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Document And Entity Information
6 Months Ended
Jun. 30, 2016
shares
Document Information [Line Items]  
Document Type 10-Q
Amendment Flag false
Document Period End Date Jun. 30, 2016
Document Fiscal Year Focus 2016
Document Fiscal Period Focus Q2
Entity Registrant Name Computron, Inc.
Entity Central Index Key 0001622867
Current Fiscal Year End Date --12-31
Entity Filer Category Smaller Reporting Company
Entity Common Stock, Shares Outstanding 5,140,319
BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 6,217 $ 4,289
Other receivable 0 21,050
TOTAL ASSETS 6,217 25,339
Current liabilities:    
Account payable and accrued expenses 2,917 6,000
Loan from related party 25,365 16,200
Total liabilities 28,282 22,200
Stockholders’ (deficit) / equity    
Common stock, $0.0001 par value; 75,000,000 shares authorized; 5,140,319 shares issued and outstanding as of June 31, 2016 and December 31, 2015 514 514
Additional paid-in capital 21,036 21,036
Accumulated deficit (43,615) (18,411)
Total Stockholders’ (deficit) / equity (22,065) 3,139
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) / EQUITY $ 6,217 $ 25,339
BALANCE SHEETS [Parenthetical] - $ / shares
Jun. 30, 2016
Dec. 31, 2015
Common Stock, Par or Stated Value Per Share (in dollars per share) $ 0.0001 $ 0.0001
Common Stock, Shares Authorized 75,000,000 75,000,000
Common Stock, Shares, Issued 5,140,319 5,140,319
Common Stock, Shares, Outstanding 5,140,319 5,140,319
STATEMENT OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue $ 0 $ 12,500 $ 1,235 $ 13,600
Professional fees        
- Auditors’ fees 3,000 2,000 5,000 6,000
- Legal fees 1,500 2,352 4,500 3,633
Advertising 0 350 300 350
Filing fees 2,020 0 3,819 0
Other costs 10 80 320 110
Setup fees 0 99 12,500 527
Website expenses 0 0 0 25
Total operating expenses (6,530) (4,881) (26,439) (10,645)
Net (loss)/profit $ (6,530) $ 7,619 $ (25,204) $ 2,955
Net (loss)/profit per common share - basic and diluted:        
Net (loss)/profit per share attributable to common stockholders $ 0 $ 0 $ 0 $ 0
Weighted-average number of common shares outstanding 5,140,319 5,000,000 5,140,319 5,000,000
STATEMENT OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net (loss)/profit $ (25,204) $ 2,955
Changes in operating assets and liabilities    
Other receivables 21,050 (99)
Trade payable 0 2,000
Accounts payable and accrued expenses (3,083) 99
Increase (Decrease) in Operating Capital 17,967 2,000
Net cash (used)/earned by operating activities (7,237) 4,955
Cash Flows from investing Activities    
Loan with related parties 9,165 0
Net cash earned from operating activities 9,165 0
Cash Flows from financing Activities    
Cash Flows from Financing Activities 0 0
Decrease in cash and cash equivalents 1,928 4,955
Cash and cash equivalents at beginning of the period 4,289 2,245
Cash and cash equivalents at end of the period $ 6,217 $ 7,200
NATURE OF BUSINESS AND BASIS OF PRESENTATION
6 Months Ended
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Business Description and Basis of Presentation [Text Block]
NOTE 1 – NATURE OF BUSINESS AND BASIS OF PRESENTATION 
 
Computron Inc. (the "Company") is a Nevada Corporation incorporated on August 22, 2014. The Company plans to establish itself as an online computer support business.
 
Basis of Presentation
 
The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP").
 
These financial statements are presented in US dollars.
 
Fiscal Year End
 
The Corporation has adopted a fiscal year end of December 31.
 
