0001255294-12-000658.txt : 20120907 0001255294-12-000658.hdr.sgml : 20120907 20120907144127 ACCESSION NUMBER: 0001255294-12-000658 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 20120731 FILED AS OF DATE: 20120907 DATE AS OF CHANGE: 20120907 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Avante Systems, Inc. CENTRAL INDEX KEY: 0001504388 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-171305 FILM NUMBER: 121079603 BUSINESS ADDRESS: STREET 1: 695-24-05 DESA KIARA, JALAN DAMASARA CITY: KUALA LUMPUR STATE: N8 ZIP: XXXXX BUSINESS PHONE: XXXXXXXXXX MAIL ADDRESS: STREET 1: 695-24-05 DESA KIARA, JALAN DAMASARA CITY: KUALA LUMPUR STATE: N8 ZIP: XXXXX 10-Q 1 mainbody.htm MAINBODY

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 10-Q

 

[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
For the quarterly period ended July 31, 2012
 
[  ] Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934
 
For the transition period from to __________
 
Commission File Number: 333-171305

 

Avante Systems, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada 99-0362655
(State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.)

 

695-24-05 Desa Kiara,

Jalan Damasara

Kuala Lumpur, Malaysia

(Address of principal executive offices)

 

86-075-2533705
(Registrant’s telephone number)
 
_______________________________________________________________
(Former name, former address and former fiscal year, if changed since last report)

 

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

 

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, a non-accelerated filer, or a smaller reporting company.

 

[ ] Large accelerated filer Accelerated filer [ ] Non-accelerated filer
[X] Smaller reporting company

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). [X] Yes [ ] No

 

State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 2,625,000 common shares as of September 4, 2012.

      

 

TABLE OF CONTENTS

 

Page

PART I – FINANCIAL INFORMATION
 
Item 1: Financial Statements 3
Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations 4
Item 3: Quantitative and Qualitative Disclosures About Market Risk 5
Item 4: Controls and Procedures 6
 
PART II – OTHER INFORMATION
 
Item 1: Legal Proceedings 7
Item 1A: Risk Factors 7
Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 7
Item 3: Defaults Upon Senior Securities 7
Item 4: Mine Safety Disclosure 7
Item 5: Other Information 7
Item 6: Exhibits 7
2

PART I - FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

Our financial statements included in this Form 10-Q are as follows:

 

F-1 Balance Sheet as of July 31, 2012 and October 31, 2011 (unaudited)
F-2 Statements of Operations for the three and nine months ended July 31, 2012 and 2011 and period from August 12, 2010 (Inception) to July 31, 2012 (unaudited)
F-3 Statements of Cash Flows for the nine months ended July 31, 2012 and 2011 and period from August 12, 2010 (Inception) to July 31, 2012 (unaudited)
F-4 Notes to Financial Statements

 

These financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the SEC instructions to Form 10-Q. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the interim period ended July 31, 2012 are not necessarily indicative of the results that can be expected for the full year.

3

AVANTE SYSTEMS, INC.

(A DEVELOPMENT STAGE COMPANY)

BALANCE SHEETS (unaudited)

AS OF JULY 31, 2012 AND OCTOBER 31, 2011

 

   JULY 31, 2012  OCTOBER 31, 2011
ASSETS          
Current Assets          
Cash and equivalents  $10,059   $10,059 
Prepaid expenses   0    0 
           
TOTAL ASSETS  $10,059   $10,059 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)          
           
Current Liabilities          
Accrued expenses  $2,000   $8,519 
Due to officer   14,019    1,500 
Total Liabilities   16,019    10,019 
           
Stockholders’ Equity (Deficit)          
Common Stock, $.001 par value, 100,000,000 shares authorized, 2,625,000 shares issued and outstanding   2,625    2,625 
Preferred Stock, $.001 par value, 10,000,000 shares authorized, -0- shares issued and outstanding   0    0 
Additional paid-in capital   49,875    49,875 
Deficit accumulated during the development stage   (58,460)   (52,460)
Total stockholders’ equity (deficit)   (5,960)   40 
           
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)  $10,059   $10,059 

 

See accompanying notes to financial statements.

F-1

AVANTE SYSTEMS, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF OPERATIONS (unaudited)

FOR THE THREE AND NINE MONTHS ENDED JULY 31, 2012 AND 2011

FOR THE PERIOD FROM AUGUST 12, 2010 (INCEPTION) TO JULY 31, 2012

 

   Three months ended
July 31, 2012
  Three months ended
July 31, 2011
  Nine months ended
July 31, 2012
  Nine months ended
July 31, 2011
  Period from
August 12, 2010
(Inception) to
July 31, 2012
                
REVENUES  $0   $0   $0   $0   $0 
                         
OPERATING EXPENSES                         
Organization costs   0    0    0    0    320 
Bank charges   0    0    0    0    20 
Professional fees   2,000    2,000    6,000    6,000    56,120 
TOTAL OPERATING EXPENSES   2,000    2,000    6,000    6,000    56,460 
                          
LOSS FROM OPERATIONS   (2,000)   (2,000)   (6,000)   (6,000)   (56,460)
                          
PROVISION FOR INCOME TAXES   0    0    0    0    0 
                          
NET LOSS  $(2,000)  $(2,000)  $(6,000)  $(6,000)  $(56,460)
                          
NET LOSS PER SHARE: BASIC AND DILUTED  $(0.00)  $(0.00)  $(0.00)  $(0.00)     
                          
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED   2,625,000    2,625,000    2,625,000    2,625,000      

 

 

See accompanying notes to financial statements.

F-2

AVANTE SYSTEMS, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF CASH FLOWS (unaudited)

FOR THE NINE MONTHS ENDED JULY 31, 2012 AND 2011

FOR THE PERIOD FROM AUGUST 12, 2010 (INCEPTION) TO JULY 31, 2012

 

   Nine months ended
July 31, 2012
  Nine months ended
July 31, 2011
  Period from
August 12, 2010
(Inception) to
July 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES               
Net loss for the period  $(6,000)  $(6,000)  $(58,460)
Changes in assets and liabilities:               
(Increase) decrease in prepaid expenses   0    6,000    0 
Increase (decrease) in accrued expenses   (6,519)   0    2,000 
Net Cash Used by Operating Activities   (12,519)   0    (56,460)
                
CASH FLOWS FROM FINANCING ACTIVITIES               
Proceeds from sales of common stock   0    0    52,500 
Proceeds from officer loan   12,519    0    14,019 
Net Cash Provided by Financing Activities   12,519    0    66,519 
                
Net Increase in Cash and Cash Equivalents   0    0    10,059 
                
Cash and cash equivalents, beginning of period   10,059    33,308    0 
Cash and cash equivalents, end of period  $10,059   $33,308   $10,059 
                
SUPPLEMENTAL CASH FLOW INFORMATION               
Interest paid  $0   $0   $0 
Income taxes paid  $0   $0   $0 

 

See accompanying notes to financial statements.

F-3

AVANTE SYSTEMS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

JULY 31, 2012

 

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Nature of Business

Avante Systems, Inc. (“Avante” and the “Company”) is a development stage company and was incorporated in Nevada on August 12, 2010. The Company was formed for the purpose of developing, manufacturing, and selling a video camera integrated with a 3G mobile phone module specifically for use in schools, child/eldercare facilities, and residences in Asia.

 

Development Stage Company

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development-stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, and there has been no significant revenues there from.

 

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at July 31, 2012 and for all periods presented herein, have been made.

 

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's October 31, 2011 audited financial statements. The results of operations for the periods ended July 31, 2012 are not necessarily indicative of the operating results for the full year.

 

Accounting Basis

The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting).  The Company has adopted an October 31 fiscal year end.

 

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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

 

Fair Value of Financial Instruments

Avante’s financial instruments consist of cash and cash equivalents, prepaid expenses, accrued expenses and an amount due to an officer. 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.

F-4

AVANTE SYSTEMS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

JULY 31, 2012

 

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

 

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 

Revenue Recognition

The Company will recognize revenue when products are fully delivered or services have been provided and collection is reasonably assured.

 

Loss Per Common Share

Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any potentially dilutive instruments.

 

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

 

As of July 31, 2012, the Company has not issued any stock-based payments to its employees.

 

Recent Accounting Pronouncements

Avante does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

 

NOTE 2 – ACCRUED EXPENSES

 

Accrued expenses consisted of the following at July 31, 2012 and October 31, 2011:

 

   2012  2011
Audit fees  $2,000   $4,000 
Legal fees   0    3,079 
Transfer agent fees   0    1,440 
Total Accrued Expenses  $2,000   $8,519 

 

NOTE 3 – DUE TO OFFICER

 

During the nine months ended July 31, 2012, an officer and shareholder loaned the Company $12,519 to help fund operations. During the year ended October 31, 2011 the same officer and shareholder had loaned the Company $1,500. The loans are non-interest bearing, unsecured and due upon demand.

F-5

AVANTE SYSTEMS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

JULY 31, 2012

 

NOTE 4 – CAPITAL STOCK

 

The Company has 100,000,000 shares of $0.001 par value common stock authorized and 10,000,000 shares of $0.001 par value preferred stock authorized.

 

During the period ended October 31, 2010, the Company issued 2,625,000 shares of common stock at $0.02 per share for total cash proceeds of $52,500.

 

There were no additional shares of common stock issued during the year ended July 31, 2012.

 

The Company has 2,625,000 shares of common stock issued and outstanding as of July 31, 2012. There are no shares of preferred stock issued and outstanding as of July 31, 2012.

 

NOTE 5 – COMMITMENTS AND CONTINGENCIES

 

Avante neither owns nor leases any real or personal property. An officer has provided office space without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

 

NOTE 6 – INCOME TAXES

 

For the period ended July 31, 2012, Avante has incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is approximately $58,460 at July 31, 2012, and will expire beginning in the year 2030.

 

The provision for Federal income tax consists of the following for the three months ended:

 

   July 31, 2012  July 31, 2011
Federal income tax benefit attributable to:          
Current operations  $680   $680 
Less: valuation allowance   (680)   (680)
Net provision for Federal income taxes  $0   $0 

 

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

 

   2012  2011
Deferred tax asset attributable to:          
Net operating loss carryover  $19,876   $17,836 
Less: valuation allowance   (19,876)   (17,836)
Net deferred tax asset  $0   $0 

 

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of $58,460 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

F-6

AVANTE SYSTEMS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

JULY 31, 2012

 

NOTE 7 – LIQUIDITY AND GOING CONCERN

 

Avante has negative working capital, has not yet received revenues from sales of products or services, and has incurred operating losses since its inception. These factors create substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going concern.

 

The ability of Avante to continue as a going concern is dependent on the Company generating cash from the sale of its common stock and/or obtaining debt financing and attaining future profitable operations. Management’s plans include selling its equity securities and obtaining debt financing to fund its capital requirement and ongoing operations; however, there can be no assurance the Company will be successful in these efforts.

 

NOTE 8 – SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to July 31, 2012 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

 

 

F-7

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Forward-Looking Statements

 

Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. We intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of complying with those safe-harbor provisions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Further information concerning our business, including additional factors that could materially affect our financial results, is included herein and in our other filings with the SEC.

 

Company Overview

 

We are engaged in the business of developing, manufacturing, and selling a video camera integrated with a 3G mobile phone module specifically for use in schools, child/eldercare facilities, and residences in Asia (our “Product”). We intend that our Product will be versatile in function, so that it can be used either as a means of monitoring the care of a family member or as a home security device, or allowing remote surveillance of a residence. This Product will enable parents and guardians to visually and audibly monitor their child while they are in school, daycare, or at home with a nanny. Our product can also be used to monitor an elderly relative while they are in the care of a home nurse, nursing home, or other eldercare facility. Communication with the Product will be accomplished through a 3G mobile phone network. It will therefore be wireless and not require internet access as many of the remote monitoring devices presently available in the Asian market do.

 

We are currently in the process of designing and developing our Product, and we are continually refining our design through experiments, testing the visual and auditory quality and range of the device during production. When we are satisfied that our Product will compete effectively in the Surveillance Industry in Asia by being the most convenient, versatile, and user-friendly remote monitoring device, we will begin the manufacture and distribution of the Product to schools, child/eldercare facilities, and electronic surveillance wholesalers and retailers.

 

Our offices are located at 695-24-05 Desa Kiara, Jalan Damasara, Kuala Lumpur, Malaysia.

 

Results of operations for the three and nine months ended July 31, 2012 and 2011, and for the period from Inception (August 12, 2010) to July 31, 2012

 

We have not earned any revenues since our inception on August 12, 2010. We do not anticipate earning revenues until such time that we have fully developed and are able to market our Product.

4

We incurred operating expenses in the amount of $2,000 for the three months ended July 31, 2012, as compared with $2,000 for the same period ended 2011. We incurred operating expenses in the amount of $6,000 for the nine months ended July 31, 2012, as compared with $6,000 for the same period ended 2011. We incurred operating expenses in the amount of $56,460 for the period from August 12, 2010 (Inception) to July 31, 2012. The entire amount for each mentioned period was attributable to professional fees. 

 

We incurred a net loss in the amount of $2,000 for the three months ended July 31, 2012, as compared with $2,000 for the same period ended 2011, $6,000 for the nine months ended July 31, 2012, as compared with $6,000 for the same period ended 2011, and $56,460 for the period from August 12, 2010 (Inception) to July 31, 2012. Our losses for each period are attributable to operating expenses together with a lack of any revenues.

 

Liquidity and Capital Resources

 

As of July 31, 2012, we had total current assets of $10,059. Our total current liabilities as of July 31, 2012 were $16,019. As a result, we had a working capital deficit of $5,960 as of July 31, 2012.

 

The success of our business plan beyond the next 12 months is contingent upon us obtaining additional financing. We intend to fund operations through debt and/or equity financing arrangements, which may be insufficient to fund our capital expenditures, working capital, or other cash requirements. We do not have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds at this time. There can be no assurance that such additional financing will be available to us on acceptable terms, or at all.

 

Off Balance Sheet Arrangements

 

As of July 31, 2012, there were no off balance sheet arrangements.

 

Going Concern

 

We have negative working capital, have incurred losses since inception, and have not yet received revenues from sales of products or services. These factors create substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustment that might be necessary if we are unable to continue as a going concern.

 

Our ability to continue as a going concern is dependent on generating cash from the sale of our common stock and/or obtaining debt financing and attaining future profitable operations. Management’s plans include selling our equity securities and obtaining debt financing to fund our capital requirement and ongoing operations; however, there can be no assurance we will be successful in these efforts.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

A smaller reporting company is not required to provide the information required by this Item.

5

Item 4. Controls and Procedures

 

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of July 31, 2012. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer, Xu Hai Bo. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of July 31, 2012, our disclosure controls and procedures are effective. There have been no changes in our internal controls over financial reporting during the quarter ended July 31, 2012.

 

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act are recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

 

Limitations on the Effectiveness of Internal Controls

 

Our management does not expect that our disclosure controls and procedures or our internal control over financial reporting will necessarily prevent all fraud and material error. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving our objectives and our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective at that reasonable assurance level. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the internal control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.

6

PART II – OTHER INFORMATION

 

Item 1. Legal Proceedings

 

We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us.

 

Item 1A: Risk Factors

 

A smaller reporting company is not required to provide the information required by 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 Description of Exhibit
31.1 Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2 Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101** The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended July 31, 2012 formatted in Extensible Business Reporting Language (XBRL).

**Provided herewith

7

 

SIGNATURES

 

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

 

Avante Systems, Inc.
 
