Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Jun. 30, 2021 | Sep. 06, 2021 | |
Details | ||
Registrant CIK | 0001367408 | |
Fiscal Year End | --09-30 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 000-52304 | |
Entity Registrant Name | SINO AMERICAN OIL CO | |
Entity Incorporation, State or Country Code | WY | |
Entity Tax Identification Number | 02-3717729 | |
Entity Address, Address Line One | 2123 Pioneer Ave | |
Entity Address, City or Town | Cheyenne | |
Entity Address, State or Province | WY | |
Entity Address, Postal Zip Code | 82001 | |
City Area Code | 360 | |
Local Phone Number | 631-6022 | |
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 | 114,669,500 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q3 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jun. 30, 2021 | Sep. 30, 2020 |
Current Assets: | ||
Cash | $ 9,442 | $ 0 |
Total Assets | 9,442 | 0 |
Current Liabilities: | ||
Accounts payable, current | 9,429 | 0 |
Accrued interest, current | 1,308 | 0 |
Accrued officer compensation, current | 0 | 360,000 |
Accrued compensation - related party, current | 90,000 | 0 |
Accrued compensation, current | 90,000 | 0 |
Loans payable, current | 53,541 | 0 |
Loans payable - related party, current | 46,016 | 17,414 |
Total Current Liabilities | 290,294 | 377,414 |
Total Liabilities | 290,294 | 377,414 |
Shareholders' Deficit: | ||
Preferred stock Series A value | 246 | 0 |
Preferred stock Series B value | 0 | 0 |
Common stock value | 11,210 | 19,600 |
Stock-subscription receivable | 0 | (370,050) |
Common stock to be issued | 926,250 | |
Additional paid-in capital | 17,622,346 | 2,012,295 |
Accumulated deficit | (18,840,904) | (2,039,259) |
Total Stockholders' Deficit | (280,852) | (377,414) |
Total Liabilities and Stockholders' Deficit | $ 9,442 | $ 0 |
BALANCE SHEETS - Parenthetical
BALANCE SHEETS - Parenthetical - $ / shares | Jun. 30, 2021 | Sep. 30, 2020 |
Details | ||
Preferred Stock, No Par Value | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Shares Outstanding | 246,320 | 0 |
Preferred stock Par Value, Series B | $ 0.001 | $ 0.001 |
Preferred stock Authorized, Series B | 10,000,000 | 10,000,000 |
Preferred stock Outstanding, Series B | 0 | 0 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 2,000,000,000 | 2,000,000,000 |
Common Stock, Shares, Issued | 112,107,000 | 196,001,500 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Operating Expenses: | ||||
Officer compensation expense | $ 1,836,500 | $ 24,000 | $ 1,884,500 | $ 72,000 |
Consulting expense | 5,554,756 | 0 | 5,599,756 | 0 |
Consulting expense - related party | 9,170,000 | 0 | 9,230,000 | 0 |
General and administrative expense | 11,302 | 196 | 86,081 | 712 |
Total operating expenses | 16,572,558 | 24,196 | 16,800,337 | 72,712 |
Loss from operations | (16,572,558) | (24,196) | (16,800,337) | (72,712) |
Other Expense: | ||||
Interest expense | (778) | 0 | (1,308) | 0 |
Total other expense | (778) | 0 | (1,308) | 0 |
Net income (loss) | $ (16,573,336) | $ (24,196) | $ (16,801,645) | $ (72,712) |
Net income (loss) per share | $ (0.16) | $ (0.01) | $ (0.34) | $ (0.04) |
Weighted average shares outstanding, basic and diluted | 103,215,857 | 3,795,385 | 49,809,204 | 1,808,272 |
STATEMENTS OF CHANGES IN STOCKH
STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) | Preferred Stock | Common Stock | Additional Paid-in Capital | Receivables from Stockholder | Deferred Compensation, Share-based Payments | Retained Earnings | Total |
Equity Balance at Sep. 30, 2019 | $ 0 | $ 19,353 | $ 1,641,595 | $ 0 | $ 0 | $ (1,941,465) | $ (280,517) |
Equity Balance, Shares at Sep. 30, 2019 | 193,534,500 | ||||||
Net loss | 0 | $ 0 | 0 | 0 | 0 | (24,341) | (24,341) |
Equity Balance, Shares at Dec. 31, 2019 | 193,534,500 | ||||||
