UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended July 31, 2015
o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT
For the transition period from _________ to _________
Commission File Number: 333-189723
MOBILE LADS CORP.
(Exact name of registrant as specified in its charter)
Nevada | 42-1774611 |
(state or other jurisdiction of incorporation or organization) | (I.R.S. Employer I.D. No.) |
3370 NE 190th Street, Suite 3815
Aventura, Florida 33180
(Address of principal executive offices)
1-800-470-9216
Issuers telephone number
Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was require to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer [ ] | Accelerated filer [ ] | Non-accelerated filer [ ] | Smaller reporting company [ X ] |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuers classes of common equity, as of the latest practicable date: As of September 10, 2015 the registrants outstanding stock consisted of 233,566,850 common shares.
MOBILE LADS CORP.
FORM 10-Q
For the Quarterly Period Ended July 31, 2015
INDEX
PART I | Financial Information | 3 |
Item 1. | Condensed Financial Statements | 3 |
Item 2. | Managements Discussion and Analysis of Financial Condition and Results of Operations | 10 |
Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 11 |
Item 4. | Controls and Procedures | 11 |
| | |
PART II | Other Information | 12 |
Item 1. | Legal Proceedings | 12 |
Item 1A. | Risk Factors | 12 |
Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 12 |
Item 3. | Defaults Upon Senior Securities | 12 |
Item 4. | Mine Safety Disclosures | 12 |
Item 5. | Other Information | 12 |
Item 6. | Exhibits | 13 |
Signatures | 13 |
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
MOBILE LADS CORP.
FINANCIAL STATEMENTS
TABLE OF CONTENTS
Condensed Balance Sheets as of July 31, 2015 (unaudited) and April 30, 2015 | | 4 |
Condensed Statements of Operations for the three months ended July 31, 2015 and 2014 (unaudited) | | 5 |
Condensed Statements of Cash Flows for the three months ended July 31, 2015 and 2014 (unaudited) | | 6 |
Notes to the Condensed Financial Statements (unaudited) | | 7 |
MOBILE LADS CORP. CONDENSED BALANCE SHEETS |
ASSETS | |
| July 31, 2015 | | April 30, 2015 |
| | (unaudited) | | (audited) |
Current Assets: | | | | |
Cash | $ | 311 | $ | - |
Prepaid | | 2,147 | | - |
Total current assets | | 2,458 | | - |
Intangible assets, net | | 133,332 | | 145,833 |
| | | | |
Total Assets | $ | 135,790 | $ | 145,833 |
| | | | |
LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) | | | | |
Current Liabilities: | | | | |
Accounts payable | $ | 7,641 | $ | 20,935 |
Accrued officer compensation | | 7,500 | | 3,000 |
Due to related parties | | 302,215 | | 260,776 |
| | | | |
Total Liabilities | | 317,356 | | 284,711 |
| | | | |
Stockholders Equity: | | | | |
Common stock, par value $0.00001; 250,000,000 shares authorized, 233,566,850 and 233,566,850 shares issued and outstanding; respectively | | 2,336 | | 2,336 |
Common stock payable | | 150,000 | | 150,000 |
Additional paid in capital | | 29,564 | | 29,564 |
Accumulated deficit | | (363,466) | | (320,778) |
Total Stockholders Equity (Deficit) | | (181,566) | | (138,878) |
Total Liabilities and Stockholders Equity (Deficit) | $ | 135,790 | $ | 145,833 |
The accompanying notes are an integral part of these financial statements.
MOBILE LADS CORP. CONDENSED STATEMENTS OF OPERATIONS (unaudited) |
| | For the Three Months Ended July 31, |
2015 | | 2014 |
| | | | (Restated) |
Revenue | $ | - | $ | - |
| | | | |
Operating Expenses: | | | | |
General and administrative | | 35,354 | | 36,795 |
Marketing and promotion | | - | | 50,700 |
Professional Fees | | 7,334 | | 12,506 |
| | | | |
Total operating expenses | | 42,688 | | 100,001 |
| | | | |
Loss from operations | | (42,688) | | (100,001) |
| | | | |
Provision for Income Taxes | | - | | - |
| | | | |
Net Loss | $ | (42,688) | $ | (100,001) |
| | | | |
Net Loss per share - basic | $ | (0.00) | $ | (0.00) |
Weighted average shares outstanding, basic & diluted | | 233,566,850 | | 233,566,850 |
The accompanying notes are an integral part of these financial statements.
MOBILE LADS CORP. CONDENSED STATEMENT OF CASH FLOWS (unaudited) |
| | For the Three Months Ended July 31, |
2015 | | 2014 |
| | | | (Restated) |
CASH FLOWS FROM OPERATING ACTIVITIES | |
| | |
Net loss | $ | (42,688) | $ | (100,001) |
Adjustments to reconcile net loss to net cash used in operating activities: | | | | |
Amortization expense | | 12,501 | | - |
Changes in assets and liabilities: | | | | |
Increase in prepaids | | (2,147) | | (1,286) |
Increase (decrease) in accounts payable | | (13,294) | | 1,508 |
Increase in accrued expenses | | 4,500 | | - |
CASH FLOWS USED IN OPERATING ACTIVITIES | | (41,128) | | (99,779) |
| | | | |
CASH FLOWS FROM INVESTING ACTIVITIES: | | - | | - |
| | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | |
Advances from related parties | | 41,439 | | 99,779 |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | | 41,439 | | 99,779 |
| | | | |
NET INCREASE IN CASH: | | 311 | | - |
Cash, beginning of year | | - | | - |
Cash, end of year | $ | 311 | $ | - |
| | | | |
SUPPLEMENTAL CASH FLOW INFORMATION: | |
| | |
Interest paid | $ | - | $ | - |
Income taxes paid | $ | - | $ | - |
Supplemental disclosure of non-cash activities | | | | |
Expenses paid by related party loans | $ | 41,439 | $ | - |
The accompanying notes are an integral part of these financial statements.
MOBILE LADS CORP.
NOTES TO THE CONDENSED
FINANCIAL STATEMENTS
July 31, 2015
(unaudited)
NOTE 1 ORGANIZATION AND NATURE OF BUSINESS
Mobile Lads Corp. (the Company) was incorporated under the laws of the State of Nevada, U.S. on March 26, 2013. Our business is focused on marketing products and services using short message service (SMS) technology. SMS technology involves sending marketing offers through cell phones that target specific audiences at the last minute.
