Document and Entity Information
Document and Entity Information - USD ($) | 9 Months Ended | |
Aug. 31, 2017 | Sep. 29, 2017 | |
Document And Entity Information | ||
Entity Registrant Name | Photozou Holdings, Inc. | |
Entity Central Index Key | 1,627,469 | |
Document Type | 10-Q | |
Document Period End Date | Aug. 31, 2017 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --11-30 | |
Entity Well Known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Public Float | $ 159 | |
Entity Common Stock Shares Outstanding | 11,033,800 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2,017 |
CONSOLIDATED BALANCE SHEETS (UN
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) | Aug. 31, 2017 | Nov. 30, 2016 |
Current Assets | ||
Cash and cash equivalents | $ 75,845 | |
Total current assets | 75,845 | |
Total Assets | 75,845 | |
Current Liabilities | ||
Accrued Expenses | 6,350 | |
Due to related party | 9,859 | |
Total Liabilities | 9,859 | 6,350 |
Stockholder's Equity (Deficit) | ||
Preferred Stock ($.0001 par value, 20,000,000 authorized; none issued and outstanding as of August 31, 2017 and November 30, 2016) | ||
Common stock ($.0001 par value, 500,000,000 shares authorized, 11,033,800 shares and 8,000,000 shares issued and outstanding as of August 31, 2017 and November 30, 2016) | 1,103 | 800 |
Additional Paid In Capital | 107,851 | 19,909 |
Accumulated Deficit | (42,747) | (27,059) |
Accumulated other comprehensive loss | (221) | |
Total Stockholder's Deficit | 65,986 | (6,350) |
Total Liabilities & Stockholders' Deficit | $ 75,845 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - $ / shares | Aug. 31, 2017 | Nov. 30, 2016 |
StockholdersEquity | ||
Preferred Stock Par Or Stated Value 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 Or Stated Value Per Share | $ 0.0001 | $ .0001 |
Common Stock Shares Authorized | 500,000,000 | 500,000,000 |
Common Stock Shares Issued | 11,033,800 | 8,000,000 |
Common Stock Shares Outstanding | 11,033,800 | 8,000,000 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Aug. 31, 2017 | Aug. 31, 2016 | Aug. 31, 2017 | Aug. 31, 2016 | |
Income Statement [Abstract] | ||||
General and Administrative Expenses | $ 3,356 | $ 5,300 | $ 15,688 | $ 7,825 |
Total Operating expenses | 3,356 | 5,300 | 15,688 | 7,825 |
Net loss | (3,356) | (5,300) | (15,688) | (7,825) |
Other Comprehensive Loss | ||||
Foreign currency translation adjustment | (80) | (221) | ||
Total Comprehensive Loss | $ (3,436) | $ (5,300) | $ (15,909) | $ (7,825) |
Basic and Diluted net loss per share of common stock | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted Average Number of Common Shares Outstanding-Basic and Diluted | 9,730,096 | 8,000,000 | 8,580,908 | 8,000,000 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) | 9 Months Ended | |
Aug. 31, 2017 | Aug. 31, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (15,688) | $ (7,825) |
Expenses paid by shareholder and contributed to the Company | 12,400 | |
Accrued Expenses | 3,509 | (2,800) |
Net cash used in operating activities | 221 | (10,625) |
Proceeds from common stock sold | 75,845 | |
Shareholder contribution | 10,625 | |
Net cash provided by financing activities | 75,845 | 10,625 |
Net effect of exchange rate changes on cash | (211) | |
Net Change in Cash and Cash equivalents | 75,845 | |
Cash and cash equivalents - beginning of period | ||
Cash and cash equivalents - end of period | 75,845 | |
Interest paid | ||
Income taxes paid | ||
Due to related party for expense paid on behalf of the Company | $ 9,859 |
NOTE 1 - ORGANIZATION, DESCRIPT
NOTE 1 - ORGANIZATION, DESCRIPTION OF BUSINESS, AND BASIS OF PRESENTATION | 9 Months Ended |
Aug. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NOTE 1 - ORGANIZATION, DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION | 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 August 31, 2017, the Company had not yet commenced any operations. The Company has elected November 30th as its fiscal year end. Principles of Consolidations The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. 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, 2016. |
NOTE 2 - GOING CONCERN
NOTE 2 - GOING CONCERN | 9 Months Ended |
Aug. 31, 2017 | |
Going Concern | |
NOTE 2 - 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 | 9 Months Ended |
Aug. 31, 2017 | |
Related Party Transactions [Abstract] | |
NOTE 3 - RELATED-PARTY TRANSACTIONS | NOTE 3 - RELATED-PARTY TRANSACTIONS During the nine months August 31, 2017, our sole officer/director/shareholder contributed additional paid in capital in the amount of $12,400 to fund operating expenses of which $6,050 was paid directly on behalf of the Company for the nine months August 31, 2017 operating expenses and $6,350 was paid directly on behalf of the Company for prior year accrued expenses. As of August 31, 2017, the Company had $9,859 owed to Photozou Co., Ltd., a related party for payments paid directly to fund operations on behalf of the Company. These are 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. On July 11, 2017, the Company entered into subscription agreements with Koichi Ishizuka, CEO of the Company. Pursuant to these agreements, the Company issued 847,000 shares of common stock in total to Mr. Ishizuka and received $21,125 as aggregate consideration. At the time of purchase the price paid per share by Mr. Ishizuka was 0.025 USD. On July 11, 2017, the Company entered into subscription agreements with Rei Ishizuka, the wife of Koichi Ishizuka. Pursuant to these agreements, the Company issued 597,800 shares of common stock in total to Mrs. Ishizuka and received $19,945 as aggregate consideration. At the time of purchase the price paid per share by Mr. Ishizuka was 0.025 USD. |
NOTE 4 - SHAREHOLDER'S EQUITY
NOTE 4 - SHAREHOLDER'S EQUITY | 9 Months Ended |
Aug. 31, 2017 | |
Note 7 - Shareholders Equity | |
NOTE 4 – SHAREHOLDER EQUITY | NOTE 4 – SHAREHOLDER EQUITY On July 6 and July 11, 2017, the Company entered into subscription agreements with 61 shareholders. Pursuant to these agreements, the Company issued 3,033,800 shares of common stock in total to these shareholders and received $75,845 as aggregate consideration. At the time of purchase the price paid per share by each shareholder was the equivalent of about 0.025 USD. These shares were issued pursuant to the Company’s effective S-1 Registration Statement deemed effective on June 20, 2017 at 1pm EST. |
NOTE 2. SUMMARY OF SIGNIFICANT
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Aug. 31, 2017 | |
Accounting Policies [Abstract] | |
Principles of Consolidations | Principles of Consolidations The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. |
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, 2016. |