Equity Balance at Dec. 31, 2019 | 0 | $ 19,353 | 1,641,595 | 0 | 0 | (1,965,806) | $ (304,858) |
Common stock sold for cash, shares | 2,467,000 | ||||||
Net loss | 0 | $ 0 | 0 | 0 | 0 | (24,174) | $ (24,174) |
Equity Balance, Shares at Mar. 31, 2020 | 193,534,500 | ||||||
Equity Balance at Mar. 31, 2020 | 0 | $ 19,353 | 1,641,595 | 0 | 0 | (1,989,980) | (329,032) |
Common stock sold for cash, value | 0 | $ 247 | 369,803 | (370,050) | 0 | 0 | 0 |
Common stock sold for cash, shares | 2,467,000 | ||||||
Net loss | 0 | $ 0 | 0 | 0 | 0 | (24,197) | (24,197) |
Equity Balance, Shares at Jun. 30, 2020 | 196,001,500 | ||||||
Equity Balance at Jun. 30, 2020 | 0 | $ 19,600 | 2,011,398 | (370,050) | 0 | (2,014,177) | (353,229) |
Equity Balance at Sep. 30, 2020 | 0 | $ 19,600 | 2,012,295 | (370,050) | 0 | (2,039,259) | (377,414) |
Equity Balance, Shares at Sep. 30, 2020 | 196,001,500 | ||||||
Net loss | 0 | $ 0 | 0 | 0 | 0 | (54,854) | (54,854) |
Equity Balance, Shares at Dec. 31, 2020 | 196,001,500 | ||||||
Equity Balance at Dec. 31, 2020 | 0 | $ 19,600 | 2,012,295 | (370,050) | 0 | (2,094,113) | (432,268) |
Equity Balance at Sep. 30, 2020 | $ 0 | $ 19,600 | 2,012,295 | (370,050) | 0 | (2,039,259) | (377,414) |
Equity Balance, Shares at Sep. 30, 2020 | 196,001,500 | ||||||
Equity Balance, Shares at Jun. 30, 2021 | 246,320 | 112,107,000 | |||||
Equity Balance at Jun. 30, 2021 | $ 246 | $ 11,210 | 17,622,346 | 0 | 926,250 | (18,840,904) | (280,852) |
Equity Balance at Dec. 31, 2020 | 0 | $ 19,600 | 2,012,295 | (370,050) | 0 | (2,094,113) | (432,268) |
Equity Balance, Shares at Dec. 31, 2020 | 196,001,500 | ||||||
Net loss | 0 | $ 0 | 0 | 0 | 0 | (228,309) | (173,455) |
Equity Balance, Shares at Mar. 31, 2021 | 196,001,500 | ||||||
Equity Balance at Mar. 31, 2021 | 0 | $ 19,600 | 2,012,295 | (370,050) | 0 | (2,267,568) | (605,723) |
Common stock sold for cash, value | 0 | $ (247) | (369,803) | 370,050 | 0 | 0 | 0 |
Common stock sold for cash, shares | (2,467,000) | ||||||
Shares issued for servies, related party, value | 0 | $ 401 | 10,030,849 | 0 | 906,250 | 0 | 10,937,500 |
Shares issued for servies, related party, shares | 4,012,500 | ||||||
Shares issued for services, value | 0 | $ 220 | 5,499,780 | 0 | 0 | 0 | 5,500,000 |
Shares issued for services, shares | 2,200,000 | ||||||
Shares issued for debt, value | 0 | $ 15,868 | 400,839 | 0 | 0 | 0 | 416,707 |
Shares issued for debt, shares | 158,680,000 | ||||||
Shares sold for cash, equity | 0 | $ 0 | 0 | 0 | 20,000 | 0 | 20,000 |
Common converted to preferred, value | $ 246 | $ (24,632) | 24,386 | 0 | 0 | 0 | 0 |
Common converted to preferred, shares | 246,320 | (246,320,000) | |||||
Contributed services, adjustment to APIC | $ 0 | $ 0 | 24,000 | 0 | 0 | 0 | 24,000 |
Net loss | $ 0 | $ 0 | 0 | 0 | 0 | (16,573,336) | (16,573,336) |
Equity Balance, Shares at Jun. 30, 2021 | 246,320 | 112,107,000 | |||||
Equity Balance at Jun. 30, 2021 | $ 246 | $ 11,210 | $ 17,622,346 | $ 0 | $ 926,250 | $ (18,840,904) | $ (280,852) |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 9 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income (loss) | $ (16,801,645) | $ (72,712) |
Adjustments to reconcile net loss to net cash used by operating activities: | ||
Shares issued for services rendered | 5,500,000 | 0 |
Shares issued for services rendered, related | 10,937,500 | 0 |
Changes in operating assets and liabilities: | ||
Increase (decrease) accounts payable | 9,429 | 0 |
Increase (decrease) accrued interest | 1,308 | 0 |
Increase (decrease) accrued compensation | 90,000 | 0 |
Increase (decrease) accrued compensation, related | 90,000 | 0 |
Increase (decrease) accrued officer compensation | 72,000 | 72,000 |
Net cash used by operating activities | (101,408) | (712) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from the sale of common stock | 20,000 | 0 |
Proceeds from loans payable | 53,541 | 0 |
