0001161697-14-000580.txt : 20141125 0001161697-14-000580.hdr.sgml : 20141125 20141125140140 ACCESSION NUMBER: 0001161697-14-000580 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20140731 FILED AS OF DATE: 20141125 DATE AS OF CHANGE: 20141125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARISTOCRAT GROUP CORP. CENTRAL INDEX KEY: 0001527027 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 452801371 STATE OF INCORPORATION: FL FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-55073 FILM NUMBER: 141248946 BUSINESS ADDRESS: STREET 1: 495 GRAND BLVD., SUITE 206 CITY: MIRAMAR BEACH STATE: FL ZIP: 32550 BUSINESS PHONE: (850) 269-7208 MAIL ADDRESS: STREET 1: 495 GRAND BLVD., SUITE 206 CITY: MIRAMAR BEACH STATE: FL ZIP: 32550 10-K/A 1 form_10-k.htm FORM 10-K/A AMENDMENT NO. 1 TO ANNUAL REPORT 07-31-2014

UNITED STATES

SECURITY AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


FORM 10-K /A

Amendment No. 1


(MARK ONE)


þ  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934


For the fiscal year ended July 31, 2014


or


o  TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934


For the transition period from _________ to _________


Commission File Number: 333-176491


ARISTOCRAT GROUP CORP.


Florida

 

45-2801371

(State or other jurisdiction of Incorporation or organization)

 

(I.R.S. Employer Identification Number)

 

 

 

495 Grand Blvd., Suite 206
Miramar Beach, FL

 

32550

(Address of principal executive offices)

 

(Zip code)


Registrant’s telephone number, including area code: (850) 269-7208


Securities registered pursuant to Section 12(g) of the Act:


Title of Each Class

 

Name of Each Exchange on which Registered

Common stock, $0.0001 par value

 

OTC Markets QB


Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes o No þ


Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes o No þ


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 þ No o




Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, 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 þ No o


Indicate by check mark if disclosures of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

Yes þ No o


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


 

Large accelerated filer

o

Accelerated filer

o

 

Non-accelerated filer

o

Smaller reporting company

þ

 

(Do not check is smaller reporting company)

 

 


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes o No þ


The Aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter, January 31, 2014 was $1,295,475.


There were 78,041,774 shares of the Registrant’s common stock outstanding as of November 13, 2014.



EXPLANATORY NOTE


The purpose of this Amendment No. 1 to our Annual Report on Form 10-K for the year ended July 31, 2014 (“Form 10-K”) is to submit Exhibit 101 to the Form 10-K in accordance with Rule 405 of Regulation S-T.  Exhibit 101 consists of the Interactive Data Files relating to our Form 10-K for the year ended July 31, 2014, filed with the Securities and Exchange Commission on November 13, 2014.


- 2 -



PART IV


ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES


3.1

Articles of Incorporation (1)

3.2

Bylaws (1)

14.1

Code of Ethics (1)

21

Subsidiaries of the Registrant (2)

31.1

Rule 13a-14(a) Certification of Chief Executive Officer (2)

32.2

Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of Chief Executive Officer and Chief Financial Officer (2)

101

XBRL Interactive Data (3),(4)

______________

(1)

Incorporated by reference to our Form S-1 filed with the Securities and Exchange Commission on August 25, 2011.

(2)

Previously filed or furnished herewith.

(3)

In accordance with Regulation S-T, the Interactive Data Files in Exhibit 101 to the Annual Report on Form 10-K shall be deemed “furnished” and not “filed.”

(4)

Filed or furnished herewith.



SIGNATURES


Pursuant to the requirements of Section 13 or 15(d) 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.


 

Aristocrat Group Corp.

 

 

 

 

Date: November 25, 2014

BY: /s/ Robert Federowicz

 

Robert Federowicz

 

Chief Executive Officer, President, Secretary, Treasurer, Principal Executive Officer, Principal Financial and Accounting Officer and Sole Director.



Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


Date: November 25, 2014

BY: /s/ Robert Federowicz

 

Robert Federowicz

 

Chief Executive Officer, President, Secretary, Treasurer, Principal Executive Officer, Principal Financial and Accounting Officer and Sole Director


