Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Jul. 31, 2020 | Sep. 28, 2020 | Jan. 31, 2020 | |
Cover [Abstract] | |||
Entity Registrant Name | Tianci International, Inc. | ||
Entity Central Index Key | 0001557798 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --07-31 | ||
Document Type | 10-K | ||
Document Period End Date | Jul. 31, 2020 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2020 | ||
Is Entity a Well-known Seasoned Issuer? | No | ||
Is Entity a Voluntary Filer? | No | ||
Is Entity's Reporting Status Current? | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Public Float | $ 403,224 | ||
Entity Common Stock, Shares Outstanding | 2,450,148 | ||
Entity Shell Company | true | ||
Entity Small Company | true | ||
Entity Emerging Growth | false | ||
Entity Interactive Current | Yes | ||
Entity File Number | 333-184061 | ||
Entity Incorporation State | NV |
Balance Sheets
Balance Sheets - USD ($) | Jul. 31, 2020 | Jul. 31, 2019 |
Current Assets | ||
Cash | $ 3,968 | $ 3,968 |
Prepaid expenses | 12,000 | 12,030 |
Total Current Assets | 15,968 | 15,998 |
TOTAL ASSETS | 15,968 | 15,998 |
Current Liabilities | ||
Accounts payable | 7,759 | 7,171 |
Due to related parties | 258,935 | 185,705 |
Total Current Liabilities | 266,694 | 192,876 |
Total Liabilities | 266,694 | 192,876 |
STOCKHOLDERS' DEFICIT | ||
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
Common stock, $0.0001 par value, 100,000,000 shares authorized; 4,751,718 shares and 5,054,985 shares issued and outstanding as of July 31, 2020 and 2019, respectively. | 475 | 505 |
Additional paid-in capital | 1,127,076 | 1,127,046 |
Accumulated deficit | (1,378,277) | (1,304,429) |
TOTAL STOCKHOLDERS' DEFICIT | (250,726) | (176,878) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 15,968 | $ 15,998 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Jul. 31, 2020 | Jul. 31, 2019 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 4,751,718 | 5,054,985 |
Common stock, shares outstanding | 4,751,718 | 5,054,985 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Income Statement [Abstract] | ||
Revenues | $ 0 | $ 0 |
Operating Expenses | ||
Office and miscellaneous | 492 | 12,401 |
Professional fees | 73,356 | 75,622 |
Total Operating Expenses | 73,848 | 88,023 |
Loss from operations | (73,848) | (88,023) |
Loss before Income Taxes | (73,848) | (88,023) |
Provision for income taxes | 0 | 0 |
Net Loss | $ (73,848) | $ (88,023) |
Basic and diluted loss per common share | $ (0.01) | $ (0.02) |
Basic and diluted weighted average common shares outstanding | 5,046,699 | 5,054,985 |
Statments of Changes in Stockho
Statments of Changes in Stockholders' Deficit - USD ($) | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning balance, shares at Jul. 31, 2018 | 5,054,985 | |||
Beginning balance, value at Jul. 31, 2018 | $ 505 | $ 1,127,046 | $ (1,216,406) | $ (88,855) |
Cancellation of common shares, value | 0 | |||
Net loss for the year | (88,023) | (88,023) | ||
Ending balance, shares at Jul. 31, 2019 | 5,054,985 | |||
Ending balance, value at Jul. 31, 2019 | $ 505 | 1,127,046 | (1,304,429) | (176,878) |
Cancellation of common shares, shares | (303,267) | |||
Cancellation of common shares, value | $ (30) | 30 | 0 | |
Net loss for the year | (73,848) | (73,848) | ||
Ending balance, shares at Jul. 31, 2020 | 4,751,718 | |||
Ending balance, value at Jul. 31, 2020 | $ 475 | $ 1,127,076 | $ (1,378,277) | $ (250,726) |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (73,848) | $ (88,023) |
Changes in operating assets and liabilities: | ||
Decrease (increase) in prepaid expenses | 30 | (8,030) |
Increase in accounts payable | 588 | 4,514 |
Net cash used in operating activities | (73,230) | (91,539) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from related parties | 73,230 | 93,507 |
Net cash provided by financing activities | 73,230 | 93,507 |
Net change in cash | 0 | 1,968 |
Cash - beginning of period | 3,968 | 2,000 |
Cash and cash equivalents - end of period | 3,968 | 3,968 |
Supplemental Cash Flow Disclosures | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | 0 | 0 |
Non-cash financing and investing activities | ||
Cancellation of common shares | $ 30 | $ 0 |
1. Organization and Description
1. Organization and Description of Business | 12 Months Ended |
Jul. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Tianci International, Inc. (“the Company”, “Tianci”) was incorporated under the laws of the State of Nevada, as Freedom Petroleum, Inc. on June 13, 2012. In May 2015, the Company changed its name to Steampunk Wizards, Inc. and on November 9, 2016, the Company changed its name to Tianci International, Inc. As of the date of this report, the Company is a holding company and has not carried out substantive business operations of its own. The Company’s fiscal year end is July 31. 2017 Securities Sale and Change in Control On January 4, 2017, the Company issued 490,520 shares of our common stock to certain purchasers in accordance with the terms and conditions of a Securities Purchase Agreement (the “Private Placement SPA”), at price of $0.20 per share for an aggregate purchase price of $98,104. The shares sold in the private placement were issued in reliance on an exemption from registration under the Securities Act of 1933, as amended, pursuant to Section 4(2) thereof. The proceeds were used for working capital purposes. On August 3, 2017, Tianci, ShiFang Wan (“SFW”), Chuah Su Mei, and the Chuah Su Chen executed a Stock Purchase Agreement (the “Stock Purchase Agreement”), pursuant to which SFW sold to Chuah Su Chen and Chuah Su Mei an aggregate of 4,397,837 shares of Common Stock, or approximately 87% of the issued and outstanding Common Stock, at a purchase price of $350,000. The acquisition consummated on August 15, 2017, and 2,000,000 shares of the Company’s common stock were purchased by Chuah Su Chen using her own personal funds. Upon consummation, the former sole executive officer and director of the Company resigned from all of her positions with the Company, and Chuah Su Mei, Chuah Su Chen, and Yeow Yuen Kai were appointed to serve as executive officers and directors of the Corporation. |