Proceeds from loans payable, related | 37,309 | 712 |
Net cash provided by financing activities | 110,850 | 712 |
Net change in cash | 9,442 | 0 |
Cash at beginning of period | 0 | 0 |
Cash at end of period | 9,442 | 0 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
Cash paid for interest | 0 | 0 |
Cash paid for taxes | 0 | 0 |
Non-Cash Financing Activities: | ||
Debt converted to common stock, noncash | 8,707 | 0 |
Accrued salary converted to common stock, noncash | 408,000 | 0 |
Contributed officer salary, noncash | 24,000 | 0 |
Interest expense of beneficial conversion feature | $ 0 | $ 897 |
Business Description and Histor
Business Description and History | 9 Months Ended |
Jun. 30, 2021 | |
Notes | |
Business Description and History | NOTE 1 - DESCRIPTION OF BUSINESS AND HISTORY Sino American Oil Company (the “Company”) was incorporated as Raphael Industries Ltd. on October 31, 2005 under the laws of the State of Nevada. On November 11, 2010 the Company changed its name to Sino American Oil Company in anticipation of the Company’s new business direction, the exploration for oil and gas. The company has re-domiciled its corporate status from Nevada to Wyoming in August 2018. |
Significant Accounting Policies
Significant Accounting Policies | 9 Months Ended |
Jun. 30, 2021 | |
Notes | |
Significant Accounting Policies | NOTE 2 - SUMMARY OF SIGNIFICANT POLICIES Basis of presentation These unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). These financial statements and the notes attached hereto should be read in conjunction with the financial statements and notes included in the Company’s financial statements for its fiscal year ended September 30, 2020. In the opinion of the Company, all adjustments, including normal recurring adjustments necessary to present fairly the financial position of the Company, as of June 30, 2021 and the results of its operations and cash flows for the nine months then ended have been included. The results of operations for the interim period are not necessarily indicative of the results for the full year ending September 30, 2021. Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates. Stock-based Compensation In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting Recent Accounting Pronouncements The Company 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 the Company 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. |
Going Concern Disclosure
Going Concern Disclosure | 9 Months Ended |
Jun. 30, 2021 | |
Notes | |
Going Concern Disclosure | NOTE 3 - GOING CONCERN The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has no source of revenue, has suffered recurring losses since inception and has no assurance of future profitability. The Company will continue to require financing from external sources to finance its operating and investing activities until sufficient positive cash flows from operations can be generated. There is no assurance that financing or profitability will be achieved, accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties. |
Loan Payable Disclosure
Loan Payable Disclosure | 9 Months Ended |
Jun. 30, 2021 | |
Notes | |
Loan Payable Disclosure | NOTE 4 - LOAN PAYABLE During the nine months send June 30, 2021, White Sands Securities loaned the Company $53,541 through a note payable and cash advances. A portion of the loan is accruing interest at 8% per year. As of June 30, 2021, total accrued interest is $1,308. |
Common Stock Disclosure
Common Stock Disclosure | 9 Months Ended |
Jun. 30, 2021 | |
Notes | |
