0001549727-13-000149.txt : 20130815 0001549727-13-000149.hdr.sgml : 20130815 20130815161748 ACCESSION NUMBER: 0001549727-13-000149 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20130430 FILED AS OF DATE: 20130815 DATE AS OF CHANGE: 20130815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QMIS Finance Securities Corp CENTRAL INDEX KEY: 0001489644 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 593270650 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-53995 FILM NUMBER: 131042432 BUSINESS ADDRESS: STREET 1: BLOCK 5, ROOM 2503, WANDA SQUARE, STREET 2: NO.93 JIANGUO ROAD, CHAOYANG DISTRICT, CITY: BEIJING STATE: F4 ZIP: 100022 BUSINESS PHONE: 8613909840703 MAIL ADDRESS: STREET 1: BLOCK 5, ROOM 2503, WANDA SQUARE, STREET 2: NO.93 JIANGUO ROAD, CHAOYANG DISTRICT, CITY: BEIJING STATE: F4 ZIP: 100022 FORMER COMPANY: FORMER CONFORMED NAME: Lightman Grant, Inc. DATE OF NAME CHANGE: 20100415 10-K/A 1 qmisform10kamendmentxbrl.htm AMENDMENT NO. 1 TO FORM 10-K Converted by EDGARwiz

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-K/A

 

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended: April 30, 2013

 

OR

 

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Commission File Number: 000-53995

 

QMIS Finance Securities Corporation

(Name of Small Business Issuer in Its Charter)

 

Delaware

59-3270650

(State or Other Jurisdiction of

(I.R.S. Employer

Incorporation or Organization)

Identification No.)

 

800 Delaware Ave P.O. Box 8702,

Wilmington, DE 19801

 (Address of Principal Executive Offices) (Zip Code)

 

Registrant’s Telephone Number: +86 13909840703

 

Securities registered under Section 12 (b) of the Exchange Act: NONE

 

Securities registered under to Section 12 (g) of the Exchange Act:

 

Common Stock, $.001 par value

(Title of Class)

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in rule 405 of the Securities Act. YES [  ] NO [X]

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. [  ]

 

Indicate by check mark whether the registrant (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 past 90 days. YES [X] NO [  ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (for such shorter period that the registrant was required to submit and post such files). YES [X] NO [  ]

 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X]

 

Indicate by checkmark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. [X] Smaller Reporting Company

 

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 aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter. $5,722 (114,448 shares at $0.05).



EXPLANATORY NOTE

 

The sole purpose of this Amendment No. 1 to QMIS Finance Securities Corporation’s  Annual Report on Form 10-K  (the “Report”) for the fiscal year ended April 30, 2013, as filed with the Securities and Exchange Commission on August 13, 2013, is to furnish Exhibit 101 to the Report in accordance with Rule 405 of Regulation S-T. Exhibit 101 provides the financial statements and related notes from the Report formatted in XBRL (eXtensible Business Reporting Language).

 

No other changes have been made to the Report. This Amendment No. 1 to the Report does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way the disclosures made in the original Report.



PART IV

 

Item 15. Exhibits, Financial Statement Schedules

 

Exhibit

No.

 

Document

 

 

 

31.1 

 

Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 

 

 

 

32.1 

 

Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes Oxley Act of 2002 

 

 

 

101.INS

 

XBRL Instance Document

 

 

 

101.SCH

 

XBRL Taxonomy Extension Schema

 

 

 

101.CAL

 

XBRL Taxonomy Extension Calculation Linkbase

 

 

 

101.DEF

 

XBRL Taxonomy Extension Definition Linkbase

 

 

 

101.LAB

 

XBRL Taxonomy Extension Label Linkbase

 

 

 

101.PRE

 

XBRL Taxonomy Presentation Linkbase

 






SIGNATURES

 

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

 

 

QMIS Finance Services Corporation.

 

 

 

/s/ Chin Yung Kong

 

Name: Chin Yung Kong

 

Title: President/CEO and Director and Chief Accounting Officer

 

 

 

August 15, 2013

 




EX-31 2 ex311.htm EXHIBIT 31 Exhibit 31

Exhibit 31.1

CERTIFICATION

 

I, Chin Yung Kong, certify that:

 

 

1.

I have reviewed this amended annual report on Form 10-K/A of QMIS Finance Securities Corporation (formerly “Lightman Grant, 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(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

 

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

 

5.

