Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Jun. 30, 2015 | Aug. 13, 2015 | |
Document And Entity Information | ||
Entity Registrant Name | SmooFi, Inc. | |
Entity Central Index Key | 1,592,603 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2015 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --09-30 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | Yes | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 30,385,800 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2,015 |
Balance Sheets
Balance Sheets - USD ($) | Jun. 30, 2015 | Sep. 30, 2014 |
CURRENT ASSETS | ||
Cash | $ 8,661 | $ 74,787 |
Prepaid expenses | 6,965 | |
Total Current Assets | 15,626 | $ 74,787 |
OTHER ASSETS: | ||
Deposit | 50,000 | |
Intangible asset | 74,495 | $ 74,495 |
TOTAL ASSETS | 140,121 | 149,282 |
CURRENT LIABILITIES: | ||
Accrued expenses | 156,644 | 87,531 |
Note payable and accrued interest payable | 83,428 | 54,653 |
TOTAL LIABILITIES | $ 240,072 | $ 142,184 |
STOCKHOLDERS' EQUITY (DEFICIT): | ||
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none issued or outstanding | ||
Common stock, $0.001 par value; 200,000,000 shares authorized; 30,385,800 shares issued and outstanding | $ 30,386 | $ 30,386 |
Additional paid in capital | 132,439 | 132,439 |
Accumulated deficit | (362,776) | (155,727) |
Common stock to be issued | 100,000 | |
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) | (99,951) | 7,098 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 140,121 | $ 149,282 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2015 | Sep. 30, 2014 |
Balance Sheets Parenthetical | ||
Preferred stock; Par Value | $ 0.001 | $ 0.001 |
Preferred stock; Shares Authorized | 5,000,000 | 5,000,000 |
Preferred stock; Shares Issued | 0 | 0 |
Preferred stock; Shares Outstanding | 0 | 0 |
Common Stock; Par Value | $ 0.001 | $ 0.001 |
Common Stock; Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock; Shares Issued | 30,385,800 | 30,385,800 |
Common Stock; Shares Outstanding | 30,385,800 | 30,385,800 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Statements Of Operations | ||||
Revenue | $ 12,000 | $ 12,000 | ||
Cost of sales | 9,500 | 9,500 | ||
Gross Profit | 2,500 | 2,500 | ||
Operating expense: | ||||
General and administrative expenses | $ (150,911) | (41,689) | $ (203,299) | (122,386) |
Loss from operations | (150,911) | (39,189) | (203,299) | (119,886) |
Interest expense | (763) | (2,969) | (3,750) | (9,304) |
Loss before provision for income tax | $ (151,674) | $ (42,158) | $ (207,049) | $ (129,190) |
Provision for income taxes | ||||
Net loss | $ (151,674) | $ (42,158) | $ (207,049) | $ (129,190) |
Basic and diluted loss per share | $ 0 | $ 0 | $ (0.01) | $ (0.01) |
Weighted average common shares outstanding - basic and diluted | 30,979,207 | 30,061,530 | 30,583,602 | 28,854,843 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
CASH FLOW FROM OPERATING ACTIVITIES: | ||
Net loss | $ (207,049) | $ (129,190) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock issued for services | 100,000 | |
Change in operating assets and liabilities: | ||
Prepaid expenses | (6,965) | |
Accounts payable and accrued expenses | 69,113 | $ 85,481 |
Accrued interest payable | 3,750 | 7,907 |
Net cash used in operating activities | (41,151) | $ (35,802) |
CASH FLOW FROM INVESTING ACTIVITIES: | ||
Deposit on investment | $ (50,000) | |
Purchase of intangibles | $ (1,995) | |
Net cash provided by investing activities | $ (50,000) | (1,995) |
CASH FLOW FROM FINANCING ACTIVITIES: | ||
Proceeds from the issuance of note payable | 50,025 | 200,000 |
Repayment of note payable | $ (25,000) | (150,000) |
Issuance of Common Stock for Cash | 89,325 | |
Net cash provided by financing activities | $ 25,025 | 139,325 |
CHANGE IN CASH | (66,126) | $ 101,528 |
CASH AT BEGINNING OF PERIOD | 74,787 | |
CASH AT END OF PERIOD | $ 8,661 | $ 101,528 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
Cash paid for: Interest | $ 1,430 | |
Cash paid for: Income taxes | ||
Non-cash investing and financing activities: | ||
Intangibles acquired | $ 72,500 |
ORGANIZATION
ORGANIZATION | 9 Months Ended |
Jun. 30, 2015 | |
Notes to Financial Statements | |
1. ORGANIZATION | SmooFi, Inc. (the "Company") was incorporated under the laws of the State of Nevada on October 15, 2013. The Company issued 7,250,000 shares of its common stock to our founder, Derek Cahill, as consideration for the purchase of a business plan along with a website. Online marketplace and community The Company's initially defined business strategy is to acquire and/or develop and market software and services that will significantly enhance the performance and functionality of the Internet services used by individuals and by small to medium sized businesses. The Company's products and services, essentially an online marketplace and community, will use proprietary technology that will enable users to work collaboratively to obtain substantial improvements in performance, reliability and usability. The Company plans to be an online marketplace for services that include service requestors and service providers. Service requestors (people or companies requesting a service) name their own price, date and time for any service. A service requestor can also select qualifying criteria such as number of reviews or review rankings of a service provider. The first service provider who can provide that service, on that date, at that time and meets the service ranking requirements will get the project. No bidding, no waiting a week for an auction to close, no shifting through bidders. The Company's online marketplace and online community will match up daily job or service requests and fill market demand for service requests throughout a particular local community, county or city and will connect local resources with local needs. A goal is to create jobs and