Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2021 | Aug. 13, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2021 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-33399 | |
Entity Registrant Name | NOVA STAR INNOVATIONS INC | |
Entity Central Index Key | 0001160945 | |
Entity Tax Identification Number | 90-0369457 | |
Entity Incorporation, State or Country Code | WY | |
Entity Address, Address Line One | 2157 S. Lincoln Street | |
Entity Address, City or Town | Salt Lake City | |
Entity Address, State or Province | UT | |
Entity Address, Postal Zip Code | 84106 | |
City Area Code | 801 | |
Local Phone Number | 323-2395 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Elected Not To Use the Extended Transition Period | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 18,000,000 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
CURRENT ASSETS | ||
Cash | $ 1,365 | $ 2,015 |
Prepaid expense | 500 | |
Total current assets | 1,865 | 2,015 |
TOTAL ASSETS | 1,865 | 2,015 |
CURRENT LIABILITIES | ||
Accounts payable - related party | 9,000 | 6,000 |
Accounts payable | 500 | |
Notes payable - related party | 138,450 | 138,450 |
Notes payable | 104,726 | 99,176 |
Accrued interest - related party | 67,131 | 61,593 |
Accrued interest | 60,401 | 56,369 |
Total current liabilities | 379,708 | 362,088 |
Total liabilities | 379,708 | 362,088 |
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 | (404,843) | (387,073) |
Total stockholders' deficit | (377,843) | (360,073) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 1,865 | $ 2,015 |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Jun. 30, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
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 | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Income Statement [Abstract] | ||||
Revenues | ||||
Operating Expenses | ||||
General and administrative | 2,800 | 2,700 | 8,200 | 8,200 |
Total expenses | 2,800 | 2,700 | 8,200 | 8,200 |
Loss from operations | (2,800) | (2,700) | (8,200) | (8,200) |
Other income (expense) | ||||
Interest expense - related party | (2,769) | (2,599) | (5,538) | (5,188) |
Interest expense | (2,048) | (1,783) | (4,032) | (3,566) |
Total other income (expense) | (4,817) | (4,382) | (9,570) | (8,754) |
Loss before income taxes | (7,617) | (7,082) | (17,770) | (16,954) |
Income tax expense | ||||
Net loss | $ (7,617) | $ (7,082) | $ (17,770) | $ (16,954) |
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 |
Condensed Statements of Stockho
Condensed Statements of Stockholders' Deficit (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance - December 31, 2020 at Dec. 31, 2019 | $ 18,000 | $ 9,000 | $ (355,537) | $ (328,537) |
Beginning balance, shares at Dec. 31, 2019 | 18,000,000 | |||
Net loss | (9,872) | $ (9,872) | ||
Balance - June 30, 2021 at Mar. 31, 2020 | 18,000 | 9,000 | (365,409) | $ (338,409) |
Ending balance, shares at Mar. 31, 2020 | 18,000,000 | |||
Balance - December 31, 2020 at Dec. 31, 2019 | 18,000 | 9,000 | (355,537) | $ (328,537) |
Beginning balance, shares at Dec. 31, 2019 | 18,000,000 | |||
Net loss | $ (16,954) | |||
Balance - June 30, 2021 at Jun. 30, 2020 | 18,000 | 9,000 | (372,491) | $ (345,491) |
Ending balance, shares at Jun. 30, 2020 | 18,000,000 | |||
Balance - December 31, 2020 at Mar. 31, 2020 | 18,000 | 9,000 | (365,409) | $ (338,409) |
Beginning balance, shares at Mar. 31, 2020 | 18,000,000 | |||
Net loss | (7,082) | $ (7,082) | ||
Balance - June 30, 2021 at Jun. 30, 2020 | 18,000 | 9,000 | (372,491) | $ (345,491) |
Ending balance, shares at Jun. 30, 2020 | 18,000,000 | |||
Balance - December 31, 2020 at Dec. 31, 2020 | 18,000 | 9,000 | (387,073) | $ (360,073) |
Beginning balance, shares at Dec. 31, 2020 | 18,000,000 | |||
Net loss | (10,153) | $ (10,153) | ||
Balance - June 30, 2021 at Mar. 31, 2021 | 18,000 | 9,000 | (397,226) | $ (370,226) |
Ending balance, shares at Mar. 31, 2021 | 18,000,000 | |||
Balance - December 31, 2020 at Dec. 31, 2020 | 18,000 | 9,000 | (387,073) | $ (360,073) |
Beginning balance, shares at Dec. 31, 2020 | 18,000,000 | |||
Net loss | $ (17,770) | |||