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

 

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: August 15, 2013

/s/ Chin Yung Kong

     Chin Yung Kong

Chief Executive Officer




EX-31 3 ex312.htm EXHIBIT 31 Exhibit 31

Exhibit 31.2

CERTIFICATION

 

I, Chin Yung Kong, certify that:

 

 

1.

I have reviewed this amended annual report on Form 10-K/A of QMIS Finance Securities Corporation (formerly “Lightman Grant, 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(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

 

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

 

5.

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

 

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: August 15, 2013

/s/ Chin Yung Kong

     Chin Yung Kong

Chief Financial Officer




EX-32 4 ex321.htm EXHIBIT 32 Exhibit 32

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Amended Annual Report of QMIS Finance Securities Corporation (formerly “Lightman Grant, Inc”) (the “Company”) on Form 10-K/A for the year ended April 30, 2013 as filed with the Securities and Exchange Commission (the “Report”), I, Chin Yung Kong, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

 

(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 results of operations of the Company.

 

 

 

 

 

 

 

Date: August 15, 2013

 

/s/ Chin Yung Kong

 

 

     Chin Yung Kong

Chief Executive Officer

 

 

 




EX-32 5 ex322.htm EXHIBIT 32 Exhibit 32

Exhibit 32.2

CERTIFICATION 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 Amended Annual Report of QMIS Finance Securities Corporation (formerly “Lightman Grant, Inc”) (the “Company”) on Form 10-K/A for the year ended April 30, 2013 as filed with the Securities and Exchange Commission (the “Report”), I, Chin Yung Kong, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

 

(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 results of operations of the Company.

 

 

 

 

 

 

 

Date: August 15, 2013

 

/s/ Chin Yung Kong

 

 

     Chin Yung Kong

Chief Financial Officer

 

 

 




