Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Jan. 31, 2016 | Jul. 15, 2016 | |
Document And Entity Information | ||
Entity Registrant Name | Aureus Incorporated | |
Entity Central Index Key | 1,624,517 | |
Document Type | 10-Q | |
Document Period End Date | Jan. 31, 2016 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --10-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 126,450,000 | |
Trading Symbol | ARSNE | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,016 |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Jan. 31, 2016 | Oct. 31, 2015 |
Current assets: | ||
Cash | $ 518 | $ 924 |
Prepaid Professional Fees | 999 | 1,248 |
Total assets | 1,517 | 2,172 |
Current Liabilities: | ||
Accounts payable | 19,115 | 8,115 |
Accrued expenses | 962 | 175 |
Note payable | 40,000 | 20,000 |
Loan from related Party | 24,656 | 24,656 |
Total Liabilities | 84,733 | 52,946 |
Stockholders' deficit: | ||
Common stock; authorized 150,000,000; 126,450,000 shares at $0.001 par issued and outstanding at January 31, 2016 and October 31, 2015 | 126,450 | 126,450 |
Additional Paid in Capital | (95,700) | (95,700) |
Accumulated deficit | (113,966) | (81,524) |
Total stockholders deficit | (83,216) | (50,774) |
Total liabilities and stockholders' deficit | $ 1,517 | $ 2,172 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) - $ / shares | Jan. 31, 2016 | Oct. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Common Stock, Shares Authorized | 150,000,000 | 150,000,000 |
Common Stock, Shares Issued | 126,450,000 | 126,450,000 |
Common Stock, Shares Outstanding | 126,450,000 | 126,450,000 |
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Jan. 31, 2016 | Jan. 31, 2015 | |
Income Statement [Abstract] | ||
REVENUES | ||
OPERATING EXPENSES | ||
General and administrative | 31,706 | 10,931 |
Total Operating Expenses | 31,706 | 10,931 |
Interest Expense | 736 | |
Net loss for the period | $ (32,442) | $ (10,931) |
Net loss per share: | ||
Basic and diluted | $ 0 | $ 0 |
Weighted average number of shares outstanding: | ||
Basic and diluted | 126,450,000 | 126,450,000 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Jan. 31, 2016 | Jan. 31, 2015 | |
Cash flow from operating activities: | ||
Net loss | $ (32,442) | $ (10,931) |
Decrease / (Increase) in prepaid expenses | 250 | (4,000) |
Increase in accounts payable | 11,000 | |
Increase in accrued expenses | 786 | |
Net cash used in operating activities | (20,406) | (14,931) |
Cash flows from financing activities: | ||
Proceeds from notes payable | 20,000 | |
Loan from related party | 597 | |
Net cash provided by financing activities | 20,000 | 597 |
Decrease in cash during the period | (406) | (14,334) |
Cash, beginning of period | 924 | 32,725 |
Cash, end of period | 518 | 18,391 |
Cash paid during the period | ||
Taxes | ||
Interest |
Organization and Basis of Prese
Organization and Basis of Presentation | 3 Months Ended |
Jan. 31, 2016 | |
Accounting Policies [Abstract] | |
Organization and Basis of Presentation | NOTE 1 ORGANIZATION AND BASIS OF PRESENTATION Aureus Incorporated (the Company) was incorporated in the State of Nevada on April 19, 2013. The Company was organized to develop and explore mineral properties in the State of Nevada. On October 1, 2014, the Company entered into a Purchase Agreement with Gold Exploration Management Services, Inc. (Gold Exploration) pursuant to which the Company purchased 100% of Golds Explorations interest in one claim block of 11 claims or 220 acres, in Elko County, Nevada (the Gold Creek Property) for $15,000. The claims were registered in the name of Gold Exploration. On August 31, 2015, Gold Explorations title to the mining claims on the Gold Creek Property expired but has been re-staked by the Company. In September 2015, the Interior for Land and Minerals Management (ILLM) imposed a prohibition on mining activities on 10 million acres of public and National Forest System Lands, including the Gold Creek Property, in order to protect the greater sage-grouse and its habitat from adverse effects of locatable mineral exploration and mining activities, subject to valid existing rights (the Land Freeze). Due to the Land Freeze, the Company has not been able to have the title to the Gold Creek Property transferred into the Companys name or to conduct any activities on the Gold Creek Property. The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. It is managements opinion, however that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statements presentation. These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in United States (US) dollars and do not contain certain information included in the Companys Annual Report on Form 10-K for the fiscal year ended October 31, 2015. The accompanying unaudited financial statements of the Company should be read in conjunction with the audited financial statements and accompanying notes filed with the Securities and Exchange Commission in the Companys Annual Report on Form 10-K for the fiscal year ended October 31, 2015. Operating results and cash flows for interim periods are not necessarily indicative of results that can be expected for the entire year. |
Significant Accounting Policies
Significant Accounting Policies | 3 Months Ended |