Date: September 7, 2012
   
By:

/s/ Xu Hai Bo

Xu Hai Bo

Title: Chief Executive Officer and Director

 

8

 

EX-31.1 2 ex31_1.htm EXHIBIT 31.1

CERTIFICATIONS

 

I, Xu Hai Bo, certify that;

 

1. I have reviewed this quarterly report on Form 10-Q for the quarter ended July 31, 2012 of Avante Systems, Inc (the “registrant”);

 

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. The registrant’s other certifying officer and I are 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 15d-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 registrant’s 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 registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s 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 registrant’s 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 registrant’s internal control over financial reporting.

 

Date: September 7, 2012

 

/s/ Xu Hai Bo

By: Xu Hai Bo

Title: Chief Executive Officer

 

EX-31.2 3 ex31_2.htm EXHIBIT 31.2

CERTIFICATIONS

 

I, Xu Hai Bo, certify that;

 

1. I have reviewed this quarterly report on Form 10-Q for the quarter ended July 31, 2012 of Avante Systems, Inc (the “registrant”);

 

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. The registrant’s other certifying officer and I are 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 15d-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 registrant’s 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 registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s 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 registrant’s 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 registrant’s internal control over financial reporting.

 

Date: September 7, 2012

 

/s/ Xu Hai Bo

By: Xu Hai Bo

Title: Chief Financial Officer

EX-32.1 4 ex32_1.htm EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND

CHIEF FINANCIAL OFFICER

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 Avante Systems, Inc (the “Company”) on Form 10-Q for the quarter ended July 31, 2012 filed with the Securities and Exchange Commission (the “Report”), I, Xu Hai Bo, 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:

 

1.The Report fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and

 

2.The information contained in the Report fairly presents, in all material respects, the consolidated financial condition of the Company as of the dates presented and the consolidated result of operations of the Company for the periods presented.

 

By: /s/ Xu Hai Bo
Name: Xu Hai Bo
Title: Principal Executive Officer, Principal Financial Officer and Director
Date: September 7, 2012

 

 

 

 

 

 

 

 

This certification has been furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

EX-101.INS 5 avts-20120731.xml XBRL INSTANCE FILE 0001504388 2011-11-01 2012-07-31 0001504388 2012-09-04 0001504388 2012-07-31 0001504388 2011-10-31 0001504388 2012-05-01 2012-07-31 0001504388 2011-05-01 2011-07-31 0001504388 2010-11-01 2011-07-31 0001504388 2010-08-12 2012-07-31 0001504388 2010-10-31 0001504388 2011-07-31 0001504388 2010-08-11 0001504388 2010-11-01 2011-10-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure Avante Systems, Inc. 0001504388 10-Q 2012-07-31 false --10-31 No No Yes Smaller Reporting Company Q3 2011 2625000 10059 10059 0 0 10059 10059 2000 8519 14019 1500 2625 2625 0 0 49875 49875 -5960 40 10059 10059 0 0 0 0 0 0 0 0 0 320 6000 2000 2000 6000 56120 6000 2000 2000 6000 56460 -6000 -2000 -2000 -6000 -56460 0 0 0 0 0 -6000 -2000 -2000 -6000 -56460 -0.00 -0.00 -0.00 -0.00 2625000 2625000 2625000 2625000 -6000 -6000 -58460 0 6000 0 -6519 0 2000 0 0 52500 52500 12519 0 14019 1500 12519 0 66519 10059 10059 33308 33308 0 0 0 0 0 0 0 0 0 10059 0.001 0.001 100000000 100000000 2625000 2625000 0.001 0.001 10000000 10000000 0 0 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Nature of Business </u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Avante Systems, Inc. (&#147;Avante&#148; and the &#147;Company&#148;) is a development stage company and was incorporated in Nevada on August 12, 2010. The Company was formed <font style="color: black">for the purpose of developing, manufacturing, and selling a video camera integrated with a 3G mobile phone module specifically for use in schools, child/eldercare facilities, and residences in Asia.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Development Stage Company</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development-stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, and there has been no significant revenues there from.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Basis of Presentation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at July 31, 2012 and for all periods presented herein, have been made.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's October 31, 2011 audited financial statements. The results of operations for the periods ended July 31, 2012 are not necessarily indicative of the operating results for the full year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Accounting Basis</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (&#147;GAAP&#148; accounting). The Company has adopted an October 31 fiscal year end.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Use of Estimates</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Cash and Cash Equivalents</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Fair Value of Financial Instruments</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Avante&#146;s financial instruments consist of cash and cash equivalents, prepaid expenses, accrued expenses and an amount due to an officer. 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Income Taxes</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Revenue Recognition</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company will recognize revenue when products are fully delivered or services have been provided and collection is reasonably assured.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Loss Per Common Share</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any potentially dilutive instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Stock-Based Compensation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">As of July 31, 2012, the Company has not issued any stock-based payments to its employees.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Recent Accounting Pronouncements</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Avante does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company&#146;s results of operations, financial position or cash flow.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Nature of Business </u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Avante Systems, Inc. (&#147;Avante&#148; and the &#147;Company&#148;) is a development stage company and was incorporated in Nevada on August 12, 2010. The Company was formed <font style="color: black">for the purpose of developing, manufacturing, and selling a video camera integrated with a 3G mobile phone module specifically for use in schools, child/eldercare facilities, and residences in Asia.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Development Stage Company</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development-stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, and there has been no significant revenues there from.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Basis of Presentation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at July 31, 2012 and for all periods presented herein, have been made.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's October 31, 2011 audited financial statements. The results of operations for the periods ended July 31, 2012 are not necessarily indicative of the operating results for the full year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Accounting Basis</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (&#147;GAAP&#148; accounting). The Company has adopted an October 31 fiscal year end.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Use of Estimates</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Cash and Cash Equivalents</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Fair Value of Financial Instruments</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Avante&#146;s financial instruments consist of cash and cash equivalents, prepaid expenses, accrued expenses and an amount due to an officer. 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Income Taxes</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Revenue Recognition</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company will recognize revenue when products are fully delivered or services have been provided and collection is reasonably assured.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Loss Per Common Share</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any potentially dilutive instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Stock-Based Compensation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">As of July 31, 2012, the Company has not issued any stock-based payments to its employees.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Recent Accounting Pronouncements</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Avante does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company&#146;s results of operations, financial position or cash flow.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accrued expenses consisted of the following at July 31, 2012 and October 31, 2011:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">2012</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">2011</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-left: 5.4pt; width: 54%">Audit fees</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">2,000</td> <td style="text-align: left; width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">4,000</td> <td style="text-align: left; width: 1%">&#160;</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-left: 5.4pt">Legal fees</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">0</td> <td style="text-align: left">&#160;</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">3,079</td> <td style="text-align: left">&#160;</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Transfer agent fees</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">0</td> <td style="text-align: left; padding-bottom: 1pt">&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">1,440</td> <td style="text-align: left; padding-bottom: 1pt">&#160;</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Total Accrued Expenses</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">2,000</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">8,519</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">2012</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">2011</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-left: 5.4pt; width: 54%">Audit fees</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">2,000</td> <td style="text-align: left; width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">4,000</td> <td style="text-align: left; width: 1%">&#160;</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-left: 5.4pt">Legal fees</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">0</td> <td style="text-align: left">&#160;</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">3,079</td> <td style="text-align: left">&#160;</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Transfer agent fees</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">0</td> <td style="text-align: left; padding-bottom: 1pt">&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">1,440</td> <td style="text-align: left; padding-bottom: 1pt">&#160;</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Total Accrued Expenses</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">2,000</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">8,519</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td></tr> </table> 2000 4000 0 3079 0 1440 2000 8519 16019 10019 -12519 0 -56460 0 0 20 -58460 -52460 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the nine months ended July 31, 2012, an officer and shareholder loaned the Company $12,519 to help fund operations. During the year ended October 31, 2011 the same officer and shareholder had loaned the Company $1,500. The loans are non-interest bearing, unsecured and due upon demand.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has 100,000,000 shares of $0.001 par value common stock authorized and 10,000,000 shares of $0.001 par value preferred stock authorized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the period ended October 31, 2010, the Company issued 2,625,000 shares of common stock at $0.02 per share for total cash proceeds of $52,500.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There were no additional shares of common stock issued during the year ended July 31, 2012.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has 2,625,000 shares of common stock issued and outstanding as of July 31, 2012. There are no shares of preferred stock issued and outstanding as of July 31, 2012.</p> <p style="margin: 0pt"></p> 0.02 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Avante neither owns nor leases any real or personal property. An officer has provided office space without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the period ended July 31, 2012, Avante has incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is approximately $58,460 at July 31, 2012, and will expire beginning in the year 2030.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The provision for Federal income tax consists of the following for the three months ended:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">July 31, 2012</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">July 31, 2011</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-left: 5.4pt">Federal income tax benefit attributable to:</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">&#160;</td> <td style="text-align: left">&#160;</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">&#160;</td> <td style="text-align: left">&#160;</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-left: 12.6pt; width: 54%">Current operations</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">680</td> <td style="text-align: left; width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">680</td> <td style="text-align: left; width: 1%">&#160;</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 12.6pt">Less: valuation allowance</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">(680</td> <td style="text-align: left; padding-bottom: 1pt">)</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">(680</td> <td style="text-align: left; padding-bottom: 1pt">)</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Net provision for Federal income taxes</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">0</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">0</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 130.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">2012</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">2011</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-left: 5.4pt">Deferred tax asset attributable to:</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">&#160;</td> <td style="text-align: left">&#160;</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">&#160;</td> <td style="text-align: left">&#160;</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-left: 12.6pt; width: 54%">Net operating loss carryover</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">19,876</td> <td style="text-align: left; width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">17,836</td> <td style="text-align: left; width: 1%">&#160;</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 12.6pt">Less: valuation allowance</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">(19,876</td> <td style="text-align: left; padding-bottom: 1pt">)</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">(17,836</td> <td style="text-align: left; padding-bottom: 1pt">)</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Net deferred tax asset</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">0</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">0</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of $58,460 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">July 31, 2012</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">July 31, 2011</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-left: 5.4pt">Federal income tax benefit attributable to:</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">&#160;</td> <td style="text-align: left">&#160;</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">&#160;</td> <td style="text-align: left">&#160;</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-left: 12.6pt; width: 54%">Current operations</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">680</td> <td style="text-align: left; width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">680</td> <td style="text-align: left; width: 1%">&#160;</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 12.6pt">Less: valuation allowance</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">(680</td> <td style="text-align: left; padding-bottom: 1pt">)</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">(680</td> <td style="text-align: left; padding-bottom: 1pt">)</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Net provision for Federal income taxes</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">0</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">0</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td></tr> </table> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">2012</td> <td style="padding-bottom: 1pt">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center">2011</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-left: 5.4pt">Deferred tax asset attributable to:</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">&#160;</td> <td style="text-align: left">&#160;</td> <td>&#160;</td> <td style="text-align: left">&#160;</td> <td style="text-align: right">&#160;</td> <td style="text-align: left">&#160;</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-left: 12.6pt; width: 54%">Net operating loss carryover</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">19,876</td> <td style="text-align: left; width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 20%">17,836</td> <td style="text-align: left; width: 1%">&#160;</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 12.6pt">Less: valuation allowance</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">(19,876</td> <td style="text-align: left; padding-bottom: 1pt">)</td> <td style="padding-bottom: 1pt">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right">(17,836</td> <td style="text-align: left; padding-bottom: 1pt">)</td></tr> <tr style="background-color: rgb(204,238,204); vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Net deferred tax asset</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">0</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">0</td> <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td></tr> </table> 58460 2030-01-01 0.34 19876 17836 19876 17836 0 0 680 680 680 680 0 0 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Avante has negative working capital, has not yet received revenues from sales of products or services, and has incurred operating losses since its inception. These factors create substantial doubt about the Company&#146;s ability to continue as a going concern. The financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The ability of Avante to continue as a going concern is dependent on the Company generating cash from the sale of its common stock and/or obtaining debt financing and attaining future profitable operations. Management&#146;s plans include selling its equity securities and obtaining debt financing to fund its capital requirement and ongoing operations; however, there can be no assurance the Company will be successful in these efforts.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="color: black">In accordance with ASC Topic 855-10, </font>the Company <font style="font-weight: normal">has analyzed its operations subsequent to July 31, 2012 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.</font></p> <p style="margin: 0pt"></p> EX-101.SCH 6 avts-20120731.xsd XBRL SCHEMA FILE 0001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 0002 - Statement - Balance Sheets link:presentationLink link:calculationLink link:definitionLink 0003 - Statement - Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 0004 - Statement - Statements of Operations link:presentationLink link:calculationLink link:definitionLink 0005 - Statement - Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 0006 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 0007 - Disclosure - ACCRUED EXPENSES link:presentationLink link:calculationLink link:definitionLink 0008 - Disclosure - DUE TO OFFICER link:presentationLink link:calculationLink link:definitionLink 0009 - Disclosure - CAPITAL STOCK link:presentationLink link:calculationLink link:definitionLink 0010 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 0011 - Disclosure - INCOME TAXES link:presentationLink link:calculationLink link:definitionLink 0012 - Disclosure - LIQUIDITY AND GOING CONCERN link:presentationLink link:calculationLink link:definitionLink 0013 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 0014 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 0015 - Disclosure - ACCRUED EXPENSES (Tables) link:presentationLink link:calculationLink link:definitionLink 0016 - Disclosure - INCOME TAXES (Tables) link:presentationLink link:calculationLink link:definitionLink 0017 - Disclosure - ACCRUED EXPENSES - ACCRUED EXPENSES (Details) link:presentationLink link:calculationLink link:definitionLink 0018 - Disclosure - DUE TO OFFICER (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 0019 - Disclosure - CAPITAL STOCK (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 0020 - Disclosure - INCOME TAXES - FEDERAL INCOME TAX (Details) link:presentationLink link:calculationLink link:definitionLink 0021 - Disclosure - INCOME TAXES - DEFERRED TAX ASSET (Details) link:presentationLink link:calculationLink link:definitionLink 0022 - Disclosure - INCOME TAXES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 avts-20120731_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 avts-20120731_def.xml XBRL DEFINITION FILE EX-101.LAB 9 avts-20120731_lab.xml XBRL LABEL FILE Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Is Entity a Well-known Seasoned Issuer? Is Entity a Voluntary Filer? Is Entity's Reporting Status Current? Entity Filer Category Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS Current Assets Cash and equivalents Prepaid expenses TOTAL ASSETS LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) Current Liabilities Accrued expenses Due to officer Total Liabilities Stockholders Equity (Deficit) Common Stock, $.001 par value, 100,000,000 shares authorized, 2,625,000 shares issued and outstanding Preferred Stock, $.001 par value, 10,000,000 shares authorized, -0- shares issued and outstanding Additional paid-in capital Deficit accumulated during the development stage Total stockholders equity (deficit) TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) Common Stock, Par Value Common Stock, Shares Authorized Common Stock, Issued Preferred Stock, Par Value Preferred Stock, Shares Authorized Preferred Stock, Issued Income Statement [Abstract] REVENUES OPERATING EXPENSES Organization costs Bank charges Professional fees TOTAL OPERATING EXPENSES LOSS FROM OPERATIONS PROVISION FOR INCOME TAXES NET LOSS NET LOSS PER SHARE: BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES Net loss for the period Changes in assets and liabilities: (Increase) decrease in prepaid expenses Increase (decrease) in accrued expenses Net Cash Used by Operating Activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from sales of common stock Proceeds from officer loan Net Cash Provided by Financing Activities Net Increase in Cash and Cash Equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period SUPPLEMENTAL CASH FLOW INFORMATION Interest paid Income taxes paid Accounting Policies [Abstract] SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes to Financial Statements ACCRUED EXPENSES Related Party Transactions [Abstract] DUE TO OFFICER Equity [Abstract] CAPITAL STOCK Commitments and Contingencies Disclosure [Abstract] COMMITMENTS AND CONTINGENCIES Income Tax Disclosure [Abstract] INCOME TAXES Organization, Consolidation and Presentation of Financial Statements [Abstract] LIQUIDITY AND GOING CONCERN Subsequent Events [Abstract] SUBSEQUENT EVENTS Nature of Business Development Stage Company Basis of Presentation Accounting Basis Use of Estimates Cash and Cash Equivalents Fair Value of Financial Instruments Income Taxes Revenue Recognition Loss Per Common Share Stock-Based Compensation Recent Accounting Pronouncements ACCRUED EXPENSES FEDERAL INCOME TAX DEFERRED TAX ASSET Audit fees Legal fees Transfer agent fees Total Accrued Expenses Proceeds From Officer's Loan Common Stock Shares Authorized Common Stock Par Value Preferred Stock Shares Authorized Preferred Stock Par Value Common Stock Shares Issued Common Stock Stated Value, Price Per Share Sold Proceeds From Issuance of Common Stock Preferred Stock Shares Issued Federal income tax benefit attributable to: Current operations Less: valuation allowance Net provision for Federal income taxes Deferred tax asset attributable to: Net operating loss carryover Less: valuation allowance Net deferred tax asset Operating Loss Carry Forward Carryforward Expiration Date Cumulative tax effect expected rate Assets Liabilities, Current Stockholders' Equity Attributable to Parent Liabilities and Equity Operating Expenses Net Cash Provided by (Used in) Financing Activities Cash, Period Increase (Decrease) Cash Schedule of Accrued Liabilities [Table Text Block] AccruedExpenses Valuation Allowance, Deferred Tax Asset, Change in Amount NetFederalIncomeTax Deferred Tax Assets, Valuation Allowance Deferred Tax Assets, Net of Valuation Allowance EX-101.PRE 10 avts-20120731_pre.xml XBRL PRESENTATION FILE XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
CAPITAL STOCK
9 Months Ended
Jul. 31, 2012
Equity [Abstract]  
CAPITAL STOCK

 

The Company has 100,000,000 shares of $0.001 par value common stock authorized and 10,000,000 shares of $0.001 par value preferred stock authorized.

