0001562738-13-000012.txt : 20130816 0001562738-13-000012.hdr.sgml : 20130816 20130816120146 ACCESSION NUMBER: 0001562738-13-000012 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20130630 FILED AS OF DATE: 20130816 DATE AS OF CHANGE: 20130816 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BALIUS CORP. CENTRAL INDEX KEY: 0001562738 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE SERVICES [0700] IRS NUMBER: 990382426 STATE OF INCORPORATION: NV FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-186330 FILM NUMBER: 131044360 BUSINESS ADDRESS: STREET 1: 38 SEA VIEW PARK CITY: CLIFFONEY, CO. SLIGO STATE: L2 ZIP: 00000 BUSINESS PHONE: 353851997078 MAIL ADDRESS: STREET 1: 38 SEA VIEW PARK CITY: CLIFFONEY, CO. SLIGO STATE: L2 ZIP: 00000 10-Q 1 f10qbalius.htm FORM 10-Q FS



U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-Q


Mark One

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


For the quarterly period ended June 30, 2013


[   ]  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. 333-186330


BALIUS CORP.

(Exact name of registrant as specified in its charter)



Nevada

(State or Other Jurisdiction of Incorporation or Organization)


99-0382426

IRS Employer Identification Number

5963

Primary Standard Industrial Classification Code Number



Balius Corp.

38 Sea View Park

Cliffoney, Co. Sligo, Ireland

Tel. 353851997078

 

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes [X ]   No[    ]

Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [  ]

Accelerated filer [   ]

Non-accelerated filer [   ]

Smaller reporting company [X]

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

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:

Class

Outstanding as of August 15, 2013

Common Stock, $0.001

12,550,000




1 | Page



BALIUS CORP.



PART I

FINANCIAL INFORMATION

 


ITEM 1

Financial Statements

3


Balance Sheets

3


Statements of Operations

4


Statements of Cash Flows

5


Notes to Financial Statements

6



ITEM 2

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

9


ITEM 3

Quantitative and Qualitative Disclosures About Market Risk

12


ITEM 4

Controls and Procedures

12


PART II

OTHER INFORMATION

13


ITEM 1

Legal Proceedings

13


ITEM 2

Unregistered Sales of Equity Securities and Use of Proceeds

13


ITEM 3

Defaults Upon Senior Securities

13


ITEM 4

Mine Safety Disclosures

13


ITEM 5

Other Information

13


ITEM 6

Exhibits

14




2 | Page



PART I. FINANCIAL INFORMATION


BALIUS CORP.

(A DEVELOPMENT STAGE COMPANY)

BALANCE SHEETS

 

JUNE 30, 2013

(UNAUDITED)

DECEMBER 31, 2012

(AUDITED)

ASSETS

 

 

Current Assets

 

 

 

Cash

$      22,459

$      10,126

 

Inventory

2,000

-

 

Total current assets

24,459

10,126

Total assets                                                         

$      24,459

$      10,126

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current  Liabilities

 

 Loan from shareholder

$        424

$       424

 

Total current liabilities

424

424

Total liabilities

424

424

 

Stockholders’ Equity

  

Common stock, $0.001 par value, 75,000,000 shares authorized;

 

 

      12,140,000 shares issued and outstanding (10,000,000 shares issued and outstanding as of December 31, 2012)

12,140

10,000

 

Additional paid-in-capital

19,260

-

 

Deficit accumulated during the development stage

(7,365)

(298)

Total stockholders’ equity

24,035

9,702

Total liabilities and stockholders’ equity

$      24,459

$    10,126         



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





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BALIUS CORP.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF OPERATIONS (UNAUDITED)

 

Three months ended June 30, 2013

Six months ended June 30, 2013

For the period from inception (October 23, 2012) to June 30, 2013

Revenues

$              -

$          -

 $              -

Expenses

 

 

 

 General and administrative expenses

861

7,067

              7,365

Net loss from operations

(861)

(7,067)

(7,365)

Net loss

$         (861)

(7,067)

$         (7,365)

Loss per common share – Basic and Diluted

(0.00)

 

 

Weighted Average Number of Common Shares Outstanding-Basic and Diluted

10,308,571

10,155,138

 



