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NOTE 6. SUBSEQUENT EVENTS (Details Narrative)
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1 Months Ended |
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Aug. 08, 2014
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| Note 6. Subsequent Events Details Narrative | |
| Subsequent events | On July 21, 2014, the majority shareholder of the Company dismissed Anton & Chia LLP (A&C) as the independent registered public accounting firm for the Company effective immediately prior to its filing of its Quarterly Report on Form 10-Q for the quarter ending June 30, 2014 (Second Quarter 10-Q). Other than an explanatory paragraph included in audit report of A&C for the Company's period ended April 30, 2014, relating to the uncertainty of the Company's ability to continue as a going concern, the audit report of A&C on the Company's financial statements for the period ended April 30, 2014, and through July 21, 2014, did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles.
From April 22, 2014 (inception) and through the date of this Current Report on Form 8-K, (1) there were no disagreements with A&C on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of A&C, would have caused A&C to make reference to the subject matter of the disagreements in connection with their report, and (2) there were no reportable events as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
Contemporaneous with this action, on the same day, and upon approval of the Companys majority shareholder, the Company engaged YSL & Associates LLC (YSL), as the Company's independent accountant to audit the Companys financial statements and to perform reviews of interim financial statements. During April 22, 2014 (inception), through July 21, 2014, neither the Company nor anyone acting on its behalf consulted with A&C regarding (i) either the application of any accounting principles to a specific completed or contemplated transaction of the Company, or the type of audit opinion that might be rendered by A&C on the Company's financial statements; or (ii) any matter that was either the subject of a disagreement with A&C or a reportable event with respect to A&C; (iii) the type of audit opinion that might be rendered on the Companys consolidated financial statements, and none of the following was provided to the Company: (a) a written report, or (b) oral advice that A&C concluded was an important factor considered by the Company in reaching a decision as to accounting, auditing or financial reporting issue; or (iv) Any matter that was the subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K.
As previously disclosed on Form 8-K, filed on August 8, 2014, the Company entered into two material definitive agreements. On July 16, 2014 the Company entered into an agreement for consulting services with Global Wisdom Group Inc. The agreement provides services related to financial accounting preparation for the Companys exchange act filing requirements. The terms are as follows; the agreement is month to month with a 30 day termination clause, the compensation is $125.00 dollars to $325.00 dollars per hour based upon the complexity of services provided. An initial retainer of $2,500 was paid for this engagement.
On August 5, 2014 the Company entered into an agreement for consulting services with Tech Associates Inc. The agreement provides corporate advisory services and guidance in reviewing private placement memorandums, asset purchase agreements, coordination of legal counsel, auditors, and creating a roadmap for the Company to become publicly-traded on the Over-the-Counter Bulletin Board as its initial listing venue. The terms are as follows; the agreement is for a period of six months, with an option to extend for two additional six month terms for a total of 18 months, subject to termination provisions. The compensation is $2,500 per month, and if the option to extend is exercised after the initial 6 month term, the Company shall provide compensation of 100,000 shares of its restricted common stock in addition to the monthly retainer. |