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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/02/15 3D Makerjet, Inc. 10-K 7/31/15 50:2.4M Action Edgar Fil… Svc/FA |
Document/Exhibit Description Pages Size 1: 10-K Form 10-K Annual Report HTML 240K 2: EX-23.1 Exhibit 23.1 Auditor's Consent HTML 15K 3: EX-31.1 Exhibit 31.1 Section 302 Certification HTML 23K 4: EX-31.2 Exhibit 31.2 Section 302 Certification HTML 23K 5: EX-32.1 Exhibit 32.1 Section 906 Certification HTML 16K 32: R1 Document and Entity Information HTML 45K 22: R2 Consolidated Balance Sheets HTML 74K 30: R3 Summarizes the estimated fair values of the assets HTML 29K and Liabilities (Details) 34: R4 Consolidated Balance Sheets Parentheticals HTML 41K 46: R5 Consolidated Statements of Operations HTML 57K 23: R6 Consolidated Statements of Stockholders' Deficit HTML 38K 29: R7 Consolidated Statements of Cash Flows HTML 83K 20: R8 Organization HTML 20K 15: R9 Summary of Significant Accounting Policies HTML 36K 47: R10 Going Concern HTML 18K 36: R11 Property and Equipment HTML 27K 35: R12 Acquisition HTML 67K 40: R13 Promissory Notes HTML 42K 41: R14 Stockholders' Deficit HTML 25K 39: R15 Income Taxes HTML 33K 42: R16 Commitments and Contingencies HTML 26K 31: R17 Subsequent Events HTML 18K 33: R18 Accounting Policies (Policies) HTML 82K 38: R19 Property and Equipment (Tables) HTML 26K 50: R20 Acquisition (Tables) HTML 63K 44: R21 Promissory Notes (Tables) HTML 39K 26: R22 Income Taxes (Tables) HTML 33K 37: R23 Commitments and Contingencies (Tables) HTML 24K 28: R24 Equity transactions (Details) HTML 21K 14: R25 Equipment (Details) HTML 17K 45: R26 Going concern (Details) HTML 18K 48: R27 Property And Equipment (Details) HTML 21K 17: R28 Depreciation (Details) HTML 17K 16: R29 Acquisition (Details) HTML 17K 18: R30 Convertible promissory notes (Narrative) (Details) HTML 31K 19: R31 Convertible promissory notes (Details) HTML 26K 21: R32 Non-Convertible Notes (Details) HTML 19K 13: R33 Deferred Tax Assets (Details) HTML 20K 43: R34 Rent (Details) HTML 18K 25: R35 Commitments And Contingencies (Details) HTML 22K 27: R36 Convertible promissory notes Parentheticals HTML 24K (Details) 49: XML IDEA XML File -- Filing Summary XML 80K 12: EXCEL IDEA Workbook of Financial Reports XLSX 38K 8: EX-101.INS XBRL Instance -- dmjt-20150731 XML 423K 6: EX-101.CAL XBRL Calculations -- dmjt-20150731_cal XML 32K 7: EX-101.DEF XBRL Definitions -- dmjt-20150731_def XML 63K 9: EX-101.LAB XBRL Labels -- dmjt-20150731_lab XML 435K 10: EX-101.PRE XBRL Presentations -- dmjt-20150731_pre XML 272K 11: EX-101.SCH XBRL Schema -- dmjt-20150731 XSD 113K 24: ZIP XBRL Zipped Folder -- 0001078782-15-001711-xbrl Zip 53K
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<us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0in 0pt'><b>NOTE 1 – ORGANIZATION</b></p> <p style='margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>3D MakerJet, Inc. (“3D MakerJet” or the “Company”), formerly known as American Business Change Agents, Inc., was incorporated under the laws of the State of Nevada on January 12, 2009. </p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>On May 4, 2014, the name of the Company was changed to 3D MakerJet, Inc.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company is developing a business plan focused on the sale of 3D printers, scanners, and ancillary equipment. </p> </us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock> | |||||||||||||||||||||
<us-gaap:SignificantAccountingPoliciesTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0in 0pt'><b>NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p> <p style='margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i>Accounting Basis</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>These financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). </p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i>Use of Estimates</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. GAAP 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.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Fair Value Measurements</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Accounting Standards Codification (“ASC”) 820-10, Fair Value Measurements, defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair value measurements. Fair value is defined under ASC 820-10 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the Note principal or the most advantageous market for an asset or liability in an orderly transaction between participants on the measurement date. Valuation techniques used to measure fair value under ASC 820-10 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on the levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>• Level 1 - Quoted prices in active markets for identical assets or liabilities.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>• Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>• Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i>Cash Equivalents</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i>Inventory</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Inventory is valued at cost using the first-in, first-out cost flow assumption. All inventories consist of finished products ready for sale.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i>Extinguishment of Debt</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company accounts for debt extinguishment pursuant FASB ASC 470-50-40 Debt Modifications and Extinguishments – De-recognition which provides that the net carrying amount of extinguished debt shall be recognized currently in income of the period of extinguishment as losses or gains and moreover, extinguishment transaction between related entities can be in capital transaction and should be identified as a separate item.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i>Beneficial Conversion Features</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>From time to time, the Company may issue convertible notes that may contain a beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method. In accordance with authoritative standards the intrinsic value has been calculated upon the last common stock transaction value that took place prior to the issuance of each convertible note. </p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i>Revenue Recognition</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned less an amount for estimated future doubtful accounts. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) the seller has transferred to the buyer the significant risks and rewards of ownership of the goods; (ii) the seller does not retain continuing managerial involvement to the degree usually associated with ownership or effective control over the goods sold; (iii) the amount of revenue can be measured reliably; (iv) it is probable that the economic benefits associated with the transaction will flow to the seller; and (v) any costs incurred or to be incurred related to the sale can be measured reliably.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i>Income Taxes</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company accounts for income taxes pursuant to FASB ASC 740—Income Taxes, which requires recognition of deferred income tax assets and liabilities for the expected future tax consequences of events that have been recognized in the financial statements or tax returns. The Company provides for deferred taxes on temporary differences between the financial statements and tax basis of assets using the enacted tax rates that are expected to apply to taxable income when the temporary differences are expected to reverse.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>FASB ASC 740 establishes a more-likely-than-not threshold for recognizing the benefits of tax return positions in the financial statements. Also, the statement implements a process for measuring those tax positions that meet the recognition threshold of being ultimately sustained upon examination by the taxing authorities. There are no uncertain tax positions taken by the Company on its tax returns. The Company files tax returns in the U.S. and states in which it has operations and is subject to taxation. Tax years subsequent to the 2011 tax year ended July 31, 2012 remain open to examination by U.S. federal and state tax jurisdictions.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i>Fair Value of Financial Instruments</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>3D MakerJet’s financial instruments consist of accounts payable, accrued liabilities, short-term and long-term debt. The carrying amount of payables approximates fair value because of the short-term nature of these items. The carrying amount of short-term and long-term debt approximates fair value due to the relationship between the interest rate on debt and 3D MakerJet’s incremental risk adjusted borrowing rate.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><i>Commitments and Contingencies</i></p> <p style='margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i>Net Loss Per Common Share</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of July 31, 2015 or 2014. There are no shares included in the earnings per share calculation for the years ended July 31, 2015 or 2014 related to the Company's convertible note outstanding because the Company’s average stock price did not exceed the conversion price, and accordingly, there is no conversion spread. The Company has incurred losses for all periods, the impact of the common stock equivalents would be antidilutive and therefore are not included in the calculation.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><i>Equipment</i></p> <p style='margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Equipment is recorded at cost and depreciated or amortized using the straight-line method over the estimated useful life of the asset or the underlying lease term for leasehold improvements, whichever is shorter. The estimated useful life by asset description is noted in the following table:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr> <td valign="bottom" width="192" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:2in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>Asset Description</b></p></td> <td valign="top" width="16" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:11.