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The sold 380,000 shares of common stock represented approximately 77% of the total issued and outstanding common stock of the Company and the sold 5,000,000 shares of Series B Preferred Stock represent 100% of the total issued and outstanding preferred stock of the Company. &#160;As result of this share purchase transaction, Chin Yung Kong became the controlling shareholder of the Company. &#160;Chin Yung Kong used personal funds for the transaction. &#160;</p></div> 0.77 1.00 <div style="width: 720px"><p style="margin: 0px"><b>Note 2: Significant Accounting Policies</b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><i><u>Basis of Presentation</u></i>: The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (&#148;GAAP&#148;).</p> <p style="margin: 0px"><i><u>Revenues:</u></i> The sole owner of The Company recorded $24,000 as FMV of his compensation and rent. &#160;These funds were recorded as an expense on the prior financial statements submitted to the SEC. &#160;The prior financial statements recorded these transactions from May 2007 through April 30, 2012 as expenses and contribution to paid-in-capital. &#160;According to ASC 958-605-25-2 such nonreciprocal transactions are recognized as revenue in the period the contribution is received. This departure from GAAP on the prior financial statements has been corrected on the restated financial statements. &#160;There was no provision for the FMV of the officer services in the statement of revenues and expenses for the fiscal year ended April 30, 2013.</p> <p style="margin: 0px"><i><u>Use of Estimates</u>&#160;</i>The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates.</p> <p style="margin: 0px"><i>&#160;</i></p> <p style="margin: 0px"><i><u>Cash and Cash Equivalents</u>:&#160;</i>For financial statement presentation purposes, the Company considers those short-term, highly liquid investments with original maturities of three months or less to be cash or cash equivalents. &#160;There was no cash in the bank At April 30, 2013 and only $161 at April 30, 2012. &#160;There were no cash equivalents. &#160;The Company&#146;s checking was clopped in December, 2012 and the new majority shareholder, Chin Yung Kong has used his personal funds to pay the Company liabilities. &#160;At the date of this report there was still no operating checking account. </p> <p style="margin: 0px"><i>&#160;</i></p> <p style="margin: 0px"><i><u>Receivable &#150; Other: &#160;</u></i>On November 8, 2012 Michael Anthony stated that Lightman Grant, Inc. did not have any liability owing to any vendor. &#160;During the course of the audit it was determined that there was $13,739 due to vendors. &#160;The financial statements reflect this liability in accounts payable, offset by a receivable amount due from Michael Anthony.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><i><u>Property and Equipment</u></i>&#160;The Company does not have any property and equipment at both April 30, 2013 and 2012.</p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px"><i><u>Valuation of Long-Lived Assets</u>:</i>&#160;The Company does not have any long lived assets, including Goodwill on April 30, 2013 and 2012.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><i><u>Stock Based Compensation:</u>&#160;</i>The Company does not have any stock based Compensation or pension plan.</p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px"><u>Accounting for Obligations and Instruments Potentially to Be Settled in the Company&#146;s Own Stock</u>: There are no reportable transactions.</p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px"><u>Fair Value of Financial Instruments</u>: There are no financial instruments to be disclosed under&#160;FASB ASC 825.</p> <p style="margin: 0px"><i>&#160;</i></p> <p style="margin: 0px"><i><u>Earnings per Common Share</u>:</i>&#160;We compute net income (loss) per share in accordance with ASC 260,&#160;<i>Earning per Share</i>. ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.</p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px"><i><u>Income Taxes:</u>&#160;</i>We have adopted ASC 740,&#160;<i>Accounting for Income Taxes.&#160;</i>Pursuant to ASC 740, we are required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.</p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px">We must make certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments occur in the calculation of certain tax assets and liabilities, which arise from differences in the timing of recognition of revenue and expense for tax and financial statement purposes.</p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px">Deferred tax assets and liabilities are determined based on the differences between financial reporting and the tax basis of assets and liabilities using the tax rates and laws in effect when the differences are expected to reverse. ASC 740 provides for the recognition of deferred tax assets if realization of such assets is more likely than not to occur. Realization of our net deferred tax assets is dependent upon our generating sufficient taxable income in future years in appropriate tax jurisdictions to realize benefit from the reversal of temporary differences and from net operating loss, or NOL, carry forwards. We have determined it more likely than not that these timing differences will not materialize and have provided a valuation allowance against substantially our entire net deferred tax asset. Management will continue to evaluate the quality of the deferred tax asset and its related valuation allowance. If our assessment of the deferred tax assets or the corresponding valuation allowance were to change, we would record the related adjustment to income during the period in which we make the determination. Our tax rate may also vary based on our results and the mix of income or loss in domestic and foreign tax jurisdictions in which we operate.</p> <p style="margin: 0px">&#160;&#160;</p> <p style="margin: 0px">In addition, the calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax regulations. We recognize liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on our estimate of whether, and to the extent to which, additional taxes will be due. If we ultimately determine that payment of these amounts is unnecessary, we will reverse the liability and recognize a tax benefit during the period in which we determine that the liability is no longer necessary. We will record an additional charge in our provision for taxes in the period in which we determine that the recorded tax liability is less than we expect the ultimate assessment to be.</p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px">ASC 740 which requires recognition of estimated income taxes payable or refundable on income tax returns for the current year and for the estimated future tax effect attributable to temporary differences and carry-forwards. Measurement of deferred income tax is based on enacted tax laws including tax rates, with the measurement of deferred income tax assets being reduced by available tax benefits not expected to be realized.</p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px"><i><u>Uncertain Tax Positions</u></i></p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px">The Financial Accounting Standards Board issued Interpretation No. 48, &#147;Accounting for Uncertainty in Income Taxes &#150; an interpretation of FASB Statement No. 109, Accounting for Income Taxes&#148; (&#147;FIN No. 48&#148;) which was effective for the Company on January 1, 2007. FIN No. 48 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under FIN No. 48, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. FIN No. 48 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and disclosure requirements.</p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px">Our federal and state income tax returns are open for fiscal years ending on or after April 30, 2007.&#160;We are not under examination by any jurisdiction for any tax year. 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Note 2: Significant Accounting Policies (Details Narrative) (USD $)
12 Months Ended
Apr. 30, 2012
Apr. 30, 2013
Accounting Policies [Abstract]    
Revenue $ 24,000  
Cash 161 0
Receivable - other    $ 13,739
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Statements of Revenue and Expenses (USD $)
12 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Income Statement [Abstract]    
Donated revenues   $ 24,000
Expenses    
Officers compensation   21,600
Rent   2,400
Professional fees 19,833 15,000
Delaware franchise fees 539 539
Other general and administrative 4,067 3,612
Total Expenses 24,439 43,151
Loss from operations (24,439) (19,151)
Income taxes      
Net Loss $ (24,439) $ (19,151)
Basic and diluted per share amounts $ (0.046) $ (0.039)
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Note 4: Commitments
12 Months Ended
Apr. 30, 2013
Commitments and Contingencies Disclosure [Abstract]  
Note 4: Commitments

Note 4: Commitments--

 

