10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 FORM 10-Q/A

Amendment No. 1

 QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2012

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934

For the transition period from ______ to _______

Commission File Number 333-170096

SOLO INTERNATIONAL, INC.

(Name of small business issuer in its charter)

Nevada	68-0680819
(State of incorporation)	(I.R.S. Employer Identification No.)

871 Coronado Center Drive

Suite 200

Henderson, NV 89052

(Address of principal executive offices)

(702) 330-3285

(Registrant’s telephone number)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes  x    No  o

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 (Not required)   o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer      o                                                Accelerated Filer                     o

Non-Accelerated Filer         o                                                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 o    No x

As of August 8, 2012, there were 288,200,000shares of the registrant’s $0.001 par value common stock issued and outstanding.

1

EXPLANATORY NOTE

The purpose of this Amendment No. 1 to Solo International Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2012, filed with the Securities and Exchange Commission on August 14, 2012 (the “Form 10-Q”), is to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 to this report provides the consolidated financial statements and related notes from the Form 10-Q formatted in XBRL (eXtensible Business Reporting Language);

No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.

Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

2

ITEM 6.                EXHIBITS

Exhibit Number	Description of Exhibit	Filing
3.01	Articles of Incorporation	Filed with the SEC on October 22, 2010 as part of our Registration Statement on Form S-1.
3.01(a)	Certificate of Change	Filed with the SEC on November 7, 2011 as part of our Current Report on Form 8-K.
3.02	Bylaws	Filed with the SEC on October 22, 2010 as part of our Registration Statement on Form S-1.
10.01	Service Agreement between Solo International, Inc. and “TIRCARS” Sp. J dated August 30, 2010	Filed with the SEC on October 22, 2010 as part of our Registration Statement on Form S-1.
10.02	Securities Purchase Agreement between Solo International, Inc. and Craigstone Ltd., dated November 4, 2011	Filed with the SEC on November 15, 2011 as part of our Current Report on Form 8-K.
10.03	Option Agreement by and between Solo International, Inc. and 9228-6202 Quebec Inc., dated November 15, 2011	Filed with the SEC on November 23, 2011 as part of our Current Report on Form 8-K
10.04	Amended Option Agreement by and between 9252-4768 Quebec Inc. and 9228-6202 Quebec Inc. dated December 20, 2011	Filed with the SEC on January 3, 2012 as part of our Amended Current Report on Form 8-K/A.
10.05	Securities Purchase Agreement between Solo International, Inc. and Craigstone Ltd., dated January 10, 2012	Filed with the SEC on January 12, 2012 as part of our Current Report on Form 8-K.
31.01	Certification of Principal Executive Officer Pursuant to Rule 13a-14	Filed with the SEC on August 14, 2012
31.02	Certification of Principal Financial Officer Pursuant to Rule 13a-14	Filed with the SEC on August 14, 2012
32.01	CEO and CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed with the SEC on August 14, 2012
101.INS	XBRL Instance Document	Filed herewith
101.SCH	XBRL Taxonomy Extension Schema Document	Filed herewith
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith
101.LAB	XBRL Taxonomy Extension Label Linkbase Document	Filed herewith
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith

3

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SOLO INTERNATIONAL, INC.

Dated:  September 13, 2012                                                       /s/ Michel Plante

By: Michel Plante

Its: President, Principal Executive Officer & Principal Financial Officer (Principal Accounting Officer)

4

XML

Convertible Promissory Notes, Net (Details Narrative) (USD $)	3 Months Ended	9 Months Ended
	Jun. 30, 2012	Jun. 30, 2012
Notes to Financial Statements
Number of Units, convertible note		1
Warrants granted, convertible note, in shares		250,000
Convertible note, additional cash proceeds		$ 285,000
Warrants granted, convertible note additions, in shares		625,000
Percent of average trading price used for conversion price		7500.00%
Number of days prior to conversion on which average trading price determined		30
Term of Warrant		3
Warrant exercise price 1		$ 0.20
Warrant exercise price 2		75.00%
Number of days average trading price prior to exercise on which warrant price determined		30
Interest rate		10.00%
Beneficial conversion feature, issue date, gross value		(172,764)
Warrant discount, issue date, gross value		(44,431)
Amortization discount, three months, expensed	50,227
Amortization discount, nine months, expensed		$ 99,094

XML

Common Stock

9 Months Ended

Jun. 30, 2012

Equity [Abstract]

Common Stock

4. COMMON STOCK

The authorized capital of the Company is 900,000,000 common shares with a par value of $ 0.001 per share.

On June 21, 2010, the Company issued 300,000,000 shares of common stock to Yury Shcharbakou, its sole Director, for total cash proceeds of $3,000.

On August 27, 2010, the Company issued 72,000,000 shares of common stock for total cash proceeds of $14,400.

On September 30, 2010, the Company issued 16,000,000 shares of common stock for total cash proceeds of $4,800.

As reflected in the dates above, during the period April 30, 2010 (Inception) to September 30, 2010, the Company sold a total of 388,000,000 shares of common stock for total cash proceeds of $22,200.