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="96" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Estimated Useful</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Life (years)</b></p></td></tr> <tr> <td valign="top" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:2in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Showroom equipment</p></td> <td valign="top" width="16" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:11.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="96" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2</p></td></tr></table></div> <p style='margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Additions are capitalized and maintenance and repairs are charged to expense as incurred. Gains and losses on dispositions of equipment are reflected in other income.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i>Recently Issued Accounting Standards</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) - Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 amends previous guidance to require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The Company did not have any debt issuance costs by the end of its third quarter for fiscal year 2015, but plans to adopt ASU No. 2015-03 regarding the</p> <p style='text-align:justify;margin:0in 0in 0pt'>presentation of debt issuance costs for fiscal year 2016.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Subsequent Events</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company evaluates subsequent events from the date of the balance sheet through the date when the financial statements are issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them with the SEC on the EDGAR system.</p> <p style='margin:0in 0in 0pt'> </p> </us-gaap:SignificantAccountingPoliciesTextBlock> | |||||||||||||||||||||
<fil:GoingConcernTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0in 0pt'><b>NOTE 3 – GOING CONCERN</b></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company was formed in January 2009. It has incurred cumulative losses since inception, has a negative working capital of $348,830 and an accumulated deficit of $997,540 at July 31, 2015, and has had recurring negative cash flows from operations. While the Company is attempting to raise both debt and equity capital, expand operations and produce revenues, the Company’s cash position may not be significant enough to support the company’s daily operations. Management intends to seek funds from outside business contacts as needed. There can be no assurances to that its business plan will succeed. Accordingly, there is doubt that the Company will be able to realize its assets and liquidate its liabilities in the normal course of business operations. </p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</p> </fil:GoingConcernTextBlock> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><b>NOTE 4 – PROPERTY AND EQUIPMENT</b></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='margin:0in 0.55in 0pt 0in'>Property and equipment consists of the following at July 31, 2015 and 2014:</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr> <td valign="top" width="288" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:3in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="96" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2015</b></p></td> <td valign="top" width="27" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.5pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'> </p></td> <td valign="top" width="96" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2014</b></p></td></tr> <tr> <td valign="top" width="288" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:3in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="96" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="27" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.5pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="96" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td></tr> <tr> <td valign="top" width="288" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:3in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>3D Printers and scanning equipment</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="96" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>27,333</p></td> <td valign="bottom" width="27" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.5pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="96" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>27,333</p></td></tr> <tr> <td valign="top" width="288" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:3in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Less: accumulated depreciation and amortization</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="96" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(17,036)</p></td> <td valign="bottom" width="27" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.5pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="96" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(3,370)</p></td></tr> <tr> <td valign="top" width="288" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:3in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Property and equipment, net</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="96" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>10,297</p></td> <td valign="bottom" width="27" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.5pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="96" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>23,963</p></td></tr></table></div> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Depreciation expense for the years ended July 31, 2015 and 2014 amounted to $13,666 and $3,370, respectively.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> </us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock> | |||||||||||||||||||||
<us-gaap:BusinessCombinationDisclosureTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><b>NOTE 5 – ACQUISITION</b></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>On November 5, 2014, the Company entered into a Share Exchange Agreement (the “Exchange Agreement”) with 3D MakerJet Asia Ltd., a company formed under the Laws of Hong Kong (“3D MakerJet Asia”) and the shareholder of 3D MakerJet Asia. As a result of the transaction (the “Exchange”), 3D MakerJet Asia became a wholly-owned subsidiary of the Company. In accordance with the terms of the Exchange Agreement, at the closing, an aggregate of 26,000,000 shares of the Company’s common stock were issued to the holder of 3D MakerJet Asia’s common stock in exchange for his shares of 3D MakerJet Asia.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the above referenced transaction:</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="285" style='width:213.4pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>Category</b></p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Cash</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>1,156</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Inventory</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>911</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Due from related party</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>62,986</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> Total assets acquired</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>65,053</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Accrued interest</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>3,407</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Convertible notes, net</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>21,489</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> Total liabilities assumed</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>24,896</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Net assets acquired</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="65" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>40,157</p></td></tr></table></div> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Pro-forma operating results, if the acquisition had taken place on August 1, 2014, the beginning of the earliest period presented, would be as follows:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="532" style='width:399pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="bottom" width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="183" colspan="3" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:137.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Years Ended July 31,</b></p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>2015</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>2014</b></p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>REVENUES</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>20,091</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>COST OF REVENUES</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(10,865)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>GROSS PROFIT</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>9,226</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>OPERATING EXPENSES</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt 8.1pt'>General and administrative</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>84,576</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>212,949</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt 8.1pt'>Compensation</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>165,834</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>13,239</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt 8.1pt'>Professional fees</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>156,718</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>TOTAL OPERATING EXPENSES</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>407,128</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>226,188</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>LOSS FROM OPERATIONS</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(397,902)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(226,188)</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>OTHER INCOME (EXPENSE)</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt 8.1pt'>Gain on forgiveness of debt</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>48,287</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt 8.1pt'>Interest expense</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(307,192)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(26,634)</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>TOTAL OTHER INCOME (EXPENSE)</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(307,192)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>21,653</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>PROVISION FOR INCOME TAXES</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>NET LOSS</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(705,094)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(204,535)</p></td></tr></table></div> <p style='text-align:justify;margin:0in 0in 0pt'> </p> </us-gaap:BusinessCombinationDisclosureTextBlock> | |||||||||||||||||||||