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




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BALIUS CORP.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF CASH FLOWS (UNAUDITED)

 

Six months ended June 30, 2013

For the period from inception (October 23, 2012) to June 30, 2013

Operating Activities

 

 

 

Net loss

$       (7,067)

$        (7,365)

 

Decrease (Increase) in Operating Assets:  

 

 

 

Inventory

(2,000)

(2,000)

 

Net cash used in operating activities

(9,067)

(9,365)


Financing Activities

 

 

 

Proceeds from sale of common stock

21,400

31,400

 

Proceeds from loan from shareholder

-

424

 

Net cash provided by financing activities

-

31,824


Net increase in cash and equivalents

12,333


22,459

Cash and equivalents at beginning of the period

10,126

-

Cash and equivalents at end of the period

$         22,459

$         22,459

 

Supplemental cash flow information:

 

 

 

Cash paid for:

 

 

 

Interest                                                                                               

$             -

                             $             -

 

Taxes                                                                                           

$             -

                             $             -



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





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BALIUS CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS (UNAUDITED)

JUNE 30, 2013



NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS


Organization and Description of Business

BALIUS CORP. (the “Company”) was incorporated under the laws of the State of Nevada on October 23, 2012 and plans to buy young Irish Sport Horses train them and resell. The Company is in the development stage as defined under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915-205 "Development-Stage Entities.”  Since inception through June 30, 2013 the Company has not generated any revenue and has accumulated losses of $7,365.


Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with the instructions from Regulation S-X and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period(s), and to make the financial statements not misleading, have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim period(s) are not necessarily indicative of operations for a full year.


NOTE 2 – GOING CONCERN


The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future.  The Company has incurred a loss since inception resulting in an accumulated deficit of $7,365 as of June 30, 2013 and further losses are anticipated in the development of its business.  Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern.  


The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock.  


NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Accounting Basis

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


Cash and Cash Equivalents

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

The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At June 30, 2013 the Company's bank deposits did not exceed the insured amounts.



6 | Page





Basic and Diluted Income (Loss) Per Share

The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.


Dividends

The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown.


Income Taxes

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


Advertising Costs

The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during the period ended June 30, 2013.


Impairment of Long-Lived Assets

The Company, when applicable, continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.


Recent accounting pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.



7 | Page



Use of Estimates

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


Stock-Based Compensation

As of June 30, 2013 the Company has not issued any stock-based payments to its employees.

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


Revenue Recognition

The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. No revenue has been earned since inception.



NOTE 4 – COMMON STOCK


The Company has 75,000,000 common shares authorized with a par value of $ 0.001 per share. On November 19, 2012, the Company issued 10,000,000 shares of its common stock at $0.001 per share for total proceeds of $10,000.  For the three month period ended June 30, 2013 the Company issued 2,140,000 shares of its common stock at $0.01 per share for total proceeds of $21,400. As of June 20, 2013, the Company had 12,140,000 shares issued and outstanding.


NOTE 5 – INCOME TAXES


As of June 30, 2013 the Company had net operating loss carry forwards of $7,365 that may be available to reduce future years’ taxable income through 2033. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.


NOTE 6 – RELATED PARTY TRANSACTIONS


Since inception through June 30, 2013 the Director loaned the Company $424 to pay for incorporation costs and bank expenses.  As of June 30, 2013, total loan amount was $424. The loan is non-interest bearing, due upon demand and unsecured.



NOTE 7 – SUBSEQUENT EVENT

In July 2013, Company issued 410,000 shares of its common stock at $0.01 per share for total proceeds of $4,100.



8 | Page





FORWARD LOOKING STATEMENTS


Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION



 

General


Balius Corp. was incorporated in the State of Nevada on October 23, 2012 and established a fiscal year end of December 31. We do not have revenues, have minimal assets and have incurred losses since inception. We are a development-stage company formed to commence operations in the equine business. We have recently started our operation. As of today, we have developed our business plan, bought first young horse, executed a Grazing Lease Agreement, dated January 22, 2013 and entered into oral agreement with Thomas Casidy to use a property which includes a riding arena, a stable for 8 horses and 6 acres pasture field in Ballaghnatrillick on March 26, 2013.