Unaudited Interim Financial Statements
 
The interim financial statements of the Company as of June 30, 2016, and for the period then ended, are unaudited. However, in the opinion of management, the interim financial statements include all adjustments, consisting of only normal recurring adjustments, necessary to present fairly the Company’s financial position as of June 30, 2016, and the results of its operations and its cash flows for three and six month period ended June 30, 2016. These results are not necessarily indicative of the results expected for the calendar year ending December 31, 2016. The accompanying financial statements and notes thereto do not reflect all disclosures required under accounting principles generally accepted in the United States. Refer to the Company’s audited financial statements as of December 31, 2015, for additional information, including significant accounting policies.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Significant Accounting Policies [Text Block]
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
The principal accounting policies are set out below, these policies have been consistently applied to the period presented, unless otherwise stated:
 
Use of Estimates
 
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts or revenues and expenses during the reporting period. Actual results could differ from those estimates.
 
Going concern
 
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As at June 30, 2016, the Company has an accumulated deficit of $43,615 from operations and a working capital deficit of $22,065 and has not earned sufficient revenues to cover its operating costs. The Company intends to fund future operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending December 31, 2016.
 
The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional funds through public or private placement offerings.
 
These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
 
Cash and cash equivalents
 
Cash and equivalents include investments with initial maturities of three months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000.
 
Accounts Payable and Accrued Expenses
 
Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services.
 
Earnings per Share
 
The Company computes net loss per share in accordance with ASC 260, "Earnings Per Share" ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares, which comprise options granted to employees. As June 30, 2016, the Company had no potentially dilutive shares.
 
Income Taxes
 
Income taxes are accounted for in accordance with ASC Topic 740, "Income Taxes." Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
 
Revenue Recognition
 
The Company recognizes revenue when all of the following have occurred: persuasive evidence of an agreement with the customer exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable and collectability of the selling price is reasonably assured.
 
Revenue consists of computer services and technical support provided to customers.
 
Fair Value of Financial Instruments
 
The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.
 
The following are the hierarchical levels of inputs to measure fair value:
 
- Level 1: Quoted prices in active markets for identical instruments;
- Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments);
- Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments).
OTHER RECEIVABLE
6 Months Ended
Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets [Text Block]
NOTE 3 – OTHER RECEIVABLE
 
During 2015, the Company issued common stock for cash to various stockholders. Proceeds of $21,050 was transferred to the Company's attorney, who held the proceeds in escrow.
 
The proceeds were received in full by the company during February 2016.
LOAN FROM RELATED PARTY
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]
NOTE 4 – LOAN FROM RELATED PARTY
 
 
June 30,
2016
 
December 31,
2015
 
 
 
(unaudited)
 
 
 
 
 
 
$
 
$
 
Loan from related party
 
 
25,365
 
 
16,200
 
 
The above loan is unsecured, bears no interest and has no set terms of repayment. This loan is repayable on demand.
STOCKHOLDER'S DEFICIT
6 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
NOTE 5 – STOCKHOLDER’S DEFICIT
 
Common Stock
 
On August 22, 2014, the Company issued 5,000,000 shares of common stock to the director of the company at price of $0.0001 per share, for $500 cash.
 
During May 2015, the Company issued 66,660 shares of common stock to various stockholders at price of $0.15 per share, for $10,000 cash.
 
During August 2015, the Company issued 59,994 shares of common stock to various stockholders at price of $0.15 per share, for $9,000 cash.
 
During September 2015, the Company issued 13,665 shares of common stock to various stockholders at price of $0.15 per share, for $2,050 cash.
INCOME TAXES
6 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
NOTE 6 – INCOME TAXES
 
The provision (benefit) for income taxes for the six month periods ended June 30, 2016 and 2015 was as follows (assuming a 15% effective tax rate):
 
 
 
June 30,
 
June 30,
 
 
 
2016
 
2015
 
 
 
Unaudited
 
 
 
$
 
$
 
Current Tax Provision
 
 
 
 
 
 
 
Federal-
 
 
 
 
 
 
 
Taxable income
 
 
 
 
 
 
 
Total current tax provision
 
 
 
 
 
 
 
 
 
 
-
 
 
-
 
Deferred Tax Provision
 
 
 
 
 
 
 
Federal-
 
 
 
 
 
 
 
Loss carry forwards
 
 
3,781
 
 
443
 
Change in valuation allowance
 
 
(3,781)
 