Jan. 31, 2016 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | NOTE 2 SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. As of January 31, 2016 and October 31, 2015, there were no cash equivalents. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Impairment of Long Lived Assets The Company tests its assets for recoverability whenever events or changes in circumstances indicate that the related carrying amount may not be recoverable, which includes comparing the carrying amount of a long-lived asset to the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. An impairment loss would be measured as the amount by which the carrying amount of a long-lived asset exceeds its fair value. For the Companys mining claims, this test includes examining the discounted and undiscounted cash flows associated with value beyond proven and probable reserves, in determining whether the mining claim is impaired. Start-up Expenses The Company expenses costs associated with start-up activities as incurred. Accordingly, start-up costs associated with the Companys formation have been included in the Companys general and administrative expenses. Mining Interests and Exploration Expenditures Exploration costs are expensed in the period in which they occur. The Company capitalizes costs for acquiring and leasing mineral properties and expenses costs to maintain mineral rights as incurred. Should a property reach the production stage, these capitalized costs would be amortized using the units-of-production method on the basis of periodic estimates of ore reserves. Mineral interests are periodically assessed for impairment of value, and any subsequent losses are charged to operations at the time of impairment. If a property is abandoned or sold, its capitalized costs are charged to operations. Income Taxes The Company utilizes FASB ACS 740, Income Taxes The accounting guidance for uncertainties in income tax prescribes a comprehensive model for the financial statement recognition, measurement, presentation, and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. The Company recognizes a tax benefit from an uncertain tax position in the financial statements only when it is more likely than not that the position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits and a consideration of the relevant taxing authoritys widely understood administrative practices and precedents. Interest and penalties on tax deficiencies recognized in accordance with ACS accounting standards are classified as income taxes in accordance with ASC Topic 740-10-50-19. We have implemented certain provisions of ASC 740, Income Taxes (ASC 740), which clarifies the accounting and disclosure for uncertain tax positions, as defined. ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. We adopted the provisions of ASC 740 and have analyzed filing positions in United States jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. We have identified the United States as our major tax jurisdiction. Generally, we remain subject to United States examination of our income tax returns. Fair Value of Financial Instruments The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), Fair Value Measurements and Disclosures FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value: ● Level 1: Quoted prices in active markets for identical assets or liabilities ● Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. ● Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Basic and Diluted Loss Per Share Net loss per share is calculated in accordance with FASB ASC 260, Earnings Per Share Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its condensed consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, Compensation - Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period. This ASU provides more explicit guidance for treating share-based payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service period as a performance condition. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on the consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements Going Concern (Topic 205-40), which requires management to evaluate whether there is substantial doubt about an entitys ability to continue as a going concern for each annual and interim reporting period. If substantial doubt exists, additional disclosure is required. This new standard will be effective for the Company for annual and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company adopted this new standard for the fiscal year ending December 31, 2014. In April 2015, the FASB issued ASU 2015-3, Interest - Imputation of Interest (Subtopic 835-30), related to the presentation of debt issuance costs. This standard will require debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct deduction from the debt liability rather than as an asset. These costs will continue to be amortized to interest expense using the effective interest method. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015, and retrospective adoption is required. We will adopt this pronouncement for our year beginning January 1, 2016. We do not expect this pronouncement to have a material effect on our consolidated financial statements |
Going Concern
Going Concern | 3 Months Ended |
