Delaware | 27-2447291 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) |
Page | ||
PART I – FINANCIAL INFORMATION: | ||
Item 1. | Financial Statements: | |
Report of Independent Registered Public Accounting Firm | 1-2 | |
Balance Sheets as of December 31, 2011 (Unaudited) and March 31, 2011 | 3 | |
Statements of Operations (Unaudited) for the Three and Nine Months Ended December 31, 2011 and December 31, 2010 and from January 4, 2010 (Inception) to December 31, 2011 | 4 | |
Statement of Changes in Stockholder’s Equity for the Nine Months Ended December 31, 2011 and from January 4, 2010 (Inception) to December 31, 2011 | 5 | |
Statements of Cash Flows (Unaudited) for the Nine Months Ended December 31, 2011 and December 31, 2010 and from January 4, 2010 (Inception) to December 31, 2011 | 6 | |
Notes to Financial Statements | 7 | |
Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 11 |
Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 14 |
Item 4. | Controls and Procedures | 14 |
PART II – OTHER INFORMATION: | ||
Item 1. | Legal Proceedings | 15 |
Item 1A. | Risk Factors | 15 |
Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 15 |
Item 3. | Defaults Upon Senior Securities | 15 |
Item 4. | Removed and Reserved | 15 |
Item 5. | Other Information | 15 |
Item 6. | Exhibits | 15 |
Signatures | 16 | |
WAGNER & ZWERMAN LLP
Certified Public Accountants
|
Mark Wagner, CPA
Andrew M. Zwerman, CPA
Vincent J. Preto, CPA
450 Wireless Boulevard, Hauppauge, NY 11788
(631) 777-1000 Fax (631) 777-1008
Email: staff@wzcpafirm.com
|
/s/ WAGNER & ZWERMAN LLP
WAGNER & ZWERMAN LLP
Certified Public Accountants
Hauppauge, NY
January 24, 2012
|
PINSTRIPESNYS, INC.
|
||||||||
(A DEVELOPMENT STAGE COMPANY)
|
||||||||
BALANCE SHEETS
|
||||||||
December 31, 2011
|
||||||||
(Unaudited)
|
March 31, 2011
|
|||||||
ASSETS
|
||||||||
CURRENT ASSETS
|
||||||||
Cash
|
$ | 1,276 | $ | 5,855 | ||||
Prepaid expenses
|
- | 3,500 | ||||||
Total current assets
|
1,276 | 9,355 | ||||||
TOTAL ASSETS
|
$ | 1,276 | $ | 9,355 | ||||
LIABILITIES AND STOCKHOLDER'S (DEFICIENCY) EQUITY
|
||||||||
CURRENT LIABILITIES
|
||||||||
Accounts payable and accrued expenses
|
$ | 4,500 | $ | 2,000 | ||||
Total current liabilities
|
4,500 | 2,000 | ||||||
TOTAL LIABILITIES
|
4,500 | 2,000 | ||||||
STOCKHOLDER'S (DEFICIENCY) EQUITY
|
||||||||
Preferred stock, $0.0001 par value, 10,000,000 shares
|
||||||||
authorized, none issued and outstanding
|
- | - | ||||||
Common stock, $0.0001 par value, 100,000,000 shares
|
||||||||
authorized, 5,000,000 issued and outstanding
|
500 | 500 | ||||||
Additional paid-in capital
|
52,000 | 44,500 | ||||||
Deficit accumulated during development stage
|
(55,724 | ) | (37,645 | ) | ||||
Total stockholder's (deficiency) equity
|
(3,224 | ) | 7,355 | |||||
TOTAL LIABILITIES AND STOCKHOLDER'S (DEFICIENCY) EQUITY
|
$ | 1,276 | $ | 9,355 |
PINSTRIPESNYS, INC.
