10-Q

UNITED STATES

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 March 31, 2014

or

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

For the transition period from ____________ to ________________

Commission file number: 333-192272

I IN THE SKY INC.
(Exact name of registrant as specified in its charter)
Nevada	46-3366428
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1315 5th Street South, Hopkins, MN  55313
(Address of principal executive offices)
(952) 278-9912
(Registrant's telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes [X]  No []

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes [X] No [  ]

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

Large accelerated filer [  ]	Accelerated filer [  ]
Non-accelerated filer [  ]	Smaller reporting company [X]
(Do not check if a 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 [X] No [  ]

As of May 6, 2014 there were 14,600,000 shares of the issuer's common stock, par value $0.001, issued and outstanding.

I IN THE SKY INC.

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2014

TABLE OF CONTENTS

		PAGE
	PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements.	3
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations.	14
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	16
Item 4.	Controls and Procedures.	16
	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings.	17
Item 1A.	Risk Factors.	17
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	17
Item 3.	Defaults Upon Senior Securities.	17
Item 4.	Mine Safety Disclosures.	17
Item 5.	Other Information.	17
Item 6.	Exhibits.	18
	SIGNATURES	19

2

PART I - FINANCIAL INFORMATION

Item 1.      Financial Statements.

I IN THE SKY INC.

(A Development Stage Company)

INDEX TO INTERIM FINANCIAL STATEMENTS

FOR THE PERIOD OF JULY 15, 2013 (INCEPTION) TO MARCH 31, 2014

	Page
Balance Sheets	4
Statements of Operations	5
Statement of Stockholders' Equity (Deficit)	6
Statements of Cash Flows	7
Notes to the Interim Financial Statements	8

3

I IN THE SKY INC.

(A Development Stage Company)

Interim Balance Sheets

	March 31,			September 30,
	2014			2013
	(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	64,689		$	-
Prepaid expenses		35			-
Total current assets		64,724			-
TOTAL ASSETS	$	64,724		$	-
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
LIABILITIES
Current Liabilities
Accounts payable and accrued liabilities	$	1,500		$	3,500
Note payable - related party		40,862			10,000
Total current liabilities		42,362			13,500
TOTAL LIABILITIES		42,362			13,500
COMMITMENTS AND CONTINGENCIES (NOTE 7)		-			-
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, 1,000,000 shares authorized; par value $0.001, none issued and outstanding		-			-
Common stock, 74,000,000 shares authorized; par value $0.001, 14,600,000 and 12,200,000 shares issued and outstanding, respectively		14,600			12,200
Additional paid-in capital		57,600			-
Deficit accumulated during the development stage		(49,838	)		(25,700	)
Total Stockholders' Equity (Deficit)		22,362			(13,500	)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	64,724		$	-

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

4

I IN THE SKY INC.

(A Development Stage Company)

Interim Statements of Operations

(Unaudited)

							July 15, 2013
	Three Months Ended			Six Months Ended			(inception) through
	March 31,			March 31,			March 31,
	2014			2014			2014
REVENUE	$	-		$	-		$	-
OPERATING EXPENSES
General and administrative		3,188			3,314			14,314
Professional fees		4,476			20,824			35,524
Total Operating Expenses		7,664			24,138			49,838
Net loss from operations		(7,664	)		(24,138	)		(49,838	)
Other Income and Expense		-			-			-
Provision for income taxes		-			-			-
Net Loss	$	(7,664	)	$	(24,138	)	$	(49,838	)
Basic loss per share	$	(0.00	)	$	(0.00	)
Weighted average number of shares outstanding		12,573,579			12,384,707

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

5

I IN THE SKY INC.

(A Development Stage Company)

Interim Statement of Stockholders' Equity (Deficit)

Period From July 15, 2013 (Inception) to March 31, 2014

	Common Stock				Additional Paid in		Deficit Accumulated During the Development			Total Stockholders'
	Number of Shares		Amount		Capital		Stage			Deficit
Balance as of July 15, 2013 (Inception)		-	$	-	$	-	$	-		$	-
Founders' shares issued at $0.001 per share		11,000,000		11,000		-		-			11,000
Shares issued for services at $0.001 per share		1,200,000		1,200		-		-			1,200
Net loss		-		-		-		(25,700	)		(25,700	)
Balance, September 30, 2013		12,200,000		12,200		-		(25,700	)		(13,500	)
Shares issued for cash at $0.025 per share		2,400,000		2,400		57,600		-			60,000
Net loss (unaudited)		-		-		-		(24,138	)		(24,138	)
Balance, March 31, 2014 (unaudited)		14,600,000	$	14,600	$	57,600	$	(49,838	)	$	22,362

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

6

I IN THE SKY INC.