We plan to commence operations in the equine business. We intend to buy young Irish Sport Horses aged 4 year and older, train them and resell. We plan to buy unbroken and untrained young horses at the local and national auctions as well as from horse distributors, general public, breeders and horse farms.

We intend to offer our trained Irish Sport Horses to various horse dealers that distribute horses to Europe and North America. Our Sole officer and director has worked for many years and has broad connections in the equine industry and personally know many horse dealers. He will offer our horses to them. We plan to sell our horses at local, national and international horse auctions. We will attend action with our horses that are held every week in Ireland, many of which are international auctions. We plan also to advertise them at different newspapers and web sites and sell directly to the public.



9 | Page




RESULTS OF OPERATION


As of June 30, 2013, we had total assets of $24,459 and total liabilities of $424.  Since our inception to June 30, 2013, we have accumulated a deficit of $7,365.  We anticipate that we will continue to incur substantial losses in the next 12 months. Our financial statements have been prepared assuming that we will continue as a going concern.  We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.


Six Month Period Ended June 30, 2013 Compared to the period from inception (October 23, 2012) to June 30, 2013


Our net loss for the six month period ended June 30, 2013 was $7,067 compared to a net loss of $7,365 during the period from inception (October 23, 2012) to June 30, 2013. During the six month period ended June 30, 2013, we  have not generated any revenues.  


During the six month period ended June 30, 2013, we incurred  $7,067  in general and administrative expenses  compared to $7,365  in general and administrative expenses incurred during the period from inception (October 23, 2012) to June 30, 2013. General and administrative and professional fee expenses incurred during the six month period ended June 30, 2013 were generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting, developmental costs, and marketing expenses.


The weighted average number of shares outstanding was 10,155,138 for the six month period ended June 30, 2013.  


LIQUIDITY AND CAPITAL RESOURCES


As of June 30, 2013


As at June 30, 2013 our current assets were $22,459 compared to $10,126 in current assets at December 31, 2012. Our current liabilities were $424 at December 31, 2012 and June 30, 2013 respectively.


Stockholders’ equity increased from $9,702 as of December 31, 2012 to $24,035 as of June 30, 2013.   


Cash Flows from Operating Activities


We have not generated positive cash flows from operating activities. For the six month period ended June 30, 2013, cash flows used in operating activities was $9,067, consisting of a net loss of $7,067 and increase in inventory of $2,000. During the period from inception (October 23, 2012) to June 30, 2013 net cash flows used in operating activities was $9,365.



10 | Page





Cash Flows from Financing Activities


We have financed our operations primarily from either advancements or the issuance of equity and advances from our sole director. For the six month period ended June 30, 2013, cash provided by financing activities was $21,400 which was received from proceeds from issuance of common stock. For the period from inception (October 23, 2012 ) to June 30, 2013, net cash provided by financing activities was $31,824 received from proceeds from issuance of common stock and advance from the director.


PLAN OF OPERATION AND FUNDING


We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.


Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next twelve months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and advances from our sole officer and director. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. We currently have no agreements, arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources. Since we have no such arrangements or plans currently in effect, our inability to raise funds for the above purposes will have a severe negative impact on our ability to remain a viable company. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.


OFF-BALANCE SHEET ARRANGEMENTS


As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.




11 | Page



GOING CONCERN


The independent auditors' report accompanying our December 31, 2012 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.


A smaller reporting company, as defined by Item 10 of Regulation S-K, is not required to provide the information required by this item.


ITEM 4 (T). CONTROLS AND PROCEDURES


Disclosure Controls and Procedures


Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.


An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of June 30, 2013. Based on that evaluation, our management concluded that our disclosure controls and procedures were effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.


Changes in Internal Controls over Financial Reporting


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



12 | Page



PART II. OTHER INFORMATION



ITEM 1. LEGAL PROCEEDINGS


Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.


ITEM 1A.   RISK FACTORS


A smaller reporting company, as defined by Item 10 of Regulation S-K, is not required to provide the information required by this item.


ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS


None.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES


None.