The Board of Directors determined on October 12, 2011 to forward split the issued and outstanding shares of the Company on the basis of 100 for 1, whereby the Company would issue as a dividend a total of 99 additional shares for each share currently held. FINRA confirmed approval of the forward split, payable as a dividend to shareholders, and the forward split became effective on October 21, 2011. The forward split shares are payable upon surrender of certificates to the Company's transfer agent. The effect of the stock split has been recognized retroactively in the stockholders’ deficit accounts as of April 30, 2010, and in all shares and per share data in these financial statements.

On April 2, 2012, the principal and controlling shareholder of Solo International Inc. (the “Company”) returned 100,000,000 shares (100 Million) of the Company’s issued shares of common stock held by the shareholder for cancellation by the Company.

On May 8, 2012, the Company issued 200,000 shares of common stock at a deemed price of $0.10 per share for total proceeds of $20,000.

As of June 30, 2012, 288,200,000 shares of common stock were issued and outstanding.

XML

Warrants - Warrant Activity Table (Details) (USD $)	9 Months Ended
	Jun. 30, 2012
Warrant Activity
Outstanding at October 1, 2011	0
Granted	875,000
Exercised	0
Canceled	0
Outstanding at June 30, 2012	875,000
Vested and exercisable at June 30, 2012	875,000
Weighted Average Exericse Price
Outstanding at October 1, 2011	$ 0
Granted	$ 0.073
Exercised	$ 0
Canceled	$ 0
Balance at June 30, 2012	$ 0.073
Weighted average falue per share of warrants granted during the period	$ 0.073

XML

Warrants - Valuation Assumption (Details) (USD $)	9 Months Ended
	Jun. 30, 2012
Warrant Valuation Assumptions
Stock Price on Measurement Date, Minimum	$ 0.054
Stock Price on Measurement Date, Maximum	$ 0.135
Exercise Price of Warrants, Minimum	$ 0.041
Exercise Price of Warrants, Maximum	$ 0.101
Term of Warrants (years)	3 years
Computed volatility, low end of the range (as a percent)	131.65%
Computed volatility, high end of the range (as a percent)	145.00%
Annual Dividends	0.00%
Discount Rate	1.038%

XML

Warrants - Outstanding and Exercisable Warrants, June 30, 2012 (Details) (USD $)	9 Months Ended
	Jun. 30, 2012
Notes to Financial Statements
Exercise Prices	$ 0.073
Warrants outstanding
Number outstanding	875,000
Weighted average remaining contractual life (years)	2 years 6 months
Weighted average exercise price	$ 0.073
Warrants Exercisable
Number Exercisable	875,000
Weighted average remaining contractual life (years)	2 years 6 months
Weighted Average Exercise Price	$ 0.073

XML

Warrants (Details Narrative) (USD $)	9 Months Ended
	Jun. 30, 2012
Notes to Financial Statements
Warrants Granted	875,000
Term of Warrants	3
Warrant exercise price 1, cash per warrant exercised	$ 0.20
Warrant exercise price 2, percent of market value prior to exercise date	75.00%
Number of days prior to exercise date for warrant exercise price valuation purposes	30
Fair Value on grant date	$ 44,431

XML

Mineral Property Option Agreement

9 Months Ended

Jun. 30, 2012

Extractive Industries [Abstract]

Mineral Property Option Agreement

3. MINERAL PROPERTY OPTION AGREEMENT

On November 15, 2011, the Company through its wholly-owned Quebec subsidiary, 9252-4768 Quebec Inc., entered into a Property Option Agreement with 9228-6202 Quebec Inc., a Quebec corporation (the “Optionor”). Pursuant to the option agreement, the Company received the exclusive option to acquire an undivided 100% right, title and interest in and to certain mineral claims located in Portland Township, Outaouais, Quebec subject to a royalty reserved to the Optionor.  To fully exercise the option and acquire an undivided 100% right, title and interest in and to the Property, the Company was required to: 1) pay an aggregate sum of two hundred and five thousand dollars ($205,000) to Optionor; 2) incur an aggregate of at least sixty-five thousand dollars ($65,000) of expenditures on or with respect to the Property; and 3) issue to Optionor an aggregate number of restricted shares of common stock of the Company equal to twenty thousand US dollars ($20,000). The cash payments, expenditures and stock issuance were scheduled to be completed as follows:

Cash Payments: The Company was required to pay the cash payments to Optionor, in the following amounts and by the dates described below:

i.	$50,000 within 2 business days of the execution of the Option Agreement
ii.	$70,000 within 30 days following the First Option Payment

iii.	$70,000 within 30 days following the Second Option Payment
iv.	$15,000 within 30 days following the Third Option Payment

All these payments had been made by March 31, 2012.

Expenditures: The Company is required to incur not less than $65,000 by way of exploration on or before November 15, 2012.  The exploration expenditures remain outstanding and the Company will be required to complete these expenditures to exercise the option.  The Company has received a budget for initial exploration which it expects to conduct in late September 2012.   The budget for this work is $14,975 and the Company has sufficient funds to pay for this program.  The Company does not have sufficient funds currently to pay for the total required exploration expenditures in the amount of $65,000, and will need to raise additional capital to fulfill the terms of of the option.