- 3 -


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border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td style=" margin-top: 0px; background-color: #e1ffff; vertical-align: bottom; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; 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background-color: #ffffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td valign="bottom" colspan="3" align="center" style=" margin-top: 0px; background-color: #ffffff; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> <p align="center" style=" margin: 0px; font-family : Times New Roman;"><strong><font style=" font-size: 10pt;">Amount of<br/> Note</font></strong></p> </td> </tr> <tr> <td width="50%" valign="bottom" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> <p style=" margin: 0px; font-family : Times New Roman;"><font style=" font-size: 10pt;">October 31, 2013</font></p> </td> <td valign="bottom" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td valign="bottom" width="50%" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> <p style=" margin: 0px; font-family : Times New Roman;"><font style=" font-size: 10pt;">October 31, 2015</font></p> </td> <td style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>10</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"><font style=" font-size: 10pt;">%</font></td> <td valign="bottom" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"><font style=" font-size: 10pt;">$</font></td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>0.02</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"><font style=" font-size: 10pt;">$</font></td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>516,920</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> </tr> <tr> <td width="50%" valign="bottom" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> <p style=" margin: 0px; font-family : Times New Roman;"><font style=" font-size: 10pt;">November 30, 2013</font></p> </td> <td valign="bottom" style=" margin-top: 0px; background-color: #ffffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td valign="bottom" width="50%" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> <p style=" margin: 0px; font-family : Times New Roman;"><font style=" font-size: 10pt;">November 30, 2015</font></p> </td> <td style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>10</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"><font style=" font-size: 10pt;">%</font></td> <td valign="bottom" style=" margin-top: 0px; background-color: #ffffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>0.01</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>83,265</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> </tr> <tr> <td width="50%" valign="bottom" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> <p style=" margin: 0px; font-family : Times New Roman;"><font style=" font-size: 10pt;">January 31, 2014</font></p> </td> <td valign="bottom" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td valign="bottom" width="50%" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> <p style=" margin: 0px; font-family : Times New Roman;"><font style=" font-size: 10pt;">January 31, 2016</font></p> </td> <td style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>10</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"><font style=" font-size: 10pt;">%</font></td> <td valign="bottom" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>0.01</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>117,719</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> </tr> <tr> <td width="50%" valign="bottom" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> <p style=" margin: 0px; font-family : Times New Roman;"><font style=" font-size: 10pt;">July 31, 2014</font></p> </td> <td valign="bottom" style=" margin-top: 0px; background-color: #ffffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td valign="bottom" width="50%" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> <p style=" margin: 0px; font-family : Times New Roman;"><font style=" font-size: 10pt;">July 31, 2016</font></p> </td> <td style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>10</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"><font style=" font-size: 10pt;">%</font></td> <td valign="bottom" style=" margin-top: 0px; background-color: #ffffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>0.01</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td style=" margin-top: 0px; background-color: #ffffff; vertical-align: bottom; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td align="right" style=" margin-top: 0px; background-color: #ffffff; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>401,075</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #ffffff; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> </tr> <tr> <td width="50%" valign="bottom" style=" margin-top: 0px; background-color: #e1ffff; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> <p style=" margin: 0px; font-family : Times New Roman;"><font style=" font-size: 10pt;">Total</font></p> </td> <td valign="bottom" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td valign="bottom" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td valign="bottom" align="right" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; font-family : Times New Roman; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td style=" margin-top: 0px; background-color: #e1ffff; vertical-align: bottom; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"><font style=" font-size: 10pt;">$</font></td> <td align="right" style=" margin-top: 0px; background-color: #e1ffff; border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font style=" font-size: 10pt;"><font>1,118,979</font></font></td> <td align="left" style=" margin-top: 0px; background-color: #e1ffff; border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-family : Times New Roman; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> </tr> </table> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style=" margin: 0px; text-align: justify; font-family : Times New Roman; font-size: 10pt;"><strong>Note 7. </strong><strong><strong>Common Stock</strong></strong></p> <p style=" margin: 0px; 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The value of the accrued interest portion of financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. 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Convertible Notes Payable (Conversions) (Details) (USD $)
12 Months Ended
Jul. 31, 2014
Debt Instrument [Line Items]  
Shares issued for conversion of notes payable, shares 15,791,774
Convertible Debt [Member] | March 2013 Note [Member]
 
Debt Instrument [Line Items]  
Shares issued for conversion of notes payable, shares 9,291,774
Conversion of convertible notes payable into common stock, accrued interest portion $ 18,864
Conversion of convertible notes payable into common stock, principal portion 167,075
Convertible Debt [Member] | October 2013 Note [Member]
 
Debt Instrument [Line Items]  
Shares issued for conversion of notes payable, shares 6,500,000
Conversion of convertible notes payable into common stock, accrued interest portion 37,391
Conversion of convertible notes payable into common stock, principal portion $ 92,505

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Significant Accounting Policies
12 Months Ended
Jul. 31, 2014
Significant Accounting Policies [Abstract]  
Significant Accounting Policies

Note 3. Significant Accounting Policies

 

The significant accounting policies that the Company follows are:

 

Basis of Presentation

 

The consolidated financial statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC. The financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

 

Principles of Consolidation

 

The consolidated financial statements include the accounts and operations of Aristocrat Group Corp., and its wholly owned subsidiaries Luxuria Brands, LLC; Level Two Holdings, LLC; and Top Shelf Distributing, LLC (collectively referred to as the “Company”). All material intercompany accounts and transactions are eliminated in consolidation.

 

Use of Estimates

 

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash and Cash Equivalents

 

All cash is maintained with a major financial institution in the United States. Deposits with this bank may exceed the amount of insurance provided on such deposits. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents. Cash and cash equivalents were $13,103 and $205,153 at July 31, 2014 and 2013, respectively.