|
||||||||||||||||||||
(A DEVELOPMENT STAGE COMPANY)
|
||||||||||||||||||||
STATEMENTS OF OPERATIONS
|
||||||||||||||||||||
FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 2011 AND 2010
|
||||||||||||||||||||
AND FROM JANUARY 4, 2010 (INCEPTION) TO DECEMBER 31, 2011
|
||||||||||||||||||||
(Unaudited)
Three Months Ended
December 31,
|
(Unaudited)
Nine Months Ended
December 31,
|
(Unaudited)
From Inception to
December 31,
|
||||||||||||||||||
2011
|
2010
|
2011
|
2010
|
2011
|
||||||||||||||||
Revenues
|
$ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
General and administrative expenses
|
3,021 | 19,938 | 18,079 | 37,942 | 55,724 | |||||||||||||||
Net (loss) before income taxes
|
(3,021 | ) | (19,938 | ) | (18,079 | ) | (37,942 | ) | (55,724 | ) | ||||||||||
Provision for income taxes:
|
||||||||||||||||||||
Federal
|
- | - | - | - | - | |||||||||||||||
State
|
- | - | - | - | - | |||||||||||||||
Net (loss)
|
$ | (3,021 | ) | $ | (19,938 | ) | $ | (18,079 | ) | $ | (37,942 | ) | $ | (55,724 | ) | |||||
Basic net (loss) per common share
|
$ | (0.001 | ) | $ | (0.004 | ) | $ | (0.004 | ) | $ | (0.009 | ) | $ | (0.013 | ) | |||||
Weighted average number of
|
||||||||||||||||||||
common shares outstanding
|
5,000,000 | 5,000,000 | 5,000,000 | 4,444,444 | 4,166,667 |
PINSTRIPESNYS, INC.
|
||||||||||||||||||||||||||||
(A DEVELOPMENT STAGE COMPANY)
|
||||||||||||||||||||||||||||
STATEMENTS OF CHANGES IN STOCKHOLDER'S (DEFICIENCY) EQUITY
|
||||||||||||||||||||||||||||
FROM JANUARY 4, 2010 (INCEPTION) TO DECEMBER 31, 2011
|
||||||||||||||||||||||||||||
Deficit
|
||||||||||||||||||||||||||||
Accumulated
|
Total
|
|||||||||||||||||||||||||||
Additional
|
During
|
Stockholder's
|
||||||||||||||||||||||||||
Preferred Stock
|
Common Stock
|
Paid-in
|
Development
|
(Deficiency)
|
||||||||||||||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
Capital
|
Stage
|
Equity
|
||||||||||||||||||||||
Balance - January 4, 2010 (Inception)
|
- | $ | - | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||
Net (loss)
|
- | - | - | - | - | - | - | |||||||||||||||||||||
Balance - March 31, 2010
|
- | $ | - | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||
Issuance of 5,000,000 shares of
|
||||||||||||||||||||||||||||
common stock on April 30, 2010
|
||||||||||||||||||||||||||||
for $0.005 cash per share
|
- | - | 5,000,000 | 500 | 24,500 | - | 25,000 | |||||||||||||||||||||
Additional capital provided
|
||||||||||||||||||||||||||||
by stockholder on October 11, 2010
|
||||||||||||||||||||||||||||
(no shares issued)
|
- | - | - | - | 20,000 | - | 20,000 | |||||||||||||||||||||
Net (loss)
|
- | - | - | - | - | (37,645 | ) | (37,645 | ) | |||||||||||||||||||
Balance - March 31, 2011
|
- | $ | - | 5,000,000 | $ | 500 | $ | 44,500 | $ | (37,645 | ) | $ | 7,355 | |||||||||||||||
Additional capital provided
|
||||||||||||||||||||||||||||
by stockholder on August 9, 2011
|
||||||||||||||||||||||||||||
(no shares issued)
|
- | - | - | - | 7,500 | - | 7,500 | |||||||||||||||||||||
Net (loss)
|
- | - | - | - | - | (18,079 | ) | (18,079 | ) | |||||||||||||||||||
Balance - December 31, 2011 (Unaudited)
|
- | $ | - | 5,000,000 | $ | 500 | $ | 52,000 | $ | (55,724 | ) | $ | (3,224 | ) |
PINSTRIPESNYS, INC.