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The accompanying interim unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, stockholders deficit and cash flows. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The interim results for the three months ended July 31, 2015 are not necessarily indicative of the results for the full fiscal year.
Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles 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.
Cash and Cash Equivalents
The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. There were no cash equivalents as of July 31, 2015 and April 30, 2015.
Intangible assets
Intangible assets are carried at cost and amortized over their estimated useful lives, generally on a straight-line basis over three years. The Company reviews identifiable amortizable intangible assets to be held and used for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Determination of recoverability is based on the lowest level of identifiable estimated undiscounted cash flows resulting from use of the asset and its eventual disposition. Measurement of any impairment loss is based on the excess of the carrying value of the asset over its fair value.
Fair Value of Financial Instruments
The Companys financial instruments consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.
ASC Topic 820, Fair Value Measurements and Disclosures, requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, Financial Instruments, defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest.
The three levels of valuation hierarchy are defined as follows:
·
Level 1. Observable inputs such as quoted prices in active markets;
·
Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly;
·
Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
Income Taxes
The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income and Comprehensive Income in the period that includes the enactment date.
The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (Section 740-10-25) with regards to uncertainty income taxes. Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25.
Stock-based Compensation
We account for equity-based transactions with nonemployees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees (ASC 505-50). ASC 505-50 establishes that equity-based payment transactions with nonemployees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The fair value of common stock issued for payments to nonemployees is measured at the market price on the date of grant. The fair value of equity instruments, other than common stock, is estimated using the Black-Scholes option valuation model. In general, we recognize the fair value of the equity instruments issued as deferred stock compensation and amortize the cost over the term of the contract.
We account for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, CompensationStock Compensation, which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered.
Basic Income (Loss) Per Share
Basic income (loss) per share is calculated by dividing the Companys net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Companys net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of July 31, 2015 and 2014.
Recent Accounting Pronouncements
The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.
NOTE 3 GOING CONCERN
The accompanying unaudited condensed financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has had no revenue as of July 31, 2015 and has an accumulated deficit of $363,466. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of time.
Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of managements efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.
NOTE 4 INTANGIBLE ASSETS
Effective March 31, 2015, the Company finalized an asset purchase agreement with KZRP Partners. The assets purchased include software, intellectual property, code, processes and other software and processes known as Coubox. The purchase price is $150,000 to be paid with the issuance of 1,000,000 shares of common stock. As of July 31, 2015, the shares have not yet been issued and are therefore shown as a stock payable in the financial statements. The assets will be amortized over their estimated useful life of three years.
Assets stated at cost, less accumulated amortization consisted of the following:
| July 31, 2015 | | April 30, 2015 |
Intangible asset | $ | 150,000 | | $ | 150,000 |
Less: accumulated amortization | | (16,668) | | | (4,167) |
Intangible assets, net | $ | 133,332 | | $ | 145,833 |
Amortization expense for the period ended July 31, 2015 and 2014, was $12,501 and $0, respectively.
NOTE 5 RELATED PARTY TRANSACTIONS
As of April 30, 2015, the CEO and companies owned by the CEO advanced the Company a total of $260,776 to pay for legal, auditing, consulting fees and other general operating costs. The advances are unsecured, non-interest bearing and due on demand.
During the quarter ended July 31, 2015, companies owned by the CEO advanced the Company an additional $41,439. The advances are unsecured, non-interest bearing and due on demand.
NOTE 6 COMMON STOCK
During the year ended April 30, 2014, the Company issued 41,066,850 shares of common stock for cash proceeds of $22,400 for approximately $0.000545 per share.
NOTE 7 RESTATED FINANCIAL STATEMENTS
The financial statements for the three months ended July 31, 2014 have been amended for failure to record certain expenses and related party loans. A summary of the restated July 31, 2014 Balance Sheet and Statement of Operations is as follows.
| July 31, 2014 |
Current Assets: | | As Reported | | Adjustment | | As Restated |
Cash | $ | - | $ | - | $ | - |
Prepaid expense | | 1,286 | | - | | 1,286 |
| | | | | | |
TOTAL ASSETS | $ | 1,286 | $ | - | $ | 1,286 |
| | | | | | |
Current Liabilities: | | | | | | |
Accounts payable | $ | - | $ | 1,508 | $ | 1,508 |
Due to related parties | | 14,300 | | 85,479 | | 99,779 |
Total Liabilities | | 14,300 | | 86,987 | | 101,287 |
| | | | | | |
STOCKHOLDERS EQUITY (DEFICIT) | | | | | | |
Common Stock | | 2,336 | | - | | 2,336 |
Additional paid-in capital | | 29,564 | | - | | 29,564 |
Accumulated deficit | | (44,914) | | (86,987) | | (131,901) |
Total Stockholders Equity (Deficit) | | (13,014) | | (86,987) | | (100,001) |
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) | $ | 1,286 | $ | - | $ | 1,286 |
For the Three Months Ended July 31, 2014 |
| | As Reported | | Adjustment | | As Restated |
Revenue | $ | - | $ | - | $ | - |
| | | | | | |
Operating Expenses: | | | | | | |
General and administrative | | 2,016 | | 34,779 | | 36,795 |
Marketing and promotion | | - | | 50,700 | | 50,700 |
Professional Fees | | 10,998 | | 1,508 | | 12,506 |
| | | | | | |
Total operating expenses | | 13,014 | | 86,987 | | 100,001 |
| | | | | | |
Loss from operations | | (13,014) | | (86,987) | | (100,001) |
| | | | | | |
Net Loss | $ | (13,014) | $ | (86,987) | $ | (100,001) |
NOTE 8 SUBSEQUENT EVENTS
In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued, September 2, 2015 and through the date of the filing, and has determined that it does not have any material subsequent events to disclose in these financial statements.
ITEM 2: MANAGEMENTS DISCUSSION AND ANALYSIS AND PLAN OF OPERATION
The following discussion of our financial condition and results of operations should be read in conjunction with the financial statements and related notes to the financial statements included elsewhere in this filing as well as with Managements Discussion and Analysis or Plan of Operations contained in the Companys Report on Form 10-K, for the year ended April 30, 2015, filed on August 13, 2015 with the Securities and Exchange Commission.