(A Development Stage Company)

Interim Statements of Cash Flows

(Unaudited)

				July 15, 2013
	Six Months Ended			(Inception) Through
	March 31,			March 31,
	2014			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(24,138	)	$	(49,838	)
Adjustments to reconcile net loss to net cash used by operating activities:
Non-cash compensation expense		-			12,200
Changes in operating activities:
Prepaid expenses		(35	)		(35	)
Accounts payable and accrued liabilities		(2,000	)		1,500
Net cash used in operating activities		(26,173	)		(36,173	)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in Investing Activities		-			-
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from note payable - related party		52,500			62,500
Net payments to related party		(21,638	)		(21,638	)
Commons shares issued for cash		60,000			60,000
Net Cash Provided by Financing Activities		90,862			100,862
Net decrease in cash and cash equivalents		64,689			64,689
Cash and cash equivalents, beginning of period		-			-
Cash and cash equivalents, end of period		64,689			64,689
Supplemental Cash Flow Disclosure:
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-
Non-cash financing activities:
Common stock issued for services	$	-		$	12,200

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

7

I IN THE SKY INC.

(A Development Stage Company)

Notes to the Interim Financial Statements

March 31, 2014

(Unaudited)

NOTE 1 -ORGANIZATION AND DESCRIPTION OF BUSINESS

I IN THE SKY INC. (the "Company") is a Nevada corporation incorporated on July 15, 2013.  It is based in Hopkins, MN, USA.  The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, and the Company's fiscal year end is September 30.

The Company is a development stage company that intends to manufacture and market low cost GPS tracking devices and software to businesses and families. To date, the Company's activities have been limited to its formation and the raising of equity capital.

NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Unaudited Interim Financial Statements

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X.  Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.

In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading.  The results of operations for such interim periods are not necessarily indicative of operations for a full year.

Development Stage Company

The Company is a development stage company as defined by section ASC 915, "Development Stage Entities."  The Company is still devoting substantially all of its efforts to establishing the business, and its planned principal operations have not commenced.  All losses accumulated since inception have been considered as part of the Company's development stage activities.

Basis of Presentation

The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC").  The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

8

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value.  The Company had $64,689 and $nil in cash and cash equivalents as of March 31, 2014 and September 30, 2013, respectively.

Net Loss Per Share of Common Stock

The Company has adopted ASC Topic 260, "Earnings per Share," ("EPS") which requires presentation of basic EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation.  In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period.

The following table sets forth the computation of basic earnings per share, for the three and six months ended March 31, 2014:

	Three Months Ended March 31, 2014			Six Months Ended March 31, 2014
Net loss	$	(7,664	)	$	(24,138	)
Weighted average common shares issued and
outstanding (Basic and Diluted)		12,573,579			12,384,707
Net loss per share, Basic and Diluted	$	(0.00	)	$	(0.00	)

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.

Concentrations of Credit Risk

The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables that it will likely incur in the near future.  The Company places its cash and cash equivalents with financial institutions of high credit worthiness.  At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits.  The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.

9

Financial Instruments

The Company follows ASC 820, "Fair Value Measurements and Disclosures," which 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

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Share-based Expenses

ASC 718 "Compensation – Stock Compensation" prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired.  Transactions include incurring liabilities, or issuing or offering to issue shares, options,  and other equity instruments such as employee stock ownership plans and stock appreciation rights.  Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, "Equity – Based Payments to Non-Employees." Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable:  (a) the goods or services received; or (b) the equity instruments issued.  The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.  

We issued 1,200,000 common shares at $0.001 per share, to consultants, for the period ended September 30, 2013.

Research and Development

The Company does not engage in research and development as defined in ASC Topic 730, "Accounting for Research and Development Costs."

10

Advertising Costs

The Company follows ASC 720, "Advertising Costs," and expenses costs as incurred.  No advertising costs were incurred for the period ending March 31, 2014.

Related Parties

The Company follows ASC 850, "Related Party Disclosures," for the identification of related parties and disclosure of related party transactions.

Commitments and Contingencies

The Company follows ASC 450-20, "Loss Contingencies," to report accounting for contingencies.  Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.  There were no commitments or contingencies as of March 31, 2014.

Revenue Recognition

The Company will recognize revenue from the sale of products and services in accordance with ASC 605,"Revenue Recognition."  No revenue has been recognized since inception.  However, the Company will recognize revenue only when all of the following criteria have been met:

i) Persuasive evidence for an agreement exists;

ii) Service has been provided;

iii) The fee is fixed or determinable; and,

iv) Collection is reasonably assured.

Recent Accounting Pronouncements

Management has considered all recent accounting pronouncements issued. The Company's management believes that these recent pronouncements will not have a material effect on the Company's consolidated financial statements.

NOTE 3 -GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business.  As of March 31, 2014, the Company has a loss from operations of $24,138 an accumulated deficit of $49,838 and has earned no revenues since inception.  The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending September 30, 2014.

The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan.  In response to these problems, management intends to raise additional funds through public or private placement offerings.

These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern.  The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

11

NOTE 4 -   EQUITY

Preferred Stock

The Company has authorized 1,000,000 preferred shares with a par value of $0.001 per share.  The Board of Directors are authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes.

