Cover
Cover - shares | 9 Months Ended | |
Jun. 30, 2020 | Aug. 11, 2020 | |
Cover [Abstract] | ||
Entity Registrant Name | BALLY, CORP. | |
Entity Central Index Key | 0001591565 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --09-30 | |
Entity Small Business | true | |
Entity Shell Company | true | |
Entity Emerging Growth Company | false | |
Entity Current Reporting Status | Yes | |
Document Period End Date | Jun. 30, 2020 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2020 | |
Entity Common Stock Shares Outstanding | 9,850,000 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 333-192387 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 80-0917804 | |
Entity Address Address Line 1 | 986 Dongfang Rd., | |
Entity Address Address Line 2 | One Hundred Shanshan Bldg 25th Fl Pudong | |
Entity Address City Or Town | Shanghai | |
Entity Address Country | CN | |
Entity Address Postal Zip Code | 200122 | |
City Area Code | 86 | |
Local Phone Number | 138 1833 3008 | |
Entity Interactive Data Current | Yes |
Balance Sheets
Balance Sheets - USD ($) | Jun. 30, 2020 | Sep. 30, 2019 |
Current assets: | ||
Cash | $ 0 | $ 0 |
Total Current Assets | 0 | 0 |
Total Assets | 0 | 0 |
Current liabilities | ||
Accounts payable and accrued liabilities | 1,959 | 1,089 |
Due to shareholder | 56,676 | 34,260 |
Total Current Liabilities and Total Liabilities | 58,635 | 35,349 |
Stockholders? Deficit: | ||
Preferred stock, $0.0001 par value, 20,000,000 shares authorized 0 shares issued and outstanding: | 0 | 0 |
Common stock, $0.0001 par value, 100,000,000 shares authorized 9,850,000 shares issued and outstanding | 985 | 985 |
Additional paid-in capital | 178,395 | 178,395 |
Accumulated deficit | (238,015) | (214,729) |
Total Stockholders' Deficit | (58,635) | (35,349) |
Total Liabilities and Stockholders' Deficit | $ 0 | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2020 | Sep. 30, 2019 |
Stockholders' Deficit | ||
Preferred stock, shares par value | $ 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, shares par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 9,850,000 | 9,850,000 |
Common stock, shares outstanding | 9,850,000 | 9,850,000 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Statements of Operations (Unaudited) | ||||
Revenue | $ 0 | $ 0 | $ 0 | $ 0 |
Expenses: | ||||
General and administrative | 5,870 | 4,296 | 23,286 | 20,578 |
Total expenses | 5,870 | 4,296 | 23,286 | 20,578 |
Loss before income tax | (5,870) | 4,296 | (23,286) | 20,578 |
Income tax provision | 0 | 0 | 0 | 0 |
Net loss | $ (5,870) | $ (4,296) | $ (23,286) | $ (20,578) |
Basic and Diluted Loss per Common Share | $ 0 | $ 0 | $ 0 | $ 0 |
Basic and Diluted Weighted Average Number of Common Shares Outstanding | 9,850,000 | 9,850,000 | 9,850,000 | 9,850,000 |
Statements of Changes in Stockh
Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($) | Total | Preferred Stock | Common Stock | Additional Paid-In Capital | Retained Earnings (Accumulated Deficit) |
Balance, shares at Sep. 30, 2018 | 9,850,000 | ||||
Balance, amount at Sep. 30, 2018 | $ (10,471) | $ 0 | $ 985 | $ 178,395 | $ (189,851) |
Net loss for the period | (9,989) | 0 | $ 0 | 0 | (9,989) |
Balance, shares at Dec. 31, 2018 | 9,850,000 | ||||
Balance, amount at Dec. 31, 2018 | (20,460) | 0 | $ 985 | 178,395 | (199,840) |
Net loss for the period | (6,293) | 0 | $ 0 | 0 | (6,293) |
Balance, shares at Mar. 31, 2019 | 9,850,000 | ||||
Balance, amount at Mar. 31, 2019 | (26,753) | 0 | $ 985 | 178,395 | (206,133) |
Net loss for the period | (4,296) | 0 | $ 0 | 0 | (4,296) |
Balance, shares at Jun. 30, 2019 | 9,850,000 | ||||
Balance, amount at Jun. 30, 2019 | (31,049) | 0 | $ 985 | 178,395 | (210,429) |
Balance, shares at Sep. 30, 2019 | 9,850,000 | ||||
Balance, amount at Sep. 30, 2019 | (35,349) | 0 | $ 985 | 178,395 | (214,729) |
Net loss for the period | (15,116) | 0 | $ 0 | 0 | (15,116) |
Balance, shares at Dec. 31, 2019 | 9,850,000 | ||||
Balance, amount at Dec. 31, 2019 | (50,465) | 0 | $ 985 | 178,395 | (229,845) |
Net loss for the period | (2,300) | 0 | $ 0 | 0 | (2,300) |
Balance, shares at Mar. 31, 2020 | 9,850,000 | ||||
Balance, amount at Mar. 31, 2020 | (52,765) | 0 | $ 985 | 178,395 | (232,145) |
Net loss for the period | (5,870) | 0 | $ 0 | 0 | (5,870) |
Balance, shares at Jun. 30, 2020 | 9,850,000 | ||||
Balance, amount at Jun. 30, 2020 | $ (58,635) | $ 0 | $ 985 | $ 178,395 | $ (238,015) |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Cash Flows from Operating Activities: | ||||