Forward Looking Statements
Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
Plan of Operations
Our business is advertising of products and services using SMS technology. We believe that traditional advertising has been undergoing a shift from being dominant; and mobile advertising is quickly becoming one of the most effective ways to reach target audiences anytime and anywhere.
We intend to offer the following services:
·
Mobile-friendly websites: A mobile optimized website is a website that is designed specifically for smartphones, not a desktop computer. This is important because the small screen is much different than a 17" screen. Mobile screen real estate is smaller and must be used much more strategically.
·
A mobile optimized website doesn't require that someone scroll left/right. It doesn't require that someone pinch and zoom to read text, either. On a mobile site, the navigation is built for efficiency, the images are optimized for quick loading and the content is minimized to be most effective. Additionally, mobile-only functionality includes tap-to-call, tap-to-email and tap for Google Maps functionality, that respectfully allows mobile site visitors to call, send an email or show business location on an integrated Google maps application with only one click, without need to punch numbers or letters one by one, making it much more efficient and useful for a mobile website visitor.
·
SMS text message marketing: Sending marketing offers through cellphones SMS (Short Message Service) that enable targeted marketing in the last minute. The Mobile Lads system relies on SMS technology with no real application needed in the mobile device. Only basic SMS support is required which is present in every mobile phone. From the users point of view the advertisement procedure starts when the user receives a Mobile Lads SMS ad with the advertised product, information and product identification code. The user then simply presents the product identification code at the register at the point of sale to receive mentioned discount or special offer.
·
QR (Quick Response) codes: A QR code (quick response code) is a type of 2D bar code that is used to provide easy access to information through a smartphone application that is designed to read that bar code working in conjunction with the phone's camera. The reader interprets the code, which typically contains a call to action such as an invitation to download a mobile application, a link to view a video or an SMS message inviting the viewer to respond to a poll. The phone's owner can choose to act upon the call to action or click cancel and ignore the invitation.
We are not involved in developing a web based management system for our operations. We intend to use third party applications for our needs. We signed a web based terms and services agreement with Twilio Inc., and would act as a reseller of Twilio Inc services, (SMS messaging services). Twilio Inc itself does not work with retail businesses. It works only with marketers/resellers, who buy their credits/SMS in bulk.
Results of Operations for the three months ended July 31, 2015 and 2014
We did not generate any revenues for the three months ended July 31, 2015 and 2014.
General and administrative expense decreased $1,441 to $35,354 for the three months ended July 31, 2015 from $36,795 for the three months ended July 31, 2014. The decrease in general and administrative expense is mainly attributed to a decrease in consulting fees.
Marketing and promotional fees decreased $50,700 to $0 for the three months ended July 31, 2015 from $50,700 for the three months ended July 31, 2014. During the current period no fees were incurred for marketing activities.
Professional fees decreased $5,172 to $7,334 for the three months ended July 31, 2015 from $12,506 for the three months ended July 31, 2014. Professional fees consists mostly of costs for accounting, audit and legal services.
Our net loss for the three months ended July 31, 2015 was $42,688 compared to $100,001 for the three months ended July 31, 2014. The decrease in net loss is a direct result of the decrease in marketing expense.
Liquidity and Capital Resources
Cash Flows from Operating Activities
We have not generated positive cash flows from operating activities. For the three months ended July 31, 2015, net cash flows used in operating activities was $41,128 compared to $99,779 for the three months ended July 31, 2014.
Cash Flows from Investing Activities
We have not generated any cash flows from investing activities.
Cash Flows from Financing Activities
We have financed our operations primarily from either cash advances from officers, directors and other related parties or the issuance of equity. For the three months ended July 31, 2015, cash flows from financing activities was $41,439.
We expect that working capital requirements will continue to be funded through a combination of loans and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.
Additional cash advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements.
Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.
Off-Balance Sheet Arrangements
None
Going Concern
The accompanying financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has had no revenue as of July 31, 2015 and an accumulated deficit of $363,466. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
Not applicable.
ITEM 4. CONTROLS AND PROCEDURES
Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commissions rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuers management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of July 31, 2015. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the three month period ended July 31, 2015 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.
ITEM 1A. RISK FACTORS
A smaller reporting company is not required to include this item.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
ITEM 5. OTHER INFORMATION
None
ITEM 6. EXHIBITS
Exhibit Number | Exhibit Description |
31.1 | Certification of the Chief Executive Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
31.2 | Certification of the Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
32.1 | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
32.2 | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
EX-101.INS | XBRL Instance Document |
EX-101.SCH | XBRL Taxonomy Extension Schema |
EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase |
EX-101.LAB | XBRL Taxonomy Extension Label Linkbase |
EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
EX-101.DEF | XBRL Taxonomy Extension Definition Linkbase |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
| MOBILE LADS CORP. |
| |
| By: /s/ Michael Anthony Paul |
Date: September 14, 2015 | Michael Anthony Paul |
| President, Chief Executive Officer, |
| Director |
| |
Pursuant to the requirements of the Exchange Act this Report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Signature | Title | Date |
| | |
/s/ Michael Anthony Paul | President, Chief Executive | September 14, 2015 |
Michael Anthony Paul | Officer, Director | |
| | |
/s/ Alpha Pang | Chief Financial Officer, Director, Secretary, Treasurer | September 14, 2015 |
Alpha Pang | |
| | |
/s/ Muhammed Khan | Director | September 14, 2015 |
Muhammed Khan | |
Exhibit 31.1
Certification of the Chief Executive Officer Pursuant to Rule 13a-14 or 15d-14 of
the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
I, Michael Anthony Paul, certify that:
1. | I have reviewed this Quarterly Report on Form 10-Q of Mobile Lads Corp. |
| |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report. |
| |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report. |
| |
4. | I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the Registrant and have: |
| a. | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
| | |
| b. | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
| | |
| c. | Evaluated the effectiveness of the Registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
| | |
| d. | Disclosed in this report any change in the Registrants internal control over financial reporting that occurred during the period covered by the quarter report that has materially affected, or is reasonably likely to materially affect, the Registrants internal control over financial reporting. |
5. | I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the Registrants auditors and the audit committee of the Registrants board of directors (or persons performing the equivalent functions): |
| a. | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrants ability to record, process, summarize and report financial information; and |
| | |
| b. | Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrants internal control over financial reporting. |
By: /s/ Michael Anthony Paul
Michael Anthony Paul
President and Chief Executive Officer
September 14, 2015
Exhibit 31.2
Certification of the Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of the
Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
I, Alpha Pang, certify that:
1. | I have reviewed this Quarterly Report on Form 10-Q of Mobile Lads Corp. |
| |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report. |
| |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report. |
| |
4. | I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the Registrant and have: |
