenditures over the next 12 months are therefore expected to be approximately $21,000 if we proceed with Phase 2. We are an exploration stage company and have generated no revenue to date. PLAN OF OPERATION Our exploration target is to find exploitable minerals. Our success depends on achieving that target. There is the likelihood of our current mineral claim containing little or no economic mineralization or reserves of silver and other minerals. There is the possibility that our current claim does not contain any reserves and funds that we spend on exploration will be lost. Even if we complete our current exploration program and are successful in identifying a mineral deposit we will be required to expend substantial funds to bring our claim to production. We are unable to assure you we will be able to raise the additional funds necessary to implement any future exploration or extraction program even if mineralization is found. The following work program has been recommended by the consulting geologist who prepared the geology report on our current claim. PHASE 1 Prospecting, mapping and grid controlled soil geochemistry $10,000 (completed) PHASE 2 A program of grid controlled ground magnetometer and very low frequency electro magnetometer (VLF-EM) surveys should be undertaken over the areas of interest as determined by the Phase 1 program $14,000 ------- Total $24,000 ======= The above program costs are management's estimates based upon the recommendations of the professional consulting geologist's report and the actual project costs may exceed our estimates. We paid the geologist $10,000 for Phase 1 of the exploration program. On April 12, 2011 we received his report on his findings. Management is currently pursuing additional exploration assets, and may return to this project in the future, but the results of Phase 1 were not so good that they wish to complete phase 2 immediately. If we decide to move on to Phase 2 of the exploration program on our current claim, this would be done during the summer of 2012. The estimated cost of this program is $14,000 and will take approximately 3 weeks to complete and an 11 additional two to three months for the consulting geologist to receive the results from the assay lab and prepare his report. We have a verbal agreement with James McLeod, the consulting geologist who prepared the geology report on our claim, to retain his services for Phase 2 of the exploration program. We cannot provide investors with any assurance that we will be able to raise sufficient funds to proceed with any work after the exploration program if we find mineralization. OFF-BALANCE SHEET ARRANGEMENTS We have no off-balance sheet arrangements. ITEM 4. CONTROLS AND PROCEDURES EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES Under the supervision and with the participation of our management, including our principal executive officer and the principal financial officer, we have conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as of the end of the period covered by this report. Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were effective such that the material information required to be included in our Securities and Exchange Commission reports is accumulated and communicated to our management, including our principal executive and financial officer so that it may be recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our company, particularly during the period when this report was being prepared. CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING There have been no changes in our internal control over financial reporting that occurred during the last fiscal quarter ended April 30, 2012 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting 12 PART II. OTHER INFORMATION ITEM 6. EXHIBITS The following exhibits are included with this quarterly filing. Those marked with an asterisk and required to be filed hereunder, are incorporated by reference and can be found in their entirety in our original Registration Statement on Form S-1, filed under SEC File Number 333-165365, at the SEC website at www.sec.gov: Exhibit No. Description ----------- ----------- 3.1 Articles of Incorporation* 3.2 Bylaws* 31.1 Sec. 302 Certification of Principal Executive Officer 31.2 Sec. 302 Certification of Principal Financial Officer 32.1 Sec. 906 Certification of Principal Executive Officer 32.2 Sec. 906 Certification of Principal Financial Officer 101 Interactive data files pursuant to Rule 405 of Regulation S-T SIGNATURES Pursuant to the requirements of Section 13(a) 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. June 14, 2012 Impact Explorations Inc., Registrant By: /s/ Jenny Brown ---------------------------------------- Jenny Brown, President, Chief Executive Officer, Principal Accounting Officer, and Chief Financial Officer In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. June 14, 2012 Impact Explorations Inc., Registrant By: /s/ Jenny Brown ---------------------------------------- Jenny Brown, President, Chief Executive Officer, Principal Accounting Officer and Chief Financial Officer 13 EX-31.1 2 ex31-1.txt EXHIBIT 31.1 CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT I, Jenny Brown, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Impact Explorations 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 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 controls 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. IN WITNESS WHEREOF, the undersigned has executed this certification as of the 14th day of June, 2012. /s/ Jenny Brown ------------------------------ Chief Executive Officer EX-31.2 3 ex31-2.txt EXHIBIT 31.2 CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT I, Jenny Brown, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Impact Explorations 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 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 controls 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. IN WITNESS WHEREOF, the undersigned has executed this certification as of the 14th day of June, 2012. /s/ Jenny Brown ------------------------------ Chief Financial Officer EX-32.1 4 ex32-1.txt EXHIBIT 32.1 CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Quarterly Report of Impact Explorations Inc. (the "Company") on Form 10-Q for the period ending April 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Jenny Brown, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, thAt: (1) 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 result of operations of the Company. IN WITNESS WHEREOF, the undersigned has executed this certification as of the 14th day of June, 2012. /s/ Jenny Brown -------------------------------- Chief Executive Officer EX-32.2 5 ex32-2.txt EXHIBIT 32.2 CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Quarterly Report of Impact Explorations Inc. (the "Company") on Form 10-Q for the period ending April 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Jenny Brown, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that: (1) 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 result of operations of the Company. IN WITNESS WHEREOF, the undersigned has executed this certification as of the 14th day of June, 2012. /s/ Jenny Brown ------------------------------- Chief Financial Officer EX-101.PRE 6 ixpl-20120430_pre.xml EX-101.INS 7 ixpl-20120430.xml 10-Q 2012-04-30 false Impact Explorations Inc. 0001486315 --01-31 6000000 0 Smaller Reporting Company Yes No No 2013 Q1 2387 20461 2387 20461 2387 20461 4180 2440 4180 2440 4180 2440 6000 6000 54000 54000 -61793 -41979 -1793 -18021 2387 20461 0 0 0 16715 1892 27493 0 10000 14000 3100 3100 20300 19815 14992 61793 -19815 -14992 -61793 0 0 6000000 6000000 0 10000 0 1740 630 4180 -18075 -4362 -57613 0 0 0 0 0 60000 0 0 60000 -18075 -4362 2387 30683 0 26321 0 0 0 0 0 0 <!--egx--><p style="MARGIN:0in 0in 0pt">NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Impact Explorations Inc. (the Company) was incorporated under the laws of the State of Nevada on January 6, 2010.&nbsp; The Company was formed to engage in the acquisition, exploration and development of natural resource properties.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The Company is in the exploration stage. Its activities to date have been limited to capital formation, organization and development of its business plan and the first phase of its planned exploration program.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt">NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">a.&nbsp;&nbsp; Basis of Accounting</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The Company&#146;s financial statements are prepared using the accrual method of accounting.&nbsp; The Company has elected a January 31, year-end. </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">b.&nbsp;&nbsp; Basic Earnings per Share </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">ASC No. 260, &#147;Earnings Per Share&#148;, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.&nbsp;&nbsp; The Company has adopted the provisions of ASC No. 260.&nbsp; </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding.&nbsp; Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company. </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">c.&nbsp;&nbsp; Cash Equivalents </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">d.&nbsp; Use of Estimates and Assumptions</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring.&nbsp; </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">e.&nbsp;&nbsp; Income Taxes</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes.&nbsp; A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards.&nbsp; Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized.&nbsp; Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">f.&nbsp;&nbsp; Revenue</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured. &nbsp;The Company has not generated any revenue since its inception.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">g.&nbsp;&nbsp; Advertising</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The Company will expense its advertising when incurred. There has been no advertising since inception.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">h.&nbsp;&nbsp; Recent Accounting Pronouncements</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The Company has evaluated all the recent accounting pronouncements through the date the financial statements were issued and filed with the Securities and Exchange Commission and believe that none of them will have a material effect on the company&#146;s financial statements.