 

During the period ended October 31, 2010, the Company issued 2,625,000 shares of common stock at $0.02 per share for total cash proceeds of $52,500.

 

There were no additional shares of common stock issued during the year ended July 31, 2012.

 

The Company has 2,625,000 shares of common stock issued and outstanding as of July 31, 2012. There are no shares of preferred stock issued and outstanding as of July 31, 2012.

EXCEL 13 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\W,C9E9#0R-E]E.61B7S0R,6)?.3`P9E\T9C$V M,V%E8C)B-&8B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D15 M15]43U]/1D9)0T52/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I% M>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D-/34U)5$U%3E137T%.1%]#3TY424Y'14Y#2453/"]X M.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I7;W)K#I%>&-E;%=O#I7;W)K#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O M#I%>&-E;%=O#I%>&-E M;%=O#I!8W1I=F53:&5E=#XP/"]X.D%C=&EV95-H965T/@T*("`\>#I0#I% M>&-E;%=O7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'0^079A M;G1E(%-Y2!#96YT3PO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^,#`P,34P-#,X.#QS<&%N M/CPO'0^,3`M M43QS<&%N/CPO'0^+2TQ,"TS,3QS<&%N/CPO'0^3F\\2=S(%)E<&]R=&EN9R!3 M=&%T=7,@0W5R'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^43,\'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X- M"@T*+2TM+2TM/5].97AT4&%R=%\W,C9E9#0R-E]E.61B7S0R,6)?.3`P9E\T M9C$V,V%E8C)B-&8-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S(V M960T,C9?93ED8E\T,C%B7SDP,&9?-&8Q-C-A96(R8C1F+U=O'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAAF5D/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$ M;G5M<#XQ,#`L,#`P+#`P,#QS<&%N/CPO'1087)T M7S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQAF%T:6]N(&-O'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'!E;G-E'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S&5S('!A:60\+W1D/@T*("`@("`@ M("`\=&0@8VQA7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U% M5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O M:'1M;#L@8VAA2!A;F0@=V%S(&EN8V]R<&]R871E9"!I;B!.979A9&$@ M;VX@075G=7-T(#$R+"`R,#$P+B!4:&4@0V]M<&%N>2!W87,-"F9O'0M86QI M9VXZ(&IU2!A8V-E<'1E9"!A M8V-O=6YT:6YG('!R:6YC:7!L97,@'0M86QI9VXZ(&IU'0M86QI9VXZ(&IU2!H879E#0IB965N('!R97!A2!T M;R!P6QE/3-$ M)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^0V5R=&%I;B!I;F9O2`S,2P@,C`Q,B!A6QE/3-$)V9O;G0Z(#$P M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^/'4^06-C;W5N=&EN9R!"87-I6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE2<^5&AE($-O;7!A;GD@=7-E2!A M8V-E<'1E9"!I;B!T:&4@56YI=&5D(%-T871E2!H87,@861O M<'1E9`T*86X@3V-T;V)E65A'0M86QI9VXZ(&IU'!E M;G-E6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE M'0M86QI9VXZ(&IU'0M86QI9VXZ(&IU2!C;VYS:61E2!O9B!T:')E92!M;VYT:',@;W(@;&5S6QE M/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^/'4^1F%I'0M86QI9VXZ(&IU&EM871E6QE/3-$)V9O;G0Z(#$P<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE2<^/'4^26YC;VUE(%1A>&5S/"]U/CPO<#X-"@T*/'`@ M2!M971H;V0N(%5N9&5R('1H92!A"!A"!R871E"!A6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE'0M86QI9VXZ M(&IU2!A6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O M;6%N+"!4:6UE2<^/'4^3&]S2!S=&]C:R!O0T*2!D;V5S(&YO="!H879E(&%N>2!P;W1E;G1I86QL>0T*9&EL=71I=F4@:6YS M=')U;65N=',N/"]P/@T*#0H\<"!S='EL93TS1"=F;VYT.B`Q,'!T(%1I;65S M($YE=R!2;VUA;BP@5&EM97,L(%-E'0M86QI M9VXZ(&IU'0M86QI9VXZ(&IU2!H87,@;F]T(&%D;W!T960@82!S=&]C:R!O<'1I;VX@ M<&QA;B!A;F0@:&%S(&YO="!G2!S=&]C:PT*;W!T:6]N6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE2!S=&]C:RUB87-E9`T*<&%Y;65N=',@ M=&\@:71S(&5M<&QO>65E6QE/3-$)V9O;G0Z(#$P M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE0T*:7-S=65D(&%C M8V]U;G1I;F<@<')O;F]U;F-E;65N=',@=&\@:&%V92!A('-I9VYI9FEC86YT M(&EM<&%C="!O;B!T:&4@0V]M<&%N>28C,30V.W,@7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA'0^/'`@6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^06-C'!E;G-E2`S,2P@,C`Q,B!A;F0@3V-T;V)E6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'0M86QI9VXZ(&-E;G1E6QE/3-$)W=I9'1H.B`Q)2<^ M)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)2<^)#PO=&0^#0H@("`@/'1D('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT M.R!W:61T:#H@,C`E)SXT+#`P,#PO=&0^#0H@("`@/'1D('-T>6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)2<^)B,Q-C`[/"]T9#X\+W1R/@T* M/'1R('-T>6QE/3-$)V)A8VMG6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0G/B8C,38P.SPO=&0^#0H@("`@/'1D('-T>6QE/3-$)W1E M>'0M86QI9VXZ(')I9VAT)SXP/"]T9#X-"B`@("`\=&0@6QE/3-$)V)A8VMG'0M86QI9VXZ(')I9VAT)SXP/"]T9#X-"B`@ M("`\=&0@'0M86QI9VXZ(')I9VAT)SXQ+#0T M,#PO=&0^#0H@("`@/'1D('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A M9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('!A9&1I;F'!E;G-E6QE/3-$ M)W!A9&1I;F6QE/3-$)W!A9&1I;F6QE/3-$)VUA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\W,C9E9#0R-E]E.61B7S0R,6)?.3`P9E\T9C$V,V%E8C)B-&8-"D-O;G1E M;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S(V960T,C9?93ED8E\T,C%B7SDP M,&9?-&8Q-C-A96(R8C1F+U=O'0O:'1M;#L@8VAA2!4'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'`@6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE2<^1'5R:6YG('1H92!N:6YE(&UO;G1H65A'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA2!;06)S=')A8W1= M/"]S=')O;F<^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\6QE/3-$)VUA6QE/3-$)V9O M;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^)B,Q-C`[/"]P/@T*#0H\<"!S M='EL93TS1"=F;VYT.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E M'0M86QI9VXZ(&IU'0M86QI9VXZ M(&IU6QE/3-$)V9O M;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^5&AE2`S,2P@,C`Q,BX\+W`^#0H-"CQP('-T>6QE M/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^)B,Q-C`[/"]P/@T* M#0H\<"!S='EL93TS1"=F;VYT.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM M97,L(%-E'0M86QI9VXZ(&IU6QE/3-$)VUA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W,C9E9#0R-E]E.61B M7S0R,6)?.3`P9E\T9C$V,V%E8C)B-&8-"D-O;G1E;G0M3&]C871I;VXZ(&9I M;&4Z+R\O0SHO-S(V960T,C9?93ED8E\T,C%B7SDP,&9?-&8Q-C-A96(R8C1F M+U=O'0O M:'1M;#L@8VAA'0M86QI9VXZ(&IU M7!E.B!T M97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE M860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT M96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6QE/3-$)VUA6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE'0M86QI9VXZ(&IU"!A2UF;W)W87)D(&ES(&%P<')O>&EM871E;'D@)#4X+#0V,"!A="!*=6QY(#,Q M+"`R,#$R+"!A;F0@=VEL;"!E>'!I65A M6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4 M:6UE6QE/3-$ M)W=I9'1H.B`Q,#`E.R!B;W)D97(M8V]L;&%PF4Z(#$P<'0G/@T*/'1R('-T>6QE/3-$)W9E'0M86QI9VXZ(&-E;G1E2`S,2P@,C`Q,CPO=&0^ M#0H@("`@/'1D('-T>6QE/3-$)W!A9&1I;F6QE/3-$)V)O6QE/3-$)V)A8VMG6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0G/B8C,38P.SPO=&0^#0H@("`@/'1D M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT)SXF(S$V,#L\+W1D/@T*("`@ M(#QT9"!S='EL93TS1"=T97AT+6%L:6=N.B!L969T)SXF(S$V,#L\+W1D/@T* M("`@(#QT9#XF(S$V,#L\+W1D/@T*("`@(#QT9"!S='EL93TS1"=T97AT+6%L M:6=N.B!L969T)SXF(S$V,#L\+W1D/@T*("`@(#QT9"!S='EL93TS1"=T97AT M+6%L:6=N.B!R:6=H="<^)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE M/3-$)V)A8VMG6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)2<^)#PO=&0^#0H@("`@/'1D('-T>6QE/3-$)W1E>'0M86QI9VXZ M(')I9VAT.R!W:61T:#H@,C`E)SXV.#`\+W1D/@T*("`@(#QT9"!S='EL93TS M1"=T97AT+6%L:6=N.B!L969T.R!W:61T:#H@,24G/B8C,38P.SPO=&0^/"]T M6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('!A9&1I;F'0M86QI9VXZ(')I9VAT)SXH-C@P/"]T9#X-"B`@("`\=&0@6QE/3-$)W!A9&1I;F6QE/3-$)V)O6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)V)O6QE/3-$)V)O M6QE/3-$)W!A9&1I;F6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)V9O;G0Z(#$P<'0@ M5&EM97,@3F5W(%)O;6%N+"!4:6UE'!E M8W1E9"!R871E(&]F(#,T)2!O9B!S:6=N:69I8V%N=`T*:71E;7,@8V]M<')I M"!A;6]U;G0@:7,@87,@9F]L;&]W M6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O M;6%N+"!4:6UE'0M86QI9VXZ(&-E;G1E6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('!A9&1I;F"!A6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0G/B8C,38P.SPO M=&0^#0H@("`@/'1D/B8C,38P.SPO=&0^#0H@("`@/'1D('-T>6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0G/B8C,38P.SPO=&0^#0H@("`@/'1D('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(')I9VAT)SXF(S$V,#L\+W1D/@T*("`@(#QT9"!S='EL M93TS1"=T97AT+6%L:6=N.B!L969T)SXF(S$V,#L\+W1D/CPO='(^#0H\='(@ M6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)2<^)#PO=&0^#0H@("`@/'1D('-T M>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@,C`E)SXQ-RPX,S8\ M+W1D/@T*("`@(#QT9"!S='EL93TS1"=T97AT+6%L:6=N.B!L969T.R!W:61T M:#H@,24G/B8C,38P.SPO=&0^/"]T6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M86QI9VXZ(')I9VAT)SXH,3DL.#6QE/3-$)W!A M9&1I;F6QE M/3-$)V)O6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('!A9&1I;F6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W!A9&1I;F6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M86QI9VXZ(&QE9G0G/B0\+W1D M/@T*("`@(#QT9"!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`R+C5P M="!D;W5B;&4[('1E>'0M86QI9VXZ(')I9VAT)SXP/"]T9#X-"B`@("`\=&0@ M6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^1'5E('1O M('1H92!C:&%N9V4@:6X@;W=N97)S:&EP('!R;W9I7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U% M5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O M:'1M;#L@8VAA'0^/'`@6QE M/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^079A;G1E(&AA2!I9B!T:&4@0V]M<&%N>2!I6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE M2<^5&AE M(&%B:6QI='D@;V8@079A;G1E('1O(&-O;G1I;G5E(&%S(&$@9V]I;F<-"F-O M;F-E2!S96-U7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U% M5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O M:'1M;#L@8VAA6QE/3-$)VUA6QE/3-$)V9O;G0Z(#$P<'0@0V]U6QE M/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^/&9O;G0@2`\9F]N="!S='EL93TS1"=F M;VYT+7=E:6=H=#H@;F]R;6%L)SYH87,@86YA;'EZ960@:71S(&]P97)A=&EO M;G,@7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA'0^/'`@2!A;F0@=V%S(&EN8V]R<&]R871E9"!I;B!. M979A9&$@;VX@075G=7-T(#$R+"`R,#$P+B!4:&4@0V]M<&%N>2!W87,-"F9O M3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@2!A8V-E M<'1E9"!A8V-O=6YT:6YG('!R:6YC:7!L97,@'0M86QI9VXZ(&IU6QE/3-$)V9O;G0Z M(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^5&AE(&9I;F%N8VEA;"!S=&%T96UE M;G1S(&]F('1H92!#;VUP86YY(&AA=F4-"F)E96X@<')E<&%R960@:6X@86-C M;W)D86YC92!W:71H(&=E;F5R86QL>2!A8V-E<'1E9"!A8V-O=6YT:6YG('!R M:6YC:7!L97,@:6X@=&AE(%5N:71E9"!3=&%T97,@;V8@06UE2!T:&4@9FEN86YC:6%L('!O'0M86QI9VXZ(&IU'0^/'`@2!U'0M86QI9VXZ(&IU2!W:71H(&=E;F5R86QL>2!A8V-E<'1E9"!A8V-O=6YT:6YG('!R:6YC M:7!L97,@6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^/'4^0V%S:"!A M;F0@0V%S:"!%<75I=F%L96YT6QE/3-$)V9O M;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^1F]R('!U6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE2<^/'4^1F%I'0M86QI9VXZ(&IU&EM871E'0^/'`@'0M86QI9VXZ(&IUF5D+CPO<#X\6QE/3-$)V9O;G0Z(#$P<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z M(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^5&AE($-O;7!A;GD@=VEL;"!R96-O M9VYI>F4@'0M86QI9VXZ(&IU6QE/3-$)V9O;G0Z M(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^0F%S:6,@;&]S0T*9&EL=71I=F4@'0^/'`@'0M86QI9VXZ(&IU2!H M87,@;F]T(&%D;W!T960@82!S=&]C:R!O<'1I;VX@<&QA;B!A;F0@:&%S(&YO M="!G2!S=&]C:PT*;W!T:6]N6QE M/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2!S=&]C:RUB87-E9`T*<&%Y;65N=',@=&\@:71S(&5M<&QO>65E M'0^/'`@6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4 M:6UE2<^ M079A;G1E(&1O97,@;F]T(&5X<&5C="!T:&4@861O<'1I;VX@;V8@7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^/'1A8FQE(&-E;&QS<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@ M6QE/3-$)W!A9&1I;F6QE/3-$)V)O6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)2<^)#PO=&0^#0H@ M("`@/'1D('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@,C`E M)SXR+#`P,#PO=&0^#0H@("`@/'1D('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)2<^)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0G/B8C,38P.SPO M=&0^#0H@("`@/'1D/B8C,38P.SPO=&0^#0H@("`@/'1D('-T>6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0G/B8C,38P.SPO=&0^#0H@("`@/'1D('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(')I9VAT)SXS+#`W.3PO=&0^#0H@("`@/'1D('-T>6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0G/B8C,38P.SPO=&0^/"]T6QE/3-$)W!A9&1I;F6QE/3-$)V)O6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W!A9&1I;F6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)V)O6QE/3-$ M)V)O6QE/3-$)V)O7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6QE/3-$ M)W=I9'1H.B`Q,#`E.R!B;W)D97(M8V]L;&%PF4Z(#$P<'0G/@T*/'1R('-T>6QE/3-$)W9E'0M86QI9VXZ(&-E;G1E2`S,2P@,C`Q,CPO=&0^ M#0H@("`@/'1D('-T>6QE/3-$)W!A9&1I;F6QE/3-$)V)O6QE/3-$)V)A8VMG6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0G/B8C,38P.SPO=&0^#0H@("`@/'1D M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT)SXF(S$V,#L\+W1D/@T*("`@ M(#QT9"!S='EL93TS1"=T97AT+6%L:6=N.B!L969T)SXF(S$V,#L\+W1D/@T* M("`@(#QT9#XF(S$V,#L\+W1D/@T*("`@(#QT9"!S='EL93TS1"=T97AT+6%L M:6=N.B!L969T)SXF(S$V,#L\+W1D/@T*("`@(#QT9"!S='EL93TS1"=T97AT M+6%L:6=N.B!R:6=H="<^)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE M/3-$)V)A8VMG6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)2<^)#PO=&0^#0H@("`@/'1D('-T>6QE/3-$)W1E>'0M86QI9VXZ M(')I9VAT.R!W:61T:#H@,C`E)SXV.#`\+W1D/@T*("`@(#QT9"!S='EL93TS M1"=T97AT+6%L:6=N.B!L969T.R!W:61T:#H@,24G/B8C,38P.SPO=&0^/"]T M6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('!A9&1I;F'0M86QI9VXZ(')I9VAT)SXH-C@P/"]T9#X-"B`@("`\=&0@6QE/3-$)W!A9&1I;F6QE/3-$)V)O6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)V)O6QE/3-$)V)O M6QE/3-$)W!A9&1I;F6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0^/'1A8FQE(&-E;&QS<&%C:6YG M/3-$,"!C96QL<&%D9&EN9STS1#`@6QE/3-$)W1E>'0M86QI9VXZ(&IU6QE/3-$)W!A9&1I;F6QE/3-$)V)O6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0G/B8C,38P.SPO=&0^#0H@("`@/'1D('-T>6QE/3-$)W1E M>'0M86QI9VXZ(')I9VAT)SXF(S$V,#L\+W1D/@T*("`@(#QT9"!S='EL93TS M1"=T97AT+6%L:6=N.B!L969T)SXF(S$V,#L\+W1D/@T*("`@(#QT9#XF(S$V M,#L\+W1D/@T*("`@(#QT9"!S='EL93TS1"=T97AT+6%L:6=N.B!L969T)SXF M(S$V,#L\+W1D/@T*("`@(#QT9"!S='EL93TS1"=T97AT+6%L:6=N.B!R:6=H M="<^)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE/3-$)V)A8VMG6QE/3-$)W=I9'1H M.B`Q)2<^)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)2<^ M)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE/3-$)W!A9&1I;F6QE/3-$)V)O6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M86QI9VXZ(&QE9G0G/B8C,38P.SPO M=&0^#0H@("`@/'1D('-T>6QE/3-$)V)O6QE/3-$)V)A8VMG6QE M/3-$)V)O6QE/3-$)V)O6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('!A9&1I;F'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'!E;G-E'1087)T7S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X- M"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP M92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAAF5D/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$;G5M<#XQ,#`L,#`P+#`P,#QS<&%N/CPOF5D/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$;G5M<#XQ,"PP,#`L,#`P/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W,C9E M9#0R-E]E.61B7S0R,6)?.3`P9E\T9C$V,V%E8C)B-&8-"D-O;G1E;G0M3&]C M871I;VXZ(&9I;&4Z+R\O0SHO-S(V960T,C9?93ED8E\T,C%B7SDP,&9?-&8Q M-C-A96(R8C1F+U=O'0O:'1M;#L@8VAA3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\W,C9E9#0R-E]E.61B7S0R,6)?.3`P9E\T9C$V,V%E8C)B M-&8-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S(V960T,C9?93ED M8E\T,C%B7SDP,&9?-&8Q-C-A96(R8C1F+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA'!I"!E9F9E8W0@97AP96-T960@3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W,C9E9#0R-E]E.61B M7S0R,6)?.3`P9E\T9C$V,V%E8C)B-&8-"D-O;G1E;G0M3&]C871I;VXZ(&9I M;&4Z+R\O0SHO-S(V960T,C9?93ED8E\T,C%B7SDP,&9?-&8Q-C-A96(R8C1F M+U=O&UL#0I#;VYT96YT+51R86YS9F5R+45N M8V]D:6YG.B!Q=6]T960M<')I;G1A8FQE#0I#;VYT96YT+51Y<&4Z('1E>'0O M:'1M;#L@8VAA&UL;G,Z;STS1")U M&UL/@T*+2TM+2TM/5].97AT4&%R J=%\W,C9E9#0R-E]E.61B7S0R,6)?.3`P9E\T9C$V,V%E8C)B-&8M+0T* ` end XML 14 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
DUE TO OFFICER
9 Months Ended
Jul. 31, 2012
Related Party Transactions [Abstract]  
DUE TO OFFICER

