Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Jul. 31, 2018 | Jun. 03, 2021 | |
Details | ||
Registrant Name | TACTICAL SERVICES INC | |
Registrant CIK | 0001552358 | |
SEC Form | 10-Q | |
Period End date | Jul. 31, 2018 | |
Fiscal Year End | --04-30 | |
Tax Identification Number (TIN) | 32-0378469 | |
Number of common stock shares outstanding | 76,000,000 | |
Filer Category | Non-accelerated Filer | |
Current with reporting | Yes | |
Shell Company | false | |
Small Business | true | |
Emerging Growth Company | false | |
Entity File Number | 333-182566 | |
Entity Incorporation, State or Country Code | NV | |
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 | DO | |
Entity Address, Address Description | Address of principal executive offices | |
Entity Address, Postal Zip Code | 00000 | |
City Area Code | 829 | |
Local Phone Number | 639-9332 | |
Phone Fax Number Description | Registrant’s telephone number, including area code | |
Entity Interactive Data Current | Yes | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Document Quarterly Report | true | |
Document Transition Report | false |
BALANCE SHEETS (Unaudited)
BALANCE SHEETS (Unaudited) - USD ($) | Jul. 31, 2018 | Apr. 30, 2018 |
ASSETS | ||
Total assets | $ 0 | $ 0 |
Cash | 0 | 0 |
Current liabilities | ||
Accounts payable | 6,253 | 6,253 |
Due to related parties | 164,348 | 164,348 |
Total current liabilities | 170,601 | 170,601 |
Total liabilities | 170,601 | 170,601 |
Stockholders' deficit | ||
Common Stock, Value | 26,000 | 26,000 |
Additional paid-in capital | 1,415 | 1,415 |
Accumulated deficit | (198,016) | (198,016) |
Total stockholders' deficit | (170,601) | (170,601) |
Total liabilities and stockholders' deficit | $ 0 | $ 0 |
BALANCE SHEETS (Unaudited) - Pa
BALANCE SHEETS (Unaudited) - Parenthetical - $ / shares | Jul. 31, 2018 | Apr. 30, 2018 |
Details | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 300,000,000 | 300,000,000 |
Common Stock, Shares, Issued | 26,000,000 | 26,000,000 |
Common Stock, Shares, Outstanding | 26,000,000 | 26,000,000 |
STATEMENTS OF OPERATIONS (Unaud
STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | |
Jul. 31, 2018 | Jul. 31, 2017 | |
Operating expenses | ||
General and administrative | $ 0 | $ 18,605 |
Professional fees | 0 | 3,418 |
Total operating expenses | 0 | 22,023 |
Loss from operations | 0 | (22,023) |
Net loss | $ 0 | $ (22,023) |
Net loss per common share: basic and diluted | $ 0 | $ 0 |
Weighted average common shares outstanding - basic and diluted | 26,000,000 | 76,000,000 |
STATEMENTS OF STOCKHOLDERS' DEF
STATEMENTS OF STOCKHOLDERS' DEFICIT (Unaudited) - USD ($) | Preferred Stock | Common Stock | Additional Paid-in Capital | Retained Earnings | Total |
Equity Balance, Starting at Apr. 30, 2017 | $ 0 | $ 26,000 | $ 1,415 | $ (198,016) | $ (170,601) |
Shares Outstanding, Starting at Apr. 30, 2017 | 0 | 26,000,000 | |||
Net Income (Loss) | $ 0 | $ 0 | 0 | 0 | 0 |
Shares Outstanding, Ending at Jul. 31, 2017 | 0 | 26,000,000 | |||
Equity Balance, Ending at Jul. 31, 2017 | $ 0 | $ 26,000 | 1,415 | (198,016) | (170,601) |
Equity Balance, Starting at Apr. 30, 2018 | $ 0 | $ 76,000 | (48,585) | (147,382) | (119,967) |
Shares Outstanding, Starting at Apr. 30, 2018 | 0 | 76,000,000 | |||
Net Income (Loss) | $ 0 | $ 0 | 0 | (22,023) | (22,022) |
Shares Outstanding, Ending at Jul. 31, 2018 | 0 | 76,000,000 | |||
Equity Balance, Ending at Jul. 31, 2018 | $ 0 | $ 76,000 | $ (48,585) | $ (169,404) | $ (141,989) |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows - USD ($) | 3 Months Ended | |
Jul. 31, 2018 | Jul. 31, 2017 | |
Details | ||
Net loss | $ 0 | $ (22,023) |
Changes in assets and liabilities | ||
Accounts payable and accrued liabilities | 0 | (3,741) |
Net cash from operating activities | 0 | (25,764) |
Cash Flows from Financing Activities | ||
Proceed from related party loan | 25,764 | |
Net cash from financing activities | 0 | 25,764 |
Net increase (decrease) 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 |
Supplemental disclosure of cash flow information | ||
Cash paid for interest | 0 | 0 |
Cash paid for taxes | $ 0 | $ 0 |
1. Nature of Operations and Con
1. Nature of Operations and Continuance of Business | 3 Months Ended |
