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TCNT Toucan Interactive

Cover

Cover - shares6 Months Ended
Aug. 31, 2021Oct. 17, 2021
Cover [Abstract]
Document Type10-Q
Amendment Flagfalse
Document Quarterly Reporttrue
Document Transition Reportfalse
Document Period End DateAug. 31,
2021
Document Fiscal Period FocusQ2
Document Fiscal Year Focus2022
Current Fiscal Year End Date--02-28
Entity File Number333-195267
Entity Registrant NameTOUCAN
INTERACTIVE CORP.
Entity Central Index Key0001602143
Entity Tax Identification Number36-4778745
Entity Incorporation, State or Country CodeNV
Entity Address, Address Line One25
E. Foothill Blvd.
Entity Address, City or TownArcadia
Entity Address, State or ProvinceCA
Entity Address, Postal Zip Code91006
City Area Code(626)
Local Phone Number898-7010
Title of 12(b) SecurityCommon
Stock, $.001 par value per share
Trading SymbolTCNT
Entity Current Reporting StatusYes
Entity Interactive Data CurrentYes
Entity Filer CategoryNon-accelerated Filer
Entity Small Businesstrue
Entity Emerging Growth Companyfalse
Entity Shell Companytrue
Entity Common Stock, Shares Outstanding7,100,000

Condensed Balance Sheet (Unaudi

Condensed Balance Sheet (Unaudited) - USD ($)Aug. 31, 2021Feb. 28, 2021
Current Assets
Cash and cash equivalents $ 14,320 $ 11,175
Prepaid expenses1,273 4,738
Total Current Assets15,593 15,913
Total Assets15,593 15,913
Current Liabilities
Accounts payable750 200
Advances from related parties121,738 91,738
Total Current Liabilities122,488 91,938
Total Liabilities122,488 91,938
Stockholders’ (Deficit)
Common stock par value $.001; 75,000,000 shares authorized, 7,100,000 shares issued and outstanding7,100 7,100
Additional paid in capital37,578 37,578
Accumulated deficit(151,573)(120,703)
Total Stockholders’ Deficit(106,895)(76,025)
Total Liabilities and Stockholders’ Deficit $ 15,593 $ 15,913

Condensed Balance Sheet (Unau_2

Condensed Balance Sheet (Unaudited) (Parenthetical) - $ / sharesAug. 31, 2021Feb. 28, 2021
Statement of Financial Position [Abstract]
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized75,000,000 75,000,000
Common stock, shares issued7,100,000 7,100,000
Common stock, shares outstanding7,100,000 7,100,000

Condensed Statement of Operatio

Condensed Statement of Operations (Unaudited) - USD ($)3 Months Ended6 Months Ended
Aug. 31, 2021Aug. 31, 2020Aug. 31, 2021Aug. 31, 2020
Income Statement [Abstract]
REVENUE
OPERATING EXPENSES
General and administrative expenses24,565 1,715 30,870 3,435
TOTAL OPERATING EXPENSES24,565 1,715 30,870 3,435
NET LOSS $ (24,565) $ (1,715) $ (30,870) $ (3,435)
NET LOSS PER SHARE: BASIC AND DILUTED $ 0 $ 0 $ 0 $ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED7,100,000 7,100,000 7,100,000 7,100,000

Condensed Statement of Changes

Condensed Statement of Changes in Stockholders' Deficit (Unaudited) - USD ($)Common Stock [Member]Additional Paid-in Capital [Member]Retained Earnings [Member]Total
Beginning balance at Feb. 29, 2020 $ 7,100 $ 37,578 $ (113,857) $ (69,179)
Beginning balance, shares at Feb. 29, 20207,100,000
Net loss (1,720)(1,720)
Ending balance at May. 31, 2020 $ 7,100 37,578 (115,577)(70,899)
Ending balance, shares at May. 31, 20207,100,000
Beginning balance at Feb. 29, 2020 $ 7,100 37,578 (113,857)(69,179)
Beginning balance, shares at Feb. 29, 20207,100,000
Net loss(3,435)
Ending balance at Aug. 31, 2020 $ 7,100 37,578 (117,292)(72,614)
Ending balance, shares at Aug. 31, 20207,100,000
Beginning balance at May. 31, 2020 $ 7,100 37,578 (115,577)(70,899)
Beginning balance, shares at May. 31, 20207,100,000
Net loss (1,715)(1,715)
Ending balance at Aug. 31, 2020 $ 7,100 37,578 (117,292)(72,614)
Ending balance, shares at Aug. 31, 20207,100,000
Beginning balance at Feb. 28, 2021 $ 7,100 37,578 (120,703)(76,025)
Beginning balance, shares at Feb. 28, 20217,100,000
Net loss (6,305)(6,305)
Ending balance at May. 31, 2021 $ 7,100 37,578 (127,008)(82,330)
Ending balance, shares at May. 31, 20217,100,000
Beginning balance at Feb. 28, 2021 $ 7,100 37,578 (120,703)(76,025)
Beginning balance, shares at Feb. 28, 20217,100,000
Net loss(30,870)
Ending balance at Aug. 31, 2021 $ 7,100 37,578 (151,573)(106,895)
Ending balance, shares at Aug. 31, 20217,100,000
Beginning balance at May. 31, 2021 $ 7,100 37,578 (127,008)(82,330)
Beginning balance, shares at May. 31, 20217,100,000
Net loss (24,565)(24,565)
Ending balance at Aug. 31, 2021 $ 7,100 $ 37,578 $ (151,573) $ (106,895)
Ending balance, shares at Aug. 31, 20217,100,000