Stock Issuances: The Company was required to issue an aggregate number of restricted shares of common stock of the Company equal to twenty thousand US dollars ($20,000) pursuant to the terms and conditions of the Property Option Agreement, The Company was required to issue the shares within 10 days of the completion of the forward split or no later than 90 days of execution of the Property Option Agreement.   The Company issued a total of 200,000 shares of common stock at a deemed price of $0.10 per share on May 8, 2012.

Upon satisfaction of the foregoing terms and conditions, the Company will have fully exercised the Option and will have acquired an undivided 100% right, title and interest in and to the property, subject to a 2% net smelter return. If the Company fails to comply with all these requirements within the time periods set forth above, the Option shall terminate 30 days after the Optionor provides written notice to the Company of such failure, subsequent to which the Company has 60 days from the receipt of the notice of default to cure.

During the nine month period ended June 30, 2012, the Company made cash payments in the amount of $205,000 and issued a total of 200,000 shares of common stock at a deemed price of $0.10 per share to 9228-6202 Quebec Inc. pursuant to the cash payment and stock payment schedule noted above, which amount was capitalized as option costs on the mineral property. At the close of the quarter ended June 30, 2012, the Company evaluated the recoverability of the amount paid for the option and determined to impair the amount in full, as the Company is currently in the exploration phase, with no proven or probable reserves having yet been determined.

XML

Commitments (Details Narrative) (USD $)	9 Months Ended
	Jun. 30, 2012	May 22, 2012	Nov. 15, 2011
Notes to Financial Statements
Retainer amount on contract date, legal services	$ 10,000
Monthly retainer	4,000
Settlement value, services contract		13,718
Required expenditures on mineral property	$ 65,000		$ 65,000

XML

Balance Sheets (Unaudited) (USD $)	Jun. 30, 2012	Sep. 30, 2011
Current
Cash	$ 46,677	$ 32
Prepaid expense	10,084	833
Total Current Assets	56,761	865
Total Assets	56,761	865
Current liabilities
Accounts payable and accrued expenses	19,274	100
Advances from related parties	6,417	4,639
Convertible promissory notes, net (Note 5)	266,898
Total Current Liabilities	292,589	4,739
STOCKHOLDERS DEFICIT
Common stock: 900,000,000 shares authorized, at $0.001 par value 288,200,000 and 388,000,000 shares issued and outstanding as at June 30, 2012 and September 30, 2011, respectively	288,200	388,000
Capital in excess of par value	(28,804)	(365,800)
Deficit accumulated during the exploration stage	(495,224)	(26,074)
Total Stockholders Deficit	(235,828)	(3,874)
Total Liabilities and Stockholders Deficit	$ 56,761	$ 865

XML

Organization

9 Months Ended

Jun. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

1. ORGANIZATION

SOLO INTERNATIONAL, INC. was founded in the State of Nevada on April 30, 2010 as a Poland based corporation intending to provide services in interior architectural design in Poland.

On October 12, 2011, Mr. Michel Plante acquired control of three million (3,000,000) pre-split shares of the Company’s issued and outstanding common stock, representing approximately 77.32% of the Company’s total issued and outstanding common stock, from Mr. Yury Shcharbakou in accordance with a stock purchase agreement by and between Mr. Plante and Mr. Shcharbakou, thus effecting a change in control of the Company.

On October 13, 2011, the Board of Directors of the Company authorized a forward split of its issued and outstanding common shares, whereby every one (1) old share of common stock will be exchanged for one hundred (100) new shares of the Company's common stock.

The effect of the stock split has been recognized retroactively in the stockholders’ deficit accounts as of April 30, 2010, and in all shares and per share data in the financial statements.

With the change in control of the Company, management determined not to pursue its operations in Poland and determined to enter into the mining business in the Province of Quebec and incorporated a wholly-owned Quebec subsidiary, 9252-4768 Quebec Inc. On November 15, 2011, the Company, through its wholly-owned Quebec subsidiary, entered into a Property Option Agreement with 9228-6202 Quebec Inc., a Quebec corporation. Pursuant to the Option Agreement, 9252-4768 Quebec Inc. acquired the exclusive option to acquire an undivided 100% right, title and interest in and to certain mineral claims located in Portland Township, Outaouais, Quebec subject to a royalty reserved to 9228-6202 Quebec Inc.

The Company is an Exploration Stage Company, as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification ("ASC") 915, Development Stage Entities. The Company's principal business is the acquisition and exploration of mineral resources. The Company has not presently determined whether its properties contain mineral reserves that are economically recoverable.

Since Inception (April 30, 2010) through June 30, 2012, the Company has not generated any revenue and has an accumulated deficit of $495,224.