Common Stock

The Company has authorized 74,000,000 common shares with a par value of $0.001 per share.  Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

Since inception (July 15, 2013) to March 31, 2014, the Company has issued a total of 14,600,000 common shares for cash of $60,000 and services of $12,200, as follows:

· On August 12, 2013, the Company issued to its founders 11,000,000 shares of common stock at $0.001 per share for services valued at $11,000.

· On August 29, 2013, the Company issued to consultants 1,200,000 shares of common stock at $0.001 per share for services valued at $1,200.

· During March 2014, the Company issued 2,400,000 shares of common stock at $0.025 per share for cash of $60,000.

NOTE 5 -PROVISION FOR INCOME TAXES

The Company provides for income taxes under ASC 740, "Income Taxes." Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. 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.

The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 34% to the net loss before provision for income taxes for the following reasons:

	March 31, 2014			September 30, 2013
Income tax expense at statutory rate	$	(8,200	)	$	(8,700	)
Valuation allowance		8,200			8,700
Income tax expense per books	$	-		$	-

Net deferred tax assets consist of the following components as of:

	March 31, 2014			September 30, 2013
NOL Carryover	$	(49,838	)	$	(25,700	)
Valuation allowance		49,838			25,700
Net deferred tax asset	$	-		$	-

Due to the change in ownership provisions of the Income Tax laws of United States of America, net operating loss carry forwards of approximately $49,838 for federal income tax reporting purposes are subject to annual limitations. When a change in ownership occurs, net operating loss carry forwards may be limited as to use in future years.

12

NOTE 6 - RELATED PARTY TRANSACTIONS

Equity

On August 12, 2013, the Company issued 11,000,000 shares of its common stock to officers at $0.001 per share for services totaling $11,000.

Note Payable

During the period, an officer and director advanced the Company $30,862 for operating expenses. As of March 31, 2014 and September 30, 2013, the Company was obligated to this director, who is also a stockholder, for this non-interest bearing demand loan with a balance of $40,862 and 10,000, respectively. The Company plans to pay the loan back as cash flows become available.

Other

The controlling shareholder has pledged his support to fund continuing operations during the development stage; however there is no written commitment to this effect.  The Company is dependent upon the continued support.

The officer and director of the Company may be involved in other business activities and may, in the future, become involved in other business opportunities that become available. He may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.

The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder of the Company to use at no charge.

The Company does not have employment contracts with its sole key employee, the controlling shareholder, who is the sole officer and director of the Company.

NOTE 7 – COMMITMENTS AND CONTINGENCIES

The Company has no commitments or contingencies as of March 31, 2014.

From time to time the Company may become a party to litigation matters involving claims against the Company.  Management believes that it is adequately insured for its operations and there are no current matters that would have a material effect on the Company's financial position or results of operations.

NOTE 8 -SUBSEQUENT EVENTS

Management has evaluated subsequent events through the date these financial statements were available to be issued.  Based on our evaluation no events have occurred that require disclosure.

13

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

Forward-Looking Statements

Except for historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses.  Such forward-looking statements include, among others, those statements including the words "expects," "anticipates," "intends," "believes" and similar language.  Our actual results may differ significantly from those projected in the forward-looking statements.  Factors that might cause or contribute to such differences include, but are not limited to, those discussed herein as well as in the "Description of Business – Risk Factors" section in our Prospectus on Form 424B(2), as filed on February 14, 2014.  You should carefully review the risks described in our Prospectus and in other documents we file from time to time with the Securities and Exchange Commission.  You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report.  We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document.

Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

All references in this Form 10-Q to the "Company," "I In The Sky," "we," "us," or "our" are to I In The Sky Inc.

Our unaudited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

Description of Business

We are a start-up, development-stage company and have not yet generated or realized any revenues from our business operations.

Our auditors have issued a going concern opinion on our audited financial statements for the year ended September 30, 2013.  This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills.  This is because we have not generated any revenues and no revenues are anticipated until we are able to finish the integration of our GPS software and the client services of our web site, which will enable us to start selling subscription tracking services.   Our only other source for cash at this time is investments by others and loans from an officer and director. On February 13, 2013, our registration statement became effective for the Offering ("the Offering") for sale of our common shares. On April 1, 2014, the Company closed its Offering and will not sell any additional shares under that Prospectus.  The Company sold 2,400,000 shares under the Prospectus, raising a total of $60,000.  We must raise cash to implement our project and stay in business.

Results of Operations

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. 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.

14

The following table provides selected financial data about our company as of March 31, 2014, and September 30, 2013.

Balance Sheet Date	3/31/14		9/30/13
Cash	$	64,689	$	-
Total Assets	$	64,724	$	-
Total Liabilities	$	42,362	$	13,500
Stockholders' Equity (Deficit)	$	22,362	$	(13,500	)

We have generated no revenues since inception (July 15, 2013), and have incurred $49,838 in expenses through March 31, 2014.

