Document and Entity Information
Document and Entity Information - Aug. 31, 2015 - shares | Total |
Document and Entity Information | |
Entity Registrant Name | Baixo Relocation Services, Inc. |
Document Type | 10-Q |
Document Period End Date | Aug. 31, 2015 |
Amendment Flag | false |
Entity Central Index Key | 1,609,988 |
Current Fiscal Year End Date | --02-28 |
Entity Common Stock, Shares Outstanding | 8,000,000 |
Entity Filer Category | Smaller Reporting Company |
Entity Current Reporting Status | Yes |
Entity Voluntary Filers | No |
Entity Well-known Seasoned Issuer | No |
Document Fiscal Year Focus | 2,016 |
Document Fiscal Period Focus | Q2 |
Trading Symbol | baixo |
Balance Sheets
Balance Sheets - USD ($) | Aug. 31, 2015 | Feb. 28, 2015 |
Current assets | ||
Cash | $ 21,227 | $ 44,643 |
Total current assets | 21,227 | 44,643 |
Total assets | 21,227 | 44,643 |
Current liabilities | ||
Accounts payable and accrued liabilities | 341 | 1,666 |
Total current liabilities | 341 | 1,666 |
Total liabilities | 341 | 1,666 |
Stockholders' equity | ||
Common stock value | 8,000 | 8,000 |
Additional paid-in capital | 62,000 | 62,000 |
Deficit accumulated | (49,114) | (27,023) |
Total stockholders' equity | 20,886 | 42,977 |
Total liabilities and stockholders' equity | $ 21,227 | $ 44,643 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Aug. 31, 2015 | Feb. 28, 2015 |
Balance Sheet | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 8,000,000 | 8,000,000 |
Common stock, shares outstanding | 8,000,000 | 8,000,000 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended | ||
Aug. 31, 2015 | Aug. 31, 2014 | Aug. 31, 2015 | Aug. 31, 2014 | |
Income Statement | ||||
Revenue | ||||
Expenses | ||||
General and administrative | $ 1,175 | $ 1,025 | $ 3,313 | $ 1,098 |
Professional fees | 13,418 | 1,500 | 18,778 | 6,200 |
Total expenses | 14,593 | 2,525 | 22,091 | 7,298 |
Net loss | $ (14,593) | $ (2,525) | $ (22,091) | $ (7,298) |
Net loss per share - basic and diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of shares outstanding - basic and diluted | 8,000,000 | 5,000,000 | 8,000,000 | 5,000,000 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 3 Months Ended | 6 Months Ended | ||
Aug. 31, 2015 | Aug. 31, 2014 | Aug. 31, 2015 | Aug. 31, 2014 | |
Cash flows from operating activities | ||||
Net loss | $ (14,593) | $ (2,525) | $ (22,091) | $ (7,298) |
Change in operating assets and liabilities | ||||
(Increase) decrease in prepaids | (1,300) | |||
Increase (decrease) in accounts payable and accrued liabilities | (1,325) | 41 | ||
Net cash used in operating activities | (23,416) | (8,557) | ||
Net increase (decrease) in cash | (23,416) | (8,557) | ||
Cash, beginning of period | 44,643 | 25,000 | ||
Cash, end of period | $ 21,227 | $ 16,443 | $ 21,227 | $ 16,443 |
Supplemental disclosures of cash flow information: | ||||
Cash paid for Interest | ||||
Cash paid for Income tax |
Nature and Continuance of Opera
Nature and Continuance of Operations | 6 Months Ended |
Aug. 31, 2015 | |
Notes | |
Nature and Continuance of Operations | Note 1: Nature and Continuance of Operations Baixo Relocation Services, Inc. (the "Company") was incorporated in the state of Nevada on January 7, 2014 ("Inception"). The Company operates as a relocation service provider for clients moving to the State of Goa, India. The Company's corporate headquarters are located in Baixo, India and its fiscal year-end is February 28. |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Aug. 31, 2015 | |
Notes | |
Basis of Presentation | Note 2: Basis of Presentation Unaudited interim consolidated financial statements The unaudited interim consolidated financial statements include the accounts of Baixo Relocation Services, Inc and its wholly-owned Indian subsidiary, Baixo Relocation Services Private Limited. All significant intercompany balances and transactions have been eliminated upon consolidation. The accompanying unaudited consolidated interim financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q of Regulation S-X. They may not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the period ended February 28, 2015 included in the Companys annual report on Form 10-K filed with the Securities and Exchange Commission. These interim unaudited consolidated financial statements should be read in conjunction with those financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three and six months ended August 31, 2015 are not necessarily indicative of the results that may be expected for the year ending February 28, 2016. |
Capital Stock Disclosure
Capital Stock Disclosure | 6 Months Ended |
Aug. 31, 2015 | |
Notes | |
Capital Stock Disclosure | Note 3: Capital Stock The total number of common shares authorized that may be issued by the Company is 75,000,000 shares with a par value of $0.001 per share. During the period ended February 28, 2014, the Company issued 5,000,000 shares of common stock for total cash proceeds of $25,000 to the Company's director. The Company became a reporting company on September 4, 2014 and on December 9, 2014, the Company completed its offering of a total of 3,000,000 shares of Companys common stock on a "self-underwritten" basis at a fixed price of $0.015 per share, for total proceeds of $45,000. At August 31, 2015, there were no issued and outstanding stock options or warrants. |
Going Concern
Going Concern | 6 Months Ended |
Aug. 31, 2015 | |
Notes | |
Going Concern | Note 4: Going Concern These consolidated financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since inception resulting in an accumulated deficit of $49,114 as at August 31, 2015 ($27,023 as at February 28, 2015) and further losses are anticipated in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. In addition to operational expenses, as the Company executes its business plan, it is incurring expenses related to complying with its public reporting requirements. In order to remain in business, the Company will need to raise capital in the next twelve months. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand. The Company has no written or verbal commitments from stockholders, director or officer to provide the Company with any form of cash advances, loans or other sources of liquidity, if required, to meet its working capital needs. |
Capital Stock Disclosure (Detai
Capital Stock Disclosure (Details) - USD ($) | 2 Months Ended | 12 Months Ended | |
Feb. 28, 2014 | Feb. 28, 2015 | Aug. 31, 2015 | |
Details | |||
Common shares authorized that may be issued | 75,000,000 | 75,000,000 | |
Par value of common stock | $ 0.001 | $ 0.001 | |
Common stock issued | 5,000,000 | 3,000,000 | |
Proceeds from sale of common stock | $ 25,000 | $ 45,000 | |
Price per share | $ 0.015 |
Going Concern (Details)
Going Concern (Details) - USD ($) | Aug. 31, 2015 | Feb. 28, 2015 |
Details | ||
Accumulated deficit | $ 49,114 | $ 27,023 |