10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

ý  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2012

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission File No. 333-171572

India Ecommerce Corporation

(Exact name of registrant as specified in its charter)

Nevada	27-4592289
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

5540 Fifth Avenue #18, Pittsburgh, PA	15232
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (412) 450-0028

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 past 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.

ý Yes           o 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 during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

ý Yes           o No (Not required)

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

Large accelerated filer o	Accelerated filer o
Non-accelerated filer o	Smaller reporting company ý

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

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date:   25,477,500 shares of common stock as of November 12, 2012

1

INDIA ECOMMERCE CORPORATION

FOR THE FISCAL QUARTER ENDED

September 30, 2012

INDEX TO FORM 10-Q

PART I		Page
Item 1	Financial Statements (Unaudited)	3
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3	Quantitative and Qualitative Disclosures About Market Risk	16
Item 4	Controls and Procedures	16
PART II
Item 1	Legal Proceedings	18
Item 1A	Risk Factors	18
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3	Defaults Upon Senior Securities	18
Item 4	Mine Safety Disclosures	18
Item 5	Other Information	18
Item 6	Exhibits	18
	Signatures	19

2

PART I

Item 1 Financial Statements

India Ecommerce Corporation
(A Development Stage Company)
Balance Sheets
	September 30, 2012			December 31, 2011
ASSETS	Unaudited
Current assets
Cash	$	146		$	8,676
Total current assets		146			8,676
Deposits		1,090			1,090
Property and equipment, net		5,959			5,803
Website development, net		3,104			3,104
Total noncurrent assets		10,153			9,997
Total assets	$	10,299		$	18,673
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued liabilities	$	1,500		$	4,510
Note payable		4,500			-
Total current liabilities		6,000			4,510
Commitments and contingencies
Stockholders' equity
Common stock $0.001 par value;
75,000,000 shares authorized, 25,477,500 and
24,750,000 shares issued and outstanding		25,478			24,750
Common stock payable		-			100
Additional paid-in capital		129,408			99,286
Accumulated deficit during the development stage		(150,587	)		(109,973	)
Total stockholders' equity		4,299			14,163
Total liabilities and stockholders' equity	$	10,299		$	18,673

The accompanying notes are an integral part of these financial statements.

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India Ecommerce Corporation
(A Development Stage Company)
Statements of Operations
Unaudited
										For the Period From			For the Period From
	For the Three Months Ended			For the Three Months Ended			For the Nine Months Ended			January 19, 2011 (Inception) to			January 19, 2011 (Inception) to
	September 30, 2012			September 30, 2011			September 30, 2012			September 30, 2011			September 30, 2012
Expenses
General and administrative	$	21,082		$	44,017		$	39,335		$	105,258		$	147,932
Depreciation		431			344			1,279			1,032			2,655
Total expenses		21,513			44,361			40,614			106,290			150,587
Net loss	$	(21,513	)	$	(44,361	)	$	(40,614	)	$	(106,290	)	$	(150,587	)
Net loss per common share -
basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.01	)
Weighted average common
shares outstanding -
basic and diluted		25,411,413			24,500,000			25,257,619			17,748,031			22,074,738

The accompanying notes are an integral part of these financial statements.

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India Ecommerce Corporation
(A Development Stage Company)
Statements of Stockholders' Equity
																Total
	Common Stock				Additional		Common Stock Payable						Accumulated			Stockholders'
	Shares		Amount		Paid-in Capital		Shares			Amount			Deficit			Equity
Balance, January 19, 2011 (Inception)		-	$	-	$	-		-		$	-		$	-		$	-
Issuance of common stock for services
at $0.001 per share		6,750,000		6,750		-		-			-			-			6,750
Issuance of common stock for reimbursement
of expenditures paid by stockholders prior
to incorporation at $0.001539 per share
categorized as follows:
Cash		64,996		65		35		-			-			-			100
Prepaid expenses and deposits		1,553,394		1,553		837		-			-			-			2,390
Property and equipment		4,666,033		4,666		2,513		-			-			-			7,179
Website development		2,017,463		2,017		1,087		-			-			-			3,104
General and administrative expenses		4,948,114		4,949		2,664		-			-			-			7,613
Issuance of common stock for cash pursuant
to a private placement at $0.02 per share		4,750,000		4,750		92,150		100,000			100			-			97,000
Net loss		-		-		-		-			-			(109,973	)		(109,973	)
Balance, December 31, 2011		24,750,000		24,750		99,286		100,000			100			(109,973	)		14,163
Issuance of common stock payable		100,000		100		-		(100,000	)		(100	)		-			-
Issuance of common stock for cash pursuant
to a private placement at $0.02 to $0.10
per share		527,500		528		20,222		-			-			-			20,750
Issuance of common stock for services
at $0.10 per share		100,000		100		9,900		-			-			-			10,000
Net loss		-		-		-		-			-			(40,614	)		(40,614	)
Balance, September 30, 2012 (Unaudited)		25,477,500	$	25,478	$	129,408		-		$	-		$	(150,587	)	$	4,299

The accompanying notes are an integral part of these financial statements.

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India Ecommerce Corporation
(A Development Stage Company)
Statements of Cash Flows
Unaudited
				For the Period From			For the Period From
	For the Nine Months Ended			January 19, 2011 (Inception) to			January 19, 2011 (Inception) to
	September 30, 2012			September 30, 2011			September 30, 2012
Cash flows from operating activities:
Net loss	$	(40,614	)	$	(106,290	)	$	(150,587	)
Adjustments to reconcile net loss to net
cash used by operating activities:
Depreciation		1,279			1,032			2,655
Stock-based compensation		10,000			16,753			26,753
Changes in operating assets and liabilities:
Prepaid expenses		-			(236	)		-
Deposits		-			(1,090	)		(1,090	)
Accounts payable and accrued liabilities		(3,010	)		2,160			1,500
Net cash used by operating activities		(32,345	)		(87,671	)		(120,769	)
Cash flows from investing activities:
Property and equipment acquisitions		(1,435	)		-			(1,435	)
Net cash used by investing activities		(1,435	)		-			(1,435	)
Cash flows from financing activities:
Proceeds from note payable		4,500			-			4,500
Proceeds from issuance of common stock		20,750			90,100			117,850
Net cash provided by financing activities		25,250			90,100			122,350
Net change in cash		(8,530	)		2,429			146
Cash, beginning of period		8,676			-			-
Cash, end of period	$	146		$	2,429		$	146
Supplemental disclosure of cash flow information:
Interest paid	$	-		$	-		$	-
Taxes paid	$	-		$	-		$	-
Supplemental disclosure of noncash investing
and financing activities:
Issuance of common stock to acquire
property and equipment	$	-		$	7,179		$	7,179
Issuance of common stock for
website development	$	-		$	3,104		$	3,104

The accompanying notes are an integral part of these financial statements.