ITEM 4. MINE SAFETY DISCLOSURES


Not applicable


ITEM 5. OTHER INFORMATION


None.




13 | Page



ITEM 6. EXHIBITS


Exhibits:


Number

Description

 

 

31.1

Certification of Principal Executive Officer and Principal Financial Officer, pursuant to SEC Rules 13a-14(a) and 15d-14(a), adopted pursuant Section 302 of the Sarbanes Oxley Act of 2002

32.1

Certification of Chief Executive Officer and Principal Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted 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.DEF

XBRL Taxonomy Extension Definition Linkbase Document

101.LAB

XBRL Taxonomy Extension Label Linkbase Document

101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document




SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


 

BALIUS CORP.

Dated: August 15, 2013

By: /s/ Vitaliy Gladky

 

Vitaliy Gladky, President and Chief Executive Officer and Chief Financial Officer














14 | Page



EX-31 2 certification311.htm EXHIBIT 31.1 ex 31.1

Exhibit 31.1


CERTIFICATION


I, Vitaliy Gladky, President, Chief Executive Officer and Chief Financial Officer of BALIUS CORP., certify that:

1.   I have reviewed this Quarterly Report on Form 10-Q of BALIUS CORP.;


2.   Based on my knowledge, this report does not contain any untrue statement of 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 quarterly  report;


3.   Based on my  knowledge,  the  financial  statements,  and  other  financial  information included in this Report,  fairly present in all material respects the financial  condition,  results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4.   The  registrant's  other  certifying  officer(s) and I are  responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules  13a-15(e) and 15d- 15(e)) and internal  control over financial  reporting  (as  defined  in  Exchange  Act Rules  13a-15(f)  and 15d-15(f)) for the registrant and have:


     a)   designed  such  disclosure  controls  and  procedures,  or caused such  disclosure   control  and   procedures   to  be  designed   under  our  supervision,  to ensure  that  material  information  relating  to the registrant,  including its consolidated subsidiaries, is made known to us by others within those entities,  particularly during the period in which this report is being prepared;

     b)   designed such internal  control over  financial  reporting,  or caused such internal  control over  financial  reporting to be designed under  our  supervision,   to  provide  reasonable  assurance  regarding  the reliability  of financial  reporting and the  preparation of financial statements for external purposes in accordance with generally accepted  accounting principles;

     c)   evaluated the  effectiveness of the registrant's  disclosure  controls and procedures and presented in this report our conclusions  about the  effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

     d)   disclosed  in this  report  any  change in the  registrant's  internal  control over financial reporting that occurred during the registrant's  most recent fiscal quarter (the registrant's  fourth fiscal quarter in the case of an annual  report)  that has  materially  affected,  or is  reasonably  likely to materially  affect,  the  registrant's  internal  control over financial reporting; and


5.   The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):


     a)   all significant  deficiencies and material weaknesses in the design or operation  of internal  control  over  financial  reporting  which are reasonably  likely to  adversely  affect the  registrant's  ability to record, process summarize and report financial information; and

     b)   any fraud, whether or not material,  that involves management or other employees who have a  significant  role in the  registrant's  internal control over financial reporting.


Date: August 15, 2013


/s/ Vitaliy Gladky

____________________________

Vitaliy Gladky, President,

Chief Executive Officer and  Chief Financial Officer



EX-32 3 certification321.htm EXHIBIT 32.1 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 BALIUS CORP. (the "Company")  on Form 10-Q for the period  ended  June 30, 2013  as filed with the Securities  and  Exchange  Commission  on the date  hereof (the  "Report"),  the undersigned,  in the  capacities  and  on  the  dates  indicated  below,  hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:


