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TRXA Trex Acquisition

Cover

Cover - USD ($)12 Months Ended
Jun. 30, 2020Aug. 27, 2021Dec. 31, 2019
Cover [Abstract]
Entity Registrant NameTrex Acquisition Corp.
Entity Central Index Key0001437750
Document Type10-K
Amendment Flagfalse
Entity Voluntary FilersNo
Current Fiscal Year End Date--06-30
Entity Well Known Seasoned IssuerNo
Entity Small Businesstrue
Entity Shell Companytrue
Entity Emerging Growth Companyfalse
Entity Current Reporting StatusNo
Document Period End DateJun. 30,
2020
Entity Filer CategoryNon-accelerated Filer
Document Fiscal Period FocusFY
Document Fiscal Year Focus2020
Entity Common Stock Shares Outstanding14,669,106
Entity Public Float $ 49,351
Document Annual Reporttrue
Document Transition Reportfalse
Entity Interactive Data CurrentNo

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)Jun. 30, 2020Jun. 30, 2019
CURRENT ASSETS:
Cash $ 0 $ 0
TOTAL CURRENT ASSETS0 0
Prepaid consulting0 21,000
TOTAL ASSETS0 21,000
CURRENT LIABILITIES:
Accounts Payable and Accrued Expenses3,227 3,148
Due to Related Party419,716 353,220
Notes Payable Related Party53,900 53,900
TOTAL CURRENT LIABILITIES476,843 410,268
TOTAL LIABILITIES476,843 410,268
Commitments and Contingencies0 0
STOCKHOLDERS' EQUITY (DEFICIT)
Common Stock, 0.001 par value, authorized 150,000,000 shares and 103,073 issued and outstanding as of June 30, 2020 and June 30, 2019 respectively103 103
Additional Paid In Capital815,996 815,996
Shares to be issued1,105,674 1,105,674
Accumulated deficit(2,398,616)(2,311,041)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)(476,843)(389,268)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 0 $ 21,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / sharesJun. 30, 2020Jun. 30, 2019
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, shares par value $ 0.001 $ 0.001
Common stock, shares authorized150,000,000 150,000,000
Common stock, shares issued103,073 103,073
Common stock, shares outstanding103,073 103,073

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)12 Months Ended
Jun. 30, 2020Jun. 30, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS
REVENUE $ 0 $ 0
EXPENSES
Transfer Agent and Filing Fees3,879 2,650
Shares to be issued for services21,000 42,000
Management and Consulting Fees60,000 60,000
Administration Fees0 0
TOTAL EXPENSES84,879 104,650
Loss from Operations(84,879)(104,650)
Interest Expense(2,696)(2,692)
LOSS BEFORE TAXES(87,575)(107,342)
Provision for Income Taxes0 0
NET LOSS $ (87,575) $ (107,342)
NET LOSS PER COMMON SHARE - BASIC & DILUTED $ (0.85) $ (1.04)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC & DILUTED103,073 103,073

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)TotalCommon StockAdditional Paid-in CapitalShares to be issuedAccumulated Deficit
Balance, shares at Jun. 30, 2018103,073
Balance, amount at Jun. 30, 2018 $ (281,926) $ 103 $ 815,996 $ 1,105,674 $ (2,203,699)
Net Loss(107,342)(107,342)
Balance, shares at Jun. 30, 2019103,073
Balance, amount at Jun. 30, 2019(389,268) $ 103 815,996 1,105,674 (2,311,041)
Net Loss(87,575)(87,575)
Balance, shares at Jun. 30, 2020103,073
Balance, amount at Jun. 30, 2020 $ (476,843) $ 103 $ 815,996 $ 1,105,674 $ (2,398,616)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)12 Months Ended
Jun. 30, 2020Jun. 30, 2019
OPERATING ACTIVITIES
Net Income (Loss) $ (87,575) $ (107,342)
Shares to be issued for services21,000 42,000
Shares to be issued for failed merger0 0
Change in Related Party Advances66,496 65,942
Change Accounts Payable and Accrued Expenses79 (600)
Net Cash Used by Operating Activities0 0
FINANCING ACTIVITIES:
Proceeds from common stock subscriptions0 0
Proceeds from notes payable related party0 0
Net cash provided by financing activities0 0
NET INCREASE (DECREASE) IN CASH0 0
CASH AT BEGINNING OF PERIOD0 0
CASH AT END OF PERIOD0 0
Supplemental Cashflow Information
Interest Paid $ 0 $ 0