For the Three and Six Months Ended March 31, 2014

	Three Months Ended March 31, 2014			Six Months Ended March 31, 2014
Revenue	$	-		$	-
Operating Expenses:
General and administrative		3,188			3,314
Professional fees		4,476			20,824
Total Operating Expenses		7,664			24,138
Operating loss		(7,664	)		(24,138	)
Other income and expenses		-			-
Net loss	$	(7,664	)	$	(24,138	)

General and administrative expenses relate to our office and general expenses.  Our professional fees relate to fees for legal, accounting, transfer agent and consultants.  Our professional fees were $4,476 for the three months ended March 31, 2014 as compared to $20,824 for the full six months ended March 31, 2014.  We incurred increased professional fees in the first quarter due to a $10,000 payment for consulting fees and increased legal fees for our recent S-1 Registration Statement.

Liquidity and Capital Resources

Working Capital

The following table provides selected financial data about our company as of March 31, 2014 and September 30, 2013.

	March 31, 2014		September 30, 2013
Current Assets	$	64,724	$	-
Current Liabilities	$	42,362	$	13,500
Working Capital (Deficiency)	$	22,362	$	(13,500	)

Our working capital increased as of March 31, 2014 as compared to September 30, 2013 due to closing of our S-1 Registration Statement.

15

Cash Flows

	Six Months Ended March 31,			July 15, 2014 (Inception) Through March 31,
	2014			2014
Cash Flows Used in Operating Activities	$	(26,173	)	$	(36,173	)
Cash Flows Provided by (Used in) Investing Activities	$	-		$	-
Cash Flows Provided by Financing Activities	$	90,862		$	100,862
Net Increase in Cash During Period	$	64,689		$	64,689

Cash Flows from Operating Activities

During the six month period ended March 31, 2014, cash used in operating activities was $26,173. The use in cash used in operating activities was attributed to operating costs due to professional fees for our recent S-1 Registration Statement filing.

Cash Flows from Investing Activities

From inception (July 15, 2013) through March 31, 2014, we did not use any cash for investing activities. 

Cash Flows from Financing Activities

We have financed our operations from the issuance of equity and loans from an officer who is also a director. For the six month period ended March 31, 2014, we generated $90,862 from financing activities.  For the period from inception (July 15, 2013) to March 31, 2014, we generated $100,862 from financing activities through the sale of common stock for $60,000 and $40,862 from an officer of the Company.

To meet our need for cash we raised $60,000 from the sale of 2,400,000 registered shares pursuant to our S-1 Registration Statement filed with the SEC, which became effective on February 13, 2014 and closed on April 1, 2014.

Off-Balance Sheet Arrangements

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 is material to investors.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk.

As a "smaller reporting company", we are not required to provide the information required by this item.

Item 4.  Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

As of March 31, 2014, management assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control--Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") and SEC guidance on conducting such assessments. Based on that evaluation, they concluded that, during the period covered by this report, such internal controls and procedures were not effective to detect the inappropriate application of US GAAP rules as more fully described below. This was due to deficiencies that existed in the design or operation of our internal controls over financial reporting that adversely affected our internal controls and that may be considered to be material weaknesses.

16

The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee, (2) lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (3) inadequate segregation of duties consistent with control objectives; and (4) management is dominated by two individuals without adequate compensating controls. The aforementioned material weaknesses were identified by our Chief Executive and Financial Officer in connection with the review of our financial statements as of March 31, 2014.

Management believes that the material weaknesses set forth above did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.

Changes in Internal Controls

There have been no changes in our internal controls over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities Exchange Act Rule 13a-15 or Rule 15d-15 that occurred in the quarter ended March 31, 2014, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1.  Legal Proceedings.

We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

Item 1A.  Risk Factors.

As a "smaller reporting company", we are 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 Disclosure.

None.

Item 5.  Other Information.

None.

17

Item 6.  Exhibits.

		Incorporated by Reference
Exhibit Number	Exhibit Description	Form	Exhibit	Filing Date
3.1	Articles of Incorporation, as filed with the Nevada Secretary of State.	S-1	3.1	11/12/2013
3.2	By-Laws of Registrant.	S-1	3.2	11/12/2013
31.1*	Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer and Chief Financial Officer.
32.1*	Section 1350 Certification of Chief Executive Officer and Chief Financial Officer.
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.
*Filed herewith. **XBRL Information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

18

SIGNATURES

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

	I IN THE SKY INC.
	(Registrant)
Dated: May 9, 2014	/s/ Michael Staples
	Michael Staples
	President
	(Principal Executive Officer)

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Michael Staples, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of I In The Sky Inc.
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;
	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	(c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	(d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of 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.
	Dated: May 9, 2014 /s/ Michael Staples
	Michael Staples President, Chief Executive Officer and Director (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned, Michael Staples, hereby certifies, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	the quarterly report on Form 10-Q of I In The Sky Inc., for the period ended March 31, 2014, (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 I In The Sky Inc.

Dated:  May 9, 2014

/s/ Michael Staples

Michael Staples

President, Chief Executive Officer, and Director

(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

XML

PROVISION FOR INCOME TAXES (Details 1) (USD $)	Mar. 31, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]
NOL Carryover	$ (49,838)	$ (25,700)
Valuation allowance	49,838	25,700
Net deferred tax asset

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Unaudited Interim Financial Statements

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X.  Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.

