Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2013
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of Kinbasha, Kinbasha Japan, Kanto Kinbasha Co., Ltd., a wholly owned subsidiary of Kinbasha Japan, and Kinbasha Hall Operations, LLP and Kinbasha Toride Store Hall Operations, LLP, more than 99% owned subsidiaries of Kinbasha Japan. All inter-company transactions have been eliminated in consolidation. Reverse Stock-Split The Company affected a one-for-twelve reverse stock split of its common stock on March 13, 2012. All impacted amounts included in the consolidated financial statements and notes thereto have been retroactively adjusted for the stock split. Impacted amounts include shares of common stock authorized and outstanding, share issuances and loss per share. Reverse Recapitalization For financial reporting purposes, Kinbasha Japan has been treated as the "acquirer" in the reverse recapitalization completed on the Closing Date. Accordingly, the assets and liabilities of Kinbasha Japan are reported at their historical cost and the assets and liabilities of Gunslinger were recorded at their historical cost basis. The consolidated financial statements reported herein have been retroactively restated for all periods presented to report the historical financial position, results of operations and cash flows of Kinbasha Japan. The 1,478,774 shares of common stock retained by the Gunslinger shareholders were reported as issued on the Closing Date and valued at the historical cost basis of Gunslinger. Liquidity The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred a net loss during fiscal year 2012, and as of March 31, 2013 and 2012, had working capital and shareholders' deficits. Starting in 2006, the Company had begun experiencing financial problems, which has caused it to become delinquent in repayment of a large portion of its debt. The Company does not have the financial resources or liquidity to repay the debt that is in default. Most of this debt has been in default for up to seven years. During this period, the Company had worked with its lenders and in many cases has obtained forbearances and loan modifications that have allowed it to effectively extend the maturity of its debt through interest only and/or reduced principal payments, generally negotiated on a six month or annual basis. Lenders with whom the Company has not negotiated forbearances or loan modifications have accepted lower payments without bringing legal action or foreclosing on their security. The Company's future success will depend in part upon its ability to renegotiate a substantial part of its defaulted debt or refinance the debt on more favorable terms. The Company will seek to obtain forgiveness of some amount of principal and interest (including default interest) and/or the material extension of the maturity dates of the debt. For example, in February 2012, the Company restructured a loan in the amount of $6.5 million (including principal, accrued interest and default interest) to provide that if it made 12 monthly payments of $12 thousand and a final payment of $840 thousand in February 2013, the balance of the debt of approximately $5.2 million would be forgiven and the Company made such payments and the balance was forgiven. In 2009, the Japanese government imposed a moratorium on lenders regarding loans to homeowners and small to medium sized businesses. Lenders were encouraged, but not obligated, to agree to loan modifications to extend maturity dates, reduce payments and forgive portions of the loan. This moratorium expired on March 31, 2013. Although the Japanese government asked financial institutions to continue as if the moratorium remained in effect, it is possible that some of our lenders may have been dissuaded from more aggressive collection efforts by the moratorium, and may bring litigation or foreclosure actions. Assuming the Company's lenders continue to accepts payments at levels comparable to the payment levels during the past several years and do not initiate other collection or foreclosure actions, and assuming there is no material adverse change in the pachinko industry generally, the Company believes its business will generate sufficient cash from operations to pay its expenses when due for the next twelve months. The Company's net gaming revenues, when expressed in yen, increased by 12.5% for the year ended March 31, 2013 from the year ended March 31, 2012. Net gaming revenues increased as a result of an increase in wagers with a moderate decrease in pay-outs. This increase, together with our cost reduction measures, resulted in net income of approximately $3.3 million excluding the $3.0 million gain from the change in accounting estimate for employee retirement benefits and the $5.2 million gain on forgiveness of debt. However, at current levels, the Company is not generating sufficient cash flows to make any substantial reduction in its outstanding debt. The Company will attempt to renegotiate a substantial part of our debt to obtain the forgiveness of some amount of principal and accrued interest (including default interest) and/or the material extension of the maturity dates of the debt. Some of our larger lenders have in the past year assigned their loans to third parties, and we do not have enough experience with them to understand how they may seek to collect the loans or their willingness to work out debt settlement. The Company can provide no assurance that our lenders will agree to any of these changes or will not seek to collect their loans through litigation or foreclose actions. There are no assurances that management will be successful in achieving sufficient cash flows to fund the Company's working capital needs, or whether the Company will be able to refinance or renegotiate its obligations when they become due or raise additional capital through future debt or equity. These factors raise substantial doubt about the Company's ability to continue as a going concern. No adjustments have been made to the carrying value of assets or liabilities as a result of this uncertainty 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 amounts reported in the consolidated financial statements and accompanying notes. Critical estimates include the assumptions used in calculating share-based compensation expense, the useful lives of fixed assets, the fair value of financial instruments, calculation of penalties and interest on past due obligations, and the calculation of tax provision and the valuation allowance for deferred tax assets. Actual results could differ from those estimates. Cash and equivalents The Company considers all highly liquid debt instruments with maturities of three months or less at the time acquired to be cash equivalents. Cash equivalents represent short-term investments consisting of investment-grade corporate and government