| a. | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
| | |
| b. | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
| | |
| c. | Evaluated the effectiveness of the Registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
| | |
| d. | Disclosed in this report any change in the Registrants internal control over financial reporting that occurred during the period covered by the quarter report that has materially affected, or is reasonably likely to materially affect, the Registrants internal control over financial reporting. |
5. | I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the Registrants auditors and the audit committee of the Registrants board of directors (or persons performing the equivalent functions): |
| a. | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrants ability to record, process, summarize and report financial information; and |
| | |
| b. | Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrants internal control over financial reporting. |
By: /s/ Alpha Pang
Alpha Pang
Chief Financial Officer, Principal Accounting Officer
September 14, 2015
Exhibit 32.1 |
|
Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to |
Section 906 of the Sarbanes-Oxley Act of 2002 |
In connection with the Quarterly Report of Mobile Lads Corp., (the Company) on Form 10-Q for the period ended July 31, 2015, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Michael Anthony Paul, Chief Executive Officer of the Company certify, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:
1. | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
| |
2. | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. |
By: /s/ Michael Anthony Paul
Michael Anthony Paul
President and Chief Executive Officer
September 14, 2015
Exhibit 32.2 |
|
Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to |
Section 906 of the Sarbanes-Oxley Act of 2002 |
In connection with the Quarterly Report of Mobile Lads Corp., (the Company) on Form 10-Q for the period July 31, 2015, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Alpha Pang, Chief Financial Officer of the Company certify, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:
1. | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
| |
2. | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. |
By: /s/ Alpha Pang
Alpha Pang
Chief Financial Officer, Principal Accounting Officer
September 14, 2015
v3.3.0.814
X |
- References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
dei_CurrentFiscalYearEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gMonthDayItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
dei_DocumentFiscalPeriodFocus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fiscalPeriodItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
dei_DocumentFiscalYearFocus |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gYearItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
dei_EntityCommonStockSharesOutstanding |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
dei_EntityCurrentReportingStatus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
dei_EntityFilerCategory |
Namespace Prefix: |
dei_ |
Data Type: |
dei:filerCategoryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
dei_EntityVoluntaryFilers |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
dei_EntityWellKnownSeasonedIssuer |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Condensed Balance Sheets - USD ($)
|
Jul. 31, 2015 |
Apr. 30, 2015 |
Current Assets: |
|
|
Cash |
$ 311
|
|
Prepaid |
2,147
|
|
Total current assets |
2,458
|
|
Intangible assets, net |
133,332
|
$ 145,833
|
Total Assets |
135,790
|
145,833
|
Current Liabilities: |
|
|
Accounts payable |
7,641
|
20,935
|
Accrued officer compensation |
7,500
|
3,000
|
Due to related parties |
302,215
|
260,776
|
Total Liabilities |
317,356
|
284,711
|
Stockholders' Equity: |
|
|
Common stock, par value $0.00001; 250,000,000 shares authorized, 233,566,850 and 233,566,850 shares issued and outstanding; respectively |
2,336
|
2,336
|
Common stock payable |
150,000
|
150,000
|
Additional paid in capital |
29,564
|
29,564
|
Accumulated deficit |
(363,466)
|
(320,778)
|
Total Stockholders' Equity (Deficit) |
(181,566)
|
(138,878)
|
Total Liabilities and Stockholders' Equity (Deficit) |
$ 135,790
|
$ 145,833
|
X |
- References
+ Details
Name: |
us-gaap_AccountsPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AccruedLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AdditionalPaidInCapital |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_Assets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_CommonStockSharesSubscriptions |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_CommonStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesAndStockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_PrepaidExpenseCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Condensed Balance Sheets (Parenthetical) - $ / shares
|
Jul. 31, 2015 |
Apr. 30, 2015 |
Statement of Financial Position [Abstract] |
|
|
Common stock, par value per share |
$ 0.00001
|
$ 0.00001
|
Common stock, shares authorized |
250,000,000
|
250,000,000
|
Common stock, shares issued |
233,566,850
|
233,566,850
|
Common stock, shares outstanding |
233,566,850
|
233,566,850
|
X |
- References
+ Details
Name: |
us-gaap_CommonStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_CommonStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_CommonStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_CommonStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StatementOfFinancialPositionAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Condensed Statements Of Operations (Unaudited) - USD ($)
|
3 Months Ended |
Jul. 31, 2015 |
Jul. 31, 2014 |
Income Statement [Abstract] |
|
|
Revenue |
|
|
Operating Expenses: |
|
|
General and administrative |
$ 35,354
|
$ 36,795
|
Marketing and promotion |
|
50,700
|
Professional Fees |
$ 7,334
|
12,506
|
Total operating expenses |
42,688
|
100,001
|
Loss from operations |
$ (42,688)
|
$ (100,001)
|
Provision for Income Taxes |
|
|
Net Loss |
$ (42,688)
|
$ (100,001)
|
Net Loss per share - basic |
$ 0.00
|
$ 0.00
|
Weighted average shares outstanding, basic & diluted |
233,566,850
|
233,566,850
|
X |
- References
+ Details
Name: |
us-gaap_EarningsPerShareBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_GeneralAndAdministrativeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncomeStatementAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_MarketingAndAdvertisingExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingExpenses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_ProfessionalFees |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_Revenues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Condensed Statement Of Cash Flows (Unaudited) - USD ($)
|
3 Months Ended |
Jul. 31, 2015 |
Jul. 31, 2014 |
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
Net loss |
$ (42,688)
|
$ (100,001)
|
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
Amortization expense |
12,501
|
|
Changes in assets and liabilities: |
|
|
Increase in prepaids |
2,147
|
$ 1,286
|
Increase (decrease) in accounts payable |
(13,294)
|
$ 1,508
|
Increase in accrued expenses |
4,500
|
|
CASH FLOWS USED IN OPERATING ACTIVITIES |
$ (41,128)
|
$ (99,779)
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
Advances from related parties |
$ 41,439
|
$ 99,779
|
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES |
41,439
|
$ 99,779
|
NET INCREASE IN CASH: |
$ 311
|
|
Cash, beginning of year |
|
|
Cash, end of year |
$ 311
|
|
SUPPLEMENTAL CASH FLOW INFORMATION: |
|
|
Interest paid |
|
|
Income taxes paid |
|
|
Supplemental disclosure of non-cash activities |
|
|
Expenses paid by related party loans |
$ 41,439
|
|
X |
- References
+ Details
Name: |
us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AmortizationOfIntangibleAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccruedLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncreaseDecreaseInOperatingCapitalAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncreaseDecreaseInPrepaidExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_InterestPaid |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_LoansAssumed1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NoncashInvestingAndFinancingItemsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
X |
- References
+ Details
Name: |
us-gaap_NatureOfOperations |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Summary Of Significant Accounting Policies
|
3 Months Ended |
Jul. 31, 2015 |
Accounting Policies [Abstract] |
|
Summary of Significant Accounting Policies |
NOTE 2 SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
Basis of Presentation
The accompanying interim unaudited condensed
financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America
and the rules and regulations of the United States Securities and Exchange Commission for interim financial information. Accordingly,
they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results
of operations, stockholders deficit and cash flows. It is management's opinion, however, that all material adjustments
(consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The
interim results for the three months ended July 31, 2015 are not necessarily indicative of the results for the full fiscal year.