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt">NOTE 3 - GOING CONCERN</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The accompanying financial statements are presented on a going concern basis.&nbsp; The Company had limited operations during the period from January 6, 2010 (inception) to October 31, 2011 and generated a net loss of $61,793.&nbsp; This condition raises substantial doubt about the Company&#146;s ability to continue as a going concern.&nbsp; The Company&#146;s current cash of $2,387 is insufficient to cover the expenses they will incur during the next twelve months. </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt">NOTE 4 - WARRANTS AND OPTIONS</p> <p style="MARGIN:0in 0in 0pt">&nbsp; </p> <p style="MARGIN:0in 0in 0pt">There are no warrants or options outstanding to acquire any additional shares of common.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt">NOTE 5 - RELATED PARTY TRANSACTIONS</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The Company neither owns nor leases any real or personal property.&nbsp; The sole officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities as they become available.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Thus she may face a conflict in selecting between the Company and her other business interests.&nbsp; The Company has not formulated a policy for the resolution of such conflicts.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt">NOTE 6 - INCOME TAXES</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <table style="MARGIN:auto auto auto 0.95in; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="192" style="BORDER-BOTTOM:windowtext 1.5pt solid; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:2in; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">As of April 30, 2012</p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="192" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:2in; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Deferred tax assets:</p></td> <td width="192" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:2in; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Net operating tax carryforwards</p></td> <td width="192" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:2in; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61,793</p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Other</p></td> <td width="192" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:2in; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -0-</p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Gross deferred tax assets</p></td> <td width="192" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:2in; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21,010</p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Valuation allowance</p></td> <td width="192" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:2in; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21,010)</p></td></tr> <tr style="HEIGHT:9.85pt"> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; HEIGHT:9.85pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="192" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:2in; PADDING-RIGHT:5.4pt; HEIGHT:9.85pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr style="HEIGHT:13.5pt"> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Net deferred tax assets</p></td> <td width="192" style="BORDER-BOTTOM:windowtext 1.5pt double; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:2in; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -0-</p></td></tr></table> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income.&nbsp; As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">NOTE 7 - NET OPERATING LOSSES</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">As of April 30, 2012, the Company has a net operating loss carryforwards of approximately $61,793.&nbsp; Net operating loss carryforwards expires twenty years from the date the loss was incurred.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt">NOTE 8 - STOCK TRANSACTIONS</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Transactions, other than employees&#146; stock issuance, are in accordance with ASC No. 505. Thus issuances shall be accounted for based on the fair value of the consideration received.&nbsp; Transactions with employees&#146; stock issuance are in accordance with ASC No. 718. These issuances shall be accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, or whichever is more readily determinable.&nbsp; </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">On January 6, 2010 the Company issued a total of 3,000,000 shares of common stock to one director for cash at $0.005 per share for a total of $15,000.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">On September 14, 2010 the Company issued a total of 3,000,000 shares of common stock to 26 unrelated shareholders for cash at $.015 per share for a total of $45,000 pursuant to a S-1 registration statement.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">As of April 30, 2012 the Company had 6,000,000 shares of common stock issued and outstanding.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">NOTE 9 - STOCKHOLDERS&#146; EQUITY</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The stockholders&#146; equity section of the Company contains the following classes of capital stock as of April 30, 2012:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Common stock, $ 0.001 par value: 75,000,000 shares authorized; 6,000,000 shares issued and outstanding.</p> <!--egx--><p style="MARGIN:0in 0in 0pt">NOTE 10 - SUBSEQUENT EVENTS</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The Company evaluated all events or transactions that occurred after April 30, 2012 up through the date the Company issued these financial statements.&nbsp; During this period, the Company did not have any material recognizable subsequent events.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> 0001486315 2012-02-01 2012-04-30 0001486315 2012-04-30 0001486315 2012-01-31 0001486315 2011-02-01 2011-04-30 0001486315 2010-01-01 2012-04-30 0001486315 2011-01-31 0001486315 2009-12-31 0001486315 2011-04-30 iso4217:USD shares iso4217:USD shares $0.001 par value; 75,000,000 shares authorized, 6,000,000 issued and outstanding as of April 30, 2012 and January 31,2012 EX-101.SCH 8 ixpl-20120430.xsd 000040 - Statement - IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Statement of Cash Flows link:presentationLink link:definitionLink link:calculationLink 000050 - Disclosure - Organization, Consolidation and Presentation of Financial Statements link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - Other Liabilities link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Statement of Operations link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Balance Sheet link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Equity link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000070 - Disclosure - Development Stage Enterprises link:presentationLink link:definitionLink link:calculationLink 000060 - Disclosure - Accounting Policies link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - Related Party Disclosures link:presentationLink link:definitionLink link:calculationLink 000120 - Disclosure - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Income Taxes link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 9 ixpl-20120430_cal.xml EX-101.DEF 10 ixpl-20120430_def.xml EX-101.LAB 11 ixpl-20120430_lab.xml Subsequent Events Deposit Total Liabilities and Stockholders Equity Total Liabilities and Stockholders Equity Total Liabilities Total Liabilities Entity Filer Category Subsequent Events [Text Block] Other Liabilities {1} Other Liabilities Significant Accounting Policies [Text Block] Weighted average number of common shares outstanding Current Liabilities Document Fiscal Period Focus Related Party Disclosures Accounting Policies Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] Cash Flows From Operating Activities Income Statement Common Stock Total Current Assets Total Current Assets Net cash provided by (used in) financing activities Net cash provided by (used in) financing activities Professional Fees Total Current Liabilities Total Current Liabilities Document and Entity Information Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Development Stage Enterprise General Disclosures [Text Block] Net cash provided by (used in) investing activities Net cash provided by (used in) investing activities Cash Flows From Investing Activities Changes in operating assets and liabilities: Revenues {1} Revenues Total Stockholders' Equity Total Stockholders' Equity Deficit accumulated during exploration stage Liabilities and Stockholders' Equity Document Fiscal Year Focus Entity Well-known Seasoned Issuer Development Stage Enterprises {1} Development Stage Enterprises Cash Cash at Beginning of Period Cash at End of Period Statement [Line Items] Document Period End Date Total Assets Total Assets Document Type Related Party Transactions Disclosure [Text Block] Revenues Total Revenues Accounts Payable {1} Accounts Payable Issuance of Common Stock Cash Flows From Financing Activities General and Administrative Stockholders' Equity Accounts Payable {2} Accounts Payable Entity Current Reporting Status Entity Public Float Entity Common Stock, Shares Outstanding Equity Supplemental Disclosures of Cash Flow Information Statement of Cash Flows Statement [Table] Statement of Financial Position Entity Registrant Name Cash paid during year for Interest Net cash provided by (used in) operating activities Net cash provided by (used in) operating activities Basic earnings (loss) per share Total Expenses Total Expenses Mineral Exploration expense Additional Paid-in Capital Net Income (Loss) Entity Voluntary Filers Stockholders' Equity Note Disclosure [Text Block] Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] Organization, Consolidation and Presentation of Financial Statements Amendment Flag Income Tax Disclosure [Text Block] Income Taxes Net increase (decrease) in cash Current Fiscal Year End Date Entity Central Index Key Cash paid during year for Income Taxes Expenses Current Assets XML 12 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 13 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Disclosures
 3 Months Ended
Apr. 30, 2012
Related Party Disclosures  
Related Party Transactions Disclosure [Text Block]