 

Inventory

 

Inventory consists solely of finished goods, which are made up entirely of bottled vodka. Inventory is recorded at weighted average cost.

 

Revenue recognition

 

The Company recognizes revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured.

 

Advertising Costs

 

The Company's policy regarding advertising is to expense advertising costs as incurred. The Company incurred $154,964 and $40,000 of advertising costs for the years ended July 31, 2014 and 2013, respectively.

 

Income Taxes

 

The Company accounts for income taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of July 31, 2014 and 2013, respectively.

 

Earnings (Loss) Per Common Share

 

The basic earnings (loss) per common share are calculated by dividing the Company's net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per common share are calculated by dividing the Company's net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity instruments. In periods in which a net loss has been incurred, all potentially dilutive common shares are considered anti-dilutive and thus are excluded from the calculation. The Company's convertible debt is considered anti-dilutive due to the Company's net loss for the years ended July 31, 2014 and 2013. As a result, for the years ended July 31, 2014 and 2013, potentially issuable shares as a result of conversions of convertible notes payable have been excluded from the calculation. At July 31, 2014 and July 31, 2013, the Company had 82,605,483 and 8,632,950, respectively, potentially issuable shares upon the conversion of convertible notes payable and interest.

 

Financial Instruments

 

The Company's balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.

 

FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

 

     

 

Level 1 -

Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

 

 

 

 

Level 2 -

Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

 

 

 

 

Level 3 -

Inputs that are both significant to the fair value measurement and unobservable.

 

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of July 31, 2014. The respective carrying value of financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, prepaid expenses, accounts payable, and accrued expenses. The fair value of the Company's notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.

 

Significant concentrations

 

100% of the Company's sales during the year ended July 31, 2014 were to one customer.  100% of the Company's inventory was manufactured by one supplier during the year ended July 31, 2014.  The Company believes that, in the event that its customer is unable to continue to purchase the Company's product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company's product, there are a substantial number of alternative suppliers for its product at a competitive price.

 

Recently Issued Accounting Pronouncements

 

In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 for the year ended July 31, 2014.

 

There were various other accounting standards and interpretations issued recently, none of which are expected to a have a material impact on the Company's consolidated financial position, operations or cash flows.

 

Subsequent Events

 

The Company evaluated material events occurring between the end of our fiscal year, July 31, 2014, and through the date when the consolidated financial statements were available to be issued for disclosure consideration.

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Subsequent Events (Details) (Subsequent Event [Member], USD $)
12 Months Ended
Jul. 31, 2014
Subsequent Event [Member]
 
Subsequent Event [Line Items]  
Jaxon Investment Agreement, date Sep. 15, 2014
Jaxon Investment Agreement, maximum amount Jaxon committed to purchase of common stock $ 5,000,000
Jaxon Investment Agreement, term 36 months
Jaxon Investment Agreement, registration statement shares 10,000,000
Jaxon Investment Agreement, percent discount on purchase price per share 50.00%
Jaxon Investment Agreement, shares of common stock reserved for issuance 30,000,000
XML 16 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Commitments (Details) (USD $)
12 Months Ended
Jul. 31, 2014
Commitments [Abstract]  
Fees related to third party $ 169,061
Fees owed to third party recorded in accounts payable and accrued liabilities 271,518
Commitment to third party to provide additional funding to provide management services $ 80,000
XML 17 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Going Concern
12 Months Ended
Jul. 31, 2014
Going Concern [Abstract]  
Going Concern

Note 2. Going Concern

 

For the fiscal year ended July 31, 2014, the Company had a net loss of $1,372,360 and negative cash flow from operations of $794,109. As of July 31, 2014, the Company has negative working capital of $214,137.  

 

These factors raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

 

The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business.

 

Management has plans to address the Company's financial situation as follows:

 

In the near term, management plans to continue to focus on raising the funds necessary to implement the Company's business plan. Management will continue to seek debt financing to obtain the capital required to meet the Company's financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raises doubts about the Company's ability to continue as a going concern.

 

In the long term, management believes that the Company's projects and initiatives will be successful and will provide cash flow to the Company that will be used to finance the Company's future growth. However, there can be no assurances that the Company's planned activities will be successful, or that the Company will ultimately attain profitability. The Company's long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations.