Net loss | $ (5,870) | $ (4,296) | $ (23,286) | $ (20,578) |
Changes in operating assets and liabilities: | ||||
Shareholder advances funding operations | 22,416 | 20,289 | ||
Accounts payable and accrued liabilities | 870 | 289 | ||
Net Cash Used in Operating Activities | 0 | 0 | ||
Net change in cash | 0 | 0 | ||
Cash - beginning of period | 0 | 0 | ||
Cash - end of period | $ 0 | $ 0 | 0 | 0 |
Supplemental Cash Flow Disclosure: | ||||
Interest paid | 0 | 0 | ||
Taxes paid | $ 0 | $ 0 |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 9 Months Ended |
Jun. 30, 2020 | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | |
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS BALLY, CORP. (the “Company”) was incorporated in the State of Nevada on March 13, 2013 and it is based in Shanghai, China. The Company is seeking an acquisition candidate. To date, the Company’s activities have been limited to its formation and the raising of equity capital. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Jun. 30, 2020 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited 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 United States Securities and Exchange Commission (“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 financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of June 30, 2020 and the results of operations and cash flows for the periods presented. The results of operations for the period ended June 30, 2020 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K/A for the year ended September 30, 2019 filed with the SEC on December 18, 2019. |
GOING CONCERN AND LIQUIDITY CON
GOING CONCERN AND LIQUIDITY CONSIDERATIONS | 9 Months Ended |
Jun. 30, 2020 | |
GOING CONCERN AND LIQUIDITY CONSIDERATIONS | |
NOTE 3 - GOING CONCERN AND LIQUIDITY CONSIDERATIONS | NOTE 3 - GOING CONCERN AND LIQUIDITY CONSIDERATIONS The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not generated any revenues since inception and has an accumulated deficit of $238,015. These factors among others raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. The continuing operations of the Company are dependent upon its ability to continue to raise adequate financing and to commence profitable operations in the future and repay its liabilities arising from normal business operations as they become due. We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders. In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors. COVID-19 A novel strain of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 11, 2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. The Company has instituted some and may take additional temporary precautionary measures intended to help ensure the well-being of its managers and minimize business disruption. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position at June 30, 2020. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company, including the timing and ability of the Company to obtain financing to fund the operation and to develop its business plan. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Jun. 30, 2020 | |
RELATED PARTY TRANSACTIONS | |
NOTE 4 - RELATED PARTY TRANSACTIONS | NOTE 4 - RELATED PARTY TRANSACTIONS During the nine months ended June 30, 2020 and 2019, the Company’s sole officer advanced to the Company an amount of $22,416 and $20,289 by paying for expenses on behalf of the Company, respectively. As of June 30, 2020, and September 30, 2019, the Company was obligated to the officer, for an unsecured, non-interest-bearing demand loan with a balance of $56,676 and $34,260, respectively. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Jun. 30, 2020 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of Presentation | The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of June 30, 2020 and the results of operations and cash flows for the periods presented. The results of operations for the period ended June 30, 2020 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K/A for the year ended September 30, 2019 filed with the SEC on December 18, 2019. |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 9 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Sep. 30, 2019 | |
Due to officer for non-interest bearing demand loan | $ 56,676 | $ 34,260 | |
Officer [Member] | |||
Due to officer for non-interest bearing demand loan | 56,676 | $ 34,260 | |
Advances from sole officer by way of loan | $ 22,416 | $ 20,289 |