Document and Entity Information
Document and Entity Information | Jan. 31, 2018$ / sharesshares | Jan. 31, 2018shares |
Details | ||
Registrant Name | TACTICAL SERVICES INC | |
Registrant CIK | 0001552358 | |
SEC Form | 10-Q | |
Period End date | Jan. 31, 2018 | |
Fiscal Year End | --04-30 | |
Trading Symbol | lua | |
Tax Identification Number (TIN) | 320378469 | |
Number of common stock shares outstanding | shares | 26,000,000 | 26,000,000 |
Filer Category | Non-accelerated Filer | |
Current with reporting | Yes | |
Small Business | true | |
Emerging Growth Company | false | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2018 | |
Document Fiscal Period Focus | Q3 | |
Entity File Number | 333-182566 | |
Entity Incorporation, State Country Name | Nevada | |
Entity Address, Address Line One | Calle 6 No. 78 | |
Entity Address, Address Line Two | Urb. Los Olivas | |
Entity Address, City or Town | Puerto Plata | |
Entity Address, Country | Dom. Rep. | |
Phone Fax Number Description | Registrant’s telephone number, including area code | |
Entity Listing, Par Value Per Share | $ / shares | $ 0.001 |
Condensed Balance Sheets (Janua
Condensed Balance Sheets (January 31, 2018 Unaudited) - USD ($) | Jan. 31, 2018 | Apr. 30, 2017 | |
Current Assets | |||
Cash | $ 0 | $ 0 | |
Total Assets | 0 | 0 | |
Current Liabilities | |||
Accounts payable and accrued liabilities | 5,703 | 18,270 | |
Due to related parties (Note 3) | [1] | 164,348 | 101,697 |
Total Liabilities | 170,051 | 119,967 | |
Stockholders' Equity | |||
Preferred Stock, Value | 0 | 0 | |
Common Stock, Value | 26,000 | 76,000 | |
Additional Paid-in Capital | 1,415 | (48,585) | |
Accumulated Deficit | (197,466) | (147,382) | |
Total Stockholders' Equity | (170,051) | (119,967) | |
Total Liabilities and Stockholders' Equity | $ 0 | $ 0 | |
[1] | Note 3. |
Condensed Balance Sheets (Jan_2
Condensed Balance Sheets (January 31, 2018 Unaudited) - Parenthetical - $ / shares | Jan. 31, 2018 | Apr. 30, 2017 |
Details | ||
Preferred Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Shares Authorized | 300,000,000 | 300,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares, Issued | 26,000,000 | 76,000,000 |
Common Stock, Shares, Outstanding | 26,000,000 | 76,000,000 |
Condensed Statements of Operati
Condensed Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2018 | Jan. 31, 2017 | |
Operating Expenses | ||||
Office and general | $ 2,150 | $ 757 | $ 22,595 | $ 2,821 |
Professional fees | 5,875 | 4,551 | 27,489 | 17,084 |
Total Operating Expenses | 8,025 | 5,308 | 50,084 | 19,905 |
Net Loss | $ (8,025) | $ (5,308) | $ (50,084) | $ (19,905) |
Net Loss Per Share - Basic and Diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted Average Shares Outstanding | 36,869,565 | 76,000,000 | 62,956,522 | 76,000,000 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows - USD ($) | 9 Months Ended | |
Jan. 31, 2018 | Jan. 31, 2017 | |
Operating Activities | ||
Net loss | $ (50,084) | $ (19,905) |
Changes in operating assets and liabilities: | ||
Accounts payable and accrued liabilities | (12,567) | 1,526 |
Due to related parties | 62,651 | 18,379 |
Net Cash Used in Operating Activities | 0 | 0 |
Change in Cash | 0 | 0 |
Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 0 | 0 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | $ 0 | $ 0 |
1. Nature of Operations and Con
1. Nature of Operations and Continuance of Business | 9 Months Ended |
Jan. 31, 2018 | |
Notes | |
1. Nature of Operations and Continuance of Business | 1. Nature of Operations and Continuance of Business Tactical Services Inc. (formerly Line Up Advertisement Inc. ) was incorporated in the State of Nevada as a for-profit Company on April 17, 2012 . Going Concern These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at January 31, 2018, the Company has a working capital deficit of $170,051 and an accumulated deficit of $197,466 . The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company's future business. These factors raise substantial doubt regarding the Companys ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
2. Summary of Significant Accou
2. Summary of Significant Accounting Policies | 9 Months Ended |
