2016 Q2 Form 10-K Financial Statement
#000114420416105671 Filed on May 31, 2016
Income Statement
Concept | 2016 Q2 | 2015 Q1 | 2015 |
---|---|---|---|
Revenue | $3.474K | $0.00 | $14.26K |
YoY Change | -5.19% | -100.0% | |
Cost Of Revenue | $1.564K | $0.00 | $6.906K |
YoY Change | -2.74% | -100.0% | |
Gross Profit | $1.910K | $0.00 | $7.353K |
YoY Change | -7.1% | -100.0% | |
Gross Profit Margin | 54.98% | 51.57% | |
Selling, General & Admin | $10.00K | $0.00 | $83.12K |
YoY Change | 0.0% | 315.6% | |
% of Gross Profit | 523.56% | 1130.42% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $8.039K | $10.00K | $83.12K |
YoY Change | 7.49% | -34.85% | 315.61% |
Operating Profit | -$6.129K | -$10.00K | -$75.77K |
YoY Change | 13.02% | -31.99% | 278.84% |
Interest Expense | $104.00 | $0.00 | $264.00 |
YoY Change | 50.72% | -100.0% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$104.00 | -$264.00 | |
YoY Change | 50.72% | ||
Pretax Income | -$10.00K | $0.00 | -$76.03K |
YoY Change | 82.08% | -100.0% | 660.32% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$6.233K | $0.00 | -$76.03K |
YoY Change | 13.49% | -100.0% | 660.32% |
Net Earnings / Revenue | -179.42% | -533.22% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$3.876K | $0.00 | -$31.70K |
COMMON SHARES | |||
Basic Shares Outstanding | 10.31M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2016 Q2 | 2015 Q1 | 2015 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $0.00 | $0.00 | $1.030K |
YoY Change | |||
Cash & Equivalents | |||
Short-Term Investments | |||
Other Short-Term Assets | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Inventory | |||
Prepaid Expenses | $0.00 | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $474.00 | $1.030K | $1.030K |
YoY Change | -59.38% | -88.16% | -89.7% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $474.00 | $1.030K | $1.030K |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $474.00 | $1.030K | $1.030K |
YoY Change | -59.38% | -88.16% | -89.7% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $20.00K | $20.00K | $23.05K |
YoY Change | 0.0% | ||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $30.00K | $20.00K | $17.50K |
YoY Change | 50.0% | -12.5% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $44.36K | $40.55K | $40.55K |
YoY Change | -3.94% | 79.94% | 102.75% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $44.36K | $40.55K | $40.55K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $40.00K | $40.00K | $40.55K |
YoY Change | -20.0% | 102.75% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$110.1K | -$90.77K | |
YoY Change | 14.41% | 515.79% | |
Common Stock | $1.031K | $1.001K | |
YoY Change | 3.0% | 11.22% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$48.70K | -$39.52K | -$39.52K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $474.00 | $1.030K | $1.030K |
YoY Change | -59.38% | -88.16% | -89.7% |
Cashflow Statement
Concept | 2016 Q2 | 2015 Q1 | 2015 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$6.233K | $0.00 | -$76.03K |
YoY Change | 13.49% | -100.0% | 660.32% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $0.00 | $0.00 | -$46.73K |
YoY Change | -100.0% | 133.65% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $50.35K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 0.000 | $45.31K |
YoY Change | -100.0% | -100.0% | 126.57% |
NET CHANGE | |||
Cash From Operating Activities | 0.000 | 0.000 | -46.73K |
Cash From Investing Activities | |||
Cash From Financing Activities | 0.000 | 0.000 | $45.31K |
Net Change In Cash | 0.000 | 0.000 | $45.31K |
YoY Change | -100.0% | -100.0% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $0.00 | $0.00 | -$46.73K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2016 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-02-29 | |
CY2016 | dei |
Document Type
DocumentType
|
10-K | |
CY2016 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2016 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2016 | dei |
Entity Registrant Name
EntityRegistrantName
|
Property Management Corp of America | |
CY2016 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001602409 | |
CY2016 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--02-29 | |
CY2016 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | |
CY2016 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2016 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2016 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2016 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
CY2014Q3 | dei |
Entity Public Float
EntityPublicFloat
|
0 | USD |
CY2016 | dei |
Trading Symbol
TradingSymbol
|
PPTG | |
CY2016Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
10307000 | shares |
CY2016Q1 | us-gaap |
Cash
Cash
|
2154 | USD |
CY2015Q1 | us-gaap |
Cash
Cash
|
1030 | USD |
CY2016Q1 | us-gaap |
Assets
Assets
|
2154 | USD |
CY2015Q1 | us-gaap |
Assets
Assets
|
1030 | USD |
CY2016Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
12310 | USD |
CY2015Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
23053 | USD |
CY2016Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
27500 | USD |
CY2015Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
17500 | USD |
CY2016Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
39810 | USD |
CY2015Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
40553 | USD |
CY2016Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2154 | USD |
CY2015Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1030 | USD |
CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-37656 | USD |
CY2015Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-39523 | USD |
CY2016Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-103906 | USD |
CY2015Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-90773 | USD |
CY2016Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
65219 | USD |
CY2015Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
50249 | USD |
CY2016Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
1031 | USD |
CY2015Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
1001 | USD |
CY2016Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-23876 | USD |
CY2015Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016 | us-gaap |
Revenues
Revenues
|
14558 | USD |
CY2015 | us-gaap |
Revenues
Revenues
|
14259 | USD |
CY2016 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
6551 | USD |
CY2015 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
6906 | USD |
CY2016 | us-gaap |
Gross Profit
GrossProfit
|
8007 | USD |
CY2015 | us-gaap |
Gross Profit
GrossProfit
|
7353 | USD |
CY2016 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-12790 | USD |
CY2015 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-75768 | USD |
CY2016 | us-gaap |
Operating Expenses
OperatingExpenses
|
20797 | USD |
CY2015 | us-gaap |
Operating Expenses
OperatingExpenses
|
83121 | USD |
CY2016 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
4200 | USD |
CY2015 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
4200 | USD |
CY2016 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
14796 | USD |
CY2015 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2985 | USD |
CY2016 | us-gaap |
Professional Fees
ProfessionalFees
|
1801 | USD |
CY2015 | us-gaap |