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


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


Date: August 15, 2013



/s/ Vitaliy Gladky

Vitaliy Gladky, President,

Chief Executive Officer and

Chief Financial Officer




EX-101.INS 4 balius-20130630.xml XBRL INSTANCE DOCUMENT 10-Q 2013-06-30 false BALIUS CORP. 0001562738 --12-31 12140000 Smaller Reporting Company No No No 2013 Q2 2000 24459 10126 24459 10126 424 424 424 424 12140 10000 19260 -7365 -298 24035 9702 75000000 75000000 12140000 10000000 24459 10126 861 7067 7365 861 7067 7365 -861 -7067 -7365 -861 -7067 -7365 0 0 10308571 10155138 -7067 -7365 -2000 -2000 -9067 -9365 21400 31400 424 21400 31824 12333 22459 10126 22459 <!--egx--><p align="justify" style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Organization and Description of Business</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>BALIUS CORP. (the &#147;Company&#148;) was incorporated under the laws of the State of Nevada on October 23, 2012 and plans to buy young Irish Sport Horses train them and resell. The Company is in the development stage as defined under Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standards Codification (&#147;ASC&#148;) 915-205 "Development-Stage Entities.&#148; &nbsp;Since inception through June 30, 2013 the Company has not generated any revenue and has accumulated losses of $7,365.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Basis of Presentation</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The accompanying unaudited financial statements have been prepared in accordance with the instructions from Regulation S-X and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period(s), and to make the financial statements not misleading, have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim period(s) are not necessarily indicative of operations for a full year.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 2 &#150; GOING CONCERN</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. &nbsp;The Company has incurred a loss since inception resulting in an accumulated deficit of $7,365 as of June 30, 2013 and further losses are anticipated in the development of its business. &nbsp;Accordingly, there is substantial doubt about the Company&#146;s ability to continue as a going concern. &nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock. &nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Accounting Basis</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (&#147;GAAP&#148; accounting).&nbsp;&nbsp;The Company has adopted December 31 fiscal year end.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Cash and Cash Equivalents</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At June 30, 2013 the Company's bank deposits did not exceed the insured amounts.</p> <p align="center" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="center" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="left" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Basic and Diluted Income (Loss) Per Share</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company computes loss per share in accordance with &#147;ASC-260&#148;, &#147;Earnings per Share&#148; which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. &nbsp;Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Dividends</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Income Taxes</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company follows the liability method of accounting for income taxes. &nbsp;Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). &nbsp;The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Advertising Costs</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company&#146;s policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during the period ended June 30, 2013.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Impairment of Long-Lived Assets</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company, when applicable, continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Recent accounting pronouncements</u></p> <p style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.</p> <p style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Use of Estimates</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period.&nbsp;&nbsp;Actual results could differ from those estimates.</p> <p align="center" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Stock-Based Compensation</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>As of June 30, 2013 the Company has not issued any stock-based payments to its employees.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>Stock-based compensation is accounted for at fair value in accordance with SFAS ASC 718, when applicable. &nbsp;To date, the Company has not adopted a stock option plan and has not granted any stock options.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Revenue Recognition</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. No revenue has been earned since inception.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="center" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 4 &#150; COMMON STOCK</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company has 75,000,000 common shares authorized with a par value of $ 0.001 per share. On November 19, 2012, the Company issued 10,000,000 shares of its common stock at $0.001 per share for total proceeds of $10,000. &nbsp;For the three month period ended June 30, 2013 the Company issued 2,140,000 shares of its common stock at $0.01 per share for total proceeds of $21,400. As of June 20, 2013, the Company had 12,140,000 shares issued and outstanding.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 5 &#150; INCOME TAXES</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>As of June 30, 2013 the Company had net operating loss carry forwards of $7,365 that may be available to reduce future years&#146; taxable income through 2033. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 6 &#150; RELATED PARTY TRANSACTIONS</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>Since inception through June 30, 2013 the Director loaned the Company $424 to pay for incorporation costs and bank expenses. &nbsp;As of June 30, 2013, total loan amount was $424. The loan is non-interest bearing, due upon demand and unsecured.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 7 &#150; SUBSEQUENT EVENT</i></b></p> <p style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>In July 2013, Company issued 410,000 shares of its common stock at $0.01 per share for total proceeds of $4,100.</p> 0001562738 2013-01-01 2013-06-30 0001562738 2013-06-30 0001562738 2012-12-31 0001562738 2013-04-01 2013-06-30 0001562738 2012-10-23 2013-06-30 shares iso4217:USD iso4217:USD shares EX-101.CAL 5 balius-20130630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 6 balius-20130630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 7 balius-20130630_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT Proceeds from Repayment of Loans by Employee Stock Ownership Plans Payments for Repurchase of Warrants Proceeds from (Repayments of) Short-term Debt Proceeds from Sale, Maturity and Collection of Investments Payments for Software Increase (Decrease) in Operating Liabilities {1} Increase (Decrease) in Operating Liabilities Deferred Income Taxes and Tax Credits Inventory Write-down Weighted Average Limited Partnership Units Outstanding, Basic Distributions Per Limited Partnership Unit Outstanding, Basic General Partner Distributions Deferred Income Tax Expense (Benefit) Income Tax Expense (Benefit) {1} Income Tax 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Issuance Costs Proceeds from Long-term Capital Lease Obligations Payments to Acquire Businesses and Interest in Affiliates Proceeds from Sale and Collection of Loans Receivable Payments to Acquire Intangible Assets Payments to Acquire Property, Plant, and Equipment Issuance of Stock and Warrants for Services or Claims Recognition of Deferred Revenue Distributions Per Limited Partnership and General Partnership Unit, Outstanding, Basic Weighted Average Limited Partnership Units Outstanding, Diluted Weighted Average General Partnership Units Outstanding Weighted Average Number of Shares Outstanding, Diluted Net Income (Loss) Available to Common Stockholders, Basic Net Income (Loss) Available to Common Stockholders, Basic Other Preferred Stock Dividends and Adjustments Gain (Loss) on Disposition of Intangible Assets Marketable Securities, Gain (Loss) Gain (Loss) Related to Litigation Settlement Interest Income, Operating Sales Revenue, Services, Net Accumulated Distributions in Excess of 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balius-20130630.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 200000 - Disclosure - Organization, Consolidation and Presentation of Financial Statements link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - Statement of Financial Position link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - Statement of Cash Flows link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - Statement of Income link:presentationLink link:definitionLink link:calculationLink XML 10 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statement of Cash Flows (USD $)
6 Months Ended 9 Months Ended
Jun. 30, 2013
Jun. 30, 2013
Net Cash Provided by (Used in) Operating Activities    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (7,067) $ (7,365)
Increase (Decrease) in Operating Assets    
Increase (Decrease) in Inventories (2,000) (2,000)
Net Cash Provided by (Used in) Operating Activities (9,067) (9,365)
Net Cash Provided by (Used in) Financing Activities    
Proceeds from Issuance of Common Stock 21,400 31,400
Proceeds from loans   424
Net Cash Provided by (Used in) Financing Activities 21,400 31,824
Cash and Cash Equivalents, Period Increase (Decrease) 12,333 22,459
Cash and Cash Equivalents, at Carrying Value 10,126  
Cash and Cash Equivalents, at Carrying Value $ 22,459 $ 22,459
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Shares issued include shares outstanding and shares held in the treasury.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 false117false 3us-gaap_LiabilitiesAndStockholdersEquityus-gaap_truecreditinstantfalsefalsefalsefalsefalsefalsefalsefalsetotalLabel1truefalsefalse2445924459USD$falsetruefalse2truefalsefalse1012610126USD$falsetruefalsexbrli:monetaryItemTypemonetaryAmount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.32) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 25 -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 32 -Article 5 true2falseStatement of Financial Position (USD $)NoRoundingNoRoundingUnKnownUnKnowntruefalsefalseSheethttp://balius/20130630/role/idr_StatementOfFinancialPosition217 XML 14 R5.xml IDEA: Organization, Consolidation and Presentation of Financial Statements 2.4.0.8200000 - Disclosure - Organization, Consolidation and Presentation of Financial Statementstruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001562738duration2013-01-01T00:00:002013-06-30T00:00:001true 1fil_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract1fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<!--egx--><p align="justify" style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Organization and Description of Business</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>BALIUS CORP. (the &#147;Company&#148;) was incorporated under the laws of the State of Nevada on October 23, 2012 and plans to buy young Irish Sport Horses train them and resell. The Company is in the development stage as defined under Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standards Codification (&#147;ASC&#148;) 915-205 "Development-Stage Entities.&#148; &nbsp;Since inception through June 30, 2013 the Company has not generated any revenue and has accumulated losses of $7,365.