Jan. 31, 2018 | |
Notes | |
2. Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies a) Basis of Presentation The accompanying interim condensed financial statements of the Company should be read in conjunction with the consolidated financial statements and accompany notes filed with the U.S. Securities and Exchange Commission for the year ended April 30, 2017. These interim condensed financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Companys financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period. These interim condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (US GAAP) and are expressed in U.S. dollars. The Companys fiscal year end is April 30. b) Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States 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. The Company regularly evaluates estimates and assumptions related to the recoverability of mineral properties, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Companys estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. c) Basic and Diluted Net Loss per Share The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share d) Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
3. Due to Related Party
3. Due to Related Party | 9 Months Ended |
Jan. 31, 2018 | |
Notes | |
3. Due to Related Party | 3. Due to Related Party As of January 31, 2018, the Company owes $164,348 (April 30, 2017 $101,697 ) in loans and payment of expenses to related parties. The amounts owing are unsecured, non-interest bearing, and due on demand. |
4. Common Shares
4. Common Shares | 9 Months Ended |
Jan. 31, 2018 | |
Notes | |
4. Common Shares | 4. Common Shares The Companys capitalization is 300,000,000 common shares with a par value of $0.001 per share and 75,000,000 preferred shares with a par value of $0.001 per share. The Company has not issued any preferred shares as at January 31, 2018. a) On April 25, 2012 , the Company issued 750,000,000 Founder's shares for proceeds of $7,500 . In September 2012 the Company issued 26,000,000 common shares for proceeds of $5,200 . b) On December 13, 2014 , 700,000,000 common shares were retired . c) On October 23, 2017 , the Company approved a forward stock split of its issued and outstanding common shares on a basis of 100 new common shares for each 1 old common share. The impact of the forward stock split has been applied on a retroactive basis and all common share amounts reflect the impact of the forward stock split. d) On November 20, 2017 , the former Chief Executive Officer and Director of the Company returned 50,000,000 common shares of the Company which were returned to treasury and cancelled. |
5. Subsequent Events
5. Subsequent Events | 9 Months Ended |
Jan. 31, 2018 | |
Notes | |
5. Subsequent Events | 5. Subsequent Events a) On October 23, 2017 , the Company entered into an asset acquisition agreement (the Agreement) to acquire assets relating to the development, sales, marketing, and distribution of unmanned aerial vehicles in exchange for the issuance of 60,000,000 common shares of the Company to two individuals (the Inventors) . As part of the transaction, the Chief Executive Officer and Director of the Company returned 50,000,000 common shares which were subsequently cancelled. As a result of the Agreement, the Inventors would hold 73% of the issued and outstanding common shares of the Company. b) On August 24, 2018 , the Company and the Inventors entered into a termination agreement, as the terms of the original Agreement were not fulfilled . As a result, on August 27, 2018, the Company reissued 50,000,000 common shares to the Chief Executive Officer and Director of the Company. The common shares that were issuable to the Inventors were never issued. |
2. Summary of Significant Acc_2
2. Summary of Significant Accounting Policies: a) Basis of Presentation (Policies) | 9 Months Ended |
Jan. 31, 2018 | |
Policies | |