 

During the nine months ended July 31, 2012, an officer and shareholder loaned the Company $12,519 to help fund operations. During the year ended October 31, 2011 the same officer and shareholder had loaned the Company $1,500. The loans are non-interest bearing, unsecured and due upon demand.

XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Balance Sheets (USD $)
Jul. 31, 2012
Oct. 31, 2011
Current Assets    
Cash and equivalents $ 10,059 $ 10,059
Prepaid expenses 0 0
TOTAL ASSETS 10,059 10,059
Current Liabilities    
Accrued expenses 2,000 8,519
Due to officer 14,019 1,500
Total Liabilities 16,019 10,019
Stockholders Equity (Deficit)    
Common Stock, $.001 par value, 100,000,000 shares authorized, 2,625,000 shares issued and outstanding 2,625 2,625
Preferred Stock, $.001 par value, 10,000,000 shares authorized, -0- shares issued and outstanding 0 0
Additional paid-in capital 49,875 49,875
Deficit accumulated during the development stage (58,460) (52,460)
Total stockholders equity (deficit) (5,960) 40
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) $ 10,059 $ 10,059
XML 16 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
9 Months Ended
Jul. 31, 2012
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Nature of Business

Avante Systems, Inc. (“Avante” and the “Company”) is a development stage company and was incorporated in Nevada on August 12, 2010. The Company was formed for the purpose of developing, manufacturing, and selling a video camera integrated with a 3G mobile phone module specifically for use in schools, child/eldercare facilities, and residences in Asia.

 

Development Stage Company

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development-stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, and there has been no significant revenues there from.

 

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at July 31, 2012 and for all periods presented herein, have been made.

 

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's October 31, 2011 audited financial statements. The results of operations for the periods ended July 31, 2012 are not necessarily indicative of the operating results for the full year.

 

Accounting Basis

The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted an October 31 fiscal year end.

 

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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

 

Fair Value of Financial Instruments

Avante’s financial instruments consist of cash and cash equivalents, prepaid expenses, accrued expenses and an amount due to an officer. 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.

 

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 

Revenue Recognition

The Company will recognize revenue when products are fully delivered or services have been provided and collection is reasonably assured.

 

Loss Per Common Share

Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any potentially dilutive instruments.

 

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

 

As of July 31, 2012, the Company has not issued any stock-based payments to its employees.

 