provide market value for basic services by aggregating these low cost services within each local market. This will maximize value for either the person or company requesting the service and for the person or company providing the service. In other words, service providers will get the best possible price for their service and the party requesting the service will pay the lowest possible price. As an example, a service requestor may place a listing on the Company's platform with the following requirements: (i) they want their dog walked at 7 p.m. on Saturday October 14 th The Company's platform can be used for numerous types of services including plumbing and electrical work, pet walking, housecleaning, grocery and other delivery services, music or other educational lessons, lawn mowing and moving services. Additionally, the Company will offer an online service community where members can track service provider history, including rankings, reliability, on time, etc. and create an automated service request around this ranking and history. The Company's platform will keep a complete audit trail of current and future service requests, cost and will allow the service requestors to make payment to service providers via credit card or directly from their bank account through third party payment providers such as PayPal. Service providers will receive credit card payments for services and these funds will be automatically transferred into their bank account. Consulting and advisory services tothe cannabis industry Furthermore, in a recent expansion of its business strategy, the Company announced on April 22, 2015 that it intends to expand its platform and services to include consulting and advisory services to licensed medical and recreational marijuana operators, cultivators and retaildispensaries. These services include: · Business planning and product development · Competitive strategy and technology · Local permitting · Sight selection and setup The Company will provide education and training including business process optimization and how to scale growth. The Company also intends to provide operational assistance with cannabis cultivation, offering expertise in modern farming techniques, utilizing new technology and conservation methods to improve quality and yield, waste reduction and maximizing profit. For retail clients, the Company consulting practice will assist with the design of retail locations, staffing, loss prevention techniques, marketing and community outreach. Furthermore, he Company intends to acquire or lease farm land, or otherwise enter into joint venture arrangements, for the purpose of cultivating hemp. The Company is entering into this area of business in order to expand its business, jump start revenue generation and increase resources in order to further grow the Company's initial core business, which is its marketplace platform. As this new strategy is followed, the Company also intends to continue to build out its online marketplace and community to connect local service providers with those seeking a variety of services. The Company will now leverage this technology platform to assist in creating jobs and enable entrepreneurs and service providers to offer cannabis and hemp products and services within local markets. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Jun. 30, 2015 | |
Notes to Financial Statements | |
2. Summary of Significant Accounting Policies | a. Basis of Presentation The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a September 30 fiscal year end. The unaudited interim financial statements have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to such rules and regulations. These condensed financial statements should be read in conjunction with the audited financial statements and notes for the period ended September 30, 2014 included in our Annual Report on Form 10-K. Results of operations for interim periods are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2015. b. Cash Equivalents For purposes of the balance sheet and statement of cash flows, the Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. c. Stock-based Compensation The Company follows ASC 718-10, Stock Compensation d. Use of Estimates and Assumptions Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. The Company has adopted the provisions of ASC 260. e. Loss per Share The basic loss per share is calculated by dividing the Company's net loss available to common shareholders by the weighted average number of common shares during the year. The diluted loss per share is calculated by dividing the Company's net loss available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. f. Fair Value Measurements and Disclosures ASC Topic 820 defines fair value, establishes a framework for measuring fair value, establishes a three-level valuation hierarchy for disclosure of fair value measurement and enhances disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: Level 1 - Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 - Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The Company's adoption of fair value measurements and disclosures did not have a material impact on the financial statements and financial statement disclosures g. Income Taxes Income taxes are provided in accordance with ASC 740, Income Taxes Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. No provision was made for Federal or State income taxes. h. Advertising Advertising will be expensed in the period in which it is incurred. There have been no advertising expenses for the reporting periods presented. i. Intangible Assets Intangible assets with finite lives are amortized over their estimated useful life. The Company monitors conditions related to these assets to determine whether events and circumstances warrant a revision to the remaining amortization period. The Company tests its intangible