 
(443)
 
Total deferred tax provision
 
 
-
 
 
-
 
 
 
 
June 30,
 
December 31,
 
 
 
2016
 
2015
 
 
 
Unaudited
 
Audited
 
 
 
 
$
 
 
$
 
The Company had deferred income tax assets as of June 30, 2016 and December 31, 2015 as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss carry forwards
 
 
6,542
 
 
2,762
 
Less - Valuation allowance
 
 
(6,542)
 
 
(2,762)
 
Total net deferred tax assets
 
 
-
 
 
-
 
 
The Company provided a valuation allowance equal to the deferred income tax assets for period ended June 30, 2016 because it is not presently known whether future taxable income will be sufficient to utilize the loss carryforwards.
 
As of June 30, 2016, the Company had approximately $43,615 in tax loss carryforwards that can be utilized future periods to reduce taxable income, and expire by the year 2036.
 
The Company did not identify any material uncertain tax positions. The Company did not recognize any interest or penalties for unrecognized tax benefits.
 
The federal income tax returns of the Company are subject to examination by the IRS, generally for three years after they are filed.
RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
NOTE 7 – RELATED PARTY TRANSACTIONS
 
Details of transactions between the Corporation and related parties are disclosed below.
 
The following entities have been identified as related parties: 
David Breier
Director and greater than 10% stockholder
 
The following transactions were carried out with related parties:
 
 
June 30,
 
December 31,
 
 
 
2016
 
2015
 
 
 
Unaudited
 
Audited
 
 
 
$
 
$
 
Balance sheet:
 
 
 
 
 
 
 
Loan from related party
 
 
25,365
 
 
16,200
 
 
From time to time, the president and stockholder of the Company provides advances to the Company for its working capital purposes. These advances bear no interest and are due on demand.
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
NOTE 8 – SUBSEQUENT EVENTS
 
In accordance with ASC 855-10, Company management reviewed all material events through the date of this report and determined that there are no additional material subsequent events to report.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Use of Estimates, Policy [Policy Text Block]
Use of Estimates
 
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts or revenues and expenses during the reporting period. Actual results could differ from those estimates.
Going Concern [Policy Text Block]
Going concern
 
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As at June 30, 2016, the Company has an accumulated deficit of $43,615 from operations and a working capital deficit of $22,065 and has not earned sufficient revenues to cover its operating costs. The Company intends to fund future operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending December 31, 2016.
 
The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional funds through public or private placement offerings.
 
These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Cash and Cash Equivalents, Policy [Policy Text Block]
Cash and cash equivalents
 
Cash and equivalents include investments with initial maturities of three months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000.
Accounts Payable and Accrued Expenses, Policy [Policy Text Block]
Accounts Payable and Accrued Expenses
 
Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services.
Earnings Per Share, Policy [Policy Text Block]
Earnings per Share
 
The Company computes net loss per share in accordance with ASC 260, "Earnings Per Share" ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares, which comprise options granted to employees. As June 30, 2016, the Company had no potentially dilutive shares.
Income Tax, Policy [Policy Text Block]
Income Taxes
 
Income taxes are accounted for in accordance with ASC Topic 740, "Income Taxes." Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Revenue Recognition, Policy [Policy Text Block]
Revenue Recognition
 
The Company recognizes revenue when all of the following have occurred: persuasive evidence of an agreement with the customer exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable and collectability of the selling price is reasonably assured.
 
Revenue consists of computer services and technical support provided to customers.
Fair Value of Financial Instruments, Policy [Policy Text Block]
Fair Value of Financial Instruments
 
The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.
 