In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading.  The results of operations for such interim periods are not necessarily indicative of operations for a full year.

Development Stage Company

The Company is a development stage company as defined by section ASC 915, "Development Stage Entities."  The Company is still devoting substantially all of its efforts to establishing the business, and its planned principal operations have not commenced.  All losses accumulated since inception have been considered as part of the Company's development stage activities.

Basis of Presentation

The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC").  The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value.  The Company had $64,689 and $nil in cash and cash equivalents as of March 31, 2014 and September 30, 2013, respectively.

Net Loss Per Share of Common Stock

The Company has adopted ASC Topic 260, "Earnings per Share," ("EPS") which requires presentation of basic EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation.  In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period.

The following table sets forth the computation of basic earnings per share, for the three and six months ended March 31, 2014:

	Three Months Ended March 31, 2014			Six Months Ended March 31, 2014
Net loss	$	(7,664	)	$	(24,138	)
Weighted average common shares issued and
outstanding (Basic and Diluted)		12,573,579			12,384,707
Net loss per share, Basic and Diluted	$	(0.00	)	$	(0.00	)

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.

Concentrations of Credit Risk

The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables that it will likely incur in the near future.  The Company places its cash and cash equivalents with financial institutions of high credit worthiness.  At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits.  The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.

Financial Instruments

The Company follows ASC 820, "Fair Value Measurements and Disclosures," which 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

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Share-based Expenses

ASC 718 "Compensation – Stock Compensation" prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired.  Transactions include incurring liabilities, or issuing or offering to issue shares, options,  and other equity instruments such as employee stock ownership plans and stock appreciation rights.  Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, "Equity – Based Payments to Non-Employees." Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable:  (a) the goods or services received; or (b) the equity instruments issued.  The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.  

We issued 1,200,000 common shares at $0.001 per share, to consultants, for the period ended September 30, 2013.

Research and Development

The Company does not engage in research and development as defined in ASC Topic 730, "Accounting for Research and Development Costs."

Advertising Costs

The Company follows ASC 720, "Advertising Costs," and expenses costs as incurred.  No advertising costs were incurred for the period ending March 31, 2014.

Related Parties

The Company follows ASC 850, "Related Party Disclosures," for the identification of related parties and disclosure of related party transactions.

Commitments and Contingencies

The Company follows ASC 450-20, "Loss Contingencies," to report accounting for contingencies.  Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.  There were no commitments or contingencies as of March 31, 2014.

Revenue Recognition

The Company will recognize revenue from the sale of products and services in accordance with ASC 605,"Revenue Recognition."  No revenue has been recognized since inception.  However, the Company will recognize revenue only when all of the following criteria have been met:

i) Persuasive evidence for an agreement exists;

ii) Service has been provided;

iii) The fee is fixed or determinable; and,

iv) Collection is reasonably assured.

Recent Accounting Pronouncements

Management has considered all recent accounting pronouncements issued. The Company's management believes that these recent pronouncements will not have a material effect on the Company's consolidated financial statements.

XML

ORGANIZATION AND DESCRIPTION OF BUSINESS

6 Months Ended

Mar. 31, 2014

Organization And Description Of Business [Abstract]

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 -ORGANIZATION AND DESCRIPTION OF BUSINESS

I IN THE SKY INC. (the "Company") is a Nevada corporation incorporated on July 15, 2013.  It is based in Hopkins, MN, USA.  The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, and the Company's fiscal year end is September 30.

The Company is a development stage company that intends to manufacture and market low cost GPS tracking devices and software to businesses and families. To date, the Company's activities have been limited to its formation and the raising of equity capital.

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Interim Balance Sheets (USD $)	Mar. 31, 2014	Sep. 30, 2013
Current Assets
Cash and cash equivalents	$ 64,689
Prepaid expenses	35
Total current assets	64,724
TOTAL ASSETS	64,724
Current Liabilities
Accounts payable and accrued liabilities	1,500	3,500
Note payable - related party	40,862	10,000
Total current liabilities	42,362	13,500
TOTAL LIABILITIES	42,362	13,500
COMMITMENTS AND CONTINGENCIES (NOTE 7)
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, 1,000,000 shares authorized; par value $0.001, none issued and outstanding
Common stock, 74,000,000 shares authorized; par value $0.001, 14,600,000 and 12,200,000 shares issued and outstanding, respectively	14,600	12,200
Additional paid-in capital	57,600
Deficit accumulated during the development stage	(49,838)	(25,700)
Total Stockholders' Equity (Deficit)	22,362	(13,500)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 64,724

XML

Interim Statement of Stockholders' Equity (Parentheticals) (Common Stock, USD $)	3 Months Ended	6 Months Ended
	Sep. 30, 2013	Mar. 31, 2014
Common Stock
Share issued to founders price per share (in dollars per share)	$ 0.001
Share issued for services price per share (in dollars per share)	$ 0.001
Share issued for cash price per share (in dollars per share)		$ 0.025