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS12 Months Ended
Jun. 30, 2020
ORGANIZATION AND DESCRIPTION OF BUSINESS
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESSTREX Acquisition Corp. (The “Company”) was formed on January 16, 2008 in the state of Nevada under the name Plethora Resources, Inc. as a development stage enterprise. The Company was originally organized to engage in the business of consulting to oil and gas exploration companies interested in obtaining exploration and production licenses at auction for oil and gas properties in Russia. The Company later changed its name to Sync2 Networks Corp when the Company began to engage in software-related services. On March 20, 2014 to TREX Acquisition Corp. after the Company business operations had ceased. As of June 30, 2020, the Company consists of itself and its 100% owned subsidiary Sync2 Networks International Ltd. On April 7, 2014, our Board of Directors deemed it in the best interests of the Company and its shareholders to domesticate our subsidiary, Sync2 International Ltd., as a corporation formed under the laws of Malta to a corporation formed under the laws of the State of Nevada (the “Domestication”), which under Nevada statutory law involves the transfer of an existing corporation from one jurisdiction to another whereby Sync2 Networks International Ltd. shall cease all operations in Malta. On May 1, 2014, we filed Articles of Domestication with the Nevada Secretary of State effecting the domestication of Sync2 International Ltd. as a corporate entity formed under the laws of the State of Nevada, which domestication provides that Sync2 International Ltd. as domesticated in the State of Nevada shall be the same entity as Sync2 International Ltd. organized under the laws of Malta. The Company’s business plan is to find a merger candidate and become an operating company or to be a corporate governance and management company. 2020 TRXA Merger Sub Inc. On March 13, 2020, the Company incorporated a wholly owned subsidiary, TRXA Merger Sub Inc., a Delaware corporation (“Merger Sub”) in order to facilitate the acquisition of a pre-revenue Software-as-a-Service internet platform business. The Company’s sole Officer and Director currently serves as the sole officer and director of the Merger Sub. As of the date of this filing, neither the Company nor the Merger Sub have entered into a definitive agreement or non-binding letter of intent to acquire a company. The Company’s Acquisition Consultants continue to provide vetted candidates for merger with the Company.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES12 Months Ended
Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESBasis of Presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented Determination of Bad Debts The Company’s policy is to analyze the collectability of Accounts and Notes Receivable on a monthly basis to determine whether any allowance for doubtful accounts is necessary. Once the allowance has been determined the offset is booked to bad debt expense and subsequently if the account is deemed to be a bad debt, it is written off the e allowance for doubtful accounts. Principles of Consolidation The accounts include those of the Company and its 100% owned subsidiary. All intercompany transactions have been eliminated. At this time, SYNC2 International LTD has no operations, assets or liabilities. On March 13, 2020, the Company incorporated a wholly owned subsidiary, TRXA Merger Sub Inc., a Delaware corporation (“Merger Sub”) in order to facilitate the acquisition of a pre-revenue Software-as-a-Service internet platform business. The Company’s sole Officer and Director currently serves as the sole officer and director of the Merger Sub. As of the date of this filing, neither the Company nor the Merger Sub have entered into a definitive agreement or non-binding letter of intent to acquire a company. The Company’s Acquisition Consultants continue to provide vetted candidates for merger with the Company. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S.) GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximate the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at June 30, 2020. The assets and liabilities recorded on the balance sheet approximate their fair value. Equipment Equipment is recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation of equipment is computed by the straight-line method (after taking into account their respective estimated residual values) over the assets estimated useful life of three (3) or seven (7) years. Upon sale or retirement of equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations. Stock based compensation The Company accounts for stock-based compensation in accordance with ASC Section 718 Compensation – Stock Compensation. Under the fair value recognition provisions of ASC 718 stock based compensation is measured at the grant date based on the fair value of the award and is recognized as expensed ratably over the requisite service period/vesting period. The company accounts for its non-employee stock-based compensation in accordance with Update 2018-07—Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. Commitments and contingencies The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. Since June 30, 2020 and through the date of filing, there have been no intervening lawsuits, claims or judgments filed. Revenue recognition The Company recognizes revenue under ASU No. 2014-09, ”Revenue from Contracts with Customers (Topic 606),” · Identify the contract with the customer · Identify the performance obligations in the contract · Determine the transaction price · Allocate the transaction price to the performance obligations in the contract · Recognize revenue when the company satisfies a performance obligation Income taxes Federal Income taxes are not currently due since we have had losses since inception. On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the years ended June 30, 2020 using a Federal Tax Rate of 21%. Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of June 30, 2020, we had a net operating loss carry-forward of approximately $(2,398,616) and a deferred tax asset of $503,709 using the statutory rate of 21%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $(503,709). FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and June 30, 2020 June 30, 2019 Deferred Tax Asset $ 503,709 $ 485,319 Valuation Allowance (503,709 ) (485,319 ) Deferred Tax Asset (Net) $ - $ - Due to the changes the Tax Reform Act of 1986 and the Tax Cut and Jobs Act of 2017, net operating loss carryforwards for Federal Income tax reporting purposes are subject to additional limitations. Should certain changes in ownership occur, our net operating loss carryforwards may be limited to use in future years. In addition, tax rates on corporations were reduced and certain other deductions limited. These changes may affect the income tax benefit calculation and related allowance during subsequent fiscal years Net income (loss) per common share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There were 1,835,835 potentially dilutive shares outstanding as of June 30, 2020 resulting from shares to be issued per the conversion of related party debt (see Note 4). We also had 450,000 in shares to be issued for services that were unissued at June 30, 2020. We also had outstanding warrants that could convert into 187,500 shares of common stock as of June 30, 2020. At the end of both periods the potentially dilutive shares were excluded because the effect would have been anti-dilutive. Cash flows reporting The Company adopted paragraph 230-10-45-24 of the FASB Accounting Standards Codification for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by paragraph 230-10-45-25 of the FASB Accounting Standards Codification to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period pursuant to paragraph 830-230-45-1 of the FASB Accounting Standards Codification. Advertising Costs Subsequent events The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer, considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

