Loading...
Docoh

Gulf West Security Network (GWSN)

Document and Entity Information

Document and Entity Information - USD ($)12 Months Ended
Sep. 30, 2015Jan. 08, 2016Mar. 31, 2015
Document And Entity Information
Entity Registrant NameSmooFi, Inc.
Entity Central Index Key1,592,603
Document Type10-K
Document Period End DateSep. 30,
2015
Amendment Flagfalse
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 CategorySmaller Reporting Company
Entity Public Float $ 2,378,362
Entity Common Stock, Shares Outstanding30,385,800
Document Fiscal Period FocusFY
Document Fiscal Year Focus2,015

BALANCE SHEETS

BALANCE SHEETS - USD ($)Sep. 30, 2015Sep. 30, 2014
CURRENT ASSETS
Cash $ 2,160 $ 74,787
Prepaid expenses3,165
Total Current Assets $ 5,325 $ 74,787
OTHER ASSETS:
Intangible asset, net 74,495
TOTAL ASSETS $ 5,325 149,282
CURRENT LIABILITIES:
Accounts payable and accrued expenses182,144 $ 87,531
Due to related party9,500
Note payable and accrued interest payable85,193 $ 54,653
TOTAL LIABILITIES $ 276,837 $ 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 capital132,439 132,439
Accumulated deficit(652,239)(155,727)
Common stock to be issued217,902
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)(271,512)7,098
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 5,325 $ 149,282

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / sharesSep. 30, 2015Sep. 30, 2014
Balance Sheets Parenthetical
Preferred stock; Par Value $ 0.001 $ 0.001
Preferred stock; Shares Authorized5,000,000 5,000,000
Preferred stock; Shares Issued0 0
Preferred stock; Shares Outstanding0 0
Common Stock; Par Value $ 0.001 $ 0.001
Common Stock; Shares Authorized200,000,000 200,000,000
Common Stock; Shares Issued30,385,800 30,385,800
Common Stock; Shares Outstanding30,385,800 30,385,800

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)12 Months Ended
Sep. 30, 2015Sep. 30, 2014
Statements Of Operations
Revenue $ 12,000
Cost of sales 9,500
Gross Profit 2,500
Operating expense:
General and administrative expenses $ (490,996)(147,413)
Loss from operations(490,996)(144,913)
Other expense
Interest expense(5,516)(10,814)
Total other income (expense) Loss before provision for income tax $ (496,512) $ (155,727)
Provision for income taxes
Net loss $ (496,512) $ (155,727)
Basic and diluted loss per share $ (0.01) $ (0.01)
Weighted average common shares outstanding - basic and diluted30,385,800 29,257,266

STATEMENT OF CHANGES IN STOCKHO

STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)Common StockAdditional Paid-In CapitalAccumulated DeficitCommon Stock to be Issued [Member]Total
Begining balance, Shares at Oct. 15, 2013
Begining balance, Amount at Oct. 15, 2013
Shares issued for business plan and website on October 15, 2013, Shares21,750,000
Shares issued for business plan and websiteon October 15, 2013. Amount $ 21,750 $ 50,750 $ 72,500
Shares issued for founder’s shares, Shares1,500,000
Shares issued for founder’s shares, Amount $ 1,500 (1,500)
Shares issued in private placement completed on October 29, 2013, Shares5,400,000
Shares issued in private placement completed on October 29, 2013, Amount $ 5,400 12,600 $ 18,000
Shares issued for cash on April 16, 2014, Shares1,735,800
Shares issued for cash on April 16, 2014, Amount $ 1,736 $ 70,589 72,325
Net loss $ (155,727) (155,727)
Ending balance. Shares at Sep. 30, 201430,385,800
Ending balance, Amount at Sep. 30, 2014 $ 30,386 $ 132,439 $ (155,727) 7,098
Shares to be issued for services, Shares
Shares to be issued for services, Amount $ 217,902 217,902
Net loss $ (496,512) (496,512)
Ending balance. Shares at Sep. 30, 201530,385,800
Ending balance, Amount at Sep. 30, 2015 $ 30,386 $ 132,439 $ (652,239) $ 217,902 $ (271,512)