The Company is not a party to any leases and does not have any commitments

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Note 5: Stockholders' Equity (Details Narrative) (USD $)
0 Months Ended 12 Months Ended
Feb. 18, 2009
Jan. 29, 2009
Nov. 19, 2007
Apr. 30, 2013
Apr. 30, 2012
Equity [Abstract]          
Common Stock, shares authorized       300,000,000 300,000,000
Common stock, par value       $ 0.001 $ 0.001
Common Stock Voting Rights       1  
Proceeds from Issuance of Common Stock     $ 19,000    
Issuance of Restriced Common Stock, shares     380,000    
Preferred Stock, shares authorized       20,000,000 20,000,000
Preferred Stock, par value       $ 0.001 $ 0.001
Series B Preferred Stock   5,000,000      
Voting Rights   1:10      
Series A Convertible to common shares   10      
Proceeds from Issuance of Preferred Stock $ 25,000        
Issuance of Preferred Stock, shares 5,000,000        
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Statements of Cash Flows (USD $)
12 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Cash flows used in operating activities:    
Net (Loss) $ (24,439) $ (19,151)
Adjustments reconcile net loss to net cash (used) in operating activities:    
Increase in accounts payable 13,534 7,903
(Increase) Decrease in amounts due to related parties (45,316) 11,248
Increase in receivables - other (13,739)   
Net cash (used) by operating activities: (69,960)   
Increase in paid-in-capital 69,799  
Change in cash (161)   
Cash - beginning of period 161 161
Cash - end of period    161
Supplementary information:    
Interest paid     
Taxes paid     
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Note 2: Significant Accounting Policies
12 Months Ended
Apr. 30, 2013
Accounting Policies [Abstract]  
Note 2: Significant Accounting Policies

Note 2: Significant Accounting Policies


Basis of Presentation: The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (”GAAP”).

Revenues: The sole owner of The Company recorded $24,000 as FMV of his compensation and rent.  These funds were recorded as an expense on the prior financial statements submitted to the SEC.  The prior financial statements recorded these transactions from May 2007 through April 30, 2012 as expenses and contribution to paid-in-capital.  According to ASC 958-605-25-2 such nonreciprocal transactions are recognized as revenue in the period the contribution is received. This departure from GAAP on the prior financial statements has been corrected on the restated financial statements.  There was no provision for the FMV of the officer services in the statement of revenues and expenses for the fiscal year ended April 30, 2013.

Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates.

 

Cash and Cash EquivalentsFor financial statement presentation purposes, the Company considers those short-term, highly liquid investments with original maturities of three months or less to be cash or cash equivalents.  There was no cash in the bank At April 30, 2013 and only $161 at April 30, 2012.  There were no cash equivalents.  The Company’s checking was clopped in December, 2012 and the new majority shareholder, Chin Yung Kong has used his personal funds to pay the Company liabilities.  At the date of this report there was still no operating checking account.

 

Receivable – Other:  On November 8, 2012 Michael Anthony stated that Lightman Grant, Inc. did not have any liability owing to any vendor.  During the course of the audit it was determined that there was $13,739 due to vendors.  The financial statements reflect this liability in accounts payable, offset by a receivable amount due from Michael Anthony.


Property and Equipment The Company does not have any property and equipment at both April 30, 2013 and 2012.

 

Valuation of Long-Lived Assets: The Company does not have any long lived assets, including Goodwill on April 30, 2013 and 2012.


Stock Based Compensation: The Company does not have any stock based Compensation or pension plan.

 

Accounting for Obligations and Instruments Potentially to Be Settled in the Company’s Own Stock: There are no reportable transactions.

 

Fair Value of Financial Instruments: There are no financial instruments to be disclosed under FASB ASC 825.

 

Earnings per Common Share: We compute net income (loss) per share in accordance with ASC 260, Earning per Share. ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

 

Income Taxes: We have adopted ASC 740, Accounting for Income Taxes. Pursuant to ASC 740, we are required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.

 

We must make certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments occur in the calculation of certain tax assets and liabilities, which arise from differences in the timing of recognition of revenue and expense for tax and financial statement purposes.