GOING CONCERN

GOING CONCERN12 Months Ended
Jun. 30, 2020
GOING CONCERN
NOTE 3 - GOING CONCERNAs reflected in the accompanying financial statements, the Company had an accumulated deficit of $2,398,616 and a working capital deficit of $476,843 as of June 30, 2020. While the Company is attempting to commence operations and generate revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect and there is substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

RELATED PARTY TRANSACTONS

RELATED PARTY TRANSACTONS12 Months Ended
Jun. 30, 2020
RELATED PARTY TRANSACTONS
NOTE 4 - RELATED PARTY TRANSACTIONSOn June 24, 2014 the company entered into an unsecured promissory note with Lazarus asset management, LLC. in the amount of $34,550 with an interest rate of 5% per annum and a due date of June 24, 2015. This note is currently in default. As of June 30, 2020, the accrued interest on this note was $10,402. On June 24, 2014, the company entered into an unsecured promissory note with Squadron Marketing, Inc. in the amount of $19,350 with an interest rate of 5% per annum and a due date of June 24, 2015. This note is currently in default. As of June 30, 2020, the accrued interest on this note was $5,825. On July 1, 2014, the Company entered into management agreements with Squadron Marketing, Inc. and Lazarus Asset Management, LLC for $30,000 each annually to assist the Company in obtaining potential merger candidates, negotiating the merger agreements, drafting, along with the Company’s attorney, offering documents, and assisting with closing the transactions. The agreements resulted in Management Fee expense of $60,000 for the years ended June 30, 2020 and June 30, 2019. These amounts were unpaid at June 30, 2020. On January 1, 2015, the company entered into a management agreement with Frank Horkey for a period of 5 years and will issue 350,000 shares of its common stock as consideration and is accounted for on the balance sheet as shares to be issued and will be expensed over the life of the contract (5 years), which resulted in a prepaid consulting expense of $210,000. They were valued on the date of the agreement and the stock price at that time was $.60. As of June 30, 2018, the shares were unissued and recorded as shares to be issued. For the years ended June 30, 2020 and 2019 the company amortized and expensed $21,000 and $42,000 respectively. 2018 Failed Reverse Merger Attempt On April 19, 2018, the Company entered into a non-binding indication of interest (“LOI”) to acquire Kaneptec Enterprises, Inc., a company engaged in the hemp and cannabidiol business (“Kaneptec”) in a reverse merger (the “Kaneptec Transaction”). In reliance of the LOI, the Company sold 350,000 shares to a related party for $47,500, and this cash was transferred to Kaneptec in order to facilitate the Kaneptec Transaction. This potential merger candidate also advanced approximately $20,000 to the Company in anticipation of the Kaneptec Transaction. During the due diligence phase, the Company’s consultants discovered that Kaneptec’s management had made material misrepresentations regarding its business and management; therefore, the Company ceased all further negotiations with Kaneptec. The Company has not recovered any sums advanced to Kaneptec in contemplation of the failed Kaneptec Transaction. Free office space The Company has been provided office space by its Chief Executive Officer at no cost. The management determined that such cost is nominal and did not recognize the rent expense in its financial statements. Due to Related Parties During the year ended June 30, 2020, the Company incurred management fees to related parties of $60,000. During the year ended June 30, 2020, related parties advanced $3,800.