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India Ecommerce Corporation

(A Development Stage Company)

Notes to the Financial Statements

September 30, 2012

Unaudited

1.           DESCRIPTION OF BUSINESS

India Ecommerce Corporation (the “Company”) was incorporated under the laws of the state of Nevada on January 19, 2011.

The Company plans to build, promote and manage a multitude of ecommerce properties, in both website and mobile application formats, for the Indian market.

2.           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting - The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information.

The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Plan of Operations for the year ended December 31, 2011.

Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting.  Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows.  It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation.  The interim results for the nine months ended September 30, 2012 are not necessarily indicative of results for the full fiscal year.

Year-End - The Company has selected December 31 as its year end.

Development Stage Company - The Company's financial statements are presented as those of a development stage enterprise. Activities during the development stage primarily include implementation of the business plan, and obtaining additional debt and/or equity related financing.

Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

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India Ecommerce Corporation

(A Development Stage Company)

Notes to the Financial Statements

September 30, 2012

Unaudited

Transfers of Nonmonetary Assets by Stockholders - The Company records transfers of nonmonetary assets to the Company by stockholders in exchange for common stock at the stockholders’ historical cost basis determined in conformity with generally accepted accounting principles in the United States of America.

Cash - Cash and cash equivalents consist primarily of cash on deposit, certificates of deposit, money market accounts, and investment grade commercial paper that are readily convertible into cash and purchased with original maturities of three months or less.

The Company maintains cash balances at an institution that is insured by the Federal Deposit Insurance Corporation.  As of September 30, 2012 no amounts were in excess of the federally insured program.

Deposits - Deposits include a security deposit for office space located in Indore, Madhya Pradesh, India.

Property and Equipment - Property and equipment are stated at cost less accumulated depreciation.  Expenditures for property acquisitions, development, construction, improvements and major renewals are capitalized.  The cost of repairs and maintenance is expensed as incurred.  Depreciation is provided on the straight-line method over the estimated useful lives of the assets.   Upon sale or other disposition of a depreciable asset, the cost and accumulated depreciation are removed from property and equipment and any gain or loss is reflected as a gain or loss from operations.

The estimated useful lives are:

Furniture and fixtures	7 years
Computers and office equipment	3-5 years

Website Development - The Company capitalizes the costs associated with the development of its website.  Other costs related to the maintenance of the website are expensed as incurred.  Amortization will be provided over the estimated useful life of 3 years using the straight-line method for financial statement purposes.   The Company will commence amortization once the website is completed and is fully operational.

Impairment of Long-lived Assets - The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful lives of property and equipment or whether the remaining balance of property and equipment should be evaluated for possible impairment.

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India Ecommerce Corporation

(A Development Stage Company)

Notes to the Financial Statements

September 30, 2012

Unaudited

Revenue Recognition Policy - The Company will recognize revenue once all of the following criteria for revenue recognition have been met: pervasive evidence that an agreement exists; the services have been rendered; the fee is fixed and determinable and not subject to refund or adjustment; and collection of the amount due is reasonably assured.  The Company did not recognize any revenues from January 19, 2011 (inception) through September 30, 2012.

Fair Value of Financial Instruments - The Company discloses, when reasonably attainable, the fair market values of its assets and liabilities which are deemed to be financial instruments.  As of September 30, 2012 the carrying amounts and estimated fair values of the Company’s financial instruments approximate their fair value due to the short-term nature of such financial instruments.

Share-based Compensation - The Company recognizes share-based compensation, including stock option grants, warrants and restricted stock grants at their fair value on the grant date. Share based payment awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable.  Compensation expense is generally recognized on a straight-line basis over the vesting period.  

Dividends - The payment of dividends by the Company in the future will be at the discretion of the Board of Directors and will depend on earnings, capital requirements and financial condition, as well as other relevant factors.   The Company does not intend to pay any cash dividends in the foreseeable future but intend to retain all earnings, if any, for use in the business.

Earnings (Loss) per Share - Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during each period.  Diluted earnings (loss) per share is computed by dividing net income (loss), adjusted for changes in income or loss that resulted from the assumed conversion of convertible shares, by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period.

The computation of basic and diluted loss per share for the periods presented is equivalent since the Company had continuing losses. The Company had no common stock equivalents as of September 30, 2012.

Risks and Uncertainties - The Company’s operations and future are dependent in a large part on its ability to develop its business model in a competitive market.  The Company intends to operate in an industry that is subject to intense competition and change in consumer demand. The Company's operations are subject to significant risk and uncertainties including financial and operational risks and the potential risk of business failure. The Company’s inability to meet its business plan and target customer demand may have a material adverse effect on its financial condition, results of operations and cash flows.

9

India Ecommerce Corporation

(A Development Stage Company)

Notes to the Financial Statements

September 30, 2012

Unaudited

Income Taxes - Income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are established for temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities at tax rates expected to be in effect when such assets or liabilities are realized or settled. Deferred income tax assets are reduced by valuation allowances when necessary.

Assessing whether deferred tax assets are realizable requires significant judgment. The Company considers all available positive and negative evidence, including historical operating performance and expectations of future operating performance. The ultimate realization of deferred tax assets is often dependent upon future taxable income and therefore can be uncertain. To the extent the Company believes it is more likely than not that all or some portion of the asset will not be realized, valuation allowances are established against the Company’s deferred tax assets, which increase income tax expense in the period when such a determination is made.

Income taxes include the largest amount of tax benefit for an uncertain tax position that is more likely than not to be sustained upon audit based on the technical merits of the tax position. Settlements with tax authorities, the expiration of statutes of limitations for particular tax positions, or obtaining new information on particular tax positions may cause a change to the effective tax rate. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes on the statements of operations.

Recent Accounting Pronouncements - There are no recent accounting pronouncements that are expected to have a material effect on the Company’s interim unaudited financial statements.

3.           GOING CONCERN

The Company incurred a net loss of $40,614 during the nine months ended September 30, 2012 and has an accumulated net loss of $150,587 since inception.  The Company is in the development stage of operations, has not generated any revenues since inception and anticipates that it will continue to generate losses in the near future.  These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

These financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s continuation as a going concern is dependent upon its ability to obtain additional financing or sale of its common stock and ultimately to attain profitability.