NOTE 5 - RELATED PARTY TRANSACTIONS

 

The Company neither owns nor leases any real or personal property.  The sole officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities as they become available.

 

Thus she may face a conflict in selecting between the Company and her other business interests.  The Company has not formulated a policy for the resolution of such conflicts.

 
EXCEL 14 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\P9F9A,38V-%\Q,38T7S0S-&1?.#9D-E]A-S'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I7;W)K#I%>&-E;%=O#I7;W)K#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E)E M;&%T961?4&%R='E?1&ES8VQO#I7;W)K M#I7;W)K#I. M86UE/@T*("`@(#QX.E=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF72TM/@T*/"]H96%D/@T*("`\8F]D>3X-"B`@(#QP M/E1H:7,@<&%G92!S:&]U;&0@8F4@;W!E;F5D('=I=&@@36EC'1087)T7S!F9F$Q-C8T7S$Q-C1?-#,T9%\X-F0V7V$W-SAF M9#9F868X90T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B\P9F9A,38V M-%\Q,38T7S0S-&1?.#9D-E]A-S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!296=I'!L;W)A=&EO;G,@26YC+CQS<&%N/CPO'0^,3`M43QS<&%N/CPO2!#=7)R96YT(%)E<&]R=&EN9R!3=&%T=7,\+W1D M/@T*("`@("`@("`\=&0@8VQA2!&:6QE'0^,C`Q,SQS M<&%N/CPO'0^43$\'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2D@+2!"86QA;F-E(%-H965T("A54T0@)"D\8G(^/"]S=')O M;F<^/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$=&@@8V]L'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'!L;W)A=&EO;B!3=&%G92!#;VUP86YY*2`M(%-T871E;65N="!O9B!/ M<&5R871I;VYS("A54T0@)"D\8G(^/"]S=')O;F<^/"]T:#X-"B`@("`@("`@ M/'1H(&-L87-S/3-$=&@@8V]L'!L;W)A=&EO;B!E>'!E;G-E/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$;G5M<#XP/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO M=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\P9F9A,38V-%\Q,38T7S0S-&1?.#9D-E]A-S'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2`H=7-E9"!I;BD@:6YV97-T:6YG(&%C=&EV:71I97,\+W1D/@T*("`@("`@ M("`\=&0@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$65A&5S/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$;G5M<#XD(#`\'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM M/CQP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^3D]412`Q("T@3U)' M04Y)6D%424].($%.1"!$15-#4DE05$E/3B!/1B!"55-)3D534SPO<#X@/'`@ M6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^26UP86-T($5X<&QO2D@=V%S(&EN8V]R<&]R871E9"!U;F1E'!L;W)A=&EO;B!A;F0@9&5V96QO<&UE M;G0@;V8@;F%T=7)A;"!R97-O=7)C92!P6QE M/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^5&AE($-O;7!A;GD@:7,@:6X@=&AE M(&5X<&QO6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^ M)FYB7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T* M#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$)TU!4D=)3CHP M:6X@,&EN(#!P="<^3D]412`R("T@4U5-34%262!/1B!324=.249)0T%.5"!! M0T-/54Y424Y'(%!/3$E#2453/"]P/B`\<"!S='EL93TS1"=-05)'24XZ,&EN M(#!I;B`P<'0G/B9N8G-P.SPO<#X@/'`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`\<"!S='EL93TS1"=-05)'24XZ,&EN(#!I;B`P<'0G M/B9N8G-P.SPO<#X@/'`@&5S+B9N8G-P M.R!!(&1E9F5R"!A"!R97!O69O6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB"!AF5D M+B9N8G-P.R!$969E6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^ M)FYB2!D M971E6QE/3-$ M)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB2!W:6QL(&5X<&5N6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB2!H87,@ M979A;'5A=&5D(&%L;"!T:&4@6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2!H860@;&EM:71E9"!O<&5R871I;VYS(&1U2`V+"`R,#$P("AI;F-E<'1I;VXI('1O($]C=&]B M97(@,S$L(#(P,3$@86YD(&=E;F5R871E9"!A(&YE="!L;W-S(&]F("0V,2PW M.3,N)FYB28C,30V.W,@86)I;&ET>2!T;R!C;VYT M:6YU92!A2!W:6QL(&EN8W5R(&1U7!E.B!T97AT+VAT;6P[(&-H87)S M970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@ M:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M M;#L@8VAA'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$2!.;W1E+"!787)R86YT M'0@0FQO8VM=/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&5X=#X\(2TM96=X+2T^/'`@6QE M/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA2!$:7-C;&]S=7)E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$)TU!4D=)3CHP:6X@ M,&EN(#!P="<^3D]412`U("T@4D5,051%1"!005)462!44D%.4T%#5$E/3E,\ M+W`^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB2!R96%L(&]R('!E2!I6QE/3-$)TU!4D=)3CHP M:6X@,&EN(#!P="<^)FYB2!F86-E(&$@8V]N9FQI8W0@:6X@2!F;W(@=&AE(')E'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA&5S/&)R/CPO6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB M'0@,2XU<'0@6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P M="<^1&5F97)R960@=&%X(&%S6QE/3-$)T)/4D1%4BU"3U143TTZ(V5C93ED.#L@0D]21$52+4Q% M1E0Z(V5C93ED.#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$+4-/ M3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z-2XT<'0[(%=)1%1(.C)I M;CL@4$%$1$E.1RU224=(5#HU+C1P=#L@0D]21$52+51/4#HC96-E.60X.R!" M3U)$15(M4DE'2%0Z(V5C93ED.#L@4$%$1$E.1RU43U`Z,&EN)R!V86QI9VX] M,T1T;W`^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB6QE M/3-$)T)/4D1%4BU"3U143TTZ(V5C93ED.#L@0D]21$52+4Q%1E0Z(V5C93ED M.#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$+4-/3$]2.G1R86YS M<&%R96YT.R!0041$24Y'+4Q%1E0Z-2XT<'0[(%=)1%1(.C)I;CL@4$%$1$E. M1RU224=(5#HU+C1P=#L@0D]21$52+51/4#HC96-E.60X.R!"3U)$15(M4DE' M2%0Z(V5C93ED.#L@4$%$1$E.1RU43U`Z,&EN)R!V86QI9VX],T1T;W`^(#QP M('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB'0@,7!T('-O;&ED.R!"3U)$15(M3$5&5#HC96-E.60X M.R!0041$24Y'+4)/5%1/33HP:6X[($)!0TM'4D]53D0M0T],3U(Z=')A;G-P M87)E;G0[(%!!1$1)3D"!A6QE/3-$)T)/4D1%4BU"3U143TTZ(V5C93ED.#L@0D]21$52+4Q% M1E0Z(V5C93ED.#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$+4-/ M3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z-2XT<'0[(%=)1%1(.C)I M;CL@4$%$1$E.1RU224=(5#HU+C1P=#L@0D]21$52+51/4#HC96-E.60X.R!" M3U)$15(M4DE'2%0Z(V5C93ED.#L@4$%$1$E.1RU43U`Z,&EN)R!V86QI9VX] M,T1T;W`^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB6QE/3-$)T)/4D1%4BU"3U143TTZ(V5C93ED.#L@ M0D]21$52+4Q%1E0Z(V5C93ED.#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+ M1U)/54Y$+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z-2XT<'0[ M(%=)1%1(.C$X.7!T.R!0041$24Y'+5))1TA4.C4N-'!T.R!"3U)$15(M5$]0 M.B-E8V4Y9#@[($)/4D1%4BU224=(5#HC96-E.60X.R!0041$24Y'+51/4#HP M:6XG('9A;&EG;CTS1'1O<#X@/'`@6QE/3-$)V)O6QE/3-$)TU!4D=) M3CHP:6X@,&EN(#!P="<^)FYBF%T:6]N(&]F(&1E9F5R"!A2!D:69F97)E;F-E6QE/3-$ M)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB2`D-C$L-SDS M+B9N8G-P.R!.970@;W!E'!I M2!Y96%R6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^ M)FYB7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T* M#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/"$M+65G M>"TM/CQP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^3D]412`X("T@ M4U1/0TL@5%)!3E-!0U1)3TY3/"]P/B`\<"!S='EL93TS1"=-05)'24XZ,&EN M(#!I;B`P<'0G/B9N8G-P.SPO<#X@/'`@2!I;G-T6QE/3-$ M)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB2!I6QE M/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^3VX@4V5P=&5M8F5R(#$T+"`R,#$P M('1H92!#;VUP86YY(&ES6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^3D]412`Y("T@4U1/ M0TM(3TQ$15)3)B,Q-#8[($5154E463PO<#X@/'`@6QE/3-$)TU!4D=)3CHP M:6X@,&EN(#!P="<^5&AE('-T;V-K:&]L9&5R2!C;VYT86EN6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^)FYB3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\P9F9A,38V-%\Q,38T7S0S-&1?.#9D-E]A-S'0O:'1M;#L@8VAA'0@ M0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\(2TM96=X M+2T^/'`@6QE/3-$)TU!4D=)3CHP:6X@ M,&EN(#!P="<^)FYB3X-"CPO M:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\P9F9A,38V-%\Q,38T7S0S-&1? M.#9D-E]A-S'0O:'1M;#L@ M8VAA&UL;G,Z;STS1")U'1087)T7S!F9F$Q-C8T7S$Q-C1?-#,T9%\X-F0V7V$W-SAF +9#9F868X92TM#0H` ` end XML 15 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Other Liabilities
 3 Months Ended
Apr. 30, 2012
Other Liabilities {1}  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

NOTE 4 - WARRANTS AND OPTIONS

 

There are no warrants or options outstanding to acquire any additional shares of common.

 
XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Balance Sheet (USD $)
Apr. 30, 2012
Jan. 31, 2012
Current Assets    
Cash $ 2,387 $ 20,461
Total Current Assets 2,387 20,461
Total Assets 2,387 20,461
Current Liabilities    
Accounts Payable 4,180 2,440
Total Current Liabilities 4,180 2,440
Total Liabilities 4,180 2,440
Stockholders' Equity    
Common Stock 6,000 [1] 6,000 [1]
Additional Paid-in Capital 54,000 54,000
Deficit accumulated during exploration stage (61,793) (41,979)
Total Stockholders' Equity (1,793) (18,021)
Total Liabilities and Stockholders Equity $ 2,387 $ 20,461
[1] $0.001 par value; 75,000,000 shares authorized, 6,000,000 issued and outstanding as of April 30, 2012 and January 31,2012
XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Accounting Policies
 3 Months Ended
Apr. 30, 2012
Accounting Policies  
Significant Accounting Policies [Text Block]

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

a.   Basis of Accounting

 

The Company’s financial statements are prepared using the accrual method of accounting.  The Company has elected a January 31, year-end.

 

b.   Basic Earnings per Share

 

ASC No. 260, “Earnings Per Share”, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.   The Company has adopted the provisions of ASC No. 260. 

 

Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding.  Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company.

 

c.   Cash Equivalents

 

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

 

d.  Use of Estimates and Assumptions

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring. 

 

e.   Income Taxes

 

Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes.  A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards.  Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.

 

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

 

f.   Revenue

 

The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured.  The Company has not generated any revenue since its inception.

 

g.   Advertising

 

The Company will expense its advertising when incurred. There has been no advertising since inception.

 

h.   Recent Accounting Pronouncements

 

The Company has evaluated all the recent accounting pronouncements through the date the financial statements were issued and filed with the Securities and Exchange Commission and believe that none of them will have a material effect on the company’s financial statements.