COMMON STOCK

COMMON STOCK12 Months Ended
Jun. 30, 2020
COMMON STOCK
NOTE 5 - COMMON STOCKOn January 1, 2015, the Company entered into a management agreement for a period of 5 years and will issue 350,000 shares of its common stock as consideration and is accounted for on the balance sheet as shares to be issued and will be expensed over the life of the contract (5 years), which resulted in a prepaid consulting expense of $210,000. They were valued on the date of the agreement and the stock price at that time was $.60. For the three months ended September 30, 2019 and 2018 we expensed $10,500 and $10,500 respectively. These shares were issued as part of the January resolution referenced below. On January 1, 2015, the Company entered into a management agreement for a period of 2 years and will issue 100,000 shares of its common stock as consideration and is accounted for on the balance sheet as shares to be issued and will be expensed over the life of the contract (2 years), which resulted in a prepaid consulting expense of $60,000. They were valued on the date of the agreement and the Company’s stock price at that time was $.60. For the three months ended September 30, 2019 and 2018 we expensed $0 and $0 respectively. These shares were issued as part of the January resolution referenced below. On January 21, 2020, the Company formally resolved to issue (a) 1,835,835 shares of its common stock in connection with prior Boardwalk convertible debt conversions, (b) 450,000 shares of its common stock in connection with management compensation, (c) 250,000 shares of its common stock to unit subscribers in connection with the failed Kerr transaction, and (d) 350,000 shares of its common stock in connection with a 2018 private sale of 350,000 shares to a related party for $47,500. These shares were issued on September 9, 2020. On March 12. 2020, the Company resolved to issue 300,000 shares of its common stock in connection to professional service providers pursuant to their respective engagement agreements. These shares were issued on September 9, 2020. On June 24, 2020, the Company resolved to issue 8,900,000 shares of its common stock in connection with the conversion of $890,000 in debt owed to consultants pursuant to a July 1,2014 consulting agreement. These shares were issued on September 9, 2020. On September 9. 2020, the Company issued 200,198 shares of its common stock in connection to expenses paid by related parties. In accordance with the terms and provisions of that certain Settlement Agreement dated October 9, 2020 (the "Settlement Agreement"), on November 20, 2020 TREX Acquisition Corp. issued to Squadron Marketing LLC, 400,000 of the Company’s common stock and to Lazarus Asset Management LLC, 400,000 of its common stock and 500,000 shares of its common stock were issued to the estate of a former shareholders. These shares were issued on November 23, 2022. On March 24, 2021 the company issued 980,000 were issued for services rendered.

WARRANTS

WARRANTS12 Months Ended
Jun. 30, 2020
WARRANTS
NOTE 6 - WARRANTSOn May 3, 2014, it was resolved that the Company shall offer 250,000 Units at a price of $.80 per unit. Each Unit shall consist of (a) one (1) share of common stock and (b) a combination of series A warrants (which may be exercised within three (3) years) and series B warrants exercised within five (5) years of the consummation of a merger. On May 14, 2014, the company entered into a subscription agreement for 157,500 units at $.80 per share for a total of $125,000 Each unit consists of one (1) share of common stock and one (1) series A warrant to purchase one share of common stock at $1.25 per share. Each A warrant expires three years from the date of issuance. On May 14, 2014, the company entered into a subscription agreement for 32,000 units at $.80 per share for a total of $25,000. Each unit consists of one (1) share of common stock and one (1) series A warrant to purchase one share of common stock at $1.25 per share. Each A warrant expires three years from the date of issuance. On July 14, 2014, the company entered into a subscription agreement for 62,500 units at $.80 per share for a total of $50,000. Each unit consists of one (1) share of common stock, and two (2) Series A warrants to purchase one (1) share of common stock at $.65 per share and one (1) series B warrant to purchase one (1) share of common stock at $.80. Each series A warrant expires three years from the consummation of a merger and each series B warrant expires 5 years from the consummation a merger. The Company may call the B Warrants at such point the quoted market closing price is at least $2.50 for 20 consecutive trading days. In the event the Company calls the Warrants, it shall immediately notify holders of the Warrants of the call. Warrants holders will be granted a period of 45 calendar days to redeem the Warrants by returning the Warrant to the Company accompanied by payment of $.80 per share. The warrants were valued using a Black Scholes calculation. The inputs for series A used a price $.59, a strike price range of .65 – 1.25, maturity 3 years, a risk-free interest rate of 3.9% and a beta of 50% estimated and were valued at $.202. The inputs for series B used a price $.59, a strike price of .80, maturity 5 years, a risk-free interest rate of 3.9% and a beta of 50% estimated and were valued at $.232. As of the filing date of this annual report, 189,500 A warrants have expired leaving only 125,000 A Warrants and 62,500 B Warrants remaining effective since the Company has yet to consummate a merger. The following is the outstanding warrant activity: Warrants - Common Share Equivalents Weighted Average Exercise price Warrants exercisable - Common Share Equivalents Weighted Average Exercise price Weighted average life in years Outstanding June 30, 2018 187,500 $ 0.75 187,500 $ 0.75 3.67 Additions Granted - - - - Expired Expired - $ - - - Exercised - - - - Outstanding June 30, 2019 187,500 $ 0.75 187,500 $ 0.75 3.67 Additions Granted - - - - Expired Expired - $ - - - Exercised - - - - Outstanding June 30, 2020 187,500 $ 0.75 187,500 $ 0.75 3.67