Use of estimates
The preparation of financial statements
in conformity with generally accepted accounting principles 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.
Cash and Cash Equivalents
The Company considers all highly liquid
investments with the original maturities of three months or less to be cash equivalents. There were no cash equivalents as of July
31, 2015 and April 30, 2015.
Intangible assets
Intangible assets are carried at cost
and amortized over their estimated useful lives, generally on a straight-line basis over three years. The Company reviews identifiable
amortizable intangible assets to be held and used for impairment whenever events or changes in circumstances indicate that the
carrying value of the assets may not be recoverable. Determination of recoverability is based on the lowest level of identifiable
estimated undiscounted cash flows resulting from use of the asset and its eventual disposition. Measurement of any impairment loss
is based on the excess of the carrying value of the asset over its fair value.
Fair Value of Financial Instruments
The Companys financial instruments
consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates
fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed
in these financial statements.
ASC Topic 820, Fair Value Measurements
and Disclosures, requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, Financial
Instruments, defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement
that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables
and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the
short period of time between the origination of such instruments and their expected realization and their current market rate of
interest.
The three levels of valuation hierarchy
are defined as follows:
|
· |
Level 1. Observable inputs such as quoted prices in active markets; |
|
· |
Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; |
|
· |
Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. |
Income Taxes
The Company follows Section 740-10-30
of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected
future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred
tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities
using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are
reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.
Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years
in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities
of a change in tax rates is recognized in the Statements of Income and Comprehensive Income in the period that includes the enactment
date.
The Company adopted section 740-10-25
of the FASB Accounting Standards Codification (Section 740-10-25) with regards to uncertainty income taxes. Section
740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded
in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position
only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the
technical merits of the position. The tax benefits recognized in the financial statements from such a position should be
measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.
Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting
in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized
income tax benefits according to the provisions of Section 740-10-25.
Stock-based Compensation
We account for equity-based transactions
with nonemployees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees (ASC 505-50).
ASC 505-50 establishes that equity-based payment transactions with nonemployees shall be measured at the fair value of the consideration
received or the fair value of the equity instruments issued, whichever is more reliably measurable. The fair value of common stock
issued for payments to nonemployees is measured at the market price on the date of grant. The fair value of equity instruments,
other than common stock, is estimated using the Black-Scholes option valuation model. In general, we recognize the fair value of
the equity instruments issued as deferred stock compensation and amortize the cost over the term of the contract.
We account for employee stock-based
compensation in accordance with the guidance of FASB ASC Topic 718, CompensationStock Compensation, which requires
all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements
based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited
to additional paid-in capital over the period during which services are rendered.
Basic Income (Loss) Per Share
Basic income (loss) per share is calculated
by dividing the Companys net loss applicable to common shareholders by the weighted average number of common shares during
the period. Diluted earnings per share is calculated by dividing the Companys net income available to common shareholders
by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding
is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents
outstanding as of July 31, 2015 and 2014.
Recent Accounting Pronouncements
The Company has implemented all new
accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements
unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been
issued that might have a material impact on its financial position or results of operations.
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_SignificantAccountingPoliciesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Going Concern
|
3 Months Ended |
Jul. 31, 2015 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
Going Concern |
NOTE 3 GOING CONCERN
The accompanying unaudited condensed
financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates
the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has had no revenue
as of July 31, 2015 and has an accumulated deficit of $363,466. The Company currently has limited working capital, and has not
completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of
time.
Management anticipates that the Company
will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position
itself so that it may be able to raise additional funds through the capital markets. In light of managements efforts, there
are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue
as a going concern.
|
X |
- References
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_SubstantialDoubtAboutGoingConcernTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Intangible Assets
|
3 Months Ended |
Jul. 31, 2015 |
Intangible Assets |
|
Intangible Assets |
NOTE 4 INTANGIBLE ASSETS
Effective March 31, 2015, the Company
finalized an asset purchase agreement with KZRP Partners. The assets purchased include software, intellectual property, code, processes
and other software and processes known as Coubox. The purchase price is $150,000 to be paid with the issuance of
1,000,000 shares of common stock. As of July 31, 2015, the shares have not yet been issued and are therefore shown as a stock payable
in the financial statements. The assets will be amortized over their estimated useful life of three years.
Assets stated at cost, less accumulated amortization
consisted of the following:
|
|
July 31, 2015 |
|
April 30, 2015 |
Intangible asset |
|
$ |
150,000 |
|
|
$ |
150,000 |
|
Less: accumulated amortization |
|
|
(16,668 |
) |
|
|
(4,167 |
) |
Intangible assets, net |
|
$ |
133,332 |
|
|
$ |
145,833 |
|
Amortization expense for the period
ended July 31, 2015 and 2014, was $12,501 and $0, respectively.
|
X |
- References
+ Details
Name: |
MOBO_DisclosureIntangibleAssetsAbstract |
Namespace Prefix: |
MOBO_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IntangibleAssetsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Related Party Transactions
|
3 Months Ended |
Jul. 31, 2015 |
Related Party Transactions [Abstract] |
|
Related Party Transactions |
NOTE 5 RELATED PARTY TRANSACTIONS
As of April 30, 2015, the CEO and companies
owned by the CEO advanced the Company a total of $260,776 to pay for legal, auditing, consulting fees and other general operating
costs. The advances are unsecured, non-interest bearing and due on demand.