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Basis of Presentation</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The accompanying unaudited financial statements have been prepared in accordance with the instructions from Regulation S-X and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period(s), and to make the financial statements not misleading, have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim period(s) are not necessarily indicative of operations for a full year.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 2 &#150; GOING CONCERN</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. &nbsp;The Company has incurred a loss since inception resulting in an accumulated deficit of $7,365 as of June 30, 2013 and further losses are anticipated in the development of its business. &nbsp;Accordingly, there is substantial doubt about the Company&#146;s ability to continue as a going concern. &nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock. &nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Accounting Basis</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (&#147;GAAP&#148; accounting).&nbsp;&nbsp;The Company has adopted December 31 fiscal year end.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Cash and Cash Equivalents</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At June 30, 2013 the Company's bank deposits did not exceed the insured amounts.</p> <p align="center" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="center" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="left" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Basic and Diluted Income (Loss) Per Share</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company computes loss per share in accordance with &#147;ASC-260&#148;, &#147;Earnings per Share&#148; which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. &nbsp;Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Dividends</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Income Taxes</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company follows the liability method of accounting for income taxes. &nbsp;Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). &nbsp;The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Advertising Costs</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company&#146;s policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during the period ended June 30, 2013.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Impairment of Long-Lived Assets</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company, when applicable, continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Recent accounting pronouncements</u></p> <p style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.</p> <p style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Use of Estimates</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period.&nbsp;&nbsp;Actual results could differ from those estimates.</p> <p align="center" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Stock-Based Compensation</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>As of June 30, 2013 the Company has not issued any stock-based payments to its employees.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>Stock-based compensation is accounted for at fair value in accordance with SFAS ASC 718, when applicable. &nbsp;To date, the Company has not adopted a stock option plan and has not granted any stock options.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><u>Revenue Recognition</u></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. No revenue has been earned since inception.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="center" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 4 &#150; COMMON STOCK</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>The Company has 75,000,000 common shares authorized with a par value of $ 0.001 per share. On November 19, 2012, the Company issued 10,000,000 shares of its common stock at $0.001 per share for total proceeds of $10,000. &nbsp;For the three month period ended June 30, 2013 the Company issued 2,140,000 shares of its common stock at $0.01 per share for total proceeds of $21,400. As of June 20, 2013, the Company had 12,140,000 shares issued and outstanding.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 5 &#150; INCOME TAXES</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>As of June 30, 2013 the Company had net operating loss carry forwards of $7,365 that may be available to reduce future years&#146; taxable income through 2033. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 6 &#150; RELATED PARTY TRANSACTIONS</i></b></p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>Since inception through June 30, 2013 the Director loaned the Company $424 to pay for incorporation costs and bank expenses. &nbsp;As of June 30, 2013, total loan amount was $424. The loan is non-interest bearing, due upon demand and unsecured.</p> <p align="justify" style='white-space:normal;text-transform:none;word-spacing:0px;margin:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>&nbsp;</p> <p style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'><b><i>NOTE 7 &#150; SUBSEQUENT EVENT</i></b></p> <p style='margin-bottom:11px;white-space:normal;text-transform:none;word-spacing:0px;margin-top:0px;letter-spacing:normal;text-indent:0px;-webkit-text-stroke-width:0px'>In July 2013, Company issued 410,000 shares of its common stock at $0.01 per share for total proceeds of $4,100.</p>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. 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    Statement of Income (USD $)
    3 Months Ended 6 Months Ended 9 Months Ended
    Jun. 30, 2013
    Jun. 30, 2013
    Jun. 30, 2013
    Operating Expenses      
    General and Administrative Expense $ 861 $ 7,067 $ 7,365
    Operating Expenses 861 7,067 7,365
    Operating Income (Loss) (861) (7,067) (7,365)
    Net Income (Loss) Attributable to Parent $ (861) $ (7,067) $ (7,365)
    Earnings Per Share      
    Earnings Per Share, Basic $ 0 $ 0  
    Weighted Average Number of Shares Outstanding, Basic 10,308,571 10,155,138  