Common Stock Disclosure | NOTE 5 - COMMON STOCK On May 13, 2020, the Company sold 2,467,000 shares of common stock at $0.15 per share for total proceeds of $370,050. As of September 30, 2020, the funds had not been received and have been disclosed as a stock subscription receivable in the Statement of Stockholders’ Deficit. On December 10, 2020, the Company cancelled the 2,467,000 shares of common stock sold for cash as the cash was never received from the purchasing parties. During the nine months ended June 30, 2021, the Company granted 750,000 shares of common stock for services. The shares were valued $2.50, the share price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $1,875,000. During the nine months ended June 30, 2021, the Company sold 8,000 shares of common stock for total cash proceeds of $20,000. As of June 30, 2021, the shares have not yet been issued by the transfer agent and are disclosed as common stock to be issued. During the nine months ended June 30, 2021, the Company granted 1,450,000 shares of common stock for services to White Sands Securities. The shares were valued $2.50, the share price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $3,625,000. |
Preferred stock Disclosure
Preferred stock Disclosure | 9 Months Ended |
Jun. 30, 2021 | |
Notes | |
Preferred stock Disclosure | NOTE 6 - PREFERRED STOCK Effective June 3, 2019, the Company amended its article of incorporation and authorized 10,000,000 shares of Series A preferred stock, par value $0.001 and 10,000,000 shares of Series B preferred stock, par value $0.001. Each share of Series A is convertible into 1,000 shares of common. During the nine months ended June 30, 2021, holders of 246,320,000 shares of common stock converted those shares into 246,320 shares of Series A preferred stock. |
Related Party Transactions Disc
Related Party Transactions Disclosure | 9 Months Ended |
Jun. 30, 2021 | |
Notes | |
Related Party Transactions Disclosure | NOTE 7 - RELATED PARTY TRANSACTIONS On April 18, 2017, the Company entered into a Convertible Loan Agreement with Kim Halvorson, COO. The loan agreement was entered into pursuant to Ms. Halvorson’s agreement to fund the initial expenses of the Company. Per the terms of the agreement any funds loaned to the company or paid out on behalf of the Company will be convertible into shares of common stock at $0.0001 per share. The loans are due on demand and non-interest bearing. The Company accounted for the initial conversion feature as a beneficial conversion feature. A beneficial conversion feature arises when the conversion price of a convertible instrument is below the per share fair value of the underlying stock into which it is convertible, with the resulting expense not to exceed the loan amount. The Company accounted for an additional beneficial conversion feature expense of $897 and $9,566 for the years ended September 30, 2020, and 2019, respectively. The amount was immediately expensed to interest expense with a credit to additional paid in capital. During the nine months send June 30, 2021, Ms. Halvorson and Triage MicroCap Advisors LLC (“Triage”) (a company owned by Ms. Halvorson) loaned the Company an additional $31,815 and converted $8,707 into 8,680,000 shares of common stock. As of June 30, 2021, and September 30, 2020, the balance due to Ms. Halvorson is $45,522 and $17,414, respectively. During the nine months ended June 30, 2021, the Company granted 750,000 shares of common stock for services to Triage. The shares were valued $2.50, the share price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $1,875,000. During the nine months ended June 30, 2021, the Company granted 1,450,000 shares of common stock for services to Maximum Ventures Holdings LLC. The shares were valued $2.50, the share price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $3,625,000. Mr. Tang is a member of Maximum Ventures Holdings LLC. During the nine months ended June 30, 2021, the Company granted 1,450,000 shares of common stock for services to Avatele Group LLC. The shares were valued $2.50, the