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS12 Months Ended
Jun. 30, 2020
SUBSEQUENT EVENTS
NOTE 7 - SUBSEQUENT EVENTSThe Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The Management of the Company determined that the following subsequent events needed to be disclosed. 2020 and 2021 Stock Issuances On January 21, 2020, the Company formally resolved to issue (a) 1,835,835 shares of its common stock in connection with prior Boardwalk convertible debt conversions, (b) 450,000 shares of its common stock in connection with management compensation, (c) 250,000 shares of its common stock to unit subscribers in connection with the failed Kerr transaction, and (d) 350,000 shares of its common stock in connection with a 2018 private sale of 350,000 shares to a related party for $47,500. These shares were issued on September 9, 2020. On March 12. 2020, the Company resolved to issue 300,000 shares of its common stock in connection to professional service providers pursuant to their respective engagement agreements. These shares were issued on September 9, 2020. On June 24, 2020, the Company resolved to issue 8,900,000 shares of its common stock in connection with the conversion of $890,000 in debt owed to consultants pursuant to a July 1,2014 consulting agreement. These shares were issued on September 9, 2020. On September 9. 2020, the Company issued 200,198 shares of its common stock in connection to expenses paid by related parties. In accordance with the terms and provisions of that certain Settlement Agreement dated October 9, 2020 (the "Settlement Agreement"), on November 20, 2020 TREX Acquisition Corp. issued to Squadron Marketing LLC, Four Hundred Thousand Shares (400,000) of the Company’s common stock and to Lazarus Asset Management LLC, Four Hundred Thousand Shares (400,000) of its common stock and 500,000 were issued to the estate of a former shareholders. These shares were issued on November 23, 2022. On March 24, 2021 the company issued 980,000 were issued for services rendered. During the Fiscal year ended June 30, 2021 two related parties’ paid expenses on behalf of the company in the amount of $93,496.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)12 Months Ended
Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of PresentationThe Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented
Determination of Bad DebtsThe Company’s policy is to analyze the collectability of Accounts and Notes Receivable on a monthly basis to determine whether any allowance for doubtful accounts is necessary. Once the allowance has been determined the offset is booked to bad debt expense and subsequently if the account is deemed to be a bad debt, it is written off the e allowance for doubtful accounts.
Principles of ConsolidationThe accounts include those of the Company and its 100% owned subsidiary. All intercompany transactions have been eliminated. At this time, SYNC2 International LTD has no operations, assets or liabilities. On March 13, 2020, the Company incorporated a wholly owned subsidiary, TRXA Merger Sub Inc., a Delaware corporation (“Merger Sub”) in order to facilitate the acquisition of a pre-revenue Software-as-a-Service internet platform business. The Company’s sole Officer and Director currently serves as the sole officer and director of the Merger Sub. As of the date of this filing, neither the Company nor the Merger Sub have entered into a definitive agreement or non-binding letter of intent to acquire a company. The Company’s Acquisition Consultants continue to provide vetted candidates for merger with the Company.
Use of estimatesThe preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.
Cash equivalentsThe Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.
Fair value of financial instrumentsThe Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S.) GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximate the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at June 30, 2020. The assets and liabilities recorded on the balance sheet approximate their fair value.
EquipmentEquipment is recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation of equipment is computed by the straight-line method (after taking into account their respective estimated residual values) over the assets estimated useful life of three (3) or seven (7) years. Upon sale or retirement of equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations.
Stock based compensationsThe Company accounts for stock-based compensation in accordance with ASC Section 718 Compensation – Stock Compensation. Under the fair value recognition provisions of ASC 718 stock based compensation is measured at the grant date based on the fair value of the award and is recognized as expensed ratably over the requisite service period/vesting period. The company accounts for its non-employee stock-based compensation in accordance with Update 2018-07—Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting.
Commitments and contingenciesThe Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. Since June 30, 2020 and through the date of filing, there have been no intervening lawsuits, claims or judgments filed.
Revenue recognitionThe Company recognizes revenue under ASU No. 2014-09, ”Revenue from Contracts with Customers (Topic 606),” · Identify the contract with the customer · Identify the performance obligations in the contract · Determine the transaction price · Allocate the transaction price to the performance obligations in the contract · Recognize revenue when the company satisfies a performance obligation
Income taxesFederal Income taxes are not currently due since we have had losses since inception. On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the years ended June 30, 2020 using a Federal Tax Rate of 21%. Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. As of June 30, 2020, we had a net operating loss carry-forward of approximately $(2,398,616) and a deferred tax asset of $503,709 using the statutory rate of 21%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $(503,709). FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and June 30, 2020 June 30, 2019 Deferred Tax Asset $ 503,709 $ 485,319 Valuation Allowance (503,709 ) (485,319 ) Deferred Tax Asset (Net) $ - $ - Due to the changes the Tax Reform Act of 1986 and the Tax Cut and Jobs Act of 2017, net operating loss carryforwards for Federal Income tax reporting purposes are subject to additional limitations. Should certain changes in ownership occur, our net operating loss carryforwards may be limited to use in future years. In addition, tax rates on corporations were reduced and certain other deductions limited. These changes may affect the income tax benefit calculation and related allowance during subsequent fiscal years
Net income (loss) per common shareNet income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There were 1,835,835 potentially dilutive shares outstanding as of June 30, 2020 resulting from shares to be issued per the conversion of related party debt (see Note 4). We also had 450,000 in shares to be issued for services that were unissued at June 30, 2020. We also had outstanding warrants that could convert into 187,500 shares of common stock as of June 30, 2020. At the end of both periods the potentially dilutive shares were excluded because the effect would have been anti-dilutive.
Cash flows reportingThe Company adopted paragraph 230-10-45-24 of the FASB Accounting Standards Codification for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by paragraph 230-10-45-25 of the FASB Accounting Standards Codification to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period pursuant to paragraph 830-230-45-1 of the FASB Accounting Standards Codification.
Advertising CostsThe Company expenses the cost of advertising and promotional materials when incurred. Total Advertising costs were zero for all periods.
Subsequent eventsThe Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer, considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)12 Months Ended
Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of net deferred tax assets June 30, 2020 June 30, 2019 Deferred Tax Asset $ 503,709 $ 485,319 Valuation Allowance (503,709 ) (485,319 ) Deferred Tax Asset (Net) $ - $ -