XML 18 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Jul. 31, 2014
Jul. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 13,103 $ 205,153
Accounts receivable 7,770   
Prepaid expenses 57,168 88,609
Inventory 14,906   
Total current assets 92,947 293,762
Security deposits 1,367 1,367
TOTAL ASSETS 94,314 295,129
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 307,084 102,874
Advances payable    516,920
Total current liabilities 307,084 619,794
Convertible note payable, net of discount of $955,723 and $139,153, respectively 70,751 27,922
Accrued interest payable 12,196 5,584
TOTAL LIABILITIES 390,031 653,300
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' DEFICIT    
Common stock: $0.0001 par value; 250,000,000 shares authorized; 78,041,774 shares and 62,250,000 shares issued and outstanding at July 31, 2014 and July 31, 2013, respectively 7,804 6,225
Additional paid-in capital 1,637,585 204,350
Accumulated deficit (1,941,106) (568,746)
Total stockholders' deficit (295,717) (358,171)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 94,314 $ 295,129
XML 19 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
CASH FLOW FROM OPERATING ACTIVITIES:    
Net loss $ (1,372,360) $ (517,371)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of discount on convertible notes payable 302,409 27,922
Changes in operating assets and liabilities:    
Accounts receivable (7,770)   
Inventory (14,906)   
Prepaid expenses 31,441 (88,609)
Security deposits    (1,367)
Accounts payable and accrued liabilities 204,210 100,421
Accrued interest payable 62,867 5,584
NET CASH USED IN OPERATING ACTIVITIES (794,109) (473,420)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from advances 602,059 677,330
NET CASH PROVIDED BY FINANCING ACTIVITIES 602,059 677,330
NET INCREASE (DECREASE) IN CASH (192,050) 203,910
CASH, at the beginning of period 205,153 1,243
CASH, at the end of period 13,103 205,153
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for: Interest      
Cash paid during the period for: Taxes      
Noncash investing and financing transaction:    
Refinance advances payable into convertible notes payable 1,118,979 167,075
Beneficial conversion discount on convertible notes payable 1,118,979 167,075
Conversion of convertible notes payable into common stock $ 315,835   
XML 20 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Advances (Details) (USD $)
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Advances [Abstract]    
Proceeds from advances $ 602,059 $ 677,330
Advances payable    $ 516,920
XML 21 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Convertible Notes Payable (Schedule of Convertible Notes Issued) (Details) (USD $)
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Debt Instrument [Line Items]    
Amortization of discount on convertible notes payable to interest expense $ 302,409 $ 27,922
Convertible Debt [Member]
   
Debt Instrument [Line Items]    
Convertible notes payable, issuer
Vista View Ventures Inc.
 
Convertible note payable, original principal amount 1,118,979  
Interest rate, annual 10.00%  
Amortization of discount on convertible notes payable to interest expense 302,409  
Maximum ownership percentage allowed afer converting 4.99%  
Convertible Debt [Member] | Maximum [Member]
   
Debt Instrument [Line Items]    
Debt conversion, price per share $ 0.02  
Convertible Debt [Member] | Minimum [Member]
   
Debt Instrument [Line Items]    
Debt conversion, price per share $ 0.01  
Convertible Debt [Member] | October 2013 Note [Member]
   
Debt Instrument [Line Items]    
Convertible note payable, original principal amount 516,920  
Debt conversion, price per share $ 0.02  
Interest rate, annual 10.00%  
Issuance date Oct. 31, 2013  
Maturity date Oct. 31, 2015  
Discount for beneficial conversion feature 516,920  
Convertible Debt [Member] | November 2013 Note [Member]
   
Debt Instrument [Line Items]    
Convertible note payable, original principal amount 83,265  
Debt conversion, price per share $ 0.01  
Interest rate, annual 10.00%  
Issuance date Nov. 30, 2013  
Maturity date Nov. 30, 2015  
Discount for beneficial conversion feature 83,265  
Convertible Debt [Member] | January 2014 Note [Member]
   
Debt Instrument [Line Items]    
Convertible note payable, original principal amount 117,719  
Debt conversion, price per share $ 0.01  
Interest rate, annual 10.00%  
Issuance date Jan. 01, 2014  
Maturity date Jan. 01, 2016  
Discount for beneficial conversion feature 117,719  
Convertible Debt [Member] | July 2014 Note [Member]
   
Debt Instrument [Line Items]    
Convertible note payable, original principal amount 401,075  
Debt conversion, price per share $ 0.01  
Interest rate, annual 10.00%  
Issuance date Jul. 31, 2014  
Maturity date Jul. 31, 2016  
Discount for beneficial conversion feature $ 401,075  
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Background Information
12 Months Ended
Jul. 31, 2014
Background Information [Abstract]  
Background Information

Note 1. Background Information

 

Aristocrat Group Corp. was incorporated on July 20, 2011 in the state of Florida.

 

On October 17, 2012, we formed Luxuria Brands LLC as a wholly owned subsidiary. On January 10, 2013, we formed Level Two Holdings, LLC as our wholly owned subsidiary. On January 15, 2013, we formed Top Shelf Distributing, LLC (“Top Shelf”) as our wholly owned subsidiary.

 

Top Shelf is focused on developing our distilled spirits line of business.

 

During the year ended July 31, 2014, we acquired inventory and began to generate revenues from the sales of vodka.