Jan. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | NOTE 3 GOING CONCERN The Company has sustained operating losses since inception. The Companys continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations and/or obtaining additional financing from its shareholders or other sources, as may be required. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern; however, the above condition raises substantial doubt about the Companys ability to do so. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern. Management is endeavoring to begin exploration activities however, may not be able to do so within the next fiscal year. Management is also seeking to raise additional working capital through various financing sources, including the sale of the Companys equity securities, which may not be available on commercially reasonable terms, if at all. If such financing is not available on satisfactory terms, we may be unable to continue our business as desired and operating results will be adversely affected. In addition, any financing arrangement may have potentially adverse effects on us or our stockholders. Debt financing (if available and undertaken) will increase expenses, must be repaid regardless of operating results and may involve restrictions limiting our operating flexibility. If we issue equity securities to raise additional funds, the percentage ownership of our existing stockholders will be reduced and the new equity securities may have rights, preferences or privileges senior to those of the holders of our common stock. |
Loan from Related Party
Loan from Related Party | 3 Months Ended |
Jan. 31, 2016 | |
Related Party Transactions [Abstract] | |
Loan from Related Party | NOTE 4 LOAN FROM RELATED PARTY During the period from April 19, 2013 to October 31, 2015, the Company received advances totaling $24,656 from Dong Gu Kang and Min Jung Kang, the Companys former executive officers and directors (the Selling Stockholders). The advance was unsecured, non-interest bearing and due upon demand giving 30 days written notice to the borrower. In connection with the Stock Purchase Agreement, dated September 30, 2015, among the Company, the Selling Stockholders and Maverick, LLC, a Nevis limited liability company (Maverick), pursuant to which Maverick purchased 90,000,000 shares of common stock of the Company from the Selling Stockholders, Maverick assumed $24,656 in outstanding debt owed the Selling Stockholders by the Company; constituting 100% of the debt owed the Selling Stockholders of the Company, pursuant to a Debt Assumption Agreement, dated September 30, 2015, between the Company, the Selling Stockholders and Maverick. Maverick beneficially owns 71.7% of the common stock of the Company. The balance of loan from related party as of January 31, 2016 and October 31, 2015 are $24,656 and $24,656, respectively. |
Notes Payable
Notes Payable | 3 Months Ended |
Jan. 31, 2016 | |
Debt Disclosure [Abstract] | |
Notes Payable | NOTE 5 NOTES PAYABLE On September 9, 2015, we sold Backenald Corp. a promissory note in the principal amount of $20,000, bearing interest at the rate of 5% per annum and maturing on the first anniversary of the date of issuance. The Company may prepay any or all of the outstanding principal of the promissory note at any time without penalty and shall be accompanied by payment of the accrued interest on the amount prepaid. The promissory note automatically becomes due upon an event of default, including breach, default, bankruptcy and sale. As of January 31, 2016 and October 31, 2015, accrued interest amounted to $579 and $175, respectively. On November 16, 2015, we sold Craigstone a promissory note in the principal amount of $20,000, bearing interest at the rate of 5% per annum and maturing on the first anniversary of the date of issuance. The Company may prepay any or all of the outstanding principal of the promissory note at any time without penalty and shall be accompanied by payment of the accrued interest on the amount prepaid. The promissory note automatically becomes due upon an event of default, including breach, default, bankruptcy and sale. As of January 31, 2016 accrued interest amounted to $333. |
Deposit on Mineral Property Acq
Deposit on Mineral Property Acquisition | 3 Months Ended |
Jan. 31, 2016 | |
Extractive Industries [Abstract] | |
Deposit on Mineral Property Acquisition | NOTE 6 DEPOSIT ON MINERAL PROPERTY ACQUISITION On October 1, 2014, the Company entered into a Purchase Agreement with Gold Exploration Management Services, Inc. to purchase 11 claims in Mineral County Nevada known as the Gold Creek Property (the Gold Creek Property). The Company paid a total of $15,000 for the purchase of the Gold Creek Property, and was reflected in the financial statements as a deposit, until such time as the ownership transferred to the Company. In September 2015, the Interior for Land and Minerals Management (ILLM) imposed a prohibition on mining activities on 10 million acres of public and National Forest System Lands, including the Gold Creek Property, in order to protect the greater sage-grouse and its habitat from adverse effects of locatable mineral exploration and mining activities, subject to valid existing rights (the Land Freeze). Due to the Land Freeze, the Company has not been able to have the title to the Gold Creek Property transferred into the Companys name or to conduct any activities on the Gold Creek Property. On October 31, 2015 the Company recorded an impairment of $15,000 due the Land Freeze. |