Condensed Statement of Cash Flo

Condensed Statement of Cash Flows (Unaudited) - USD ($)3 Months Ended6 Months Ended
Aug. 31, 2021May 31, 2021Aug. 31, 2020May 31, 2020Aug. 31, 2021Aug. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (24,565) $ (6,305) $ (1,715) $ (1,720) $ (30,870) $ (3,435)
Changes in operating assets and liabilities:
Prepaid expenses3,465 1,165
Accounts payable550 600
Net Cash Used in Operating Activities(26,855)(1,670)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties30,000 15,000
Net Cash Provided by Financing Activities30,000 15,000
Net Change in Cash3,145 13,330
Cash, beginning of period $ 11,175 $ 2,830 11,175 2,830
Cash, end of period $ 14,320 $ 16,160 14,320 16,160
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid
Income taxes paid

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS6 Months Ended
Aug. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND NATURE OF BUSINESSNOTE
1 - ORGANIZATION AND NATURE OF BUSINESS Toucan
Interactive Corp. was incorporated under the laws of the State of Nevada on January 28, 2014. It was initially set up as a company in
the business of providing credit information options on all major banks located in Costa Rica, Canada, United States and other countries
located in North, Central and South America. On April 22, 2016, the Company experienced a change in control and ceased operations as
a provider of credit option services. The Company currently serves as a vehicle to investigate and, if such investigation warrants, acquire
a target company or business seeking the perceived advantages of being a publicly held corporation.

BASIS OF PRESENTATION AND GOING

BASIS OF PRESENTATION AND GOING CONCERN6 Months Ended
Aug. 31, 2021
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND GOING CONCERNNOTE
2 – BASIS OF PRESENTATION AND GOING CONCERN BASIS
OF ACCOUNTING The
accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally
accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission (the “SEC”)
for interim financial reporting. Accordingly, these financial statements do not include all information and footnote disclosures required
for an annual set of financial statements prepared under United States generally accepted accounting principles. In the opinion of our
management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial
position, results of operations and cash flows as of August 31, 2021 and for all interim periods presented herein have been reflected
in these financial statements and the notes thereto. Interim results for the six month period ended August 31, 2021 are not necessarily
indicative of the results to be expected for the fiscal year as a whole. These financial statements should be read in conjunction with
the audited financial statements and accompanying notes as included in the Form 10-K for the year ended February 28, 2021. GOING
CONCERN The
financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge
its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses resulting in an accumulated
deficit of $ 151,573 30,000 SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES Recent
Accounting Pronouncements The
Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s
results of operations, financial position or cash flow.

ADVANCES FROM RELATED PARTIES

ADVANCES FROM RELATED PARTIES6 Months Ended
Aug. 31, 2021
Related Party Transactions [Abstract]
ADVANCES FROM RELATED PARTIESNOTE
3 – ADVANCES FROM RELATED PARTIES Advances
from related parties for the periods ended August 31, 2021 and 2020 were $ 121,738 91,738

COMMON STOCK

COMMON STOCK6 Months Ended
Aug. 31, 2021
Equity [Abstract]
COMMON STOCKNOTE
4 – COMMON STOCK The
Company has 75,000,000 0.001 On
February 6, 2014, the Company issued 4,000,000 4,000 0.001 From
October 3, 2014 to November 24, 2014 the company issued 1,100,000 22,000 0.02 On
April 22, 2016, the Company issued 6,000,000 243,605 0.04 On
April 22, 2016, the Company repurchased 4,000,000 240,605 0.06 There
were 7,100,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES6 Months Ended
Aug. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIESNOTE
5 – COMMITMENTS AND CONTINGENCIES The
Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation
for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected
herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities
in the future.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS6 Months Ended
Aug. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTSNOTE
6 – SUBSEQUENT EVENTS In
accordance with SFAS 165 (ASC 855-10), the Company has analyzed its operations subsequent to August 31, 2021 to the date these financial
statements were available to be issued as of October 17, 2021, and has determined that it does not have any material subsequent events
to disclose in these financial statements.

BASIS OF PRESENTATION AND GOI_2

BASIS OF PRESENTATION AND GOING CONCERN (Policies)6 Months Ended
Aug. 31, 2021
Accounting Policies [Abstract]
Recent Accounting PronouncementsRecent
Accounting Pronouncements The
Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s
results of operations, financial position or cash flow.

BASIS OF PRESENTATION AND GOI_3

BASIS OF PRESENTATION AND GOING CONCERN (Details Narrative) - USD ($)1 Months Ended6 Months Ended
May 31, 2021Aug. 31, 2021Aug. 31, 2020Feb. 28, 2021
Accounting Policies [Abstract]
Accumulated deficit $ 151,573 $ 120,703
Advances from related parties $ 30,000 $ 30,000 $ 15,000

ADVANCES FROM RELATED PARTIES (

ADVANCES FROM RELATED PARTIES (Details Narrative) - USD ($)Aug. 31, 2021Feb. 28, 2021Aug. 31, 2020
Related Party Transactions [Abstract]
Advances from related parties $ 121,738 $ 91,738 $ 91,738

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)Apr. 22, 2016Feb. 06, 2014Nov. 24, 2014Aug. 31, 2021Feb. 28, 2021
Equity [Abstract]
Common stock, shares authorized75,000,000 75,000,000
Common stock, par value $ 0.001 $ 0.001
Stock issued during period, shares6,000,000 4,000,000 1,100,000
Proceeds from issuance of common stock $ 243,605 $ 4,000 $ 22,000
Stock issued price per share $ 0.04 $ 0.001 $ 0.02
Repurchase of common stock, shares4,000,000
Repurchase of common stock, value $ 240,605
Repurchase price per share $ 0.06
Common stock, shares issued7,100,000 7,100,000
Common stock, shares outstanding7,100,000 7,100,000