Management’s plan, in this regard, is to raise additional financing through a combination of equity and debt financing. Management believes this amount will be sufficient to finance the continuing development for the next twelve months. However, there is no assurance that the Company will be successful in raising such financing.

10

India Ecommerce Corporation

(A Development Stage Company)

Notes to the Financial Statements

September 30, 2012

Unaudited

4.           PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of September 30, 2012 and December 31, 2011:

	2012			2011
Computer and office equipment	$	8,614		$	7,179
Accumulated depreciation		(2,655	)		(1,376	)
Property and equipment, net	$	5,959		$	5,803

5.           WEBSITE DEVELOPMENT COSTS

As of September 30, 2012 and December 31, 2011, the Company‘s website development costs are as follows:

	2012		2011
Website development costs	$	3,104	$	3,104
Accumulated amortization		-		-
Website development, net	$	3,104	$	3,104

As of September 30, 2012, the website was under construction and the Company had not commenced amortization.

6.           NOTE PAYABLE

As of September 30, 2012 and 2011, the Company had the following note payable:

	September 30, 2012			September 30, 2011
Note payable - 0% interest, unsecured and due on demand	$	4,500		$	-
Total note payable		4,500			-
Less current maturities		(4,500	)		-
Net long-term note payable	$	-		$	-

11

India Ecommerce Corporation

(A Development Stage Company)

Notes to the Financial Statements

September 30, 2012

Unaudited

7.           STOCKHOLDERS’ EQUITY

In March 2011, the Company issued 6,750,000 shares of its common stock to various consultants for services rendered at $0.001 per share.  The value of those shares totaled $6,750.

In March 2011, the Company issued 13,250,000 shares of its common stock to stockholders for reimbursement of expenditures paid prior to incorporation at $0.001539 per share.  The value of those shares totaled $20,386.

Between March and December of 2011, the Company issued 4,850,000 shares of its common stock to various accredited investors pursuant to a private placement at $0.02 per share. The gross proceeds from the issuance were $97,000.  As of December 31, 2011 100,000 of those shares had not been issued and were reflected as common stock payable.  The shares were issued in February 2012.

From January to September of 2012, the Company issued 527,500 shares of its common stock to various accredited investors pursuant to a private placement at a range of $0.02 to $0.10 per share. The gross proceeds from the issuance were $20,750.

In August 2012, the Company issued 100,000 shares of its common stock to a consultant for services rendered at $0.10 per share.  The value of those shares totaled $10,000.

8.           SUBSEQUENT EVENTS

The Company has evaluated subsequent events between the balance sheet date of September 30, 2012 and the date the financial statements were issued, and concluded that events or transactions occurring during that period requiring recognition or disclosure have been made.

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

The following discussion and analysis of our financial condition and plan of operations should be read in conjunction with our unaudited interim financial statements and related notes appearing elsewhere in this Quarterly Report.  Various statements have been made in this Quarterly Report on Form 10-Q that may constitute “forward-looking statements”.  Forward-looking statements may also be made in our other reports filed with or furnished to the United States Securities and Exchange Commission (the “SEC”) and in other documents.  In addition, our management may make oral forward-looking statements.

Forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from such statements.  The words “believe,” “expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely” and similar expressions are intended to identify forward-looking statements.  These statements are not guarantees of future performance, and therefore, you should not put undue reliance upon them.  Some of the statements that are forward-looking include: our ability to successfully implement our business plan; our estimates of revenues and of other expenses associated with our operations; and our ability to generate sufficient cash flows and maintain adequate sources of liquidity to finance our ongoing operations and capital expenditures.  We undertake no obligation to update or revise any forward-looking statements.

History and Overview

India Ecommerce Corporation (the “Company”) was incorporated under the laws of the state of Nevada on January 19, 2011.

Plan of Operations

We plan to build, promote and manage a multitude of ecommerce properties, in both website and mobile application formats, for the Indian market.

Our Timeline

Over the next 12 to 24 months, we will continue to develop and market ecommerce properties. We hope to commence launching our ecommerce properties to the general public in the first or second quarter of 2013. We shall continue completing the product designs of subsequent properties for commercial launch in the third and fourth quarters of 2013.

Our planned launches will target the growing consumer and B2B ecommerce opportunities in India. To continuously launch ecommerce properties, we will need to raise investment capital.

The investment capital needed would be lessened to the extent we generate revenues. However, we feel that projections of revenues would be too speculative to make at this time due to our lack of operating history.

For these reasons, our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern.

Personnel Plan

We want to maintain a small staff on our payroll so that we can be nimble. To accomplish this goal, we will employ contract employees for our initial projects and hire the best performing of these employees going forward. This allows us to avoid mistakes in filling up our human resource roster with underperforming employees.

We will recruit a top level advertising salesperson to our team upon receiving funding. We have begun recruitment of this person and view this as very important to our overall strategy. 

Recruiting top level personnel will be aided by share based compensation tied to overall performance. 

Executive cash compensation will be minimal due to their equity stakes with our Company. Key executive operations, such as Finance and Human Resources will be outsourced until a full time presence is necessary. 

We may require additional financing thereafter to sustain our business operations if we are not successful in earning significant revenues once our business plan is enacted.

We currently do not have any arrangements for financing and we may not be able to obtain financing when required. Obtaining additional financing would be subject to a number of factors, including our ability to initially attract investments prior to revenue generation, and thereafter our ability to grow our brand and penetrate our market.

13

We expect to be able to remain in business and develop our first commercial website in the first or second quarter of 2013.  We feel confident that we will be able to additional investment capital, although there can be no assurance that any additional amounts can be raised.

Results of Operations

The following discussion of the financial condition and results of operations should be read in conjunction with the unaudited financial statements included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future.

Three months ended September 30, 2012 and 2011

We did not generate any revenue during the three months ended September 30, 2012.  Our total expenses during this period were $21,082 for general and administrative purposes and $431 in depreciation, resulting in a net loss of $21,513.  The largest components of general and administrative expense during the three months ended September 30, 2012 were filing fees $2,167, accounting fees $5,850, consulting fees $10,000 and legal fees $1,500.

Similarly, we did not generate any revenue during the three months ended September 30, 2011. Our total expenses for this period were $44,017 in general and administrative expense and $344 in depreciation expense, resulting in a net loss of $44,361.  

Nine months ended September 30, 2012 and the period from January 19, 2011 (inception) to September 30, 2011

We did not generate any revenue during the nine months ended September 30, 2012. Our total expenses during this period were $39,335 for general and administrative purposes and $1,279 in depreciation, resulting in a net loss of $40,614.  The largest components of general and administrative expense were filing fees $8,407, accounting fees $13,865, consulting fee $10,000 and legal fees $5,250.