WARRANTS (Tables)

WARRANTS (Tables)12 Months Ended
Jun. 30, 2020
WARRANTS
Schedule of outstanding warrant activity Warrants - Common Share Equivalents Weighted Average Exercise price Warrants exercisable - Common Share Equivalents Weighted Average Exercise price Weighted average life in years Outstanding June 30, 2018 187,500 $ 0.75 187,500 $ 0.75 3.67 Additions Granted - - - - Expired Expired - $ - - - Exercised - - - - Outstanding June 30, 2019 187,500 $ 0.75 187,500 $ 0.75 3.67 Additions Granted - - - - Expired Expired - $ - - - Exercised - - - - Outstanding June 30, 2020 187,500 $ 0.75 187,500 $ 0.75 3.67

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)12 Months Ended
Jun. 30, 2020
ORGANIZATION AND DESCRIPTION OF BUSINESS
Owned subsidiary percentage100.00%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)Jun. 30, 2020Jun. 30, 2019
Deferred Tax Assets - Non-current:
Deferred Tax Asset $ 503,709 $ 485,319
Valuation Allowance(503,709)(485,319)
Deferred Tax Asset (Net) $ 0 $ 0

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)1 Months Ended12 Months Ended
Dec. 22, 2018Jun. 30, 2020Jun. 30, 2019
Potentially dilutive shares outstanding1,835,835
Deferred Tax asset $ 503,709 $ 485,319
Statutory rate21.00%
Federal tax rate21.00%
Valuation allowance $ (503,709)
Net operating loss carry forward $ (2,398,616)
Owned subsidiary percentage100.00%
Shares issued upon service rendered, shares450,000
Deferred tax asset for future periods20 years
Description of federal corporate income tax rateThe Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018.
Shares issued upon conversion of warrant, shares187,500
Equipments [Member] | Maximum [Member]
Estimated useful life7 years
Equipments [Member] | Minimum [Member]
Estimated useful life3 years