<us-gaap:DebtDisclosureTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><b>NOTE 6 – PROMISSORY NOTES</b></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'><i><u>CONVERTIBLE PROMISSORY NOTES</u></i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>On various dates from June 16, 2014 through July 20, 2015, the Company issued convertible promissory notes totaling $638,678, including $237,631 to an employee. Of this amount, $239,178 was recorded during the year ended July 31, 2014, and $399, 500, including $62,000 from the acquisition of 3D MakerJet Asia, was recorded during the year ended July 31, 2015. At the time of issuance, the notes were evaluated and were determined to contain a beneficial conversion feature. As a result, a discount on convertible promissory notes totaling $532,775, including $189,348 to the employee, was recorded with a corresponding credit to additional paid-in capital. Accumulated discount amortization for the year ended July 31, 2015 amounted to $253,065. Discount amortization, totaling $21,489, was recorded on the books of 3D MakerJet Asia through the date of acquisition of November 5, 2014. The net convertible note balance of $21,489 was included in the acquisition described in Note 5.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="625" style='width:468.5pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Balance,</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Balance,</b></p></td></tr> <tr style='height:0.1in'> <td width="398" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Description</b></p></td> <td width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="92" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2015</b></p></td> <td width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="93" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2014</b></p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>35 convertible promissory notes, in amounts ranging from $2,500 to $131,631, all maturing within one year except 7 notes, bearing interest at 15% per annum, convertible into common stock at the conversion price of $0.001 per share</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="92" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>638,678</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>239,178</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Original beneficial conversion feature discount</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(532,775)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(239,178)</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Discount amortization</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>253,065</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>15,743</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Unamortized discount</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(279,710)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(223,435)</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Net</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="92" style='border-bottom:windowtext 2.25pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>358,968</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="93" style='border-bottom:windowtext 2.25pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>15,743</p></td></tr></table></div> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Presented in the balance sheet as:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="635" style='width:476.4pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="top" width="409" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:307pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'> </p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Description</b></p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'> </p></td> <td valign="top" width="91" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.25pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Balance</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2015</b></p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'> </p></td> <td valign="top" width="93" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.55pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Balance </b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2014</b></p></td></tr> <tr style='height:0.1in'> <td valign="top" width="409" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:307pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Short-term</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="91" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.25pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p> <p align="right" style='text-align:right;margin:0in 0in 0pt'>297,966</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.55pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p> <p align="right" style='text-align:right;margin:0in 0in 0pt'>15,743</p></td></tr> <tr style='height:0.1in'> <td valign="top" width="409" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:307pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Long-term</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="91" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.25pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>61,002</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="93" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.55pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td valign="top" width="409" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:307pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Total</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="91" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.25pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>358,968</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="93" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.55pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>15,743</p></td></tr></table></div> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><i><u>NON-CONVERTIBLE NOTES</u></i></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On various dates from December 15, 2014 through July 13, 2015, the Company received $43,000 of cash proceeds through the issuance of three non-convertible promissory notes bearing interest at 5% per annum over the term. </p> <p style='margin:0in 0in 0pt'> </p> </us-gaap:DebtDisclosureTextBlock> | |||||||||||||||||||||
<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0in 0pt'><b>NOTE 7 – STOCKHOLDERS’ DEFICIT</b></p> <p style='margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>On September 30, 2014, our board of directors and majority shareholder approved a twenty-six for one (26:1) forward split of our issued and outstanding common stock. The total number of authorized shares was not changed. All share and per share information has been retroactively adjusted to reflect the forward split in the financial statements and in the notes to the financial statements for all periods presented, as if it occurred at beginning of the comparable year.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>On various dates during the year ended July 31, 2015, the Company recorded increases totaling $231,597 to additional paid-in capital related to beneficial conversion feature on convertible promissory notes.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>On November 5, 2014, 26,000,000 shares of the Company’s common stock were issued to the holder of 3D MakerJet Asia’s common stock in exchange for his shares of 3D MakerJet Asia (see Note 5).</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> </us-gaap:StockholdersEquityNoteDisclosureTextBlock> | |||||||||||||||||||||
<us-gaap:IncomeTaxDisclosureTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><b>NOTE 8 – INCOME TAXES</b></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>At July 31, 2015, the Company had unused federal and state net operating loss carryforwards available of approximately $522,543, which may be applied against future taxable income, if any, and which expire in various years through 2035.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>This loss carry forward expires according to the following schedule:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="263" style='width:197pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="bottom" width="157" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:118pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Year Ending</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31,</b></p></td> <td valign="bottom" width="41" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:31pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="64" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>Amount</b></p></td> <td height="10" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="157" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:118pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="41" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:31pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="64" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td height="10" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr> <tr style='height:11.5pt'> <td valign="bottom" rowspan="2" width="157" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:118pt;padding-right:5.4pt;height:11.5pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2034</p></td> <td valign="bottom" rowspan="2" width="41" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:31pt;padding-right:5.4pt;height:11.5pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" rowspan="2" width="64" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48pt;padding-right:5.4pt;height:11.5pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>125,121</p></td> <td height="15" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:11.5pt;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr> <tr style='height:11.5pt'> <td height="15" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:11.5pt;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="157" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:118pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2035</p></td> <td valign="bottom" width="41" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:31pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="64" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>397,422</p></td> <td height="10" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="157" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:118pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Total</p></td> <td valign="bottom" width="41" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:31pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="64" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>522,543</p></td> <td height="10" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr></table></div> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company’s deferred tax assets as of July 31, 2015 and 2014 are as follows:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="413" style='width:309.7pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="bottom" width="219" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:164pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="75" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:55.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>2015</b></p></td> <td width="22" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:16.3pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="77" colspan="2" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:57.7pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>2014</b></p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="219" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:164pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Benefit from net operating losses</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="75" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:55.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>182,890</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="76" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:56.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>43,792</p></td> <td width="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="219" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:164pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Valuation allowance</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="75" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:55.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(182,890)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="76" colspan="2" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:56.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(43,792)</p></td> <td width="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="219" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:164pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Net tax expense</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="75" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:55.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="76" colspan="2" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:56.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td width="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td></tr></table></div> </us-gaap:IncomeTaxDisclosureTextBlock> | |||||||||||||||||||||
<us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0in 0pt'><b>NOTE 9 – COMMITMENTS AND CONTINGENCIES</b></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company leases office space at 4303 Vineland Rd. F2, Orlando, Florida 32011. The term of the lease is June 1, 2014 through August 31, 2017.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company accounts for the lease on the straight-line basis and is recording monthly rent expense of $2,045. Total rent expense for the year ended July 31, 2015 was $24,544.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Minimum future lease commitments are as follows:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:0.1in'> <td valign="top" width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Year Ending</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31,</b></p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="83" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Amount</b></p></td></tr> <tr style='height:0.1in'> <td valign="top" width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'> </p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="83" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td></tr> <tr style='height:0.1in'> <td width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2016</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="83" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>26,518</p></td></tr> <tr style='height:0.1in'> <td width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2017</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="83" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>27,313</p></td></tr> <tr style='height:0.1in'> <td width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2018</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="83" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>2,332</p></td></tr> <tr style='height:0.1in'> <td width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Total</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="83" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>56,163</p></td></tr></table></div> <p style='text-align:justify;margin:0in 0in 0pt'> </p> </us-gaap:CommitmentsAndContingenciesDisclosureTextBlock> | |||||||||||||||||||||
<us-gaap:SubsequentEventsTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><b>NOTE 10 – SUBSEQUENT EVENTS</b></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company has evaluated all events that occurred after the balance sheet date of July 31, 2015 through October 30, 2015, the date when the financial statements were issued. The Management of the Company determined that there were no reportable events that occurred during that subsequent period to be disclosed or recorded.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> </us-gaap:SubsequentEventsTextBlock> | |||||||||||||||||||||
<us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><i>Accounting Basis</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>These financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). </p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> </us-gaap:BasisOfAccountingPolicyPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:UseOfEstimates contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><i>Use of Estimates</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. GAAP 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.</p> </us-gaap:UseOfEstimates> | |||||||||||||||||||||
<us-gaap:FairValueMeasurementPolicyPolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'>Fair Value Measurements</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Accounting Standards Codification (“ASC”) 820-10, Fair Value Measurements, defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair value measurements. Fair value is defined under ASC 820-10 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the Note principal or the most advantageous market for an asset or liability in an orderly transaction between participants on the measurement date. Valuation techniques used to measure fair value under ASC 820-10 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on the levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>• Level 1 - Quoted prices in active markets for identical assets or liabilities.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>• Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>• Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> </us-gaap:FairValueMeasurementPolicyPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><i>Cash Equivalents</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.</p> </us-gaap:CashAndCashEquivalentsPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:InventoryPolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><i>Inventory</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Inventory is valued at cost using the first-in, first-out cost flow assumption. All inventories consist of finished products ready for sale.</p> </us-gaap:InventoryPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:DebtPolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><i>Extinguishment of Debt</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company accounts for debt extinguishment pursuant FASB ASC 470-50-40 Debt Modifications and Extinguishments – De-recognition which provides that the net carrying amount of extinguished debt shall be recognized currently in income of the period of extinguishment as losses or gains and moreover, extinguishment transaction between related entities can be in capital transaction and should be identified as a separate item.</p> </us-gaap:DebtPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:BusinessCombinationsPolicy contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><i>Beneficial Conversion Features</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>From time to time, the Company may issue convertible notes that may contain a beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method. In accordance with authoritative standards the intrinsic value has been calculated upon the last common stock transaction value that took place prior to the issuance of each convertible note. </p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> </us-gaap:BusinessCombinationsPolicy> | |||||||||||||||||||||