During the quarter ended July 31, 2015,
companies owned by the CEO advanced the Company an additional $41,439. The advances are unsecured, non-interest bearing and due
on demand.
|
X |
- References
+ Details
Name: |
us-gaap_RelatedPartyTransactionsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Common Stock
|
3 Months Ended |
Jul. 31, 2015 |
Equity [Abstract] |
|
Common Stock |
NOTE 6 COMMON STOCK
During the year ended April 30, 2014,
the Company issued 41,066,850 shares of common stock for cash proceeds of $22,400 for approximately $0.000545 per share.
|
X |
- References
+ Details
Name: |
us-gaap_EquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquityNoteDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Restated Financial Statements
|
3 Months Ended |
Jul. 31, 2015 |
Restated Financial Statements |
|
Restated Financial Statements |
NOTE 7 RESTATED FINANCIAL
STATEMENTS
The financial statements for the three
months ended July 31, 2014 have been amended for failure to record certain expenses and related party loans. A summary of the restated
July 31, 2014 Balance Sheet and Statement of Operations is as follows.
|
|
July 31, 2014 |
|
|
As Reported |
|
Adjustment |
|
As Restated |
Current Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Prepaid expense |
|
|
1,286 |
|
|
|
|
|
|
|
1,286 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
|
$ |
1,286 |
|
|
$ |
|
|
|
$ |
1,286 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
|
|
|
$ |
1,508 |
|
|
$ |
1,508 |
|
Due to related parties |
|
|
14,300 |
|
|
|
85,479 |
|
|
|
99,779 |
|
Total Liabilities |
|
|
14,300 |
|
|
|
86,987 |
|
|
|
101,287 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS EQUITY (DEFICIT) |
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock |
|
|
2,336 |
|
|
|
|
|
|
|
2,336 |
|
Additional paid-in capital |
|
|
29,564 |
|
|
|
|
|
|
|
29,564 |
|
Accumulated deficit |
|
|
(44,914 |
) |
|
|
(86,987 |
) |
|
|
(131,901 |
) |
Total Stockholders Equity (Deficit) |
|
|
(13,014 |
) |
|
|
(86,987 |
) |
|
|
(100,001 |
) |
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) |
|
$ |
1,286 |
|
|
$ |
|
|
|
$ |
1,286 |
|
For the Three Months Ended July 31,
2014 |
|
|
As Reported |
|
Adjustment |
|
As Restated |
Revenue |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
General and administrative |
|
|
2,016 |
|
|
|
34,779 |
|
|
|
36,795 |
|
Marketing and promotion |
|
|
|
|
|
|
50,700 |
|
|
|
50,700 |
|
Professional Fees |
|
|
10,998 |
|
|
|
1,508 |
|
|
|
12,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses |
|
|
13,014 |
|
|
|
86,987 |
|
|
|
100,001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations |
|
|
(13,014 |
) |
|
|
(86,987 |
) |
|
|
(100,001 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
|
$ |
(13,014 |
) |
|
$ |
(86,987 |
) |
|
$ |
(100,001 |
) |
|
X |
- References
+ Details
Name: |
MOBO_DisclosureRestatedFinancialStatementsAbstract |
Namespace Prefix: |
MOBO_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire text block gives Restated Financial Statements
+ References
+ Details
Name: |
MOBO_RestatedFinancialStatementsDisclosureTextBlock |
Namespace Prefix: |
MOBO_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Subsequent Events
|
3 Months Ended |
Jul. 31, 2015 |
Subsequent Events [Abstract] |
|
Subsequent Events |
NOTE 8 SUBSEQUENT EVENTS
In accordance with SFAS 165 (ASC 855-10)
management has performed an evaluation of subsequent events through the date that the financial statements were available to be
issued, September 2, 2015 and through the date of the filing, and has determined that it does not have any material subsequent
events to disclose in these financial statements.
|
X |
- References
+ Details
Name: |
us-gaap_SubsequentEventsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_SubsequentEventsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Summary Of Significant Accounting Policies (Policies)
|
3 Months Ended |
Jul. 31, 2015 |
Accounting Policies [Abstract] |
|
Basis of Presentation |
Basis of Presentation
The accompanying interim unaudited condensed
financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America
and the rules and regulations of the United States Securities and Exchange Commission for interim financial information. Accordingly,
they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results
of operations, stockholders deficit and cash flows. It is management's opinion, however, that all material adjustments
(consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The
interim results for the three months ended July 31, 2015 are not necessarily indicative of the results for the full fiscal year.
|
Use of Estimates |
Use of estimates
The preparation of financial statements
in conformity with generally accepted accounting principles 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.
|
Cash and Cash Equivalents |
Cash and Cash Equivalents
The Company considers all highly liquid
investments with the original maturities of three months or less to be cash equivalents. There were no cash equivalents as of July
31, 2015 and April 30, 2015.
|
Intangible Assets |
Intangible assets
Intangible assets are carried at cost
and amortized over their estimated useful lives, generally on a straight-line basis over three years. The Company reviews identifiable
amortizable intangible assets to be held and used for impairment whenever events or changes in circumstances indicate that the
carrying value of the assets may not be recoverable. Determination of recoverability is based on the lowest level of identifiable
estimated undiscounted cash flows resulting from use of the asset and its eventual disposition. Measurement of any impairment loss
is based on the excess of the carrying value of the asset over its fair value.
|
Fair Value of Financial Instruments |
Fair Value of Financial Instruments
The Companys financial instruments
consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates
fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed
in these financial statements.
ASC Topic 820, Fair Value Measurements
and Disclosures, requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, Financial
Instruments, defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement
that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables
and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the
short period of time between the origination of such instruments and their expected realization and their current market rate of
interest.
