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CGS International (CGSI)

Document and Entity Information

Document and Entity Information - shares3 Months Ended
Jul. 31, 2018Jun. 03, 2021
Details
Registrant NameTACTICAL SERVICES INC
Registrant CIK0001552358
SEC Form10-Q
Period End dateJul. 31,
2018
Fiscal Year End--04-30
Tax Identification Number (TIN)32-0378469
Number of common stock shares outstanding76,000,000
Filer CategoryNon-accelerated Filer
Current with reportingYes
Shell Companyfalse
Small Businesstrue
Emerging Growth Companyfalse
Entity File Number333-182566
Entity Incorporation, State or Country CodeNV
Entity Address, Address Line OneCalle 6 No. 78
Entity Address, Address Line TwoUrb. Los Olivas
Entity Address, City or TownPuerto Plata
Entity Address, CountryDO
Entity Address, Address DescriptionAddress of principal executive offices
Entity Address, Postal Zip Code00000
City Area Code829
Local Phone Number639-9332
Phone Fax Number DescriptionRegistrant’s telephone number, including area code
Entity Interactive Data CurrentYes
Amendment Flagfalse
Document Fiscal Year Focus2019
Document Fiscal Period FocusQ1
Document Quarterly Reporttrue
Document Transition Reportfalse

BALANCE SHEETS (Unaudited)

BALANCE SHEETS (Unaudited) - USD ($)Jul. 31, 2018Apr. 30, 2018
ASSETS
Total assets $ 0 $ 0
Cash0 0
Current liabilities
Accounts payable6,253 6,253
Due to related parties164,348 164,348
Total current liabilities170,601 170,601
Total liabilities170,601 170,601
Stockholders' deficit
Common Stock, Value26,000 26,000
Additional paid-in capital1,415 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 - $ / sharesJul. 31, 2018Apr. 30, 2018
Details
Preferred Stock, Par or Stated Value Per Share $ 0.001 $ 0.001
Preferred Stock, Shares Authorized75,000,000 75,000,000
Preferred Stock, Shares Issued0 0
Preferred Stock, Shares Outstanding0 0
Common Stock, Par or Stated Value Per Share $ 0.001 $ 0.001
Common Stock, Shares Authorized300,000,000 300,000,000
Common Stock, Shares, Issued26,000,000 26,000,000
Common Stock, Shares, Outstanding26,000,000 26,000,000

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)3 Months Ended
Jul. 31, 2018Jul. 31, 2017
Operating expenses
General and administrative $ 0 $ 18,605
Professional fees0 3,418
Total operating expenses0 22,023
Loss from operations0 (22,023)
Net loss $ 0 $ (22,023)
Net loss per common share: basic and diluted $ 0 $ 0
Weighted average common shares outstanding - basic and diluted26,000,000 76,000,000

STATEMENTS OF STOCKHOLDERS' DEF

STATEMENTS OF STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)Preferred StockCommon StockAdditional Paid-in CapitalRetained EarningsTotal
Equity Balance, Starting at Apr. 30, 2017 $ 0 $ 26,000 $ 1,415 $ (198,016) $ (170,601)
Shares Outstanding, Starting at Apr. 30, 20170 26,000,000
Net Income (Loss) $ 0 $ 0 0 0 0
Shares Outstanding, Ending at Jul. 31, 20170 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, 20180 76,000,000
Net Income (Loss) $ 0 $ 0 0 (22,023)(22,022)
Shares Outstanding, Ending at Jul. 31, 20180 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, 2018Jul. 31, 2017
Details
Net loss $ 0 $ (22,023)
Changes in assets and liabilities
Accounts payable and accrued liabilities0 (3,741)
Net cash from operating activities0 (25,764)
Cash Flows from Financing Activities
Proceed from related party loan25,764
Net cash from financing activities0 25,764
Net increase (decrease) in cash0 0
Cash and Cash Equivalents, at Carrying Value, Beginning Balance0 0
Cash and Cash Equivalents, at Carrying Value, Ending Balance0 0
Supplemental disclosure of cash flow information
Cash paid for interest0 0
Cash paid for taxes $ 0 $ 0

