Penola Inc.

CIK:0001524774|SEC Filings

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative) (USD $)	9 Months Ended
	Nov. 30, 2014	Feb. 28, 2014
Nature Of Operations And Basis Of Presentation Details Narrative
Company incorporated date	May 07, 2010
Company incorporated state	State of Nevada
Accumulated deficit	$ 96,318	$ 81,574

STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended		55 Months Ended
STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	Nov. 30, 2014	Nov. 30, 2013	Nov. 30, 2014
Cash Flows From Operating Activities
Net loss	$ (14,745)us-gaap_NetIncomeLoss	$ (15,818)us-gaap_NetIncomeLoss	$ (96,317)us-gaap_NetIncomeLoss
Impairment of mining costs			7,703PNLA_ImpairmentOfMiningCosts
Imputed interest expense	3,318us-gaap_InterestExpenseDebt	2,206us-gaap_InterestExpenseDebt	7,965us-gaap_InterestExpenseDebt
Net change in non-cash working capital balances:
Accounts payable and accruals	(997)	(625)
Net cash provided by (used in) operations	(12,424)	(14,237)	(80,649)
Cash Flows from Investing Activities
Mineral property option			(7,703)PNLA_MineralPropertyOption
Net cash used in investing activities			(7,703)
Cash Flows From Financing Activities
Capital stock issued			31,000
Due to related party	16,200	3,821	62,464
Net cash provided by financing activities	16,200	3,821	93,464
Increase (Decrease) In Cash	3,776	(10,416)	5,112
Cash, beginning	1,336us-gaap_Cash	10,740us-gaap_Cash
Cash, ending	5,112us-gaap_Cash	324us-gaap_Cash	5,112us-gaap_Cash
Supplementary Cash Flow Information
Cash Paid for Interest
Cash paid for Income taxes

BALANCE SHEETS (USD $)	Nov. 30, 2014	Feb. 28, 2014
Current
Cash	$ 5,112us-gaap_Cash	$ 1,336us-gaap_Cash
TOTAL ASSETS	5,112us-gaap_Assets	1,336us-gaap_Assets
Current
Accounts payable and accrued liabilities		997
Due to related party	62,464us-gaap_DueToRelatedPartiesCurrent	46,265us-gaap_DueToRelatedPartiesCurrent
TOTAL LIABILITIES	62,464us-gaap_Liabilities	47,262us-gaap_Liabilities
STOCKHOLDERS' DEFICIT
Authorized: 75,000,000 common shares With a par value of $0.001 Issued and Outstanding: 3,160,000 common shares (April 14, 2015 94,800,000)	3,160us-gaap_CommonStockValue	3,160us-gaap_CommonStockValue
Additional paid up capital	35,806	32,488
Deficit accumulated during the exploration stage	(96,318)	(81,574)
TOTAL STOCKHOLDERS' DEFICIT	(57,352)us-gaap_StockholdersEquity	(45,926)us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 5,112	$ 1,336