 
ZIP 18 0001165527-12-000644-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001165527-12-000644-xbrl.zip M4$L#!!0````(`))USD!D=H2LTA4``+&,```1`!P`:7AP;"TR,#$R,#0S,"YX M;6Q55`D``Q,QVD\3,=I/=7@+``$$)0X```0Y`0``[3UK<^+&LI]SJ^Y_F%/9 MBG>K#$B`W]Z<8@%ON/&"`VP>]TMJD`;07:%1-!(VY]??[AD))"'$PV"4S(OC0?Z0>.R4U.;./<]LG[^@=2UK3+0EG3RT7R^/A89.:(>A)L MT>`34B@@[J>!9Q,@UA'7)K,^GHQ]W[TNE?#GHF!&<<2G)7A0`C!Z0=,+%?TD M;#ZT['GSUN\/]]BDK%4K6MA@_A!Q2WC<&T$CK5*R'.'C8")03\)*M'ZL1&WU MTN]?[GO&F$UH8:F7;3G?LOKI5U=7)?DT:KK4,DD//AY0L8`,3ZTMZ`]$842I M.^\QI&(@6XG@"`OWN%@=S+23+NFQ( M)!^NQQX;@N(]N78A$E/Q29@GX6-_YK*/)\*:N#8,JB3A@-2O&]P()LSQ^_"< M&-SQV9/?14@-@`&`_@PE_J.N%7ZY+:6[+,%Y8)[%S:9C-JB?#Q"I+&C50D5+ M@DU`F,.OP2,3']_9=)0+=TAMP13(1*T-7&I MX9,F\)9[:CK*V:B09(%+X:H#"1ZU6X[)GGYFLUQD&DR)ZN5Y13^+@T]!F,.O M!YZ'X[.$0>T_&/4VX7Q!*:J"OPI">@A\,N%.S^?&M]X8S)7H!#Y.$;1W)'`L MA4D].DE@;T4VPV2&-0'AP$_MNY,?SS7Y7V*4.4A2]#P$`]LR[FQ._07ZK[W& M9K@36&.@4DCN+)MY=6#&B'OY4NL!<&A+NLSEGH\\02-.G5D<40)9E0DBA^97;@>-33]&2#[_-X^!3/5-P?V.V_;/#'YT>HX([ MS&P)$0`_-H>_`L*2@5DHZAW\DC\"^%Q)&I=4[Q70E0E:#_\7/0MZK+>$'[J( MZSH5XQUTM5RYO+@MQ8%L"U5'IY2&JE7/]1RP-2&8+T*=>C;5"6@[X]E@'.L0 M[6DDVT/>F/8D:,/@,.O$`YW1@YS<#OBV&HX20.S<,J_4CM(*X9E?CP)F_Z9;OIG M.+H_+7/SF"!FE%+@]DH6,"23K"Q&;4%6S30MC!#!#5#+;#EUZEH^M7?0@+-J M`NL*P'M`GC7B'9`WV)39W$4_"*''B(%;9Y[K68(UV-`R+!\,0C`);(A_S$;@ M0822[K$#DPKG^L5594'H\XEXV3%E\;Y0U:\NK@XV)JFX8VZ;$,4U_PH@]-J% M[TFV+\-\'LI,MH!%+.L;XXR9LYIC[F70R4A@'8)]4K-!]+`5.5U0$"?(=1JI M6#7.2)O:J]A MGGY^@>G]AGCV1E,NN_7+J_++DY0KG_)%-6YDMJ$I5JL)'W^!'O%2Q3,4?A7P MYU.0+R$MX9,/1T6N4/3J]E0\>'S(A)`!Q!U[CMFIZ''D:;B[(\UE_*&0YBN_ M5MD8:\=E*`)G%(K@&0S6KR[CIFD)\C/PYBMW]2IN?_:)-Y?-J?@Q'V^;^2W' MX!-VS\4S>%Q(,3D!=D>$N%2&3Q%6U;!?0UK MYG7WG5`?CNA<7NZ1:%!$CU%,GM2_+:?!7"ZLW!+>YNJV&OP^J-@F0#@L)9M& MUCM3L7D]6?DJ73D25;F22]8=MR,+K#RN(T"H,K5,9GZ: M?17,;#ESGUHS(%Q?5ZQZU+.XQ-@.0>4S9^P+4;F-L'>D M5/:1FQ32_GU_?GDUCGV0LHW?/2PE^36#;(C]=B:_CC:AC_4=6M^O<$=RV3/FEYI@/(`'F M^/)K9QB:7&KCKCN&"Z^B80G#YB+P&*['62/'&EH&=?PP@P+S_`#P###.?:#Z MDXU10-YFLQ]L_^9?A0(;/14*/XS\&_SN$N'/;/;QA[\"[M]\J74_M]K7FN40 M^_8NMWI-XE."J33_5QKM_ZWUF]UVJ36;I!&LU?OMA[D]\X=^?2UUVHW M>ST$7W*Q*]D.TP]TXMXX`^'>[`QBU89;\MX?LVAGY0?R2`6Q0'R>BZT8ZH/) M/()M;/HH"!_*SU(D^*7-IM2DA#OD?Z@34&]&SD\)L%@K+F@F_04&B6#(O0F` M]CEAS@@7](%8A$J-OP)+R%T1IX0M*"74,4'=Y@OPB-BA?N!1FX#*\,`S&'$] M#KD4.N;B,?D<'ZLEHI'%!R-P^T"1M'P!`Y['+\`,$WDZIE-&!HPYQ+8FEJ_8 M9(2;3I!Q5+&'Q^91%G^PUC0(A.4P(8AK4]4(:1E:GO").T8W'#;$YPZ@BI,) M_!QY=+)?9L96!5[8#B0W3[P*TU$&T]'[^@7:_8%6HM?ZW&[=M>JU=I_4ZO7. MUW:_U?Y,'CKWK7JK>53C06.S.3:OL1`L3<*"B:]DZDEHW^O5\QNP-I'^X,P+ M%8A0#RT&<^%?L'$"EV^5!3*\`%I.F#_F)@Z-SH>VRJ+!1"+,9@;.53HW@Q7] ME,P8]0K,,8ODF&P9K!:>0:)5%`*VD\A*_U%IK?7JI,V+I'RNG9)(B!@. M]_#)>--CC(!B^&-0"H_8&-&`]`8PUY$%;,&"HT9^9EQ+OZK@JBE\R)%\T&8T M/C4A@HDK8^]CRTKY/F47@(5(0D.# M#ED=#<&N=FRK?LJX2VLBJ4+,J_HH+&:8RZC@."M8""/G+'*\:,LD-F+1WAE3 M[AF.=9+LD86J(D1+?J`RE\#VT7(&-M(.P_;(T.,3Z,9%C$V0*SB2S9Z)I65^#9`V$C:$G(%':*2U;J)LR_H)NF$>+C5_F"MNJ*O*Q8,EA[D65WR,?J5G71KKTDP\ MJMUN9-$GX\/YW0*4@(,)PBC2MOFCDO^808@91@KHXAMF&Y-P]_FQ_6P4 M$ZG9+")W$;$RRC<',I-&A9(:,.+<5(P7S)M:.,\7=2&8Q&$!395];(A:0>RG M"F#HF90"4XAJP5PPGX$/=W!SR:GL9'`;$U;4.6EI\'0P/)U)9PRPBF0Q_'3F M@JJKP@#I">78U)@@BS:8K"?A!^G2CZH9HVS-J)E3K!.*UU.M4-,Z,K3(0+J@ M46D%/._#94.'6:Q&* MK.LHNX^*CAY8AG.2^D34&Z<>TQ4>C,8+2[DRK'Q$05IX)%]-Y:%E1[F0K+%C MV+8(;IM/H8O%C0>6W+8N?Q^``8`)J-R)PYTHE)THK9)V@V)"!=$GX%?&/K(_ MQF;ELD,5@7>95G4AE^NDELA!?*Y@]7:>J==;W;;Q]9A5$\I61F* MYA1`L3H&2H>Z!%X'6P.K#.8YRB6MKGF:\_6),*K$_"T6_:ED1\6(J:4A\GYN MGSY@4M@Q?(X5("R9XIT_4JUC+F910@+-?G>NGUY<59*$R?J3H\[30JQB80HF M@@&6CWP%DGKO91Y(VK+3)Q#&0)*<65%?R(`S+"H_"R-H$$ MET\KEQ=J+4@$0SQ=&B;#!I^&2VOSO!&^A-Y`&OPX0QW07P*QOCV-BB%[KDIM MXA&'062`A?)'!Z-P+(12(8.#FU'6F5B[GG*P-K+LP27J^8)R;.$:@4SH;)X(#P,_P*OW M!DP6/W*`!$8%(R1#:F`HA351B%!\ M')&0"W\X+:,Z3)R'R!HIL>2XK7"O48YW56D6IGGJ#@)`ZV)8-)LG[;CO`5N?^OO;0:UYC,DY=P51?8C#;=M&J.Z,0G!9[(EQJ M+#V1I"A:O`59F$J8_CAL6CXKAV#BE(:T?.KT^YTOU]]#;G-E7LY)O&_>]1<_ M/M0:#0AQH\::'$NM_O/G;N=KNX'CZ72O\;H^@:OJCK_H(>&<%:LN_/9;J]'_ MZ5J_O')C#;JMSS_-6X3(^YV')8)4NR6*L"F0$XX/4C9(*\(!^MR-\>CY$I>? M?',5E_6K]5Q^M!R3/Z+.$[UXYF(-T+;,%V!Z&3N_;I;7U!(XQ)HVJ6@R'2AG M,E]]C&G[F^*_>L5_.2[_#31]#8_?]/N`O,]8*;E^T_0W3?_G:7H[L>J+ZIY8 M]'U3^A=0^D6.]R[KU]?TB:CBZML\?6EUZ6"%X&!9QEN.L6YJOLCD*FB%MYGU MTM+^[.'"4<9>FC??]\^88*2LGVJZ]C:S7EK,ORYOB7OS8/_$"?9>S;`/&TZQ MQ#!^:DK.7!4OS^(C^'M/P<2@7J=>_-.PU3Y]7)X^]9(CE,WJ<^XD+R%Q?/:2YVLZE-']A<+H9;ZN#+\G9`N4G5Q(,5OH4-L\^TR"WJ\3JEW!N% MF^2,\$*$06R#"'Y79S52^!-';D2XWWZ,FV6C2Q+"4VKF"OHMO%;*8)Y/+>LR%T/%Z1`VLT^Z3PTNS5YC3S.GF7M"6VO`P+:),\G^H^@"S-Y6"EVHFF^<5OV#"]%41OP M#[2W)F^/S)H7?^">NR/LK+G$ZROZG?K/KV>W7&Q/TFFXZTH>MP(K8_,98V*Q M45<=UI?;[W'*GDH3DW.^[TP[P[,7@9AWP8UA5!W'"D\#A&>J!O),<[C#?D@M M3]J(^1'3Z'BT,AIXGL":)D]RQ<>AJ%@_@'7T7^B7\NR(8`<:``DWIBVW9^IU M+/C^5R\(CQ;+4P]XBPUY'%O&F.%.Z.B@7-:YI==R=+6S=-%1:M>D.LT!