assets with finite lives for potential impairment whenever management concludes events or changes in circumstances indicate that the carrying amount may not be recoverable. The original estimate of an asset's useful life and the impact of an event or circumstance on either an asset's useful life or carrying value involve significant judgment. j. Revenue Recognition The Company recognizes revenue in accordance with ASC 605, Revenue Recognition. ASC 605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the fee is fixed and determinable; and (4) collectability is reasonably assured. k. Recently Issued Accounting Pronouncements In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted. The Company adopted ASU 2014-10 during the quarter ended June 30, 2014, thereby no longer presenting or disclosing any information required by Topic 915. The Company reviewed all recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC and they did not or are not believed by management to have a material impact on the Company's present or future financial statements. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Jun. 30, 2015 | |
Notes to Financial Statements | |
3. Going Concern | The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern. As reflected in the accompanying financial statements, the Company had a negative working capital of $224,446 and an accumulated deficit of $362,776 at June 30, 2015. While the Company is attempting to generate revenues from services, including consulting services and further developing its marketplace platform, the Company's cash position may not be sufficient to support the Company's daily operations. Management believes that the actions presently being taken to further broaden and implement its business plan and generate additional services, products and revenue provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to realize revenues and in its ability to raise additional funds, there can be no assurances that will ever occur. The Company's ability to continue as a going concern is dependent upon its ability to achieve profitable operations or obtain adequate financing. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |
DEPOSIT ON INVESTMENT
DEPOSIT ON INVESTMENT | 9 Months Ended |
Jun. 30, 2015 | |
Notes to Financial Statements | |
4. DEPOSIT ON INVESTMENT | On June 29, 2015, the Company made a progress payment of $50,000 in connection with a non-binding Letter of Intent to purchase certain farm property in Colorado. The contemplated transaction did not close. The aforementioned $50,000 payment will be returned to the Company. |
CONSULTING AGREEMENT
CONSULTING AGREEMENT | 9 Months Ended |
Jun. 30, 2015 | |
Notes to Financial Statements | |
5. CONSULTING AGREEMENT | On April 1, 2015, the Company entered into a twelve month consulting agreement with an investor relations firm. Per the agreement, the Company will pay the consultant a monthly fee of $8,500 with the payment deferred until the Company closes financing in the amount of $3 million or greater. Additionally, the Company is required to issue the consultant 200,000 shares of common stock on October 1, 2015. On the date of the consulting agreement, April 1, 2015, the shares were valued at $1.00 per share which was the unadjusted share price prior to three-for-one forward stock split. The shares have not been issued as of June 30, 2015. During the three and nine months ended June 30, 2015, the Company recorded share base expense in the amount of $100,000 associated with the common stock vested. |
NOTES PAYABLE
NOTES PAYABLE | 9 Months Ended |
Jun. 30, 2015 | |
Notes to Financial Statements | |
6. Notes Payable | As of June 30, 2015, the Company had two notes payable issued and outstanding with a total principle of $75,025 and accrued interest of $8,403. The first note, with a remaining balance of $25,000, was due on June 30, 2015, has an interest rate of 12%. This note remains unpaid. The second note has a principle amount of $50,025 with an interest rate of 8%. It was issued on June 29, 2015 and due on July 3, 2015. This note also remains unpaid. |
SHARE CAPITAL
SHARE CAPITAL | 9 Months Ended |
Jun. 30, 2015 | |
Notes to Financial Statements | |
7. SHARE CAPITAL | The Company is authorized to issue 200,000,000 shares of common stock and 5,000,000 shares of preferred stock. The Company issued 500,000 shares of its common stock to its president and chief executive officer as founder shares. The Company issued 7,250,000 shares of its common stock to our founder, Derek Cahill, as consideration for the purchase of a business plan along with a website. The acquisition of the business plan and website was valued at $72,500. On October 29, 2013, the Company completed a private placement where it issued 1,800,000 shres of its common stock to accredited investors for $18,000. On April 16, 2014, the Company completed a public offering whereby the Company sold 578,600 shares of its common stock at $0.125 per share for total gross proceeds of $72,325. On April 1, 2015, the Company entered into a twelve month consulting agreement with an investor relations firm. Per the agreement, the Company is required to issue the consultant 200,000 shares of common stock on October 1, 2015. On the date of the consulting agreement, April 1, 2015, the shares were valued at $1.00 per share which was the unadjusted share price prior to a three-for-one forward stock split. During the three and nine months ended June 30, 2015, the Company recorded share base expense in the amount of $100,000 associated with the common stock vested. The unvested amount of $100,000 was recorded under equity shares to be issued. On April 21, 2015, the Board of Directors of the Company approved a three-for-one forward stock split of the Company's common stock. Accordingly, shareholders owning shares of the Company's common stock will receive two additional shares of the Company for each share they own. The Company had 10,128,600 shares issued and outstanding. As a result of the forward stock split, the Company has 30,385,800 shares issued and outstanding. The Company received notification from the Financial Industry Regulatory Authority (FINRA) on May 7, 2015, that it could proceed with the three-for-one forward stock split, Additional funds were reallocated from Additional Paid in Capital to the Common Stock account in an amount equal to the additional par value represented by the additional shares issued under the stock split. All share information presented in these financial statements and accompanying footnotes has been retroactively adjusted to reflect the increased number of shares resulting from this transaction. At June 30, 2015, there were 30,385,800 shares of common stock issued and outstanding. