0001503538
2012-10-01
2013-03-31
0001503538
2013-05-17
0001503538
2013-03-31
0001503538
2012-09-30
0001503538
2013-01-01
2013-03-31
0001503538
2012-01-01
2012-03-31
0001503538
2011-10-01
2012-03-31
0001503538
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2013-03-31
0001503538
2011-09-30
0001503538
2012-03-31
0001503538
2010-04-25
iso4217:USD
xbrli:shares
iso4217:USD
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IPOWorld
0001503538
10-Q
2013-03-31
false
--09-30
No
No
No
Smaller Reporting Company
Q2
2012
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<p style="margin: 0pt"></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">NOTE 1.- FINANCIAL STATEMENTS</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 13, 2013, the Company changed its
name from General Cleaning and Maintenance to IPOWorld. Concurrently, it also increased its authorized shares of common stock from
75,000,000 to 185,000,000 shares of common stock, par value $0.001, and added the authorization for up to 15,000,000 shares of
preferred stock, par value $0.001.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements
have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring
adjustments) necessary to present fairly the financial position, results of operations and cash flows at March 31, 2013 and for
all periods presented have been made.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain information and footnote disclosures
normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States
of America have been condensed or omitted. It is suggested that these consolidated financial statements be read in conjunction
with the financial statements and notes thereto included in the Company's September 30, 2012 audited financial statements filed
therewith along with the Form 10-K Annual Report. Operating results for the six months ended March 31, 2013 are not necessarily
indicative of the results that may be expected for the year ending September 30, 2013. The Company is a development stage company,
as defined in FASB ASC 915 "Development Stage Entities."</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 13, 2013, the Company underwent
a change of control of ownership. Ms. Rocio Corral, sole officer and director of the Company, entered into a Share Purchase Agreement,
whereby she sold 20,000,000 common shares of the Registrant’s 25,000,000 issued and outstanding common shares to Glob AG,
a Swiss company, . Glob AG is beneficially owned by Theo Baldi, a Swiss citizen. Concurrently, with the closing of the Share Purchase
Agreement, Rocio Corral resigned as an officer and director of the Registrant. Prior to her resignation, the Board of Directors
added Theo Baldi as a director of the Registrant. The Board also appointed Theo Baldi as Chairman and CEO.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On or about March 12, 2013, the Company formed
a subsidiary named ZiiPay, Inc. ZiiPay, Inc. was incorporated in the State of Nevada. Ziipay is in the process of licensing technology
that processes credit card payments by way of mobile telephones and other mobile devices or computers. This subsidiary, once up
and operating will have its own management. As of March 31, 2013, ZiiPay Inc. had no operations to report.</p>
<p style="margin: 0pt"> </p>
<p style="margin: 0pt"></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">NOTE 2. - GOING CONCERN</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="margin: 0">These consolidated financial statements have been prepared in accordance with generally accepted accounting
principles applicable to a going concern which contemplates the realization of assets and the satisfaction of liabilities and commitments
in the normal course of business. The Company has an accumulated deficit since inception of $40,075. The Company has not generated
any revenues to date, and its ability to continue as a going concern is contingent upon the successful completion of additional</p>
<p style="margin: 0pt"></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">financing arrangements and its ability to achieve
and maintain profitable operations. Management plans to raise equity capital to finance the operating and capital requirements
of the Company. Amounts raised will be used for further development of the Company's products, to provide financing for marketing
and promotion and for other working capital purposes. While the Company is putting forth its best efforts to achieve the above
plans, there is no assurance that any such activity will generate funds that will be available for operations.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These conditions raise substantial doubt about
the Company's ability to continue as a going concern. These consolidated financial statements do not include any adjustments relating
to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result
from this uncertainty.</p>
<p style="margin: 0pt"> </p>
<p style="margin: 0pt"></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">NOTE 3. - SIGNIFICANT ACCOUNTING POLICIES</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The relevant accounting policies are listed
below.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><u>Basis of Accounting</u></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The basis is United States generally accepted
accounting principles.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Principles of Consolidation</u></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements include
the accounts and operations of IPOWorld and its wholly owned subsidiary, ZiiPay. As of March 31, 2013, ZiiPay Inc. had no operations
to report.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><u>Cash and Cash Equivalents</u></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers all short-term investments
with a maturity of three months or less at the date of purchase to be cash and cash equivalents.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><u>Use of Estimates</u></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In preparing financial statements in conformity
with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported
amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements
and revenues and expenses during the reported period. Actual results could differ from those estimates.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Earnings (Loss) Per Share Calculations</u></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows ASC Topic 260 to account