XML

Mineral Property Option Agreement (Details Narrative) (USD $)	9 Months Ended
	Jun. 30, 2012	Nov. 15, 2011
Terms of Option Agreement
Percent interest available to acquire under Option Agreement		100.00%
Total Cash payments to acquire Option		$ 205,000
Required expenditures on mineral property	65,000	65,000
200,000 shares issued for acquisition of mineral property, value		20,000
Budget for current work program	$ 14,975
Days after forward split by which shares are to be issued		10
Days after execution of Option by which shares are to be issued		90
Shares issued for Mineral Property Option, in shares	200,000
Price per share	$ 0.10
Net Smelter Royalty retained by Optionor	2.00%
Number of days after default event that Option will terminate	30
Number of days to cure after notice of default received	60

XML

Convertible Promissory Notes, Net - Schedule of Convertible Notes Payable (Details) (USD $)	9 Months Ended
	Jun. 30, 2012	Jun. 19, 2012	May 11, 2012	Mar. 08, 2012	Feb. 03, 2012	Jan. 04, 2012	Nov. 04, 2011	Sep. 30, 2011
Convertible Notes, Face Value
Convertible Promissory Note, face value, due on November 4, 2012	$ 100,000						$ 100,000
Convertible Promissory Note, face value, due on January 4, 2013	115,000					115,000
Convertible Promissory Note, face value, due on February 3, 2013	85,000				85,000
Convertible Promissory Note, face value, due on March 8, 2013	35,000			35,000
Convertible Promissory Note, face value, due on May 11, 2013	25,000		25,000
Convertible Promissory Note, face value, due on June 19, 2013	25,000	25,000
Total convertible promissory note, face value	385,000
Beneficial conversion feature, expensed in period ended	(94,695)
Beneficial conversion feature, gross value at issue date	(172,764)
Warrant discount expensed in period	(23,407)
Warrant discount, gross value at issue date	(44,431)
Convertible promissory notes, net (Note 5)	266,898
Convertible promissory notes, net, value at issue date	$ 167,805

XML

Summary of Significant Accounting Policies

9 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Interim Financial Statements

The accompanying interim unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.  In our opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.  Consolidated operating results for the nine month period ended June 30, 2012 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2012.  For further information, refer to the consolidated financial statements and footnotes thereto included in our Form 10-K Report for the fiscal year ended September 30 2011.

Basis of Presentation

The unaudited interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim consolidated financial information and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all the information and footnotes required by GAAP for complete consolidated financial statements. However, management believes that the disclosures made are adequate to make the information not misleading. Management has evaluated subsequent events through the date the financial statements were issued.

Going Concern

The consolidated financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since Inception resulting in an accumulated deficit of $495,224 as of June 30, 2012 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans as may be negotiated and/or private placement of common stock. These financials do not include any adjustments relating to the recoverability and reclassification of recorded asset amounts, or amounts and classifications of liabilities that might result from this uncertainty.

Cash and Cash equivalents

The Company considers all highly liquid debt instruments purchased with a maturity date of three months or less to be cash equivalents.

Use of Estimates and Assumptions

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 period. Actual results could differ from those estimates.

Foreign Currency Translation

The Company's functional currency and its reporting currency is the United States dollar.

Fair Value of Financial Instruments

The carrying value of cash and accounts payable and accrued liabilities approximates their fair value because of the short maturity of these instruments. Unless otherwise noted, it is management’s opinion the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.

Income Taxes

The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Basic and Diluted Loss Per Share

The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.  Diluted loss per share is the same as basic loss per share for the three and nine months ended June 30, 2012 and 2011.   We incurred losses during these periods and   the effects of the additional securities would be anti-dilutive.  

Advertising

The Company follows the policy of charging the costs of advertising to expenses incurred. The Company did not incur any advertising costs during the three and nine month periods ended June 30, 2012 and 2011.

Stock-based Compensation

The Company records stock based compensation in accordance with the guidance in ASC Topic 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.

Mineral Property Costs

Mineral exploration and development costs are accounted for using the successful efforts method of accounting.

Property acquisition costs - Mineral property acquisition costs are capitalized as mineral exploration properties. Upon achievement of all conditions necessary for reserves to be classified as proved, the associated acquisition costs are reclassified to proven properties

Exploration costs - Geological and geophysical costs and the costs of carrying and retaining undeveloped properties are expensed as incurred.

Impairment of Mineral Properties

Unproven mineral properties are assessed at each reporting period for impairment of value, and a loss is recognized at the time of the impairment by providing an impairment allowance. An asset would be impaired if the undiscounted cash flows were less than its carrying value. Impairments are measured by the amount by which the carrying value exceeds its fair value. Because the Company uses the successful efforts method, the Company assesses its properties individually for impairment, instead of on an aggregate pool of costs. Impairment of unproven properties is based on the facts and circumstances surrounding each lease and is recognized based on management’s evaluation. Management’s evaluation follows a two-step process where (1) recoverability of the carrying value of the asset is reviewed to determine if there is sufficient value recoverable to support the capitalized value at the report date; and, (2) if assets fail the recoverability test, impairment testing is conducted, including the evaluation of various criteria such as: prior history of successful operations; production currently in place and/or future projected cash flows (if any); reserve reports or evaluations from which management can prepare future cash flow analyses; the Company’s ability to monetize the asset(s) under evaluation; and, Management’s intent regarding future development.