 

Deferred tax assets and liabilities are determined based on the differences between financial reporting and the tax basis of assets and liabilities using the tax rates and laws in effect when the differences are expected to reverse. ASC 740 provides for the recognition of deferred tax assets if realization of such assets is more likely than not to occur. Realization of our net deferred tax assets is dependent upon our generating sufficient taxable income in future years in appropriate tax jurisdictions to realize benefit from the reversal of temporary differences and from net operating loss, or NOL, carry forwards. We have determined it more likely than not that these timing differences will not materialize and have provided a valuation allowance against substantially our entire net deferred tax asset. Management will continue to evaluate the quality of the deferred tax asset and its related valuation allowance. If our assessment of the deferred tax assets or the corresponding valuation allowance were to change, we would record the related adjustment to income during the period in which we make the determination. Our tax rate may also vary based on our results and the mix of income or loss in domestic and foreign tax jurisdictions in which we operate.

  

In addition, the calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax regulations. We recognize liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on our estimate of whether, and to the extent to which, additional taxes will be due. If we ultimately determine that payment of these amounts is unnecessary, we will reverse the liability and recognize a tax benefit during the period in which we determine that the liability is no longer necessary. We will record an additional charge in our provision for taxes in the period in which we determine that the recorded tax liability is less than we expect the ultimate assessment to be.

 

ASC 740 which requires recognition of estimated income taxes payable or refundable on income tax returns for the current year and for the estimated future tax effect attributable to temporary differences and carry-forwards. Measurement of deferred income tax is based on enacted tax laws including tax rates, with the measurement of deferred income tax assets being reduced by available tax benefits not expected to be realized.

 

Uncertain Tax Positions

 

The Financial Accounting Standards Board issued Interpretation No. 48, “Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109, Accounting for Income Taxes” (“FIN No. 48”) which was effective for the Company on January 1, 2007. FIN No. 48 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under FIN No. 48, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. FIN No. 48 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and disclosure requirements.

 

Our federal and state income tax returns are open for fiscal years ending on or after April 30, 2007. We are not under examination by any jurisdiction for any tax year. At April 30, 2013 we had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under FIN 48.

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Note 5: Stockholders' Equity
12 Months Ended
Apr. 30, 2013
Equity [Abstract]  
Note 5: Stockholders' Equity

Note 5: Stockholders' Equity--

 

Common Stock

 

We are currently authorized to issue up to 300,000,000 shares of $ 0.001 par value common stock. All issued shares of common stock are entitled to vote on a 1 share/1 vote basis.

 

November 19, 2007, in exchange for approximately $19,000 of capital investments by Century Capital Partners we issued 380,000 shares of restricted $.001 par value common stock. Mr. Anthony is the managing member of CCP and has sole voting and dispositive control.

 

Preferred Stock

 

We are currently authorized to issue up to 20,000,000 shares of $ 0.001 preferred stock. Effective April 30, 2007 the board of directors approved the cancellation of all previously issued preferred shares and approved the cancellation and extinguishment of all common and preferred share conversion rights of any kind, including without limitation, warrants, options, convertible debt instruments and convertible preferred stock of every series and accompanying conversion rights of any kind.

 

On January 29 2009 we designated 5,000,000 shares of Series “B” preferred stock. The Series “B” allows voting rights in a ratio of 1:10 over the common. Each share of the Series A is convertible in to 10 shares of common at the discretion of the holder.

 

On February 18, 2009, Corporate Services International, Inc. agreed to contribute $25,000 in exchange for 5,000,000 shares of the Series “B” preferred stock. We have agreed to use these funds to pay the costs and expenses necessary to revive our business and implement the Company’s business plan. Such expenses include, fees to re-domicile the Company to the state of Delaware; payment of state filing fees; transfer agent fees; calling and holding a shareholder’s meeting; accounting and legal fees; and costs associated with preparing and filing this Registration Statement, etc.

 

Corporate Services International, Inc. is a business consulting company of which Michael Anthony is the sole shareholder, officer and director.

 

Stock Options

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Note 3: Income Taxes
12 Months Ended
Apr. 30, 2013
Income Tax Disclosure [Abstract]  
Note 3: Income Taxes

Note 3: Income Taxes


We have adopted ASC 740, Income Taxes, which provides for the recognition of a deferred tax asset based upon the value the loss carry-forwards will have to reduce future income taxes and management's estimate of the probability of the realization of these tax benefits. Our net operating loss carryovers incurred prior to 2008 considered available to reduce future income taxes were reduced or eliminated through our recent change of control (I.R.C. Section 382(a)) and the continuity of business limitation of I.R.C. Section 382(c).

 

We have recorded current operating loss carry-forward. We have determined it more likely than not that these timing differences will not materialize and have provided a valuation allowance against substantially all our net deferred tax asset.