<us-gaap:RevenueRecognitionPolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><i>Revenue Recognition</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned less an amount for estimated future doubtful accounts. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) the seller has transferred to the buyer the significant risks and rewards of ownership of the goods; (ii) the seller does not retain continuing managerial involvement to the degree usually associated with ownership or effective control over the goods sold; (iii) the amount of revenue can be measured reliably; (iv) it is probable that the economic benefits associated with the transaction will flow to the seller; and (v) any costs incurred or to be incurred related to the sale can be measured reliably.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> </us-gaap:RevenueRecognitionPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:IncomeTaxPolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><i>Income Taxes</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company accounts for income taxes pursuant to FASB ASC 740—Income Taxes, which requires recognition of deferred income tax assets and liabilities for the expected future tax consequences of events that have been recognized in the financial statements or tax returns. The Company provides for deferred taxes on temporary differences between the financial statements and tax basis of assets using the enacted tax rates that are expected to apply to taxable income when the temporary differences are expected to reverse.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>FASB ASC 740 establishes a more-likely-than-not threshold for recognizing the benefits of tax return positions in the financial statements. Also, the statement implements a process for measuring those tax positions that meet the recognition threshold of being ultimately sustained upon examination by the taxing authorities. There are no uncertain tax positions taken by the Company on its tax returns. The Company files tax returns in the U.S. and states in which it has operations and is subject to taxation. Tax years subsequent to the 2011 tax year ended July 31, 2012 remain open to examination by U.S. federal and state tax jurisdictions.</p> </us-gaap:IncomeTaxPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:FairValueOfFinancialInstrumentsPolicy contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><i>Fair Value of Financial Instruments</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>3D MakerJet’s financial instruments consist of accounts payable, accrued liabilities, short-term and long-term debt. The carrying amount of payables approximates fair value because of the short-term nature of these items. The carrying amount of short-term and long-term debt approximates fair value due to the relationship between the interest rate on debt and 3D MakerJet’s incremental risk adjusted borrowing rate.</p> </us-gaap:FairValueOfFinancialInstrumentsPolicy> | |||||||||||||||||||||
<us-gaap:CommitmentsAndContingenciesPolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0in 0pt'><i>Commitments and Contingencies</i></p> <p style='margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.</p> </us-gaap:CommitmentsAndContingenciesPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:EarningsPerSharePolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><i>Net Loss Per Common Share</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of July 31, 2015 or 2014. There are no shares included in the earnings per share calculation for the years ended July 31, 2015 or 2014 related to the Company's convertible note outstanding because the Company’s average stock price did not exceed the conversion price, and accordingly, there is no conversion spread. The Company has incurred losses for all periods, the impact of the common stock equivalents would be antidilutive and therefore are not included in the calculation.</p> </us-gaap:EarningsPerSharePolicyTextBlock> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentPolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0in 0pt'><i>Equipment</i></p> <p style='margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Equipment is recorded at cost and depreciated or amortized using the straight-line method over the estimated useful life of the asset or the underlying lease term for leasehold improvements, whichever is shorter. The estimated useful life by asset description is noted in the following table:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr> <td valign="bottom" width="192" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:2in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>Asset Description</b></p></td> <td valign="top" width="16" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:11.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="96" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Estimated Useful</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Life (years)</b></p></td></tr> <tr> <td valign="top" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:2in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Showroom equipment</p></td> <td valign="top" width="16" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:11.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="96" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2</p></td></tr></table></div> <p style='margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>Additions are capitalized and maintenance and repairs are charged to expense as incurred. Gains and losses on dispositions of equipment are reflected in other income.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> </us-gaap:PropertyPlantAndEquipmentPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'><i>Recently Issued Accounting Standards</i></p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) - Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 amends previous guidance to require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The Company did not have any debt issuance costs by the end of its third quarter for fiscal year 2015, but plans to adopt ASU No. 2015-03 regarding the</p> <p style='text-align:justify;margin:0in 0in 0pt'>presentation of debt issuance costs for fiscal year 2016.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> </us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:SubsequentEventsPolicyPolicyTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'>Subsequent Events</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <p style='text-align:justify;margin:0in 0in 0pt'>The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company evaluates subsequent events from the date of the balance sheet through the date when the financial statements are issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them with the SEC on the EDGAR system.</p> </us-gaap:SubsequentEventsPolicyPolicyTextBlock> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0.55in 0pt 0in'>Property and equipment consists of the following at July 31, 2015 and 2014:</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr> <td valign="top" width="288" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:3in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="96" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2015</b></p></td> <td valign="top" width="27" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.5pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'> </p></td> <td valign="top" width="96" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2014</b></p></td></tr> <tr> <td valign="top" width="288" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:3in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="96" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="27" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.5pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="96" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td></tr> <tr> <td valign="top" width="288" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:3in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>3D Printers and scanning equipment</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="96" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>27,333</p></td> <td valign="bottom" width="27" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.5pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="96" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>27,333</p></td></tr> <tr> <td valign="top" width="288" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:3in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Less: accumulated depreciation and amortization</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="96" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(17,036)</p></td> <td valign="bottom" width="27" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.5pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="96" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(3,370)</p></td></tr> <tr> <td valign="top" width="288" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:3in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Property and equipment, net</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="96" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>10,297</p></td> <td valign="bottom" width="27" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.5pt;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="96" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:1in;padding-right:5.4pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>23,963</p></td></tr></table></div> </us-gaap:PropertyPlantAndEquipmentTextBlock> | |||||||||||||||||||||
