Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Aug. 31, 2017 | Dec. 12, 2017 | Feb. 28, 2017 | |
Document And Entity Information | |||
Entity Registrant Name | My Cloudz, Inc. | ||
Entity Central Index Key | 1,629,205 | ||
Document Type | 10-K | ||
Document Period End Date | Aug. 31, 2017 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --08-31 | ||
Is Entity a Well-known Seasoned Issuer? | No | ||
Is Entity a Voluntary Filer? | No | ||
Is Entity's Reporting Status Current? | Yes | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Public Float | $ 0 | ||
Entity Common Stock, Shares Outstanding | 132,637,500 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2,017 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Aug. 31, 2017 | Aug. 31, 2016 |
CURRENT ASSETS | ||
Cash | $ 4,877 | $ 5,108 |
Prepaid | 1,875 | |
TOTAL ASSETS | 6,752 | 5,108 |
CURRENT LIABILITIES | ||
Accounts payable | 774 | 22,000 |
Due to related party (Note 4) | 75,907 | 27,187 |
TOTAL LIABILITIES | 76,681 | 49,187 |
STOCKHOLDERS' DEFICIT | ||
Common Stock Authorized 200,000,000 shares of common stock, $0.001 par value Issued and outstanding 62,637,500 shares of common stock (August 31, 2016 52,637,500) | 62,638 | 52,638 |
Additional Paid-in capital | (43,619) | (43,619) |
Accumulated deficit | (88,948) | (53,098) |
TOTAL STOCKHOLDERS' DEFICIT | (69,929) | (44,079) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 6,752 | $ 5,108 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - $ / shares | Aug. 31, 2017 | Aug. 31, 2016 | Mar. 15, 2016 | Mar. 14, 2016 |
Stockholders' equity | ||||
Common stock, par value | $ 0.001 | $ 0.001 | ||
Common stock, shares authorized | 200,000,000 | 200,000,000 | ||
Common stock, shares issued | 62,637,500 | 52,637,500 | 52,637,500 | 210,550 |
Common stock, shares outstanding | 62,637,500 | 52,637,500 | 52,637,500 | 210,550 |
STATEMENT OF OPERATIONS (Audite
STATEMENT OF OPERATIONS (Audited) - USD ($) | 12 Months Ended | |
Aug. 31, 2017 | Aug. 31, 2016 | |
Statement Of Operations Audited | ||
REVENUE | ||
EXPENSES | ||
Office and general | 14,175 | 15,370 |
Professional fees | 21,675 | 19,638 |
TOTAL EXPENSES | (35,850) | (35,008) |
NET LOSS | $ (35,850) | $ (35,008) |
BASIC NET LOSS PER COMMON SHARE | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF BASIC COMMON SHARES OUTSTANDING | 55,158,048 | 41,823,938 |
STATEMENT OF STOCKHOLDERS' DEFI
STATEMENT OF STOCKHOLDERS' DEFICIT (Audited) - USD ($) | Common Stock | Paid-In Capital | Additional Accumulated Deficit | Total |
Beginning Balance, Shares at Jul. 31, 2014 | ||||
Beginning Balance, Amount at Jul. 31, 2014 | ||||
Net loss | (3,567) | (3,567) | ||
Ending Balance, Shares at Aug. 31, 2014 | ||||
Ending Balance, Amount at Aug. 31, 2014 | (3,567) | (3,567) | ||
Common shares issued for cash, Shares | 1,250,000,000 | |||
Common shares issued for cash, Amount | $ 1,250,000 | (1,245,000) | 5,000 | |
Net loss | (14,523) | (14,523) | ||
Ending Balance, Shares at Aug. 31, 2015 | 1,250,000,000 | |||
Ending Balance, Amount at Aug. 31, 2015 | $ 1,250,000 | (1,245,000) | (18,090) | (13,090) |
Common shares issued for cash, Shares | 20,137,500 | |||
Common shares issued for cash, Amount | $ 20,138 | (16,109) | 4,029 | |
Shares cancelled, Shares | (1,217,500,000) | |||
Shares cancelled, Amount | $ (1,217,500) | 1,217,490 | (10) | |
Net loss | (35,008) | (35,008) | ||
Ending Balance, Shares at Aug. 31, 2016 | 52,637,500 | |||
Ending Balance, Amount at Aug. 31, 2016 | $ 52,638 | (43,619) | (53,098) | (44,079) |
Common shares issued for cash, Shares | 5,000,000 | |||
Common shares issued for cash, Amount | $ 5,000 | 5,000 | ||
Common shares issued for services, Shares | 5,000,000 | |||
Common shares issued for services, Amount | $ 5,000 | 5,000 | ||
Net loss | (35,850) | (35,850) | ||
Ending Balance, Shares at Aug. 31, 2017 | 62,637,500 | |||
Ending Balance, Amount at Aug. 31, 2017 | $ 62,638 | $ (43,619) | $ (88,948) | $ (69,929) |
STATEMENTS OF CASH FLOWS (Audit
STATEMENTS OF CASH FLOWS (Audited) - USD ($) | 12 Months Ended | |
Aug. 31, 2017 | Aug. 31, 2016 | |
OPERATING ACTIVITIES | ||
Net loss for the period | $ (35,850) | $ (35,008) |
Changes in operating assets and liabilities | ||
Accounts payable | (21,226) | 22,000 |
Prepaid | (1,875) | |
NET CASH USED IN OPERATING ACTIVITIES | (58,951) | (13,008) |
NET CASH USED IN INVESTING ACTIVITIES | ||
CASH FLOW FROM FINANCING ACTIVITIES | ||
Proceeds from sale of common stock | 5,000 | 4,029 |
Services rendered for common stock | 5,000 | (10) |
Proceeds from related parties | 48,720 | 13,510 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 58,720 | 17,528 |
NET DECREASE IN CASH | (231) | 4,521 |
CASH, BEGINNING OF PERIOD | 5,108 | 587 |
CASH, END OF PERIOD | 4,877 | 5,108 |
SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
Cash paid during the period for Interest | ||
Cash paid during the period for Income taxes |
NATURE OF OPERATIONS AND BASIS
NATURE OF OPERATIONS AND BASIS OF PRESENTATION | 12 Months Ended |
Aug. 31, 2017 | |
Notes to Financial Statements | |
NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION | My Cloudz, Inc. was incorporated in the State of Nevada as a for-profit Company on July 31, 2014 and established a fiscal year end of August 31. The Company intends to market and sell its planned online data storage through its intended website. Going concern To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $88,948. As at August 31, 2017 the Company has a working capital deficit of $ 69,929. The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Companys ability to continue as a going concern. The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required. As of August 31, 2017 the Company has funded initial expensed through advances from the president. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Aug. 31, 2017 | |
Notes to Financial Statements | |
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Basis of presentation The financial statements present the balance sheet, statements of operations, stockholders equity (deficit) and cash flows of the Company. These financial statements are presented in the United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. Comprehensive Loss Reporting Comprehensive Income establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As of August 31, 2017, the Company has no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements. Use of Estimates and Assumptions Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Accordingly, actual results could differ from those estimates. Cash Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The Company did not have cash equivalents as of August 31, 2017. As of August 31, 2017 the Company had $16 held in an escrow account with Highland Escrow Trust and Real Estate Services Co. Ltd., and $4,861 in a lawyers trust account with the Law Offices of Thomas E. Puzzo, PLLC. Financial Instruments All significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practical the fair value of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed. Loss per Common Share The basic loss per share is calculated by dividing the Companys net loss available to common shareholders by the weighted average number of common shares during the period. The diluted loss per share is calculated by dividing the Companys net loss available to common shareholders by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company. Income Taxes The Company follows the liability method of accounting for income taxes. Under this 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 balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those 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 date of enactment or substantive enactment. Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
CAPITAL STOCK
CAPITAL STOCK | 12 Months Ended |
Aug. 31, 2017 | |
Notes to Financial Statements | |
NOTE 3 - CAPITAL STOCK | The Companys capitalization is 200,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued. On November 10, 2014, the Company issued 1,250,000,000 common shares at $0.000004 per share to the sole director and president of the Company for cash proceeds of $5,000. On March 11, 2016, the Company closed of its financing and the Company issued 20,137,500 common shares to 30 shareholders at $0.0002 per share for net cash proceeds of $4,029. On March 15, 2016, the founding shareholder of the Company returned 1,217,500,000 restricted shares of common stock to treasury and the shares were subsequently cancelled by the Company. The shares were returned to treasury for $0.000000008 per share for a total consideration of $10 to the shareholder. On March 15, 2016, the directors of the Company approved a special resolution to undertake a forward split of the common stock of the Company on a basis of 250 new common shares for 1 old common share. The issued and outstanding common stock increased from 210,550 to 52,637,500 as of March 15, 2016. On May 29, 2017 the directors of the Company approved the issuance of 2,500,000 common shares at $0.001 to Thomas Puzzo to provide legal services to the Company for a term of one year. All references in these financial statements to number of common shares, price per share and weighted average number of shares outstanding prior to the 250:1 forward split have been adjusted to reflect the stock split on a retroactive basis unless otherwise noted. On June 1, 2017 the directors of the Company approved to sell up to ten million (10,000,000) common shares of the Company stock at $0.001 per share. As of August 31, 2017 the Company had sold 5,000,000 shares for net proceeds of $5,000 to the Company. On June 1, 2017 the Company in exchange for providing legal services in connections with a business transaction (refer to Note 4) all rendering legal advice in connection with U.S. securities relations for a term of one year the Company issued a total of 5,000,000 ( 2 x 2,500,000) restricted shares to two lawyers at a par value of $0.001. All considerations for payment for the shares will have been paid for the shares as of June 1, 2017. As of August 31, 2017, the Company has not granted any stock options and has not recorded any stock-based compensation. |
