Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2022 | May 23, 2022 | |
Document Information Line Items | ||
Entity Registrant Name | WEDOTALK INC. | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 20,000,000 | |
Amendment Flag | false | |
Entity Central Index Key | 0001422296 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Document Period End Date | Mar. 31, 2022 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q1 | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | true | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 000-55973 | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 83-0610554 | |
Entity Address, Address Line One | House 1E1 | |
Entity Address, Address Line Two | Zhuoyue Weigang North | |
Entity Address, Address Line Three | Nanshan District | |
Entity Address, City or Town | Shenzhen | |
Entity Address, Country | CN | |
Entity Address, Postal Zip Code | 518000 | |
City Area Code | (+86) | |
Local Phone Number | 138-2887-0006 | |
Entity Interactive Data Current | Yes |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 |
CURRENT ASSETS: | ||
Cash | ||
Total current assets | ||
TOTAL ASSETS | ||
CURRENT LIABILITIES: | ||
Accounts payable and Accrued Expenses | 37,013 | 53,145 |
Loan Payable – Related Party | 81,861 | 58,971 |
Total current liabilities | 118,874 | 112,116 |
Commitments and Contingencies | ||
STOCKHOLDERS’ DEFICIT | ||
Series A Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; 10,000,000 shares issued and outstanding | 10,000 | 10,000 |
Common stock, par value $0.001 per share; 190,000,000 shares authorized; 20,000,000 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively | 20,000 | 20,000 |
Additional paid in capital | 2,038,470 | 2,038,470 |
Accumulated deficit | (2,187,344) | (2,180,586) |
Total stockholders’ deficit | (118,874) | (112,116) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parentheticals) - $ / shares | Mar. 31, 2022 | Dec. 31, 2021 |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 190,000,000 | 190,000,000 |
Common stock, shares issued | 20,000,000 | 20,000,000 |
Common stock, shares outstanding | 20,000,000 | 20,000,000 |
Series A Preferred stock | ||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 10,000,000 | 10,000,000 |
Preferred stock, shares outstanding | 10,000,000 | 10,000,000 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Operating expenses | ||
Accounting and audit fees | $ 4,500 | |
Legal fees | 4,048 | |
Transfer agent fees | 460 | |
Total operating expense | 9,008 | |
Loss from operations | (9,008) | |
Other income | 2,250 | |
Total other income(loss) | 2,250 | |
Net income | $ (6,758) | |
Net income per common share – basic and diluted (in Dollars per share) | ||
Weighted average common shares outstanding – basic and diluted (in Shares) | 20,000,000 | 20,000,000 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
OPERATING ACTIVITIES: | ||
Net income (loss) | $ (6,758) | |
Adjustments to reconcile net loss to net cash (used in) operating activities: | ||
Accounts payable and accrued expenses | (16,132) | |
Loan payable – related party | 22,890 | |
NET CASH USED IN OPERATING ACTIVITIES | ||
FINANCING ACTIVITIES: | ||
None | ||
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||
NET INCREASE IN CASH | ||
CASH – BEGINNING OF PERIOD | 4,135 | |
CASH – END OF PERIOD | 4,135 | |
Cash paid for: | ||
Income tax | ||
Interest | ||
Non-cash investing and financing activities: | ||
Payment on Notes payable – related party |
Condensed Statement of Stockhol
Condensed Statement of Stockholders’ Deficit (Unaudited) - USD ($) | Common Stock | Preferred Stock | Additional Paid-in Capital | Accumulated Deficit | Total |
Balance at Dec. 31, 2020 | $ 20,000 | $ 10,000 | $ 2,038,470 | $ (2,104,596) | $ (36,126) |
Balance (in Shares) at Dec. 31, 2020 | 20,000,000 | 10,000,000 | |||
Net loss for the period | |||||
Balance at Mar. 31, 2021 | $ 20,000 | $ 10,000 | 2,038,470 | (2,104,596) | (36,126) |
Balance (in Shares) at Mar. 31, 2021 | 20,000,000 | 10,000,000 | |||
Balance at Dec. 31, 2021 | $ 20,000 | $ 10,000 | 2,038,470 | (2,180,586) | (112,116) |
Balance (in Shares) at Dec. 31, 2021 | 20,000,000 | 10,000,000 | |||
Net loss for the period | (6,758) | (6,758) | |||
Balance at Mar. 31, 2022 | $ 20,000 | $ 10,000 | $ 2,038,470 | $ (2,187,344) | $ (118,874) |
Balance (in Shares) at Mar. 31, 2022 | 20,000,000 | 10,000,000 |
Organization and basis of accou