<us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'>The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the above referenced transaction:</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="285" style='width:213.4pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>Category</b></p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Cash</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>1,156</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Inventory</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>911</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Due from related party</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>62,986</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> Total assets acquired</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>65,053</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Accrued interest</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>3,407</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Convertible notes, net</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>21,489</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> Total liabilities assumed</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>24,896</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="65" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="192" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:143.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Net assets acquired</p></td> <td valign="bottom" width="28" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:20.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="65" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>40,157</p></td></tr></table></div> </us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock> | |||||||||||||||||||||
<us-gaap:BusinessAcquisitionProFormaInformationTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0in 0pt'>Pro-forma operating results, if the acquisition had taken place on August 1, 2014, the beginning of the earliest period presented, would be as follows:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="532" style='width:399pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="bottom" width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="183" colspan="3" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:137.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Years Ended July 31,</b></p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>2015</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>2014</b></p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>REVENUES</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>20,091</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>COST OF REVENUES</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(10,865)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>GROSS PROFIT</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>9,226</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>OPERATING EXPENSES</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt 8.1pt'>General and administrative</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>84,576</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>212,949</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt 8.1pt'>Compensation</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>165,834</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>13,239</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt 8.1pt'>Professional fees</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>156,718</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>TOTAL OPERATING EXPENSES</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>407,128</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>226,188</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>LOSS FROM OPERATIONS</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(397,902)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(226,188)</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>OTHER INCOME (EXPENSE)</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt 8.1pt'>Gain on forgiveness of debt</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>48,287</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt 8.1pt'>Interest expense</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(307,192)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(26,634)</p></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>TOTAL OTHER INCOME (EXPENSE)</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(307,192)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>21,653</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>PROVISION FOR INCOME TAXES</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td width="328" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:245.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>NET LOSS</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(705,094)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="81" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:60.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(204,535)</p></td></tr></table></div> </us-gaap:BusinessAcquisitionProFormaInformationTextBlock> | |||||||||||||||||||||
<us-gaap:ScheduleOfShortTermDebtTextBlock contextRef="D140801_150731"> <!--egx--><p style='text-align:justify;margin:0in 0in 0pt'>. The net convertible note balance of $21,489 was included in the acquisition described in Note 5.</p> <p style='text-align:justify;margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="625" style='width:468.5pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Balance,</b></p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Balance,</b></p></td></tr> <tr style='height:0.1in'> <td width="398" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Description</b></p></td> <td width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="92" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2015</b></p></td> <td width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="93" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2014</b></p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>35 convertible promissory notes, in amounts ranging from $2,500 to $131,631, all maturing within one year except 7 notes, bearing interest at 15% per annum, convertible into common stock at the conversion price of $0.001 per share</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="92" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>638,678</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>239,178</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Original beneficial conversion feature discount</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(532,775)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(239,178)</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Discount amortization</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>253,065</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>15,743</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Unamortized discount</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(279,710)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(223,435)</p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="92" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="398" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:4.15in;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Net</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="92" style='border-bottom:windowtext 2.25pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.65pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>358,968</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="93" style='border-bottom:windowtext 2.25pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.45pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>15,743</p></td></tr></table></div> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Presented in the balance sheet as:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="635" style='width:476.4pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="top" width="409" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:307pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'> </p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Description</b></p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'> </p></td> <td valign="top" width="91" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.25pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Balance</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2015</b></p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'> </p></td> <td valign="top" width="93" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.55pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Balance </b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31, 2014</b></p></td></tr> <tr style='height:0.1in'> <td valign="top" width="409" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:307pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Short-term</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="91" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.25pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p> <p align="right" style='text-align:right;margin:0in 0in 0pt'>297,966</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="93" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.55pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p> <p align="right" style='text-align:right;margin:0in 0in 0pt'>15,743</p></td></tr> <tr style='height:0.1in'> <td valign="top" width="409" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:307pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Long-term</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="91" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.25pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>61,002</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="93" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.55pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td></tr> <tr style='height:0.1in'> <td valign="top" width="409" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:307pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Total</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="91" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:68.25pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>358,968</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="93" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:69.55pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>15,743</p></td></tr></table></div> </us-gaap:ScheduleOfShortTermDebtTextBlock> | |||||||||||||||||||||