|
||||||||||||
(A DEVELOPMENT STAGE COMPANY)
|
||||||||||||
STATEMENTS OF CASH FLOWS
|
||||||||||||
FOR THE NINE MONTHS ENDED DECEMBER 31, 2011 AND 2010
|
||||||||||||
AND FROM JANUARY 4, 2010 (INCEPTION) TO DECEMBER 31, 2011
|
||||||||||||
(Unaudited)
Nine Months Ended
December 31,
|
(Unaudited)
From Inception to December 31,
2011
|
|||||||||||
2011
|
2010
|
|||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES
|
||||||||||||
Net (loss)
|
$ | (18,079 | ) | $ | (37,942 | ) | $ | (55,724 | ) | |||
Adjustments to reconcile net (loss) to net cash (used in) operating activities:
|
||||||||||||
Decrease (increase) in prepaid expenses
|
3,500 | (5,000 | ) | - | ||||||||
Increase in accounts payable and accrued expenses
|
2,500 | 10,000 | 4,500 | |||||||||
Net cash (used in) operating activities
|
(12,079 | ) | (32,942 | ) | (51,224 | ) | ||||||
CASH FLOWS FROM FINANCING ACTIVITIES
|
||||||||||||
Proceeds from the issuance of common stock
|
- | 25,000 | 25,000 | |||||||||
Additional capital provided by stockholder
|
7,500 | 20,000 | 27,500 | |||||||||
Net cash provided by financing activities
|
7,500 | 45,000 | 52,500 | |||||||||
Net (decrease) increase in cash
|
(4,579 | ) | 12,058 | 1,276 | ||||||||
Cash, at beginning of period
|
5,855 | - | - | |||||||||
Cash, at end of period
|
$ | 1,276 | $ | 12,058 | $ | 1,276 | ||||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
|
||||||||||||
Interest paid
|
$ | - | $ | - | $ | - | ||||||
Taxes paid
|
$ | - | $ | - | $ | - |
Nine Months Ended
December 31, 2011
|
Nine Months Ended
December 31, 2010
|
For the period from
January 4, 2010
(Inception) to
December 31, 2011
|
||||||||||
Net Cash (Used in) Operating Activities
|
$ | (12,079 | ) | $ | (32,942 | ) | $ | (51,224 | ) | |||
Net Cash (Used in) Investing Activities
|
$ | - | $ | - | $ | - | ||||||
Net Cash Provided by Financing Activities
|
$ | 7,500 | $ | 45,000 | $ | 52,500 | ||||||
Net (Decrease) Increase in Cash
|
$ | (4,579 | ) | $ | 12,058 | $ | 1,276 |
Exhibit No.
|
Description
|
|
*3.1
|
Certificate of Incorporation, as filed with the Delaware Secretary of State on January 4, 2010.
|
|
*3.2
|
By-laws.
|
|
31.1
|
Certification of the Company’s Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2011.
|
|
31.2
|
Certification of the Company’s Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2011.
|
|
32.1
|
Certification of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
|
32.2
|
Certification of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted 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 Extension Presentation Linkbase
|
*
|
Filed as an exhibit to the Company's Registration Statement on Form 10, as filed with the SEC on August 11, 2010, and incorporated herein by this reference.
|
PINSTRIPESNYS, INC.
|
||
Dated: February 14, 2012
|
By:
|
/s/ Clifford Teller |
Clifford Teller | ||
President and Director | ||
Principal Executive Officer
Principal Financial Officer
|
Date: February 14, 2012 | /s/ Clifford Teller |
Clifford Teller
Principal Executive Officer
|
Date: February 14, 2012
|
/s/ Clifford Teller
|
Clifford Teller
Principal Financial Officer
|
/s/ Clifford Teller |
Clifford Teller
Principal Executive Officer
February 14, 2012
|
/s/ Clifford Teller |
Clifford Teller
Principal Financial Officer
February 14, 2012
|
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
|
9 Months Ended |
---|---|
Dec. 31, 2011
|
|
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The summary of the major accounting policies is presented to assist the reader in evaluating the financial statements and other data contained herein.
BASIS OF PRESENTATION
The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.
GOING CONCERN AND PLAN OF OPERATIONS
The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is in the development stage, has very little working capital, has incurred an aggregate net loss of $55,724, and has a total stockholder’s deficit of $3,224 at December 31, 2011. These conditions raise substantial doubt about its ability to continue as a going concern.
The Company’s ability to continue as a going concern is dependent upon its ability to develop additional sources of capital, locate and complete a merger with another company, and ultimately, achieve profitable operations. The accompanying financial statements do not include any adjustments that might result from the outcome of these uncertainties.
USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates and assumptions.