Common Stock
Common Stock | 3 Months Ended |
Jan. 31, 2016 | |
Equity [Abstract] | |
Common Stock | NOTE 7 COMMON STOCK On November 17, 2015, the Company, authorized a fifteen-for-one (15:1) forward stock split of the Companys common stock, par value $0.001 per share without changing the authorized number or par value of the Common Stock and with fractional shares resulting from the Forward Split being rounded up to the nearest whole number. The Forward Split became effective on November 25, 2015. As a result of the Forward Split, the number of the Companys issued and outstanding shares of Common Stock were increased from 8,430,000 to 126,450,000. The amounts are being presented retroactive in the financial statements at January 31, 2016. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Jan. 31, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 8 SUBSEQUENT EVENTS On March 22, 2016, we sold Craigstone Ltd. a promissory note in the principal amount of $20,000, bearing interest at the rate of 5% per annum and maturing on the first anniversary of the date of issuance. The Company may prepay any or all of the outstanding principal of the promissory note at any time without penalty and shall be accompanied by payment of the accrued interest on the amount prepaid. The promissory note automatically becomes due upon an event of default, including breach, default, bankruptcy and sale. |
Significant Accounting Polici14
Significant Accounting Policies (Policies) | 3 Months Ended |
Jan. 31, 2016 | |
Accounting Policies [Abstract] | |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. As of January 31, 2016 and October 31, 2015, there were no cash equivalents. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Impairment of Long Lived Assets | Impairment of Long Lived Assets The Company tests its assets for recoverability whenever events or changes in circumstances indicate that the related carrying amount may not be recoverable, which includes comparing the carrying amount of a long-lived asset to the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. An impairment loss would be measured as the amount by which the carrying amount of a long-lived asset exceeds its fair value. For the Companys mining claims, this test includes examining the discounted and undiscounted cash flows associated with value beyond proven and probable reserves, in determining whether the mining claim is impaired. |
Start-up Expenses | Start-up Expenses The Company expenses costs associated with start-up activities as incurred. Accordingly, start-up costs associated with the Companys formation have been included in the Companys general and administrative expenses. |
Mining Interests and Exploration Expenditures | Mining Interests and Exploration Expenditures Exploration costs are expensed in the period in which they occur. The Company capitalizes costs for acquiring and leasing mineral properties and expenses costs to maintain mineral rights as incurred. Should a property reach the production stage, these capitalized costs would be amortized using the units-of-production method on the basis of periodic estimates of ore reserves. Mineral interests are periodically assessed for impairment of value, and any subsequent losses are charged to operations at the time of impairment. If a property is abandoned or sold, its capitalized costs are charged to operations. |
Income Taxes | Income Taxes The Company utilizes FASB ACS 740, Income Taxes The accounting guidance for uncertainties in income tax prescribes a comprehensive model for the financial statement recognition, measurement, presentation, and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. The Company recognizes a tax benefit from an uncertain tax position in the financial statements only when it is more likely than not that the position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits and a consideration of the relevant taxing authoritys widely understood administrative practices and precedents. Interest and penalties on tax deficiencies recognized in accordance with ACS accounting standards are classified as income taxes in accordance with ASC Topic 740-10-50-19. We have implemented certain provisions of ASC 740, Income Taxes (ASC 740), which clarifies the accounting and disclosure for uncertain tax positions, as defined. ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. We adopted the provisions of ASC 740 and have analyzed filing positions in United States jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. We have identified the United States as our major tax jurisdiction. Generally, we remain subject to United States examination of our income tax returns. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), Fair Value Measurements and Disclosures FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value: ● Level 1: Quoted prices in active markets for identical assets or liabilities ● Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. ● Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. |