LETTER OF INTENT
LETTER OF INTENT | 12 Months Ended |
Aug. 31, 2017 | |
Notes to Financial Statements | |
NOTE 4 - LETTER OF INTENT | Subsequent to the period, on September 5, My Cloudz, Inc., a Nevada corporation (the Company), announced it had entered into a non-binding letter of intent, dated August 17 th Gridiron BioNutrients is a business committed to health solutions through the advancement of cannabidiol CBD science. The Companys flagship product is Gridiron MVP Water; Gridiron is also currently in development of additional CBD products for the health and wellness industry that will be released over the next twelve months. The Gridiron MVP water is infused with the highest quality organic CBD that has soil based probiotics, fulvic and humic minerals, 77+ additional trace minerals, electrolytes, with a pH of 10. The beverage has no THC, no sugar - no artificial flavors - no artificial colors. The Letter of Intent provides that until November 30 th th th |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Aug. 31, 2017 | |
Notes to Financial Statements | |
NOTE 5 - RELATED PARTY TRANSACTIONS | As of August 31, 2017 the Companys outstanding related party advances balance is $75,907 (August 31, 2016 - $27,187). The amounts are due to the Companys former President and, are non-interest bearing, unsecured, expected to be repaid and considered a current liability. On June 1, 2017 the Company issued to the current president of the Company 2,500,000 restricted common shares for providing legal services. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Aug. 31, 2017 | |
Notes to Financial Statements | |
NOTE 6 - INCOME TAXES | A reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Companys income tax expense as reported is as follows: August 31, 2017 August 31, 2016 Net loss before income taxes per financial statements $ (35,850 ) $ (35,008 ) Income tax rate 34 % 34 % Income tax recovery (12,189 ) (11,903 ) Non-deductible -- -- Valuation allowance change 12,189 11,903 Provision for income taxes $ $ The significant component of deferred income tax assets at August 31, 2017 and August 31, 2016, is as follows: August 31, 2017 August 31, 2016 Net operating loss carry-forward $ 30,243 $ 18,054 Valuation allowance (30,243 ) (18,054 ) Net deferred income tax asset $ $ The amount taken into income as deferred income tax assets must reflect that portion of the income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has chosen to provide a full valuation allowance against all available income tax loss carry forwards. The Company has recognized a valuation allowance for the deferred income tax asset since the Company cannot be assured that it is more likely than not that such benefit will be utilized in future years. The valuation allowance is reviewed annually. When circumstances change and which cause a change in management's judgment about the realizability of deferred income tax assets, the impact of the change on the valuation allowance is generally reflected in current income. As of August 31, 2017 and August 31, 2016 the Company has no unrecognized income tax benefits. The Companys policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items as tax expense. No interest or penalties have been recorded during the year ended August 31, 2017 and August 31, 2016 and no interest or penalties have been accrued as of August 31, 2017 and August 31, 2016. As of August 31, 2017 and August 31, 2016, the Company did not have any amounts recorded pertaining to uncertain tax positions. The tax years from 2014 and forward remain open to examination by federal and state authorities due to net operating loss and credit carryforwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Aug. 31, 2017 | |
Notes to Financial Statements | |