CASH AND CASH EQUIVALENTS
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
INCOME TAXES
The Company accounts for income taxes under the asset and liability method in accordance with FASB ASC 740, Accounting for Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
Accounting principles generally accepted in the United States of America require Company management to evaluate tax positions taken by the Company and recognize a tax liability or asset if the Company has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Company has concluded that as of March 31, 2011
and December 31, 2011, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or asset or disclosure in the financial statements. The Company is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Company management believes that the Company’s income tax returns for the years 2010 and 2011 remain subject to examination based on the normal statutory periods subject to audits, notwithstanding any events or circumstances that may exist which could expand the open period.
BASIC NET LOSS PER COMMON SHARE
Basic loss per common share is computed based upon the weighted average number of common shares outstanding during the period.
SUBSEQUENT EVENTS
The Company has evaluated events and transactions that occurred through January 24, 2012 which is the date the financial statements were available to be issued, for possible disclosure and recognition in the financial statements and has determined no additional disclosures were required.
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
The Company has adopted all applicable recently issued accounting pronouncements. The adoption of the accounting pronouncements, including those not yet effective, is not anticipated to have a material effect on the financial position or results of operations of the Company. |
HISTORY
|
9 Months Ended |
---|---|
Dec. 31, 2011
|
|
History [Abstract] | |
Nature of Operations [Text Block] | NOTE 1: HISTORY
PinstripesNYS, Inc. (the Company), a development stage company, was incorporated under the laws of the State of Delaware on January 4, 2010. The Company is in the development stage as defined in Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) 915, Development Stage Enterprises. The Company has selected March 31st as its fiscal year end. The Company is currently devoting its efforts to locating merger candidates. |
BALANCE SHEETS (USD $)
|
Dec. 31, 2011
|
Mar. 31, 2011
|
---|---|---|
CURRENT ASSETS | ||
Cash | $ 1,276 | $ 5,855 |
Prepaid expenses | 0 | 3,500 |
Total current assets | 1,276 | 9,355 |
TOTAL ASSETS | 1,276 | 9,355 |
CURRENT LIABILITIES | ||
Accounts payable and accrued expenses | 4,500 | 2,000 |
Total current liabilities | 4,500 | 2,000 |
TOTAL LIABILITIES | 4,500 | 2,000 |
STOCKHOLDER'S (DEFICIENCY) EQUITY | ||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding | 0 | 0 |
Common stock, $0.0001 par value, 100,000,000 shares authorized, 5,000,000 issued and outstanding | 500 | 500 |
Additional paid-in capital | 52,000 | 44,500 |
Deficit accumulated during development stage | (55,724) | (37,645) |
Total stockholder's (deficiency) equity | (3,224) | 7,355 |
TOTAL LIABILITIES AND STOCKHOLDER'S (DEFICIENCY) EQUITY | $ 1,276 | $ 9,355 |
STATEMENTS OF CHANGES IN STOCKHOLDERS' (DEFICIENCY) EQUITY PARENTHETICAL (USD $)
|
12 Months Ended |
---|---|
Mar. 31, 2011
|
|
Common stock fair market value | $ 0.005 |
Common stock issued | 5,000,000 |
"+ text.join( "
\n" ) +"
" + text[p] + "
\n"; } } }else{ formatted = '' + raw + '
'; } html = ''+ "\n"+''+ "\n"+''+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+' | '+ "\n"+'
'+ "\n"+' | '+ "\n"+' '+ "\n"+'
'+ "\n"+' | '+ "\n"+' '+ "\n"+'
STATEMENTS OF CASH FLOWS (USD $)
|
9 Months Ended | 24 Months Ended | |
---|---|---|---|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2011
|
|