The three levels of valuation hierarchy
are defined as follows:
|
· |
Level 1. Observable inputs such as quoted prices in active markets; |
|
· |
Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; |
|
· |
Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. |
|
Income Taxes |
Income Taxes
The Company follows Section 740-10-30
of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected
future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred
tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities
using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are
reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.
Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years
in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities
of a change in tax rates is recognized in the Statements of Income and Comprehensive Income in the period that includes the enactment
date.
The Company adopted section 740-10-25
of the FASB Accounting Standards Codification (Section 740-10-25) with regards to uncertainty income taxes. Section
740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded
in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position
only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the
technical merits of the position. The tax benefits recognized in the financial statements from such a position should be
measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.
Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting
in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized
income tax benefits according to the provisions of Section 740-10-25.
|
Stock-Based Compensation |
Stock-based Compensation
We account for equity-based transactions
with nonemployees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees (ASC 505-50).
ASC 505-50 establishes that equity-based payment transactions with nonemployees shall be measured at the fair value of the consideration
received or the fair value of the equity instruments issued, whichever is more reliably measurable. The fair value of common stock
issued for payments to nonemployees is measured at the market price on the date of grant. The fair value of equity instruments,
other than common stock, is estimated using the Black-Scholes option valuation model. In general, we recognize the fair value of
the equity instruments issued as deferred stock compensation and amortize the cost over the term of the contract.
We account for employee stock-based
compensation in accordance with the guidance of FASB ASC Topic 718, CompensationStock Compensation, which requires
all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements
based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited
to additional paid-in capital over the period during which services are rendered.
|
Basic Income (Loss) Per Share |
Basic Income (Loss) Per Share
Basic income (loss) per share is calculated
by dividing the Companys net loss applicable to common shareholders by the weighted average number of common shares during
the period. Diluted earnings per share is calculated by dividing the Companys net income available to common shareholders
by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding
is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents
outstanding as of July 31, 2015 and 2014.
|
Recent Accounting Pronouncements |
Recent Accounting Pronouncements
The Company has implemented all new
accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements
unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been
issued that might have a material impact on its financial position or results of operations.
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_BasisOfAccountingPolicyPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_EarningsPerSharePolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_FairValueOfFinancialInstrumentsPolicy |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncomeTaxPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IntangibleAssetsFiniteLivedPolicy |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_UseOfEstimates |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Intangible Assets (Tables)
|
3 Months Ended |
Jul. 31, 2015 |
Intangible Assets Tables |
|
Schedule of Intangible Assets |
Assets stated at cost, less accumulated amortization
consisted of the following:
|
|
July 31, 2015 |
|
April 30, 2015 |
Intangible asset |
|
$ |
150,000 |
|
|
$ |
150,000 |
|
Less: accumulated amortization |
|
|
(16,668 |
) |
|
|
(4,167 |
) |
Intangible assets, net |
|
$ |
133,332 |
|
|
$ |
145,833 |
|
|
X |
- References
+ Details
Name: |
MOBO_DisclosureIntangibleAssetsTablesAbstract |
Namespace Prefix: |
MOBO_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
Restated Financial Statements (Tables)
|
3 Months Ended |
Jul. 31, 2015 |
Restated Financial Statements Tables |
|
Summary of Restated Balance Sheet |
A summary of the restated July 31, 2014
Balance Sheet is as follows.
|
|
July 31, 2014 |
|
|
As Reported |
|
Adjustment |
|
As Restated |
Current Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Prepaid expense |
|
|
1,286 |
|
|
|
|
|
|
|
1,286 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
|
$ |
1,286 |
|
|
$ |
|
|
|
$ |
1,286 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
|
|
|
$ |
1,508 |
|
|
$ |
1,508 |
|
Due to related parties |
|
|
14,300 |
|
|
|
85,479 |
|
|
|
99,779 |
|
Total Liabilities |
|
|
14,300 |
|
|
|
86,987 |
|
|
|
101,287 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS EQUITY (DEFICIT) |
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock |
|
|
2,336 |
|
|
|
|
|
|
|
2,336 |
|
Additional paid-in capital |
|
|
29,564 |
|
|
|
|
|
|
|
29,564 |
|
Accumulated deficit |
|
|
(44,914 |
) |
|
|
(86,987 |
) |
|
|
(131,901 |
) |
Total Stockholders Equity (Deficit) |
|
|
(13,014 |
) |
|
|
(86,987 |
) |
|
|
(100,001 |
) |
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) |
|
$ |
1,286 |
|
|
$ |
|
|
|
$ |
1,286 |
|
|
Summary of Restated Statement of Operations |
A summary of the restated July 31, 2014 Statement of Operations is as follows.