Professional Fees
ProfessionalFees
|
75936 | USD |
CY2016 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
10214123 | shares |
CY2015 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
9593123 | shares |
CY2016 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
CY2015 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
CY2016 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13133 | USD |
CY2015 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-76032 | USD |
CY2016 | us-gaap |
Interest Expense
InterestExpense
|
343 | USD |
CY2015 | us-gaap |
Interest Expense
InterestExpense
|
264 | USD |
CY2014Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-13841 | USD |
CY2015 | pptg |
Stockissued During Period Value Issued For Cash Consideration
StockissuedDuringPeriodValueIssuedForCashConsideration
|
50350 | USD |
CY2016 | pptg |
Stockissued During Period Value Issued For Cash Consideration
StockissuedDuringPeriodValueIssuedForCashConsideration
|
15000 | USD |
CY2016 | us-gaap |
Interest Paid
InterestPaid
|
343 | USD |
CY2015 | us-gaap |
Interest Paid
InterestPaid
|
264 | USD |
CY2016 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2015 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2014Q1 | us-gaap |
Cash
Cash
|
2446 | USD |
CY2016 | us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
1124 | USD |
CY2015 | us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
-1416 | USD |
CY2016 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
25000 | USD |
CY2015 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
45313 | USD |
CY2016 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
0 | USD |
CY2015 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-6250 | USD |
CY2016 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-10743 | USD |
CY2015 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
23053 | USD |
CY2015 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-46729 | USD |
CY2016 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
10000 | USD |
CY2015 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
35000 | USD |
CY2016 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
15000 | USD |
CY2015 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
50350 | USD |
CY2016 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>Note 1 - Organization and Operations</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <font style="BACKGROUND-COLOR: transparent"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="BACKGROUND-COLOR: transparent"><font style="BACKGROUND-COLOR: transparent">Property Management Corporation of America (the “Company”) was incorporated on January 23, 2014 under the laws of the State of Delaware. The Company offers management and consulting services to residential and commercial real estate property owners who rent or lease their property to third party tenants.</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="BACKGROUND-COLOR: transparent"> </font> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>Going Concern</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, during the year ended February 29, 2016, the Company incurred a net loss of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">13,133</font>, used cash in operations of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">23,876</font>, and at February 29, 2016, had a stockholders' deficit of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">37,656</font>. These factors raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company is attempting to generate sufficient revenue; however, the Company’s cash position may not be sufficient to support its daily operations. While the Company believes in the viability of its strategy to continue operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon its ability to further implement its business plan and generate sufficient revenue and in its ability to raise additional funds.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2016Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2015Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2016Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2016Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2015Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2016Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
18000000 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
18000000 | shares |
CY2016Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10307000 | shares |
CY2016Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
10307000 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10007000 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
10007000 | shares |
CY2016 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | USD |
CY2015 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
40037 | USD |
CY2016 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="BACKGROUND-COLOR: transparent"><i><u> Use of Estimates</u></i></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="BACKGROUND-COLOR: transparent">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="BACKGROUND-COLOR: transparent">The 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 the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Significant estimates include accounting for potential liabilities. Actual results could differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2016 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="BACKGROUND-COLOR: transparent"><i><u> Concentrations of Risk</u></i></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="BACKGROUND-COLOR: transparent">For the years ended February 29, 2016 and February 28, 2015, we derived 100% of our revenue from the management of two properties under management services contracts. These properties are owned in part by the Chairman and acting Chief Executive Officer, President and Chief Financial Officer of the Company.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2014Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
22500 | USD |
CY2015 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
35500 | USD |
CY2016 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
10000 | USD |
CY2016Q1 | us-gaap |
Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
|
35328 | USD |
CY2015Q1 | us-gaap |
Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
|
30863 | USD |
CY2016Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
|
35328 | USD |
CY2015Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
|
30863 | USD |
CY2016Q1 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
0 | USD |
CY2015Q1 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
0 | USD |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.340 | pure |
CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.340 | pure |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.340 | pure |
CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.340 | pure |
CY2016 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0 | pure |
CY2015 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0 | pure |
CY2016 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2014-01-23 | |
CY2016 | dei |
Entity Incorporation State Country Name
EntityIncorporationStateCountryName
|
Delaware |