1. Nature of Operations and Con

1. Nature of Operations and Continuance of Business3 Months Ended
Jul. 31, 2018
Notes
1. Nature of Operations and Continuance of Business1. 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 Company’s 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 Company’s 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 Policies3 Months Ended
Jul. 31, 2018
Notes
2. Summary of Significant Accounting Policies2. 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 Company’s 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 Company’s 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 Company’s 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 Party3 Months Ended
Jul. 31, 2018
Notes
3. Due to Related Party3. 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 acquisition3 Months Ended
Jul. 31, 2018
Notes
4. Asset acquisition4. 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 Shares3 Months Ended
Jul. 31, 2018
Notes
5. Common Shares5. Common Shares The Company’s 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 Events3 Months Ended
Jul. 31, 2018
Notes
6. Subsequent Events6. 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 Presentationa) 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 Company’s 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 Company’s 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 Estimatesb) 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 Company’s 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 Sharec) 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 Taxesd) 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 Instrumentse) 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 Pronouncementsf) 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, 2018Apr. 30, 2018
Details
Entity Information, Former Legal or Registered NameLine Up Advertisement Inc.
Entity Incorporation, State or Country CodeNV
Entity Incorporation, Date of IncorporationApr. 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, 2018Apr. 30, 2018
Details
Due to Related Parties $ 164,348 $ 164,348

5. Common Shares (Details)

5. Common Shares (Details) - $ / sharesJul. 31, 2018Apr. 30, 2018
Details
Common Stock, Shares Authorized300,000,000 300,000,000
Preferred Stock, Shares Authorized75,000,000 75,000,000
Preferred Stock, Par or Stated Value Per Share $ 0.001 $ 0.001
Common Stock, Shares, Issued26,000,000 26,000,000

6. Subsequent Events (Details)

6. Subsequent Events (Details)3 Months Ended
Jul. 31, 2018USD ($)
Event #1
Subsequent Event, DateAug. 24,
2018
Subsequent Event, DescriptionCompany and the Inventors entered into a termination agreement
Event #2
Subsequent Event, DateFeb. 8,
2019
Subsequent Event, DescriptionCompany received $30,000 into an escrow account as a loan
Debt Instrument, Face Amount $ 30,000
Debt Instrument, Collateralunsecured
Debt Instrument, Interest Rate, Stated Percentage10.00%
Event #3
Subsequent Event, DateJul. 14,
2020
Subsequent Event, DescriptionCompany received $500 as a loan for payment of expenses from an unrelated party
Debt Instrument, Face Amount $ 500
Debt Instrument, Collateralunsecured
Debt Instrument, Interest Rate, Stated Percentage10.00%
Event #4
Subsequent Event, DateNov. 4,
2020
Subsequent Event, DescriptionCompany received $15,000 as a loan
Debt Instrument, Face Amount $ 15,000
Debt Instrument, Collateralunsecured
Debt Instrument, Interest Rate, Stated Percentage10.00%
Event #5
Subsequent Event, DateNov. 10,
2020
Subsequent Event, DescriptionCompany received $2,250 as a loan
Debt Instrument, Face Amount $ 2,250
Debt Instrument, Collateralunsecured
Debt Instrument, Interest Rate, Stated Percentage10.00%
Event #6
Subsequent Event, DateNov. 17,
2020
Subsequent Event, DescriptionCompany received $7,500 as a loan
Debt Instrument, Face Amount $ 7,500
Debt Instrument, Collateralunsecured
Debt Instrument, Interest Rate, Stated Percentage10.00%
Event #7
Subsequent Event, DateFeb. 15,
2021
Subsequent Event, DescriptionCompany received $7,500 as a loan
Debt Instrument, Face Amount $ 7,500
Debt Instrument, Collateralunsecured
Debt Instrument, Interest Rate, Stated Percentage10.00%
Event #8
Subsequent Event, DateFeb. 15,
2021
Subsequent Event, DescriptionCompany received $16,000 as a loan
Debt Instrument, Face Amount $ 16,000
Debt Instrument, Collateralunsecured
Debt Instrument, Interest Rate, Stated Percentage10.00%