Recent Accounting Pronouncements

Avante does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

ZIP 17 0001255294-12-000658-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001255294-12-000658-xbrl.zip M4$L#!!0````(`#-U)T&/.\+>XAX``!0V`0`1`!P`879T@?=/29\1[G2'[W=^W3?N;B_O+G9 M8W_[\;__B\&?'_ZGTV'74GCN.;M23N?&'ZHW[#V?B'/VL_"%YJ'2;]COW(OP M%W4M/:'9I9I,/1$*>&`PG;.C@R.'=3HEP/XN?%?I3Q]N$K#C,)R>'QX^/#P< M^&K&'Y3^'!PXJARX>Q5I1R2P_OGNPZ\'7X9`\Q4/X7N_V^L?=E\?=E]][)V= M'[TZ[Y^5A!OR,`H2N-TO7?O'=/_ART![\AS_9L!R/SC_$LBW>YFA/!P=*#TZ M['>[O<-__O;KO3,6$]Z1?A!RWQ%[<2]/^I^+^O5>OWY]2$_CIDLM$7F,X^@0 M'P]XD$)&`M>T7Z($GKIATB';^.30/,PUE85-3TU3&3=UQ4*[0#@'(S4[A`>' M.#F=;J]SU(N;:S%<2?+I(3R-&\I`'?=[K]:-S[2(.T1!9\3Y-.DPY,&`&ML' M!<3`$ZT\$13VH2<%G7SE^]&DF"XWU(?A?"H.H5$'6@DMG:3?YD[Y#D`#_EQ, M'3TIH.[B]X_W20?\0FVZKZ!%K!,H1^L',60D@N=CFA@^"X-.W.'@2^#N MV<>([NU>(-$L[+'#&)31$4?YH?@2,NF^W;O6:@(`>AWXK]L+E:'P52?%GW03 M?BC#>?)K\KMT\*WLUUB7_/$1#_:%FZFL\7 MP>W0X'C=Z1Z_,-X:RQ3^F`X@06&?M,VD%RB`>29E)6DK3`(1[[YH)MD!;(=) MUJS!1)Q\16;-#N<9F;7$?:1\[KU\/O?J\+GW"'SN9MST5\#G;ATW_3A\[IYU M>OVOQ6[8X3PCNV&=6/>E.['N-IU8XNE?H@#F//WVPR$CXB^8278`6PV'\N[C M):I>&^XCI['-S5KD2\/D3_=72]R<"!Y$6OQH]S[.H4T,+'Z41X'05L"_'W,M M@I4H+!.H46T<0-_="CRNG,$T+O,6^[['G1#UFOBSB+0( MK&%8"2V+[DHY(`-^^'$^+3\ZT.^_&_C9[D5@[TC)?S(FH#3\;&RT$EH6W04\ M=;'%M<='I=$,N1<(@R$'(`OY,M(:?Y:!P[U_":ZKCJ436\-UT)8%X!_"\W[Q MU8-_#\*J?.'>!$$$GJ$LVOS?OKX&6T_X)V+/<3*_!%5-F#S?. M+WDPOO!=_.>G_T1RQCT837`17G*MY]">3KE6$$C,2`G$N"-#717V:F85EP/50EQIZ);P9 MBPFQ07L,6'!.F]"T058-GUF5K`]B)OQ(E(ZE2RII#+8*NJ)#URVB*SI[W"*Z MHB.XK:);/HFJB0ZSB\YO]8C[\@^.-N=2!6%;`E,,O#KJ&L+3%NH:@M06ZAI" MU1[J:@)VU-^(//7P:BB"@+S;M6C'-IWF@OQ%#'4HJ"IQ_=8IJ"IX[5-05?[: MGX6J8GARVNM7(.%VBB<)TA_9E?469'$)12T:FDEC.S0TD\=V:&@FD6W14%4F MCT^K$''C.VHB?E5!@`@O@0#I1]#>=E1^\$X,E1:FW4?^102_25]I"/]N@%@M M@A!BPSP4$QW^)L*Q@BR?/XT>D_IDQKJJ.=OH[QM4R+#O&U;2& M.U6M:<(["S;\"3EG=SP3R-:+O!.^&,JPY77^>F3-26NP)[!MTAKL'VR;M`9[ M#=LGK?:^1#72DB@J5:(M!#,%6&H2TC`X:(^0ALZV/4(:.J\V"6GF#$I0\A/7 M/C0([H2F%(!W/)`.>(`KZ46A<&M)[MV*#(1.]R#+IPVH6Z!THV@_&THWROZS MH72C/K8\E5J_W(MQJ_)QEY0P_;%'E5KWJ6\ZIKL<,3+7@@ MKH3Y]\;/9TBUO`S:A*X-\IKM;#X.A;5C^^;D+>=+M:-NN:2L,FC;(K7!(NYQ MR:PVZ4M;"16 M/-KHGW2?G).;DVA:)?.#\#B$`G=B:DM:2%+9/5C7) M6TA>?3R.54U>K4(9Q#R8[`Y=\#:9^V[^*1#NC7\M?1!1"$4OG%#.6G-^"T)7 M'GF[9#<0R*O<$@A:\>H/Q M"UW*B'>42[NC53O6N&'=*[SNL@IE2U06>K5'H=+@N(C"L=+RCX4=SI4\7$%9 M+RYX6DC=(JJ&5"WS['&HHJO?S?B4[/YN0-*`EM+>>+LWX7HD_7/6G89[?QV%;_#A MX90^_:5W9/_*=A@"EG/6@_;LHYS`>O:]>&`?U(3[^^:'?78/L<#P#4M`&\!\ M,GWSE]YI=XLH`$B$'][S,`)3H(;L711(7P0!(Z31MD;XAB'G.]R#F3IG_XZ" M4`[G1%-1#1SVG67&\2O[//Y^9LCAOLO"L6!I,UMM(VWW/9,!XR!>,^&I*6;V M`?E\A/:/6C*$\<`#)B&A]4Q.,-="\4#)!`709B*\<,@F#7&R7M#%""WH&HCP&Y48F$`V^8D'J)6!( M]JJG:3H$;W#P-8GR&KRQ?&.:18!F"/QL`!-&_'Q*V2X49Z`OS%C=+4@W]$4, MGR`P@384NQ+:"WJI`">!0LLX-6PB;$3"IWOF*L_C&D3_Q@!!8PY$J M74<6(ONL509)S[(K8P;^-V"W3J@&0L$CS@65T,8=Q9HH:39=8&4H9R*V4RI.34XT+X8]C$"7YH+K/XF.)'XF79$Q MS8OH)L$_(FCVA$!D3;:P^T%1H MRFR(`/8//01FU50-N?\323`AF3`"/?^$?Q9,Q$PPH4D01).IL6-DH_EP*!PR MU42"IH*4B&B">(R0FZIRV-W+9*/A]]1S84.'+MJ-$/NJ/H2)N5CL=)5ASRW9 M%^A!+$DPCFU$?!'A:PKFH1LNLA-6 M;44UGH=]I6-RY!Q]R-1M?"H=N0:/9W8$?,NHZX>U-RMNGW0^,?>/IFV#%U).@!&$< MS3FQ%BQ.[;ZQUS*U+/O&ZXN,K2%#ZLK0YAS3](>*0E3V,:1M2N9$3 MQ[G:K/7G,-.>G`EM]E4"H6<2!3C==TF$A-R6\CQA-DHDAO]8@!]$8$[QO7ZY MDUO"+M*%MCOS]F2(UAB=]#[5G-/E0^8A25-\Q0ZE3,",P#K;BZNQP\VU1N;3O4:S>J+QF%>>,)4I>&_7-H([XX+%37P-QZKL,M&HX,T3Y2+;Q%RDT=$AWEL(,2;(;%=3Y;+*;%5V9)51U=!5[2%I$[X MRTJF9.*QKRK,SRL1Y4ATWI$+029!7/ND!SJ&'N/2G`P]="IOMCRL>^3I08:- MC@NVOB_N+]E'-075?-4[`U%0M..POW`V9$3"[I?!:M#**XD]G3:2Z,?M1J@` M9'ZM9)NUA%&2EVIOS1J*(I_<_G4QJZ1)V$DX8":,")GRN5G#X#8\_",F4T_- MQ*P\/ER MSF,LKA1LV\QJ\!FYE%T"U1,D4*7A]9)L+`K/IP#+V"1).4\33N\2I'8)4BTE M2*6BGY?L)4I!NATD"4B;_R/1^ M3N*S2YK:)4UM2)I*5:*4=*^L&_.,C>@NBVF7Q?1(64P%)8\V^!2;/)3)'7HJ M3=HE-55+:EIZ7>KJ.=Q4[?\9&\]=JM,NU>G14YU6OYQB@V+%+[`0;C:CZ)98 M:]ZFA63,Q)W'_<>.UW?93[OLIR?.?LJDIU17E.7ZN`^9S)9<^H[I\%P"F5W: MU*.D366+%U>3C-RQN:W^'[_Y=E<+:X,8+>YQV`T3#'?-]MQ0X0HI.=TH.N)= M/$0[?T(VA;0`B18PZ!@=!8HBI4#&C!RH,U21MC5)*/=R"L=@? M\^UBR);VCH$(5,1$E($!XP!>^&_WCI*!V['&X"B+#(&R`%3+77E_#6?\)1'; MRR*BCWK%U`T`YDB#H7$[-K-.CP;?];O'^_VCLWWX]_LWK/STQE"SE'EB&+YA M,6_PVSD[.3B>PH]6#$^.OS4ZB4?0;"CL=M-:7L<2_&UY#J^D+0_KFVH@-*Z4 M$AC]K@'2W^]VN\UIJ3*N9\Z1XVURI**(/XQE*+8FUP3@5S$"_[]>EIO.4Z.) MIEDB"#5FI33F9S+$H_WNJ]>M8G]61C7C<%9+Y$=8!@9X*,SI$+N*U1KPVJRXB MA*:=.210L'R.8+FP0DY*^/N*H%,)J1T8M<.2KY>Q9_LGO1HNKCIC"Y3OD!:? MN9^VO>(M7EZONV&V=I=D:4/<&0N\YT/9@`MO5?R(@ZVWO[);I.\6Z;M%^G-9 MDNX6Z;M%^FZ1_FR&N%ND[Q;INT7Z;I&^6Z0_]5IRMTC_JA?IF726TLO374*U[>?AO?"5__YOBJ[S?N]/IE7AU? M@+U=NAN\!/GI2*[VDN3.R>GQ:2.Z[3U___/EF.M1,55`R4G%%UPO@JV"KI=! M5W+>FJ"KRO/^)GQ78B@=B576HHFY!'!%F>J+Q7KJ6I[.R1E->B5DK5%8QD!U M3OKU*4POL5#C.Z[#.?DL3M=@@JOD]O@N%7-]*N95>KO=EWYR.[F@B(B]5I9< M/#75W#`E>ZRPT!KS%/>%FTL!_P:Z@9VG%%_A3=D0UIR9;-T#ED$?5X<0RZF= MYL8VGYC[,:OPC[E;3,/^2=>6N26ZP#0$T%ZB*?+KS8>U5X$S:: M*A\$%YB[HC9T];.P&L*[^H2,KD"\FU]Z/'@):* MANP;>AVWO;,07R&);V/1!1">OKL:9:>W&@I+(4SC=R\O`?F3%*/*Z+^YE%5L M`;K[R>VXRZ0,'UTKZ.^?]D\6V)R?EY#8WL]<>Z-[MK3O1%<"IEHY0KAFAD[Z M9"V^.CO_D2H$/@@R?0PW--#6X`7[0K81-9;%;J&-SOF&/XFT+MJ*U<)'A!@! M3*X_N;F;B7SY^A3Y*)@@XY\R,!?-1"F01,+JR:GOMS8XGUP4:2[@FC?+8R4' MEXHUQ!%S.#]@%VEXB0J67',W/S),W#&7 M-4'NF4,+JUAK).)B:@!DF4N@<3F%&"`$H::.%)90&UMY`936,Z473,U)$X)::N(J5QI: M*)U>_Y?^3'DS4PN%2J2P05S+FJ?;`MAW`G0R3WX6GJTP,!!4.Z,AAA M4>.V+40U#5M9GN5%:>.3*MYUK@9DX>J-V>)%2,C8%`B/R*7X(J2Z`$:L]DWY M2M`=L6]O\%+QD:1FBY%B[+1CY"&ER!9@[`B@YE"#8LU'(0 M&?D.U?FS3R)[%!*^[K$^JZPY(ZNP@CPMR$6.#RC3[=S-C'CF&;BG9[N,Y$?B MQ_^W=[4]3N-`^*]$.IW$23TXM,MN=[DOO>XB(0%W`L3W-'&I[]*DEY2AOCFI#:4D*?4=EW[?JE_,FB1J"Z*DZM2(?!WZ#4P]/XIX3 M?/?BCSJ3#H4]%!`*-(01&26H/BMU`^AR"B7_2>$3XXC*].)A+CK\@&WCB.PKJ_OEB$(IJ MA_;.MI\:I-A_!&[J9P-*G)Y3?Q@H,2*RVIVZ28LO\5F!`\:$J:TOPF@E-SG^ M"()$1H?X2'G^'NR8-:[^`VSQ_&9Z-:DEJEB:J*+)Q8J;4D/(*-Q/D5Y6!T98 ME"S^%8["1/CF+Q\W#GIR+>/T+8H/*[YWT*X<2.`X&CAI-G!M/^*"(&X8Y%(6 M9D\B;DW1Q-@$,&1J+BZHGK0VA+$FRE?]NP_WC"O)!Y%]_;T=\XTVOB,]J>ZB M-7IAHT1`#*_$\$J.#6Z'-6&8G@EIX0V M&*?^:`BGZN7-[M5S?26>/BVF1F9\2_',/RO1;L.G.+JQ(R_'#9_"E.%C.S49 M/H6IR0V?PI3EAD]A^!3C*,X-G\(4XS^#4SL7XYT*Z)+"4J;;^H:.:'.W"`C2&.0U%QOPAS2^XA^@&[ZEW>.VC+00`*0[Z3_J3>ZU% M^[LF56,=2I@FH2']G3UKZNZU?T2(2K1"G^KB,C>ZO06[MN^%QMS>R-CVLFG( M&!Q]5:IO:&_/+6W=WZ"&MM*TOJ8]\Q"&?DK/>[/TN'>AJP&'&,!WS4'?`?`1@')C=PZ'U(*O:+Y/]WVU MX1NZSZ]1^#^1=/)X/"EINO%Q;[50).O+B<_J3>%M$/X'J-%1NWBJ/A=KUBGT M%!TA(6P8B@?A)V3"DKQL1;:7JJ0&;N)`T(Q*71$^2`=&0?:MI'=7!C7IJY'$ MGBIC_HS8(#E8B"X2UM+.U1F=4.#D&B4+"*[&$(%$I1%;]@)BE`7)<>W5RZN7 MD:55\TKBDV2-;7T.>+`!=1EJ:2F*[/#1DLN2#KJ,*`GTLX9&6\XC!.'P='(H>'1$5KM&S;]R#_SH MBHW@M^NMP"_Y6.L?JC".5BI`E7B]Q^^Z(\K*\M2^^XSB-5C$MF0A0E=02.E( M@*8OQ$5C_4NV0W&Q$>VT:?)\%@7UW]J^K>1,BU&X\:![KV.(DL/S6/.0C!&T MH)$'6/8^UQ:M-8?\`PU_-H3'HI*54I+:";E?U8"O8BHW[:6U"K:4N*%6F*2O M^ARO`8">).2#;=&76M.4$LY!1"\33XLT4EZ*)9WMX\%IZ$W+^][#;UH':-`T MX/L').H1]X%Y0',G0J3#)/UA8KT-_(#UY]3'82,>:OGCQ.[3@V6XTA6\58V:W"W[0OQ58&V^A1$Q[/O>$ M#8$2Q7N$7#_B.(]37N#5Q"+:RSSU7]0[&.C2Q6:@HK%RW=XJ36((=>>;D"MB M$:ZENJ*"5FT)M$KP-D>_ITT0@\A$APN6"(XQ,HA-<%5XBCPAJDQX6G+3P*E2 M&_Z4)W\^^[((/7F+O^G'KU!+`P04````"``S=2=!*(^]2+`(```+4```%0`< M`&%V=',M,C`Q,C`W,S%?8V%L+GAM;%54"0`#X3]*4.$_2E!U>`L``00E#@`` M!#D!``#57-USXC@2?[^J^Q]T[,OL@\/7[,V$G=P6`9-R+8$L'U.S3U.*$:`: M8[&2#>3^^FL9\!IC^0-P[)N'))AN^=?]D[I;;6N^_+9;66A#N*#,?JC4[VH5 M1&R3S:B]>*A,QUI[W#&,"A(.MF?88C9YJ-BL\MM__OD/!/^^_$O34(\2:]9" M769JACUGOZ(!7I$6>B(VX=AA_%?T%5NNO,)ZU"(<==AJ;1&'P!?[&[=0\ZYI M(DU+,>Q78L\8GXX,?]BEXZQ;U>IVN[VSV09O&?\A[DR6;K@Q<[E)_+&^/8[Z M=[LY8.YB!SXW:O5&M79?K7V:U#^WFI]:C<\IQW6PXPI_W-JN=OBW5_]B4?M' M2_YXQ8(@(,$6K9V@#Y6`-=OF'>.+:J-6JU>_/??'YI*LL$9M289)*D(]F]0C''QF^I3'R`22"MH0'K\],['AS*?$V2"DA M/VE',4U>TNH-K5F_VXE9Y>A\SX.<661$YDC^ACGAW[7]=3*NRHM5(,9=$=MI MVS/==JCS)EGB*P\D`/=&67(R?ZC@C2,T27CMT_Y6/Z71==[6L"8$E5.Z@JH9 MT3UB2WIPO"3$$4EP(H5O>/\7S,'8)7&HB:U,8"(UKT,F%Q"1SA?#^7`M(PDX M/=%%\5JW0]3!8MFSV#83H#.E*_&XJQ7F;\/YF"YL.@?7PTPU3>;"5+47+\RB M)B7)`#.-[9*;OUL06R=`4XM=AZ+IDPH9S,)3PQ/4?(7O=W3MX31UL MC1UF_DBZ>Y3LE7=GJQ5UO-D((:W#/(HAW:>8)BE4K\-F0-6Q(A.\2\82(7K= MO?OT+Y?.(+Z#:4\,#`/[@/+$_)"D=^WZ?A7D+Q=T29VT:; M7*/.!+]:F6//J=+-9GHZ+$J%F_I%"WWN$@=3*ZNC$D:Y7>P^##S`7";Y#5?2DEUAB%NA[5+YH1S,H-/;2&(M:1QHZ:@3_ MQ/8,[=71B?[-X49O@'Q\#0#EU]OP]T$<'>0/:(YX+&:>8+#DSI6%:L(#!&][ M.L?BU=NCND);8+RN>LT!8CGB>,6C5ZO5#UO5GPZ7OWNSS@=LX5=B>??[+DT[ M?EDM#I_4X'IN,;Y&6OB:&`GU(W;%U@-K2YB1B'.%EC>LRV'9?+?;B"*85L.F8:[\],K&VE8Z)/\2NUJ`-E:SP-48(% MXC[4:ZGAQ\@7O,;5)@1G5:*]I9M9P;/<6JA617CT='1^+I2.K-TJW M=@*Y'C9FI38Q1BK6Q"_5J'91KJVDZ,?7?E^I M&=M70A].U'_.H>^5\%3;!_HQ!/1O/<3F**!97!`X@+`7X:>ZH54?(7?+U#+D M"VS3_WKNZ#"A;,Y%R!4<;90.#*X]I7FE2PHOG,V)$%Z9T2/*Z7`N5G!$3$6# MRKC\2Z=';/_H+#%?*#UZ(E%P/9K*F1$FE2&1Q+_@XX?F7V)#LU1$>\WBEN*` M.!('3-H-!;L?WZ:"0-GOD],V';KQ:@#%E,HR0($A!V#NG[SUF8@Q)2A3<,S/ MSDQPX43:6[I$`!`YP8)TR?ZW89_V_Q5$):L5G"BNXRZM5_X/Z#QOO*>F-$JU MX)1U:UK5WBD=M0K3>]2&7=$5>2)R@&)+4Y.0F>@!\880KMSS#?D86V0XC^U8 MI%$L9T:)X3!4UZ;T3.DF;Q#ZB'AM--B^.V]=\JI^;AZG4L[T<@&1*F^4CD+/ M7L(IFX7#:,PK*BJ%@M=ALBVA2BYKTBEC-_$F1L?-\#)L"[,=J_#WB?^6+]91 M85I,N)S(C>+T^;D]^A,->VAL/`V,GM%I#R:HW>D,IX.),7A"+\.^T3'T<0Z- M1]4)#!_NIS!RO`1?0XCZDYU-!F"_\!S^B@'/)'G M-'P\]V$\G?:+,6GWT7@R[/R>!YP4)S6.Z.JU,W3#YV=C\JP/)F/4'G3ALS?) M]$%.,RSJ+(>/KAY&9PP`']#9_I8+F,3S'#ZR1AA9W_AC:G2-R9^>UYZ&Q_L<4B$7Z5TEO+K`N.MWA@_YX>?!#'X[#YO$` M)OXTB(__EZ1HB#[L5?/`J#XEXN,[2R[!]90GMHR'1'S`B>DETL>'X7Z^J)>J M:*@K,F'TRY'Y/+-JNQ":8IZ1!+XO^FUK1=G`(L&^US.18XN%+&(?-9V+%?V& M=`IO*DS+WZD3CFTQ)[P-)4;`Z^S#%=V_3,'VI>R)XUMX]3V4YB>L' MT-B=O_Q.[^FC$53],G2VQV-]&UL550)``/A/TI0X3]*4'5X M"P`!!"4.```$.0$``,6:37.C.!"&[UNU_T'KO