Organization and basis of accounting | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Organization and basis of accounting | Note 1 – Organization and basis of accounting Basis of Presentation and Organization WedoTalk Inc. f/k/a Shentang International, Inc. (“we” or the “Company”) was incorporated in the State of Nevada on June 29, 2007. We were an exploration-stage company engaged in the exploration of mineral resource properties. On July 22, 2009, the Company conducted a 1-to-10 stock split (the “Stock Split”) of the issued and outstanding common stock, so the Company’s issued and outstanding shares increased from 1,670,000 to 16,700,000 with par value of $0.001. Pursuant to a board resolution dated October 21, 2009, the Company increased its authorized number of common stock from 50,000,000 to 190,000,000, and conducted a 2-for-5 reverse stock split (the “Reverse Stock Split”) of the issued and outstanding common stock. After the Reverse Stock Split, the Company’s issued and outstanding shares changed from 50,000,000 to 20,000,000 with par value of $0.001 effective on October 21, 2009. The Company had exclusive use of the core technologies, including hollow/solid glass processing technology, pure manual glass rod processing technology, wire processing technology and painting processing technology. It developed “Yi Fan Feng Shun” liquor vessel with the brand of Wu Liang Ye. The Company was engaged in expanding in the international market. The Company also planned to build or acquire its own production capacity to meet the demand in the domestic Chinese market by purchasing or acquiring new equipment of machine-made glass producing. The objective of the Company was to become a large-scaled glass craftwork supplier and further develop its innovational technology. On May 11, 2018, the eight judicial District Court of Nevada appointed Custodian Ventures, LLC as custodian for Shentang International Inc., proper notice having been given to the officers and directors of Shentang International, Inc. There was no opposition. On May 18, 2018, the Company filed a certificate of revival with the state of Nevada, appointing David Lazar as, President, Secretary, Treasurer and Director. On May 31, 2018, the Company obtained a promissory note payable to the Company in amount of $7,500 from its custodian, Custodian Ventures, LLC, the managing member being David Lazar. The note bears an interest of 3% and all unpaid interest and principal is due within 180 days following written demand. On May 31, 2018, the Company issued 27,000,000 shares of common stock to Custodian Ventures, LLC at par for shares valued at $27,000 in exchange for settlement of a portion of a related party loan for amounts advanced to the Company in the amount of $19,500, and the promissory note issued to the Company in the amount $7,500. On July 2, 2018, the Company terminated its registration with the Securities and Exchange Commission (the “SEC”). On August 2, 2018, the Company filed a Form 10-12G, and on September 18, 2018, the Company filed the Amendment No. 1 to Form 10-12G which went effective on October 1, 2018. On November 19, 2019, the Company board of directors determined that it is their best interest to redeem the 27,000,000 shares of common stock, held by Custodian Ventures, LLC. In addition, the company elected to cancel and return to the shareholder the promissory note dated May 31, 2018 in the principal amount of $7,500. The company shall also pay the additional amount of $19,168.97 by issuance of a promissory note and cancel interest of $331.03 due on the May 31, 2018 note. The promissory note dated November 19, 2019, in the amount of $ 19, 168.97 On April 29, 2020, Shentang International, Inc. (the “Company”) entered into and closed the transaction contemplated by a stock purchase agreement (the “Stock Purchase Agreement”) between the Company, Plentiful Limited, a Samoan company (the “Purchaser”), and Custodian Ventures, LLC, a Wyoming limited liability company (the “Principal”) controlled by David Lazar, an individual (together with the Principal, the “Seller”), the controlling shareholder of the Company. Pursuant to the Stock Purchase Agreement, Purchaser purchased 10,000,000 shares of preferred stock (the “Shares”) of the Company from the Principal. The full purchase price set forth in the Stock Purchase Agreement is $240,000, or $0.024, per share. Upon the closing, $225,000 of the purchase price was paid to Principal, and the balance of $15,000 will be paid once the Company’s common stock has received full DTC eligibility approval, subject to the condition that such approval must be obtained by June 5, 2020, or a later date as agreed by Purchaser. The Company’s common stock and preferred stock have different voting rights whereby one share of common stock is entitled to one (1) vote and one share of preferred stock is entitled to one hundred (100) votes. The Shares represent approximately 98% of the Company’s outstanding voting power as of the closing. Accordingly, as a result of the transaction, Purchaser became the controlling shareholder of the Company. In connection with the closing of the stock purchase transaction, on April 29, 2020, David Lazar, the