for the earnings (loss) per share. Basic earnings (loss) per common share (“EPS”) calculations are determined by dividing
net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share
calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents
outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Fair value of financial instruments</u></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fair value estimates discussed herein are based
upon certain market assumptions and pertinent information available to management as of March 2013 and 2012. The respective carrying
value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash,
and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term
in nature and their carrying amounts approximate fair values or they are payable on demand.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 1: The preferred inputs to valuation
efforts are “quoted prices in active markets for identical assets or liabilities,” with the caveat that the reporting
entity must have access to that market. Information at this level is based on direct observations of transactions involving the
same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical
assets, actually trade in active markets.</p>
<p style="margin: 0pt"> </p>
<p style="margin: 0pt"></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Fair value of financial instruments (continued)</u></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Level 2: FASB acknowledged that active markets for identical assets
and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To
deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges
that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as “unobservable,”
and limits their use by saying they “shall be used to measure fair value to the extent that observable inputs are not available.”
This category allows “for situations in which there is little, if any, market activity for the asset or liability at the
measurement date”. Earlier in the standard, FASB explains that “observable inputs” are gathered from sources
other than the reporting company and that they are expected to reflect assumptions made by market participants.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><u>Advertising</u></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Advertising costs are expensed when incurred.
The Company has not incurred any advertising expenses since inception.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><u>Income Taxes</u></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The provision for income taxes is the total
of the current taxes payable and the net of the change in the deferred income taxes. Provision is made for the deferred income
taxes where differences exist between the period in which transactions affect current taxable income and the period in which they
enter into the determination of net income in the financial statements.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><u>Year end</u></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company's fiscal year-end is September
30.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><u>Recent Accounting Pronouncements</u></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company's management has evaluated all
the recently issued accounting pronouncements through the filing date of these financial statements and does not believe that any
of these pronouncements will have a material impact on the Company's financial position and results of operations.</p>
<p style="margin: 0pt"> </p>
<p style="margin: 0pt"></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">NOTE 4. - STOCKHOLDERS' EQUITY</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 13, 2013, the Company increased
its total authorized shares from 75,000,000 to 200,000,000.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is authorized to issue 15,000,000
shares of its $0.001 par value preferred stock. There are currently no preferred shares issued and outstanding.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is authorized to issue 185,000,000
shares of its $0.001 par value common stock.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 26, 2010, the Company's founder purchased
20,000,000 shares of the Company's $0.001 par value common stock in exchange for cash of $20,000.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In December 2010, the Company completed a Regulation
S offering in which it sold 4,000,000 shares of the Company's $0.001 par value common stock in exchange for cash of $4,000.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In October 2011, the Company completed a Regulation
S offering in which it sold 1,000,000 shares of the Company's $0.001 par value common stock in exchange for cash of $10,000.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There have been no other issuances of common
stock.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">On December 13, 2012, a director of the Company, contributed capital
of $4,075 for audit fees.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">On February 4, 2013, a director of the Company, contributed capital
of $2,000 for review fees.</p>
<p style="margin: 0pt"> </p>
<p style="margin: 0pt"></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">NOTE 5. RELATED PARTY TRANSACTIONS</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 26, 2010, the Company's founder purchased
20,000,000 shares of the Company's $0.001 par value common stock in exchange for cash of $20,000.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not lease or rent any property.
Office services are provided without charge by a director. Such costs are immaterial to the financial statements and, accordingly,
have not been reflected therein. The officers and directors of the Company are involved in other business activities and may, in
the future, become involved in other business opportunities. If a specific business opportunity becomes 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.</p>
<p style="margin: 0pt"> </p>
<p style="margin: 0pt"></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">NOTE 6 - SUBSEQUENT EVENTS</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">The Company has evaluated subsequent events from March 31, 2013
through the date the financial statements are issued, and has determined that no such events have occurred.</p>
<p style="margin: 0pt"> </p>