Basic and Diluted Loss Per Share | Basic and Diluted Loss Per Share Net loss per share is calculated in accordance with FASB ASC 260, Earnings Per Share |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its condensed consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, Compensation - Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period. This ASU provides more explicit guidance for treating share-based payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service period as a performance condition. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on the consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements Going Concern (Topic 205-40), which requires management to evaluate whether there is substantial doubt about an entitys ability to continue as a going concern for each annual and interim reporting period. If substantial doubt exists, additional disclosure is required. This new standard will be effective for the Company for annual and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company adopted this new standard for the fiscal year ending December 31, 2014. In April 2015, the FASB issued ASU 2015-3, Interest - Imputation of Interest (Subtopic 835-30), related to the presentation of debt issuance costs. This standard will require debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct deduction from the debt liability rather than as an asset. These costs will continue to be amortized to interest expense using the effective interest method. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015, and retrospective adoption is required. We will adopt this pronouncement for our year beginning January 1, 2016. We do not expect this pronouncement to have a material effect on our consolidated financial statements |
Organization and Basis of Pre15
Organization and Basis of Presentation (DetailsNarrative) | Oct. 01, 2014USD ($) | Sep. 30, 2015a |
Gold Exploration Management Services, Inc [Member] | ||
Purchase agreement description | Purchase Agreement with Gold Exploration Management Services, Inc. (Gold Exploration) pursuant to which the Company purchased 100% of Golds Explorations interest in one claim block of 11 claims or 220 acres, in Elko County, Nevada (the Gold Creek Property) for $15,000. | |
Purchase interest rate percentage | 100.00% | |
Purchase rate | $ | $ 15,000 | |
Interior for Land and Minerals Management [Member] | ||
Imposed a prohibition on mining activities | a | 10,000,000 |
Significant Accounting Polici16
Significant Accounting Policies (Details Narrative) - USD ($) | Jan. 31, 2016 | Oct. 31, 2015 |
Accounting Policies [Abstract] | ||
Cash equivalents |
Loan from Related Party (Detail
Loan from Related Party (Details Narrative) - USD ($) | Sep. 30, 2015 | Jan. 31, 2016 | Jan. 31, 2015 | Oct. 31, 2015 |
Advance from related party | $ 597 | $ 24,656 | ||
Related party description | The advance is unsecured, non-interest bearing and is due upon demand giving 30 days written notice to the borrower. | |||
Debt instrument, ownership percentage | 71.70% | |||
Loan from related party | $ 24,656 | $ 24,656 | ||
Maverick, LLC [Member] | ||||
Outstanding debt owed the Selling Stockholders by the Company | 90,000,000 | |||
Debt instrument, face amount | $ 24,656 | |||
Debt instrument, ownership percentage | 100.00% |
Notes Payable (Details Narrativ
Notes Payable (Details Narrative) - USD ($) | Mar. 22, 2016 | Nov. 16, 2015 | Sep. 09, 2015 | Jan. 31, 2016 | Oct. 31, 2015 |
Debt instrument, Interest rate | 71.70% | ||||
Accrued interest | $ 579 | $ 175 | |||
Backenald Corp [Member] | |||||
Promissory note, principal amount | $ 20,000 | ||||
Debt instrument, Interest rate | 5.00% | ||||
Debt instrument, maturity date, description | Maturing on the first anniversary of the date of issuance | ||||
Craigstone [Member] | |||||
Promissory note, principal amount | $ 20,000 | $ 20,000 | |||
Debt instrument, Interest rate | 5.00% | 5.00% | |||
Debt instrument, maturity date, description | maturing on the first anniversary of the date of issuance | Maturing on the first anniversary of the date of issuance | |||
Accrued interest | $ 333 |
Deposit on Mineral Property A19
Deposit on Mineral Property Acquisition (Details Narrative) | Oct. 01, 2014USD ($)Claims | Oct. 31, 2015USD ($) | Sep. 30, 2015a |
Impairment of mineral property | $ 15,000 | ||
Gold Exploration Management Services, Inc [Member] | |||
Number of claims purchase | Claims | 11 | ||
Deposit on mineral property acquisition | $ 15,000 | ||
Interior for Land and Minerals Management [Member] | |||
Imposed a prohibition on mining activities | a | 10,000,000 |
Common Stock (Details Narrative
Common Stock (Details Narrative) - $ / shares | Nov. 17, 2015 | Jan. 31, 2016 | Oct. 31, 2015 |
Stock split | fifteen-for-one (15:1) | ||
Common stock, par value | $ 0.001 | $ 0.001 | $ 0.001 |
Common Stock, shares isssued | 126,450,000 | 126,450,000 | |
Common Stock, outstanding | 126,450,000 | 126,450,000 | |
Minimum [Member] | |||
Common Stock, shares isssued | 8,430,000 | ||
Common Stock, outstanding | 8,430,000 | ||
Maximum [Member] | |||
Common Stock, shares isssued | 126,450,000 | ||
Common Stock, outstanding | 126,450,000 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - USD ($) | Mar. 22, 2016 | Nov. 16, 2015 | Jan. 31, 2016 |
Debt instrument, Interest rate | 71.70% | ||
Craigstone [Member] | |||
Promissory note, principal amount | $ 20,000 | $ 20,000 | |
Debt instrument, Interest rate | 5.00% | 5.00% | |
Debt instrument, maturity date, description | maturing on the first anniversary of the date of issuance | Maturing on the first anniversary of the date of issuance |