XML

EQUITY (Detail Textuals) (USD $)	6 Months Ended
	Mar. 31, 2014	Sep. 30, 2013
Stockholders' Equity Note [Abstract]
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	74,000,000	74,000,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Number of votes each common shareholders entitled to provide	one vote

XML

PROVISION FOR INCOME TAXES (Details) (USD $)	6 Months Ended	12 Months Ended
	Mar. 31, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Income tax expense at statutory rate	$ (8,200)	$ (8,700)
Valuation allowance	8,200	8,700
Income tax expense per books

XML

Interim Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (24,138)	$ (49,838)
Adjustments to reconcile net loss to net cash used by operating activities:
Non-cash compensation expense		12,200
Changes in operating activities:
Prepaid expenses	(35)	(35)
Accounts payable and accrued liabilities	(2,000)	1,500
Net cash used in operating activities	(26,173)	(36,173)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in Investing Activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from note payable - related party	52,500	62,500
Net payments to related party	(21,638)	(21,638)
Commons shares issued for cash	60,000	60,000
Net Cash Provided by Financing Activities	90,862	100,862
Net decrease in cash and cash equivalents	64,689	64,689
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period	64,689	64,689
Supplemental Cash Flow Disclosure:
Cash paid for interest
Cash paid for income taxes
Non-cash financing activities:
Common stock issued for services		$ 12,200

XML

Interim Balance Sheets (Parentheticals) (USD $)	Mar. 31, 2014	Sep. 30, 2013
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares authorized	74,000,000	74,000,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares issued	14,600,000	12,200,000
Common stock, shares outstanding	14,600,000	12,200,000

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Summary of computation of basic earnings per share

	Three Months Ended March 31, 2014			Six Months Ended March 31, 2014
Net loss	$	(7,664	)	$	(24,138	)
Weighted average common shares issued and
outstanding (Basic and Diluted)		12,573,579			12,384,707
Net loss per share, Basic and Diluted	$	(0.00	)	$	(0.00	)

XML

Document and Entity Information	6 Months Ended
	Mar. 31, 2014	May 06, 2014
Document And Entity Information Abstract [Abstract]
Entity Registrant Name	I IN THE SKY INC.
Entity Central Index Key	0001590565
Trading Symbol	iits
Current Fiscal Year End Date	--09-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		14,600,000
Document Type	10-Q
Document Period End Date	Mar. 31, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2

XML

PROVISION FOR INCOME TAXES (Tables)

6 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Summary of net loss before provision for income taxes

	March 31, 2014			September 30, 2013
Income tax expense at statutory rate	$	(8,200	)	$	(8,700	)
Valuation allowance		8,200			8,700
Income tax expense per books	$	-		$	-

Summary of components of net deferred tax

	March 31, 2014			September 30, 2013
NOL Carryover	$	(49,838	)	$	(25,700	)
Valuation allowance		49,838			25,700
Net deferred tax asset	$	-		$	-

XML

Interim Statements of Operations (Unaudited) (USD $)	3 Months Ended	6 Months Ended	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014
Income Statement [Abstract]
REVENUE
OPERATING EXPENSES
General and administrative	3,188	3,314	14,314
Professional fees	4,476	20,824	35,524
Total Operating Expenses	7,664	24,138	49,838
Net loss from operations	(7,664)	(24,138)	(49,838)
Other Income and Expense
Provision for income taxes
Net Loss	$ (7,664)	$ (24,138)	$ (49,838)
Basic loss per share (in dollars per share)	$ 0.00	$ 0.00
Weighted average number of shares outstanding (in shares)	12,573,579	12,384,707

XML

PROVISION FOR INCOME TAXES

6 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

PROVISION FOR INCOME TAXES

NOTE 5 -PROVISION FOR INCOME TAXES

The Company provides for income taxes under ASC 740, "Income Taxes." Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. 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.

The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 34% to the net loss before provision for income taxes for the following reasons:

	March 31, 2014			September 30, 2013
Income tax expense at statutory rate	$	(8,200	)	$	(8,700	)
Valuation allowance		8,200			8,700
Income tax expense per books	$	-		$	-

Net deferred tax assets consist of the following components as of:

	March 31, 2014			September 30, 2013
NOL Carryover	$	(49,838	)	$	(25,700	)
Valuation allowance		49,838			25,700
Net deferred tax asset	$	-		$	-

Due to the change in ownership provisions of the Income Tax laws of United States of America, net operating loss carry forwards of approximately $49,838 for federal income tax reporting purposes are subject to annual limitations. When a change in ownership occurs, net operating loss carry forwards may be limited as to use in future years.

XML

EQUITY

6 Months Ended

Mar. 31, 2014

Stockholders' Equity Note [Abstract]

EQUITY

NOTE 4 -   EQUITY

Preferred Stock

The Company has authorized 1,000,000 preferred shares with a par value of $0.001 per share.  The Board of Directors are authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes.

Common Stock

The Company has authorized 74,000,000 common shares with a par value of $0.001 per share.  Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

Since inception (July 15, 2013) to March 31, 2014, the Company has issued a total of 14,600,000 common shares for cash of $60,000 and services of $12,200, as follows:

· On August 12, 2013, the Company issued to its founders 11,000,000 shares of common stock at $0.001 per share for services valued at $11,000.