 

Future utilization of currently generated federal and state NOL and tax credit carry forwards may be subject to a substantial annual limitation due to the ownership change limitations provided by the Internal Revenue Code of 1986, as amended and similar state provisions. The annual limitation may result in the expiration of NOL and tax credit carry-forwards before full utilization.

 

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Balance Sheets (Parenthetical) (USD $)
Apr. 30, 2013
Apr. 30, 2012
Statement of Financial Position [Abstract]    
Common Stock, par value $ 0.001 $ 0.001
Common Stock, shares authorized 300,000,000 300,000,000
Common Stock, shares issued 494,448 494,448
Common Stock, shares outstanding 494,448 494,448
Preferred Stock, par value $ 0.001 $ 0.001
Preferred Stock, shares authorized 20,000,000 20,000,000
Preferred Stock, shares issued 5,000,000 5,000,000
Preferred Stock, shares outstanding 5,000,000 5,000,000
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Note 8: Subsequent Events
12 Months Ended
Apr. 30, 2013
Subsequent Events [Abstract]  
Note 8: Subsequent Events

Note 8: Subsequent Events—


The Company has adopted The “Financial Standards Board” ASU 2010-09 dated February, 2010. Management has evaluated subsequent events through August 7, 2013, the date on which the financial statements were available to be issued. Management is not aware of any subsequent events that require recognition or disclosure in the financial statements.

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Statements of Changes in Stockholders Deficit (USD $)
Common Stock
Preferred Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning Balance, amount at Apr. 30, 2011 $ 494 $ 25,000      
Beginning Balance, shares at Apr. 30, 2011 494,448 5,000,000 18,486 (93,411) (49,431)
Net loss       (19,151) (19,151)
Ending Balance, amount at Apr. 30, 2012 494 25,000 18,486 (112,562) (68,582)
Ending Balance, shares at Apr. 30, 2012 494,448 5,000,000      
Additional paid-in-capital     69,799   69,799
Net loss       (24,439) (24,439)
Ending Balance, amount at Apr. 30, 2013 $ 494 $ 25,000 $ 88,285 $ (137,001) $ (23,222)
Ending Balance, shares at Apr. 30, 2013 494,448 5,000,000      
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Balance Sheets (USD $)
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Apr. 30, 2012
Current assets    
Cash $ 0 $ 161
Receivable - other 13,739   
Total current assets 13,739 161
Total Assets 13,739 161
Current liabilities    
Accounts payable and accrued epenses 32,961 19,427
Due to related parties 4,000 49,316
Total Liabilities 36,961 68,743
Stockholoders' Deficiency    
Common stock, $.001 par value, 300,000,000 shares authorized 494,448 shares issued and outstanding 494 494
Preferred stock, $.001 par value, 20,000,000 shares authorized 5,000,000 shares issued and outstanding 25,000 25,000
Additional Paid-in-capital 88,285 18,486
Accumulated deficit (137,001) (112,562)
Total Stockholders' Defiency (23,222) (68,582)
Total Liabilities and Stockholders' Deficiency $ 13,739 $ 161
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Note 7: Going Concern
12 Months Ended
Apr. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Note 7: Going Concern

Note 7: Going Concern—


As stated in our report, the accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company, however, has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern. The Company’s financial viability depends on its near-term ability to find a suitable merger partner. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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Note 1:Organization (Details Narrative) (USD $)
0 Months Ended
Nov. 13, 2012
Apr. 30, 2013
Apr. 30, 2012
Common Stock, par value   $ 0.001 $ 0.001
Preferred stock, par value   $ 0.001 $ 0.001
Sales of stock, amount $ 170,000    
Common Stock
     
Stock Issued During Period, Shares, Issued for Cash 380,000    
Common Stock, par value $ 0.001    
Percentage of stock 77.00%    
Series B Preferred Stock
     
Stock Issued During Period, Shares, Issued for Cash 5,000,000    
Preferred stock, par value $ 0.001    
Percentage of stock 100.00%    
XML 46 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 6: Related Party Transactions not Disclosed Elsewhere
12 Months Ended
Apr. 30, 2013
Related Party Transactions [Abstract]  
Note 6: Related Party Transactions not Disclosed Elsewhere

Note 6: Related Party Transactions not Disclosed Elsewhere--

 

 

Fair value of services: The principal stockholder provided, services to the Company valued at $1,800 per month, $21,600 per year) for the fiscal years ended April 30, 2008 through April 30, 2012.  The principal stockholder also provided office space to the Company valued at $200 per month, a total of $2,400 for the years ending April 30, 2012 and 2011.In accordance with ASC 958-605-25-2, the total of these expenses ($24,000 per year) were charged to general and administrative expenses with a corresponding credit to “Revenue Donation”.