,-B>;!)/LE.,C5/4^B-C M<"IS5$".50&4`9$X_WY;V&C\@0W$D/4A,:+?UB.IU8).KKXN?0^]D#"B++AN MM)I:`Y'`82X-'J\;,TO1K9YI-E#$<>!BCP7DNA&PQM=_?O\-P>?J#T5!`TH\ MMXOZS%',8,Z^H#'V21?=D("$F+/P"[K#7BQ:V(!Z)$0]YC][A!.XL>JXBSK- MCH,4I8#;.Q*X+)Q-3>EVP?ES5U5?7U^;`7O!KRQ\BIH.*^;.8G'H$.GK_MMT MV%S.@;F/.5RWM59;U2Y5[=QN770[Y]WV14&_'/,XDGZUI;;^K.17'@V>NN+' M`XX(@D4(HNXRHM>-C=&\=IHL?%3;FM92[T=#RUD0'RLT$(OAD$:J$EZR=*W+ MRTLUN9N:[EDN'T(O[:.CICC2,]QUN11L&I^IJYN;IO2(ZPWHB':C9"1#YF"> MA%TN$3IH(:Z4U$P134JKK71:S67D-M)U2B8[9!Z9DCD2OR%\9*_ZG6VIHE&% M-8Q]$G`]<(V`4_XF%C3T$T@`3[PL0C*_;N`7'BDB-K3S55=_%M'RMV?8/A$5 MT=]`:DFZ;]@3,V@M".%1'DZF<87]W^(0!KL@G#K8*P63J3R-3.PU(B8_FLPG MSR+IP*3G3M%Q575$/1PM!AY[+06T)SJ1)_9]'+Y-YA9]#.@F*:"N+.F5`7'@T\F13P:4NX:(ZUCZ9DS`D+ESI443X.UAS M7%3&6G;1"TB/L>'02?&RC#?[/O"FE;[PB5>LLP1I`2Y")WX@BDOAL(^2%YUU M1YOCEUYHP%4P5=.,!'4SQ4PKI=%2S4?&I-DCF./OSLH4_DV,S33@(H7W"%<;G&3)2>!2]R4 M7#A\9VT$FH56T[064E"JV/R*`Q>MY&A+7S5M=OE#XK6!2;YMP_>U.4KM:\7) M+H!(MLY1-O1I2_Y7]:PY91')^7F'\Y<.L3G:5-9)N%\GD8!G1P&%$*V5E0.6 MJY-(XK_%5J&1X[$H#HE`GHU&^O0'F@R09=Z,S8'9T\Q=L:'Z?F7W3_I',VG`8KMW6<`X> MK^I(_+.\+(@^K:0U(!XN]DB\O2-ENZMA'(5*09(^ MYP22H$CZJ`&Y4'U((A\_I3Z&N$RQ*`5O[YU@6Y&MH('1-Z8PCE_-=<9)F1J2 M',+1`L``00E#@``!#D!``#57?MOVT:V_OT"^S_, M=2_0%K!B.\%N-]YV"UF/5*@MN9*&#Y&<)V5[ MYB1`&T-6;1.OX7VCJ MW>-S]`%'./&R./D7^NB%._I)/`Y"G*!!?+\-<8;)%_DO/D?OWKQ;H5[/H-B/ M./+CY&8^J8J]R[+M^)>L<%76;Q?SRS>/ M:\)YZ&7DWV]/S]Z>G+X_.?UN>?;/\W??G;_]IV&YF9?MTJK'=2TJE*)M\&"OL:DS0X3QF]RWCE M94Q+VE^#I!;T7[W2K$<_ZIV][;T[>_.8^D?EPV=/,(E#/,=KQ-P\SYZV1)]I M0.5U5'QVE^"UF$R8)"<4?Q+A#:ELG_ZB]_07G?V#_J*OBH\OO5L<'B%J250G M]>M]HZP"=&*;[#5.@M@?18>Q;J,=T2?O3I(]PX$ZWKH+RSCSPH/(UY'6:4_Q M84]\C[/_I$GC@0][TC5DDW9(/[PD/S6(X\>,M#K8+ZG3LA0!COTJ%G>+LJO2 MXU6CW)`&RSAI/A'O(4M[M-TY_2Z/>%_U/RX7?Y`&9G>/HZP?D1EZR4KCF'^='/X M.HGO.]$I'E+<`?1'>%O]OOSI$DH2QQIF"4Y9#M"I=7W:!=/[D"!IEH6C MWLWBZ-\E%!$LRL&HAO[^9/_+#I%5X1!S)L6K-YOXX<3'P0G+<,@/3'*]T[.B MF?V*?/1'SF*.-P%E'F4TM6EY+3>S(2D=2:H@F8USP6B(M?512&)ORS)-=[(8 M$*TF7C@A@?'Q9_PD=8ZSLRL,"?$/$IF7'H;01^M;ZWI08AK5(%C2]!U+Z(4;O6*QM$ MC5S4]6"7))1CD*Z\\'?L)?)@(#>UI0`=V5(,,CL0NM"0:TND,$>Y/:(`I\$A M3U9^Q6'X%$X*[&WFXZJ:'=3"LEQB!$9,*PK:1)6G9, M/421O4\4BDHLRL$_NA/5QSC<19F7/+&)AE3J-F=G5T02FDWQM(P`B4;,3"66 M"H$8Q*%"BF`XQ]LXR8)HD\_3R+M?$G/+?5@EZ5975F@+2#U*@E(1?9VB"E%, MKJ&B)(=J8FH>D'9T$R?R$9"6E5WM""DV)=,P`:04$2_)R$XV M#%;C,/;:@_$2&[MB$-!K2J%F`$@(/"N)#')#Q"P=MC'Q_7T<+;)X]6EQYY'' M,=ME;`$%B5WRL*@$66YO#!QHM3H*!"`A&="4#:TR)&+08Y2#40WM<@PN[]CE MPSYC\IDHG5'8VAZ+D])MC\=QAB"4I&,G'97&EK+WTEM'?I;V-YVUSN>`P2\M/VKHI/OZ#)MZ8 M$IRMQT'D1:N`O`%Q&B@6(72#VE#6(`63;8JR@*%ZC"HQ*-/I/ MB?\O#''VTQ1GJ4:&;2.;@A,3K$NK:0%&1$):W$S$8C%:+B!)H1@?,%($9VM? M&!*ZO#Y:AL!D(F8GFY3(,3!4,_#2NW[DT[]&?^Z"!R\D#--^-O"2Y(GD^&PM MM\1W0ZQ-575RIZXR(R`8U75ARZF0@!#IP"&\1\+0XG6"MU[@CQZW.$IQ\;9( MGH#$UJ;6E'3KVA(:@M&2BEU;.X4MPKDQ$-WD\509H%VT;?+&S&K=9[4E]HHG M)*GQY6S9OT20\IS+P+L-0I*.XY2$0#8X=1>'/DY2&@JS)TWJ8PZWJ9BN3M4U M98H%$W$Z$FY+\G+2OYA<3I:3T0+UIT.T6,X&/_\TNQR.Y@LT^N5FLOP=?3,< MC2>#R?);<)HU2]!5`$>Z-$C5Y=80M=:MNH MH]UH+F7&8/2D8\B-&.3VP#*HX0XOX]EZ':Q($)XE]9"L%I4)T*:ZS!VIRTR/ M`J,W8ZK<,/L.HRQ&<0Z%(3OCV.4Z:)E%*\=A2IOH&P'DMUW MR^>_@`R^<\Y>!Z`<07)T3&)1D`')T6OK))2#GIR9U?%-"GJ&MEZ`'BCE&9Z>GQZ?Y?RC-UZ1XN^PN3H*_L'^,WA[_X^W? MZU\&=(&VST8\X]=9N_*L$<\U)I'8U\I.:&EYM%-&M376V38#HS\Y-\$X9VZI M4*%*A+W3WI<@O[[OLVEM+[SV`G\2#;QM0%I^65='9FVU^ZBFW.@\BDW!R%'- MC^LX5M:(#L'W@@BM_"^D1(L-=0J0[Q`\XC+=TD<0B M\S;M@-41:^\0CH[N[`_B,`0ZU]4A;+E>8@Y'WAZ/?%8`RNXP\O>ET./1-B^Z ME^XE.P;&>:OKCH!9!P!6/U+*3]R/3.NY/RYR?Q]4[J^;D3AP(@/6'-(AP MA&?(5CR'^05.&]4Z3-=>0D?[:$!FB>LU3MB"?'U72XYTU''5N2+IR\I@SMO= M[ES5/5X"SH_0!"?"?`M(O^KHZ!\$CW`D.AEUB=C:YA!%)N&H%E>QBV>/`BHR MMJW>6&"EM5-Q-2DKA96;PA55@Y]:4+DI#!4U!W@Z-IFF8'>#;ET:3C,D&`5V MHJL=K0/6@C:=,VQ$=2!W,C1I2M4(H+(S;%`YN0%M4T7.*9M5%<"UW.2-J]P: MM,R432PG,4BM["1:Q?>XVBFGF8.76MM4E(9R74X24S!:4O/CSI)AUFB_K1': M!L8Y?L#1#LM6[^^_MBF7-JFZ/LKOP`BB1:BM@/GHXVAZ,P*R>'^VI?>C!-&F MV&ZBV[JJL+C3O+R?3#VCTV_5HNGB^FB1SCK-D MXT7!7^SP]T&<:TK:7%57;-#*VKX2E5]X46?!B03 MVG"QG__:6O4*2%456_L.1I7RA-J522W0*C>!$?^ODWB-TY2M8QAC:;//F]GM M?XA)-GL=31OGDM`0XWL8>S.TQE#TP;5,IBV8XWS`*`^`-9DJHR>>/7WY%.`E M.Z.7<9J.20T-XHAXM"-.%=[%47J!UW&"<[NE]XC3JR"*$W9-38;)DZ7WUC1+ MR2>3KW!V%Y-O'H@)[3K)I&B5@?U.L]5'RW?$K?QZ,,';OL_]&++2N5Z$;8N<(37@:S_J`-9G3`T#(R$Y-S:NIF. MEH@&*1@J&7E)1%BGY0SEA9<&*Q*"AT&XRZ03+5J43?48NE!7D@8"1E5F/&4* M0Z0!1(N?^O/1.;KH+R8#MFQP.+F\68Z&KS0J\BL.-G>$6O^!O`\;/-W=W^)D MMN8.[F6>B$7VC'*LC;,\Q\UJ0.:00IQ+\[G,VV+]=33Y\!/1(^I_).G:AQ&: MWEQ=$-W.QKET%VAVLUPLB7))W^T5=/SB9ZS2X\G&8?Q9-S.@AC@Z4U5*7G*6 M*F?O7)\=2"K/3F6GS#$4N"G'*QBR(.P3[*5XB/._:R]! ML>U4OXS'N`#+@Y0='6N-,1JBP4BQ,V4NEMV1?]&-Z1'RV,F/;&]ZN-]:=0Y5 MLLV32HV?3QOF5IYB)]2B;&(`2U%(M"W`;TK^&3\> M$=2M&N7.J!7)XP"K4DI6L%HRE^,WI3"_96$2Y)E]YLGML[-CJ-V6YW57P"BV M,V51ZLDZW!2(;I]0!45[+&C5%E>M/+_SK2P(@(H-'#50LZ(4Z*K64]=UOL>3 M:7\Z@-CY)KZN,/;9M#O=L4$)&$"M+P"SM"1UIHX#0J,.(VI M"M;-,2"B#PRE!)#2X6'74"3XMSS$[RN?:2[&F(;^5W:J@@KO0G(R]3 M7ML>I.8D)-5J*\[N16'L13!$9A[CG]U(0&V]G]=JPUH2VIFW-!$MBZ#):`4' MEXPR9]DH;;O3*%OII`#8ON9*3;Q]MY78&I;\M#Q%+0W6BVHC_4KC4[1K=X$T1T#1!-TO03,JZ> M]UL'3WP4^=KG_;;[$\?TH%N39VUQ=#D.CY?)] M>A2P=&"[;F)WWH`GUYP?V'\/1C<"4OQX?V["3E2&HH-J9X=2"BTK^_N".(K\ MWIW*!)`F1+PDAV9DU`R0-/JK5;RC.X(VUW$8K/1#Y"J`Y2N_-,1;=WY)K,'( M2$M1<.M7`4`E`MRRR$6PB8)UL/*BC/=OB1^S"_++/\D::4.PU1RIDT.-%,D( M"4:.G>CR"=+557_^.ULP/ODPG8PG@_YTB?J#P>QFRI8X7L\N)X,7F&.1;'F8 MQAEA&1>C1%Y8+2.6A3=CE+7M#.8N5)L7]!#G\NK&DQN;H4!ZXUP%W9]"]5IG MBA0+/@/B&S3+PH)9O?<,C,GFN>9J3'.-=:1*'?^60Y##(?J0'`9F,S#89"NPCC=)5B7 MAG4J`8(R%:Z9B%0`!Z]7.6?N,IZ;$5K.2&9&[=='G7IOY^3:!W M:AK=HUE9X,CVLW=1U5-;.I8ANT;)3J[U[YG MPK@`,/(\A+7H3HJBC'P!0+T4M"\&7.0T^$9*^,0K$0XFFB&E\&? MN\`/LB?SZ*V&V+U75T^^>:>NW!Z,A`U(G7M%PL1K_;E&ACEQMG!48P4FK<*A5F2/.HBUT:1#A]K:4I0_R`PWA+TS.2IVWP M(+[?>M&3NJO M%([:WN)M2GK:M>N5Y,8PQ&+`D+^`B4!H=*F#8#1&A3?[!:.24"JPL]D426G6 M6R+.R+E@=,P4"\09!(9&;E)Z'$::!?=>)MW"WS:RJ0XQP;HTFA9@="&DU18% M,:*QHS*#(0JZ!X].:)&_:CNLV7)S:3K3$6M['[2Q.^V-NUH@&,%U82O=[0MS M6_W8"Y*/7KC#M>'6291FR>Y^[Z/DL1AB;0JRDSMU01H!P0BR"]NV("D6,7!S M!+R&AR'-:H[,+#S*S9W,5AH$09DM&)EI",HGPZ$TM\7UWG.\BC=10/L/9EHR MP#FX4EWOAN"N=3D(C,Q,F?*[$Q@.U8`P9->^.LE,=%J4RXNM#`2G@8"1FQE/ M;@*/WDY`('2TBIY6R*`PY%9>SX5].I*&HS2?/]\6D^HD+)-&/7C`U\0A=49W M4$E6YV8.=[4Q:].]&##R/9P[?^<0D7N/%87J9<%0]11_KFW(3N*(_+C"M?S6 M+*IV+\;N48F'.=D\,+%;&6"4?"!Q/@V@BD?U8R(:9<&0\WX?"7^B_M*[#;5K M>KH4X&;OCZECXFU`.K15V3[@Y#9.\:4J#G=E_F7LY=Z[-5JO,3US=']A]MS+ M6)8>K8B?^1Q.-^4>4J0;+1_NO%C=W2&IU>,3N6)H;R1_DLECMG8H"*/1#^'/K'$;CT7Q.XCM1-^HO M%J/E:QWCUSY;IS(`4JUB5MR(#OW^-6N7'5Q!`DE_0[HALNH5&%FK M7RG!JH(Y"Q@U+*/5KN+2#GG4T,*;7)[CI)#EWL3565FRU[C\'L;!]@IF7#73 M,E!ABT8&-\V]8D+UHM>OV#W;W*#7:\16>A,+1:%9?A/+URFZU-S%\IHK5]@H M/AL!90.J:7^7W<5)\!<6GLFK,(=71R9D16=`T%D-"LKG-E*TA[FO)"*R6<(V MZ?EL[4(Y>:.I+!D,=*5I22LKCZ#SY1W.XE_1>3)^N=0(>%5ER)>/@@4,V%O6 M=*?+BV:&A%Z!G5^W=D6Z?N.X>$\OY3-LQW)3>%6D(VK2?N605TKXZP3E;TL] ME]4AK'4'S*A7O0.U.8P.H1%'M688+'^/C]%U0E)4MMR#%8`6<>@N/+_2=:+@ MWOD.G-4]C!),%[C6*QE$`ZL+T7)KB#6FY6J8!;U,K'ZA-?'8QPE=4%U,Y2AN#*$ M(66:VN4'385A_)GF!^UIWL$=\0-/HOX]74DF>4[=B[$IXT.=K(NX:QEV)/P^ MEW"$-S115V4E!_+GYP?3]!P]E(4AKRSMM>[RP5G['11U=81F]F[KD9/<7\_# MVP":4I*S$]V0O*5W<:>T^M=Q@OCF&\I.)V[%"B&OR4K5$)M!RX1\/4"I[,&T MIP8D^:-1BJX1S0L]"@*:%7*^#;QM0%^Z."4_)LD3>5D^>XDO2P8[X)WJ4.>6 M4I0R,%R%:AB+XF.1Y$4;%-(-4BL*BQ]P`E2G?&I@^FQ$2*?:E+NB5"4/@Y:^ MF5.VEK&]7AO=H?%PWR:;ML4PLCT#AJ*(YG.-\"OE^[,R=%;Q=IS'6U'6JC"V MEOMK"5<]`*FE\[;/B!YWK'35R+%=P`R!"@B,T$*T/2":#;)ZNSUZW`;Y",R0 MQ%S)VV&$M!EX.KA2CT,&,.?BZ\Z5/TUH#T![!*(0&$H4[Q'J,%#:9550LM0MP6%?:UH\=8VQ)5#/J+'BEO!>CQ*LAQO8N]Z3$JC!T]>#9U?A>' M/DY2^1H0W@K0@U>0$YY349A^C8I;//O-@3&Z",]=?