XML 24 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
Jul. 31, 2014
Jul. 31, 2013
CONSOLIDATED BALANCE SHEETS [Abstract]    
Common stock, par value per share $ 0.0001 $ 0.0001
Common stock, shares authorized 250,000,000 250,000,000
Common stock, shares issued 78,041,774 62,250,000
Common stock, shares outstanding 78,041,774 62,250,000
Convertible notes payable, discount $ 955,723 $ 139,153
XML 25 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Significant Accounting Policies (Policies)
12 Months Ended
Jul. 31, 2014
Significant Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation

 

The consolidated financial statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC. The financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

Principles of Consolidation

Principles of Consolidation

 

The consolidated financial statements include the accounts and operations of Aristocrat Group Corp., and its wholly owned subsidiaries Luxuria Brands, LLC; Level Two Holdings, LLC; and Top Shelf Distributing, LLC (collectively referred to as the “Company”). All material intercompany accounts and transactions are eliminated in consolidation.

Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and Cash Equivalents

 

All cash is maintained with a major financial institution in the United States. Deposits with this bank may exceed the amount of insurance provided on such deposits. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents. Cash and cash equivalents were $13,103 and $205,153 at July 31, 2014 and 2013, respectively.

Inventory

Inventory

 

Inventory consists solely of finished goods, which are made up entirely of bottled vodka. Inventory is recorded at weighted average cost.

Revenue recognition

Revenue recognition

 

The Company recognizes revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured.

Advertising Costs

Advertising Costs

 

The Company's policy regarding advertising is to expense advertising costs as incurred. The Company incurred $154,964 and $40,000 of advertising costs for the years ended July 31, 2014 and 2013, respectively.

Income Taxes

Income Taxes

 

The Company accounts for income taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of July 31, 2014 and 2013, respectively.

Earnings (Loss) per Common Share

Earnings (Loss) Per Common Share

 

The basic earnings (loss) per common share are calculated by dividing the Company's net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per common share are calculated by dividing the Company's net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity instruments. In periods in which a net loss has been incurred, all potentially dilutive common shares are considered anti-dilutive and thus are excluded from the calculation. The Company's convertible debt is considered anti-dilutive due to the Company's net loss for the years ended July 31, 2014 and 2013. As a result, for the years ended July 31, 2014 and 2013, potentially issuable shares as a result of conversions of convertible notes payable have been excluded from the calculation. At July 31, 2014 and July 31, 2013, the Company had 82,605,483 and 8,632,950, respectively, potentially issuable shares upon the conversion of convertible notes payable and interest.

Financial Instruments

Financial Instruments

 

The Company's balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.

 

FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

 

     

 

Level 1 -

Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

 

 

 

 

Level 2 -

Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

 

 

 

 

Level 3 -

Inputs that are both significant to the fair value measurement and unobservable.

 

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of July 31, 2014. The respective carrying value of financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, prepaid expenses, accounts payable, and accrued expenses. The fair value of the Company's notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.

Significant concentrations

Significant concentrations

 

100% of the Company's sales during the year ended July 31, 2014 were to one customer.  100% of the Company's inventory was manufactured by one supplier during the year ended July 31, 2014.  The Company believes that, in the event that its customer is unable to continue to purchase the Company's product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company's product, there are a substantial number of alternative suppliers for its product at a competitive price.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

 

In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 for the year ended July 31, 2014.

 

There were various other accounting standards and interpretations issued recently, none of which are expected to a have a material impact on the Company's consolidated financial position, operations or cash flows.

Subsequent Events

Subsequent Events

 

The Company evaluated material events occurring between the end of our fiscal year, July 31, 2014, and through the date when the consolidated financial statements were available to be issued for disclosure consideration.

XML 26 R1.htm IDEA: XBRL DOCUMENT v2.4.0.8
Document and Entity Information (USD $)
12 Months Ended
Jul. 31, 2014
Nov. 13, 2014
Jan. 31, 2014
Document And Entity Information [Abstract]      
Document Type 10-K    
Amendment Flag false    
Document Period End Date Jul. 31, 2014    
Entity Registrant Name ARISTOCRAT GROUP CORP.    
Entity Central Index Key 0001527027    
Current Fiscal Year End Date --07-31    
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2014    
Entity Filer Category Smaller Reporting Company    
Entity Well-known Seasoned Issuer No    
Entity Current Reporting Status Yes    
Entity Voluntary Filers No    
Entity Common Stock, Shares Outstanding   78,041,774  
Entity Public Float     $ 1,295,475
XML 27 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Convertible Notes Payable (Tables)
12 Months Ended
Jul. 31, 2014
Convertible Notes Payable [Abstract]  
Schedule of Convertible Notes Payable

Convertible notes payable due to Vista View Ventures Inc. consisted of the following at July 31:

 

                   
 

July 31, 2014

 

July 31, 2013

Convertible note payable in the original principal amount of $167,075, issued March 31, 2013 and due March 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share

    $     $ 167,075  

Convertible note payable in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share

      424,415        

Convertible note payable in the original principal amount of $83,265, issued November 30, 2013 and due November  30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

