XBRL Rendering Preview
Document and Entity Information
3 Months Ended
Mar. 31, 2012
Document And Entity Information  
Entity Registrant Name EMPIRE GLOBAL CORP.
Entity Central Index Key 0001080319
Document Type 10-Q
Document Period End Date Mar. 31, 2012
Amendment Flag false
Current Fiscal Year End Date --12-31
Is Entity a Well-known Seasoned Issuer? No
Is Entity a Voluntary Filer? No
Is Entity's Reporting Status Current? Yes
Entity Filer Category Smaller Reporting Company
Entity Common Stock, Shares Outstanding 18,675,800dei_EntityCommonStockSharesOutstanding
Document Fiscal Period Focus Q1
Document Fiscal Year Focus 2012
Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current Assets    
Total Assets $ 0us-gaap_Assets $ 0us-gaap_Assets
Current Liabilities    
Accounts expenses 1,500us-gaap_AccruedLiabilitiesCurrent   
Advances from stockholders 150,378us-gaap_DueToRelatedPartiesCurrent 150,000us-gaap_DueToRelatedPartiesCurrent
Total Current Liabilities 151,878us-gaap_LiabilitiesCurrent 150,000us-gaap_LiabilitiesCurrent
Commitments and Contingencies      
Stockholders Deficiency    
Preferred Stock, $0.0001 par value, 20,000,000 shares authorized, none issued      
Capital Stock, $0.0001 par value, 80,000,000 shares authorized; 18,675,800 shares issued and outstanding, 1,868us-gaap_CommonStockValue 1,868us-gaap_CommonStockValue
Additional paid-in capital 4,910,879us-gaap_AdditionalPaidInCapital 4,909,002us-gaap_AdditionalPaidInCapital
Deficit accumulated during the development stage (106,345)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (102,590)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Accumulated Deficit (4,958,280)us-gaap_RetainedEarningsAccumulatedDeficit (4,958,280)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Deficiency (151,878)us-gaap_StockholdersEquity (150,000)us-gaap_StockholdersEquity
Total Liabilities and Stockholder' Equity $ 0us-gaap_LiabilitiesAndStockholdersEquity $ 0us-gaap_LiabilitiesAndStockholdersEquity
Balance Sheets (Parenthetical) (USD $)
Mar. 31, 2012
Dec. 31, 2011
Preferred stock - par value $ 0.0001us-gaap_PreferredStockParOrStatedValuePerShare $ 0.0001us-gaap_PreferredStockParOrStatedValuePerShare
Preferred stock - authorized 20,000,000us-gaap_PreferredStockSharesAuthorized 20,000,000us-gaap_PreferredStockSharesAuthorized
Preferred stock - issued      
Capital stock - par value $ 0.0001us-gaap_CommonStockParOrStatedValuePerShare $ 0.0001us-gaap_CommonStockParOrStatedValuePerShare
Capital stock - authorized 80,000,000us-gaap_CommonStockSharesAuthorized 80,000,000us-gaap_CommonStockSharesAuthorized
Capital stock - issued 18,675,800us-gaap_CommonStockSharesIssued 18,675,800us-gaap_CommonStockSharesIssued
Statements of Operations (USD $)
3 Months Ended 27 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Income Statement [Abstract]      
General and administrative expenses 1,878us-gaap_GeneralAndAdministrativeExpense 427us-gaap_GeneralAndAdministrativeExpense 97,921us-gaap_GeneralAndAdministrativeExpense
Interest expense - stockholders 1,877us-gaap_InterestExpenseRelatedParty    8,424us-gaap_InterestExpenseRelatedParty
Loss from continuing operations (3,755)us-gaap_IncomeLossFromContinuingOperations (427)us-gaap_IncomeLossFromContinuingOperations (106,345)us-gaap_IncomeLossFromContinuingOperations
Discontinued operation: Loss on disposal of discontinued operations       (6,458)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Net Loss $ (3,755)us-gaap_NetIncomeLoss $ (427)us-gaap_NetIncomeLoss $ (112,803)us-gaap_NetIncomeLoss
Basic and fully diluted loss per share $ 0.00us-gaap_EarningsPerShareBasicAndDiluted $ 0.00us-gaap_EarningsPerShareBasicAndDiluted  
Basic and fully diluted weighted average number of shares 18,675,800us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 18,675,800us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted  
Statements of Cash Flows (USD $)
3 Months Ended 27 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Cash Flows from Operating Activities      
Net loss from continuing operations $ (3,755)us-gaap_IncomeLossFromContinuingOperations $ (427)us-gaap_IncomeLossFromContinuingOperations $ (106,345)us-gaap_IncomeLossFromContinuingOperations
Net loss from discontinued operations       (6,458)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Net loss (3,755)us-gaap_NetIncomeLoss (427)us-gaap_NetIncomeLoss (112,803)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation    147us-gaap_DepreciationDepletionAndAmortization 879us-gaap_DepreciationDepletionAndAmortization
Accrued expenses 1,500us-gaap_IncreaseDecreaseInAccruedLiabilities    1,500us-gaap_IncreaseDecreaseInAccruedLiabilities
Imputed interest 1,877us-gaap_InterestExpenseRelatedParty    8,424us-gaap_InterestExpenseRelatedParty
Disposal of equipment       2,785us-gaap_AssetImpairmentCharges
Loss on disposal of discontinued operations       6,458us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Changes in operating assets and liabilities      
Net cash used in operating activities (378)us-gaap_NetCashProvidedByUsedInOperatingActivities (280)us-gaap_NetCashProvidedByUsedInOperatingActivities (92,757)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Financing Activities      
Advances from stockholders 378us-gaap_ProceedsFromRelatedPartyDebt 280us-gaap_ProceedsFromRelatedPartyDebt 92,757us-gaap_ProceedsFromRelatedPartyDebt
Net cash provided by financing activities 378us-gaap_NetCashProvidedByUsedInFinancingActivities 280us-gaap_NetCashProvidedByUsedInFinancingActivities 92,757us-gaap_NetCashProvidedByUsedInFinancingActivities
Net (decrease) increase in cash         
Cash - beginning of period         
Cash - end of period         
Supplemental disclosure of cash flow information:      
Cash paid during the year for: Interest         
Cash paid during the year for: Income taxes         
Nature of Business and operations
3 Months Ended
Mar. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature of Business and operations

