Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Jul. 31, 2018 | Feb. 10, 2021 | Jan. 31, 2018 | |
Document Information Line Items | |||
Entity Registrant Name | 3D MAKERJET, INC. | ||
Document Type | 10-K | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Common Stock, Shares Outstanding | 130,200,000 | ||
Entity Public Float | $ 0 | ||
Amendment Flag | false | ||
Entity Central Index Key | 0001458023 | ||
Entity Current Reporting Status | No | ||
Entity Voluntary Filers | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Well-known Seasoned Issuer | No | ||
Document Period End Date | Jul. 31, 2018 | ||
Document Fiscal Year Focus | 2018 | ||
Document Fiscal Period Focus | FY | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | true | ||
Entity File Number | 000-1458023 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Interactive Data Current | No |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Jul. 31, 2018 | Jul. 31, 2017 |
ASSETS | ||
Total assets | ||
Current liabilities: | ||
Accounts payable and accrued liabilities | 232,227 | 232,227 |
Convertible notes | 602,693 | 602,693 |
Total current liabilities | 834,920 | 834,920 |
Convertible notes | ||
Notes payable -long term | 43,000 | 43,000 |
Total Liabilities | 877,920 | 877,920 |
Commitments and contingencies | ||
Stockholders’ Deficit: | ||
Preferred stock: $0.001 par value 10,000,000 shares authorized, none issued and outstanding | ||
Common stock, $0.001 par value, 300,000,000 shares authorized; 130,200,000 and 130,200,000 issued and outstanding as of July 31, 2018 and July 31, 2017 | 130,200 | 130,200 |
Additional paid-in capital | 780,659 | 780,659 |
Accumulated deficit | (1,788,779) | (1,788,779) |
Total stockholders’ equity | (877,920) | $ (877,920) |
Total liabilities and equity |
Balance Sheets (Unaudited) (Par
Balance Sheets (Unaudited) (Parentheticals) - $ / shares | Jul. 31, 2018 | Jul. 31, 2017 |
Statement of Financial Position [Abstract] | ||
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 | ||
Preferred stock, shares outstanding | ||
Common Stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common Stock, shares authorized | 300,000,000 | 300,000,000 |
Common Stock, shares issued | 130,200,000 | 130,200,000 |
Common Stock, shares outstanding | 130,200,000 | 130,200,000 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 12 Months Ended | |
Jul. 31, 2018 | Jul. 31, 2017 | |
Income Statement [Abstract] | ||
Revenue | ||
Cost of revenue | ||
Gross profit | ||
Operating expenses: | ||
Total operating expenses | ||
Income loss from operations | ||
Other income (expense) | ||
Interest income (expense) | ||
Other income (expense) | ||
Total other income (expense) | ||
Net loss | ||
Basic and diluted earnings (loss) per common share (in Dollars per share) | ||
Weighted-average number of common shares outstanding: | ||
Basic and diluted (in Shares) | 130,200,000 | 130,200 |
Statements of Changes in Shareh
Statements of Changes in Shareholders Equity (Unaudited) - USD ($) | Preferred Stock Series | Common stock | Additional Paid-in Capital | Accumulated Deficit | Total |
Balance at Jul. 31, 2016 | $ 130,200 | $ 780,659 | $ (1,788,779) | $ (877,920) | |
Balance (in Shares) at Jul. 31, 2016 | 130,200,000 | ||||
Net income (loss) | |||||
Balance at Jul. 31, 2017 | $ 130,200 | 780,659 | (1,788,779) | (877,920) | |
Balance (in Shares) at Jul. 31, 2017 | 130,200,000 | ||||
Net income (loss) | |||||
Balance at Jul. 31, 2018 | $ 130,200 | $ 780,659 | $ (1,788,779) | $ (877,920) | |
Balance (in Shares) at Jul. 31, 2018 | 130,200,000 |
Statements of Cash flows (Unaud
Statements of Cash flows (Unaudited) - USD ($) | 12 Months Ended | |
Jul. 31, 2018 | Jul. 31, 2017 | |
Operating activities | ||
Net loss | ||
Net cash provided by (used in) operating activities | ||
Investing activities | ||
Acquisition of 3D Makerjet Asia, net of cash | ||
Net cash provided by (Used in) Investing Activities | ||
Cash flows from financing activities: | ||
Proceeds from convertible notes | ||
Net cash provided by (used in) financing activities | ||
Net increase (decrease) in cash and cash equivalents | ||
Cash and cash equivalents at beginning of period | ||
Cash and cash equivalents at end of period | ||
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | ||
Cash paid for income taxes | ||
Non cash financing activity | ||
Discount on convertible promissory notes due to beneficial conversion feature | ||
Acquisition of 3D Makerjet Asia with common stock, net of assets received |
Organization and Description of
Organization and Description of Business | 12 Months Ended |
Jul. 31, 2018 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS 3D MakerJet, Inc. (“3D MakerJet” or the “Company”), formerly known as American Business Change Agents, Inc., was incorporated under the laws of the State of Nevada on January 12, 2009. On May 4, 2014, the name of the Company was changed to 3D MakerJet, Inc. The Company had been developing a business plan focused on the sale of 3D printers, scanners, and ancillary equipment. 3D MakerJet, Inc. formerly known as American Business Change Agents, Inc., was incorporated under the laws of the State of Nevada on January 12, 2009. On May 4, 2014, the name of the Company was changed to 3D MakerJet, Inc. the Company has been dormant since January 2016. On July 14, 2020, as a result of a custodianship in Clark County, Nevada, Case Number: A-20-816260-B, Custodian Ventures LLC (“Custodian”) was appointed custodian of the Company. David Lazar is the managing member of Custodian. On July 16, 2020, Custodian appointed David Lazar as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors. On January 29, 2021, the Board of Directors of Company approved the change in the Company’s fiscal year end from July 31 to December 31. As required, the Company will file a transition report on Form 10-K covering the transition period with the Securities and Exchange Commission. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Jul. 31, 2018 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial statements. As of July 31, 2018 the Company had no cash and negative retained earnings of $1,788,779. Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Recently in 2020 the Company was being funded by David Lazar who has extended interest-free demand loans to the Company. there can be no assurances that he will be able to continue doing so. Historically, the Company raised capital through private placements, to finance working capital needs and may attempt to raise capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its operations become profitable. Also, the Company has, in the past, paid for consulting services with its common stock to maximize working capital, and intends to continue this practice where feasible. Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of 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. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On July 31, 2018 and July 31, 2017, the Company’s cash equivalents totaled $-0- and $-0- respectively. Income taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations. |
Debt
Debt | 12 Months Ended |
Jul. 31, 2018 | |
Debt Disclosure [Abstract] | |
DEBT | NOTE 3 – DEBT As of July 31, 2018, and July 31, 2017, the Company had $602,693 in convertible debt, net of discount outstanding. Additionally there was $43,000 in long term note payable outstanding. |
Equity
Equity | 12 Months Ended |
Jul. 31, 2018 | |
Stockholders' Equity Note [Abstract] | |
EQUITY | NOTE 4 – EQUITY Common Stock The Company has authorized 300,0000,000 shares of $0.001 par value, common stock. As of July 31, 2018, and July 31, 2017, there were 130,200,000 and 130,200,000 shares of Common Stock issued and outstanding, respectively. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Jul. 31, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 5 – COMMITMENTS AND CONTINGENCIES The Company did not have any contractual commitments as of July 31, 2018 and July 31, 2017. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Jul. 31, 2018 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 6 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements with the exception of the following: On July 14, 2020, as a result of a custodianship in Clark County, Nevada, Case Number: A-20-816260-B, Custodian Ventures LLC (“Custodian”) was appointed custodian of the “Company. David Lazar is the managing member of Custodian. On July 16, 2020, Custodian appointed David Lazar as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors. On January 29, 2021, the Board of Directors of the Company approved the change in the Company’s fiscal year end from July 31 to December 31. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 12 Months Ended |
Jul. 31, 2018 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“ FASB Codification GAAP |
Going Concern | Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial statements. As of July 31, 2018 the Company had no cash and negative retained earnings of $1,788,779. Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Recently in 2020 the Company was being funded by David Lazar who has extended interest-free demand loans to the Company. there can be no assurances that he will be able to continue doing so. Historically, the Company raised capital through private placements, to finance working capital needs and may attempt to raise capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its operations become profitable. Also, the Company has, in the past, paid for consulting services with its common stock to maximize working capital, and intends to continue this practice where feasible. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of 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. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. |
Cash and cash equivalents | Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On July 31, 2018 and July 31, 2017, the Company’s cash equivalents totaled $-0- and $-0- respectively. |
Income taxes | Income taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” “Accounting for Uncertainty in Income Taxes” The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. |
Net Loss per Share | Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Details) - USD ($) | 12 Months Ended | |
Jul. 31, 2018 | Jul. 31, 2017 | |
Accounting Policies [Abstract] | ||
Retained earnings | $ (1,788,779) | $ (1,788,779) |
Settlement, percentage | 50.00% | |
Cash equivalents, description | On July 31, 2018 and July 31, 2017, the Company’s cash equivalents totaled $-0- and $-0- respectively. |
Debt (Details)
Debt (Details) - USD ($) | Jul. 31, 2018 | Jul. 31, 2017 |
Debt Disclosure [Abstract] | ||
Convertible debt | $ 602,693 | $ 602,693 |
Long term note payable | $ 43,000 | $ 43,000 |
Equity (Details)
Equity (Details) - $ / shares | Jul. 31, 2018 | Jul. 31, 2017 |
Stockholders' Equity Note [Abstract] | ||
Common Stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common Stock, shares issued | 130,200,000 | 130,200,000 |
Common Stock, shares outstanding | 130,200,000 | 130,200,000 |