obligations, carried at cost, which approximates market value. As of March 31, 2013 and 2012, the Company had no cash equivalents. Credit Risk Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash. The Company primarily places its cash with high-credit quality financial institutions. The Company's cash deposits, of up to 10,000,000 yen (approximately $106,000 at March 31, 2013) are insured by the Japanese Government. From time-to-time the Company has deposits in excess of the insured amounts. Inventories Inventories consist of gaming prizes, food and beverages and are stated at cost. Investment in equity securities Available-for-sale securities The Company's investments in equity securities, which are classified as available-for-sale, are carried at fair value for publically traded investments or historical cost basis for privately held investments. Unrealized gains and losses, net of tax, are reported in other comprehensive income. Gains and losses are reported in the consolidated statements of operations when realized, determined based on the disposition of specifically identified investments, using the first-in, first-out method. Investments identified by the Company as being potentially impaired are subject to further analysis to determine if the impairment is other than temporary. Other than temporary declines in market value from original cost are charged to investment and other income, net, in the period in which the loss occurs. In determining whether investment holdings are other than temporarily impaired, the Company considers the nature, cause, severity and duration of the impairment. Property and Equipment Property and equipment are carried at cost, less accumulated depreciation and amortization. Depreciation commences at the time assets are placed in service. The Company calculates depreciation using the straight-line method over the estimated useful lives of the assets ranging from one to twenty-five years. The Company leases land and certain equipment used in its operations. Some land leases have definite terms specified under the agreements, which are generally 20 years, and some leases have no specified term or no written contract, whereby the lessee has rights to use the land indefinitely, so long as rental payments are made timely. All land leases are accounted for as operating leases. Equipment leases generally have terms of five to eight years, which generally represent the useful life of the assets. Accordingly, all significant leases are accounted for as capital leases. Buildings and improvements on leased land are generally amortized over the term of lease of 20 years, unless the useful life of the assets is less. Buildings and improvements on leased land where there is no specified term are generally depreciated over the estimated useful life of the asset. Impairment of Long-lived Assets The Company reviews its long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the undiscounted future cash flows generated from the asset group to the recorded value of the asset group. If an impairment is indicated, the asset is written down to its estimated fair value. There were no such impairments for the years ended March 31, 2013 and 2012. Fair Value of Financial Instruments At March 31, 2013 and 2012, the carrying value of the Company's financial instruments such as prepaid expenses and payables approximated their fair values based on the short-term maturities of these instruments. The carrying value of other long-term liabilities approximated their fair values because the underlying interest rates approximate market rates at the balance sheet dates. Management believes that due to the Company's current credit worthiness, the fair value of long-term debt could be less than the book value; however, due to current market conditions and available information, the fair value of such debt is not readily determinable. Financial Accounting Standard Board ("FASB") ASC Topic 820 established a hierarchical disclosure framework associated with the level of pricing observability utilized in measuring fair value. This framework defined three levels of inputs to the fair value measurement process and requires that each fair value measurement be assigned to a level corresponding to the lowest level input that is significant to the fair value measurement in its entirety. The three broad levels of inputs defined by FASB ASC Topic 820 hierarchy are as follows: Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date; Level 2 - inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability; and Level 3 - unobservable inputs for the asset or liability. These unobservable inputs reflect the entity's own assumptions about the assumptions that market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances (which might include the reporting entity's own data). The Company's financial assets reported at fair value in the accompanying consolidated balance sheets, as of March 31, 2013 and 2012 were immaterial. Revenue Recognition Revenues from pachinko and pachislo games represent the gross pay-ins from customers less payouts to customers. Revenues are recorded when cash is received for game balls (pachinko) or game tokens (pachislo) rented to customers. Payouts are recorded when customers exchange winning balls and tokens for prizes. The Company reduces net revenues and records a liability for any winning balls or tokens not exchanged for prizes but deposited for replay at the end of day. Other revenues for food and beverage are recognized at the time of sale. Advertising Costs The costs of advertising are charged to expense as incurred. The Company incurred advertising costs of approximately $1.9 million and $1.9 million during the years ended March 31, 2013 and 2012, respectively. Stock-Based Compensation The Company measures stock-based compensation cost at the grant date based on the fair value of the award and recognizes it as expense, net of estimated forfeitures, over the vesting or service period, as applicable, of the stock award using the straight-line method. Because the Company's common stock is thinly traded, the Company has made estimates of the fair value of the common stock based not only on market prices but other factors such as financial condition and results of operations. Calculation of Default Interest Most of the Company's debt provides for penalties or default interest upon default, generally at 14% per annum.The Company makes estimates of the amount of penalties or default interest based on our interpretation of the underlying debt agreement as to when the penalty or default rate commences and the amount on which the penalty or default rate applies. The Company's interpretation may be materially different from the interpretation of its lenders, and if the lenders' interpretation is finally determined to be correct, the Company could be required to record additional