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)Jun. 30, 2020Jun. 30, 2019
GOING CONCERN
Accumulated deficit $ (2,398,616) $ (2,311,041)
Working capital deficit $ (476,843)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)1 Months Ended12 Months Ended
Jun. 24, 2020Jan. 21, 2020Apr. 19, 2018Jun. 24, 2014Jun. 30, 2020Jun. 30, 2019
Management fee expense $ 60,000 $ 60,000
Related parties advanced $ 20,000 $ 3,800
Shares issued upon conversion of debt, shares8,900,000
January 1, 2015 [Member] | Management Agreement [Member]
Common stock shares issuable100,000
Consulting expense $ 60,000
Price per share$ .60
Squadron Marketing, Inc. and Lazarus Asset Management, Inc. [Member] | Related Party Transation [Member] | July 1, 2014 [Member]
Management fee expense $ 60,000 60,000
Agreement descriptionOn July 1, 2014, the Company entered into management agreements with Squadron Marketing, Inc. and Lazarus Asset Management, LLC for $30,000 each annually to assist the Company in obtaining potential merger candidates, negotiating the merger agreements, drafting, along with the Company’s attorney, offering documents, and assisting with closing the transactions.
Kaneptec Enterprises, Inc. [Member] | 2018 Failed Reverse Merger Attempt [Member]
Consideration amount, merger $ 20,000
Shares issued upon conversion of debt, shares350,000 350,000
Related party $ 47,500 $ 47,500
Lazarus asset management, LLC [Member]
Promissory note $ 34,550
Interest rate5.00%
Maturity dateJun. 24,
2015
Accrued interest $ 10,402
Squadron Marketing, Inc. [Member]
Promissory note $ 19,350
Interest rate5.00%
Maturity dateJun. 24,
2015
Accrued interest $ 5,825
Frank Horkey [Member] | January 1, 2015 [Member] | Management Agreement [Member]
Description of consulting agreementOn January 1, 2015, the company entered into a management agreement with Frank Horkey for a period of 5 years and will issue 350,000 shares of its common stock as consideration and is accounted for on the balance sheet as shares to be issued and will be expensed over the life of the contract (5 years),
Common stock shares issuable350,000
Amortization Expense $ 21,000 $ 42,000
Consulting expense $ 210,000
Price per share$ .60

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)Sep. 09, 2020Mar. 12, 2020Mar. 24, 2021Jun. 24, 2020Jan. 21, 2020Apr. 19, 2018Sep. 30, 2019Sep. 30, 2018Jun. 30, 2020Jun. 30, 2021
Shares issued upon conversion of debt, shares8,900,000
Shares issued for services rendered, shares300,000 980,000
Common stock, shares issued upon debt conversion, amount $ 890,000
Subsequent Event [Member]
Prepayment for future expense $ 200,198
Related party $ 93,496
BoardWalk [Member]
Shares issued upon conversion of debt, shares1,835,835
Common stock issued, management compensation450,000
2018 Failed Reverse Merger Attempt [Member] | Kaneptec Enterprises, Inc. [Member]
Shares issued upon conversion of debt, shares350,000 350,000
Related party $ 47,500 $ 47,500
Management Agreement [Member] | January 1, 2015 [Member]
Term of agreement2 years
Common stock shares issuable100,000
Price per share$ .60
Shares to be issued for services $ 0 $ 0
Consulting expenses $ 60,000
Management Agreement [Member] | January 1, 2015 [Member] | Frank Horkey [Member]
Term of agreement5 years
Common stock shares issuable350,000
Price per share$ .60
Shares to be issued for services $ 10,500 $ 10,500
Consulting expenses $ 210,000
Settlement Agreement [Member] | October 9, 2020 [Member]
Agreement descriptionTREX Acquisition Corp. issued to Squadron Marketing LLC, 400,000 of the Company’s common stock and to Lazarus Asset Management LLC, 400,000 of its common stock and 500,000 shares of its common stock were issued to the estate of a former shareholders
2020 Stock Issuances [Member]
Shares issued upon conversion of debt, shares1,835,835
Common stock issued, management compensation450,000
2020 Stock Issuances [Member] | Kerr [Member] | Private Placement [Member]
Shares issued for failed transaction250,000
Related party $ 47,500

WARRANTS (Details)