=2DT8]\L]K180#5E3%5 MQ2O#SD#,S1U54I7%B_;!2(T`58.;%/N3 MJ#AU,-KT:8+!]"&J#',TH%HZ@+1H&((=%UH6@FZ?T#>T'!1$WZ*J*+0OR]72 M8^HI3H*8GCN48"_%0YS_+:I/N36@^C,@*3KC]1CE(%2BT# M@7K@%1W1HW659-DZV`:.]@\@S25K11%T[6VY([.>!OR'E8-H08B5I+RLZ+6& M,KONB'5?14I:@A/QZW:.7B`G:Y';EIH@36O;.GK37G%RV'V]',)6NK*F>EO28R1XKZ#4 M7Y?)5L`U5*=G5"5L2.Y+[T&6/]HF M=I/KR/K(:&I+KB2GZ5,&%B&9$XI0"%*V^]??@I1DBB0(@*0"R$T>DEC>A7;W MAP46BP7P[K>GA6NML$\=XKT_.CT^.;*P-R6VX\W?']V-&ZUQN]\_LFB`/!NY MQ,/OCSQR]-O__OTO"_Z\^T^C8?4<[-J75H=,&WUO1GZU!FB!+ZT/V,,^"HC_ MJ_41N2'[A/0<%_M6FRR6+@XP_"+^XDOK_/A\:C4:$LU^Q)Y-_+M1?]OL0Q`L M+YO-Q\?'8X^LT"/QO]#C*9%K;DQ"?XJW;7VZ&ET?/\U`Y@X*X.>SD].SYLE% M\^3-Y/3MY?F;R[.WDNT&*`CIMMV3IY/UGYC]G>MX7R[97_>(8@M`\.CE$W7> M'R6T>3P_)OZ\>79R=S??<=["_=38D#781XW3 ML\;YZ?$3M8\VQH\LZ!,7C_#,8O]"G]A^:^OC9-QD'S8!F'"!O:#EV5TO<()G MAI*_B(0$P:-6'GP\>W^$5@%M,,!/WL1?]8,,;_"\!)^@#NO21U934;HKY#(+ MCA\P#JA(G%SB&K__%OF@[`,.G"ERE83)Y:PF&7,@S(Q/A[/ADHTD8'2AB8JY MZI.HC>A#SR6/2@)EF"K*$RX6R'\>SL;.W'-F8'KHJ=,I":&K>O-;XCI3!XL% M5&JEFL30KA]BN_NTQ!X5B\8AKR9#)\03,IR!HM@7^G\.;;5O;Z.E$R!W')#I M%]&WY]%6_':R6#A!U!MA2&N3"&*8[B6ZB01K-=GZ$'4L\`0]B67)(:WVW=?. MU]"Q87P'U3X04`ST`\B%\X.(KZI_WU/\-023=U?,[F)/SJ?_%J-,O:/-7D>= M";IWE<>>7:;:>KJ<+%R&6NW22/W-SQ`/IOD5UAE+.?Q MUC>VJTHGPUM;KVOTL`VAD;O]2!)JA2;JD[6#9]CWL0T_M2C%00E9!4W4)JLJ MZ!*L1;(M?4QAG(]"W&OX8(<%/P6P4,;VIB$F:\G5$7S,>&'M>FHUK`U'\K_( MLZV8W4KRKZ7=R.N2Z8Z(+ELJ$F$0QH3]7"1GZYX&/IH&FX9<=(_=J/G/C%>. MM5E&V+4YH\4KQ=/C.5DU;>PTHZP!_"=2I'%RNEZZ_@`??8YE&.&YP[[:"UBZ M@"-Y/FE:TF0W:/E3B_C@F0#7IE'D3W?`SRZWUQ3-9;2*:TP?''?;;V8^6:C: M.H!H@30VDZCGHCD' M@!2-I.%_,LKPN7KJ,'@[])F./8=.D?L71GYQY^>32\+PLU$PB+37-P7_B5WW M=X\\>F.,*/&PW:?I+O2^N//6Z&&LY[C@4P.]'1"'8F$ MN1QK9<5EON1XM:;ABR$@RLJ8A-VM MCY?(V91/K'7D8,6AU9JBE\:F4%$SL(AU*1S3-.?EJPUB.=8&Z>-:B>M86ZZ, MD8`!"9`;46K%Z=I!]XX+2F-6FQ@MN!Z("V:GS.N#9\'L),^N-?E?%FM5ZYCA M>PFIY6*,(@:M&P,UX&9TM+$N^,N*RQLX^?1:]PLD[$VDM#`)G&35(QWZ2>\O M1DF&4>L^@AI<\G8P`S=I;ZK@1OO94ZAON'LMX8ER0%)#"+*G#8NRX!Y*U)%( MV1O($=CUKOGH0:)@*5J^+"*V_'$)DX["14N`A=&&/M3N@[WKR#5]@E2S;B MPM`[Y]9J2K/+0K&O=(4*%*I&,<-GLCI*S_+R\)B58>"K?.BAFRAW4C*C)`^T ML2F)0G/4"KN6G=[\"PVVV[[GA=N^UH\[[/_]O@V\[V`=[,T6]6R.B,*H6^Q' M)3?B^)W/>8@;Q@HF,6.VS-1(M<+@@?C.WR_NRL/:0-K5W0R`=A>4BH.B++/6[>6R\*E9QD0T)8='$=-!;E?+6<)ES;,(G/N0+%#H34^53)DCF)F MC!BW/IEA2J-MD![FFCU+IC6Z5+(]3T4S`,BH(CM4:PX9JPS1KV7/(+;!-:&T M![:);\H,0<^7F/$*SXB/$[=_W3@>+&78::D``USL^-1N*W%Z_0;#D@=^LP*2 M*!0M#/6^D01::RL5^IL&6,P82];55%N]UOYVA3T\(>I,P?<[CAL&W#2.D$MK M5:8"/I+J[RG8_Q,[\P?XFM8*>LD<#\+%/?:'L\P!^DBJ8D3*-:6WP%(!IRJ6 M,B0!E[T0?YM_^[DP_\88K9C3B+WUK2+R>^HY+!K'O`$.F$"P*EHY@.'5\QW% M$-)LQ^K6-'!6<>%'L89E&C)DIYT+8M+KRAO*C,D-Y!>&%RD:K4F_"O8F7(U, M`@3D\C&BN(/C?Q.ZK6M/Q8E]Z09,V7J7XGC6(>J]8\:=U(\FUC!IKR4TCEF,:<'?N:@YF#0'1=I5`]6BUL MR)3#Y%40EK"4&4B#X%.,[2C;RFI(6)7UT!\C%P]GA27X,HQ:DY@5D"%J:IJ* MYPA'AWIND1\\=_`]_Y:;(A:M6<_Z,>39Q`STY/6M/-Z:F(T+>EE(!@S&GVJ7`%JO^&L`M@%'_>7=UP"I#LXP0AZ_V`^,!^GRF_R2\ M.D1,ZEI`ZGJV?HC&X7+I1B9`[L8$\J^627/K/ERO!K.B4S;U'^Q&`&[: M)TFB^92]HHT)3PVS,-B6Y13"D*+2?*"^"A*Y^NKRG2H5.7 MT-#';"OW[N:F-?K+&O:L%X\/0E),NOEGE'.NM6; MM%N!_XSNNAVK^^FV.QB7=!Y.5LCT&]E*-(4JP2C#663Z4?K9;T,'Y MY#J[M+RUM:DR',#S`S=$<:)X%D-F[B(X^" MZ5FEL*#3B]FTGKG+%^X%`9'3*+6@TX]DX=L]PJ=L'HV.E7PV/NM8%VG':K=N M^Y/6M36>#-N_:_0KJ5LP13=??LL@:OJ`[9#MJ426OGINNXB*HR<1ET[?$%^_ M)JFTSMY/%@LG/G+!7GF(CG3,L9>[##D]R3C#\.:F/[GI#B9CJS7HP,_1XJ,[ MT+SR*-#J17Z![RBVH?E.&:&D(D]3;42GXY6"-WT3C;K%-+II(I61=GXI9]%_&4`A+;A;-3,^X=F`6MMD\[-D? M"*N_(QXLD;RLFYREW>2Z_\==O].?_!7-71^&+&T&,QBLEP8:O6;W:@"/$M>Q MXW[AV;<)@R5NE)%.)=34MM;;1-=PRWMB,8M.3ZP5ZMU+1L56TIH&OZ?X:PC- M=%<[AWVWOGJ>37A?C;M_W$&D:74_LGA3YZ&EE/C";4@>N=:=U5VAA`LQ/KW6 MHT<"*';W304J&[\QQ-T@.OVI_`:1]>.F69V7[+Z6O:(!"@"`O'O1TEG]',+# MV0/BJ[FWV_UW+ZR'%=P2><^B84O,IO5DGIK196VPMSNDJ$.'LV1@(C)_,8O> M!U"53"^CNQE%'FM)7]0KAB9)I_?1TS)X9+4T`X0[RLX.T,!90+3.FP'21%H/ MM*F9/U\_,VR?_V!QI)5PNI#DU7I`30TI)6N8`6`/.7YTI71BV=OW0,5P\2([ M!T!)7JWGS]0`5+*&&0!N,X9R3L$IP26F$Y7N8\3++BI9K3?2]]X7EE=S;#[`C^R_7. M(^BW+(J&7NPZ<5)4S4_+-'E`I3-UV,Z,0.=%D\YZ(`$56I3BJ("N_$"MV)H! M;Z>4`+^4RPO/"IU:R9'IO9:UR0BVCZYY,&QW?@=&K-0?!"FR;0Z=U=[>< M<;G:[K?C"AZHR5!IW:>MY6!EY16*SD?.DRP\J?*OOVS\@;YE]J;\G6X MEUZ4%=\ZE^(\P`A;P2*'#[_.]]%-BOR57T=_%7@K>KPL\P&N3]3LKKU6E[]@_T+$U+Y8H'%Z+&/2^KU!;++77059#84*CA\'NK!)[LR?(V10[ MR]R9LU.JT+!ZW4YWU+I.?/Q/V1*KZ;1`"HC=UXGSWJ@6Z%NEP<-+M<&O.G#VYMF`EJ9Q>H-Z, MUJ1'O7V@K`W5I_6+>&+U\)S%\WM8.PUPD+8-;YK+H]2:R:@7U`)+'.0N;#(8 M2W=/;C!6>%,:^UVWUQV-NITH#&N-Q]W)]V!,9?3-5+I!KQ-H5,QR@/L',C8P M8Z[,2+K>=F4//+>1[S_/B/^(?)L7*BGP:YT=I1`I0E!D%T/AS,[CLD#F<6J= M"RM#R+>%SJAE?Z.NPFBK.8U?&=J$MH<>R0AK7`L``00E#@``!#D!``#M6UMSZC@2?MZIVO^@X6GVP1B2.9/*1PZ^MV]Z=V2S+-]6^K M18">B9"4LYM&N]EJ(,(\[E,VOVD\.D;7Z=EV`_WVZS]_0/!W_:-AH`$E@=]! M?>X9-IOQ7]`(+T@'W1%&!%9<_(*^X"#4$CZ@`1&HQQ?+@"@"`_&=.NBR>>DA MPSC`[!?"?"X>)W9F]DFI9<FHP_XQ"2S]?5V,FRN M9N!S'RNXOFBU+\S6E=GZY+8_=RX_=2X^'VA7817*S&YKU4K^8O5KZ3V1!49` M-Y,WC5P(+Y=-+N;F1:O5-K_>#YT(UXB!G55`V;==\/;5U949C:;0+>1J*H+4 M]*6IAZ=8DLPRC-(*/&528>9MX'V5*>3!'\QX<`-*=T(_QE":0GU2P$GB->?\ MV80!4\^%T6H;E^T4'DICCO$R4YEA.8U,)P,[5!AG+%SL#M17PE2O2V("R``4 M$=3+]/8K;2J`"UHL=SH7C>SPKOO%=3(%?1%A6I\T@@1D09@:<+'HDQD.`V#_ M>X@#.J/$;R"%Q9PHG7QRB3U28B7-7,P8APR%9R^1:-ER22�?"/:YT>'<$# MXH*G2'^`)V[3IA::D/:A]JK+?(LIJE[U,R`6D>4&HOY-HQ*A[P5WCN[FDQEE M-'()'I,V,E"JFO^(F8]B.RAGZ-HLFL@9#B7QQ^S7Z/-2$`EF(J4A"!+%!%*B MY.'`"X/C=-:N[%1)!"G#1W%^BP/])#I/A"@9D[PI*F?U`JC4E8DDM"9Z*%:L M+XL/6$`\3T11\'('I9OCY?Q>5O*+?MJP\Z]:\9W1(L>S\5+O#.`N2?J6C)7S M_'.!Y[4!Q&=H;:*V#/>P?!H$_&4'P>NAMK%:"4X79KB^'Q_;WMWELCUT'=41^NHU)JC6I71VWF\05Q\2IE."\H M9[1=9-0>`:?P['>_UHS`(?T>4A_.I9"/=QRR$9(2BF9R"BX=+:?VHDCMT/[] MT>[;[A]1JMZ-]9H/"0OU=50KIIUP*LGW$,*PGG4!2'=ZM;Q_K] M$#.?6OCR[V^)R9K?.;_F%L9ZL%I+3*%SWB<(TV)W(9=AR_O<> M['8F>V*W7O.2/^,E!(RPT&_0GLGV*7`+43X'>TZ%&=TH,U8OXO/GPMW$5R+* MB:\^2=:>]UP=-P;$)P('F6BC"AT"+)V%BZW3YL828*"!U;? MMG>*MY_=)!]NTA)CKGMBDNMBW\PU!,Z%0FRK\::JARKN_AIR+S)5H:*OC%3/ MT"*C?6%!$=>=3B1N1"SL;NDP2*)G9,M:V#O6G MLK.LRIVBCOYPPOTKV]1.IT-+3O#F@!:X0S(EKSF*%76J7.E4:7_\+YTYS9%] M7B0==?$+!]C]_%G5J]:=2B6PIQJ1U]5];6LL3C[=-)0(X9EC-`CTJY_T.FJ[ M[$")HMQWHTKJAR+IGHLK:XP`*Y3-;446&@5$A&"8JE`C[P0/ERF0`J0R1"AW M'M7O:L.%+O/$[X?:=)\\DX`O-=A1>$ZR,`_'[PTMKF,J'9K&S5$W#0^V\51M M!KS@#/:#XO4-0AZ+.6;TKXC5'I?Z"X,XMET#1\Q/(0J?3-\QB%O,OO6>=(]G MYOZFZ%P=_P^A\R=(F^XS')_G!$K#E(CQS`''B1R'2J>$;B^_Q9)Z?1J$2G>S MQA&>J'OJ,Q:9?8.01UP1Z?(!94`PU:]OTNZI8A$Y!'EV):3X)0-9J=L@:G:( M@ZH8/]KUN%V[HU(;;U(!-RN7_C4"9J];81R`.X=P=.[+\2Q_&ML*90_F',+H MAK`$#,BZNN4%Y[JR))D^)',<;/B^+3_7$%R!F9P1T9WKWQ;D8M@U<*Y!;#4! M[BQ$9QR`;F?B+'K-'RT!?O2SH0N> M)6D@9_,AE[*'A7@=&UL550%``/A/TI0=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`,W4G M02B/O4BP"```"U```!4`&````````0```*2!+1\``&%V=',M,C`Q,C`W,S%? M8V%L+GAM;%54!0`#X3]*4'5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`#-U M)T$=6O(A-P4``($B```5`!@```````$```"D@2PH``!A=G1S+3(P,3(P-S,Q M7V1E9BYX;6Q55`4``^$_2E!U>`L``00E#@``!#D!``!02P$"'@,4````"``S M=2=!<]3@[$48``"Q/`$`%0`8```````!````I(&R+0``879T&UL550%``/A/TI0=7@+``$$)0X```0Y`0``4$L!`AX#%`````@` M,W4G06ZXD`#H$```B^X``!4`&````````0```*2!1D8``&%V=',M,C`Q,C`W M,S%?<')E+GAM;%54!0`#X3]*4'5X"P`!!"4.```$.0$``%!+`0(>`Q0````( M`#-U)T$S.\0YGP<``-(W```1`!@```````$```"D@7U7``!A=G1S+3(P,3(P M-S,Q+GAS9%54!0`#X3]*4'5X"P`!!"4.```$.0$``%!+!08`````!@`&`!H" (``!G7P`````` ` end XML 18 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES (Details Narrative) (USD $)
9 Months Ended
Jul. 31, 2012
Notes to Financial Statements  
Operating Loss Carry Forward $ 58,460
Carryforward Expiration Date Jan. 01, 2030
Cumulative tax effect expected rate 34.00%