STATEMENT OF CASH FLOWS

STATEMENT OF CASH FLOWS - USD ($)12 Months Ended
Sep. 30, 2015Sep. 30, 2014
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss $ (496,512) $ (155,727)
Adjustments to reconcile net loss to net cash used in operating activities:
Intangible asset impairment loss74,495
Stock issued for services217,902
Change in operating assets and liabilities:
Prepaid expenses(3,165)
Accounts payable and accrued expenses94,612 $ 87,531
Due to related party9,500
Accrued interest payable5,516 $ 4,653
Net Cash Used in Operating Activities $ (97,652)(63,543)
CASH FLOW FROM INVESTING ACTIVITIES:
Purchase of intangibles (1,995)
Net Cash Used in Investing Activities (1,995)
CASH FLOW FROM FINANCING ACTIVITIES:
Proceeds from the issuance of note payable $ 50,025 200,000
Repayment of note payable $ (25,000)(100,000)
Repayment of note payable - related party (50,000)
Issuance of common stock for cash 90,325
Net Cash Provided by Financing Activities $ 25,025 140,325
CHANGE IN CASH(72,627) $ 74,787
CASH AT BEGINNING OF PERIOD74,787
CASH AT END OF PERIOD $ 2,160 $ 74,787
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for: Interest $ 6,197
Cash paid for: Income taxes
Non-cash investing and financing activities:
Intangibles acquired $ 72,500

ORGANIZATION

ORGANIZATION12 Months Ended
Sep. 30, 2015
Notes to Financial Statements
1. ORGANIZATIONSmoofi, Inc. (the "Company")
was incorporated under the laws of the State of Nevada on October 15, 2013. The Company issued 21,750,000 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, both service
requestors and service providers, to work collaboratively to obtain substantial improvements in performance, reliability and usability.
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 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. Operations, Consulting
and Advisory Services in the Cannabis Industry As an expansion of our
overall business strategy, we have appointed a new Director to expand our platform and services to enter the cannabis industry.
We intended to enter into this area by leasing farm land.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES12 Months Ended
Sep. 30, 2015
Notes to Financial Statements
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESa.
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. 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 for the reporting periods presented. 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 CONCERN12 Months Ended
Sep. 30, 2015
Notes to Financial Statements
3. GOING CONCERNThe
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 $271,512 and an accumulated
deficit of $652,239 at September 30, 2015. While
the Company believes that, with adequate financial resources, it will be able to generate revenues from services, including cannabis
industry consulting services, and further developing and launching its marketplace platform, the Company's cash position is not
sufficient to support theses growth plans and 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 obtain adequate financing and achieve profitable operations. The financial
statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

INTANGIBLE ASSET

INTANGIBLE ASSET12 Months Ended
Sep. 30, 2015
Notes to Financial Statements
4. INTANGIBLE ASSETThe Company's intangible asset is an online marketplace
and community platform designed to provide an online venue for basic services by aggregating typically low cost services within
each local market. This platform has yet to be launched since development has not been completed. The additional passage of time
since initial design and development efforts commenced indicates that impairment of this intangible asset may have occurred. The
Company's lack of funds required to complete development, launch and begin marketing efforts is the reason for this passage of
time. In accordance with GAAP, a two-step approach is required, with the first being a recoverability test comparing the carrying
amount of the asset to the sum of future undiscounted cash flows to be generated through use and eventual disposition. Due principally
to the increase over time in the number of service offerings that compete with one or more features of the Company's platform
and that have been launched and successfully gained market share, as well as general technological advances, the Company has determined
that it cannot forecast future revenue and expenses and calculate future cash flows and fair value; accordingly, management has
concluded that the entire carrying amount may not be recoverable and, therefore, an impairment loss of $74,495 has been recorded
and included in general and administrative expenses for the year ended September 30, 2015.

DEPOSIT ON INVESTMENT

DEPOSIT ON INVESTMENT12 Months Ended
Sep. 30, 2015
Notes to Financial Statements
5. DEPOSIT ON INVESTMENTOn June 29, 2015, the Company
made a non-refundable payment of $50,000 in connection with a Letter of Intent to purchase certain farm property in Colorado.
The Company did not close on the purchase of the property; accordingly, it wrote off the payment and included the charge in general
and administrative expenses.

CONSULTING AGREEMENT

CONSULTING AGREEMENT12 Months Ended
Sep. 30, 2015
Notes to Financial Statements
6. CONSULTING AGREEMENTOn
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 on the first day of each month with the payment deferred until the
Company closes financing in the amount of $3 million or greater. Additionally, the Company was required to issue the consultant
200,000 shares of common stock on October 1, 2015. On the date of the consulting agreement entered, 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, which
have not been issued as of September 30, 2015 and were recorded under equity - shares to be issued, will be issued in a subsequent
period. During
the year ended September 30, 2015, the Company recorded stock based compensation expense in the amount of $200,000 associated
with the vesting of the common stock.