1. Nature of Business and Basis of Presentation

The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the requirements of Regulation S-X of the Securities and Exchange Commission (the "SEC"). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the rules and regulations of the SEC. The unaudited interim financial statements reflect all adjustments (consisting only of normal recurring adjustments), which, in the opinion of management, are necessary for a fair presentation of the financial position and results of operations for the periods presented. There have been no significant changes in accounting policies since December 31, 2011. The results of operations for the periods are not indicative of the results expected for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the annual consolidated financial statements and notes for the year ended December 31, 2011. The functional currency used by the Company is the US dollar.

Empire Global Corp. ("Empire" or "the Company") was incorporated in the state of Delaware on August 26, 1998 as Pender International Inc. and maintains its principal executive office headquartered in Canada. On September 30, 2005 contemporaneously with a change in management and business plan changed its name
to Empire Global Corp.

Going Concern
3 Months Ended
Mar. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

2. Going Concern

These unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") with the assumption that the Company will be able to realize its assets and discharge its liabilities in the normal course of business.

The Company generated no revenue and has incurred losses since inception. Continuation as a going concern is uncertain and dependant upon obtaining additional sources of financing to sustain its existence and achieving future profitable operations, the outcome of which cannot be predicted at this time. In the event the Company cannot obtain the necessary funds, it will be unlikely that it will be able to continue as a going concern. Management plans to mitigate its losses in future years by significantly reducing its operating expenses and seeking out new business opportunities. However, there is no assurance that the Company will be able to obtain additional financing, reduce their operating expenses or be successful in locating or acquiring a viable business.

The accompanying unaudited financial statements do not include any adjustments that might become necessary should the Company be unable to continue as a going concern.

Summary of Significant Accounting Policies
3 Months Ended
Mar. 31, 2012
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

3. Summary of Significant Accounting Policies

The Company's significant accounting policies and recent accounting pronouncements are included in the Company's form 10-K dated and filed on October 10, 2012 for the fiscal year ended December 31, 2011. A summary of critical accounting policies are described below.

a) Use of Estimates

In preparing the Company's financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.

Significant estimates made by management are, among others, realizability of long-lived assets, and deferred taxes. Management reviews its estimates on a quarterly basis and, where necessary, makes adjustments prospectively.

b) Income Taxes

The Company accounts for income taxes pursuant to the provisions of ASC 740-10 "Accounting for Income Taxes," which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.

c) Fair Value of Financial Instruments

The carrying value of the Company's accounts payable and accrued charges, and advances from shareholder approximate fair value because of the short term maturity of these financial instruments.

d) Earnings Per Share

FASB ASC 260, "Earnings Per Share" provides for calculation of "basic" and "diluted" earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. Basic and diluted loss per share were the same, at the reporting dates, as there were no common stock equivalents outstanding.

e) Recent Accounting Pronouncements

In the quarter ending March 31, 2012, there were no new accounting pronouncements issued by the Financial Accounting Standards Board ("FASB") that are expected to have a material impact on the consolidated financial statements upon adoption.

Advances from Stockholders
3 Months Ended
Mar. 31, 2012
Related Party Transactions [Abstract]  
Advances from Stockholders

4. Advances from stockholders

Advances from stockholders are non-interest bearing and are due on demand. Interest was imputed at 5% per annum. The Company recorded an interest expense of $6,547 for the year ended December 31, 2011 and $1,877 for the three months ending March 31, 2012. Advances from stockholders as of March 31, 2012 and
December 31, 2011 are as follows:


   March 31,  December 31,
   2012  2011
Braydon Capital Corp.  $31,314   $31,314 
Gold Street Capital   119,064    118,686 
Total advances from related parties:  $150,378   $150,000 
Commitments and Contingencies
3 Months Ended
Mar. 31, 2012
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

5. Commitments and Contingencies

The Company may be subject to claims arising in the ordinary course of business. The Company was subject to indirect proceedings involving our current Chairman and Principal Executive Officer which were concluded in May 2011. As a result of the conclusion of these matters, the Company and our Chairman and Executive Officer are no longer subject to legal proceedings.

Subsequent Events
3 Months Ended
Mar. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events

6. Subsequent Events

The Company has evaluated subsequent events through the filing date of this quarterly report on form 10-Q for the period ended March 31, and has disclosed such items in this note as follows.

On December 9, 2011, the Company entered into a Stock Purchase and Share Exchange Agreement (the "Agreement") to acquire Avontrust Global Pte. Ltd. ("AVT"), a Singapore company with its head office and operations in Singapore. On July 2, 2012, prior to the closing of the agreement, the Company and AVT determined that the Agreement was no longer in the best interests of their respective shareholders and therefore entered into a Mutual Termination Agreement as report on Form 8-K filed July 10, 2012.