Cover
Cover - shares | 9 Months Ended | |
Sep. 30, 2019 | Jun. 23, 2020 | |
Cover [Abstract] | ||
Entity Registrant Name | NOVA STAR INNOVATIONS INC | |
Entity Central Index Key | 0001160945 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Small Business | true | |
Entity Shell Company | true | |
Entity Emerging Growth Company | true | |
Entity Current Reporting Status | No | |
Document Period End Date | Sep. 30, 2019 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2019 | |
Entity Ex Transition Period | false | |
Entity Common Stock Shares Outstanding | 18,000,000 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Interactive Data Current | No |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
CURRENT ASSETS | ||
Cash | $ 315 | $ 115 |
Total current assets | 315 | 115 |
TOTAL ASSETS | 315 | 115 |
CURRENT LIABILITIES | ||
Accounts payable - related party | 11,100 | 6,600 |
Accounts payable | 2,800 | 1,300 |
Notes payable - related party | 122,850 | 121,350 |
Notes payable | 89,176 | 85,176 |
Accrued interest - related party | 48,650 | 41,320 |
Accrued interest | 47,136 | 41,914 |
Total current liabilities | 321,712 | 297,660 |
Total liabilities | 321,712 | 297,660 |
STOCKHOLDERS' DEFICIT | ||
Common stock, $.001 par value; 20,000,000 shares authorized; 18,000,000 shares issued and outstanding | 18,000 | 18,000 |
Additional paid-in capital | 9,000 | 9,000 |
Accumulated deficit | (348,397) | (324,545) |
Total stockholders' deficit | (321,397) | (297,545) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 315 | $ 115 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2019 | Dec. 31, 2018 |
STOCKHOLDERS' DEFICIT | ||
Common stock, shares par value | $ .001 | $ .001 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 18,000,000 | 18,000,000 |
Common stock, shares outstanding | 18,000,000 | 18,000,000 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Condensed Statements of Operations (Unaudited) | ||||
Revenues | $ 0 | $ 0 | $ 0 | $ 0 |
Expenses | ||||
General and administrative | 2,900 | 2,800 | 11,300 | 11,335 |
Total expenses | 2,900 | 2,800 | 11,300 | 11,335 |
Net loss before other expenses | (2,900) | (2,800) | (11,300) | (11,335) |
Other income (expense) | ||||
Interest expense - related party | (2,457) | (2,267) | (7,330) | (5,984) |
Interest expense | (1,783) | (1,704) | (5,222) | (4,986) |
Total other income (expense) | (4,240) | (3,971) | (12,552) | (10,970) |
Loss from operations before income taxes | (7,140) | (6,771) | (23,852) | (22,305) |
Income taxes | 0 | 0 | 0 | 0 |
Net loss | $ (7,140) | $ (6,771) | $ (23,852) | $ (22,305) |
Basic and diluted net loss per share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average shares outstanding | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 |
Statements of Stockholders Defi
Statements of Stockholders Deficit (Unaudited) - USD ($) | Total | Common Stock | Additional Paid-in Capital | Accumulated Deficit |
Balance, shares at Dec. 31, 2017 | 18,000,000 | |||
Balance, amount at Dec. 31, 2017 | $ (267,734) | $ 18,000 | $ 9,000 | $ (294,734) |
Net loss | (9,487) | $ 0 | 0 | (9,487) |
Balance, shares at Mar. 31, 2018 | 18,000,000 | |||
Balance, amount at Mar. 31, 2018 | (277,221) | $ 18,000 | 9,000 | (304,221) |
Net loss | (6,754) | $ 0 | 0 | (6,754) |
Balance, shares at Jun. 30, 2018 | 18,000,000 | |||
Balance, amount at Jun. 30, 2018 | (283,975) | $ 18,000 | 9,000 | (310,975) |
Net loss | (6,645) | $ 0 | 0 | (6,645) |
Balance, shares at Sep. 30, 2018 | 18,000,000 | |||
Balance, amount at Sep. 30, 2018 | (290,746) | $ 18,000 | 9,000 | (317,746) |
Balance, shares at Dec. 31, 2018 | 18,000,000 | |||
Balance, amount at Dec. 31, 2018 | (297,545) | $ 18,000 | 9,000 | (324,545) |
Net loss | (9,620) | $ 0 | 0 | (9,620) |
Balance, shares at Mar. 31, 2019 | 18,000,000 | |||
Balance, amount at Mar. 31, 2019 | (307,165) | $ 18,000 | 9,000 | (334,165) |
Net loss | (7,092) | $ 0 | 0 | (7,092) |
Balance, shares at Jun. 30, 2019 | 18,000,000 | |||
Balance, amount at Jun. 30, 2019 | (314,257) | $ 18,000 | 9,000 | (341,257) |
Net loss | (7,140) | $ 0 | 0 | (7,140) |
Balance, shares at Sep. 30, 2019 | 18,000,000 | |||
Balance, amount at Sep. 30, 2019 | $ (321,397) | $ 18,000 | $ 9,000 | $ (348,397) |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Cash Flows from Operating Activities | ||
Net loss | $ (23,852) | $ (22,305) |