Similarly, we did not generate any revenue during the period from January 19, 2011 (inception) to September 30, 2011. Our total expenses for this period were $105,258 in general and administrative expense and $1,032 in depreciation expense, resulting in a net loss of $106,290.  

For the period from January 19, 2011 (inception) to September 30, 2012

We did not generate any revenue during the period from January 19, 2011 (inception) to September 30, 2012. During this development stage, we primarily focused on corporate organization, the initial public offering and the research and development of our websites.

Our total expenses for the period from January 19, 2011 (inception) to September 30, 2012 were $147,932 in general and administrative expense and $2,655 in depreciation expense.  As a result, our accumulative net loss since inception is $150,587.

Operating Activities

During the nine months ended September 30, 2012, we used cash in the amount of $32,345 for operating activities. Cash used in operating activities included a $40,614 net loss, $1,279 depreciation expense, $10,000 stock-based compensation and $3,010 decrease in accounts payable and accrued liabilities.

During the period from January 19, 2011 (inception) to September 30, 2011, we used cash in the amount of $87,671 for operating activities. Cash used in operating activities included a $106,290 net loss, $1,032 depreciation expense, $16,753 stock-based compensation, $236 increase in prepaid expenses, $1,090 increase in deposits and $2,160 increase in accounts payable and accrued liabilities.

During the period from January 19, 2011 (inception) to September 30, 2012, we used cash in the amount of $120,769 for operating activities. Cash used in operating activities included a $150,587 net loss, $2,655 depreciation expense, $26,753 stock-based compensation, $1,090 increase in deposits and $1,500 increase in accounts payable and accrued liabilities.

Investing Activities

Investing activities for the nine months ended September 30, 2012 included the purchase of fixed assets in the amount of $1,435, for total cash used in investing activities of $1,435.

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Investing activities for the period from January 19, 2011 (inception) to September 30, 2011 were non-cash in nature.   We issued shares of its common stock to acquire property and equipment and for website development having a fair market value of $7,179 and $3,104, respectfully.

Financing Activities

During the nine months ended September 30, 2012, we received proceeds from notes payable in the amount of $4,500 and proceeds from the issuance of common stock in the amount of $20,750 for total cash provided by financing activities of $25,250.

Total cash provided by financing activities from January 19, 2011 (inception) to September 30, 2011 included gross proceeds from issuance of common stock in the amount of $90,100.

During the period from January 19, 2011 (inception) to September 30, 2012, we received proceeds from notes payable in the amount of $4,500 and proceeds from the issuance of common stock in the amount of $117,850 for total cash provided by financing activities of $122,350.

We expect significant expenditures during the next 12 months, contingent upon raising capital.  These anticipated expenditures are for product development, marketing, equipment and overhead.

Going Concern

We incurred a net loss of $40,614 during the nine months ended September 30, 2012 and have an accumulated net loss of $150,587 since inception.  We are in the development stage of operations, have not generated any revenues since inception and anticipate that it will continue to generate losses in the near future.  These conditions raise substantial doubt about our ability to continue as a going concern.

These financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should we be unable to continue as a going concern. Our continuation as a going concern is dependent upon its ability to obtain additional financing or sale of its common stock and ultimately to attain profitability.

Management’s plan, in this regard, is to raise additional financing through a combination of equity and debt financing. Management believes this amount will be sufficient to finance the continuing development for the next twelve months. However, there is no assurance that we will be successful in raising such financing.

Summary of Significant Accounting Policies

Our financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenues and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.  

Our significant accounting policies are summarized in Note 2 of our unaudited interim financial statements. While all these significant accounting policies impact our financial condition and results of operations, we view certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on our financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our results of operations, financial position or liquidity for the periods presented in this report.

We believe the following critical accounting policies and procedures, among others, affect our more significant judgments and estimates used in the preparation of our unaudited interim financial statements:

15

Development Stage Company

Our financial statements are presented as those of a development stage enterprise. Activities during the development stage primarily include implementation of the business plan, and obtaining additional debt and/or equity related financing.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

Transfers of Nonmonetary Assets by Stockholders

We record transfers of nonmonetary assets by stockholders in exchange for common stock at the stockholders’ historical cost basis determined in conformity with generally accepted accounting principles in the United States of America.

Share-based Compensation

We recognize share-based compensation, including stock option grants, warrants, restricted stock grants and stock appreciation rights, at their fair value on the grant date. Share based payment awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable.  Compensation expense is generally recognized on a straight-line basis over the vesting period.

Earnings (Loss) per Share

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during each period.  Diluted earnings (loss) per share is computed by dividing net income (loss), adjusted for changes in income or loss that resulted from the assumed conversion of convertible shares, by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period.

Recently Issued Accounting Pronouncements

There are no recent accounting pronouncements that are expected to have a material effect on our interim unaudited financial statements.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as “special purpose entities” (SPEs).

Item 3     Quantitative and Qualitative Disclosures about Market Risk

Not required for a smaller reporting company.

Item 4     Controls and Procedures

Disclosure Controls and Procedures

Our management has evaluated, under the supervision and with the participation of our Chief Executive and Interim Chief Financial Officer, the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15(b) and 15d-15 (b) under the Securities Exchange Act of 1934 (the “Exchange Act”).  Based on that evaluation, our Chief Executive and Interim Chief Financial Officer has concluded that, as of the end of the period covered by this report, our disclosure controls and procedures are effective in ensuring that information required to be disclosed in our Exchange Act reports is (1) recorded, processed, summarized and reported in a timely manner, and (2) accumulated and communicated to our management, including our President and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

16

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

17

PART II

Item 1 Legal Proceedings

None.

Item 1A Risk Factors

Not required for a smaller reporting company.

Item 2 Unregistered Sales of Equity Securities and Use of Proceeds

From January to September of 2012, we issued 527,500 shares of its common stock to various accredited investors pursuant to a private placement at a range of $0.02 to $0.10 per share. The gross proceeds from the issuance were $20,750.

In August 2012, we issued 100,000 shares of its common stock to a consultant for services rendered at $0.10 per share.  The value of those shares totaled $10,000.

We are using the proceeds from the sale of our common stock for general working capital purposes.

Item 3 Defaults upon Senior Securities

None. 

Item 4 Mine Safety Disclosures

N/A.

Item 5 Other Information

None.