      83,265        

Convertible note payable in the original principal amount of $117,719, issued January 1, 2014 and due January 1, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

      117,719        

Convertible note payable in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

      401,075        

Total convertible notes payable

      1,026,474       167,075  
                   

Less: discount on noncurrent convertible notes payable

      (955,723 )     (139,153 )

Long-term convertible notes payable, net of discount

    $ 70,751     $ 27,922  
Schedule of Convertible Notes Issued
                   

Date Issued

 

Maturity Date

 

Interest Rate

   

Conversion Rate
Per Share

 

Amount of
Note

October 31, 2013

 

October 31, 2015

    10 %     $ 0.02     $ 516,920  

November 30, 2013

 

November 30, 2015

    10 %       0.01       83,265  

January 31, 2014

 

January 31, 2016

    10 %       0.01       117,719  

July 31, 2014

 

July 31, 2016

    10 %       0.01       401,075  

Total

                        $ 1,118,979  
XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]    
REVENUE $ 26,539   
COST OF GOODS SOLD 25,334   
GROSS PROFIT 1,205   
GENERAL AND ADMINISTRATIVE EXPENSES 1,008,290 483,864
LOSS FROM OPERATIONS (1,007,085) (483,864)
INTEREST EXPENSE (365,275) (33,507)
NET LOSS $ (1,372,360) $ (517,371)
NET LOSS PER COMMON SHARE - Basic and diluted $ (0.02) $ (0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - Basic and diluted 64,724,511 62,250,000
XML 29 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Convertible Notes Payable
12 Months Ended
Jul. 31, 2014
Convertible Notes Payable [Abstract]  
Convertible Notes Payable

Note 6. Convertible Notes Payable

 

Convertible notes payable due to Vista View Ventures Inc. consisted of the following at July 31:

 

                   
 

July 31, 2014

 

July 31, 2013

Convertible note payable in the original principal amount of $167,075, issued March 31, 2013 and due March 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share

    $     $ 167,075  

Convertible note payable in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share

      424,415        

Convertible note payable in the original principal amount of $83,265, issued November 30, 2013 and due November  30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

      83,265        

Convertible note payable in the original principal amount of $117,719, issued January 1, 2014 and due January 1, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

      117,719        

Convertible note payable in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

      401,075        

Total convertible notes payable

      1,026,474       167,075  
                   

Less: discount on noncurrent convertible notes payable

      (955,723 )     (139,153 )

Long-term convertible notes payable, net of discount

    $ 70,751     $ 27,922  

 

All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder.

 

Convertible notes issued

 

During the year ended July 31, 2014, the Company signed convertible promissory notes of $1,118,979 in total with Vista View Ventures Inc., which refinanced non-interest bearing advances. These notes are payable at maturity and bear interest at 10% per annum. The holder of the notes may not convert the convertible promissory note into common stock if that conversion would result in the holder owing more than 4.99% of the number of shares of common stock outstanding on the conversion date. The convertible promissory notes are convertible into common stock at rates of between $0.02 and $0.01 per share at the option of the holder.

 

                   

Date Issued

 

Maturity Date

 

Interest Rate

   

Conversion Rate
Per Share

 

Amount of
Note

October 31, 2013

 

October 31, 2015

    10 %     $ 0.02     $ 516,920  

November 30, 2013

 

November 30, 2015

    10 %       0.01       83,265  

January 31, 2014

 

January 31, 2016

    10 %       0.01       117,719  

July 31, 2014

 

July 31, 2016

    10 %       0.01       401,075  

Total

                        $ 1,118,979  

 

The Company evaluated the terms of the new notes in accordance with ASC Topic No. 815 - 40, Derivatives and Hedging - Contracts in Entity's Own Stock and determined that the underlying common stock is indexed to the Company's common stock. The Company determined that the conversion features did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion feature for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the note and was deemed to be less than the market value of underlying common stock at the inception of the note. Therefore, the Company recognized discounts for beneficial conversion features on their respective issue dates in the amounts of $516,920, $83,265, $117,719 and $401,075. The discount is amortized over the life of the notes using the effective interest method. The Company amortized $302,409 of the discount on the convertible notes payable to interest expense during the year ended July 31, 2014.
 

Conversions

 

During year ended July 31, 2014, the holders of the convertible note payable dated March 31, 2013 converted $167,075 of principal and $18,864 of accrued interest into 9,291,774 shares of common stock. Also, during the year ended July 31, 2014, the holders of the convertible note payable dated October 31, 2013 converted $92,505 of principal and $37,391 of accrued interest into 6,500,000 shares of common stock. On the conversion dates, the unamortized discount related to the beneficial conversion feature was amortized to interest expense.

XML 30 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Advances
12 Months Ended
Jul. 31, 2014
Advances [Abstract]  
Advances

Note 5. Advances 


During the year ended July 31, 2014, the Company received net, non-interest bearing advances from Vista View Ventures Inc. totaling $602,059. The total amounts due under these advances as of July 31, 2014 and 2013 were $0 and $516,920, respectively. These advances are not collateralized and are due on demand. As a result, they are included in current liabilities.

