Document and Entity Information
Document and Entity Information - USD ($) | 3 Months Ended | |
Feb. 28, 2018 | Apr. 16, 2018 | |
Document And Entity Information | ||
Entity Registrant Name | Photozou Holdings, Inc. | |
Entity Central Index Key | 1,627,469 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --11-30 | |
Is Entity's Reporting Status Current? | Yes | |
Is Entity a Well-Known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Document Type | 10-Q | |
Document Period End Date | Feb. 28, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Public Float | $ 34,863 | |
Entity Common Stock, Shares Outstanding | 20,000,000 |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Feb. 28, 2018 | Nov. 30, 2017 |
ASSETS | ||
Cash and cash equivalents | $ 75,933 | $ 75,933 |
TOTAL CURRENT ASSETS | 75,933 | 75,933 |
TOTAL ASSETS | 75,933 | 75,933 |
Current liabilities: | ||
Due to related party | 35,341 | 16,960 |
TOTAL LIABILITIES | 35,341 | 16,960 |
Stockholders' Equity (Deficit): | ||
Preferred stock ($.0001 par value, 20,000,000 shares authorized; none issued and outstanding as of February 28, 2018 and November 30, 2017) | ||
Common stock ($.0001 par value, 500,000,000 shares authorized, 11,037,300 shares and 11,037,300 shares issued and outstanding as of February 28, 2018 and November 30, 2017, respectively) | 1,104 | 1,104 |
Additional paid-in capital | 107,938 | 107,938 |
Accumulated deficit | (66,912) | (50,086) |
Accumulated other comprehensive income (loss) | (1,538) | 17 |
Total stockholders' equity | 40,592 | 58,973 |
Total liabilities and stockholders' equity | $ 75,933 | $ 75,933 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Feb. 28, 2018 | Nov. 30, 2017 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ .0001 | $ .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 | $ .0001 | $ .0001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 11,037,500 | 11,037,500 |
Common stock, shares outstanding | 11,037,500 | 11,037,300 |
Statements of Operations and Co
Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | |
Feb. 28, 2018 | Feb. 28, 2017 | |
Operating Expenses: | ||
General and administrative expenses | $ 16,826 | $ 6,451 |
Total operating expenses | 16,826 | 6,451 |
Net loss | (16,826) | (6,451) |
Foreign currency translation adjustment | (1,555) | (7) |
TOTAL COMPREHENSIVE LOSS | $ (18,381) | $ (6,458) |
BASIC AND DILUTED NET LOSS PER COMMON STOCK | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF COMMON STOCK OUTSTANDING, BASIC AND DILUTED | 11,037,300 | 8,000,000 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Feb. 28, 2018 | Feb. 28, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (16,826) | $ (6,451) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Expenses paid by shareholder and contributed to the Company | 18,381 | 6,458 |
Net cash provided by operating activities | 1,555 | 7 |
Net effect of exchange rate on cash | (1,555) | 7 |
Net change in cash and cash equivalents | ||
Cash and cash equivalents - beginning of period | 75,933 | |
Cash and cash equivalents - end of period | 75,933 | |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Cash paid for interest | ||
Cash paid for income taxes | ||
NON-CASH FINANCING AND INVESTING TRANSACTIONS | ||
Accrued liabilities paid on behalf of the Company | $ 6,350 |
Note 1 - Organization and Descr
Note 1 - Organization and Description of Business | 3 Months Ended |
Feb. 28, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Description of Business | Note 1 - Organization, Description of Business and Basis of Presentation Photozou Holdings, Inc., (the “Company”) was incorporated under the laws of the State of Delaware on September 29, 2014. The Company intends to serve as a vehicle to affect an asset acquisition, merger, exchange of capital stock or other business combination with a domestic or foreign business. On January 13, 2017, Thomas DeNunzio, the sole shareholder of the Company, transferred 8,000,000 shares of our common stock, which at the time represented all of our issued and outstanding shares, to Photozou Co., Ltd. On January 13, 2017, Mr. Thomas DeNunzio resigned as our Chief Executive Officer, Chief Financial Officer, President, Director, Secretary, and Treasurer. On January 13, 2017, Mr. Koichi Ishizuka was appointed as Chief Executive Officer, Chief Financial Officer, President, Director, Secretary, and Treasurer. On January 18, 2017, we changed our name from Exquisite Acquisition, Inc. to Photozou Holdings, Inc. As of February 28, 2017, the Company had not yet commenced any operations. On December 18, 2017, the Company entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with Koichi Ishizuka, our President, CEO, Director and majority owner. At the closing of the Stock Purchase Agreement (which is contingent upon a 80% reconfirmation vote under Rule 419), Koichi Ishizuka will transfer to the Company, 10,000 shares of the common stock of Photozou Koukoku Co., Ltd., a Japan corporation (“Photozou Koukoku”), which represents all of its issued and outstanding shares, in consideration of 6,900,000 JPY ($60,766 USD translated by the exchange rate as of December 11, 2017) and the Company will gain a 100% interest in the issued and outstanding shares of Photozou Koukoku’s common stock and Photozou Koukoku will become a wholly owned subsidiary of the Company. The Company and Photozou Koukoku are under common control. Photozou Koukoku Co., Ltd. was incorporated under the laws of Japan on March 14, 2017. Currently, Photozou Koukoku is headquartered in Tokyo, Japan. Its business is primarily advertising services and selling of cameras under consignment. The Company has elected November 30th as its fiscal year end. Basis of presentation The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission, or the SEC, including the instructions to Form 10-Q and Regulation S-X. In the opinion of the management of the Company, all adjustments, which are of a normal recurring nature, necessary for a fair statement of the results for the three month period, have been made. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year. When used in these notes, the terms “Company”, “we”, “us” or “our” mean the Company. Certain information and note disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America has been omitted from these statements pursuant to such accounting principles and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements for the year ended November 30, 2017. |
Note 2 - Going Concern
Note 2 - Going Concern | 3 Months Ended |
Feb. 28, 2018 | |
Going Concern [Abstract] | |
Going Concern | NOTE 2 - GOING CONCERN The Company’s unaudited interim consolidated financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically the Company does not have revenue, reoccurring operating losses and other adverse key financial ratios. The Company has not established any source of revenue to cover its operating costs. Management plans to fund operating expenses with related party contributions to capital. There is no assurance that management's plan will be successful. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern. |
Note 3 - Related Party Transact
Note 3 - Related Party Transactions | 3 Months Ended |
Feb. 28, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 3 - RELATED-PARTY TRANSACTIONS As of February 28, 2018, the Company had $35,341 owed to Photozou Co., Ltd., a related party, of which $18,381 were for payments paid directly to fund operations on behalf of the Company during the period February 28, 2018. These are unsecured, due on demand and bear no interest. The Company utilizes home office space and equipment of our management at no cost. Management estimates such amounts to be immaterial. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Feb. 28, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Basis of presentation The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission, or the SEC, including the instructions to Form 10-Q and Regulation S-X. In the opinion of the management of the Company, all adjustments, which are of a normal recurring nature, necessary for a fair statement of the results for the three month period, have been made. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year. When used in these notes, the terms “Company”, “we”, “us” or “our” mean the Company. Certain information and note disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America has been omitted from these statements pursuant to such accounting principles and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements for the year ended November 30, 2017. |