<us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0in 0pt'>The Company’s deferred tax assets as of July 31, 2015 and 2014 are as follows:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="413" style='width:309.7pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="bottom" width="219" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:164pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="75" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:55.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>2015</b></p></td> <td width="22" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:16.3pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="77" colspan="2" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:57.7pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>2014</b></p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="219" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:164pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Benefit from net operating losses</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="75" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:55.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>182,890</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="76" colspan="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:56.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>43,792</p></td> <td width="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="219" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:164pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>Valuation allowance</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="75" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:55.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(182,890)</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="76" colspan="2" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:56.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(43,792)</p></td> <td width="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="219" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:164pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Net tax expense</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="75" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:55.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="76" colspan="2" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:56.9pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td width="2" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td></tr></table></div> </us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock> | |||||||||||||||||||||
<us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0in 0pt'>This loss carry forward expires according to the following schedule:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="263" style='width:197pt;border-collapse:collapse'> <tr style='height:0.1in'> <td valign="bottom" width="157" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:118pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Year Ending</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31,</b></p></td> <td valign="bottom" width="41" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:31pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="64" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>Amount</b></p></td> <td height="10" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="157" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:118pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="41" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:31pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="64" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td height="10" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr> <tr style='height:11.5pt'> <td valign="bottom" rowspan="2" width="157" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:118pt;padding-right:5.4pt;height:11.5pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2034</p></td> <td valign="bottom" rowspan="2" width="41" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:31pt;padding-right:5.4pt;height:11.5pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" rowspan="2" width="64" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48pt;padding-right:5.4pt;height:11.5pt;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>125,121</p></td> <td height="15" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:11.5pt;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr> <tr style='height:11.5pt'> <td height="15" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:11.5pt;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="157" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:118pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2035</p></td> <td valign="bottom" width="41" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:31pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td valign="bottom" width="64" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>397,422</p></td> <td height="10" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr> <tr style='height:0.1in'> <td valign="bottom" width="157" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:118pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Total</p></td> <td valign="bottom" width="41" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:31pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="64" style='border-bottom:black 2.25pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:48pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>522,543</p></td> <td height="10" width="0" style='border-bottom:#f0f0f0;border-left:#f0f0f0;background-color:transparent;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0'></td></tr></table></div> <p style='margin:0in 0in 0pt'> </p> </us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock> | |||||||||||||||||||||
<us-gaap:ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock contextRef="D140801_150731"> <!--egx--><p style='margin:0in 0in 0pt'>Minimum future lease commitments are as follows:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:0.1in'> <td valign="top" width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Year Ending</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>July 31,</b></p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="83" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Amount</b></p></td></tr> <tr style='height:0.1in'> <td valign="top" width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'> </p></td> <td valign="top" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="top" width="83" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td></tr> <tr style='height:0.1in'> <td width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2016</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="83" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>26,518</p></td></tr> <tr style='height:0.1in'> <td width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2017</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="83" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>27,313</p></td></tr> <tr style='height:0.1in'> <td width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2018</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="83" style='border-bottom:windowtext 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>2,332</p></td></tr> <tr style='height:0.1in'> <td width="149" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:111.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Total</p></td> <td valign="bottom" width="21" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:15.8pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="83" style='border-bottom:windowtext 1.5pt double;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:5.4pt;width:62.4pt;padding-right:5.4pt;height:0.1in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>56,163</p></td></tr></table></div> </us-gaap:ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock> | |||||||||||||||||||||
<fil:ShowroomEquipmentEstimatedUsefulLifeYears decimals="INF" contextRef="I150731" unitRef="Pure"> 2 </fil:ShowroomEquipmentEstimatedUsefulLifeYears> | |||||||||||||||||||||
<fil:NegativeWorkingCapital decimals="INF" contextRef="I150731" unitRef="USD"> 348830 </fil:NegativeWorkingCapital> | |||||||||||||||||||||
<fil:AccumulatedDeficit decimals="INF" contextRef="I150731" unitRef="USD"> 997540 </fil:AccumulatedDeficit> | |||||||||||||||||||||
<fil:N3dPrintersAndScanningEquipment decimals="INF" contextRef="I150731" unitRef="USD"> 27333 </fil:N3dPrintersAndScanningEquipment> | |||||||||||||||||||||
<fil:N3dPrintersAndScanningEquipment decimals="INF" contextRef="I140731" unitRef="USD"> 27333 </fil:N3dPrintersAndScanningEquipment> | |||||||||||||||||||||
<fil:LessAccumulatedDepreciationAndAmortization decimals="INF" contextRef="I150731" unitRef="USD"> -17036 </fil:LessAccumulatedDepreciationAndAmortization> | |||||||||||||||||||||
<fil:LessAccumulatedDepreciationAndAmortization decimals="INF" contextRef="I140731" unitRef="USD"> -3370 </fil:LessAccumulatedDepreciationAndAmortization> | |||||||||||||||||||||
<fil:PropertyAndEquipmentNet decimals="INF" contextRef="I150731" unitRef="USD"> 10297 </fil:PropertyAndEquipmentNet> | |||||||||||||||||||||
<fil:PropertyAndEquipmentNet decimals="INF" contextRef="I140731" unitRef="USD"> 23963 </fil:PropertyAndEquipmentNet> | |||||||||||||||||||||
<fil:DepreciationExpense decimals="INF" contextRef="D140801_150731" unitRef="USD"> 13666 </fil:DepreciationExpense> | |||||||||||||||||||||