During the three months and nine month periods ended June 30, 2012, the Company recognized an impairment charge in respect of its mineral properties of $20,000  (2011 - $0)  and $225,000(2011-$0)  respectively.

Beneficial Conversion Feature

From time to time, the Company may issue convertible notes that may have conversion prices that create an embedded beneficial conversion feature pursuant to the Emerging Issues Task Force guidance on beneficial conversion features. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of any attached equity instruments, if any related equity instruments were granted with the debt. In accordance with this guidance, the intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid in capital. The debt discounts amortized to interest expense over the life of the note using the effective interest method.

XML

Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2012	Sep. 30, 2011
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	900,000,000	900,000,000
Common stock, shares issued	288,200,000	388,000,000

XML

Warrants (Tables)

9 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Valuation assumptions

Stock Price on Measurement Date	$	0.054 ~ 0.135
Exercise Price of Warrants	$	0.041 ~ 0.101
Term of Warrants (years)			3.00
Computed Volatility		131.65% ~ 145.86 %
Annual Dividends			0.00	%
Discount Rate			1.038	%

Warrant Activity Table

	Warrants		Weighted average exercise price
Outstanding at October 1, 2011		0	$	0
Granted		875,000	$	0.073
Exercised		0		0
Cancelled		0	$	0
Outstanding at June 30, 2012		875,000	$	0.073
Vested and exercisable at June 30, 2012		875,000
Weighted average fair value per share of warrants granted during the period			$	0.073

Outstanding and Exercisable Warrants

Exercise prices		Number Outstanding	Weighted average remaining contractual life (years)	Weighted average exercise price		Number exercisable	Weighted average remaining contractual life (years)	Weighted average exercise price
$	0.073	875,000	2.55	$	0.073	875,000	2.55	$	0.073

XML

Document and Entity Information	9 Months Ended
	Jun. 30, 2012	Aug. 08, 2012
Document And Entity Information
Entity Registrant Name	Solo International, Inc.
Entity Central Index Key	0001501845
Document Type	10-Q
Document Period End Date	Jun. 30, 2012
Amendment Flag	true
Current Fiscal Year End Date	--09-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		288,200,000
Amendment Description	Amendment No. 1
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2012

XML

Convertible Promissory Notes, Net (Tables)

9 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Schedule of Convertible Notes Payable

	June 30, 2012			Issue Date
Convertible Promissory Note – face value, due on November  4, 2012	$	100,000		$	100,000
Convertible Promissory Note – face value, due on January 4, 2013		115,000			115,000
Convertible Promissory Note – face value, due on February 3, 2013		85,000			85,000
Convertible Promissory Note – face value, due on March 8, 2013		35,000			35,000
Convertible Promissory Note – face value, due on May 11, 2013		25,000			25,000
Convertible Promissory Note – face value, due on June 19, 2013		25,000			25,000
Total convertible promissory note – face value		385,000			385,000
Less: beneficial conversion feature		(94,695	)		(172,764	)
Warrant discount		(23,407	)		(44,431	)
	$	266,898		$	167,805

Schedule of Debt Discount and Interest accrued in period

	3 Month period ended		9 Month period ended
	June 30, 2012		June 30, 2012
Amortization of debt discount	$	50,227	$	99,094
Interest at contractual rate		8,770		17,113
	$	58,997	$	116,207

XML

Statements of Operations (Unaudited) (USD $)	3 Months Ended				9 Months Ended				26 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012
Income Statement [Abstract]
REVENUE
EXPENSES
Professional fees	8,796		1,800		54,236		11,500		67,536
Management fees	7,500				22,500				22,500
Impairment of mineral property option costs	20,000				225,000				225,000
Other general and administrative expenses	14,138		3,113		51,207		8,431		63,981
OPERATING LOSS	(50,434)		(4,913)		(352,943)		(19,931)		(379,017)
OTHER INCOME (EXPENSES)
Interest expense	(58,997)				(116,207)				(116,207)
NET LOSS	$ (109,431)		$ (4,913)		$ (469,150)		$ (19,931)		$ (495,224)
Basic and diluted loss per share	$ 0.00	[1]	$ 0.00	[1]	$ 0.00	[1]	$ 0.00	[1]
Weighted average number of shares outstanding, basic and diluted	290,314,286		388,000,000		355,556,934		388,000,000

[1] Less than $0.01 per share

XML

Warrants

9 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Warrants

7. WARRANTS

875,000 warrants were issued during the nine month period as required under the terms of Securities Purchase Agreements discussed above in Note 5.  The warrants are exercisable for a period of three years from the date of issue, exercisable at the lower of : (i) a price of $0.20 per share or (ii) seventy-five percent (75%) of the average traded price of common stock for the thirty (30) trading days immediately preceding the exercise date.

The fair value of the 875,000 warrants totaling $44,431 was recorded as a discount on the convertible notes payable upon issuance. This value was calculated using the Black-Scholes model. The key inputs for the calculation are shown below.