Balance - June 30, 2021 at Jun. 30, 2021 | 18,000 | 9,000 | (404,843) | $ (377,843) |
Ending balance, shares at Jun. 30, 2021 | 18,000,000 | |||
Balance - December 31, 2020 at Mar. 31, 2021 | 18,000 | 9,000 | (397,226) | $ (370,226) |
Beginning balance, shares at Mar. 31, 2021 | 18,000,000 | |||
Net loss | (7,617) | $ (7,617) | ||
Balance - June 30, 2021 at Jun. 30, 2021 | $ 18,000 | $ 9,000 | $ (404,843) | $ (377,843) |
Ending balance, shares at Jun. 30, 2021 | 18,000,000 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash Flows from Operating Activities | ||
Net loss | $ (17,770) | $ (16,954) |
Adjustments to reconcile net loss to cash used by operating activities: | ||
Expenses paid by related party | 3,000 | 3,000 |
Changes in operating assets and liabilities: | ||
Increase in prepaid expenses | (500) | |
Increase (decrease) in accounts payable | (500) | 2,500 |
Increase in accrued interest - related party | 5,538 | 5,188 |
Increase in accrued interest | 4,032 | 3,566 |
Net cash used by operating activities | (6,200) | (2,700) |
Cash Flows from Investing Activities | ||
Net cash provided (used) by investing activities | ||
Cash Flows from Financing Activities | ||
Proceeds from notes payable - related party | 3,000 | |
Proceeds from notes payable | 5,550 | |
Net cash provided by financing activities | 5,550 | 3,000 |
Increase (decrease) in cash | (650) | 300 |
Cash and cash equivalents at beginning of period | 2,015 | 315 |
Cash and cash equivalents at end of period | 1,365 | 615 |
Supplemental Cash Flow Information: | ||
Cash paid for interest | ||
Cash paid for Income taxes |
NOTE 1 - CONDENSED FINANCIAL ST
NOTE 1 - CONDENSED FINANCIAL STATEMENTS | 6 Months Ended |
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NOTE 1 - 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 June 30, 2021 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, 2020 audited financial statements as reported in its Form 10-K. The results of operations for the period ended June 30, 2021 are not necessarily indicative of the operating results for the full year ended December 31, 2021. |
NOTE 2 - GOING CONCERN
NOTE 2 - GOING CONCERN | 6 Months Ended |
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NOTE 2 - 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. The COVID-19 pandemic could have an impact on our ability to obtain financing to fund our operations. The Company is unable to predict the ultimate impact at this time. |
NOTE 3 - RELATED PARTY TRANSACT
NOTE 3 - RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2021 | |
Related Party Transactions [Abstract] | |
NOTE 3 - RELATED PARTY TRANSACTIONS | NOTE 3 - RELATED PARTY TRANSACTIONS During the six months ended June 30, 2021, a shareholder invoiced the Company $ 3,000 9,000 6,000 The Company has some shareholder notes payable that bear interest at 8 138,450 138,450 67,131 61,593 |
NOTE 4 - NOTES PAYABLE
NOTE 4 - NOTES PAYABLE | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
NOTE 4 - NOTES PAYABLE | NOTE 4 - NOTES PAYABLE During the six months ended June 30, 2021, an unrelated party loaned the Company $ 5,550 104,726 99,176 60,401 56,369 |
NOTE 5 - SUBSEQUENT EVENTS
NOTE 5 - SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2021 | |
Subsequent Events [Abstract] | |
NOTE 5 - 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. |
NOTE 3 - RELATED PARTY TRANSA_2
NOTE 3 - RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Related Party Transactions [Abstract] | |||
Consulting, administrative and professional costs provided for or paid on behalf of Company by shareholder | $ 3,000 | ||
Amounts owed to shareholder | $ 9,000 | $ 6,000 | |
Interest rate on shareholder notes payable | 8.00% | 8.00% | |
Notes payable - related party | $ 138,450 | 138,450 | |
Accrued interest on notes payable - related party | $ 67,131 | $ 61,593 |
NOTE 4 - NOTES PAYABLE (Details
NOTE 4 - NOTES PAYABLE (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2020 | |
Debt Disclosure [Abstract] | ||
Amounts loaned to the Company | $ 5,550 | |
Notes payable | 104,726 | $ 99,176 |
Accrued interest on notes payable | $ 60,401 | $ 56,369 |