Cover
Cover - shares | 3 Months Ended | |
Mar. 31, 2022 | May 20, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Mar. 31, 2022 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-51185 | |
Entity Registrant Name | Signet International Holdings, Inc. | |
Entity Central Index Key | 0001317833 | |
Entity Tax Identification Number | 16-1732674 | |
Entity Incorporation, State or Country Code | DE | |
Entity Address, Address Line One | 901 S. Mopack Exp Building 1 | |
Entity Address, Address Line Two | Suite 300 | |
Entity Address, City or Town | Austin | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 78746 | |
City Area Code | (512) | |
Local Phone Number | 430-1553 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 20,535,982 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 |
Current | ||
Cash | $ 5,709,666 | $ 2,999,370 |
Prepaids | 389,876 | |
Total Current Assets | 6,099,542 | 2,999,370 |
Goodwill | 1,777,204 | |
Total Assets | 7,876,746 | 2,999,370 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 19,862 | |
Due to related parties | 5,000 | 5,000 |
Total Current liabilities | 24,862 | 5,000 |
Total Liabilities | 24,862 | 5,000 |
Stockholders’ Equity | ||
Convertible Series A Preferred Stock, par value $0.001: 5,000,000 issued and outstanding | 5,000 | 5,000 |
Common Stock, par value $0.001; 20,535,982 issued and outstanding | 20,536 | 20,536 |
Additional paid-in capital | 9,845,668 | 3,026,404 |
Accumulated deficit | (2,019,320) | (57,570) |
Total Stockholders’ Equity | 7,851,884 | 2,994,370 |
Total Liabilities and Stockholders’ Equity | $ 7,876,746 | $ 2,999,370 |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Mar. 31, 2022 | Dec. 31, 2021 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 20,535,982 | 20,535,982 |
Common stock, shares outstanding | 20,535,982 | 20,535,982 |
Convertible Series A Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares issued | 5,000,000 | 5,000,000 |
Preferred Stock, shares outstanding | 5,000,000 | 5,000,000 |
Condensed Statements of Operati
Condensed Statements of Operations and Loss (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Operating Expenses | ||
General and administrative | $ 156,546 | |
Professional fees | 1,393,883 | |
Wages and salaries | 411,321 | |
Total Operating Expenses | 1,961,750 | |
Net operating loss | (1,961,750) | |
Income tax | ||
Net Loss | $ (1,961,750) | |
Loss per Common Share | $ (0.10) | $ 0 |
Weighted Average Common Shares Outstanding | 20,535,982 | 9,317,447 |
Condensed Statements of Stockho
Condensed Statements of Stockholders' Equity (Unaudited) - USD ($) | Preferred Stock [Member]Convertible Series A Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2020 | |||||
Beginning balance, shares at Dec. 31, 2020 | |||||
Net loss | |||||
Ending balance, value at Mar. 31, 2021 | |||||
Ending balance, shares at Mar. 31, 2021 | |||||
Beginning balance, value at Dec. 31, 2021 | $ 5,000 | $ 20,536 | 3,026,404 | (57,570) | 2,994,370 |
Beginning balance, shares at Dec. 31, 2021 | 5,000,000 | 20,535,982 | |||
Stock subscription received | 5,042,060 | 5,042,060 | |||
Recapitalization (reverse merger) | 1,777,204 | 1,777,204 | |||
Net loss | (1,961,750) | (1,961,750) | |||
Ending balance, value at Mar. 31, 2022 | $ 5,000 | $ 20,536 | $ 9,845,668 | $ (2,019,320) | $ 7,851,884 |
Ending balance, shares at Mar. 31, 2022 | 5,000,000 | 20,535,982 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (1,961,750) | |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Prepaids | (389,876) | |
Accounts payable and accrued liabilities | 19,862 | |
Goodwill | (1,777,204) | |
Net cash used in Operating Activities | (4,108,968) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from issuance of common shares | 5,042,060 | |
Reverse recapitalization | 1,777,204 | |
Net cash provided by Financing Activities | 6,819,264 | |
Inflow of Cash | 2,710,296 | |
Cash - Beginning of period | 2,999,370 | |
Cash - End of period | 5,709,666 | |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Cash paid for income taxes | ||
Cash paid for interest |
BUSINESS
BUSINESS | 3 Months Ended |
Mar. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