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Jun. 30, 2015 | |
Notes to Financial Statements | |
8. SUBSEQUENT EVENTS | FASB ASC 855 is effective for periods ending after June 15, 2009, and establishes general standards of accounting for and disclosure of subsequent events that occur after the balance sheet date. The Management has evaluated subsequent events through the date of this report, and has no subsequent events to report. |
SUMMARY OF SIGNIFICANT ACCOUN14
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Jun. 30, 2015 | |
Summary Of Significant Accounting Policies Policies | |
Basis of Presentation | The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a September 30 fiscal year end. The unaudited interim financial statements have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to such rules and regulations. These condensed financial statements should be read in conjunction with the audited financial statements and notes for the period ended September 30, 2014 included in our Annual Report on Form 10-K. Results of operations for interim periods are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2015. |
Cash Equivalents | For purposes of the balance sheet and statement of cash flows, the Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. |
Stock-based compensation | The Company follows ASC 718-10, Stock Compensation |
Use of Estimates and Assumptions | Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. The Company has adopted the provisions of ASC 260. |
Loss Per Share | The basic loss per share is calculated by dividing the Company's net loss available to common shareholders by the weighted average number of common shares during the year. The diluted loss per share is calculated by dividing the Company's net loss available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. |
Fair Value Measurements and Disclosures | ASC Topic 820 defines fair value, establishes a framework for measuring fair value, establishes a three-level valuation hierarchy for disclosure of fair value measurement and enhances disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: Level 1 - Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 - Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The Company's adoption of fair value measurements and disclosures did not have a material impact on the financial statements and financial statement disclosures |
Income Taxes | Income taxes are provided in accordance with ASC 740, Income Taxes Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. No provision was made for Federal or State income taxes. |
Advertising | Advertising will be expensed in the period in which it is incurred. There have been no advertising expenses for the reporting periods presented. |
Intangible Assets | Intangible assets with finite lives are amortized over their estimated useful life. The Company monitors conditions related to these assets to determine whether events and circumstances warrant a revision to the remaining amortization period. The Company tests its intangible assets with finite lives for potential impairment whenever management concludes events or changes in circumstances indicate that the carrying amount may not be recoverable. The original estimate of an asset's useful life and the impact of an event or circumstance on either an asset's useful life or carrying value involve significant judgment. |
Revenue Recognition | The Company recognizes revenue in accordance with ASC 605, Revenue Recognition. ASC 605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the fee is fixed and determinable; and (4) collectability is reasonably assured. |
Recently Issued Accounting Pronouncements | In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted. The Company adopted ASU 2014-10 during the quarter ended June 30, 2014, thereby no longer presenting or disclosing any information required by Topic 915. The Company reviewed all recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC and they did not or are not believed by management to have a material impact on the Company's present or future financial statements. |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | Jun. 30, 2015 | Sep. 30, 2014 |
Going Concern Details Narrative | ||
Working capital | $ (224,446) | |
Accumulated deficit | $ 362,776 | $ 155,727 |
CONSULTING AGREEMENT (Details N
CONSULTING AGREEMENT (Details Narrative) - Jun. 30, 2015 - USD ($) | Total | Total |
Consulting Agreement Details Narrative | ||
Share base expense | $ 100,000 | $ 100,000 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - Jun. 30, 2015 - USD ($) | Total |
Notes Payable Details Narrative | |
Note Payable | $ 75,025 |
Accrued interest | 8,403 |
Remaining balance of note payable | $ 75,025 |
Interest rate | 12.00% |
SHARE CAPITAL (Details Narrativ
SHARE CAPITAL (Details Narrative) - shares | Jun. 30, 2015 | Sep. 30, 2014 |
Share Capital Details Narrative | ||
Common Stock, Issued | 30,385,800 | 30,385,800 |
Common Stock, Outstanding | 30,385,800 | 30,385,800 |