a) Basis of Presentation | a) Basis of Presentation The accompanying interim condensed financial statements of the Company should be read in conjunction with the consolidated financial statements and accompany notes filed with the U.S. Securities and Exchange Commission for the year ended April 30, 2017. These interim condensed financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Companys financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period. These interim condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (US GAAP) and are expressed in U.S. dollars. The Companys fiscal year end is April 30. |
2. Summary of Significant Acc_3
2. Summary of Significant Accounting Policies: b) Use of Estimates (Policies) | 9 Months Ended |
Jan. 31, 2018 | |
Policies | |
b) Use of Estimates | b) Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States 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. The Company regularly evaluates estimates and assumptions related to the recoverability of mineral properties, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Companys estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. |
2. Summary of Significant Acc_4
2. Summary of Significant Accounting Policies: c) Basic and Diluted Net Loss per Share (Policies) | 9 Months Ended |
Jan. 31, 2018 | |
Policies | |
c) Basic and Diluted Net Loss per Share | c) Basic and Diluted Net Loss per Share The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share |
2. Summary of Significant Acc_5
2. Summary of Significant Accounting Policies: d) Recent Accounting Pronouncements (Policies) | 9 Months Ended |
Jan. 31, 2018 | |
Policies | |
d) Recent Accounting Pronouncements | d) Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
1. Nature of Operations and C_2
1. Nature of Operations and Continuance of Business (Details) - USD ($) | 9 Months Ended | |
Jan. 31, 2018 | Apr. 30, 2017 | |
Details | ||
Entity Information, Former Legal or Registered Name | Line Up Advertisement Inc. | |
Entity Incorporation, State Country Name | Nevada | |
Entity Incorporation, Date of Incorporation | Apr. 17, 2012 | |
Total Stockholders' Equity | $ (170,051) | $ (119,967) |
Accumulated Deficit | $ (197,466) | $ (147,382) |
3. Due to Related Party (Detail
3. Due to Related Party (Details) - USD ($) | Jan. 31, 2018 | Apr. 30, 2017 | |
Details | |||
Due to related parties (Note 3) | [1] | $ 164,348 | $ 101,697 |
[1] | Note 3. |
4. Common Shares (Details)
4. Common Shares (Details) - USD ($) | 9 Months Ended | |
Jan. 31, 2018 | Apr. 30, 2017 | |
Common Stock, Shares Authorized | 300,000,000 | 300,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Transaction 1 | ||
Sale of Stock, Transaction Date | Apr. 25, 2012 | |
Sale of Stock, Description of Transaction | Company issued 750,000,000 Founder's shares | |
Shares, Issued | 750,000,000 | |
Stock Issued | $ 7,500 | |
Transaction 2 | ||
Sale of Stock, Description of Transaction | Company issued 26,000,000 common shares | |
Shares, Issued | 26,000,000 | |
Stock Issued | $ 5,200 | |
Transaction 2 | Minimum | ||
Sale of Stock, Transaction Date | Sep. 1, 2012 | |
Transaction 2 | Maximum | ||
Sale of Stock, Transaction Date | Sep. 30, 2012 | |
Transaction 3 | ||
Sale of Stock, Transaction Date | Dec. 13, 2014 | |
Sale of Stock, Description of Transaction | 700,000,000 common shares were retired | |
Shares, Issued | 700,000,000 | |
Transaction 4 | ||
Sale of Stock, Transaction Date | Oct. 23, 2017 | |
Sale of Stock, Description of Transaction | Company approved a forward stock split | |
Transaction 5 | ||
Sale of Stock, Transaction Date | Nov. 20, 2017 | |
Sale of Stock, Description of Transaction | former Chief Executive Officer and Director of the Company returned 50,000,000 common shares |
5. Subsequent Events (Details)
5. Subsequent Events (Details) | 9 Months Ended |
Jan. 31, 2018shares | |
Event 1 | |
Subsequent Event, Date | Oct. 23, 2017 |
Subsequent Event, Description | Company entered into an asset acquisition agreement (the “Agreement”) to acquire assets relating to the development, sales, marketing, and distribution of unmanned aerial vehicles in exchange for the issuance of 60,000,000 common shares of the Company to two individuals (the “Inventors”) |
Shares cancelled | 50,000,000 |
Event 2 | |
Subsequent Event, Date | Aug. 24, 2018 |
Subsequent Event, Description | Company and the Inventors entered into a termination agreement, as the terms of the original Agreement were not fulfilled |
Shares, Issued | 50,000,000 |