BUSINESS | NOTE 1 – BUSINESS Golden Ally Lifetech Group Inc. (“Golden Ally”) is a Delaware corporation incorporated on December 1, 2020, and operates out of Austin, Texas. Golden Ally is a high-tech start-up Signet focusing on a unique product offering. Golden Ally activities to date have focused on the development and exploration of water filtration technology and consumer products with Aquaporin (“AQP”) Active Water. Golden Ally has been working with field experts and research institutions to apply and explore the ability to enhance water filtration for improved body cell absorption in commercialized water products. On April 06, 2022, Golden Ally closed on the Share Purchase and Exchange Agreement (“SPA”) with Signet International Holdings, Inc. (“Signet”), a Delaware corporation formed on February 2, 2005, and the Signet Controlling Shareholders. Under generally accepted accounting principles, the acquisition by Signet of Golden Ally is considered to be a capital transaction in substance, rather than a business combination. That is, the acquisition is equivalent to the acquisition by Golden Ally of Signet with the issuance of stock by Golden Ally for the net assets of Signet. This transaction is reflected as a recapitalization and is accounted for as a change in capital structure. Accordingly, the accounting for the acquisition is identical to that resulting from a reverse acquisition. Under reverse merger accounting, the comparative historical financial statements of Signet, as the legal acquirer, are those of the accounting acquirer, Golden Ally. Accordingly, Golden Ally’s financial statements prior to the closing of the reverse acquisition, reflect only the business of Golden Ally. As part of the agreement, Golden Ally paid $ 375,000 In March 2022 Signet’s Board of Directors approved, among other things, an Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, subject to stockholder approval. Stockholder approval was obtained through written consent. Upon approval of all regulating authorities, Signet’s name will be changed from “Signet International Holdings, Inc.” to “Golden Ally Lifetech Group, Inc.” |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Mar. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN The financial statements have been prepared on a going concern basis which assumes Golden Ally will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. Golden Ally has not yet established a source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. As reflected in the accompanying unaudited condensed financial statements, Golden Ally had a net loss of $ 1,961,750 4,108,968 2,019,320 In order to continue as a going concern, Golden Ally will need, among other things, additional capital resources. Management’s plan is to obtain such resources for Golden Ally by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. Management has held preliminary discussions with potential investors to secure significant capital for Golden Ally in 2022. Management is confident that the diversified options for financing available to Golden Ally in 2022, along with support from significant shareholders, will allow it to achieve its objectives and satisfy its capital requirements. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should Golden Ally be unable to continue as a going concern. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with GAAP and applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and Article 8 of Regulation S-X. Accordingly, certain information and footnotes required by GAAP in annual financial statements have been omitted or condensed and these interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in Signet’s Information Statement on Schedule 14C, filed with the SEC on March 16, 2022. These condensed financial statements of Golden Ally include all adjustments of a normal recurring nature which, in the opinion of management, are necessary for a fair statement of the Golden Ally’s financial position as of March 31, 2022, and results of its operations and its cash flows for the interim periods presented. The results of operations for the three months ended March 31, 2022, are not necessarily indicative of the results to be expected for the entire year. There have been no significant changes in the Golden Ally’s accounting policies from those described in the Golden Ally’s audited financial statements and the related notes to those statements. Pursuant to the SPA, the Business Combination was accounted for as a recapitalization in accordance with US GAAP. Under this method of accounting, of Signet International Holdings, Inc., was treated as the acquired company and Golden Ally Lifetech Group, Inc., was treated as the acquirer for financial statement reporting purposes. Golden Ally Lifetech Group, Inc. was determined to be the accounting acquirer based on evaluation of the following facts and circumstances: ● Golden Ally Lifetech Group, Inc., through their ownership of the Convertible Series A Preferred stock and Common Stock, has a 77 ● Golden Ally Lifetech Group, Inc., selected all of the new board of directors of Signet; ● Golden Ally Lifetech Group, Inc., senior management is the senior management of Signet; and ● Golden Ally Lifetech Group, Inc., is the larger entity based on historical operating activity. Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure at the date of the financial statements. Actual results could differ from those estimates. Management periodically evaluates estimates used in the preparation of the financial statements for continued reasonableness. Actual results and outcomes may differ from management’s estimates and assumptions. Cash and cash equivalents For purposes of the statement of cash flows, Golden Ally considers all highly liquid instruments purchased with an original maturity of three months or less to be cash. As of March 31, 2022, and December 31, 2021, Golden Ally had cash of $ 5,709,666 2,999,370 Concentrations of Credit Risk Golden Ally maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. Golden Ally continually monitors its banking relationships and consequently has not experienced any losses in its accounts. Management believes Golden Ally is not exposed to any significant credit risk on cash. Loss per Share Loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Golden Ally had no dilutive instruments outstanding during the periods presented. Recent Accounting Pronouncements Golden Ally has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and Golden Ally does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
PREPAID EXPENSE
PREPAID EXPENSE | 3 Months Ended |
Mar. 31, 2022 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
PREPAID EXPENSE | NOTE 4 – PREPAID EXPENSE During the three months ended March 31, 2022, Golden Ally entered into an agreement with a company owned by a related party to develop and implement marketing strategies for the Golden Ally’s products. Golden Ally paid $ 1,200,000 1,000,000 200,000 During the three months ended March 31, 2022, Golden Ally entered into an agreement for legal services and paid $ 500,000 310,124 189,876 |
GOODWILL
GOODWILL | 3 Months Ended |
Mar. 31, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
GOODWILL | NOTE 5 – GOODWILL Under generally accepted accounting principles, the acquisition by Signet of Golden Ally is considered to be a capital transaction in substance, rather than a business combination. That is, the acquisition is equivalent to the acquisition by Golden Ally of Signet with the issuance of stock by Golden Ally for the net assets of Signet. This transaction is reflected as a recapitalization and is accounted for as a change in capital structure. Accordingly, the accounting for the acquisition is identical to that resulting from a reverse acquisition. Under reverse merger accounting, the comparative historical financial statements of Signet, as the legal acquirer, are those of the accounting acquirer, Golden Ally. As part of the agreement, Golden Ally exchanged 100% of its shares for 77% of Signet shares, representing a premium for the 23% of Signet stock not acquired 1,777,204 375,000 |
INVESTMENT _ RELATED PARTY, AND
INVESTMENT – RELATED PARTY, AND ITS SUBSEQUENT RECISSION | 3 Months Ended |
Mar. 31, 2022 | |
Investments, All Other Investments [Abstract] | |
INVESTMENT – RELATED PARTY, AND ITS SUBSEQUENT RECISSION | NOTE 6 – INVESTMENT – RELATED PARTY, AND ITS SUBSEQUENT RECISSION On December 1, 2021, Golden Ally entered into an agreement to purchase 20 2,000,000 2,000,000 On March 7, 2022, Golden Ally entered a recission agreement with Asia Hybrid, and a related party, whereby the original agreement between Golden Ally and Asia Hybrid was rescinded effective December 1, 2021, and both party’s obligations of the agreement were terminated. |
CAPITAL STOCK
CAPITAL STOCK | 3 Months Ended |
Mar. 31, 2022 | |
Equity [Abstract] | |
CAPITAL STOCK | NOTE 7 – CAPITAL STOCK Common Stock Subsequent to December 31, 2021, Golden Ally received $ 5,042,060 The authorized capital stock consists of 100,000,000 20,535,982 Preferred stock The Board of Directors has the authority, without further action by the shareholders, to issue, from time to time, preferred stock in one or more series for such consideration and with such relative rights, privileges, preferences and restrictions that the Board may determine. The preferences, powers, rights and restrictions of different series of preferred stock may differ with respect to dividend rates, amounts payable on liquidation, voting rights, conversion rights, redemption provisions, sinking fund provisions and purchase funds and other matters. The issuance of preferred stock could adversely affect the voting power or other rights