2. Going Concern Matters
2. Going Concern Matters | 12 Months Ended |
Jul. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN MATTERS | NOTE 2 – GOING CONCERN MATTERS As of July 31, 2020, the Company had $3,968 in cash held in trust. The Company had incurred a net loss of $73,848 for the year ended July 31, 2020. The Company’s cash balance and revenues generated are not currently sufficient and cannot be projected to cover operating expenses for the next twelve months from the date of this report. These matters raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans include attempting to improve its business profitability, its ability to generate sufficient cash flows from its operations to meet its operating needs on a timely basis, obtain additional working capital funds through equity and debt financing arrangements, and restructure on-going operations to eliminate inefficiencies to raise cash balance in order to meet its anticipated cash requirements for the next twelve months from the date of this report. However, there can be no assurance that these plans and arrangements will be sufficient to fund the Company’s ongoing capital expenditures, working capital, and other requirements. Management intends to make every effort to identify and develop sources of funds. The outcome of these matters cannot be predicted at this time. There can be no assurance that any additional financings will be available to the Company on satisfactory terms and conditions, if at all. The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital and continue profitable operations. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
3. Summary of Significant Accou
3. Summary of Significant Accounting Policies | 12 Months Ended |
Jul. 31, 2020 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The annual financial information referred to above has been prepared and presented in conformity with accounting principles generally accepted in the United States of America applicable to annual financial information and with the instructions to Form 10-K and regulation of the Securities and Exchange Commission (“SEC”) The accompanying financial statements and notes are presented in accordance with accounting principles generally accepted in the United States of America (the U.S. GAAP) and are presented in U.S. dollars Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash in trust, and all highly liquid debt instruments with original maturities of three months or less. The Company had $3,968 in cash and cash equivalents as of July 31, 2020 and 2019. Fair Value Measurements As defined in ASC 820” Fair Value Measurements,” fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The Company's financial instruments consist of cash, prepaid expense, accounts payable, and due to related parties. The carrying amounts of these financial instruments approximate fair value due to either length of maturity or interest rates that approximate prevailing rates unless otherwise disclosed in these financial statements. Revenue Recognition The Company has yet to generate revenues from operations. The Company will recognize revenue when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement exists, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is reasonably assured. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recorded to reduce the Company’s deferred tax assets to the amount that is more likely than not to be realized. See Note 6 for information related to income taxes, including the recorded balances of its valuation allowance related to deferred tax assets. Basic and Diluted Earnings (Loss) Per Share Basic earnings (loss) per share is calculated by dividing the Company’s net loss applicable to common stockholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net loss available to common stockholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of July 31, 2020 and 2019. Recent Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes, as part of its initiative to reduce complexity in accounting standards. The amendments in the ASU are effective for fiscal years beginning after December 15, 2020, including interim periods therein. Early adoption of the standard is permitted, including adoption in interim or annual periods for which financial statements have not yet been issued. The Company is currently evaluating the effect, if any, that the ASU will have on its financial statements. |
4. Due to Related Parties
4. Due to Related Parties | 12 Months Ended |
Jul. 31, 2020 | |
Related Party Transactions [Abstract] | |
DUE TO RELATED PARTIES | NOTE 4 – DUE TO RELATED PARTIES During the years ended July 31, 2020 and 2019, a shareholder of the Company advanced $73,230 and $93,507 for working capital purpose, respectively. As of July 31, 2020, and July 31, 2019, the Company owed $258,935 and $185,705, respectively, to a shareholder of the Company. This loan is non-interest bearing and due on demand. |