XML 47 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 1:Organization
12 Months Ended
Apr. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Note 1:Organization

Note 1:  Organization

 

 


QMIS Finance Services Corporation f/k/a Lightman Grant, Inc. was incorporated in the State of Delaware on October 23, 2007 under the laws of the State of Delaware.   When used in these notes, the term “Company” means QMIS Finance Services Corporation. The Company is a shell company having no operations or assets.   The Company is seeking a merger with another company.  Management anticipates that it may be able to participate in only one potential merger discussion because the Company has limited financial resources.  As a result, investment in the Company carries substantial risk.


 On November 13, 2012, Corporate Services International, Inc. / Michael Anthony (“Seller”), who was the controlling shareholder of the Company, sold 380,000 shares of common stock, $0.001 par value and 5,000,000 shares of Series B Preferred Stock, $0.001 par value, to Chin Yung Kong (“Purchaser”) for an aggregated price of $170,000.00. The sold 380,000 shares of common stock represented approximately 77% of the total issued and outstanding common stock of the Company and the sold 5,000,000 shares of Series B Preferred Stock represent 100% of the total issued and outstanding preferred stock of the Company.  As result of this share purchase transaction, Chin Yung Kong became the controlling shareholder of the Company.  Chin Yung Kong used personal funds for the transaction.  

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Note 6: Related Party Transactions not Disclosed Elsewhere (Details Narrative) (USD $)
12 Months Ended
Apr. 30, 2012
Related Party Transactions [Abstract]  
Officers compensation, monthly $ 1,800
Officers compensation 21,600
Rent, monthly 200
Rent 2,400
Donated revenues $ 24,000
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Note 2: Significant Accounting Policies (Policies)
12 Months Ended
Apr. 30, 2013
Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation: The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (”GAAP”).

Revenues

Revenues: The sole owner of The Company recorded $24,000 as FMV of his compensation and rent.  These funds were recorded as an expense on the prior financial statements submitted to the SEC.  The prior financial statements recorded these transactions from May 2007 through April 30, 2012 as expenses and contribution to paid-in-capital.  According to ASC 958-605-25-2 such nonreciprocal transactions are recognized as revenue in the period the contribution is received. This departure from GAAP on the prior financial statements has been corrected on the restated financial statements.  There was no provision for the FMV of the officer services in the statement of revenues and expenses for the fiscal year ended April 30, 2013.

Ues of Estimates

Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates.

Cash and Cash Equivalents

Cash and Cash EquivalentsFor financial statement presentation purposes, the Company considers those short-term, highly liquid investments with original maturities of three months or less to be cash or cash equivalents.  There was no cash in the bank At April 30, 2013 and only $161 at April 30, 2012.  There were no cash equivalents.  The Company’s checking was clopped in December, 2012 and the new majority shareholder, Chin Yung Kong has used his personal funds to pay the Company liabilities.  At the date of this report there was still no operating checking account.

Receivable - Other

Receivable – Other:  On November 8, 2012 Michael Anthony stated that Lightman Grant, Inc. did not have any liability owing to any vendor.  During the course of the audit it was determined that there was $13,739 due to vendors.  The financial statements reflect this liability in accounts payable, offset by a receivable amount due from Michael Anthony.

Property and Equipment

Property and Equipment The Company does not have any property and equipment at both April 30, 2013 and 2012.

Valuation of Long-Live Assets

Valuation of Long-Lived Assets: The Company does not have any long lived assets, including Goodwill on April 30, 2013 and 2012.

Stock Based Compensation

Stock Based Compensation: The Company does not have any stock based Compensation or pension plan.

Accounting for Obligations and Instruments Potentially to Be Settled in the Companys Own Stock

Accounting for Obligations and Instruments Potentially to Be Settled in the Company’s Own Stock: There are no reportable transactions.

Fair Value of Financial Instruments

Fair Value of Financial Instruments: There are no financial instruments to be disclosed under FASB ASC 825.

Earnings per Common Share

Earnings per Common Share: We compute net income (loss) per share in accordance with ASC 260, Earning per Share. ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed

Income Taxes

Income Taxes: We have adopted ASC 740, Accounting for Income Taxes. Pursuant to ASC 740, we are required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.

 

We must make certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments occur in the calculation of certain tax assets and liabilities, which arise from differences in the timing of recognition of revenue and expense for tax and financial statement purposes.