The following are the hierarchical levels of inputs to measure fair value:
 
- Level 1: Quoted prices in active markets for identical instruments;
- Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments);
- Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments).
LOAN FROM RELATED PARTY (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
 
 
June 30,
2016
 
December 31,
2015
 
 
 
(unaudited)
 
 
 
 
 
 
$
 
$
 
Loan from related party
 
 
25,365
 
 
16,200
 
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The provision (benefit) for income taxes for the six month periods ended June 30, 2016 and 2015 was as follows (assuming a 15% effective tax rate):
 
 
 
June 30,
 
June 30,
 
 
 
2016
 
2015
 
 
 
Unaudited
 
 
 
$
 
$
 
Current Tax Provision
 
 
 
 
 
 
 
Federal-
 
 
 
 
 
 
 
Taxable income
 
 
 
 
 
 
 
Total current tax provision
 
 
 
 
 
 
 
 
 
 
-
 
 
-
 
Deferred Tax Provision
 
 
 
 
 
 
 
Federal-
 
 
 
 
 
 
 
Loss carry forwards
 
 
3,781
 
 
443
 
Change in valuation allowance
 
 
(3,781)
 
 
(443)
 
Total deferred tax provision
 
 
-
 
 
-
 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
 
 
June 30,
 
December 31,
 
 
 
2016
 
2015
 
 
 
Unaudited
 
Audited
 
 
 
 
$
 
 
$
 
The Company had deferred income tax assets as of June 30, 2016 and December 31, 2015 as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss carry forwards
 
 
6,542
 
 
2,762
 
Less - Valuation allowance
 
 
(6,542)
 
 
(2,762)
 
Total net deferred tax assets
 
 
-
 
 
-
 
RELATED PARTY TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions [Table Text Block]
The following transactions were carried out with related parties:
 
 
June 30,
 
December 31,
 
 
 
2016
 
2015
 
 
 
Unaudited
 
Audited
 
 
 
$
 
$
 
Balance sheet:
 
 
 
 
 
 
 
Loan from related party
 
 
25,365
 
 
16,200
 
NATURE OF BUSINESS AND BASIS OF PRESENTATION (Details Textual)
6 Months Ended
Jun. 30, 2016
NATURE OF BUSINESS AND BASIS OF PRESENTATION [Line Items]  
Entity Incorporation, State Country Name Nevada
Entity Incorporation, Date of Incorporation Aug. 22, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Summary Of Significant Accounting Policies [Line Items]    
Retained Earnings (Accumulated Deficit) $ (43,615) $ (18,411)
Working Capital Deficit 22,065  
Cash, FDIC Insured Amount $ 250,000  
OTHER RECEIVABLE (Details Textual)
12 Months Ended
Dec. 31, 2015
USD ($)
Proceeds from Issuance of Common Stock $ 21,050
LOAN FROM RELATED PARTY (Details) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Loan from related party $ 25,365 $ 16,200
STOCKHOLDER'S DEFICIT (Details Textual) - USD ($)
1 Months Ended
Sep. 30, 2015
Aug. 31, 2015
May 31, 2015
Aug. 22, 2014
Class of Stock [Line Items]        
Development Stage Entities, Stock Issued, Shares, Issued for Cash 13,665 59,994 66,660 5,000,000
Development Stage Entities, Equity Issuance, Per Share Amount $ 0.15 $ 0.15 $ 0.15 $ 0.0001
Development Stage Entities, Stock Issued, Value, Issued for Cash $ 2,050 $ 9,000 $ 10,000 $ 500
INCOME TAXES (Details) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Current Tax Provision    
Taxable income $ 0 $ 0
Total current tax provision 0 0
Deferred Tax Provision    
Loss carry forwards 3,781 443
Change in valuation allowance (3,781) (443)
Total deferred tax provision $ 0 $ 0
INCOME TAXES (Details 1) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Loss carry forwards $ 6,542 $ 2,762
Less - Valuation allowance (6,542) (2,762)
Deferred Tax Assets $ 0 $ 0
INCOME TAXES (Details Textual)
6 Months Ended
Jun. 30, 2016
USD ($)
Income Tax Disclosure [Line Items]  
Effective Income Tax Rate Reconciliation, Percent 15.00%
Operating Loss Carryforwards $ 43,615
Operating Loss Carryforwards, Expiration Date Dec. 31, 2036
RELATED PARTY TRANSACTIONS (Details) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Related Party Transaction [Line Items]    
Loan from related party $ 25,365 $ 16,200