share price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $3,625,000. Mr. Tang is a member of Avatele Group LLC. During the nine months ended June 30, 2021, the Company granted 725,000 shares of common stock for services to the CEO per his employment agreement. The shares were valued $2.50, the share price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $1,812,500. As of June 30, 2021, 362,500 were issued by the transfer agent but are being held in reserve per his employment agreement. During the nine months send June 30, 2021, Richard Tang, CEO, advance the Company $494 to pay general operating expenses. The advance is non-interest bearing and due on demand. During the nine months ended June 30, 2021, the Mr. Tang converted $408,000 of accrued compensation into 150,000,000 shares of common stock. On June 30, 2021, Mr. Tang, forgave of $24,000 of accrued compensation due to him. The $24,000 was credited to additional paid in capital. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Jun. 30, 2021 | |
Notes | |
Subsequent Events | NOTE 8 - SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, Subsequent Events, from the balance sheet date through the date the financial statements were issued and has determined that no additional material subsequent events exist other than the following. On August 9, 2021, pursuant to the terms of a consulting agreement, the Company granted 1,200,000 shares of common stock for services to be rendered. On August 14, 2021, pursuant to the terms of a consulting agreement, the Company granted 1,000,000 shares of common stock for services to be rendered. Subsequent to June 30, 2021, the Company issued the 362,500 that were granted to the CEO prior to June 30, 2021. The shares are being held in reserve. |
Significant Accounting Polici_2
Significant Accounting Policies: Basis of Accounting, Policy (Policies) | 9 Months Ended |
Jun. 30, 2021 | |
Policies | |
Basis of Accounting, Policy | Basis of presentation These unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). These financial statements and the notes attached hereto should be read in conjunction with the financial statements and notes included in the Company’s financial statements for its fiscal year ended September 30, 2020. In the opinion of the Company, all adjustments, including normal recurring adjustments necessary to present fairly the financial position of the Company, as of June 30, 2021 and the results of its operations and cash flows for the nine months then ended have been included. The results of operations for the interim period are not necessarily indicative of the results for the full year ending September 30, 2021. |
Significant Accounting Polici_3
Significant Accounting Policies: Use of Estimates (Policies) | 9 Months Ended |
Jun. 30, 2021 | |
Policies | |
Use of Estimates | Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates. |
Significant Accounting Polici_4
Significant Accounting Policies: Stock-based Compensation Policy (Policies) | 9 Months Ended |
Jun. 30, 2021 | |
Policies | |
Stock-based Compensation Policy | Stock-based Compensation In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting |
Significant Accounting Polici_5
Significant Accounting Policies: Recent Accounting Pronouncements (Policies) | 9 Months Ended |
Jun. 30, 2021 | |
Policies | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company 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 the Company 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. |
Loan Payable Disclosure (Detail
Loan Payable Disclosure (Details) - USD ($) | Jun. 30, 2021 | Sep. 30, 2020 |
Details | ||
Loans payable, current | $ 53,541 | $ 0 |
Loans payable, interest rate | 8.00% | |
Accrued interest, current | $ 1,308 | $ 0 |
Common Stock Disclosure (Detail