/@GO MZP$&5$XU3<,_2]MS0P&"]\)#&_-]F"@`N7<FK'H6H6&KTDAXJ:GL>@JF007C6`.B^WW5/2 M*^B@9*/P;2?J2B9U+N*HG,QRD"G_:(+6K6%=[$!1X@:-8X2#LV0\?4Q1UZ/Z4?0XN@$\DUEPZ_)Q5E:XVC@C[F'QX]OEM5Q MK?KEO6UL1223C'^"@0"9P&1M3M&7O-Q-?YJ\K^M3#]2UV>Z3YJ_P]ZLY'9`\ MJ<@D:Z1+CL<2,OWBAHID"1V"?TW;F\#-/L&8,N:^C"2RSPHN/'4C2@`M$6:` MR8#?M$RYT5T=4H0?YL<4,<$:X?UP464?"L*M]6!.BB,^+=5;/R??3[[HIF"68D!O M%0]#!,!RSY>O%5>O?8?_]=O2XE?5BH6O'H^_&IXM7D<."!9`;TOA$)>&VSKB M.#%N!->=&$'TVW8CP#M^CS\"]9[X[4>0NN_UZ"JG;Z!R^NXJE[IN]NC#U5!R MAYQA^FO03WUW_<3KKH]+O795`!'L1GWKB-,JR?]M+!P>GI/DXVW-JNV$40R> M?K0$KY;UBVMX,V(#&[T),J8X26(,Y'(L"&>`R*(X@I7O=EA94QD9E6\ZWZR'G/D0E[!Z^ MD"?YDS]S0>K`=:Q_FR?AKQZWD[KP-/#L(O=&)=#%2@D?E[!AR!?9!Z*)!$SX MCD1%(,<>1J_?AP%)_MN_50^;#IB]P?O"H=T)*<4HB899\Y(44<^(8,/'-6,, M6Y2&$&(6(HA1=Y]_/(E^^[-ZU[B\^U0^TTX(ELZ]CR=Z48M:8N'U.6-(#""Z M$AJ`3VS@CS,"T3F%K[T4R[)(VURP\\'^^"Z5,]WDYDRGL9PI.UG*3!)EH]CE MLOC;;2G!A/UJ6?0R]\VU#'O\W;4L.884@]$@P,^W):0./OP_4$L#!!0````( M`))USD`Z884-Y@(``!,3```5`!P`:7AP;"TR,#$R,#0S,%]C86PN>&UL550) M``,3,=I/$S':3W5X"P`!!"4.```$.0$``,U876_:,!1];J7^!X\]L$E-PL&B\ M1)WV]^901D0!DGRBYEC`.6IZ,\Q,0HL'8:1`H"YC?(:59I#GNN':YSH6+@69 M^@I]:GU&E5+ITJJ4RA4;S>=S&[PI%C&L[?(`69;AIH3]JIN?,9:`=-5,-@J^ M4F'=<6*52W;"^GM%#HA=$/3?1CT'*-, MZ4NUM)-C4/YQ^GM#U@*4:[6:$T=WLS6Y&`3"57)O,ZS!%U+++)EP$L3<%%,^BKI8A M-`J2!"&%I,\7,&D4R"*D5@)N5/_X8FQG6[J+J1O1N+NGVX]88:&`>>`EO&8" MJVN@S<:A/I4BXC`7TQQ8S\B2%;>FUP2KRXH<_?@0"I:XF; M_ M3+5KPPPH#XU+\0[4#QL@0D%D&B(>`\]%S6,%9'N>*!]$C^`QH42ELB#W$//9 M]4]9,U5M"!H.O`$6:KGM34&\YX!ST?`Y\DREU&_6/(![O$A#OEVP7"3;)8BU9[K$=56P>2#R:Z MYR]02P,$%`````@`DG7.0"DFL9W.!P``J&(``!4`'`!I>'!L+3(P,3(P-#,P M7V1E9BYX;6Q55`D``Q,QVD\3,=I/=7@+``$$)0X```0Y`0``[5U=;]LV%'WN M@/X'K7OP!E11G"Q;$S0K7"<=#*2UD60?;P4M7=M<*=(C*2?>KQ\IRXELB[)L MRQ95]"6)IZWE]^]_=YUG1YG0>1#X/2GSO75[ZU;$6$)CF`#^8`XO'9:P011;=!F MX3B2P)T.I6R"I*I!O%8?_*/7ZMYXRO%P))T?VS\Y)\?';]R3X^;)D?/P\'`$ MP1#QV.V1ST+'=77=!-,O%_I''PEP%&HJ+E^-I!Q?>)XN]-CGY(CQH:>!1XH<##Z=R\Z?W]\>;.'T&(7$R%U/!G!06^$/'U&^;'`12H MTC%:Z$_NW,S5E]SFB7O:/'H400KH`).G:CI_]VX\S>7$8"_D=`R7KP0.QP3FUT8``8J(+!'QJN]2\;(0X3()7G%=`MK8 MD1M"V`=>)M0%ORF<)=``@GFU&G\IH<6U>QG5;\UH MYV.OU;Z_5C>[MZW[3O?37>=3NT6O%46,QY7>230$/20B.GV/B$Z'=R.``ATO MF^<=:MP?^SN`TI@24(3Y:20-H@=?QAMI5AKI/CA`HA_WFDBX0X3&&EG3`R+% M_(KFK^D>-Y/1]H?D\F<%1X)N)_>H3V!>`T%]()<-@Y%7,52E%'34GV(=W&?# MBB"WA``IVA'GNB?VA>3(EP;4V;9IX,]MM<470U!Y=^XU2<&+$:S-T?/2`\[" M7"+GU;)UP)U(*!!LK.$BTG`8#X#/)M@5B=%&8F3@/KY5*=6Y+27-]BP*Z\A= MP%^DA=>$[J6XLGD_J9KW7,)KQ;2)XM/J*+[!J(^)X@R$FDS=2>9_&3&B4(GK M?]4:?;HFKQFN;, M39>M;-&F2,9;#M`Z"5;C*=Q9ZB1$5I@V)[#U(M24?0M'_XW'^WJ/\)N/Z15J MTV9AJ'=4%.0_$8E,0\2*6<4Z;#)BKX9HW2#1"@(\0]-#..C0-AICJ:%EC]<& MZQII8@S8NC'C"B9`V%CW^GC?\9I*X&..!5PIBGTLU10D"B.B,D-P%7%,A\LE M#"J6X+A&@I=!HW7)[;:=[7=YIWJP9U&JG\E+\`7#&KP;)O-33KEAES MB&M8KY9M4Q/)XMI"CI,$1H=:5J(-+:P*U;5Z6F"0G(CPHW'1HT,IK70!QSJ-:ML'J<#4"( M&,\',(XB*V8U4&$UM&(KI2K'E:+C21WXSP@N6X!?JA/@$\@.]5D(-TR8R%^T MJ0'Q2T%ED_YKA2,!XCH;BA[PNQ'B\!X)[)N&@4S;&HA@"#);C#?5B?$7Z+=M M(&A-5&\=PJ=(!]X=Q)A%-Y+Z!0W]TD^>2)OYJ(%X&Y*2+>KYMQVX0^_`Z8=` M/Q#V:+=Q_>P;W;?OMZ]M^>SYVG>N<=%GQ-`-K^6IM.#M#6/.P_5:^ M:I#1MR3)NIVHFDU8=VJ;&\]I*WW8XY](R#BR>W8+:NST,8$%U/=,?V"-$AB#2,^(G^%@W29[O9 MFF_AP&(EMZ'#NGU,U=HX(/V(R^QWAU[!F`EL?-LDIT`E6FW?*-.],8\&Z[+S M*MAB#]&O+_=5*5CPP?L*SWM4MB^8XKO M;2G.MX4/*-Q%X_&LLS_W_M37A*U[T;5@Z1KH4Y@(ZQYKZ.A7T=2$6+^):-S< M29E4*\9F[6UQ$R<=IW73A=G6_#UZ!)&KQ*)5?<58BK;8>/[MP9#"WT^)A4^8 MB#AT^1!1_%\L29M1P0@.9OK0H*&ST.0G%'M/IDSOV]=`H5YS@_!95[]>\TD<@0\ MM:]>0G)8]GB0_KYXG+Z?+4$ZDR.#\&@J>Y]$IF:,>Q.7MK9 M(0A+U[=/DF8ONN_.3^+G$-0D5>V3E;NH+^#?2*7+ZTDYDYH5CX=@:J72/,Z2 MZ_J'_B\&ZLK_4$L#!!0````(`))USD`F"K"STP\``'W*```5`!P`:7AP;"TR M,#$R,#0S,%]L86(N>&UL550)``,3,=I/$S':3W5X"P`!!"4.```$.0$``-5= MZV_<-A+_W`+]'W@I<$Z`K-=.KHO]]!C$R^_?:;-Y/]G>^_^^K+=W^;3,`%)=$JA!&X>03'1S\<7+(52B!@ M9);WK>35WO[KW;!_?W]+HSF`4W)[H9D`283P3M&^/-;\<]-P"#@4F/V_MEM MDBS?3J>BTL,-C7<)G4\YL=?3HN"SK[[\XHNT\-L'AK8JW+\NBN]/?_OI["J\ MA8M@@C!+A/A918;>LO3[&0G3!ABP!-(2XK=)46PB/DWV7TU>[^\^L*@DZ`S% M:S:GOUV<385F]O[Q>J]41E!IV?Q:E5P!^V_>O)FF?RV7YN2B9%V\3/V;:?;' M2FFD$&>M5-Z17[RC)(:7<`92GF^3QR5\_XRAQ3*&S_)OMQ3.FLG%E$Y%_2F& M\R"!D=#B&Z'%_7\*+7Z=?SX+;F#\#(B2/U^>2B5[LT4KJS0=2L8+2!&)CG$W M82NU!Y;Z*@EH8B%WJ?Y@DE_S20YVDKE4&,_[0E M-'Q(((Y@5(@MZ"C&<F07L)J6Y8I-Y M$"S%_+8_A7'"BB]B+=B?[.WG<^/7^>=/5ZL;!O]<09PK MG>\VM$%&_-UT(T95\`,:`D(C2/.UN]R.@(;%!_ZC1J2\Q#0D?)Y>)I-"NK3Z MC)*%@5H+[L106=-Q4,1W(!3RQ?$(9O^?XB.X)`PE3((C105K).F%L<%23LLW M!.D;7<60:1<,AZ(S%-R@&"4(L@/,%S02?KXE,=U`.X]L`RG:H93#5ZHQ7#5L;S&9D04H7%(1]@8&FW044C/0]GM%RS8VN#YS?9T.K95/> MN=E2$\6IW0)^%_1!RN`_OF#(6!4Z*T;2+,,);%B!@I??DW(K+=5FZ`Y].1Q,?X7B MN`M&!W>0!G/X<;6X@?1\=G4;`GA@Z#S#Z*PT0.R28<;&B])<#'%UP M$/#I,OWU?':"<(!#%,17_`L4\RC;C`QQ]&)CRPXNAKWG:"3%67FD2C*+.,:2 MU.DQ85EN8;BL)0<;T4N3?':T^(1M]K'ZL.:6&A7]`RY?481$.X+X,&"W)S&Y M/XZS1IPON;$H9#T($W1GXA/N1LM^T;-I@I49Q]D!P8^!$PYBL&8'-OQ\&U]6 MRJJMG?8=/FB<%EG`]2#58%E6VD6$EDH,&SQFI#<+@V_8TS2](4A+WP7#X>