NOTES PAYABLE

NOTES PAYABLE12 Months Ended
Sep. 30, 2015
Notes to Financial Statements
7. NOTES PAYABLEAs of September 30, 2015, the
Company had two notes payable issued and outstanding with a total principle of $75,025 and accrued interest of $10,168. 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, which was issued on June 29, 2015 and was due on July 3, 2015, has an interest rate of 8%, and remains unpaid. Both
notes are in default as of September 30, 2015.

SHARE CAPITAL

SHARE CAPITAL12 Months Ended
Sep. 30, 2015
Notes to Financial Statements
8. SHARE CAPITALThe
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 chief executive officer, president and chief financial officer as founder shares. The
Company issued 21,750,000 shares of its common stock to 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 whereby it issued 5,400,000 shares of common stock to accredited investors
at $0.003 per share for total gross proceeds of $18,000. On
April 16, 2014, the Company completed a public offering whereby the Company sold 1,735,800 shares of its common stock at $0.042
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 granted 200,000 shares of restricted common stock to the investor relations firm which fully vested on October 1,
2015. On the date of the consulting agreement was entered into, 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. During the year ended September 30, 2015, the Company
recorded share based compensation expense in the amount of $200,000 associated with the vesting of the common stock granted. The
vested common stock 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, at September
30, 2015 the Company has 30,385,800 shares of common stock 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. On August
7, 2015, the Company granted 100,000 shares of restricted common stock to its chief operating officer. On the date of grant, the
shares were valued at $.61 per share which was the unadjusted closing share price on that date for a fair value of $61,000. The
shares vest over a six-month period; accordingly, during the year ended September 30, 2015, the Company recorded stock based compensation
expense in the amount of $17,902 associated with vesting of the common stock granted. The vested common stock was recorded under
equity - shares to be issued. The subject 100,000 shares of common stock will be issued in a subsequent period.

INCOME TAXES

INCOME TAXES12 Months Ended
Sep. 30, 2015
Notes to Financial Statements
9. INCOME TAXESAs
of September 30, 2015, the Company had net operating loss carry forwards of approximately $652,239 that may be available to reduce
future years' taxable income through 2034.
As of September 30, 2015
Deferred tax assets:
Net operating tax carryforwards $ 254,373
Other -
Gross deferred tax assets 254,373
Valuation allowance (254,373 )
Net deferred tax assets $ - Realization
of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences
and carryforwards are expected to be available to reduce taxable income. Management periodically reviews the likelihood that that
it will be able to recover its deferred tax assets. As the achievement of required future taxable income is uncertain based on
an assessment of all available evidence, the Company recorded a valuation allowance equal to the full amount of its deferred tax
assets as of September 30, 2015. Reconciliation
between the provision for income taxes and the expected tax benefit using the federal statutory rate of 34% and state statutory
rate of 5.0% for 2015 is as follows:
2015
Income tax benefit at federal statutory
rate (34.00 )%
State income tax benefit, net of effect
on federal taxes (5.00 )%
Valuation allowance 39.00 %
Effective rate 0.00 %