sole director of the Company, submitted his resignation letter, pursuant to which he resigned from all offices of the Company that he held effective as of the closing of the stock purchase transaction and from the board of directors effective ten (10) days following the filing of Schedule 14f-1 with the SEC. The resignation of Mr. Lazar was not in connection with any known disagreement with the Company on any matter. Upon the closing of the stock purchase transaction, on April 29, 2020, Lei Xu was appointed as a director of the Company and for the offices previously held by Mr. Lazar, effective as of the closing of the stock purchase transaction. On December 14, 2021, the Company submitted an Issuer Company-Related Action Notification to FINRA regarding the Name Change. FINRA has not yet declared an effective date for the Name Change. Pending FINRA approval, the Company’s common stock will continue to trade on the OTC Pink Markets under the symbol “SHNL”. Copies of the Articles of Merger filed with the Secretary of State of Nevada and the Amended and Restated Bylaws are attached hereto as Exhibits 2.1 and 3.1, respectively, and are incorporated herein by reference. The only change to the Company’s Amended and Restated Articles of Incorporation and Amended and Restated Bylaws is the change of the Company’s corporate name from Shentang International, Inc. to WedoTalk Inc. in each document. On March 1, 2022, Shentang International, Inc. (the “Company”) filed Articles of Merger with the Secretary of State of Nevada to effectuate a merger between the Company and the Company’s newly formed, wholly owned subsidiary, WedoTalk Merger Sub, Inc. (the “Merger Sub”). According to the Articles of Merger, effective March 1, 2022, the Merger Sub merged with and into the Company with the Company continuing as the surviving entity (the “Merger”). As permitted by Chapter 92A.180 of Nevada Revised Statutes, the sole purpose of the Merger was to effect a change of the Company’s name. Upon the effectiveness of the filing of the Articles of Merger with the Secretary of State of Nevada, which is March 1, 2022, the Company’s Amended and Restated Articles of Incorporation were deemed amended to reflect the change in the Company’s corporate name from Shentang International, Inc. to WedoTalk Inc. (the “Name Change”). The Company also amended and restated its bylaws to be effective on March 1, 2022 to reflect the Name Change. The accompanying financial statements are prepared on the basis of accounting principles generally accepted in the United States of America (“GAAP”). The Company is a development stage enterprise devoting substantial efforts to establishing a new business, financial planning, raising capital, and research into products which may become part of the Company’s product portfolio. The Company has not realized significant sales through since inception. A development stage company is defined as one in which all efforts are devoted substantially to establishing a new business and, even if planned principal operations have commenced, revenues are insignificant. The accompanying financial statements have been prepared assuming the continuation of the Company as a going concern. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and is dependent on debt and equity financing to fund its operations. Management of the Company is making efforts to raise additional funding until a registration statement relating to an equity funding facility is in effect. While management of the Company believes that it will be successful in its capital formation and planned operating activities, there can be no assurance that the Company will be able to raise additional equity capital, or be successful in the development and commercialization of the products it develops or initiates collaboration agreements thereon. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company 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 2 – Summary of significant accounting policies Cash and Cash Equivalents For purposes of reporting within the statements of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents. Fair Value Measurement The Company values its convertible notes and amounts due to related partings and short term loans payable under FASB ASC 820 which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The three levels of the fair value hierarchy are as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities. Level 2 - Valuations for assets and liabilities that can be obtained from readily available pricing sources via independent providers for market transactions involving similar assets or liabilities. The Company’s principal markets for these securities are the secondary institutional markets, and valuations are based on observable market data in those markets. Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. The Company uses Level 3 to value its derivative instruments. Employee Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC 718 Compensation - Stock Compensation (“ASC 718”). ASC 718 addresses all forms of share-based payment (“SBP”) awards including shares issued under employee stock purchase plans and stock incentive shares. Under ASC 718 awards result in a cost that is measured at fair value on the awards’ grant date, based on the estimated number of awards that are expected to vest and will result in a charge to operations. Subsequent Event The Company evaluated subsequent events through the date when financial statements are issued for disclosure consideration. Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and 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. |
Discontinued Operations
Discontinued Operations | 12 Months Ended |
Dec. 31, 2021 | |
Discontinued Operations [Abstract] | |
Discontinued Operations | Note 3 – Discontinued Operations The Company has fully impaired all assets since the shutdown of its operations in 2009 and has recorded the effects of this impairment as part of its discontinued operations. With the absence of a substantial amount of the old records and the passage of the statute of limitations the company has recorded a discontinued operations expense in 2018 the most current year since operations shutdown based on the accumulated records obtained to date through the first quarter 2022. |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2022 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 4 – Related Party Transactions On November 19, 2019, the Company board of directors determined that it is their best interest to redeem the 27,000,000 shares of common stock, held by Custodian Ventures, LLC. In addition, the company elected to cancel and return to the shareholder the promissory note dated May 31, 2018 in the principal amount of $7,500. The company shall also pay the additional amount of $19,168.97 by issuance of a promissory note and cancel interest of $331.03 due on the May 31, 2018 note. The promissory note dated November 19, 2019, in the amount of $19, 168.97 is due and payable in full within one hundred eight (180) days following written demand by the holder and bears an interest rate of 3% per annum. On April 29, 2020, the Custodian Ventures LLC agreed to forgive all amounts owed on the November 19, 2019 promissory note of $19,168.97, including accrued interest for a total of $19,522. As of June 30, 2020, $0 remains outstanding. On April 29, 2020, Shentang International, Inc. (the “Company”) entered into and closed the transaction contemplated by a stock purchase agreement (the “Stock Purchase Agreement”) between the Company, Plentiful Limited, a Samoan company (the “Purchaser”), and Custodian Ventures, LLC, a Wyoming limited liability company (the “Principal”) controlled by David Lazar, an individual (together with the Principal, the “Seller”), the controlling shareholder of the Company. Pursuant to the Stock Purchase Agreement, Purchaser purchased 10,000,000 shares of preferred stock (the “Shares”) of the Company from the Principal. The full purchase price set forth in the Stock Purchase Agreement is $240,000, or $0.024, per share. Upon the closing, $225,000 of the purchase price was paid to Principal, and the balance of $15,000 will be paid once the Company’s common stock has received full DTC eligibility approval, subject to the condition that such approval must be obtained by June 5, 2020, or a later date as agreed by Purchaser. Accordingly, as a result of the transaction, Purchaser became the controlling shareholder of the Company. On April 29, 2020, the Custodian Ventures LLC agreed to forgive all amounts owed on the November 19, 2019 promissory note of $19,168.97, including accrued interest for a total of $19,522 and the unsecured non interest bearing note in the amount of $72,284. During the quarter ended March 31, 2022, Plentiful Limited paid a total of $16,132 on behalf of the Company. As of March 31, 2022, the company had a loan payable remaining of $81,861 due to Plentiful Limited. This loan is unsecured, non-interest bearing, and has no specific terms for repayment. |
Common Stock
Common Stock | 3 Months Ended |
Mar. 31, 2022 | |
Common Stock [Abstract] | |
Common Stock | Note 5 – Common Stock On November 19, 2019, the Company board of directors determined that it is their best interest to redeem the 27,000,000 shares of common stock, held by Custodian Ventures, LLC. As of March 31, 2022 20,000,000 shares of common stock with par value of $0.001 remains outstanding. |
Preferred Stock
Preferred Stock | 3 Months Ended |
Mar. 31, 2022 | |
Preferred Stock [Abstract] | |