Stock Price on Measurement Date	$	0.054 ~ 0.135
Exercise Price of Warrants	$	0.041 ~ 0.101
Term of Warrants (years)			3.00
Computed Volatility		131.65% ~ 145.86 %
Annual Dividends			0.00	%
Discount Rate			1.038	%

A summary of the Company’s warrants as of June 30, 2012 is as follows:

	Warrants		Weighted average exercise price
Outstanding at October 1, 2011		0	$	0
Granted		875,000	$	0.073
Exercised		0		0
Cancelled		0	$	0
Outstanding at June 30, 2012		875,000	$	0.073
Vested and exercisable at June 30, 2012		875,000
Weighted average fair value per share of warrants granted during the period			$	0.073

The following table summarizes information regarding stock purchase warrants outstanding at June 30, 2012:

Exercise prices		Number Outstanding	Weighted average remaining contractual life (years)	Weighted average exercise price		Number exercisable	Weighted average remaining contractual life (years)	Weighted average exercise price
$	0.073	875,000	2.55	$	0.073	875,000	2.55	$	0.073

XML

Related Party Transactions

9 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

Related Party Transactions

6. RELATED PARTY TRANSACTIONS

The Company entered into a management consulting agreement with the Company’s sole director and officer, commencing October 1, 2011. Under the terms of the agreement, payments of $2,500 a month, are payable on the 1st of each month.  During the nine month period ended June 30, 2012, the Company made cash payments of $22,500 to its sole director and officer.  In addition, included in prepaid expenses is $2,500 remitted on June 29, 2012 in respect of the July 1, 2012 payment due.

On April 2, 2012, the Company’s principal and controlling shareholder returned 100,000,000 shares (100 Million) of the Company’s issued shares of common stock held by the shareholder for cancellation by the Company.

The Company’s prior Director has loans outstanding with the Company as at June 30, 2012 of $6,417. The amount is due on demand, non-interest bearing and unsecured.

XML

Common Stock (Details Narrative) (USD $)	Jun. 30, 2012	May 08, 2012	Apr. 02, 2012	Oct. 12, 2011	Sep. 30, 2011	Sep. 30, 2010	Aug. 27, 2010	Jun. 21, 2010
Notes to Financial Statements
Common stock, shares authorized	900,000,000				900,000,000
Common stock, par value	$ 0.001				$ 0.001
Shares issued						16,000,000	72,000,000	300,000,000
Cash Proceeds, shares issued						$ 4,800	$ 14,400	$ 3,000
Shares issued to acquire property option		200,000
Market value, shares issued to acquire property option		20,000
Price per Share, shares issued to acquire property option		$ 0.10
Common stock, shares issued and outstanding	288,200,000				388,000,000
Total cash proceeds shares issued					$ 22,200
Forward Split, ratio to each share held				100
Additional shares received per 1 share owned as a result of forward split				99
Shares surrendered by controlling shareholder			100,000,000

XML

Organization (Details Narrative) (USD $)	Jun. 30, 2012	Nov. 15, 2011	Oct. 13, 2011	Oct. 12, 2011	Sep. 30, 2011
Notes to Financial Statements
Accumulated Deficit	$ 495,224				$ 26,074
Number of shares acquired by officer and director				3,000,000
Percent of Oustanding Shares Acquired				77.32%
Ratio of forward split to each share held			100
Percent interest available to acquire under Option Agreement		100.00%

XML

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

Interim Financial Statements

Interim Financial Statements

The accompanying interim unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.  In our opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.  Consolidated operating results for the nine month period ended June 30, 2012 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2012.  For further information, refer to the consolidated financial statements and footnotes thereto included in our Form 10-K Report for the fiscal year ended September 30 2011.

Basis of Presentation

Basis of Presentation

The unaudited interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim consolidated financial information and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all the information and footnotes required by GAAP for complete consolidated financial statements. However, management believes that the disclosures made are adequate to make the information not misleading. Management has evaluated subsequent events through the date the financial statements were issued.

Going Concern

Going Concern

The consolidated financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since Inception resulting in an accumulated deficit of $495,224 as of June 30, 2012 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans as may be negotiated and/or private placement of common stock. These financials do not include any adjustments relating to the recoverability and reclassification of recorded asset amounts, or amounts and classifications of liabilities that might result from this uncertainty.

Cash and Cash equivalents

Cash and Cash equivalents

The Company considers all highly liquid debt instruments purchased with a maturity date of three months or less to be cash equivalents.

Use of Estimates and Assumptions

Use of Estimates and Assumptions

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 period. Actual results could differ from those estimates.

Foreign Currency Translation

Foreign Currency Translation

The Company's functional currency and its reporting currency is the United States dollar.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The carrying value of cash and accounts payable and accrued liabilities approximates their fair value because of the short maturity of these instruments. Unless otherwise noted, it is management’s opinion the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.

Income Taxes

Income Taxes

The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Basic and Diluted Loss Per Share

Basic and Diluted Loss Per Share

The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.  Diluted loss per share is the same as basic loss per share for the three and nine months ended June 30, 2012 and 2011.   We incurred losses during these periods and   the effects of the additional securities would be anti-dilutive.  