XML 19 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 20 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
ACCRUED EXPENSES
9 Months Ended
Jul. 31, 2012
Notes to Financial Statements  
ACCRUED EXPENSES

 

Accrued expenses consisted of the following at July 31, 2012 and October 31, 2011:

 

    2012   2011
Audit fees   $ 2,000     $ 4,000  
Legal fees     0       3,079  
Transfer agent fees     0       1,440  
Total Accrued Expenses   $ 2,000     $ 8,519  

 

XML 21 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Balance Sheets (Parenthetical) (USD $)
Jul. 31, 2012
Oct. 31, 2011
Statement of Financial Position [Abstract]    
Common Stock, Par Value $ 0.001 $ 0.001
Common Stock, Shares Authorized 100,000,000 100,000,000
Common Stock, Issued 2,625,000 2,625,000
Preferred Stock, Par Value $ 0.001 $ 0.001
Preferred Stock, Shares Authorized 10,000,000 10,000,000
Preferred Stock, Issued 0 0
XML 22 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
ACCRUED EXPENSES - ACCRUED EXPENSES (Details) (USD $)
Jul. 31, 2012
Oct. 31, 2011
Notes to Financial Statements    
Audit fees $ 2,000 $ 4,000
Legal fees 0 3,079
Transfer agent fees 0 1,440
Total Accrued Expenses $ 2,000 $ 8,519
XML 23 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
9 Months Ended
Jul. 31, 2012
Sep. 04, 2012
Document And Entity Information    
Entity Registrant Name Avante Systems, Inc.  
Entity Central Index Key 0001504388  
Document Type 10-Q  
Document Period End Date Jul. 31, 2012  
Amendment Flag false  
Current Fiscal Year End Date --10-31  
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   2,625,000
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2011  
XML 24 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
DUE TO OFFICER (Details Narrative) (USD $)
9 Months Ended 12 Months Ended 24 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Oct. 31, 2011
Jul. 31, 2012
Notes to Financial Statements        
Proceeds From Officer's Loan $ 12,519 $ 0 $ 1,500 $ 14,019
XML 25 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Operations (USD $)
3 Months Ended 9 Months Ended 24 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2012
Income Statement [Abstract]          
REVENUES $ 0 $ 0 $ 0 $ 0 $ 0
OPERATING EXPENSES          
Organization costs 0 0 0 0 320
Bank charges 0 0     20
Professional fees 2,000 2,000 6,000 6,000 56,120
TOTAL OPERATING EXPENSES 2,000 2,000 6,000 6,000 56,460
LOSS FROM OPERATIONS (2,000) (2,000) (6,000) (6,000) (56,460)
PROVISION FOR INCOME TAXES 0 0 0 0 0
NET LOSS $ (2,000) $ (2,000) $ (6,000) $ (6,000) $ (56,460)
NET LOSS PER SHARE: BASIC AND DILUTED $ 0.00 $ 0.00 $ 0.00 $ 0.00  
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED 2,625,000 2,625,000 2,625,000 2,625,000  
XML 26 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
LIQUIDITY AND GOING CONCERN
9 Months Ended
Jul. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
LIQUIDITY AND GOING CONCERN

 

Avante has negative working capital, has not yet received revenues from sales of products or services, and has incurred operating losses since its inception. These factors create substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going concern.

 

The ability of Avante to continue as a going concern is dependent on the Company generating cash from the sale of its common stock and/or obtaining debt financing and attaining future profitable operations. Management’s plans include selling its equity securities and obtaining debt financing to fund its capital requirement and ongoing operations; however, there can be no assurance the Company will be successful in these efforts.

XML 27 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES
9 Months Ended
Jul. 31, 2012
Income Tax Disclosure [Abstract]  
INCOME TAXES

 

For the period ended July 31, 2012, Avante has incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is approximately $58,460 at July 31, 2012, and will expire beginning in the year 2030.

 

The provision for Federal income tax consists of the following for the three months ended:

 

    July 31, 2012   July 31, 2011
Federal income tax benefit attributable to:                
Current operations   $ 680     $ 680  
Less: valuation allowance     (680 )     (680 )
Net provision for Federal income taxes   $ 0     $ 0  

 

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

 

    2012   2011
Deferred tax asset attributable to:                
Net operating loss carryover   $ 19,876     $ 17,836  
Less: valuation allowance     (19,876 )     (17,836 )
Net deferred tax asset   $ 0     $ 0  

 

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of $58,460 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

XML 28 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
CAPITAL STOCK (Details Narrative) (USD $)
9 Months Ended 12 Months Ended 24 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Oct. 31, 2011
Jul. 31, 2012
Notes to Financial Statements        
Common Stock Shares Authorized 100,000,000   100,000,000 100,000,000
Common Stock Par Value $ 0.001   $ 0.001 $ 0.001
Preferred Stock Shares Authorized 10,000,000   10,000,000 10,000,000
Preferred Stock Par Value $ 0.001   $ 0.001 $ 0.001
Common Stock Shares Issued 2,625,000   2,625,000 2,625,000
Common Stock Stated Value, Price Per Share Sold     0.02  
Proceeds From Issuance of Common Stock $ 0 $ 0 $ 52,500 $ 52,500
Preferred Stock Shares Issued 0   0 0
XML 29 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
ACCRUED EXPENSES (Tables)
9 Months Ended
Jul. 31, 2012
Notes to Financial Statements  
ACCRUED EXPENSES
    2012   2011
Audit fees   $ 2,000     $ 4,000  
Legal fees     0       3,079  
Transfer agent fees     0       1,440  
Total Accrued Expenses   $ 2,000     $ 8,519  
XML 30 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUBSEQUENT EVENTS
9 Months Ended
Jul. 31, 2012
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to July 31, 2012 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

XML 31 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
9 Months Ended
Jul. 31, 2012
Accounting Policies [Abstract]  
Nature of Business

Nature of Business

Avante Systems, Inc. (“Avante” and the “Company”) is a development stage company and was incorporated in Nevada on August 12, 2010. The Company was formed for the purpose of developing, manufacturing, and selling a video camera integrated with a 3G mobile phone module specifically for use in schools, child/eldercare facilities, and residences in Asia.

Development Stage Company

Development Stage Company

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development-stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, and there has been no significant revenues there from.

Basis of Presentation

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at July 31, 2012 and for all periods presented herein, have been made.

 

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's October 31, 2011 audited financial statements. The results of operations for the periods ended July 31, 2012 are not necessarily indicative of the operating results for the full year.

Accounting Basis

Accounting Basis

The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted an October 31 fiscal year end.

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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

Avante’s financial instruments consist of cash and cash equivalents, prepaid expenses, accrued expenses and an amount due to an officer. 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.

Income Taxes

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Revenue Recognition

Revenue Recognition

The Company will recognize revenue when products are fully delivered or services have been provided and collection is reasonably assured.

Loss Per Common Share

Loss Per Common Share

Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any potentially dilutive instruments.

Stock-Based Compensation

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

 

As of July 31, 2012, the Company has not issued any stock-based payments to its employees.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Avante does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

XML 32 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES (Tables)
9 Months Ended
Jul. 31, 2012
Income Tax Disclosure [Abstract]  
FEDERAL INCOME TAX
    July 31, 2012   July 31, 2011
Federal income tax benefit attributable to:                
Current operations   $ 680     $ 680  
Less: valuation allowance     (680 )     (680 )
Net provision for Federal income taxes   $ 0     $ 0  
DEFERRED TAX ASSET
    2012   2011
Deferred tax asset attributable to:                
Net operating loss carryover   $ 19,876     $ 17,836  
Less: valuation allowance     (19,876 )     (17,836 )
Net deferred tax asset   $ 0     $ 0  
XML 33 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES - DEFERRED TAX ASSET (Details) (USD $)
Jul. 31, 2012
Oct. 31, 2011
Deferred tax asset attributable to:    
Net operating loss carryover $ 19,876 $ 17,836
Less: valuation allowance (19,876) (17,836)
Net deferred tax asset $ 0 $ 0
XML 34 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (USD $)
9 Months Ended 12 Months Ended 24 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Oct. 31, 2011
Jul. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES        
Net loss for the period $ (6,000) $ (6,000)   $ (58,460)
Changes in assets and liabilities:        
(Increase) decrease in prepaid expenses 0 6,000   0
Increase (decrease) in accrued expenses (6,519) 0   2,000
Net Cash Used by Operating Activities (12,519) 0   (56,460)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from sales of common stock 0 0 52,500 52,500
Proceeds from officer loan 12,519 0 1,500 14,019
Net Cash Provided by Financing Activities 12,519 0   66,519
Net Increase in Cash and Cash Equivalents 0 0   10,059
Cash and cash equivalents, beginning of period 10,059 33,308 33,308 0
Cash and cash equivalents, end of period 10,059 33,308 10,059 10,059
SUPPLEMENTAL CASH FLOW INFORMATION        
Interest paid 0 0   0
Income taxes paid $ 0 $ 0   $ 0
XML 35 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMMITMENTS AND CONTINGENCIES
9 Months Ended
Jul. 31, 2012
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

 

Avante neither owns nor leases any real or personal property. An officer has provided office space without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

XML 36 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 12 89 1 false 0 0 false 4 false false R1.htm 0001 - Document - Document and Entity Information Sheet http://AVTS/role/DocumentAndEntityInformation Document and Entity Information true false R2.htm 0002 - Statement - Balance Sheets Sheet http://AVTS/role/BalanceSheets Balance Sheets false false R3.htm 0003 - Statement - Balance Sheets (Parenthetical) Sheet http://AVTS/role/BalanceSheetsParenthetical Balance Sheets (Parenthetical) false false R4.htm 0004 - Statement - Statements of Operations Sheet http://AVTS/role/StatementsOfOperations Statements of Operations false false R5.htm 0005 - Statement - Statements of Cash Flows Sheet http://AVTS/role/StatementsOfCashFlows Statements of Cash Flows false false R6.htm 0006 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://AVTS/role/SummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES false false R7.htm 0007 - Disclosure - ACCRUED EXPENSES Sheet http://AVTS/role/AccruedExpenses ACCRUED EXPENSES false false R8.htm 0008 - Disclosure - DUE TO OFFICER Sheet http://AVTS/role/DueToOfficer DUE TO OFFICER false false R9.htm 0009 - Disclosure - CAPITAL STOCK Sheet http://AVTS/role/CapitalStock CAPITAL STOCK false false R10.htm 0010 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://AVTS/role/CommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES false false R11.htm 0011 - Disclosure - INCOME TAXES Sheet http://AVTS/role/IncomeTaxes INCOME TAXES false false R12.htm 0012 - Disclosure - LIQUIDITY AND GOING CONCERN Sheet http://AVTS/role/LiquidityAndGoingConcern LIQUIDITY AND GOING CONCERN false false R13.htm 0013 - Disclosure - SUBSEQUENT EVENTS Sheet http://AVTS/role/SubsequentEvents SUBSEQUENT EVENTS false false R14.htm 0014 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://AVTS/role/SummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) false false R15.htm 0015 - Disclosure - ACCRUED EXPENSES (Tables) Sheet http://AVTS/role/AccruedExpensesTables ACCRUED EXPENSES (Tables) false false R16.htm 0016 - Disclosure - INCOME TAXES (Tables) Sheet http://AVTS/role/IncomeTaxesTables INCOME TAXES (Tables) false false R17.htm 0017 - Disclosure - ACCRUED EXPENSES - ACCRUED EXPENSES (Details) Sheet http://AVTS/role/AccruedExpenses-AccruedExpensesDetails ACCRUED EXPENSES - ACCRUED EXPENSES (Details) false false R18.htm 0018 - Disclosure - DUE TO OFFICER (Details Narrative) Sheet http://AVTS/role/DueToOfficerDetailsNarrative DUE TO OFFICER (Details Narrative) false false R19.htm 0019 - Disclosure - CAPITAL STOCK (Details Narrative) Sheet http://AVTS/role/CapitalStockDetailsNarrative CAPITAL STOCK (Details Narrative) false false R20.htm 0020 - Disclosure - INCOME TAXES - FEDERAL INCOME TAX (Details) Sheet http://AVTS/role/IncomeTaxes-FederalIncomeTaxDetails INCOME TAXES - FEDERAL INCOME TAX (Details) false false R21.htm 0021 - Disclosure - INCOME TAXES - DEFERRED TAX ASSET (Details) Sheet http://AVTS/role/IncomeTaxes-DeferredTaxAssetDetails INCOME TAXES - DEFERRED TAX ASSET (Details) false false R22.htm 0022 - Disclosure - INCOME TAXES (Details Narrative) Sheet http://AVTS/role/IncomeTaxesDetailsNarrative INCOME TAXES (Details Narrative) false false All Reports Book All Reports Process Flow-Through: 0002 - Statement - Balance Sheets Process Flow-Through: 0003 - Statement - Balance Sheets (Parenthetical) Process Flow-Through: 0004 - Statement - Statements of Operations Process Flow-Through: 0005 - Statement - Statements of Cash Flows avts-20120731.xml avts-20120731.xsd avts-20120731_cal.xml avts-20120731_def.xml avts-20120731_lab.xml avts-20120731_pre.xml true true XML 37 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES - FEDERAL INCOME TAX (Details) (USD $)
3 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Federal income tax benefit attributable to:    
Current operations $ 680 $ 680
Less: valuation allowance (680) (680)
Net provision for Federal income taxes $ 0 $ 0