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Net (loss) | $ (18,079) | $ (37,942) | $ (55,724) |
Adjustments to reconcile net (loss) to net cash (used in) operating activities: | |||
Decrease (increase) in prepaid expenses | 3,500 | (5,000) | 0 |
Increase in accounts payable and accrued expenses | 2,500 | 10,000 | 4,500 |
Net cash (used in) operating activities | (12,079) | (32,942) | (51,224) |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Proceeds from the issuance of common stock | 0 | 25,000 | 25,000 |
Additional capital provided by stockholder | 7,500 | 20,000 | 27,500 |
Net cash provided by financing activities | 7,500 | 45,000 | 52,500 |
Net (decrease) increase in cash | (4,579) | 12,058 | 1,276 |
Cash, at beginning of period | 5,855 | 0 | 0 |
Cash, at end of period | 1,276 | 12,058 | 1,276 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
Interest paid | 0 | 0 | 0 |
Taxes paid | $ 0 | $ 0 | $ 0 |
BALANCE SHEETS PARENTHETICALS (USD $)
|
Dec. 31, 2011
|
Mar. 31, 2011
|
---|---|---|
Statement Of Financial Position [Abstract] | ||
Preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, Shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock, Shares authorized | 100,000,000 | 100,000,000 |
Common stock, Shares issued | 5,000,000 | 5,000,000 |
Common stock, Shares Outstanding | 5,000,000 | 5,000,000 |
DOCUMENT AND ENTITY INFORMATION
|
9 Months Ended | |
---|---|---|
Dec. 31, 2011
|
Feb. 14, 2012
|
|
Document and Entity Information [Abstract] | ||
Entity Registrant Name | PinstripesNYS, Inc. | |
Entity Central Index Key | 0001498233 | |
Entity Current Reporting Status | Yes | |
Current Fiscal Year End Date | --03-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 5,000,000 | |
Document Type | 10-Q | |
Document Period End Date | Dec. 31, 2011 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2012 | |
Document Fiscal Period Focus | Q3 |
STATEMENTS OF OPERATIONS (USD $)
|
3 Months Ended | 9 Months Ended | 24 Months Ended | ||
---|---|---|---|---|---|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2011
|
|
Revenues | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
General and administrative expenses | 3,021 | 19,938 | 18,079 | 37,942 | 55,724 |
Net (loss) before income taxes | (3,021) | (19,938) | (18,079) | (37,942) | (55,724) |
Provision for income taxes: | |||||
Federal | 0 | 0 | 0 | 0 | 0 |
State | 0 | 0 | 0 | 0 | 0 |
Net (loss) | $ (3,021) | $ (19,938) | $ (18,079) | $ (37,942) | $ (55,724) |
Basic net (loss) per common share | $ (0.001) | $ (0.004) | $ (0.004) | $ (0.009) | $ (0.013) |
Weighted average number of common shares outstanding | 5,000,000 | 5,000,000 | 5,000,000 | 4,444,444 | 4,166,667 |
INCOME TAXES
|
9 Months Ended |
---|---|
Dec. 31, 2011
|
|
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | NOTE 5: INCOME TAXES
No provision or benefit for Federal or state income taxes has been included in the financial statements because the Company has sustained cumulative losses since inception and has available to it net operating loss carryforwards to offset future taxable income. Such net operating loss carryforwards have been recorded as deferred tax assets amounting to $22,300 at December 31, 2011 and $15,100 at March 31, 2011; however, the Company has recorded a 100% valuation allowance to offset any benefit associated with these carryforwards. Management feels that it is more likely than not that the Company will not realize the tax benefits associated with these carryforwards. There are no other differences between the book and tax bases of assets or liabilities which would give rise to deferred tax assets or liabilities, nor are there any other differences between book and taxable income. |
RELATED PARTY TRANSACTIONS
|
9 Months Ended |
---|---|
Dec. 31, 2011
|
|
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | NOTE 4: RELATED PARTY TRANSACTIONS