Jul. 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 of July 31, 2018, the Company has not generated any revenue since inception, has a working capital deficit of $170,601 and has an accumulated deficit of $198,016. 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, among others 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. Management is currently looking at various options and investment opportunities. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available on acceptable terms, the Company may not be able to take advantage of prospective business endeavours or opportunities which could significantly and materially restrict the Companys operations. 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 | 3 Months Ended |
Jul. 31, 2018 | |
Notes | |
2. Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies a) The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Companys management, the accompanying unaudited condensed consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of July 31, 2018, and the results of operations and cash flows for the periods presented. The results of operations for the three months ended July 31, 2018, are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and related notes thereto included in the Companys Current Report on Form 10-K filed on February 25, 2021. b) 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) The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share d) Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Accounting for Income Taxes, Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Accounting for Income Taxes, e) Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. f) In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, Leases 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 | 3 Months Ended |
Jul. 31, 2018 | |
Notes | |
3. Due to Related Party | 3. Due to Related Party As of July 31, 2018, the Company has received $164,348 (April 30, 2018 $164,348) in loans and payment of expenses from related parties. During the period ended July 31, 2018, the Company did not receive any loans. The amounts owing are unsecured, non-interest bearing, and due on demand. |
4. Asset acquisition
4. Asset acquisition | 3 Months Ended |
Jul. 31, 2018 | |
Notes | |
4. Asset acquisition | 4. Asset acquisition 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. |
5. Common Shares
5. Common Shares | 3 Months Ended |
Jul. 31, 2018 | |
Notes | |
5. Common Shares | 5. Common Shares The Companys capitalization is 300,000,000 common shares and 75,000,000 preferred shares with a par value of $0.001 per share. No preferred shares have been issued. a) |
6. Subsequent Events
6. Subsequent Events | 3 Months Ended |
Jul. 31, 2018 | |
Notes | |
6. Subsequent Events | 6. Subsequent Events 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. On February 8, 2019, the Company received $30,000 into an escrow account as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. On July 14, 2020, the Company received $500 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. On November 4, 2020, the Company received $15,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. On November 10, 2020, the Company received $2,250 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. On November 17, 2020, the Company received $7,500 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. On February 15, 2021, the Company received $7,500 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. On February 15, 2021, the Company received $16,000 as a loan for payment of expenses from an unrelated party. The amount owing is unsecured, the note is interest bearing. Interest rate is 10% and due on demand. |
2. Summary of Significant Acc_2
2. Summary of Significant Accounting Policies: a) Basis of Presentation (Policies) | 3 Months Ended |
Jul. 31, 2018 | |
Policies | |
a) Basis of Presentation | a) The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Companys management, the accompanying unaudited condensed consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of July 31, 2018, and the results of operations and cash flows for the periods presented. The results of operations for the three months ended July 31, 2018, are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and related notes thereto included in the Companys Current Report on Form 10-K filed on February 25, 2021. |