8R-I;Q8=:TP,NH8S!I/!YR9;& MK3+V2UX32_O@HL(OF9%W>2[:66"#""-SJ4=9<)M:7EM(Y?`8#L)\?UM>RB4@;T'`>@2T%]9F>'!N(!2[O67.3UQ7>[[B+`'" M+\"LX`H"HXV?'XU5#BW'+1YCY+776G58=@7T<&.6BS:#C*5[\!,H'9FU8M;C M3\;89I25:0)!U#=$R1I=Q8U:W6,>J1H?I?9QA.I^H])_-'2_6Y8G=0!L?O#K MZO"N.!T\P%$6@7N*9X0N,C^<_`3/J)K5,5X;P9R<^0JW;AY,76+E"V;:JJ1\ MK->^LX9TCOZQ8DGJT+HFEU!H`,60[PHRU\098?Q[TPZAB^^T!U8.7*O]*<#J M)'(C%T@(H(5D`/-M:\RE$E^Q>@M+UM[:S1;VK2\C:H@.J'MS^X;@<"/W"-[! MF"Q%8ZZ28`[YU`+IDB(&?X"82QN7(@AT!Z'=:%F//:LFV-WR73,&*6>P80UR MWN6X$J_/$ZVT6!TA#I`PNCOG%-]!EEBX=8-M;& MG=.VQ1ZY35@K<&8<^41;MCM2IJEM'V_8 M>F.#=-=4V;ZWZ=?A)MY+OK/#*^V<6BMF/5W*&-M%@&:FU(.P+ M\G4-KLZ\:E@,>'?5-&U0'XF"^DP-5*;]]V!)V+]Z2`C4>PJ@3JT8Y>*L<:H? M?Y+[R&WS(SA#(1+!MZO%*KU#&GN7]W@%<=]O\=84(+_#*^F`?O.E_0KC M^$=,[O$5#!C!,#IE;`5I`UK4Y1WD4-.(XB";FN`P^2Q8@(('R)CX!"`C;=1S MK!GUC`^[2IVKP*1FC_M"IPX%U8F@P()$C`!SA'&`N[C,SR/"'C2UX\+J&0 MFQN(M60.J33+[\@=X8P/.4_RL[S&PHZ]Y*I-=^W$;5^W>6(RZ$PH;;+.3&@&ED[,9_R_$=BSA"T?4&' MMO%-II-"\4/?8Y1%$V1_='1ST=W)0%]7%1V[_GV^FRB-)VCH\KYGJFM.5C%! MI7]V,B^5&3F9C@1!7_I7UM"FJ:>NTB%/W3S4A88"<+U]5SP?(,FN`S+7[-[DF'Y!LHR M#\LW[O#AD)[?8SO`T4&T0!@):;AL\/AA"3&3[2%TM:S1:RB6#4Z+BXTBYF>; MB6_H-%1&%8>M.FG,F&7=,\P]!IKU&UKV9$+)V@>/]14NYO)99C-[2%^OAT>: M![&97CFUF9PVXDE;4<::T+]"[=32:A="EZ?NN81+0L4M+7%FV1AOJ2SN((!. M+8B#^+DB^=*:`\A8^((K4U74@^=,.J5?%%VL;F(4\DUN4%V^F\LXP$L#2P<@ MR:B"E*Q_P&AH-RT2<.;%O; MP>O9K<2T,CQ+K+8R-PE/9&45=U&= M"H'6`>C-!KR-&J2AGMJ.&0%?UPJ_1Z60.PQ=N_)HE**"4YK>A;LT-UF* MD`9%CS+GK!^PNB`,F:R0)E5=SD%:`9W-19O7U0I6WF+,0"V*N8!27O?G&$Q2U;*Q-=M.V+1YCW+77FF%V4RV@!_30!51< M2F47D*9>PP\!0Z%D>#:7M??7J42P&70I(0!S\N"Y2$+_`G#=`R;X^`8WI1YJ M;CU]7PSX.G:!YSQN13:_U\O9OR\M8VU_C:V@Z'(BMA+7("[?1.8QL"UM=^V- M9S5$!IP8-]G3(63 M@#Z>H!A2>418M9P#/YV$M0-'W9HRR$C[`@EMV^NN.J7>QXSC_D@2:'Z3V[Q^ M#U'>&E%["?H&@NE3NU>/RR;:#*>R M("_!EBCI5;6R,-LGV!MY?!M!3I5;<^JX!U!?^^L#SC-*,R?'05-H]/;?K?;3 MC:RL#/""(!`4?4&8M*GE;;-"K8->3^.VW'7P8+Y#5E9Q<2E-*Y!5]H+,`N<, MGLJ>UT0C#5>Z#/NH^U-K:Q[*]]2:2ED]FJ9@ZP87_IPD:)I;?MY,J^9A,REG MB22K%PLE$XJB@I.LRVIA;%UZ**<+GD#\J;&K!=ZOOG'!:!!?(HC M^/`CK+X])R_GXGY?,VL75_HRRB`E#3AMGQ"B;'S#M3V5XD?8^T*FC.S<+N5N MA[O-MJ_X3O^V-1I%2/>R31TP8L"/SH,D+>\^`,CIQ<^G$DZC]<"8=<#0B9?_@]0 M2P,$%`````@`DG7.0/#/_UVK"@``;98``!4`'`!I>'!L+3(P,3(P-#,P7W!R M92YX;6Q55`D``Q,QVD\3,=I/=7@+``$$)0X```0Y`0``[5W=;^,V$G_>`OT? M?.F#K\`ZCI/N-0DV5WB=I#":C8TD[?:>%K1$V[S*I$I23G)__9&2G>B+^K(L MBL&^Q(XT',[,CS/D\,L??WE:.9TUI`P1?-$='!YU.Q!;Q$9X<=%%C/1.3S^< M]0;=7_[]_7OPCGF(PPXC<_X(*'S?&=IK@"7! MB*QGO>.CP?%AY_'Q M\1#:"T!]MH<6675Z/5FW@_!?Y_+/###8$5)C=G&PY-P][_=EH:<9=0X)7?0% MLY/^EO#@^^_>O?.)SY\8BA1X/-F2#_I_?KZYMY9P!7H(,R[%#PHR=,[\YS?$ M\A4H4&5'22'_ZVW)>O)1;W#<.QDC"B#?!4A2XL`[.._( MS]_OQND*]^7;/K+IUTMB>2N(^?9SB.TKS!%_'N,YH2L?FX..K\4Y?W;AQ0%# M*]>!VV=+"N<7!^C)=7I;YM+J/Q3FW7\5W:60"3+_^8UX$*D6/G&(;6AO*Y8: MU**4R[=U#\U9>I`[)$0AP)G M+/K/I]_@LS*LQ^D,,[U"V70(/C0%PE^-HF9NI?2.KD&'X%#%#.E(_-XO4U)LYR+IV M"(@/GM-IC,0AHF2ZV4^;-?LU4[\.^*[%DS0/45$: MAH=28042C:764<&"M+\8%F%:H]&(**W`XR7__MA/*'DC'E2>3A]_G@Y'#U?B MY>1N^#">W-Z/;T=#?/7D.H3Z[$6?MH!R!0?@YT_`D;/W]TL(>=5)]AUJW.?4 M^PYB[>(G<\!F?I/S6&\!@!LX"W0XVSZ)>\WF\55:A\"0,ITVK;@D&A"82P4:K8.CA%@2X7U_5>:C9W9 M6L+V#O1HG7DC\A=IY<88/*:9>DFQ([280T%FWP1Z*Z7T1>2$`\>GU(M9)EB& MH92UW&@=(A$SKJ(:A+*A4[0' MV);0F3TD22$T"L0T1=_0""6D7CZ`QB+WID8MI<`1,,!;51J"A5;MV` M_1*NH4-Q+CR*\B)=0X%@#8Z,@ MK\.0K0NA21,4[MC,0B]-4?468^,&*GFY;,5I%;,PSC>">D?SCHCK70X/+?Q- M7!B\9\VLBZ=7W9X%\G3Y]#CI&%MD!5\DRDDE5-2ZUV#-60_/L?>W)?!O2^`E M$+@3HSGLB:XEVVT39&VQ?F;>GU3N#4V@;I7+04PW4JH&EH93B_TCQ\I?!R;9 M64C[EJ:@-T,@O!"C)8A9;C!3TQL1U3+4;=T\S:\0"V$=D;@,[17"_@E[CM9P M([H"H+Q21L"4JWKKIDU"R<9&R,]"[L0AR%QR(^!1*[NG,]K5<9E2,H>,^?)