 

Deferred tax assets and liabilities are determined based on the differences between financial reporting and the tax basis of assets and liabilities using the tax rates and laws in effect when the differences are expected to reverse. ASC 740 provides for the recognition of deferred tax assets if realization of such assets is more likely than not to occur. Realization of our net deferred tax assets is dependent upon our generating sufficient taxable income in future years in appropriate tax jurisdictions to realize benefit from the reversal of temporary differences and from net operating loss, or NOL, carry forwards. We have determined it more likely than not that these timing differences will not materialize and have provided a valuation allowance against substantially our entire net deferred tax asset. Management will continue to evaluate the quality of the deferred tax asset and its related valuation allowance. If our assessment of the deferred tax assets or the corresponding valuation allowance were to change, we would record the related adjustment to income during the period in which we make the determination. Our tax rate may also vary based on our results and the mix of income or loss in domestic and foreign tax jurisdictions in which we operate.

  

In addition, the calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax regulations. We recognize liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on our estimate of whether, and to the extent to which, additional taxes will be due. If we ultimately determine that payment of these amounts is unnecessary, we will reverse the liability and recognize a tax benefit during the period in which we determine that the liability is no longer necessary. We will record an additional charge in our provision for taxes in the period in which we determine that the recorded tax liability is less than we expect the ultimate assessment to be.

 

ASC 740 which requires recognition of estimated income taxes payable or refundable on income tax returns for the current year and for the estimated future tax effect attributable to temporary differences and carry-forwards. Measurement of deferred income tax is based on enacted tax laws including tax rates, with the measurement of deferred income tax assets being reduced by available tax benefits not expected to be realized.

Uncertain Tax Positions

Uncertain Tax Positions

 

The Financial Accounting Standards Board issued Interpretation No. 48, “Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109, Accounting for Income Taxes” (“FIN No. 48”) which was effective for the Company on January 1, 2007. FIN No. 48 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under FIN No. 48, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. FIN No. 48 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and disclosure requirements.

 

Our federal and state income tax returns are open for fiscal years ending on or after April 30, 2007. We are not under examination by any jurisdiction for any tax year. At April 30, 2013 we had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under FIN 48.

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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false013false 2us-gaap_IncomeTaxPolicyTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0px"><i><u>Income Taxes:</u>&#160;</i>We have adopted ASC 740,&#160;<i>Accounting for Income Taxes.&#160;</i>Pursuant to ASC 740, we are required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.</p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px">We must make certain estimates and judgments in determining income tax expense for financial statement purposes. 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We have determined it more likely than not that these timing differences will not materialize and have provided a valuation allowance against substantially our entire net deferred tax asset. Management will continue to evaluate the quality of the deferred tax asset and its related valuation allowance. If our assessment of the deferred tax assets or the corresponding valuation allowance were to change, we would record the related adjustment to income during the period in which we make the determination. Our tax rate may also vary based on our results and the mix of income or loss in domestic and foreign tax jurisdictions in which we operate.</p> <p style="margin: 0px">&#160;&#160;</p> <p style="margin: 0px">In addition, the calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax regulations. 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false014false 2us-gaap_IncomeTaxUncertaintiesPolicyus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0px"><i><u>Uncertain Tax Positions</u></i></p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px">The Financial Accounting Standards Board issued Interpretation No. 48, &#147;Accounting for Uncertainty in Income Taxes &#150; an interpretation of FASB Statement No. 109, Accounting for Income Taxes&#148; (&#147;FIN No. 48&#148;) which was effective for the Company on January 1, 2007. FIN No. 48 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under FIN No. 48, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. FIN No. 48 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and disclosure requirements.</p> <p style="margin: 0px">&#160;</p> <p style="margin: 0px">Our federal and state income tax returns are open for fiscal years ending on or after April 30, 2007.&#160;We are not under examination by any jurisdiction for any tax year. 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Document Type 10-K    
Document Period End Date Apr. 30, 2013    
Amendment Flag false    
Entity Central Index Key 0001489644    
Current Fiscal Year End Date --04-30    
Entity Common Stock, Shares Outstanding   494,448  
Entity Public Float     $ 5,722
Entity Filer Category Smaller Reporting Company    
Entity Current Reporting Status No    
Entity Voluntary Filers Yes    
Entity Well-known Seasoned Issuer Yes    
Document Fiscal Year Focus 2013    
Document Fiscal Period Focus FY    
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