NOTE 7 - SUBSEQUENT EVENTS | On September 5, My Cloudz, Inc., a Nevada corporation (the Company), announced it had entered into a non-binding letter of intent, dated August 17 th Gridiron BioNutrients is a business committed to health solutions through the advancement of cannabidiol CBD science. The Companys flagship product is Gridiron MVP Water; Gridiron is also currently in development of additional CBD products for the health and wellness industry that will be released over the next twelve months. The Gridiron MVP water is infused with the highest quality organic CBD that has soil based probiotics, fulvic and humic minerals, 77+ additional trace minerals, electrolytes, with a pH of 10. The beverage has no THC, no sugar - no artificial flavors - no artificial colors. The Letter of Intent provides that until November 30 th th th On October 9, 2017, My Cloudz, Inc., a Nevada corporation (the Company), entered into a Share Exchange Agreement (the Share Exchange Agreement), by and among the Company, GridIron BioNutrients, Inc., a Nevada corporation (GridIron BioNutrients), and the holders of common stock of GridIron BioNutrients, which consisted of 3 stockholders. Under the terms and conditions of the Share Exchange Agreement, the Company offered, sold and issued 70,000,000 shares of common stock of the Company in consideration for all the issued and outstanding shares in GridIron BioNutrients. The effect of the issuance is that former GridIron BioNutrients shareholders now hold approximately 57.0% of the issued and outstanding shares of common stock of the Company, and GridIron BioNutrients is now a wholly-owned subsidiary of the Company. Darren Long, the founder of GridIron BioNutrients, and the Companys new Chief Executive Officer, Chairman of the board of directors, and Secretary, is the holder of 35,000,000 shares of common stock of the Company. Timothy Orr, the Companys new President and a director of the Company, is the holder of 17,500,000 shares of common stock of the Company. Brian Martinho, the Companys new Treasurer and a director, is the holder of 17,500,000 shares of common stock of the Company. The Companys new officers and sole director, therefore, control an aggregate of 70,000,000, or 57.0%, of the outstanding common stock of the Company, on a fully diluted basis. GridIron BioNutrients was incorporated on July 20, 2017, in Nevada. The business of GridIron BioNutrients is now our principal business. GridIron BioNutrients is organized for various investments under the GridIron BioNutrients brand as well as to conduct any other related business and activities. GridIron BioNutrients is the owner and has right to intellectual property, including trademark, trade dress, images, likenesses and other associated intellectual property, such as the name Sony Hill related to Timothy Orr. |
SUMMARY OF SIGNIFICANT ACCOUN14
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Aug. 31, 2017 | |
Summary Of Significant Accounting Policies Policies | |
Basis of presentation | The financial statements present the balance sheet, statements of operations, stockholders equity (deficit) and cash flows of the Company. These financial statements are presented in the United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. |
Comprehensive Loss | Reporting Comprehensive Income establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As of August 31, 2017, the Company has no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements. |
Use of Estimates and Assumptions | Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Accordingly, actual results could differ from those estimates. |
Cash | Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The Company did not have cash equivalents as of August 31, 2017. As of August 31, 2017 the Company had $16 held in an escrow account with Highland Escrow Trust and Real Estate Services Co. Ltd., and $4,861 in a lawyers trust account with the Law Offices of Thomas E. Puzzo, PLLC. |
Financial Instruments | All significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practical the fair value of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed. |
Loss per Common Share | The basic loss per share is calculated by dividing the Companys net loss available to common shareholders by the weighted average number of common shares during the period. The diluted loss per share is calculated by dividing the Companys net loss available to common shareholders by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company. |
Income Taxes | The Company follows the liability method of accounting for income taxes. Under this 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 balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those 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 date of enactment or substantive enactment. |
Recent Accounting Pronouncements | The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Aug. 31, 2016 | |
Income Taxes Tables | |