< M0V5?E"`S`H>DRC1L9,PWA*F`B](8`5I, MK3T=S]ZA+P%41E,VA=0_3?X),&2I.I)46B-@4*BYIV/;U>'X`N4E<-`>KH6O M+^"MMYI!.IDG#OIGP52.AQ'PE31+SH'PUDR7RPWHUPYY;'ZV_+7F5DZ6OXJG M_539BRC%3Y,EB^B>MC5GUKR(Y;]-G7^;.J^T06C;HJX<7VCV,J(>6B+C#Y9N M+5%APS^]B*9FH=W,8E$CNUS]*YAE9'_*_'N*_9`[F#%L$6]H"?`"LK`8_C&T(;;# M&VO45_*69-!J+*L8I'6SU**]40CD_L3@BDL,7.;^67>V,8%CSS566A5ON6!=%;%.PAU..KH@R,;A9E#/6&#B:I M1ZQCO(:LIHPJBU>KN^\=S=2Z=4U%*T]1HEPX2&/0VERL0,LN$!E2;5;?9K<6 M1X;-G5"U1(8L7H9'ADPSM6[%731O"T*;70L;R%LMY6UPDWGHT*!Z"T1.N=;& M@0+M.+9M(L]"K(:D:!H9!8R( MW%D*[^E7$M[L16W%+9ZU<::DS[@^>*)JRK5[3@8V^C>J%T='O4W]M"H^5]C6 M>_6&Y[I!1_#:,^3_-%S9TD8@7-@4>_H9AEWF,CD45N7RD@3EM&6(1#<I"=S:_1(7*N]+JJGZ?6]/JDE'33O==9,X[=54+;UU'`'81 M_K5-R`L_Q-X=E,4$VI6.OMHR%!\F:=U05TY2*[1"(SXD<^2I&,I.VN MK+ZLJP:?SF+>C'-G2="V:^;RW+U(R=;=G;(7=+ M./P"*`5RO:)*[AG;`S/*Z'MPJ)7L1Y$VV1"%@%&*&G-<^PR'#3NLBR(6/3^ MHQ*VT>:_H5G>W7TVS*P9/PW76(]OACAF^&,:E>YUB>).EUE$HY=EV#YU9:)= MKA1TU+M[T89/,PZTJ4S3O1U%?@\BXS<@M-[R+4=DQ5VN>'G-`]8J]X`K3:'- M%^^]&8-_>X+KU;J>5<`$QV;\,U&MKJTD43%R]XXHR+7MA(G*D^NM2GKMZ_G9 M.$3WO"B5KNR7FS?RSPPP*)[\'U!+`P04````"`"2='-D550)``,3,=I/$S':3W5X"P`!!"4.```$ M.0$``.U96T_C.!1^GI7V/WAYR8Q$FJ8,LX!:1MU21I48BH"5Y@VYB=-:Z]K! M=KC,K]]CYU*7MMD6::5\:^UR^<\N)D]/^_#!EZ(Y(107O>&&CZ2'"(Q%3 M/NYX5`G_X&#_T`^]S\>__];^P_?1A11Q%I$8C1Y1_^1+]U)E5!.D1*+OL22[ MJ!O?86X8>F*:9II(-.!Q]0J]D\\%O-L-5` M]_?W#1*/L;1J&Y&8(M\WV"J:D"E&8"Y71S&A'6^B=7H4!`\CR1J*1(VQN`N` M$("BT&^&_E[H%>P)917[X-O%F6%I-3_N@;-8:TE'8.:ID-,3DN",Z8Z7\=L, M,YI0$D,\&)D2KN<8'++&*(K`*REE1$X^;]7D/(,;`TP^#;U[,K MZV!I\@.C_)]E[.'AX6%@J27K`J>-2*%Z+S#D$5:DT@Q46L-/N=(F@2Y_K.?# M73#O!SFQ9,V4/\8XK7@3K$:6MR"XJ8&5' MI?F7)$'6[2/]F)+.CJ+3E)&=8F\B2=+9H0\I\\N0WZ22-,"NDD4*!F(KW3;D M`$04I-I:=#8#+E5@&2UH64@+*!$ID9H25<5^)W@=EV*2;.H2B%!.?U:'&!YM MZA"($/8S^A)AMJDO(!)E[`>7F]%Q#3X@<_'WY:#2-]>AL^ M$(>7W>O!\/QJ<-[K\CXX*Z2U]4KC,3'M'?-'N-:V/PZ3'E:34R;NU0ZB,43G M=73EKA2^S*KYN`F_CTWDHTH*KG,\Y`(B0&P`Z7V7(P<766!4('^8TR,29/"1 M-:`=/$5V#3JB*F%"9 M)$,YQIQ^M[@]>)H+1F.[Z/+XPG%^F)Q2#L\0BED55*449-\UF:WJ<\=1D[6,R8$4>. M_"\?_F>WTR$\(O(3^"OT9D=974+W?EASGAFPK8B-DO@79N9H?S4A1#^W$.9T MU.6_]9KY+U"1A?WELSYKD_U;>$]^7-9\"TI-AL)PH>7F0MOXBB@S15O^PW&D MSS5$9@!OIW)JK7!BO@YWW9V2YZ&0=B_-N217A1Q=V_14)7M"[@@3J0F6;1D0 M+")32=7R`TD=>UV"_ERX41Q-1;-R=&T35(6J&T4B@PKFXPLX;DB2FYQ@_+[P.77!?TYD+0 M?UH)_*O\2"P0_?ZD1@OO/ M-L09X1@#]E=!+YWYK(-F!9=.@0+"M"IW_-E<:)4)=:,DM+8I3\>$YF(-\-H1 M8PY>#`D1IXSA$0-9+3,S0S/3MJ,4\B-B ME0V7A_`(=G"D2SW0H;R$LINZ=XQN(>,A!8T?B)G9_2)%EI8P%`!R#SO>>JK> MUKW>!/,Q40->?.+AXZY21"NPT?D.N*&CFRI]6Y>=)\V&?BV5?%OC5QP7-W3D M/[48I]I!?F?#Y;]02P$"'@,4````"`"2=`L``00E M#@``!#D!``!02P$"'@,4````"`"2=8"```3$P``%0`8```````! M````I($=%@``:7AP;"TR,#$R,#0S,%]C86PN>&UL550%``,3,=I/=7@+``$$ M)0X```0Y`0``4$L!`AX#%`````@`DG7.0"DFL9W.!P``J&(``!4`&``````` M`0```*2!4AD``&EX<&PM,C`Q,C`T,S!?9&5F+GAM;%54!0`#$S':3W5X"P`! M!"4.```$.0$``%!+`0(>`Q0````(`))USD`F"K"STP\``'W*```5`!@````` M``$```"D@6\A``!I>'!L+3(P,3(P-#,P7VQA8BYX;6Q55`4``Q,QVD]U>`L` M`00E#@``!#D!``!02P$"'@,4````"`"2=&UL550%``,3,=I/=7@+ M``$$)0X```0Y`0``4$L!`AX#%`````@`DG7.0/3C`Q8@!0``MB```!$`&``` M`````0```*2!BSP``&EX<&PM,C`Q,C`T,S`N>'-D550%``,3,=I/=7@+``$$ ?)0X```0Y`0``4$L%!@`````&``8`&@(``/9!```````` ` end XML 19 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } XML 20 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Development Stage Enterprises
 3 Months Ended
Apr. 30, 2012
Development Stage Enterprises {1}  
Development Stage Enterprise General Disclosures [Text Block]