XML 31 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Convertible Notes Payable (Schedule of Convertible Notes Payable) (Details) (USD $)
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Debt Instrument [Line Items]    
Less: discount on noncurrent convertible notes payable $ (955,723) $ (139,153)
Convertible Debt [Member]
   
Debt Instrument [Line Items]    
Debt Instrument, Issuer
Vista View Ventures Inc.
 
Convertible note payable, original principal amount 1,118,979  
Total convertible notes payable 1,026,474 167,075
Less: discount on noncurrent convertible notes payable (955,723) (139,153)
Long-term convertible notes payable, net of discount 70,751 27,922
Interest rate, annual 10.00%  
Convertible Debt [Member] | March 2013 Note [Member]
   
Debt Instrument [Line Items]    
Convertible note payable, original principal amount 167,075  
Total convertible notes payable    167,075
Debt conversion, price per share $ 0.02  
Interest rate, annual 10.00%  
Issuance date Mar. 31, 2013  
Maturity date Mar. 31, 2015  
Convertible Debt [Member] | October 2013 Note [Member]
   
Debt Instrument [Line Items]    
Convertible note payable, original principal amount 516,920  
Total convertible notes payable 424,415   
Debt conversion, price per share $ 0.02  
Interest rate, annual 10.00%  
Issuance date Oct. 31, 2013  
Maturity date Oct. 31, 2015  
Convertible Debt [Member] | November 2013 Note [Member]
   
Debt Instrument [Line Items]    
Convertible note payable, original principal amount 83,265  
Total convertible notes payable 83,265   
Debt conversion, price per share $ 0.01  
Interest rate, annual 10.00%  
Issuance date Nov. 30, 2013  
Maturity date Nov. 30, 2015  
Convertible Debt [Member] | January 2014 Note [Member]
   
Debt Instrument [Line Items]    
Convertible note payable, original principal amount 117,719  
Total convertible notes payable 117,719   
Debt conversion, price per share $ 0.01  
Interest rate, annual 10.00%  
Issuance date Jan. 01, 2014  
Maturity date Jan. 01, 2016  
Convertible Debt [Member] | July 2014 Note [Member]
   
Debt Instrument [Line Items]    
Convertible note payable, original principal amount 401,075  
Total convertible notes payable $ 401,075   
Debt conversion, price per share $ 0.01  
Interest rate, annual 10.00%  
Issuance date Jul. 31, 2014  
Maturity date Jul. 31, 2016  
XML 32 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Tables)
12 Months Ended
Jul. 31, 2014
INCOME TAXES [Abstract]  
Provision for Income Taxes

The provision for income taxes is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes. The items causing this difference for the periods ended July 31, 2014 and 2013 are as follows.

 

                 
   

July 31, 2014

   

July 31, 2013

 

Tax benefit at U.S. statutory rate

  $ 466,602     $ 175,906  

Permanent difference - beneficial conversion features

    (380,452 )     (56,805 )

Valuation allowance

    (86,150 )     (119,101 )
    $     $  
XML 33 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Commitments
12 Months Ended
Jul. 31, 2014
Commitments [Abstract]  
COMMITTMENTS

Note 9. Commitments

 

The Company has an arrangement with a third party whereby the third party provides the Company with office space, legal services, accounting services, fundraising and management services.  During the year ending July 31, 2014, the Company incurred $169,061 of fees related to the third party.  At July 31, 2014, the Company owes the third party $271,518, which is recorded in accounts payable and accrued liabilities.

 

As of July 31, 2014, the Company has a commitment with a third party to provide an additional $80,000 in funding to provide certain management services on behalf of the Company.

XML 34 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Common Stock
12 Months Ended
Jul. 31, 2014
Common Stock [Abstract]  
Common Stock

Note 7. Common Stock

 

During the year ended July 31, 2014, the Company issued 15,791,774 shares of common stock to third parties for the conversion of convertible notes payable and accrued interest in the amount of $315,835.

XML 35 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes
12 Months Ended
Jul. 31, 2014
INCOME TAXES [Abstract]  
INCOME TAXES

Note 8. Income Taxes

 

There is no current or deferred income tax expense or benefit for the period ended July 31, 2014.

 

The provision for income taxes is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes. The items causing this difference for the periods ended July 31, 2014 and 2013 are as follows.

 

                 
   

July 31, 2014

   

July 31, 2013

 

Tax benefit at U.S. statutory rate

  $ 466,602     $ 175,906  

Permanent difference - beneficial conversion features

    (380,452 )     (56,805 )

Valuation allowance

    (86,150 )     (119,101 )
    $     $  

 

The Company has net operating loss carryforwards of approximately $655,052.