· On August 29, 2013, the Company issued to consultants 1,200,000 shares of common stock at $0.001 per share for services valued at $1,200.

· During March 2014, the Company issued 2,400,000 shares of common stock at $0.025 per share for cash of $60,000.

XML

EQUITY (Detail Textuals 1) (USD $)	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended	9 Months Ended	0 Months Ended	1 Months Ended	12 Months Ended
	Sep. 30, 2013	Mar. 31, 2014	Sep. 30, 2013 Common Stock	Mar. 31, 2014 Common Stock	Mar. 31, 2014 Common Stock	Aug. 12, 2013 Common Stock Founders	Aug. 29, 2013 Common Stock Consultants	Sep. 30, 2013 Common Stock Consultants
Stockholders' Equity Note [Abstract]
Common stock, shares issued (in shares)	12,200,000	14,600,000
Stockholder Equity [Line Items]
Value of stock issued for cash		$ 60,000		$ 2,400
Shares issued for cash (in shares)				2,400,000
Shares issued for services (in shares)			1,200,000			11,000,000	1,200,000	1,200,000
Value of shares issued for services	$ 1,200		$ 1,200	$ 12,200	$ 12,200	$ 11,000	$ 1,200
Share issued for services price per share (in dollars per share)				$ 0.025		$ 0.001	$ 0.001	$ 0.001

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended		6 Months Ended	9 Months Ended
	Mar. 31, 2014	Sep. 30, 2013	Mar. 31, 2014	Mar. 31, 2014
Accounting Policies [Abstract]
Net loss	$ (7,664)	$ (25,700)	$ (24,138)	$ (49,838)
Weighted average common shares issued and outstanding (Basic and Diluted) (in shares)	12,573,579		12,384,707
Net loss per share, Basic and Diluted (in dollars per share)	$ 0.00		$ 0.00

XML

SUBSEQUENT EVENTS

6 Months Ended

Mar. 31, 2014

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 8 -SUBSEQUENT EVENTS

Management has evaluated subsequent events through the date these financial statements were available to be issued.  Based on our evaluation no events have occurred that require disclosure.

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RELATED PARTY TRANSACTIONS

6 Months Ended

Mar. 31, 2014

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 6 - RELATED PARTY TRANSACTIONS

Equity

On August 12, 2013, the Company issued 11,000,000 shares of its common stock to officers at $0.001 per share for services totaling $11,000.

Note Payable

During the period, an officer and director advanced the Company $30,862 for operating expenses. As of March 31, 2014 and September 30, 2013, the Company was obligated to this director, who is also a stockholder, for this non-interest bearing demand loan with a balance of $40,862 and 10,000, respectively. The Company plans to pay the loan back as cash flows become available.

Other

The controlling shareholder has pledged his support to fund continuing operations during the development stage; however there is no written commitment to this effect.  The Company is dependent upon the continued support.

The officer and director of the Company may be involved in other business activities and may, in the future, become involved in other business opportunities that become available. He may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.

The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder of the Company to use at no charge.

The Company does not have employment contracts with its sole key employee, the controlling shareholder, who is the sole officer and director of the Company.

XML

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Mar. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 7 – COMMITMENTS AND CONTINGENCIES

The Company has no commitments or contingencies as of March 31, 2014.

From time to time the Company may become a party to litigation matters involving claims against the Company.  Management believes that it is adequately insured for its operations and there are no current matters that would have a material effect on the Company's financial position or results of operations.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC").  The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value.  The Company had $64,689 and $nil in cash and cash equivalents as of March 31, 2014 and September 30, 2013, respectively.

Net Loss Per Share of Common Stock

Net Loss Per Share of Common Stock

The Company has adopted ASC Topic 260, "Earnings per Share," ("EPS") which requires presentation of basic EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation.  In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period.

The following table sets forth the computation of basic earnings per share, for the three and six months ended March 31, 2014:

	Three Months Ended March 31, 2014			Six Months Ended March 31, 2014
Net loss	$	(7,664	)	$	(24,138	)
Weighted average common shares issued and
outstanding (Basic and Diluted)		12,573,579			12,384,707
Net loss per share, Basic and Diluted	$	(0.00	)	$	(0.00	)

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.

Concentrations of Credit Risk

Concentrations of Credit Risk

The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables that it will likely incur in the near future.  The Company places its cash and cash equivalents with financial institutions of high credit worthiness.  At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits.  The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.

Financial Instruments

Financial Instruments

The Company follows ASC 820, "Fair Value Measurements and Disclosures," which 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

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Share-based Expenses

Share-based Expenses

ASC 718 "Compensation – Stock Compensation" prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired.  Transactions include incurring liabilities, or issuing or offering to issue shares, options,  and other equity instruments such as employee stock ownership plans and stock appreciation rights.  Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, "Equity – Based Payments to Non-Employees." Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable:  (a) the goods or services received; or (b) the equity instruments issued.  The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.  