penalties and default interest. Foreign Currency Translation and Transaction Gains and Losses The Company records foreign currency translation adjustments and transaction gains and losses in accordance with ASC 830, Foreign Currency Matters. The functional currency of the Company's subsidiaries is the Japanese yen. Gains and losses resulting from the translation of the functional currency into United States dollars for the consolidated financial statement presentation are not included in determining net loss, but are accumulated in the cumulative foreign currency translation adjustment account as a separate component of shareholders' deficit, and are presented as a component of consolidated comprehensive income (loss) for the years ended March 31, 2013 and 2012. Transaction gains and losses, if any, in foreign currencies are reflected in operations. During the years ended March 31, 2013 and 2012, no foreign currency transaction gains or losses were experienced. The year-end exchange rate was 94.16 yen to 1 dollar and the average rate was 82.98 yen to 1 dollar for fiscal year 2013. The year-end exchange rate was 82.27 yen to 1 dollar and the average rate was 78.97 yen to 1 dollar for fiscal year 2012; Income Taxes The Company records a tax provision for the anticipated tax consequences of its reported results of operations. The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and income tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. The Company records a valuation allowance to reduce deferred tax assets to the amount that is more likely than not to be realized. As of March 31, 2013 and 2012, the earnings of the Japanese subsidiaries have yielded cumulative losses. Should the foreign subsidiaries generate future cumulative undistributed earnings, withholding and U.S. taxes will not be provided on such amounts as the Company intends to permanently reinvest these earnings in its foreign subsidiaries. The Company has adopted ASC Topic 740, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. ASC Topic 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition of tax benefits, classification on the balance sheet, interest and penalties, accounting in interim periods, disclosure and transition. The Company has determined that the adoption did not result in the recognition of any liability for unrecognized tax benefits and that there are no unrecognized tax benefits that would, if recognized, affect the Company's effective tax rate. Based on the Company's review of its tax positions as of March 31, 2013 and 2012, no uncertain tax positions have been identified. The Company has elected to include interest and penalties related to uncertain tax positions as a component of income tax expense. To date, no penalties or interest has been accrued. Tax years 2009 forward are open and subject to examination by the U.S. taxing authorities. In Japan, tax years beginning 2005 forward are open and subject to examination. The Company is not currently under examination and it has not been notified of a pending examination. Net Income (Loss) per Share Basic net income (loss) per share is calculated based on the net income (loss) attributable to common shareholders divided by the weighted average number of shares outstanding for the period excluding any dilutive effects of options, warrants, unvested share awards and convertible securities. Diluted net income (loss) per common share assumes the conversion of all dilutive securities using the if-converted method, and assumes the exercise or vesting of other dilutive securities, such as options, warrants and restricted stock using the treasury stock method. For the years ended March 31, 2013 and 2012 the Company did not have dilutive securities. Comprehensive Income (Loss) Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources, including foreign currency translation adjustments and unrealized gains and losses on marketable securities. Reclassification Certain 2012 amounts have been reclassified, so the balance would be comparable with corresponding 2013 balances. Recently Issued Accounting Pronouncements Not Yet Adopted In February 2013, the FASB issued new guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for certain obligations addressed within existing guidance in U.S. GAAP. Specifically, the new guidance requires an entity to measure these obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. Additionally, the guidance requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations within the footnotes to its financial statements. Currently no such recognition, measurement, and disclosure requirement exists under U.S. GAAP. The accounting guidance is effective for the Company for fiscal 2014. The Company is evaluating the effect that adoption of this guidance will have on its consolidated financial statements. In February 2013, the FASB issued additional guidance on the presentation of items reclassified out of accumulated other comprehensive income. The standard does not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the guidance does require an entity to provide enhanced disclosures to present separately by component reclassifications out of accumulated other comprehensive income. The accounting guidance is effective for us for fiscal 2014. The adoption of this guidance will not have a material impact on the Company's consolidated financial statements. In December 2011, the FASB issued accounting guidance on the disclosure about offsetting assets and liabilities. The disclosure requirements of this guidance are intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company's financial position. Offsetting, otherwise known as netting, is the presentation of assets and liabilities as a single net amount in the balance sheet. The guidance retains the current U.S. GAAP model that allows companies the option to present net in their balance sheets derivatives that are subject to a legally enforceable netting arrangement with the same party, where rights of set-off are available, including in the event of default or bankruptcy. However, the guidance adds new disclosure requirements to improve transparency in the reporting of how companies mitigate credit risk, including disclosure of related collateral pledged or received. In January 2013, the FASB further clarified that the scope of this guidance applies only to derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions. The accounting guidance is effective for the Company on April 1, 2013. The adoption of this guidance will not have a material impact on the Company's consolidated financial statements. The Company does not believe that any other recently issued, but not yet effective accounting standards, when adopted, will have a material effect on the accompanying financial statements.

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Kinbasha Gaming International, Inc. 10-K