Common Stock Disclosure (Details) - USD ($) | 3 Months Ended | ||
Jun. 30, 2021 | Mar. 31, 2020 | Sep. 30, 2020 | |
Common stock sold for cash, shares | 2,467,000 | ||
Common stock sold for cash, shares cancelled | 2,467,000 | ||
Shares issued for services, value | $ 5,500,000 | ||
Common stock to be issued, shares | 8,000 | ||
Shares sold for cash, equity | $ 20,000 | ||
Issued for cash | |||
Per share issued value | $ 0.15 | ||
Services, other | |||
Per share issued value | $ 2.50 | ||
Shares issued for services, shares | 750,000 | ||
Shares issued for services, value | $ 1,875,000 | ||
Services, White Sands Securitiies | |||
Per share issued value | $ 2.50 | ||
Shares issued for services, shares | 1,450,000 | ||
Shares issued for services, value | $ 3,625,000 |
Preferred stock Disclosure (Det
Preferred stock Disclosure (Details) - $ / shares | 9 Months Ended | |
Jun. 30, 2021 | Sep. 30, 2020 | |
Details | ||
Preferred A authorized | 10,000,000 | 10,000,000 |
Preferred A par value | $ 0.001 | $ 0.001 |
Preferred stock Authorized, Series B | 10,000,000 | 10,000,000 |
Preferred stock Par Value, Series B | $ 0.001 | $ 0.001 |
Preferred stock Authorized, Series A | Series A is convertible into 1,000 shares of common | |
Common converted to preferred, common shares | 246,320,000 | |
Common converted to preferred, preferred A shares | 246,320 |
Related Party Transactions Di_2
Related Party Transactions Disclosure (Details) - USD ($) | 2 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 06, 2021 | Jun. 30, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | Sep. 30, 2020 | Sep. 30, 2019 | |
Beneficial conversion feature expense | $ 897 | $ 9,566 | ||||
Proceeds from loans payable, related | $ 37,309 | $ 712 | ||||
Debt converted to common stock, noncash | 8,707 | 0 | ||||
Loans payable - related party, current | $ 46,016 | 46,016 | 17,414 | |||
Shares issued for servies, related party, value | 10,937,500 | |||||
Accrued salary converted to common stock, noncash | 408,000 | 0 | ||||
Contributed officer salary, noncash | 24,000 | $ 0 | ||||
Triage MicroCap Advisors LLC | ||||||
Proceeds from loans payable, related | 31,815 | |||||
Debt converted to common stock, noncash | $ 8,707 | |||||
Shares issued for debt, shares | 8,680,000 | |||||
Loans payable - related party, current | $ 45,522 | $ 45,522 | $ 17,414 | |||
Shares issued for servies, related party, shares | 750,000 | |||||
Per share issued value | $ 2.50 | $ 2.50 | ||||
Shares issued for servies, related party, value | $ 1,875,000 | |||||
Maximum Ventures Holdings LLC | ||||||
Shares issued for servies, related party, shares | 1,450,000 | |||||
Per share issued value | $ 2.50 | 2.50 | ||||
Shares issued for servies, related party, value | $ 3,625,000 | |||||
Avatele Group LLC | ||||||
Shares issued for servies, related party, shares | 1,450,000 | |||||
Per share issued value | $ 2.50 | $ 2.50 | ||||
Shares issued for servies, related party, value | $ 3,625,000 | |||||
Chief Executive Officer | ||||||
Shares issued for debt, shares | 150,000,000 | |||||
Shares issued for servies, related party, shares | 362,500 | 362,500 | ||||
Per share issued value | $ 2.50 | $ 2.50 | ||||
Shares issued for servies, related party, value | $ 1,812,500 | |||||
Advance from officer | $ 494 | |||||
Accrued salary converted to common stock, noncash | 408,000 | |||||
Contributed officer salary, noncash | $ 24,000 |
Subsequent Events (Details)
Subsequent Events (Details) - shares | 2 Months Ended | 3 Months Ended |
Sep. 06, 2021 | Jun. 30, 2021 | |
Chief Executive Officer | ||
Shares issued for servies, related party, shares | 362,500 | 362,500 |
Services to be rendered, Aug 9, 2021 | ||
Shares issued for servies, related party, shares | 1,200,000 | |
Services to be rendered, Aug 14, 2021 | ||
Shares issued for servies, related party, shares | 1,000,000 |