Preferred Stock | Note 6 – Preferred stock On November 07, 2019 the board of directors approved the issuance of 10,000,000 shares of Series A preferred stock to Custodian Ventures, LLC, with a par value of $0.001 per share for a total of $1,400,000 for consulting services to the company. As of March 31, 2022, 10,000,000 shares of preferred stock valued at $1,400,000 remains outstanding. |
Additional paid in capital
Additional paid in capital | 3 Months Ended |
Mar. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | |
Additional paid in capital | Note 7 – Additional paid in capital On April 29, 2020, the Custodian Ventures LLC agreed to forgive all amounts owed on the November 19, 2019 promissory note of $19,168.97, including accrued interest for a total of $19,522 as well as amounts owed on the unsecured, non interest bearing loan to Custodian Ventures LLC in the amount $72,284. Since both loans are considered related party debt the total of $91,806 was recorded in additional paid in capital. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 8 – Subsequent Events The Company evaluates events that occur after the year-end date through the date the financial statements are available to be issued. Accordingly, management has evaluated subsequent events through May 23, 2022, and has determined that there were no subsequent events, requiring adjustment to, or disclosure in, the financial statements. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Cash and Cash Equivalents | Cash and Cash Equivalents For purposes of reporting within the statements of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents. |
Fair Value Measurement | Fair Value Measurement The Company values its convertible notes and amounts due to related partings and short term loans payable under FASB ASC 820 which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The three levels of the fair value hierarchy are as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities. Level 2 - Valuations for assets and liabilities that can be obtained from readily available pricing sources via independent providers for market transactions involving similar assets or liabilities. The Company’s principal markets for these securities are the secondary institutional markets, and valuations are based on observable market data in those markets. Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. The Company uses Level 3 to value its derivative instruments. |
Employee Stock-Based Compensation | Employee Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC 718 Compensation - Stock Compensation (“ASC 718”). ASC 718 addresses all forms of share-based payment (“SBP”) awards including shares issued under employee stock purchase plans and stock incentive shares. Under ASC 718 awards result in a cost that is measured at fair value on the awards’ grant date, based on the estimated number of awards that are expected to vest and will result in a charge to operations. |
Subsequent Event | Subsequent Event The Company evaluated subsequent events through the date when financial statements are issued for disclosure consideration. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and 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. |
Organization and basis of acc_2
Organization and basis of accounting (Details) - USD ($) | 1 Months Ended | 3 Months Ended | |||||
Apr. 29, 2020 | Nov. 19, 2019 | May 31, 2018 | Oct. 21, 2009 | Jul. 22, 2009 | Mar. 31, 2022 | Dec. 31, 2021 | |
Organization and basis of accounting (Details) [Line Items] | |||||||
Stock split, description | the Company increased its authorized number of common stock from 50,000,000 to 190,000,000, and conducted a 2-for-5 reverse stock split (the “Reverse Stock Split”) of the issued and outstanding common stock. After the Reverse Stock Split, the Company’s issued and outstanding shares changed from 50,000,000 to 20,000,000 with par value of $0.001 effective on October 21, 2009. | On July 22, 2009, the Company conducted a 1-to-10 stock split (the “Stock Split”) of the issued and outstanding common stock, so the Company’s issued and outstanding shares increased from 1,670,000 to 16,700,000 with par value of $0.001. | |||||
Shares outstanding (in Shares) | 12,000,000 | ||||||
Newly issued shares (in Shares) | 33,300,000 | ||||||
Par value (in Dollars per share) | $ 0.001 | $ 0.001 | |||||
Note payable | $ 19,168.97 | $ 7,500 | |||||
Interest rate, percentage | 3.00% | 3.00% | |||||
Principal due | 180 days | ||||||
Note issued | $ 7,500 | ||||||
Promissory note | May 31, 2018 | ||||||
Interest amount | $ 7,500 | ||||||
Additional amount | 19,168.97 | ||||||
Cancel interest | $ 331.03 | ||||||
