Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jul. 31, 2019 | Sep. 06, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | Odenza Corp. | |
Entity Central Index Key | 0001489300 | |
Document Type | 10-Q | |
Document Period End Date | Jul. 31, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --01-31 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business Flag | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | true | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 3,660,000 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2020 |
Balance Sheets
Balance Sheets - USD ($) | Jul. 31, 2019 | Jan. 31, 2019 |
Current asset | ||
Prepayment | ||
Total assets | 0 | 0 |
Current liabilities | ||
Account payables and accrued liabilities | 19,028 | 18,736 |
Due to related party | 199,365 | 188,929 |
Total liabilities | 218,393 | 207,665 |
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Authorized: 75,000,000 common shares with a par value of $0.001 issued and outstanding: 3,660,000 common shares | 3,660 | 3,660 |
Additional paid in capital | 27,840 | 27,840 |
Deficit accumulated during the exploration stage | (249,893) | (239,165) |
Total stockholders' deficit | (218,393) | (207,665) |
Total liabilities and stockholders' deficit | $ 0 | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Jul. 31, 2019 | Jan. 31, 2019 |
Statement of Financial Position [Abstract] | ||
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 3,660,000 | 3,660,000 |
Common stock, shares outstanding | 3,660,000 | 3,660,000 |
Statements of Income (Unaudited
Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 121 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2019 | |
Income Statement [Abstract] | |||||
Office and general expenses | $ 2,536 | $ 3,760 | $ 7,336 | $ 5,286 | $ 83,252 |
Professional fees | 1,696 | 1,500 | 3,392 | 3,100 | 162,051 |
Mining costs | 4,590 | ||||
Net loss | $ 4,232 | $ 5,260 | $ 10,728 | $ 8,386 | $ 249,893 |
Basic and diluted net loss per share | $ (0.01) | $ (0.01) | $ (0.01) | $ (0.01) | |
Weighted average number of shares outstanding | 3,660,000 | 3,660,000 | 3,660,000 | 3,660,000 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | 121 Months Ended | |
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2019 | |
Cash Flows From Operating Activities | |||
Net loss | $ (10,728) | $ (8,386) | $ (249,893) |
Net change in non-cash working capital balances: | |||
Account payables and accrued liabilities | 292 | (1,460) | 19,028 |
Prepayments | 1,886 | ||
Net cash used in operations | (10,436) | (7,960) | (230,865) |
Cash Flows From Financing Activities | |||
Due to related party | 10,436 | 7,960 | 199,365 |
Capital stock issued | 31,500 | ||
Net cash provided by financing activities | 10,436 | 7,960 | 230,865 |
Increase In Cash | |||
Cash, beginning | |||
Cash, ending | |||
Cash paid for: | |||
Interest | |||
Income taxes |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jul. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Presentation | 1. BASIS OF PRESENTATION Unaudited Interim Financial Statements These unaudited interim financial statements may not include all information and footnotes required by US GAAP for complete financial statement disclosure. However, except as disclosed herein, there have been no material changes in the information contained in the notes to the audited financial statements for the year ended January 31, 2019, included in the Company’s Form 10-K and filed with the Securities and Exchange Commission. These unaudited interim financial statements should be read in conjunction with the audited financial statements included in the Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation and consisting solely of normal recurring adjustments have been made. Operating results for the six months ended July 31, 2019 are not necessarily indicative of the results that may be expected for the year ending January 31, 2020. Going Concern These financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $249,893 at July 31, 2019 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has plans to seek additional capital through a private placement of its common stock or further director loans as needed. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue. Related Party Transactions Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control or common significant influence. The due from/to related parties represented the advances from or to the Company’s directors. Such advances are non-interest bearing and due upon demand. Recent Accounting Pronouncements Recent pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to be significant to the financial statements of the Company. Subsequent Event In accordance with ASC 855, Subsequent Events, |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 6 Months Ended |
Jul. 31, 2019 | |
Accounting Policies [Abstract] | |
Going Concern | Going Concern These financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $249,893 at July 31, 2019 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has plans to seek additional capital through a private placement of its common stock or further director loans as needed. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue. |
Related Party Transactions | Related Party Transactions Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control or common significant influence. The due from/to related parties represented the advances from or to the Company’s directors. Such advances are non-interest bearing and due upon demand. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Recent pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to be significant to the financial statements of the Company. |
Subsequent Event | Subsequent Event In accordance with ASC 855, Subsequent Events, |
Basis of Presentation (Details
Basis of Presentation (Details Narrative) - USD ($) | Jul. 31, 2019 | Jan. 31, 2019 |
Accounting Policies [Abstract] | ||
Accumulated deficit | $ (249,893) | $ (239,165) |