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SHAREHOLDERS' DEFICIT
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6 Months Ended | |
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Jul. 31, 2013
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
| Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 5. SHAREHOLDERS’ DEFICIT PREFERRED SHARES The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.001. No shares of preferred stock were issued and outstanding during the three and six months ended July 31, 2013 or 2012. COMMON SHARES The Company is authorized to issue 90,000,000 shares of common stock with a par value of $0.001. In February 2013, the Company issued 1,000 shares of $0.001 par value common stock for $200 cash or $0.20 per share. In April 2013, the Company issued 100,000 shares of $0.001 par value common stock for $20,000 cash or $0.20 per share. As at July 31, 2013, 8,795,000 shares of common stock were issued and outstanding. STOCK OPTIONS The Company adopted the 2012 Equity Incentive Plan (the “Plan”) on January 31, 2012, reserving 5,500,000 shares for future issuances, of which a maximum of 2,500,000 may be issued as incentive stock options. The Plan provides for the issuance of non-statutory stock options or restricted stock to officers and employees, with an exercise price that is at least equal to the fair market value of the Company’s common stock on the date of grant. Vesting terms and the lives of the options are to be determined by the Board of Directors upon grant. No stock options have been issued to date. |