<fil:DepreciationExpense decimals="INF" contextRef="D130801_140731" unitRef="USD"> 3370 </fil:DepreciationExpense> | |||||||||||||||||||||
<fil:SharesOfCommonStockWereIssuedToHolderOf3dMakerjet decimals="INF" contextRef="I141105" unitRef="Shares"> 26000000 </fil:SharesOfCommonStockWereIssuedToHolderOf3dMakerjet> | |||||||||||||||||||||
<fil:Cash1 decimals="INF" contextRef="I150731" unitRef="USD"> 1156 </fil:Cash1> | |||||||||||||||||||||
<fil:Inventory decimals="INF" contextRef="I150731" unitRef="USD"> 911 </fil:Inventory> | |||||||||||||||||||||
<fil:DueFromRelatedParty decimals="INF" contextRef="I150731" unitRef="USD"> 62986 </fil:DueFromRelatedParty> | |||||||||||||||||||||
<fil:TotalAssetsAcquired decimals="INF" contextRef="I150731" unitRef="USD"> 65053 </fil:TotalAssetsAcquired> | |||||||||||||||||||||
<fil:AccruedInterest decimals="INF" contextRef="I150731" unitRef="USD"> 3407 </fil:AccruedInterest> | |||||||||||||||||||||
<fil:ConvertibleNotesNet decimals="INF" contextRef="I150731" unitRef="USD"> 21489 </fil:ConvertibleNotesNet> | |||||||||||||||||||||
<fil:TotalLiabilitiesAssumed decimals="INF" contextRef="I150731" unitRef="USD"> 24896 </fil:TotalLiabilitiesAssumed> | |||||||||||||||||||||
<fil:NetAssetsAcquired decimals="INF" contextRef="I150731" unitRef="USD"> 40157 </fil:NetAssetsAcquired> | |||||||||||||||||||||
<fil:CompanyIssuedConvertiblePromissoryNoteToAnEmployee decimals="INF" contextRef="D140801_150731" unitRef="USD"> 0 </fil:CompanyIssuedConvertiblePromissoryNoteToAnEmployee> | |||||||||||||||||||||
<fil:CompanyIssuedConvertiblePromissoryNotesTotaling decimals="INF" contextRef="D140616_150720" unitRef="USD"> 638678 </fil:CompanyIssuedConvertiblePromissoryNotesTotaling> | |||||||||||||||||||||
<fil:CompanyIssuedConvertiblePromissoryNotesTotaling decimals="INF" contextRef="D140801_150731" unitRef="USD"> 399500 </fil:CompanyIssuedConvertiblePromissoryNotesTotaling> | |||||||||||||||||||||
<fil:CompanyIssuedConvertiblePromissoryNotesTotaling decimals="INF" contextRef="D130801_140731" unitRef="USD"> 239178 </fil:CompanyIssuedConvertiblePromissoryNotesTotaling> | |||||||||||||||||||||
<fil:CompanyIssuedConvertiblePromissoryNoteToAnEmployee decimals="INF" contextRef="D140616_150720" unitRef="USD"> 237631 </fil:CompanyIssuedConvertiblePromissoryNoteToAnEmployee> | |||||||||||||||||||||
<fil:ConvertibleNotesFromTheAcquisitionOf3dMakerjetAsiaLtd decimals="INF" contextRef="D140801_150731" unitRef="USD"> 62000 </fil:ConvertibleNotesFromTheAcquisitionOf3dMakerjetAsiaLtd> | |||||||||||||||||||||
<fil:DiscountOnConvertiblePromissoryNotesTotaling decimals="INF" contextRef="D140801_150731" unitRef="USD"> 532775 </fil:DiscountOnConvertiblePromissoryNotesTotaling> | |||||||||||||||||||||
<fil:DiscountOnConvertiblePromissoryNotesIncludingToEmployee decimals="INF" contextRef="D140801_150731" unitRef="USD"> 189348 </fil:DiscountOnConvertiblePromissoryNotesIncludingToEmployee> | |||||||||||||||||||||
<fil:DiscountAmortizationForThePeriod decimals="INF" contextRef="D140801_150731" unitRef="USD"> 253065 </fil:DiscountAmortizationForThePeriod> | |||||||||||||||||||||
<fil:DiscountAmortizationRecordedOnTheBooksOf3dMakerjetAsia decimals="INF" contextRef="D140801_150731" unitRef="USD"> 21489 </fil:DiscountAmortizationRecordedOnTheBooksOf3dMakerjetAsia> | |||||||||||||||||||||
<fil:TheNetConvertibleNoteBalanceIncludedInTheAcquisition decimals="INF" contextRef="D140801_150731" unitRef="USD"> 21489 </fil:TheNetConvertibleNoteBalanceIncludedInTheAcquisition> | |||||||||||||||||||||
<fil:N35ConvertiblePromissoryNotesInAmountsRangingFrom2500To131631AllMaturingWithinOneYearExcept7NotesBearingInterestAt15PerAnnumConvertibleIntoCommonStockAtTheConversionPriceOf0001PerShare decimals="INF" contextRef="I150731" unitRef="USD"> 638678 </fil:N35ConvertiblePromissoryNotesInAmountsRangingFrom2500To131631AllMaturingWithinOneYearExcept7NotesBearingInterestAt15PerAnnumConvertibleIntoCommonStockAtTheConversionPriceOf0001PerShare> | |||||||||||||||||||||
<fil:N35ConvertiblePromissoryNotesInAmountsRangingFrom2500To131631AllMaturingWithinOneYearExcept7NotesBearingInterestAt15PerAnnumConvertibleIntoCommonStockAtTheConversionPriceOf0001PerShare decimals="INF" contextRef="I140731" unitRef="USD"> 239178 </fil:N35ConvertiblePromissoryNotesInAmountsRangingFrom2500To131631AllMaturingWithinOneYearExcept7NotesBearingInterestAt15PerAnnumConvertibleIntoCommonStockAtTheConversionPriceOf0001PerShare> | |||||||||||||||||||||
<fil:OriginalBeneficialConversionFeatureDiscount decimals="INF" contextRef="I150731" unitRef="USD"> -532775 </fil:OriginalBeneficialConversionFeatureDiscount> | |||||||||||||||||||||
<fil:OriginalBeneficialConversionFeatureDiscount decimals="INF" contextRef="I140731" unitRef="USD"> -239178 </fil:OriginalBeneficialConversionFeatureDiscount> | |||||||||||||||||||||
<fil:DiscountAmortization1 decimals="INF" contextRef="I150731" unitRef="USD"> 253065 </fil:DiscountAmortization1> | |||||||||||||||||||||
<fil:DiscountAmortization1 decimals="INF" contextRef="I140731" unitRef="USD"> 15743 </fil:DiscountAmortization1> | |||||||||||||||||||||
<fil:UnamortizedDiscount decimals="INF" contextRef="I150731" unitRef="USD"> -279710 </fil:UnamortizedDiscount> | |||||||||||||||||||||
<fil:UnamortizedDiscount decimals="INF" contextRef="I140731" unitRef="USD"> -223435 </fil:UnamortizedDiscount> | |||||||||||||||||||||
<fil:NetConvertiblePromissoryNotes decimals="INF" contextRef="I150731" unitRef="USD"> 358968 </fil:NetConvertiblePromissoryNotes> | |||||||||||||||||||||
<fil:NetConvertiblePromissoryNotes decimals="INF" contextRef="I140731" unitRef="USD"> 15743 </fil:NetConvertiblePromissoryNotes> | |||||||||||||||||||||
<fil:ConvertiblePromissoryNotesAmountRangeMinimum decimals="INF" contextRef="I150731" unitRef="USD"> 2500 </fil:ConvertiblePromissoryNotesAmountRangeMinimum> | |||||||||||||||||||||
<fil:ConvertiblePromissoryNotesAmountRangeMaximum decimals="INF" contextRef="I150731" unitRef="USD"> 131631 </fil:ConvertiblePromissoryNotesAmountRangeMaximum> | |||||||||||||||||||||
<fil:ConvertiblePromissoryNotesMaturingInYear decimals="INF" contextRef="I150731" unitRef="Pure"> 1 </fil:ConvertiblePromissoryNotesMaturingInYear> | |||||||||||||||||||||
<fil:InterestRatePerAnnum decimals="INF" contextRef="I150731" unitRef="Pure"> 0.1500 </fil:InterestRatePerAnnum> | |||||||||||||||||||||
<fil:ConversionPricePerShare decimals="INF" contextRef="I150731" unitRef="UsdPerShare"> 0.001 </fil:ConversionPricePerShare> | |||||||||||||||||||||
<fil:CompanyReceivedCashProceedsThroughTheIssuanceOfThreeNonConvertiblePromissoryNotes decimals="INF" contextRef="D141215_150713" unitRef="USD"> 43000 </fil:CompanyReceivedCashProceedsThroughTheIssuanceOfThreeNonConvertiblePromissoryNotes> | |||||||||||||||||||||
<fil:NonConvertiblePromissoryNotesBearingInterestPerAnnum decimals="INF" contextRef="D141215_150713" unitRef="Pure"> 0.0500 </fil:NonConvertiblePromissoryNotesBearingInterestPerAnnum> | |||||||||||||||||||||
<fil:BoardOfDirectorsAndMajorityShareholderApprovedAForwardSplitOfStock decimals="INF" contextRef="E14Q3" unitRef="Pure"> 26 </fil:BoardOfDirectorsAndMajorityShareholderApprovedAForwardSplitOfStock> | |||||||||||||||||||||
<fil:CompanyRecordedBeneficialConversionFeaturesOnConvertiblePromissoryNotes decimals="INF" contextRef="I150731" unitRef="USD"> 231597 </fil:CompanyRecordedBeneficialConversionFeaturesOnConvertiblePromissoryNotes> | |||||||||||||||||||||
<fil:SharesOfTheCompanySCommonStockWereIssuedToTheHolderOf3dMakerjetAsia decimals="INF" contextRef="I141105" unitRef="Shares"> 26000000 </fil:SharesOfTheCompanySCommonStockWereIssuedToTheHolderOf3dMakerjetAsia> | |||||||||||||||||||||
<fil:BenefitFromNetOperatingLosses decimals="INF" contextRef="I150731" unitRef="USD"> 182890 </fil:BenefitFromNetOperatingLosses> | |||||||||||||||||||||
<fil:BenefitFromNetOperatingLosses decimals="INF" contextRef="I140731" unitRef="USD"> 43792 </fil:BenefitFromNetOperatingLosses> | |||||||||||||||||||||
<fil:ValuationAllowance decimals="INF" contextRef="I150731" unitRef="USD"> -182890 </fil:ValuationAllowance> | |||||||||||||||||||||
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<context id="I130731_StEqComps-CapUnits"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
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<instant> 2013-07-31 </instant> | |||||||||||||||||||||
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<context id="I140731_StEqComps-CapUnits"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
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<instant> 2014-07-31 </instant> | |||||||||||||||||||||
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<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0001458023 </identifier> | |||||||||||||||||||||
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<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0001458023 </identifier> | |||||||||||||||||||||
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<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0001458023 </identifier> | |||||||||||||||||||||
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<period> | |||||||||||||||||||||
<startDate> 2013-08-01 </startDate> | |||||||||||||||||||||
<endDate> 2014-07-31 </endDate> | |||||||||||||||||||||
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</context> | |||||||||||||||||||||
<unit id="USD"> | |||||||||||||||||||||
<measure> iso4217:USD </measure> | |||||||||||||||||||||
</unit> | |||||||||||||||||||||
<unit id="Shares"> | |||||||||||||||||||||
<measure> shares </measure> | |||||||||||||||||||||
</unit> | |||||||||||||||||||||
<unit id="UsdPerShare"> | |||||||||||||||||||||
<divide> | |||||||||||||||||||||
<unitNumerator> | |||||||||||||||||||||
<measure> iso4217:USD </measure> | |||||||||||||||||||||
</unitNumerator> | |||||||||||||||||||||
<unitDenominator> | |||||||||||||||||||||
<measure> shares </measure> | |||||||||||||||||||||
</unitDenominator> | |||||||||||||||||||||
</divide> | |||||||||||||||||||||
</unit> | |||||||||||||||||||||
<unit id="Pure"> | |||||||||||||||||||||
<measure> pure </measure> | |||||||||||||||||||||
</unit> | |||||||||||||||||||||
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