For the Three Months Ended July 31,
2014 |
|
|
As Reported |
|
Adjustment |
|
As Restated |
Revenue |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
General and administrative |
|
|
2,016 |
|
|
|
34,779 |
|
|
|
36,795 |
|
Marketing and promotion |
|
|
|
|
|
|
50,700 |
|
|
|
50,700 |
|
Professional Fees |
|
|
10,998 |
|
|
|
1,508 |
|
|
|
12,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses |
|
|
13,014 |
|
|
|
86,987 |
|
|
|
100,001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations |
|
|
(13,014 |
) |
|
|
(86,987 |
) |
|
|
(100,001 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
|
$ |
(13,014 |
) |
|
$ |
(86,987 |
) |
|
$ |
(100,001 |
) |
|
X |
- References
+ Details
Name: |
MOBO_DisclosureRestatedFinancialStatementsTablesAbstract |
Namespace Prefix: |
MOBO_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire text block gives Summary of restated balance sheet
+ References
+ Details
Name: |
MOBO_SummaryOfRestatedBalanceSheetTableTextBlock |
Namespace Prefix: |
MOBO_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_RestatementToPriorYearIncomeTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
X |
- References
+ Details
Name: |
MOBO_DisclosureIntangibleAssetsDetailsAbstract |
Namespace Prefix: |
MOBO_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.3.0.814
Restated Financial Statements (Summary of Restated Balance Sheets) (Details) - USD ($)
|
Jul. 31, 2015 |
Apr. 30, 2015 |
Jul. 31, 2014 |
Apr. 30, 2014 |
Current Assets: |
|
|
|
|
Cash |
$ 311
|
|
|
|
Prepaid expense |
2,147
|
|
|
|
TOTAL ASSETS |
135,790
|
$ 145,833
|
|
|
Current Liabilities: |
|
|
|
|
Accounts payable |
7,641
|
20,935
|
|
|
Due to related parties |
302,215
|
260,776
|
|
|
Total Liabilities |
317,356
|
284,711
|
|
|
STOCKHOLDERS' EQUITY (DEFICIT) |
|
|
|
|
Common Stock |
2,336
|
2,336
|
|
|
Additional paid-in capital |
29,564
|
29,564
|
|
|
Accumulated deficit |
(363,466)
|
(320,778)
|
|
|
Total Stockholders' Equity (Deficit) |
(181,566)
|
(138,878)
|
|
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |
$ 135,790
|
$ 145,833
|
|
|
As Reported [Member] |
|
|
|
|
Current Assets: |
|
|
|
|
Cash |
|
|
|
|
Prepaid expense |
$ 1,286
|
|
|
|
TOTAL ASSETS |
$ 1,286
|
|
|
|
Current Liabilities: |
|
|
|
|
Accounts payable |
|
|
|
|
Due to related parties |
$ 14,300
|
|
|
|
Total Liabilities |
14,300
|
|
|
|
STOCKHOLDERS' EQUITY (DEFICIT) |
|
|
|
|
Common Stock |
2,336
|
|
|
|
Additional paid-in capital |
29,564
|
|
|
|
Accumulated deficit |
(44,914)
|
|
|
|
Total Stockholders' Equity (Deficit) |
(13,014)
|
|
|
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |
$ 1,286
|
|
|
|
Adjustment [Member] |
|
|
|
|
Current Assets: |
|
|
|
|
Cash |
|
|
|
|
Prepaid expense |
|
|
|
|
TOTAL ASSETS |
|
|
|
|
Current Liabilities: |
|
|
|
|
Accounts payable |
$ 1,508
|
|
|
|
Due to related parties |
85,479
|
|
|
|
Total Liabilities |
$ 86,987
|
|
|
|
STOCKHOLDERS' EQUITY (DEFICIT) |
|
|
|
|
Common Stock |
|
|
|
|
Additional paid-in capital |
|
|
|
|
Accumulated deficit |
$ (86,987)
|
|
|
|
Total Stockholders' Equity (Deficit) |
$ (86,987)
|
|
|
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |
|
|
|
|
As Restated [Member] |
|
|
|
|
Current Assets: |
|
|
|
|
Cash |
|
|
|
|
Prepaid expense |
$ 1,286
|
|
|
|
TOTAL ASSETS |
1,286
|
|
|
|
Current Liabilities: |
|
|
|
|
Accounts payable |
1,508
|
|
|
|
Due to related parties |
99,779
|
|
|
|
Total Liabilities |
101,287
|
|
|
|
STOCKHOLDERS' EQUITY (DEFICIT) |
|
|
|
|
Common Stock |
2,336
|
|
|
|
Additional paid-in capital |
29,564
|
|
|
|
Accumulated deficit |
(131,901)
|
|
|
|
Total Stockholders' Equity (Deficit) |
(100,001)
|
|
|
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |
$ 1,286
|
|
|
|
X |
- References
+ Details
Name: |
us-gaap_AccountsPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AdditionalPaidInCapital |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_Assets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_CommonStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesAndStockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_PrepaidExpenseCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementScenarioAxis=us-gaap_ScenarioPreviouslyReportedMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementScenarioAxis=us-gaap_ScenarioAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementScenarioAxis=us-gaap_RestatementAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.3.0.814
Restated Financial Statements (Summary of Statement of Operations) (Details) - USD ($)
|
3 Months Ended |
Jul. 31, 2015 |
Jul. 31, 2014 |
Revenue |
|
|
Operating Expenses: |
|
|
General and administrative |
$ 35,354
|
$ 36,795
|
Marketing and promotion |
|
50,700
|
Professional Fees |
$ 7,334
|
12,506
|
Total operating expenses |
42,688
|
100,001
|
Loss from operations |
(42,688)
|
(100,001)
|
Net Loss |
$ (42,688)
|
$ (100,001)
|
As Reported [Member] |
|
|
Revenue |
|
|
Operating Expenses: |
|
|
General and administrative |
$ 2,016
|
|
Marketing and promotion |
|
|
Professional Fees |
$ 10,998
|
|
Total operating expenses |
13,014
|
|
Loss from operations |
(13,014)
|
|
Net Loss |
$ (13,014)
|
|
Adjustment [Member] |
|
|
Revenue |
|
|
Operating Expenses: |
|
|
General and administrative |
$ 34,779
|
|
Marketing and promotion |
50,700
|
|
Professional Fees |
1,508
|
|
Total operating expenses |
86,987
|
|
Loss from operations |
(86,987)
|
|
Net Loss |
$ (86,987)
|
|
As Restated [Member] |
|
|
Revenue |
|
|
Operating Expenses: |
|
|
General and administrative |
$ 36,795
|
|
Marketing and promotion |
50,700
|
|
Professional Fees |
12,506
|
|
Total operating expenses |
100,001
|
|
Loss from operations |
(100,001)
|
|
Net Loss |
$ (100,001)
|
|
X |
- References
+ Details
Name: |
us-gaap_GeneralAndAdministrativeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_MarketingAndAdvertisingExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingExpenses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_ProfessionalFees |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_Revenues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementScenarioAxis=us-gaap_ScenarioPreviouslyReportedMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementScenarioAxis=us-gaap_ScenarioAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementScenarioAxis=us-gaap_RestatementAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.3.0.814
X |
- References
+ Details
Name: |
us-gaap_CommonStockSharesSubscribedButUnissued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetUsefulLife |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NoncashOrPartNoncashAcquisitionDescription |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=MOBO_AssetPurchaseAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_FiniteLivedIntangibleAssetsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.3.0.814
X |
- References
+ Details
Name: |
us-gaap_DebtInstrumentDescription |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.0.814
X |
- References
+ Details
Name: |
us-gaap_ProceedsFromIssuanceOfCommonStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_SharesIssuedPricePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesNewIssues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
Mobile Lads (CE) (USOTC:MOBO)
Historical Stock Chart
From Sep 2024 to Oct 2024
Mobile Lads (CE) (USOTC:MOBO)
Historical Stock Chart
From Oct 2023 to Oct 2024