NOTE 3 - GOING CONCERN

 

The accompanying financial statements are presented on a going concern basis.  The Company had limited operations during the period from January 6, 2010 (inception) to October 31, 2011 and generated a net loss of $61,793.  This condition raises substantial doubt about the Company’s ability to continue as a going concern.  The Company’s current cash of $2,387 is insufficient to cover the expenses they will incur during the next twelve months.

 
XML 21 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Statement of Operations (USD $)
 3 Months Ended 28 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Apr. 30, 2012
Revenues      
Revenues $ 0 $ 0 $ 0
Total Revenues 0 0 0
General and Administrative 16,715 1,892 27,493
Mineral Exploration expense 0 10,000 14,000
Professional Fees 3,100 3,100 20,300
Total Expenses 19,815 14,992 61,793
Net Income (Loss) $ (19,815) $ (14,992) $ (61,793)
Basic earnings (loss) per share $ 0 $ 0  
Weighted average number of common shares outstanding 6,000,000 6,000,000  
XML 22 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information (USD $)
 3 Months Ended
Apr. 30, 2012
Document and Entity Information  
Entity Registrant Name Impact Explorations Inc.
Document Type 10-Q
Document Period End Date Apr. 30, 2012
Amendment Flag false
Entity Central Index Key 0001486315
Current Fiscal Year End Date --01-31
Entity Common Stock, Shares Outstanding 6,000,000
Entity Public Float $ 0
Entity Filer Category Smaller Reporting Company
Entity Current Reporting Status Yes
Entity Voluntary Filers No
Entity Well-known Seasoned Issuer No
Document Fiscal Year Focus 2013
Document Fiscal Period Focus Q1
XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Statement of Cash Flows (USD $)
 3 Months Ended 28 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Apr. 30, 2012
Cash Flows From Operating Activities      
Net Income (Loss) $ (19,815) $ (14,992) $ (61,793)
Changes in operating assets and liabilities:      
Deposit 0 10,000 0
Accounts Payable 1,740 630 4,180
Net cash provided by (used in) operating activities (18,075) (4,362) (57,613)
Cash Flows From Investing Activities      
Net cash provided by (used in) investing activities 0 0 0
Cash Flows From Financing Activities      
Issuance of Common Stock 0 0 60,000
Net cash provided by (used in) financing activities 0 0 60,000
Net increase (decrease) in cash (18,075) (4,362) 2,387
Cash at Beginning of Period 20,461 30,683 0
Cash at End of Period 2,387 26,321 2,387
Supplemental Disclosures of Cash Flow Information      
Cash paid during year for Interest 0 0 0
Cash paid during year for Income Taxes $ 0 $ 0 $ 0
XML 24 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events
 3 Months Ended
Apr. 30, 2012
Subsequent Events  
Subsequent Events [Text Block]

NOTE 10 - SUBSEQUENT EVENTS

 

The Company evaluated all events or transactions that occurred after April 30, 2012 up through the date the Company issued these financial statements.  During this period, the Company did not have any material recognizable subsequent events.

 
XML 25 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Equity
 3 Months Ended
Apr. 30, 2012
Equity  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 8 - STOCK TRANSACTIONS

 

Transactions, other than employees’ stock issuance, are in accordance with ASC No. 505. Thus issuances shall be accounted for based on the fair value of the consideration received.  Transactions with employees’ stock issuance are in accordance with ASC No. 718. These issuances shall be accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, or whichever is more readily determinable. 

 

On January 6, 2010 the Company issued a total of 3,000,000 shares of common stock to one director for cash at $0.005 per share for a total of $15,000.

 

On September 14, 2010 the Company issued a total of 3,000,000 shares of common stock to 26 unrelated shareholders for cash at $.015 per share for a total of $45,000 pursuant to a S-1 registration statement.

 

As of April 30, 2012 the Company had 6,000,000 shares of common stock issued and outstanding.

 

NOTE 9 - STOCKHOLDERS’ EQUITY

 

The stockholders’ equity section of the Company contains the following classes of capital stock as of April 30, 2012:

 

Common stock, $ 0.001 par value: 75,000,000 shares authorized; 6,000,000 shares issued and outstanding.
XML 26 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Organization, Consolidation and Presentation of Financial Statements
 3 Months Ended
Apr. 30, 2012
Organization, Consolidation and Presentation of Financial Statements  
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

 

Impact Explorations Inc. (the Company) was incorporated under the laws of the State of Nevada on January 6, 2010.  The Company was formed to engage in the acquisition, exploration and development of natural resource properties.

 

The Company is in the exploration stage. Its activities to date have been limited to capital formation, organization and development of its business plan and the first phase of its planned exploration program.

 
XML 27 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes
 3 Months Ended
Apr. 30, 2012
Income Taxes  
Income Tax Disclosure [Text Block]

NOTE 6 - INCOME TAXES

 

 

As of April 30, 2012

 

 

Deferred tax assets:

 

Net operating tax carryforwards

   $                 61,793

Other

             -0-

Gross deferred tax assets

            21,010

Valuation allowance

            (21,010)

 

 

Net deferred tax assets

   $                      -0-

 

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income.  As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.

 

NOTE 7 - NET OPERATING LOSSES

 

As of April 30, 2012, the Company has a net operating loss carryforwards of approximately $61,793.  Net operating loss carryforwards expires twenty years from the date the loss was incurred.

 
XML 28 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 8 50 1 true 0 0 false 3 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://IXPL/20120430/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information true false R2.htm 000020 - Statement - IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Balance Sheet Sheet http://IXPL/20120430/role/idr_IMPACTEXPLORATIONSINCAnExplorationStageCompanyBalanceSheet IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Balance Sheet false false R3.htm 000030 - Statement - IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Statement of Operations Sheet http://IXPL/20120430/role/idr_IMPACTEXPLORATIONSINCAnExplorationStageCompanyStatementOfOperations IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Statement of Operations false false R4.htm 000040 - Statement - IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Statement of Cash Flows Sheet http://IXPL/20120430/role/idr_IMPACTEXPLORATIONSINCAnExplorationStageCompanyStatementOfCashFlows IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Statement of Cash Flows false false R5.htm 000050 - Disclosure - Organization, Consolidation and Presentation of Financial Statements Sheet http://IXPL/20120430/role/idr_DisclosureOrganizationConsolidationAndPresentationOfFinancialStatements Organization, Consolidation and Presentation of Financial Statements false false R6.htm 000060 - Disclosure - Accounting Policies Sheet http://IXPL/20120430/role/idr_DisclosureAccountingPolicies Accounting Policies false false R7.htm 000070 - Disclosure - Development Stage Enterprises Sheet http://IXPL/20120430/role/idr_DisclosureDevelopmentStageEnterprises Development Stage Enterprises false false R8.htm 000080 - Disclosure - Other Liabilities Sheet http://IXPL/20120430/role/idr_DisclosureOtherLiabilities Other Liabilities false false R9.htm 000090 - Disclosure - Related Party Disclosures Sheet http://IXPL/20120430/role/idr_DisclosureRelatedPartyDisclosures Related Party Disclosures false false R10.htm 000100 - Disclosure - Income Taxes Sheet http://IXPL/20120430/role/idr_DisclosureIncomeTaxes Income Taxes false false R11.htm 000110 - Disclosure - Equity Sheet http://IXPL/20120430/role/idr_DisclosureEquity Equity false false R12.htm 000120 - Disclosure - Subsequent Events Sheet http://IXPL/20120430/role/idr_DisclosureSubsequentEvents Subsequent Events false false All Reports Book All Reports Process Flow-Through: 000020 - Statement - IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Balance Sheet Process Flow-Through: Removing column 'Apr. 30, 2011' Process Flow-Through: Removing column 'Jan. 31, 2011' Process Flow-Through: Removing column 'Dec. 31, 2009' Process Flow-Through: 000030 - Statement - IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Statement of Operations Process Flow-Through: 000040 - Statement - IMPACT EXPLORATIONS INC. - (An Exploration Stage Company) - Statement of Cash Flows ixpl-20120430.xml ixpl-20120430.xsd ixpl-20120430_cal.xml ixpl-20120430_def.xml ixpl-20120430_lab.xml ixpl-20120430_pre.xml true true