We issued 1,200,000 common shares at $0.001 per share, to consultants, for the period ended September 30, 2013.

Research and Development

Research and Development

The Company does not engage in research and development as defined in ASC Topic 730, "Accounting for Research and Development Costs."

Advertising Costs

Advertising Costs

The Company follows ASC 720, "Advertising Costs," and expenses costs as incurred.  No advertising costs were incurred for the period ending March 31, 2014.

Related Parties

Related Parties

The Company follows ASC 850, "Related Party Disclosures," for the identification of related parties and disclosure of related party transactions.

Commitments and Contingencies

Commitments and Contingencies

The Company follows ASC 450-20, "Loss Contingencies," to report accounting for contingencies.  Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.  There were no commitments or contingencies as of March 31, 2014.

Revenue Recognition

Revenue Recognition

The Company will recognize revenue from the sale of products and services in accordance with ASC 605,"Revenue Recognition."  No revenue has been recognized since inception.  However, the Company will recognize revenue only when all of the following criteria have been met:

i) Persuasive evidence for an agreement exists;

ii) Service has been provided;

iii) The fee is fixed or determinable; and,

iv) Collection is reasonably assured.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Management has considered all recent accounting pronouncements issued. The Company's management believes that these recent pronouncements will not have a material effect on the Company's consolidated financial statements.

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GOING CONCERN (Detail Textuals) (USD $)	3 Months Ended	6 Months Ended	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Sep. 30, 2013
Going Concern [Abstract]
Loss from operations	$ (7,664)	$ (24,138)	$ (49,838)
Accumulated deficit	$ (49,838)	$ (49,838)	$ (49,838)	$ (25,700)

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PROVISION FOR INCOME TAXES (Detail Textuals) (USD $)	6 Months Ended	12 Months Ended
	Mar. 31, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Federal income tax rate	34.00%	34.00%
Net operating loss carry forwards	$ (49,838)	$ (25,700)

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Interim Statement of Stockholders' Equity (USD $)	Common Stock	Additional Paid in Capital	Deficit Accumulated During the Development Stage	Total
Balance at Jul. 15, 2013
Balance (in shares) at Jul. 15, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Founders' shares issued at $0.001 per share	11,000			11,000
Founders' shares issued at $0.001 per share (in shares)	11,000,000
Shares issued for services at $0.001 per share	1,200			1,200
Shares issued for services at $0.001 per share (in shares)	1,200,000
Net loss			(25,700)	(25,700)
Balance at Sep. 30, 2013	12,200		(25,700)	(13,500)
Balance (in shares) at Sep. 30, 2013	12,200,000			12,200,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for cash at $0.025 per share	2,400	57,600		60,000
Shares issued for cash at $0.025 per share (in shares)	2,400,000
Net loss			(24,138)	(24,138)
Balance at Mar. 31, 2014	$ 14,600	$ 57,600	$ (49,838)	$ 22,362
Balance (in shares) at Mar. 31, 2014	14,600,000			14,600,000

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GOING CONCERN

6 Months Ended

Mar. 31, 2014

Going Concern [Abstract]

GOING CONCERN

NOTE 3 -GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business.  As of March 31, 2014, the Company has a loss from operations of $24,138 an accumulated deficit of $49,838 and has earned no revenues since inception.  The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending September 30, 2014.

The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan.  In response to these problems, management intends to raise additional funds through public or private placement offerings.

These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern.  The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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RELATED PARTY TRANSACTIONS (Detail Textuals) (USD $)	3 Months Ended	6 Months Ended	9 Months Ended	3 Months Ended		6 Months Ended	9 Months Ended	0 Months Ended	1 Months Ended
	Sep. 30, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014 Officer and director	Sep. 30, 2013 Common Stock	Mar. 31, 2014 Common Stock	Mar. 31, 2014 Common Stock	Aug. 12, 2013 Common Stock Officers	Aug. 29, 2013 Common Stock Officers
Related Party Transaction [Line Items]
Shares issued for services (in shares)					1,200,000			11,000,000	1,200,000
Value of shares issued for services	$ 1,200				$ 1,200	$ 12,200	$ 12,200	$ 11,000	$ 1,200
Share issued for services to officer price per share (in dollars per share)						$ 0.025		$ 0.001	$ 0.001
Proceeds from note payable - related party		52,500	62,500	30,862
Note payable - related party	$ 10,000	$ 40,862	$ 40,862

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) (USD $)			3 Months Ended	6 Months Ended	1 Months Ended	12 Months Ended
	Mar. 31, 2014	Sep. 30, 2013	Sep. 30, 2013 Common Stock	Mar. 31, 2014 Common Stock	Aug. 29, 2013 Common Stock Consultants	Sep. 30, 2013 Common Stock Consultants
Accounting Policies [Abstract]
Cash and cash equivalents	$ 64,689
Summary Of Significant Accounting Policies [Line Items]
Shares issued for services (in shares)			1,200,000		1,200,000	1,200,000
Share issued to consultant price per share (in dollars per share)				$ 0.025	$ 0.001	$ 0.001