Office space is provided by Maxim Group LLC. The majority member of Maxim Group LLC is the sole member of the stockholder of the Company. The Company’s Secretary is also the Chief Financial Officer of Maxim Group LLC. The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities that become available. Such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts. |
COMMITMENTS AND CONTINGENCIES
|
9 Months Ended |
---|---|
Dec. 31, 2011
|
|
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 6: COMMITMENTS AND CONTINGENCIES
The Company has engaged the services of a law firm to facilitate a private placement offering of common stock to accredited investors. The Company and the law firm have agreed to a flat fee of $8,333, of which $4,166 has been paid to date. As of the date of these financial statements, no placement has occurred. |
STATEMENTS OF CHANGES IN STOCKHOLDERS' (DEFICIENCY) EQUITY (USD $)
|
Preferred Stock
|
Common Stock
|
Additional Paid-In Capital
|
Retained Earnings
|
Total
|
---|---|---|---|---|---|
Balance at Jan. 04, 2010 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Net (loss) | 0 | 0 | 0 | 0 | 0 |
Balance at Mar. 31, 2010 | 0 | 0 | 0 | 0 | 0 |
Issuance of 5,000,000 shares of common stock on April 30, 2010 for $0.005 cash per share | 0 | 500 | 24,500 | 0 | 25,000 |
Issuance of 5,000,000 shares of common stock on April 30, 2010 for $0.005 cash per share (Shares) | 0 | 5,000,000 | 0 | 0 | 0 |
Additional capital provided by stockholder (no shares issued) | 0 | 0 | 20,000 | 0 | 20,000 |
Net (loss) | 0 | 0 | 0 | (37,645) | (37,645) |
Balance at Mar. 31, 2011 | 0 | 500 | 44,500 | (37,645) | 7,355 |
Balance (Shares) at Mar. 31, 2011 | 0 | 5,000,000 | 0 | 0 | 0 |
Additional capital provided by stockholder (no shares issued) | 0 | 0 | 7,500 | 0 | 7,500 |
Net (loss) | 0 | 0 | 0 | (18,079) | (18,079) |
Balance at Dec. 31, 2011 | $ 0 | $ 500 | $ 52,000 | $ (55,724) | $ (3,224) |
Balance (Shares) at Dec. 31, 2011 | 0 | 5,000,000 | 0 | 0 | 0 |
COMMON AND PREFERRED STOCK
|
9 Months Ended |
---|---|
Dec. 31, 2011
|
|
Common and Preferred Stock [Abstract] | |
Common and Preferred Stock [Text Block] | NOTE 3: COMMON AND PREFERRED STOCK
COMMON STOCK
The Company is authorized to issue 100,000,000 shares of common stock at a par value of $0.0001 per share. Holders of shares of Common Stock shall be entitled to cast one vote for each share held at all stockholder’s meetings for all purposes, including the election of directors. The Common Stock does not have cumulative voting rights. On April 30, 2010, the Company issued 5,000,000 shares for $25,000.
PREFERRED STOCK
The Company is authorized to issue 10,000,000 shares of preferred stock at a par value of $0.0001 per share. The Preferred Stock of the Corporation shall be issued by the Board of Directors of the Corporation in one or more classes or one or more series within any class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations, preferences, limitations or restrictions as the Board of Directors of the Corporation may determine, from time to time. |
RR!3)TMG-'>E_"UI*E]*B="B9`Y
M@M"[8P;X<^38;X\3GLUKQP:+V*!NFAS5-+5N*3=;=H.ZW*/6FV*)A7/ HFTX->&\++
MJL%JL2*<%T$X L2V@@?P!5*ST29EJ6FE!->(9:A-@U2Q2/T-'`W"S*FRZU%.,=[#
M4(ZN!%/PSN0\=_PS#91=>LKJS4O/[`,I1E0;PZ>>XKT2%1TWYUIZRHKGN$-L
MAENAMJAB*H\N4KK@FK2#"D:)YA;S$-HN[2@UB[/BT&?*GS_3%H]7F';1\\PK
MCON@EL7_-K#+TB+[;#2M5AYE3C-OLG69F*D>=ZD$1^\UI\57^>5S6GS+@CT=
MNU\C`SK#E*(>MXL7!9A/H\S,QVT'>XRL$ZM=%BG^]G&?=J6LH-P=COA]XJLJ
M52R%6,4E$'-.OOSL\?4W'=-;J@S6-XY=MH)5O%J,2YWGO:B=<,ZWX,FAGT_M
MP^KO.5:WZ'[KL.JV=9$2JIL#X(8344^IP/R.!^W^^DI">M'+XJUB1*6`MZ46
M9FE8Q1+YL]AF6`ZO2L#-?F4CB_&$X-RF7F5_&U%Z'MS^@Y\!2&H.3];+3MI8
MN],R18=-.:-,6>&T#Z2;`;6+LE5,E.64]Q-$?*NR!Z73_W_SB__\`%!+`P04
M````"`#G,TY`^1*(0>()``#]F0``%0`<`'!N>7,M,C`Q,3$R,S%?9&5F+GAM
M;%54"0`#`48Z3P%&.D]U>`L``00E#@``!#D!``#M7=]SZK82?K\S_1\RG&="
MG/2T/9FF'0Y)[C"3DS!)SFW?/,)>0*V1J"23Y+^_DFT2P+]DL)'H^"D$)/G;
M_:35:K62?_W]=1Z<+(%Q3,E5QSD]ZYP`\:B/R?2J\_WYMOM+Y^3WWW[XSZ\!