Item 6   Exhibits

Number	Exhibit
31.1	Certification of Principal Executive and Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Principal Executive and Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*	XBRL Instance Document
101.SCH*	XBRL Taxonomy Extension Schema Document
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB*	XBRL Taxonomy Extension Label Linkbase Document
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document

*  Pursuant to applicable securities laws and regulations, we are deemed to have complied with the reporting obligation relating to the submission of interactive data files in such exhibits and are not subject to liability under any anti-fraud provisions of the federal securities laws as long as we have made a good faith attempt to comply with the submission requirements and promptly amend the interactive data files after becoming aware that the interactive data files fail to comply with the submission requirements. Users of this data are advised that, pursuant to Rule 406T, these interactive data files are deemed not filed and otherwise are not subject to liability.

18

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	India Ecommerce Corporation
Date: November 13, 2012	/s/ Ashish Badjatia
	Ashish Badjatia President, Chief Executive Officer (Principal Executive Officer) and Interim Chief Financial Officer (Interim Principal Accounting and Financial Officer)

19

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Ashish Badjatia, certify that:

1. I have reviewed this quarterly report on Form 10-Q of India Ecommerce Corporation;

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. As the registrant’s sole certifying officer, I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me 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 my 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 my 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. As the registrant’s sole certifying officer, I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of 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:  November 13, 2012	/s/ Ashish Badjatia
	Ashish Badjatia President, Chief Executive Officer (Principal Executive Officer) and Interim Chief Financial Officer (Interim Principal Financial Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of India Ecommerce Corporation (the “Company”) on Form 10-Q for the quarter ended September 30, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Ashish Badjatia, President, Chief Executive Officer (Principal Executive Officer) and Interim Chief Financial Officer (Interim Principal Financial Officer) of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 13, 2012	/s/ Ashish Badjatia
	Ashish Badjatia President, Chief Executive Officer (Principal Executive Officer) and Interim Chief Financial Officer (Interim Principal Financial Officer)

XML

NOTE PAYABLE (Details) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Note Payable:
Total note payable	$ 4,500
Less current maturities	(4,500)
Net long-term note payable
0% Unsecured Note Payable, Due On Demand [Member]
Note Payable:
Total note payable	$ 4,500
Note payable, interest rate	0.00%

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting - The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information.

The unaudited interim financial statements should be read in conjunction with the Company's Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Plan of Operations for the year ended December 31, 2011.

Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The interim results for the nine months ended September 30, 2012 are not necessarily indicative of results for the full fiscal year.

Year-End - The Company has selected December 31 as its year end.

Development Stage Company - The Company's financial statements are presented as those of a development stage enterprise. Activities during the development stage primarily include implementation of the business plan, and obtaining additional debt and/or equity related financing.

Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Transfers of Nonmonetary Assets by Stockholders - The Company records transfers of nonmonetary assets to the Company by stockholders in exchange for common stock at the stockholders' historical cost basis determined in conformity with generally accepted accounting principles in the United States of America.

Cash - Cash and cash equivalents consist primarily of cash on deposit, certificates of deposit, money market accounts, and investment grade commercial paper that are readily convertible into cash and purchased with original maturities of three months or less.

The Company maintains cash balances at an institution that is insured by the Federal Deposit Insurance Corporation. As of September 30, 2012 no amounts were in excess of the federally insured program.

Deposits - Deposits include a security deposit for office space located in Indore, Madhya Pradesh, India.

Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Expenditures for property acquisitions, development, construction, improvements and major renewals are capitalized. The cost of repairs and maintenance is expensed as incurred. Depreciation is provided on the straight-line method over the estimated useful lives of the assets. Upon sale or other disposition of a depreciable asset, the cost and accumulated depreciation are removed from property and equipment and any gain or loss is reflected as a gain or loss from operations.

The estimated useful lives are:

Furniture and fixtures	7 years
Computers and office equipment	3-5 years

Website Development - The Company capitalizes the costs associated with the development of its website. Other costs related to the maintenance of the website are expensed as incurred. Amortization will be provided over the estimated useful life of 3 years using the straight-line method for financial statement purposes. The Company will commence amortization once the website is completed and is fully operational.

Impairment of Long-lived Assets - The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful lives of property and equipment or whether the remaining balance of property and equipment should be evaluated for possible impairment.

Revenue Recognition Policy - The Company will recognize revenue once all of the following criteria for revenue recognition have been met: pervasive evidence that an agreement exists; the services have been rendered; the fee is fixed and determinable and not subject to refund or adjustment; and collection of the amount due is reasonably assured. The Company did not recognize any revenues from January 19, 2011 (inception) through September 30, 2012.

Fair Value of Financial Instruments - The Company discloses, when reasonably attainable, the fair market values of its assets and liabilities which are deemed to be financial instruments. As of September 30, 2012 the carrying amounts and estimated fair values of the Company's financial instruments approximate their fair value due to the short-term nature of such financial instruments.

Share-based Compensation - The Company recognizes share-based compensation, including stock option grants, warrants and restricted stock grants at their fair value on the grant date. Share based payment awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. Compensation expense is generally recognized on a straight-line basis over the vesting period.

Dividends - The payment of dividends by the Company in the future will be at the discretion of the Board of Directors and will depend on earnings, capital requirements and financial condition, as well as other relevant factors. The Company does not intend to pay any cash dividends in the foreseeable future but intend to retain all earnings, if any, for use in the business.

Earnings (Loss) per Share - Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss), adjusted for changes in income or loss that resulted from the assumed conversion of convertible shares, by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period.

The computation of basic and diluted loss per share for the periods presented is equivalent since the Company had continuing losses. The Company had no common stock equivalents as of September 30, 2012.

Risks and Uncertainties - The Company's operations and future are dependent in a large part on its ability to develop its business model in a competitive market. The Company intends to operate in an industry that is subject to intense competition and change in consumer demand. The Company's operations are subject to significant risk and uncertainties including financial and operational risks and the potential risk of business failure. The Company's inability to meet its business plan and target customer demand may have a material adverse effect on its financial condition, results of operations and cash flows.

Income Taxes - Income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are established for temporary differences between the financial reporting basis and the tax basis of the Company's assets and liabilities at tax rates expected to be in effect when such assets or liabilities are realized or settled. Deferred income tax assets are reduced by valuation allowances when necessary.

Assessing whether deferred tax assets are realizable requires significant judgment. The Company considers all available positive and negative evidence, including historical operating performance and expectations of future operating performance. The ultimate realization of deferred tax assets is often dependent upon future taxable income and therefore can be uncertain. To the extent the Company believes it is more likely than not that all or some portion of the asset will not be realized, valuation allowances are established against the Company's deferred tax assets, which increase income tax expense in the period when such a determination is made.