of the holders of common stock. On March 14, 2007, Signet formally designated a series of Super Voting Convertible Preferred Stock (the “Series A Super Voting Preferred Stock”) of Signet’s 50,000,000 5,000,000 .001 Holders of the Series A Super Voting Convertible Preferred Stock: Shall have ten votes per share held on all matters submitted to the shareholders of Signet for a vote thereon. Each holder of these shares shall have the option to appoint two additional members to the Board of Directors. Each share shall be convertible into ten (10) shares of common stock. Signet may redeem at $0.10 per share with 30 days’ notice Dividends: Shall be entitled to receive dividends or distributions on a pro rata basis with the holders of common stock when and if declared by the Board of Directors Signet. Dividends shall not be cumulative. No dividends or distributions shall be declared or paid or set apart for payment on the Common Stock in any calendar year unless dividends or distributions on the Series A Preferred Stock for such calendar year are likewise declared and paid or set apart for payment. No declared and unpaid dividends shall bear or accrue interest. Liquidation Preference: Upon the liquidation, dissolution and winding up of Signet, whether voluntary or involuntary, the holders of the Series A Super Voting Convertible Preferred Stock then outstanding shall be entitled to, on a pro-rata basis with the holders of common stock, distributions of the assets of the Corporation, whether from capital or from earnings available for distribution to its stockholders. There were 5,000,000 |
RELATED PARTIES
RELATED PARTIES | 3 Months Ended |
Mar. 31, 2022 | |
Related Party Transactions [Abstract] | |
RELATED PARTIES | NOTE 8 – RELATED PARTIES During the year ended December 31, 2021, a related party paid expenses on behalf of Golden Ally of $ 5,000 5,000 During the three months ended March 31, 2022 and 2021, Golden Ally paid $ 411,321 0 |
COMMITMENTS
COMMITMENTS | 3 Months Ended |
Mar. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS | NOTE 9 – COMMITMENTS Operating lease During the three months ended March 31, 2022, Golden Ally entered into an agreement for office space in Texas. The agreement term is from January 19, 2022, to January 31, 2023 332 During the three months ended March 31, 2022, Golden Ally entered into a lease for a location in California. The term of the lease is four months ending on May 31, 2022 5,970 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Mar. 31, 2022 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 10 – SUBSEQUENT EVENTS Golden Ally evaluates subsequent events and transactions that occur after the balance sheet date up to the date that the condensed financial statements were issued for potential recognition or disclosure. Golden Ally did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with GAAP and applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and Article 8 of Regulation S-X. Accordingly, certain information and footnotes required by GAAP in annual financial statements have been omitted or condensed and these interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in Signet’s Information Statement on Schedule 14C, filed with the SEC on March 16, 2022. These condensed financial statements of Golden Ally include all adjustments of a normal recurring nature which, in the opinion of management, are necessary for a fair statement of the Golden Ally’s financial position as of March 31, 2022, and results of its operations and its cash flows for the interim periods presented. The results of operations for the three months ended March 31, 2022, are not necessarily indicative of the results to be expected for the entire year. There have been no significant changes in the Golden Ally’s accounting policies from those described in the Golden Ally’s audited financial statements and the related notes to those statements. Pursuant to the SPA, the Business Combination was accounted for as a recapitalization in accordance with US GAAP. Under this method of accounting, of Signet International Holdings, Inc., was treated as the acquired company and Golden Ally Lifetech Group, Inc., was treated as the acquirer for financial statement reporting purposes. Golden Ally Lifetech Group, Inc. was determined to be the accounting acquirer based on evaluation of the following facts and circumstances: ● Golden Ally Lifetech Group, Inc., through their ownership of the Convertible Series A Preferred stock and Common Stock, has a 77 ● Golden Ally Lifetech Group, Inc., selected all of the new board of directors of Signet; ● Golden Ally Lifetech Group, Inc., senior management is the senior management of Signet; and ● Golden Ally Lifetech Group, Inc., is the larger entity based on historical operating activity. |