Advertising

Advertising

The Company follows the policy of charging the costs of advertising to expenses incurred. The Company did not incur any advertising costs during the three and nine month periods ended June 30, 2012 and 2011.

Stock-based Compensation

Stock-based Compensation

The Company records stock based compensation in accordance with the guidance in ASC Topic 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.

Mineral Property Costs

Mineral Property Costs

Mineral exploration and development costs are accounted for using the successful efforts method of accounting.

Property acquisition costs - Mineral property acquisition costs are capitalized as mineral exploration properties. Upon achievement of all conditions necessary for reserves to be classified as proved, the associated acquisition costs are reclassified to proven properties

Exploration costs - Geological and geophysical costs and the costs of carrying and retaining undeveloped properties are expensed as incurred.

Impairment of Mineral Properties

Impairment of Mineral Properties

Unproven mineral properties are assessed at each reporting period for impairment of value, and a loss is recognized at the time of the impairment by providing an impairment allowance. An asset would be impaired if the undiscounted cash flows were less than its carrying value. Impairments are measured by the amount by which the carrying value exceeds its fair value. Because the Company uses the successful efforts method, the Company assesses its properties individually for impairment, instead of on an aggregate pool of costs. Impairment of unproven properties is based on the facts and circumstances surrounding each lease and is recognized based on management’s evaluation. Management’s evaluation follows a two-step process where (1) recoverability of the carrying value of the asset is reviewed to determine if there is sufficient value recoverable to support the capitalized value at the report date; and, (2) if assets fail the recoverability test, impairment testing is conducted, including the evaluation of various criteria such as: prior history of successful operations; production currently in place and/or future projected cash flows (if any); reserve reports or evaluations from which management can prepare future cash flow analyses; the Company’s ability to monetize the asset(s) under evaluation; and, Management’s intent regarding future development.

During the three months and nine month periods ended June 30, 2012, the Company recognized an impairment charge in respect of its mineral properties of $20,000  (2011 - $0)  and $225,000(2011-$0)  respectively.

Beneficial Conversion Feature

Beneficial Conversion Feature

From time to time, the Company may issue convertible notes that may have conversion prices that create an embedded beneficial conversion feature pursuant to the Emerging Issues Task Force guidance on beneficial conversion features. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of any attached equity instruments, if any related equity instruments were granted with the debt. In accordance with this guidance, the intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid in capital. The debt discounts amortized to interest expense over the life of the note using the effective interest method.

XML

Commitments

9 Months Ended

Jun. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

Commitments

9. COMMITMENTS

The Company had entered into an engagement agreement for legal services with a professional law corporation whereby the Company agreed to a retainer on signing of $10,000, with a recurring monthly retainer of $4,000 each month until such time as the agreement is terminated.  The Company recorded the amount of the retainer to accrued expenses which are offset upon receipt of invoices for services rendered. On March 1, 2012, the engagement agreement was terminated and on May 22, 2012 an amount of $13,718 was paid in full and final settlement of the account,

The Company has committed to pay $65,000 in cash under an option agreement to acquire a mineral property as disclosed above in Note 3 – Mineral Property.

XML

Subsequent Events

9 Months Ended

Jun. 30, 2012

Subsequent Events [Abstract]

Subsequent Events

10. SUBSEQUENT EVENTS

We have evaluated subsequent events through August 8, 2012. Other than those set out above, there have been no subsequent events after June 30, 2012 for which disclosure is required.

XML

Mineral Property Option Agreement (Tables)

9 Months Ended

Jun. 30, 2012

Extractive Industries [Abstract]

Schedule of Cash Payments for Option on Mineral Property

i.	$50,000 within 2 business days of the execution of the Option Agreement
ii.	$70,000 within 30 days following the First Option Payment

iii.	$70,000 within 30 days following the Second Option Payment
iv.	$15,000 within 30 days following the Third Option Payment

XML

Mineral Property Option Agreement - Schedule of Option Payments (Details) (USD $)	9 Months Ended
	Jun. 30, 2012
Notes to Financial Statements
Initial Option Payment, required within 2 days of execution of Option Agreement	$ 50,000
Payment required within 30 days after First Option Payment	70,000
Payment required within 30 days after Second Option Payment	70,000
Payment required within 30 days after Third Option Payment	$ 15,000

XML

Convertible Promissory Notes, Net - Schedule of Debt Discount and Interest accrued in period (Details) (USD $)	3 Months Ended	9 Months Ended
	Jun. 30, 2012	Jun. 30, 2012
Notes to Financial Statements
Amortization of debt discount	$ 50,227	$ 99,094
Interest at contractual rate	8,770	17,113
[TotalInterestExpense]	$ 58,997	$ 116,207