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    Organization, Consolidation and Presentation of Financial Statements
    6 Months Ended
    Jun. 30, 2013
    Organization, Consolidation and Presentation of Financial Statements:  
    Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies

    NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS

     

    Organization and Description of Business

    BALIUS CORP. (the “Company”) was incorporated under the laws of the State of Nevada on October 23, 2012 and plans to buy young Irish Sport Horses train them and resell. The Company is in the development stage as defined under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915-205 "Development-Stage Entities.”  Since inception through June 30, 2013 the Company has not generated any revenue and has accumulated losses of $7,365.

     

    Basis of Presentation

    The accompanying unaudited financial statements have been prepared in accordance with the instructions from Regulation S-X and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period(s), and to make the financial statements not misleading, have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim period(s) are not necessarily indicative of operations for a full year.

     

    NOTE 2 – GOING CONCERN

     

    The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future.  The Company has incurred a loss since inception resulting in an accumulated deficit of $7,365 as of June 30, 2013 and further losses are anticipated in the development of its business.  Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern.  

     

    The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock.  

     

    NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     

    Accounting Basis

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

     

    Cash and Cash Equivalents

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

    The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At June 30, 2013 the Company's bank deposits did not exceed the insured amounts.

     

     

    Basic and Diluted Income (Loss) Per Share

    The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

     

    Dividends

    The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown.

     

    Income Taxes

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

     

    Advertising Costs

    The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during the period ended June 30, 2013.

     

    Impairment of Long-Lived Assets

    The Company, when applicable, continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.

     

    Recent accounting pronouncements

    We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

     

    Use of Estimates

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

     

    Stock-Based Compensation

    As of June 30, 2013 the Company has not issued any stock-based payments to its employees.

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

     

    Revenue Recognition

    The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. No revenue has been earned since inception.

     

     

    NOTE 4 – COMMON STOCK

     

    The Company has 75,000,000 common shares authorized with a par value of $ 0.001 per share. On November 19, 2012, the Company issued 10,000,000 shares of its common stock at $0.001 per share for total proceeds of $10,000.  For the three month period ended June 30, 2013 the Company issued 2,140,000 shares of its common stock at $0.01 per share for total proceeds of $21,400. As of June 20, 2013, the Company had 12,140,000 shares issued and outstanding.

     

    NOTE 5 – INCOME TAXES

     

    As of June 30, 2013 the Company had net operating loss carry forwards of $7,365 that may be available to reduce future years’ taxable income through 2033. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

     

    NOTE 6 – RELATED PARTY TRANSACTIONS

     

    Since inception through June 30, 2013 the Director loaned the Company $424 to pay for incorporation costs and bank expenses.  As of June 30, 2013, total loan amount was $424. The loan is non-interest bearing, due upon demand and unsecured.

     

     

    NOTE 7 – SUBSEQUENT EVENT

    In July 2013, Company issued 410,000 shares of its common stock at $0.01 per share for total proceeds of $4,100.

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    Statement of Financial Position (USD $)
    Jun. 30, 2013
    Dec. 31, 2012
    Assets, Current    
    Cash and Cash Equivalents, at Carrying Value $ 22,459 $ 10,126
    Inventory, Net 2,000  
    Assets, Current 24,459 10,126
    Assets 24,459 10,126
    Liabilities, Noncurrent    
    Due to Related Parties, Noncurrent 424 424
    Liabilities 424 424
    Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest    
    Common Stock, Value, Issued 12,140 10,000
    Additional Paid in Capital, Common Stock 19,260  
    Retained Earnings (Accumulated Deficit) (7,365) (298)
    Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 24,035 9,702
    Stockholders' Equity, Number of Shares, Par Value and Other Disclosures    
    Common Stock, Shares Authorized 75,000,000 75,000,000
    Common Stock, Shares Issued 12,140,000 10,000,000
    Liabilities and Equity $ 24,459 $ 10,126
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    Document and Entity Information:  
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    Entity Voluntary Filers No
    Entity Well-known Seasoned Issuer No
    Document Fiscal Year Focus 2013
    Document Fiscal Period Focus Q2
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