Use of Estimates | Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure at the date of the financial statements. Actual results could differ from those estimates. Management periodically evaluates estimates used in the preparation of the financial statements for continued reasonableness. Actual results and outcomes may differ from management’s estimates and assumptions. |
Cash and cash equivalents | Cash and cash equivalents For purposes of the statement of cash flows, Golden Ally considers all highly liquid instruments purchased with an original maturity of three months or less to be cash. As of March 31, 2022, and December 31, 2021, Golden Ally had cash of $ 5,709,666 2,999,370 |
Concentrations of Credit Risk | Concentrations of Credit Risk Golden Ally maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. Golden Ally continually monitors its banking relationships and consequently has not experienced any losses in its accounts. Management believes Golden Ally is not exposed to any significant credit risk on cash. |
Loss per Share | Loss per Share Loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Golden Ally had no dilutive instruments outstanding during the periods presented. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Golden Ally has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and Golden Ally does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
BUSINESS (Details Narrative)
BUSINESS (Details Narrative) | Mar. 31, 2022USD ($) |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Cash | $ 375,000 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Net loss | $ 1,961,750 | ||
Net cash provided by operating activities | 4,108,968 | ||
Accumulated deficit | $ 2,019,320 | $ 57,570 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | ||
Percentage of voting interest | 77.00% | |
Cash | $ 5,709,666 | $ 2,999,370 |
PREPAID EXPENSE (Details Narrat
PREPAID EXPENSE (Details Narrative) | 3 Months Ended |
Mar. 31, 2022USD ($) | |
Services [Member] | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |
Payment for service to rendered | $ 1,200,000 |
Retainer Expenses | 1,000,000 |
Prepaid expense | 200,000 |
Legal Service [Member] | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |
Retainer Expenses | 310,124 |
Prepaid expense | 189,876 |
Legal Fees | $ 500,000 |
GOODWILL (Details Narrative)
GOODWILL (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Business Combination description | As part of the agreement, Golden Ally exchanged 100% of its shares for 77% of Signet shares, representing a premium for the 23% of Signet stock not acquired | |
Goodwill | $ 1,777,204 | |
Cash | $ 375,000 |
INVESTMENT _ RELATED PARTY, A_2
INVESTMENT – RELATED PARTY, AND ITS SUBSEQUENT RECISSION (Details Narrative) - Asia Hybrid Cryptocurrency Limited [Member] | Dec. 01, 2021USD ($) |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |
Investment percentage | 20.00% |
Payments to acquire investments | $ 2,000,000 |
CAPITAL STOCK (Details Narrativ
CAPITAL STOCK (Details Narrative) - USD ($) | 3 Months Ended | ||
Mar. 31, 2022 | Dec. 31, 2021 | Mar. 14, 2007 | |
Class of Stock [Line Items] | |||
Stock subscriptions | $ 5,042,060 | ||
Capital stock, shares authorized | 100,000,000 | ||
Capita stock, shares outstanding | 20,535,982 | 20,535,982 | |
Series A Super Voting Preferred Stock [Member] | |||
Class of Stock [Line Items] | |||
Preferred stock, shares authorized | 50,000,000 | ||
Preferred stock, shares designated | 5,000,000 | ||
Preferred stock, par value | $ 0.001 | ||
Preferred stock conversion description | Each share shall be convertible into ten (10) shares of common stock. Signet may redeem at $0.10 per share with 30 days’ notice | ||
Series A Preferred Stock [Member] | |||
Class of Stock [Line Items] | |||
Preferred Stock, Shares Issued | 5,000,000 | 5,000,000 | |
Preferred Stock, Shares Outstanding | 5,000,000 | 5,000,000 |
RELATED PARTIES (Details Narrat
RELATED PARTIES (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |||
Related party paid expense | $ 5,000 | ||
Due to related party | $ 5,000 | $ 5,000 | |
Wages and salaries to related parties | $ 411,321 | $ 0 |
COMMITMENTS (Details Narrative)
COMMITMENTS (Details Narrative) | 3 Months Ended |
Mar. 31, 2022USD ($) | |
TEXAS | |
Product Liability Contingency [Line Items] | |
Lease term | January 19, 2022, to January 31, 2023 |
Rent | $ 332 |
CANADA | |
Product Liability Contingency [Line Items] | |
Lease term | May 31, 2022 |
Rent | $ 5,970 |