Adjustments to reconcile net loss to cash provided (used) by operating activities: | ||
Expenses paid by related party | 4,500 | 5,100 |
Changes in operating assets and liabilities: | ||
Accounts payable | 1,500 | 1,300 |
Increase in accrued interest - related party | 7,330 | 6,700 |
Increase in accrued interest | 5,222 | 5,112 |
Net cash provided (used) by operating activities | (5,300) | (4,800) |
Cash Flows from Investing Activities | ||
Net cash provided (used) by investing activities | 0 | 0 |
Cash Flows from Financing Activities | ||
Proceeds from notes payable - related party | 1,500 | 4,200 |
Proceeds from notes payable | 4,000 | 0 |
Net cash provided (used) by financing activities | 5,500 | 4,200 |
Increase (decrease) in cash | 200 | (600) |
Cash and cash equivalents at beginning of period | 115 | 615 |
Cash and cash equivalents at end of period | 315 | 15 |
Supplemental Cash Flow Information: | ||
Cash paid for interest | 0 | 0 |
Cash paid for Income taxes | $ 0 | $ 0 |
CONDENSED FINANCIAL STATEMENTS
CONDENSED FINANCIAL STATEMENTS | 9 Months Ended |
Sep. 30, 2019 | |
CONDENSED FINANCIAL STATEMENTS | |
NOTE 1 - CONDENSED FINANCIAL STATEMENTS | The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of and for the period ended September 30, 2019 and for all periods presented have been made. Certain information and footnote 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. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2018 audited financial statements as reported in its Form 10-K. The results of operations for the period ended September 30, 2019 are not necessarily indicative of the operating results for the full year ended December 31, 2019. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Sep. 30, 2019 | |
GOING CONCERN | |
NOTE 2 - GOING CONCERN | The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has limited assets, has incurred losses since inception, has negative cash flows from operations, and has no revenue-generating activities. Its activities have been limited for the past several years and it is dependent upon financing to continue operations. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. It is management’s plan to acquire or merge with other operating companies. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2019 | |
RELATED PARTY TRANSACTIONS | |
NOTE 3 - RELATED PARTY TRANSACTIONS | During the nine months ended September 30, 2019, a shareholder invoiced the Company $4,500 for consulting, administrative and professional services and out-of-pocket costs provided or paid on behalf of the Company. As of September 30, 2019 and December 31, 2018, the Company owed the shareholder $11,100 and $6,600, respectively. |
NOTES PAYABLE
NOTES PAYABLE | 9 Months Ended |
Sep. 30, 2019 | |
NOTES PAYABLE | |
NOTE 4 - NOTES PAYABLE | During the nine months ended September 30, 2019, a third party loaned the Company $4,000. The notes bear interest at 8% and are due on demand. Notes payable at September 30, 2019 and December 31, 2018 were $89,176 and $85,176, respectively. Accrued interest at September 30, 2019 and December 31, 2018 was $47,136 and $41,914, respectively. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2019 | |
SUBSEQUENT EVENTS | |
NOTE 5 - SUBSEQUENT EVENTS | The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and has determined that there are no such events that would have a material impact on the financial statements. |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Expenses paid by related party | $ 4,500 | $ 5,100 | |
Accounts payable - related party | 11,100 | $ 6,600 | |
Proceeds from notes payable - related party | $ 1,500 | $ 4,200 | |
Interest rate | 8.00% | ||
Notes payable - related party | $ 122,850 | 121,350 | |
Accrued interest related party | 48,650 | 41,320 | |
Shareholder [Member] | |||
Expenses paid by related party | 4,500 | ||
Accounts payable - related party | 11,100 | 6,600 | |
Proceeds from notes payable - related party | $ 1,500 | ||
Interest rate | 8.00% | ||
Notes payable - related party | $ 122,850 | 121,350 | |
Accrued interest related party | $ 48,650 | $ 41,320 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
NOTES PAYABLE | |||
Notes payable | $ 89,176 | $ 85,176 | |
Interest rate - notes payable | 8.00% | ||
Proceeds from notes payable | $ 4,000 | $ 0 | |
Accrued interest | $ 47,136 | $ 41,914 |