XML

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended		26 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (469,150)	$ (19,931)	$ (495,224)
Adjustments to reconcile net (loss) to cash (used) in exploration stage activities:
Interest expense-amortization on discount on convertible promissory notes	99,094		99,094
Impairment of mineral property option costs	225,000		225,000
Changes in current assets and liabilities:
(Increase) decrease in prepaid expense	(9,251)	(3,889)	(10,084)
Increase (decrease) in accounts payable and accrued liabilities	19,174		19,274
Net cash (used) in operating activities	(135,133)	(23,820)	(161,940)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of mineral claims	(205,000)		(205,000)
Net cash used in investing activities	(205,000)		(205,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Advances from related party	1,778	2,200	6,417
Proceeds from convertible notes payable	385,000		385,000
Proceeds from issuance of common stock			22,200
Net cash provided by financing activities	386,778	2,200	413,617
Increase (decrease) in cash during the period	46,645	(21,620)	46,677
Cash, beginning of period	32	21,660
Cash, end of period	46,677	40	46,677
Supplement cash flow information:
Cash paid for: Interest
Cash paid for: Taxes
Non-cash transactions:
Shares issued for acquisition of mineral property	$ 20,000		$ 20,000

XML

Convertible Promissory Note, Net

9 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Convertible Promissory Notes, Net

5.  CONVERTIBLE PROMISSORY NOTE, NET

On November 4, 2011, the Company entered into a Securities Purchase Agreement with Craigstone Ltd. pursuant to which the Company received $100,000 as a loan from Craigstone in exchange for one (1) Unit consisting of: a Convertible Promissory Note convertible to common stock in whole or in part, at any time and from time to time before maturity at the option of the holder at seventy-five percent (75%) of the average traded price of the common stock for the thirty (30) trading days immediately preceding the conversion date; and a three (3) year Warrant (the “Warrant”) to purchase two hundred fifty thousand (250,000) shares of the Company’s Common Stock exercisable at the lower of : (i) a price of $0.20 per share or (ii) seventy-five percent (75%) of the average traded price of common stock for the thirty (30) trading days immediately preceding the exercise date. The Note earns simple interest accruing at ten percent (10%) per annum and is due on or before the twelfth month anniversary of the date of execution.

During the nine month period ended June 30, 2012, the Company further entered into Securities Purchase Agreements with Craigstone Ltd. pursuant to which the Company received $285,000 as  loans from Craigstone in exchange for one (1) Unit consisting of: a Convertible Promissory Note convertible to common stock in whole or in part, at any time and from time to time before maturity at the option of the holder at seventy-five percent (75%) of the average traded price of the common stock for the thirty (30) trading days immediately preceding the conversion date; and a three (3) year Warrant (the “Warrant”) to purchase six hundred twenty-five thousand (625,000) shares of the Company’s Common Stock exercisable at the lower of : (i) a price of $0.20 per share or (ii) seventy-five percent (75%) of the average traded price of common stock for the thirty (30) trading days immediately preceding the exercise date. The Notes earn simple interest accruing at ten percent (10%) per annum and are due on or before the twelfth month anniversary of the date of execution.

The beneficial conversion feature resulting from the discounted conversion price compared to market price was valued on the date of grant to be $172,764 on the notes, and $44,431 on the warrants. This value was recorded as a discount on debt and offset to additional paid in capital. Amortization of the discount was $50,227 and $99,094 respectively for the three and nine months ended June 30, 2012, which amounts have been recorded as interest expense.

	June 30, 2012			Issue Date
Convertible Promissory Note – face value, due on November  4, 2012	$	100,000		$	100,000
Convertible Promissory Note – face value, due on January 4, 2013		115,000			115,000
Convertible Promissory Note – face value, due on February 3, 2013		85,000			85,000
Convertible Promissory Note – face value, due on March 8, 2013		35,000			35,000
Convertible Promissory Note – face value, due on May 11, 2013		25,000			25,000
Convertible Promissory Note – face value, due on June 19, 2013		25,000			25,000
Total convertible promissory note – face value		385,000			385,000
Less: beneficial conversion feature		(94,695	)		(172,764	)
Warrant discount		(23,407	)		(44,431	)
	$	266,898		$	167,805

	3 Month period ended		9 Month period ended
	June 30, 2012		June 30, 2012
Amortization of debt discount	$	50,227	$	99,094
Interest at contractual rate		8,770		17,113
	$	58,997	$	116,207

XML

Related Party Transactions (Details Narrative) (USD $)	3 Months Ended		9 Months Ended		26 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Apr. 02, 2012	Sep. 30, 2011
Notes to Financial Statements
Monthly compensation, officer			$ 2,500
Management fees, paid in period	7,500		22,500		22,500
Prepaid consulting fees in period	2,500		2,500		2,500
Shares surrendered by controlling shareholder						100,000,000
Advances from related parties	$ 6,417		$ 6,417		$ 6,417		$ 4,639

XML

Summary of Significant Accounting Policies (Details Narrative) (USD $)	3 Months Ended		9 Months Ended		26 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Sep. 30, 2011
Notes to Financial Statements
Accumulated Deficit	$ 495,224		$ 495,224		$ 495,224	$ 26,074
Impairment of mineral property option costs	$ 20,000		$ 225,000		$ 225,000