Income taxes include the largest amount of tax benefit for an uncertain tax position that is more likely than not to be sustained upon audit based on the technical merits of the tax position. Settlements with tax authorities, the expiration of statutes of limitations for particular tax positions, or obtaining new information on particular tax positions may cause a change to the effective tax rate. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes on the statements of operations.

Recent Accounting Pronouncements - There are no recent accounting pronouncements that are expected to have a material effect on the Company's interim unaudited financial statements.

XML

DESCRIPTION OF BUSINESS

9 Months Ended

Sep. 30, 2012

DESCRIPTION OF BUSINESS [Abstract]

DESCRIPTION OF BUSINESS

1. DESCRIPTION OF BUSINESS

India Ecommerce Corporation (the "Company") was incorporated under the laws of the state of Nevada on January 19, 2011.

The Company plans to build, promote and manage a multitude of ecommerce properties, in both website and mobile application formats, for the Indian market.

XML

Balance Sheet (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current assets
Cash	$ 146	$ 8,676
Total current assets	146	8,676
Deposits	1,090	1,090
Property and equipment, net	5,959	5,803
Website development, net	3,104	3,104
Total noncurrent assets	10,153	9,997
Total assets	10,299	18,673
Current liabilities
Accounts payable and accrued liabilities	1,500	4,510
Note payable	4,500
Total current liabilities	6,000	4,510
Commitments and contingencies
Stockholders' equity
Common stock $0.001 par value; 75,000,000 shares authorized, 25,477,500 and 24,750,000 shares issued and outstanding	25,478	24,750
Common stock payable		100
Additional paid-in capital	129,408	99,286
Accumulated deficit during the development stage	(150,587)	(109,973)
Total stockholders' equity	4,299	14,163
Total liabilities and stockholders' equity	$ 10,299	$ 18,673

XML

Statements of Stockholders' Equity (Parentheticals) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Equity issuance, stock issued for services, price per share	$ 0.1	$ 0.001
Equity issuance, stock issued for reimbursement of expenditures paid by stockholders, price per share		$ 0.001539
Equity issuance, stock issued for cash pursuant to a private placement, price per share		$ 0.02
Minimum [Member]
Equity issuance, stock issued for cash pursuant to a private placement, price per share	$ 0.02
Maximum [Member]
Equity issuance, stock issued for cash pursuant to a private placement, price per share	$ 0.1

XML

GOING CONCERN (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended	20 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2011	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2012
GOING CONCERN [Abstract]
Net loss	$ 21,513	$ 44,361	$ 106,290	$ 40,614	$ 109,973	$ 150,587

XML

WEBSITE DEVELOPMENT COSTS (Details) (USD $)	Sep. 30, 2012	Dec. 31, 2011
WEBSITE DEVELOPMENT COSTS [Abstract]
Website development costs	$ 3,104	$ 3,104
Accumulated amortization
Website development, net	$ 3,104	$ 3,104

XML

Statements of Cash Flows (USD $)	9 Months Ended		20 Months Ended
	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2012
Cash flows from operating activities:
Net loss	$ (106,290)	$ (40,614)	$ (150,587)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation	1,032	1,279	2,655
Stock-based compensation	16,753	10,000	26,753
Changes in operating assets and liabilities:
Prepaid expenses	(236)
Deposits	(1,090)		(1,090)
Accounts payable and accrued liabilities	2,160	(3,010)	1,500
Net cash used by operating activities	(87,671)	(32,345)	(120,769)
Cash flows from investing activities:
Property and equipment acquisitions		(1,435)	(1,435)
Net cash used by investing activities		(1,435)	(1,435)
Cash flows from financing activities:
Proceeds from note payable		4,500	4,500
Proceeds from issuance of common stock	90,100	20,750	117,850
Net cash provided by financing activities	90,100	25,250	122,350
Net change in cash	2,429	(8,530)	146
Cash, beginning of period		8,676
Cash, end of period	2,429	146	146
Supplemental disclosure of cash flow information:
Interest paid
Taxes paid
Supplemental disclosure of noncash investing and financing activities:
Issuance of common stock to acquire property and equipment	7,179		7,179
Issuance of common stock for website development	$ 3,104		$ 3,104

XML

Balance Sheet (Parentheticals) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Balance Sheet [Abstract]
Common stock, par value per share	$ 0.001	$ 0.001
Common Stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	25,477,500	24,750,000
Common Stock, shares outstanding	25,477,500	24,750,000

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Useful Lives

Furniture and fixtures	7 years
Computers and office equipment	3-5 years

XML

Document and Entity Information	9 Months Ended
	Sep. 30, 2012	Nov. 12, 2012
Document And Entity Information Abstract
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2012
Entity Registrant Name	INDIA ECOMMERCE CORP
Entity Central Index Key	0001510891
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2012
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		25,477,500

XML

PROPERTY AND EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 2012

PROPERTY AND EQUIPMENT [Abstract]

Schedule of Property and Equipment

	2012			2011
Computer and office equipment	$	8,614		$	7,179
Accumulated depreciation		(2,655	)		(1,376	)
Property and equipment, net	$	5,959		$	5,803

XML

Statements of Operations (USD $)	3 Months Ended		9 Months Ended		20 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2012
Expenses
General and administrative	$ 21,082	$ 44,017	$ 105,258	$ 39,335	$ 147,932
Depreciation	431	344	1,032	1,279	2,655
Total expenses	21,513	44,361	106,290	40,614	150,587
Net loss	$ (21,513)	$ (44,361)	$ (106,290)	$ (40,614)	$ (150,587)
Net loss per common share - basic and diluted	$ 0.0	$ 0.0	$ (0.01)	$ 0.0	$ (0.01)
Weighted average common shares outstanding - basic and diluted	25,411,413	24,500,000	17,748,031	25,257,619	22,074,738

XML

WEBSITE DEVELOPMENT COSTS

9 Months Ended

Sep. 30, 2012

WEBSITE DEVELOPMENT COSTS [Abstract]

WEBSITE DEVELOPMENT COSTS

5. WEBSITE DEVELOPMENT COSTS

As of September 30, 2012 and December 31, 2011, the Company's website development costs are as follows:

	2012		2011
Website development costs	$	3,104	$	3,104
Accumulated amortization		-		-
Website development, net	$	3,104	$	3,104

As of September 30, 2012, the website was under construction and the Company had not commenced amortization.