M)G^/$8<368'PJ\Y,B,5EK_?R\G+Z.F;!*673WOG9V45O5;`3E[Q\Y7BC],O%
MJJS3^_/;W9,W@SGJ8L(%(MY'+=5,5CWGRY6,JWJ[.6*BZ`5BE>6J&:M:&5=S%51FR/8
ME]P&!BA6<1_%&2X]Y+7AFV6U7P3=K-<,U`I`.?DKL#H3.>LHY.:)5%^@38:]
M1IR7.D]1<_YB.&=DCC3?=IZ/M6N/9>SBS*`4\G+TD#VU/*?L$NM`CS^5%X!*
MPB1ZO6(T:U[$CMAD@R4MT)CL4\\78$.G!\33W;3T@^6=F_R!2&]LL<][^%*)
M6GQ@GQ&,XWE_?$[40VZ;L&AGI.)ZY\3DTK7H^(ST+,#OG(RH&'"[9+%^^$;P
M1EG'ZT]\/`.T=P?<`EA#<9B-L6M]DYP<92GXZX!0\]/@)=9;-'`J:%VD&K
MY'^Q,U)58-2#1Z:A]!S+3`E&30FH[VABG<'2F$RH-C5`^Z;;)-6S'^C(/?_O
MZH?*^?2WGUJ=[LW=-P111A@AO/@?0%/\_?OO"B&PGM04F>(AO-@2JC$3[HHC
M__"&++RF[I_[A(*P3*XJ!-CZ_D35ND\>J03PL)HN+B@S]7(2',&BCY(X??6[
MRGOA'Q<,'N.]OXY-_DUMGXHQ.=HG:$$.DM:\.T6%<`2EAGN.$*!ALCXFS_"=
MP/:!TQ5$N%@+U,'J&RI,2;XZ\".YJ>&8O,\-Q9OD'QJ/C[5:Y?RRWOE*ZIW&
MY%'U_)_DM'J\3V:71=,9?X>5`3^,&Y$U#Y9*T3YR`R31UU(V[?#62!EC[*6D
M&<+\);.8@4L`:L\8DL-J.G[1''%2^?LY>6#"@[E;(1,KWO4<5Z,KO1A.2'+N
M2=)7E\^1,:.",-M,LXJ&/O]LC7$A';4".!+K]QT!/SV'@&2H@).,F!A@;A4+
MITS@(7DP5^(C'M$SE1S;*(:YJ36VO2D+W#JP3N`B=6'*7ZVT4>%.B2]0XK5$
M)=ZYO[ZNWWTC-Y>DT_JQW;IL->KM+JDW&C?W[6ZK_2.YO;EJ-5K-SD[/%ZCG
M40*E/QJAO@UT\HC^X0A"IUK0#60`1=0%OP>F`MH$I)%*R:6G.H&GB/H=="P#
M9]+70HH-_8G*E>$>AR0@M<11FR,@NU2)E-K@(/"(<7N^++_25:V=/%_66O7@
MPSI7-K>P?JUW6AV4Q]N[9J?9[M:[K9OV1H7OY8F(XH&2H$P4LG0B.P_I`R,]
MQFP4#Q>\&.5L8#]A8B*-/')O&),H"!D,[EJ`P4!?!@@V#]J9Z^F^*#GW$)O`
M7\I%4@Y3'8P>F*>==&R#=/QX@S:I<=-N-._:I-Z^(+=7]3:*R\UM\T[)RF8M
MU
V#M3!:M16TLE^M*"3E3G1>P0_W?-_40@M7\(R
MB]';S.UK.-LOG<':YOBU.7YMCE^;XW<4^6-MCI_]'+4Y?H?@#`7`'^4*A81P
M#X5>_&;)X\GRRP!N4;CFOT"`H4!MM/ESJ4CE+"I_*DG9*2"DI*;9U+\J!&D(
M8E$<)O9\[RCGMU+J@?1D,`GERNM!3LS165O^%2:4)<>?GM$K\&^84!8MY))5
M(/$W6XG=_&\@9E3^LI1%HI-(!>0?$(79K,0J'>G`2K$HAO,N43)FOLHA-<$Z
M6W4E-