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS12 Months Ended
Sep. 30, 2015
Notes to Financial Statements
10. RELATED PARTY TRANSACTIONSMr.
Brian Loiselle, a director of and consultant to the Company, has, through an affiliated company, approximately $800,000 invested
in the "Tamarack Project" which is the subject of a certain Letter of Intent to which the Company is a party, as well
as $830,000 invested in a certain farm and property in Colorado that the Company unsuccessfully attempted to acquire. This farm
was eventually acquired by and is now owned by a competitor; the aforementioned $830,000 is evidenced by a promissory note between
the present owner and the affiliated company controlled by Mr. Loiselle. As described in Note 4, the Company made a non-refundable
payment of $50,000 in connection with its attempt to purchase this farm and property, which was written off in the year ended
September 30, 2015. On April
22, 2015, the Company and Newport Board Group entered into an Advisory Services Agreement whereby Mr. Donahue would serve as the
Company's Chief Operating Officer. The term of the initial agreement was for 60 days. A second agreement was executed on June
9, 2015, with no set termination date; however, either party may terminate the agreement at any time with 30 days' written notice.
The monthly fee under both agreements is $4,000. During the fiscal year ended September 30, 2015, the Company paid $11,832 to
Newport Board Group, with an additional $9,500 of monthly fees deferred and included as Due to Related Party at September 30,
2015. The Company has continued to defer and accrue all additional fees through the date of filing of this Report. As described
in Note 8, on August 7, 2015, the Company granted 100,000 shares of restricted common stock to Mr. Donahue.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS12 Months Ended
Sep. 30, 2015
Notes to Financial Statements
11. SUBSEQUENT EVENTSOn
January 14, 2016, the Company issued a promissory note in the amount of $47,000 to EastWest Secured Developments, LLC; an Arizona
Limited Liability company of which Mr. Brian Loiselle, a director of and consultant to the Company, is a managing member. The
principal and unpaid and accrued interest thereon are due on the earlier of one week after the closing of a certain contemplated
acquisition or July 31, 2016. This note has an interest rate of 10% per annum, with penalty provisions in the event this note
is in default. On
January 15, 2016, the Company entered into a secured promissory note in the amount of $46,400 to advance funds to the sellers
of the above-mentioned possible acquiree. Closing will be subject to financing and other contingencies per a non-binding Letter
of Intent. This note has an interest rate of 8% per annum, with principal and unpaid and accrued interest due on March 31, 2016,
unless the contemplated transaction closes prior thereto, in which case the note will be cancelled.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)12 Months Ended
Sep. 30, 2015
Summary Of Significant Accounting Policies Policies
Basis of PresentationThe Company's financial statements
are prepared using the accrual method of accounting. The Company has elected a September 30 fiscal year end.
Cash EquivalentsFor 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 compensationThe Company follows ASC 718-10, Stock
Compensation
Use of Estimates and AssumptionsPreparation 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 ShareThe 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 DisclosuresASC
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 TaxesIncome
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 for the reporting periods presented.
AdvertisingAdvertising will be expensed
in the period in which it is incurred. There have been no advertising expenses for the reporting periods presented.
Intangible AssetsIntangible 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 RecognitionThe 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 PronouncementsIn
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.

INCOME TAXES (Tables)

INCOME TAXES (Tables)12 Months Ended
Sep. 30, 2015
Income Taxes Tables
Net operating loss carry forwardsAs of September 30, 2015
Deferred tax assets:
Net operating tax carryforwards $ 254,373
Other -
Gross deferred tax assets 254,373
Valuation allowance (254,373 )
Net deferred tax assets $ -
Effective income tax rate reconciliation2015
Income tax benefit at federal statutory
rate (34.00 )%
State income tax benefit, net of effect
on federal taxes (5.00 )%
Valuation allowance 39.00 %
Effective rate 0.00 %

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)Sep. 30, 2015Sep. 30, 2014
Going Concern Details Narrative
Working capital $ 271,512
Accumulated deficit $ 652,239 $ 155,727

INTANGIBLE ASSET (Details Narra

INTANGIBLE ASSET (Details Narrative) - USD ($)12 Months Ended
Sep. 30, 2015Sep. 30, 2014
Intangible Asset Details Narrative
Intangible asset impairment loss $ 74,495

CONSULTING AGREEMENT (Details N

CONSULTING AGREEMENT (Details Narrative)12 Months Ended
Sep. 30, 2015USD ($)
Consulting Agreement Details Narrative
Share base expense $ 200,000

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)Sep. 30, 2015Jul. 03, 2015Jun. 30, 2015
Notes Payable Details Narrative
Note Payable $ 75,025
Accrued interest $ 10,168
Remaining balance of note payable $ 25,000
Interest rate8.00%12.00%

SHARE CAPITAL (Details Narrativ

SHARE CAPITAL (Details Narrative) - sharesSep. 30, 2015Sep. 30, 2014
Share Capital Details Narrative
Common Stock, Issued30,385,800 30,385,800
Common Stock, Outstanding30,385,800 30,385,800

INCOME TAXES (Details)

INCOME TAXES (Details)Sep. 30, 2015USD ($)
Deferred tax assets:
Net operating tax carryforwards $ 254,373
Other
Gross deferred tax assets $ 254,373
Valuation allowance $ (254,373)
Net deferred tax assets

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)12 Months Ended
Sep. 30, 2015
Income Taxes Details 1
Income tax benefit at federal statutory rate(34.00%)
State income tax benefit, net of effect on federal taxes(5.00%)
Valuation allowance39.00%
Effective rate0.00%

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)12 Months Ended
Sep. 30, 2015USD ($)
Income Taxes Details Narrative
Net operating loss carry forwards $ 652,239
Income tax benefit at federal statutory rate(34.00%)
State income tax benefit, net of effect on federal taxes(5.00%)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)12 Months Ended
Sep. 30, 2015USD ($)
Related Party Transactions Details Narrative
Non-refundable payment $ 50,000
Deferred fees11,832
Paid to Newport Board Group $ 9,500