XML

PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2012

PROPERTY AND EQUIPMENT [Abstract]

PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of September 30, 2012 and December 31, 2011:

	2012			2011
Computer and office equipment	$	8,614		$	7,179
Accumulated depreciation		(2,655	)		(1,376	)
Property and equipment, net	$	5,959		$	5,803

XML

PROPERTY AND EQUIPMENT (Details) (USD $)	Sep. 30, 2012	Dec. 31, 2011
PROPERTY AND EQUIPMENT [Abstract]
Computer and office equipment	$ 8,614	$ 7,179
Accumulated depreciation	(2,655)	(1,376)
Property and equipment, net	$ 5,959	$ 5,803

XML

WEBSITE DEVELOPMENT COSTS (Tables)

9 Months Ended

Sep. 30, 2012

WEBSITE DEVELOPMENT COSTS [Abstract]

Schedule Of Website Development Costs

	2012		2011
Website development costs	$	3,104	$	3,104
Accumulated amortization		-		-
Website development, net	$	3,104	$	3,104

XML

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2012

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

8. SUBSEQUENT EVENTS

The Company has evaluated subsequent events between the balance sheet date of September 30, 2012 and the date the financial statements were issued, and concluded that events or transactions occurring during that period requiring recognition or disclosure have been made.

XML

NOTE PAYABLE

9 Months Ended

Sep. 30, 2012

NOTE PAYABLE [Abstract]

NOTE PAYABLE

6. NOTE PAYABLE

As of September 30, 2012 and 2011, the Company had the following note payable:

	September 30, 2012			September 30, 2011
Note payable - 0% interest, unsecured and due on demand	$	4,500		$	-
Total note payable		4,500			-
Less current maturities		(4,500	)		-
Net long-term note payable	$	-		$	-

XML

STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2012

STOCKHOLDERS' EQUITY [Abstract]

STOCKHOLDERS' EQUITY

7. STOCKHOLDERS' EQUITY

In March 2011, the Company issued 6,750,000 shares of its common stock to various consultants for services rendered at $0.001 per share. The value of those shares totaled $6,750.

In March 2011, the Company issued 13,250,000 shares of its common stock to stockholders for reimbursement of expenditures paid prior to incorporation at $0.001539 per share. The value of those shares totaled $20,386.

Between March and December of 2011, the Company issued 4,850,000 shares of its common stock to various accredited investors pursuant to a private placement at $0.02 per share. The gross proceeds from the issuance were $97,000. As of December 31, 2011 100,000 of those shares had not been issued and were reflected as common stock payable. The shares were issued in February 2012.

From January to September of 2012, the Company issued 527,500 shares of its common stock to various accredited investors pursuant to a private placement at a range of $0.02 to $0.10 per share. The gross proceeds from the issuance were $20,750.

In August 2012, the Company issued 100,000 shares of its common stock to a consultant for services rendered at $0.10 per share. The value of those shares totaled $10,000.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Sep. 30, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Basis of Accounting

Basis of Accounting - The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information.

The unaudited interim financial statements should be read in conjunction with the Company's Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Plan of Operations for the year ended December 31, 2011.

Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The interim results for the nine months ended September 30, 2012 are not necessarily indicative of results for the full fiscal year.

Year-End

Year-End - The Company has selected December 31 as its year end.

Development Stage Company

Development Stage Company - The Company's financial statements are presented as those of a development stage enterprise. Activities during the development stage primarily include implementation of the business plan, and obtaining additional debt and/or equity related financing.

Use of Estimates

Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Transfers of Nonmonetary Assets by Stockholders

Transfers of Nonmonetary Assets by Stockholders - The Company records transfers of nonmonetary assets to the Company by stockholders in exchange for common stock at the stockholders' historical cost basis determined in conformity with generally accepted accounting principles in the United States of America.

Cash

Cash - Cash and cash equivalents consist primarily of cash on deposit, certificates of deposit, money market accounts, and investment grade commercial paper that are readily convertible into cash and purchased with original maturities of three months or less.

The Company maintains cash balances at an institution that is insured by the Federal Deposit Insurance Corporation. As of September 30, 2012 no amounts were in excess of the federally insured program.

Deposits

Deposits - Deposits include a security deposit for office space located in Indore, Madhya Pradesh, India.

Property and Equipment

Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Expenditures for property acquisitions, development, construction, improvements and major renewals are capitalized. The cost of repairs and maintenance is expensed as incurred. Depreciation is provided on the straight-line method over the estimated useful lives of the assets. Upon sale or other disposition of a depreciable asset, the cost and accumulated depreciation are removed from property and equipment and any gain or loss is reflected as a gain or loss from operations.

The estimated useful lives are:

Furniture and fixtures	7 years
Computers and office equipment	3-5 years

Website Development

Website Development - The Company capitalizes the costs associated with the development of its website. Other costs related to the maintenance of the website are expensed as incurred. Amortization will be provided over the estimated useful life of 3 years using the straight-line method for financial statement purposes. The Company will commence amortization once the website is completed and is fully operational.

Impairment of Long-Lived Assets

Impairment of Long-lived Assets - The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful lives of property and equipment or whether the remaining balance of property and equipment should be evaluated for possible impairment.

Revenue Recognition Policy

Revenue Recognition Policy - The Company will recognize revenue once all of the following criteria for revenue recognition have been met: pervasive evidence that an agreement exists; the services have been rendered; the fee is fixed and determinable and not subject to refund or adjustment; and collection of the amount due is reasonably assured. The Company did not recognize any revenues from January 19, 2011 (inception) through September 30, 2012.

Fair Value of Financial Instruments

Fair Value of Financial Instruments - The Company discloses, when reasonably attainable, the fair market values of its assets and liabilities which are deemed to be financial instruments. As of September 30, 2012 the carrying amounts and estimated fair values of the Company's financial instruments approximate their fair value due to the short-term nature of such financial instruments.

Share-Based Compensation

Share-based Compensation - The Company recognizes share-based compensation, including stock option grants, warrants and restricted stock grants at their fair value on the grant date. Share based payment awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. Compensation expense is generally recognized on a straight-line basis over the vesting period.

Dividends

Dividends - The payment of dividends by the Company in the future will be at the discretion of the Board of Directors and will depend on earnings, capital requirements and financial condition, as well as other relevant factors. The Company does not intend to pay any cash dividends in the foreseeable future but intend to retain all earnings, if any, for use in the business.

	2012			2011
Computer and office equipment	$	8,614		$	7,179
Accumulated depreciation		(2,655	)		(1,376	)
Property and equipment, net	$	5,959		$	5,803

Earnings (Loss) per Share

Earnings (Loss) per Share - Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss), adjusted for changes in income or loss that resulted from the assumed conversion of convertible shares, by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period.