Stock purchase agreement, description | Pursuant to the Stock Purchase Agreement, Purchaser purchased 10,000,000 shares of preferred stock (the “Shares”) of the Company from the Principal. The full purchase price set forth in the Stock Purchase Agreement is $240,000, or $0.024, per share. Upon the closing, $225,000 of the purchase price was paid to Principal, and the balance of $15,000 will be paid once the Company’s common stock has received full DTC eligibility approval, subject to the condition that such approval must be obtained by June 5, 2020, or a later date as agreed by Purchaser. The Company’s common stock and preferred stock have different voting rights whereby one share of common stock is entitled to one (1) vote and one share of preferred stock is entitled to one hundred (100) votes. The Shares represent approximately 98% of the Company’s outstanding voting power as of the closing. Accordingly, as a result of the transaction, Purchaser became the controlling shareholder of the Company. | ||||||
Common Stock [Member] | |||||||
Organization and basis of accounting (Details) [Line Items] | |||||||
Common stock issued (in Shares) | 50,000,000 | ||||||
Common stock outstanding (in Shares) | 50,000,000 | ||||||
Par value (in Dollars per share) | $ 0.001 | ||||||
Custodian Ventures LLC [Member] | |||||||
Organization and basis of accounting (Details) [Line Items] | |||||||
Common stock shares issued (in Shares) | 27,000,000 | ||||||
Common stock shares value | $ 27,000 | ||||||
Repayments of Related Party Debt | $ 19,500 | $ 91,806 | |||||
Custodian Ventures LLC [Member] | Common Stock [Member] | |||||||
Organization and basis of accounting (Details) [Line Items] | |||||||
Redeem shares of common stock (in Shares) | 27,000,000 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | 1 Months Ended | |||
Apr. 29, 2020 | Nov. 19, 2019 | Mar. 31, 2022 | Jun. 30, 2020 | |
Related Party Transactions (Details) [Line Items] | ||||
Principal amount | $ 7,500 | |||
Issuance of interest due | $ 331.03 | |||
Maturity date, Description | The promissory note dated November 19, 2019, in the amount of $19, 168.97 is due and payable in full within one hundred eight (180) days following written demand by the holder and bears an interest rate of 3% per annum. | |||
Promissory note amount | $ 0 | |||
Total accrued interest | $ 19,522 | |||
Promissory note, description | the Custodian Ventures LLC agreed to forgive all amounts owed on the November 19, 2019 promissory note of $19,168.97, including accrued interest for a total of $19,522 and the unsecured non interest bearing note in the amount of $72,284. | |||
Paid amount | $ 16,132 | |||
Remaining loan payable | $ 81,861 | |||
Preferred Stock [Member] | ||||
Related Party Transactions (Details) [Line Items] | ||||
Stock purchase agreement, description | Pursuant to the Stock Purchase Agreement, Purchaser purchased 10,000,000 shares of preferred stock (the “Shares”) of the Company from the Principal. The full purchase price set forth in the Stock Purchase Agreement is $240,000, or $0.024, per share. Upon the closing, $225,000 of the purchase price was paid to Principal, and the balance of $15,000 will be paid once the Company’s common stock has received full DTC eligibility approval, subject to the condition that such approval must be obtained by June 5, 2020, or a later date as agreed by Purchaser. Accordingly, as a result of the transaction, Purchaser became the controlling shareholder of the Company. | |||
Custodian Ventures, LLC [Member] | ||||
Related Party Transactions (Details) [Line Items] | ||||
Redemption of common stock (in Shares) | 27,000,000 | |||
David Lazar [Member] | ||||
Related Party Transactions (Details) [Line Items] | ||||
Principal amount | $ 19,168.97 | |||
Promissory note amount | $ 19,168.97 |
Common Stock (Details)
Common Stock (Details) - $ / shares | Mar. 31, 2022 | Dec. 31, 2021 | Nov. 19, 2019 |
Common Stock (Details) [Line Items] | |||
Common stock shares outstanding | 20,000,000 | 20,000,000 | |
Common stock with par value (in Dollars per share) | $ 0.001 | ||
Custodian Ventures, LLC. [Member] | |||
Common Stock (Details) [Line Items] | |||
Shares of common stock | 27,000,000 |
Preferred Stock (Details)
Preferred Stock (Details) - USD ($) | Nov. 07, 2019 | Mar. 31, 2022 |
Preferred Stock [Member] | ||
Preferred Stock (Details) [Line Items] | ||
Preferred stock shares | 10,000,000 | |
Preferred stock value outstanding | $ 1,400,000 | |
Series A preferred stock [Member] | ||
Preferred Stock (Details) [Line Items] | ||
Issuance shares | 10,000,000 | |
Par value | $ 0.001 | |
Consulting services | $ 1,400,000 |
Additional paid in capital (Det
Additional paid in capital (Details) - Custodian Ventures LLC [Member] - USD ($) | 1 Months Ended | 3 Months Ended | |
Nov. 19, 2019 | May 31, 2018 | Mar. 31, 2022 | |
Additional paid in capital (Details) [Line Items] | |||
Promissory note | $ 19,168.97 | ||
Accrued interest | 19,522 | ||
Unsecured loan | $ 72,284 | ||
Related party debt | $ 19,500 | $ 91,806 |