2. Summary of Significant Acc_3
2. Summary of Significant Accounting Policies: b) Use of Estimates (Policies) | 3 Months Ended |
Jul. 31, 2018 | |
Policies | |
b) Use of Estimates | b) 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) | 3 Months Ended |
Jul. 31, 2018 | |
Policies | |
c) Basic and Diluted Net Loss per Share | c) 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) Income Taxes (Policies) | 3 Months Ended |
Jul. 31, 2018 | |
Policies | |
d) Income Taxes | d) Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Accounting for Income Taxes, Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Accounting for Income Taxes, |
2. Summary of Significant Acc_6
2. Summary of Significant Accounting Policies: e) Financial Instruments (Policies) | 3 Months Ended |
Jul. 31, 2018 | |
Policies | |
e) Financial Instruments | e) Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. |
2. Summary of Significant Acc_7
2. Summary of Significant Accounting Policies: f) Recent Accounting Pronouncements (Policies) | 3 Months Ended |
Jul. 31, 2018 | |
Policies | |
f) Recent Accounting Pronouncements | f) In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, Leases 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 ($) | 3 Months Ended | |
Jul. 31, 2018 | Apr. 30, 2018 | |
Details | ||
Entity Information, Former Legal or Registered Name | Line Up Advertisement Inc. | |
Entity Incorporation, State or Country Code | NV | |
Entity Incorporation, Date of Incorporation | Apr. 17, 2012 | |
Total stockholders' deficit | $ (170,601) | $ (170,601) |
Accumulated deficit | $ (198,016) | $ (198,016) |
3. Due to Related Party (Detail
3. Due to Related Party (Details) - USD ($) | Jul. 31, 2018 | Apr. 30, 2018 |
Details | ||
Due to Related Parties | $ 164,348 | $ 164,348 |
5. Common Shares (Details)
5. Common Shares (Details) - $ / shares | Jul. 31, 2018 | Apr. 30, 2018 |
Details | ||
Common Stock, Shares Authorized | 300,000,000 | 300,000,000 |
Preferred Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares, Issued | 26,000,000 | 26,000,000 |
6. Subsequent Events (Details)
6. Subsequent Events (Details) | 3 Months Ended |
Jul. 31, 2018USD ($) | |
Event #1 | |
Subsequent Event, Date | Aug. 24, 2018 |
Subsequent Event, Description | Company and the Inventors entered into a termination agreement |
Event #2 | |
Subsequent Event, Date | Feb. 8, 2019 |
Subsequent Event, Description | Company received $30,000 into an escrow account as a loan |
Debt Instrument, Face Amount | $ 30,000 |
Debt Instrument, Collateral | unsecured |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% |
Event #3 | |
Subsequent Event, Date | Jul. 14, 2020 |
Subsequent Event, Description | Company received $500 as a loan for payment of expenses from an unrelated party |
Debt Instrument, Face Amount | $ 500 |
Debt Instrument, Collateral | unsecured |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% |
Event #4 | |
Subsequent Event, Date | Nov. 4, 2020 |
Subsequent Event, Description | Company received $15,000 as a loan |
Debt Instrument, Face Amount | $ 15,000 |
Debt Instrument, Collateral | unsecured |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% |
Event #5 | |
Subsequent Event, Date | Nov. 10, 2020 |
Subsequent Event, Description | Company received $2,250 as a loan |
Debt Instrument, Face Amount | $ 2,250 |
Debt Instrument, Collateral | unsecured |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% |
Event #6 | |
Subsequent Event, Date | Nov. 17, 2020 |
Subsequent Event, Description | Company received $7,500 as a loan |
Debt Instrument, Face Amount | $ 7,500 |
Debt Instrument, Collateral | unsecured |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% |
Event #7 | |
Subsequent Event, Date | Feb. 15, 2021 |
Subsequent Event, Description | Company received $7,500 as a loan |
Debt Instrument, Face Amount | $ 7,500 |
Debt Instrument, Collateral | unsecured |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% |
Event #8 | |
Subsequent Event, Date | Feb. 15, 2021 |
Subsequent Event, Description | Company received $16,000 as a loan |
Debt Instrument, Face Amount | $ 16,000 |
Debt Instrument, Collateral | unsecured |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% |