The computation of basic and diluted loss per share for the periods presented is equivalent since the Company had continuing losses. The Company had no common stock equivalents as of September 30, 2012.

Risks and Uncertainties

Risks and Uncertainties - The Company's operations and future are dependent in a large part on its ability to develop its business model in a competitive market. The Company intends to operate in an industry that is subject to intense competition and change in consumer demand. The Company's operations are subject to significant risk and uncertainties including financial and operational risks and the potential risk of business failure. The Company's inability to meet its business plan and target customer demand may have a material adverse effect on its financial condition, results of operations and cash flows.

Income Taxes

Income Taxes - Income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are established for temporary differences between the financial reporting basis and the tax basis of the Company's assets and liabilities at tax rates expected to be in effect when such assets or liabilities are realized or settled. Deferred income tax assets are reduced by valuation allowances when necessary.

Assessing whether deferred tax assets are realizable requires significant judgment. The Company considers all available positive and negative evidence, including historical operating performance and expectations of future operating performance. The ultimate realization of deferred tax assets is often dependent upon future taxable income and therefore can be uncertain. To the extent the Company believes it is more likely than not that all or some portion of the asset will not be realized, valuation allowances are established against the Company's deferred tax assets, which increase income tax expense in the period when such a determination is made.

Income taxes include the largest amount of tax benefit for an uncertain tax position that is more likely than not to be sustained upon audit based on the technical merits of the tax position. Settlements with tax authorities, the expiration of statutes of limitations for particular tax positions, or obtaining new information on particular tax positions may cause a change to the effective tax rate. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes on the statements of operations.

New Accounting Pronouncements

Recent Accounting Pronouncements - There are no recent accounting pronouncements that are expected to have a material effect on the Company's interim unaudited financial statements.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Sep. 30, 2012
Website development costs, estimated useful life	3
Furniture and Fixtures [Member]
Estimated useful life, minimum	3
Estimated useful life, maximum	5
Computers and Office Equipment [Member]
Estimated useful life	7

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STOCKHOLDERS' EQUITY (Details) (USD $)	12 Months Ended		1 Months Ended	9 Months Ended	10 Months Ended			1 Months Ended
	Dec. 31, 2011	Dec. 31, 2011 Common Stock [Member]	Mar. 31, 2011 Common Stock [Member] Issuance to Stockholders for Reimbursement [Member]	Sep. 30, 2012 Common Stock [Member] Private Placement [Member]	Dec. 31, 2011 Common Stock [Member] Private Placement [Member]	Sep. 30, 2012 Common Stock [Member] Private Placement [Member] Minimum [Member]	Sep. 30, 2012 Common Stock [Member] Private Placement [Member] Maximum [Member]	Aug. 31, 2012 Common Stock [Member] Issuance to Consultants for Services [Member]	Mar. 31, 2011 Common Stock [Member] Issuance to Consultants for Services [Member]
Shares issued		64,996	13,250,000	527,500	4,850,000			100,000	6,750,000
Value of shares issued	$ 100	$ 65	$ 20,386					$ 10,000	$ 6,750
Common stock, shares payable					100,000
Common stock issued, price per share			$ 0.001539		$ 0.02	$ 0.02	$ 0.1	$ 0.1	$ 0.001
Proceeds from issuance of private placement				$ 20,750	$ 97,000

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Statements of Stockholders' Equity (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Common Stock Payable [Member]	Accumulated Deficit [Member]
Balance at Jan. 18, 2011
Balance, shares at Jan. 18, 2011
Issuance of stock for services	6,750	6,750
Issuance of stock for services, shares		6,750,000
Issuance of stock for reimbursement of expenditures paid by stockholders prior to incorporation at $0.001539 per share categorized as follows:
Cash	100	65	35
Cash, shares		64,996
Prepaid expenses and deposits	2,390	1,553	837
Prepaid expenses and deposits, shares		1,553,394
Property and equipment	7,179	4,666	2,513
Property and equipment, shares		4,666,033
Website development	3,104	2,017	1,087
Website development, shares		2,017,463
General and administrative expenses	7,613	4,949	2,664
General and administrative expenses, shares		4,948,114
Issuance of common stock for cash pursuant to a private placement	97,000	4,750	92,150	100
Issuance of common stock for cash pursuant to a private placement, shares		4,750,000		100,000
Net loss	(109,973)				(109,973)
Balance at Dec. 31, 2011	14,163	24,750	99,286	100	(109,973)
Balance, shares at Dec. 31, 2011	24,750,000	24,750,000		100,000
Issuance of stock for services	10,000	100	9,900
Issuance of stock for services, shares		100,000
Issuance of stock for reimbursement of expenditures paid by stockholders prior to incorporation at $0.001539 per share categorized as follows:
Issuance of common stock payable		100		(100)
Issuance of common stock payable, shares		100,000		(100,000)
Issuance of common stock for cash pursuant to a private placement	20,750	528	20,222
Issuance of common stock for cash pursuant to a private placement, shares		527,500
Net loss	(40,614)				(40,614)
Balance at Sep. 30, 2012	$ 4,299	$ 25,478	$ 129,408		$ (150,587)
Balance, shares at Sep. 30, 2012	25,477,500	25,477,500

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GOING CONCERN

9 Months Ended

Sep. 30, 2012

GOING CONCERN [Abstract]

GOING CONCERN

3. GOING CONCERN

The Company incurred a net loss of $40,614 during the nine months ended September 30, 2012 and has an accumulated net loss of $150,587 since inception. The Company is in the development stage of operations, has not generated any revenues since inception and anticipates that it will continue to generate losses in the near future. These conditions raise substantial doubt about the Company's ability to continue as a going concern.

These financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company's continuation as a going concern is dependent upon its ability to obtain additional financing or sale of its common stock and ultimately to attain profitability.

Management's plan, in this regard, is to raise additional financing through a combination of equity and debt financing. Management believes this amount will be sufficient to finance the continuing development for the next twelve months. However, there is no assurance that the Company will be successful in raising such financing.

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NOTE PAYABLE (Tables)

9 Months Ended

Sep. 30, 2012

NOTE PAYABLE [Abstract]

Schedule of Note Payable

	September 30, 2012			September 30, 2011
Note payable - 0% interest, unsecured and due on demand	$	4,500		$	-
Total note payable		4,500			-
Less current maturities		(4,500	)		-
Net long-term note payable	$	-		$	-