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Common Stock
12 Months Ended
Feb. 29, 2016
Equity [Abstract]  
Common Stock

Note 4. Common Stock

 

As a result of the Reverse Merger, As of January 14, 2016, VinCompass Corp had 400,000,000 and 2,000,000 shares of common stock and preferred stock authorized, respectively, of which 17,500,000 and 1,000,000 were issued and outstanding, respectively. As a result of the Share Exchange Agreement, each outstanding share of VinCompass common stock shall be transferred, conveyed and delivered to VinCompass Corp. in exchange for 26,000000 newly issued shares of common stock of VinCompass Corp.

 

During the year ended February 29, 2016, the Company issue 133,267 shares for settlement of notes payable and accrued interest, totaled $106,614. The fair value of the shares is determined to be $133,267, using $1.00 per share, which is the previous common stock sold for cash price, resulting in a loss of $26,653 reflected in the Statement of Operations.

 

Furthermore, during the year ended February 29, 2016, the Company issued 68,750 shares to third parties for cash investment of $55,000 in the Company. These transactions took place at $0.80

 

During the year ended February 28, 2015, the Company issued 1,457,645 shares for $291,529 cash investment in the Company, of which $25,000 was collected during the year ended February 29, 2016.