5. Equity
5. Equity | 12 Months Ended |
Jul. 31, 2020 | |
Equity [Abstract] | |
EQUITY | NOTE 5 - EQUITY Preferred Stock The Company has 20,000,000 authorized preferred shares with a par value of $0.0001 per share. The Board of Directors are authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes. There were no shares of preferred stock issued and outstanding as of July 31, 2020 and 2019. Common Stock The Company has 100,000,000 authorized common shares with a par value of $0.0001 per share. On July 22, 2020, the Chief Executive Officer of the Company cancelled 303,267 shares of common stock. As of July 31, 2020 and 2019, there were 4,751,718 shares and 5,054,985 shares of common stock issued and outstanding, respectively. |
6. Income Taxes
6. Income Taxes | 12 Months Ended |
Jul. 31, 2020 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 6 – INCOME TAXES The Company files income tax returns in the U.S. federal jurisdiction, and state and local jurisdictions. The Company follows ASC 740. Deferred income taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry-forwards. No net provision for refundable Federal income tax has been made in the accompanying statements of operations because no recoverable taxes were paid previously. Similarly, no deferred tax asset attributable to the net operating loss carry-forward has been recognized, as it is not deemed likely to be realized. The income tax benefit for the years ended July 31, 2020 and 2019 consists of the following: For the Years Ended July 31, 2020 2019 Loss before income tax $ (73,848 ) $ (88,023 ) Tax rate 21% 21% Income tax expense (benefit) at statutory rate $ (15,508 ) $ (18,485 ) Change in valuation allowance 15,508 18,485 Income tax expense (benefit) $ – $ – Deferred taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts recorded for tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows: As of July 31, 2020 2019 Net operating losses (NOLs) carryforward $ 479,336 $ 463,828 Valuation allowance (479,336 ) (463,828 ) Net deferred tax asset $ – $ – The reconciliation of the effective income tax rate to the U.S. federal statutory rate as of July 31, 2020 and 2019: As of July 31, 2020 2019 Federal income tax rate 21% 21% Increase in valuation allowance (21% ) (21% ) Effective income tax rate 0% 0% At July 31, 2020 and 2019, the Company had $2,282,553 and $2,208,705, respectively of the U.S. net operating losses (the “U.S. NOLs”), which begin to expire beginning in 2034. NOLs generated in tax years prior to July 31, 2018, can be carryforward for twenty years, whereas NOLs generated after July 31, 2018 can be carryforward indefinitely. The Company assesses the likelihood that deferred tax assets will not be realized. FASB ASC Topic 740, “Income Taxes” requires that a valuation allowance be established when it is “more likely than not” that all, or a portion of, deferred tax assets will not be realized. A review of all available positive and negative evidence needs to be considered, including the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies. After consideration of all the information available, management believes that uncertainty exists with respect to future realization of its deferred tax assets and has, therefore, established a full valuation allowance as of July 31, 2020 and 2019. The Company has not completed its evaluation of NOL utilization limitation under IRC Section 382, change of ownership rules, but believes that it had a change of ownership that would limit the amount of U.S. NOLs that could be utilized each year based on the “Internal Revenue Code, as Amended.” The Company’s tax returns are subject to examination by tax authorities beginning with the year ended July 31, 2016. |
7. Commitments and Contingencie
7. Commitments and Contingencies | 12 Months Ended |
Jul. 31, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 7– COMMITMENTS AND CONTINGENCIES The Company had no other commitments or contingencies as of July 31, 2020. From time to time the Company may become a party to litigation matters involving claims against the Company. Management believes that it is adequately insured for its operations and there are no current matters that would have a material effect on the Company's financial position or results of operations. |
8. Subsequent Events
8. Subsequent Events | 12 Months Ended |
Jul. 31, 2020 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 8- SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date which the financial statements were available to be issued. All subsequent events requiring recognition as of July 31, 2020 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.” |
3. Summary of Significant Acc_2
3. Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Jul. 31, 2020 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The annual financial information referred to above has been prepared and presented in conformity with accounting principles generally accepted in the United States of America applicable to annual financial information and with the instructions to Form 10-K and regulation of the Securities and Exchange Commission (“SEC”) The accompanying financial statements and notes are presented in accordance with accounting principles generally accepted in the United States of America (the U.S. GAAP) and are presented in U.S. dollars |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash in trust, and all highly liquid debt instruments with original maturities of three months or less. The Company had $$3,968 in cash and cash equivalents as of July 31, 2020 and 2019. |