XML 36 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events
12 Months Ended
Jul. 31, 2014
Subsequent Events [Abstract]  
Subsequent Events

Note 10. Subsequent Events

 

The Jaxon Investment Agreement

 

On September 15, 2014, we entered into an investment agreement (the “Jaxon Investment Agreement”) with Jaxon Group Corp., a Louisiana corporation (“Jaxon”). Pursuant to the terms of the Jaxon Investment Agreement, Jaxon committed to purchase up to $5,000,000 of our common stock over a period of up to thirty-six (36) months.

 

In connection with the Jaxon Investment Agreement, we also entered into a registration rights agreement with Jaxon, pursuant to which we are obligated to file a registration statement with the SEC covering 10,000,000 shares of our common stock underlying the Jaxon Investment Agreement within 21 days after the closing of the transaction. In addition, we are obligated to use all commercially reasonable efforts to have the registration statement declared effective by the SEC within 120 days after the closing of the transaction and maintain the effectiveness of such registration statement until termination of the Jaxon Investment Agreement.

 

The proceeds to be received will depend upon the stock price immediately prior to the stock put being exercised.

 

Jaxon will periodically purchase our common stock under the Jaxon Investment Agreement and will, in turn, sell such shares to investors in the market at the market price. This may cause our stock price to decline, which will require us to issue increasing numbers of common shares to Jaxon to raise the same amount of funds, as our stock price declines.  
 

No amounts have been requested by the Company or funded under the Jaxon Investment Agreement. Jaxon is not obligated to purchase our common stock under the Jaxon Investment Agreement until the registration statement is declared effective. The registration statement has not been declared effective as of the date of this filing.

 

Purchase of Shares under the Jaxon Investment Agreement

 

From time to time during the thirty-six (36) months period commencing with the effectiveness of the registration statement, we may deliver a put notice to Jaxon which states the dollar amount that we intend to sell to Jaxon on a date specified in the put notice. The purchase price per share to be paid by Jaxon shall be calculated at a fifty percent (50%) discount to the lowest price of the common stock as reported by Bloomberg, L.P. during the twenty (20) consecutive trading days immediately prior to the receipt by Jaxon of the put notice. We have reserved 30,000,000 shares of our common stock for issuance under the Jaxon Investment Agreement, including 10,000,000 shares included in the registration statement.

XML 37 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Significant Accounting Policies (Details) (USD $)
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Jul. 31, 2012
Significant Accounting Policies [Abstract]      
Cash and cash equivalents $ 13,103 $ 205,153 $ 1,243
Advertising expense $ 154,964 $ 40,000  
Inventory [Member] | Supplier Concentration Risk [Member]
     
Concentration Risk [Line Items]      
Concentration risk, percentage 100.00%    
Sales [Member] | Customer Concentration Risk [Member]
     
Concentration Risk [Line Items]      
Concentration risk, percentage 100.00%    
XML 38 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Common Stock (Details) (USD $)
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Common Stock [Abstract]    
Shares issued for conversion of notes payable $ 315,835   
Shares issued for conversion of notes payable, shares 15,791,774  
XML 39 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT (USD $)
Total
Common Stock [Member]
Additional Paid In Capital [Member]
Accumulated Deficit [Member]
BALANCE at Jul. 31, 2012 $ (7,875) $ 6,225 $ 37,275 $ (51,375)
BALANCE, shares at Jul. 31, 2012   62,250,000    
Shares issued for conversion of notes payable         
Beneficial conversion discount on convertible notes payable 167,075    167,075   
Net loss (517,371)       (517,371)
BALANCE at Jul. 31, 2013 (358,171) 6,225 204,350 (568,746)
BALANCE, shares at Jul. 31, 2013 62,250,000 62,250,000    
Shares issued for conversion of notes payable 315,835 1,579 314,256   
Shares issued for conversion of notes payable, shares 15,791,774 15,791,774    
Beneficial conversion discount on convertible notes payable 1,118,979    1,118,979   
Net loss (1,372,360)       (1,372,360)
BALANCE at Jul. 31, 2014 $ (295,717) $ 7,804 $ 1,637,585 $ (1,941,106)
BALANCE, shares at Jul. 31, 2014 78,041,774 78,041,774    
XML 40 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Prepaid Expenses
12 Months Ended
Jul. 31, 2014
Prepaid Expenses [Abstract]  
Prepaid Expenses

Note 4. Prepaid Expenses


Prepaid expense consists solely of a prepayment to a vendor for distilling and bottling our distilled spirits product.
 

XML 41 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Details) (USD $)
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
INCOME TAXES [Abstract]    
Tax benefit at U.S. statutory rate $ 466,602 $ 175,906
Permanent difference - beneficial conversion features (380,452) (56,805)
Valuation allowance (86,150) (119,101)
Total      
Net operating loss carry-forward $ 655,052  
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Going Concern (Details) (USD $)
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Background Information [Abstract]    
Net loss $ (1,372,360) $ (517,371)
Cash flow from operations (794,109) (473,420)
Working capital $ (214,137)  

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