WARRANTS (Details) - Warrant [Member] - $ / shares12 Months Ended
Jun. 30, 2020Jun. 30, 2019
Warrants, outstanding, beginning balance187,500 187,500
Granted0 0
Expired0 0
Exercised0 0
Warrants, outstanding, ending balance187,500 187,500
Warrants, weighted average exercise price, beginning balance $ 0.75 $ 0.75
Warrants, weighted average exercise price, ending balance $ 0.75 $ 0.75
Warrants exercisable - common share equivalents, beginning balance187,500 187,500
Warrants exercisable - common share equivalents, Additions, Granted0 0
Warrants exercisable - common share equivalents, Expired0
Warrants exercisable - common share equivalents, Exercised0 0
Warrants exercisable - common share equivalents, Granted0 0
Warrants exercisable - common share equivalents, ending balance187,500 187,500
Weighted average exercise price per share beginning balance $ 0.75 $ 0.75
Weighted average exercise price per share ending balance $ 0.75 $ 0.75
Weighted average life in years, beginning outstanding3 years 8 months 1 day3 years 8 months 1 day
Weighted average life in years, ending outstanding3 years 8 months 1 day3 years 8 months 1 day

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)Jul. 14, 2014May 14, 2014May 03, 2014Jun. 30, 2020
Description of warrants exerciseEach Unit shall consist of (a) one (1) share of common stock and (b) a combination of series A warrants (which may be exercised within three (3) years) and series B warrants exercised within five (5) years of the consummation of a merger
Warrants issued, shares250,000
Exercise price$ .80
Warrants Series A [Member]
Warrants issued125,000
Warrants, outstanding189,500
Description of warrantThe inputs for series A used a price $.59, a strike price range of .65 – 1.25, maturity 3 years, a risk-free interest rate of 3.9% and a beta of 50% estimated and were valued at $.202. The inputs for series B used a price $.59, a strike price of .80, maturity 5 years, a risk-free interest rate of 3.9% and a beta of 50% estimated and were valued at $.232
Warrants B [Member]
Warrants issued62,500
Description of closing price of warrantThe Company may call the B Warrants at such point the quoted market closing price is at least $2.50 for 20 consecutive trading days. In the event the Company calls the Warrants, it shall immediately notify holders of the Warrants of the call. Warrants holders will be granted a period of 45 calendar days to redeem the Warrants by returning the Warrant to the Company accompanied by payment of $.80 per share
Subscription Arrangement Two [Member]
Warrants issued, shares62,500
Exercise price$ .80
Warrants issued, amount $ 50,000
Description of warrant issuedEach unit consists of one (1) share of common stock, and two (2) Series A warrants to purchase one (1) share of common stock at $.65 per share and one (1) series B warrant to purchase one (1) share of common stock at $.80. Each series A warrant expires three years from the consummation of a merger and each series B warrant expires 5 years from the consummation a merger
Subscription Arrangement One [Member]
Warrants issued, shares32,000
Exercise price$ .80
Warrants issued, amount $ 25,000
Description of warrant issuedEach unit consists of one (1) share of common stock and one (1) series A warrant to purchase one share of common stock at $1.25 per share. Each A warrant expires three years from the date of issuance.
Subscriptions Arrangements [Member]
Warrants issued, shares157,500
Exercise price$ .80
Warrants issued, amount $ 125,000
Description of warrant issuedEach unit consists of one (1) share of common stock and one (1) series A warrant to purchase one share of common stock at $1.25 per share. Each A warrant expires three years from the date of issuance.

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)Sep. 09, 2020Mar. 13, 2020Mar. 12, 2020Nov. 23, 2022Mar. 24, 2021Jun. 24, 2020Jan. 21, 2020Jun. 30, 2020Jun. 30, 2021
Shares issued upon conversion of debt, shares8,900,000
Common stock, shares issued upon debt conversion, amount $ 890,000
Shares issued for services rendered, shares300,000 980,000
Common stock shares issued187,500
Subsequent Event [Member]
Related party $ 93,496
Common stock shares issued500,000
Prepayment for future expense $ 200,198
TRXA Merger Sub Inc. [Member]
Agreement descriptionIn accordance with the terms and provisions of that certain Settlement Agreement dated October 9, 2020 (the “"Settlement Agreement”),"), on November 20, 2020 TREX Acquisition Corp. issued to Squadron Marketing LLC, Four Hundred Thousand Shares (400,000) of the Company’s common stock and to Lazarus Asset Management LLC, Four Hundred Thousand Shares (400,000) of its common stock
2020 Stock Issuances [Member]
Shares issued upon conversion of debt, shares1,835,835
Share issued for compensation450,000
2020 Stock Issuances [Member] | Kerr [Member] | Private Placement [Member]
Related party $ 47,500
Common stock shares issued for private placement350,000
Common stock shares issued during the period350,000
Shares issued for failed transaction250,000