Fair Value Measurements | Fair Value Measurements As defined in ASC 820” Fair Value Measurements,” fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The Company's financial instruments consist of cash, prepaid expense, accounts payable, and due to related parties. The carrying amounts of these financial instruments approximate fair value due to either length of maturity or interest rates that approximate prevailing rates unless otherwise disclosed in these financial statements. |
Revenue Recognition | Revenue Recognition The Company has yet to generate revenues from operations. The Company will recognize revenue when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement exists, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is reasonably assured. |
Income Taxes | Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recorded to reduce the Company’s deferred tax assets to the amount that is more likely than not to be realized. See Note 6 for information related to income taxes, including the recorded balances of its valuation allowance related to deferred tax assets. |
Basic and Diluted Earnings (Loss) Per Share | Basic and Diluted Earnings (Loss) Per Share Basic earnings (loss) per share is calculated by dividing the Company’s net loss applicable to common stockholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net loss available to common stockholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of July 31, 2020 and 2019. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes, as part of its initiative to reduce complexity in accounting standards. The amendments in the ASU are effective for fiscal years beginning after December 15, 2020, including interim periods therein. Early adoption of the standard is permitted, including adoption in interim or annual periods for which financial statements have not yet been issued. The Company is currently evaluating the effect, if any, that the ASU will have on its financial statements. |
1. Organization and Descripti_2
1. Organization and Description of Business (Details Narrative) - USD ($) | Aug. 15, 2017 | Jan. 04, 2017 |
Stock Purchase Agreement [Member] | ||
Stock issued for change of control, shares | 4,397,837 | |
Stock issued for change of control, value | $ 350,000 | |
Private Placement [Member] | ||
Stock issued new, shares | 490,520 | |
Proceeds from sale of stock | $ 98,104 |
2. Going Concern (Details Narra
2. Going Concern (Details Narrative) - USD ($) | 12 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Going Concern [Abstract] | ||
Cash held in trust | $ 3,968 | |
Net loss | $ (73,848) | $ (88,023) |
3. Summary of Significant Acc_3
3. Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 12 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Accounting Policies [Abstract] | ||
Cash and cash equivalents | $ 3,968 | $ 3,968 |
Antidilutive shares | 0 | 0 |
4. Due to Related Parties (Deta
4. Due to Related Parties (Details Narrative) - USD ($) | 12 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Proceeds from related parties | $ 73,230 | $ 93,507 |
Shareholder [Member] | ||
Due to related parties | $ 258,935 | $ 185,705 |
5. Equity (Details Narrative)
5. Equity (Details Narrative) - USD ($) | Jul. 31, 2020 | Jul. 22, 2020 | Jul. 31, 2019 |
Equity [Abstract] | |||
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | |
Preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 | |
Preferred stock, shares issued | 0 | 0 | |
Preferred stock, shares outstanding | 0 | 0 | |
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 | |
Common stock, shares authorized | 100,000,000 | 100,000,000 | |
Common stock, shares issued | 4,751,718 | 5,054,985 | |
Common stock, shares outstanding | 4,751,718 | 5,054,985 | |
Cancellation of common shares by CEO | $ 303,267 |
6. Income Taxes (Details-income
6. Income Taxes (Details-income tax provision) - USD ($) | 12 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Income Tax Disclosure [Abstract] | ||
Loss before income tax | $ (73,848) | $ (88,023) |
Tax rate | 21.00% | 21.00% |
Income tax expense (benefit) at statutory rate | $ (15,508) | $ (18,485) |
Change in valuation allowance | 15,508 | 18,485 |
Income tax expense (benefit) | $ 0 | $ 0 |
6. Income Taxes (Details-NOL ca
6. Income Taxes (Details-NOL carryover) - USD ($) | Jul. 31, 2020 | Jul. 31, 2019 |
Income Tax Disclosure [Abstract] | ||
NOL Carryover | $ 479,336 | $ 463,828 |
Valuation allowance | (479,336) | (463,828) |
Net deferred tax asset | $ 0 | $ 0 |
6. Income Taxes (Details-effect
6. Income Taxes (Details-effective rate) | 12 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Effective income tax rate | 21.00% | 21.00% |
UNITED STATES | ||
Federal income tax rate | 21.00% | 21.00% |
Increase in valuation allowance | (21.00%) | (21.00%) |
Effective income tax rate | 0.00% | 0.00% |
6. Income Taxes (Details Narrat
6. Income Taxes (Details Narrative) - USD ($) | 12 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Income Tax Disclosure [Abstract] | ||
Net operating losses | $ 2,282,553 | $ 2,208,705 |
Net operating losses, expiration date | Jan. 1, 2034 |
7. Commitments and Contingenc_2
7. Commitments and Contingencies (Details Narrative) | Jul. 31, 2020USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | $ 0 |