Summary of provision for income taxes | August 31, 2017 August 31, 2016 Net loss before income taxes per financial statements $ (35,850 ) $ (35,008 ) Income tax rate 34 % 34 % Income tax recovery (12,189 ) (11,903 ) Non-deductible -- -- Valuation allowance change 12,189 11,903 Provision for income taxes $ $ |
Component of deferred income tax assets | August 31, 2017 August 31, 2016 Net operating loss carry-forward $ 30,243 $ 18,054 Valuation allowance (30,243 ) (18,054 ) Net deferred income tax asset $ $ |
NATURE OF OPERATIONS AND BASI16
NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative) - USD ($) | 12 Months Ended | ||||
Aug. 31, 2017 | Aug. 31, 2016 | Aug. 31, 2015 | Aug. 31, 2014 | Jul. 31, 2014 | |
Nature Of Operations And Basis Of Presentation Details Narrative | |||||
State of Incorporation | Nevada | ||||
Date of incorporation | Jul. 31, 2014 | ||||
Accumulated deficit | $ (88,948) | $ (53,098) | |||
Working capital deficit | $ (69,929) | $ (44,079) | $ (13,090) | $ (3,567) |
SUMMARY OF SIGNIFICANT ACCOUN17
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | Aug. 31, 2017USD ($) |
Highland Escrow Trust [Member] | |
Escrow deposits | $ 16 |
Thomas E. Puzzo, PLLC [Member] | |
Lawyers trust accounts deposits | $ 4,861 |
CAPITAL STOCK (Details Narrativ
CAPITAL STOCK (Details Narrative) | Jun. 01, 2017Shareholders$ / sharesshares | Mar. 15, 2016USD ($)$ / sharesshares | Mar. 11, 2016USD ($)Shareholders$ / sharesshares | Nov. 10, 2014USD ($)$ / sharesshares | May 29, 2017$ / sharesshares | Aug. 31, 2017USD ($)$ / sharesshares | Aug. 31, 2016USD ($)$ / sharesshares | Aug. 31, 2015USD ($) | Mar. 14, 2016shares |
Common stock, par value | $ / shares | $ 0.001 | $ 0.001 | |||||||
Common stock, shares capitalization | 200,000,000 | 200,000,000 | |||||||
Common stock, shares | 20,137,500 | 1,250,000,000 | |||||||
Common stock, price per share | $ / shares | $ 0.0002 | $ 0.000004 | |||||||
Cash proceeds | $ | $ 4,029 | $ 5,000 | $ 5,000 | $ 4,029 | $ 5,000 | ||||
Number of shareholders | Shareholders | 30 | ||||||||
Restricted stock shares returned | 5,000,000 | 1,217,500,000 | |||||||
Restricted shares returned, price per share | $ / shares | $ 0.001 | $ 0.00 | |||||||
Total consideration to shareholder for return of restricted shares | $ | $ 10 | ||||||||
Stock split | Split of the common stock of the Company on a basis of 250 new common shares for 1 old common share | Weighted average number of shares outstanding prior to the 250:1 forward split have been adjusted to reflect the stock split on a retroactive basis unless otherwise noted | |||||||
Common stock, shares issued | 52,637,500 | 62,637,500 | 52,637,500 | 210,550 | |||||
Common stock, shares outstanding | 52,637,500 | 62,637,500 | 52,637,500 | 210,550 | |||||
Number of lawyers | Shareholders | 2 | ||||||||
Director [Member] | |||||||||
Common stock, par value | $ / shares | $ 0.001 | ||||||||
Common stock, shares capitalization | 10,000,000 | ||||||||
Common stock share, sold | 5,000,000 | ||||||||
Net proceeds form sale of common stock | $ | $ 5,000 | ||||||||
Thomas Puzzo [Member] | |||||||||
Common stock issued, legal services | 2,500,000 | ||||||||
Common stock, price per share | $ / shares | $ 0.001 |
LETTER OF INTENT (Details Narra
LETTER OF INTENT (Details Narrative) | Oct. 09, 2017 | Sep. 05, 2017 |
Subsequent Event [Member] | Gridiron [Member] | ||
Issued and outstanding common stock, percentage | 57.00% | 70.00% |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Jun. 01, 2017 | Aug. 31, 2017 | Aug. 31, 2016 |
Due to related party | $ 75,907 | $ 27,187 | |
Legal Services [Member] | |||
Restricted common stock shares issued | 2,500,000 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | 1 Months Ended | 12 Months Ended | ||
Aug. 31, 2014 | Aug. 31, 2017 | Aug. 31, 2016 | Aug. 31, 2015 | |
Income Taxes Details | ||||
Net loss | $ (3,567) | $ (35,850) | $ (35,008) | $ (14,523) |
Income tax rate | 34.00% | 34.00% | ||
Income tax recovery | $ (12,189) | $ (11,903) | ||
Non-deductible | ||||
Valuation allowance change | $ 12,189 | $ 11,903 | ||
Provision for income taxes |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | Aug. 31, 2017 | Aug. 31, 2016 |
Income Taxes Details 1 | ||
Net operating loss carry-forward | $ 30,243 | $ 18,054 |
Valuation allowance | (30,243) | (18,054) |
Net deferred income tax asset |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) | Oct. 09, 2017Shareholdersshares | Sep. 05, 2017 | Nov. 30, 2017 | Aug. 31, 2017 |
State of Incorporation | Nevada | |||
Date of incorporation | Jul. 31, 2014 | |||
Gridiron [Member] | ||||
State of Incorporation | Nevada | |||
Date of incorporation | Jul. 20, 2017 | |||
Subsequent Event [Member] | Gridiron [Member] | ||||
Issued and outstanding common stock, percentage | 57.00% | 70.00% | ||
Description for letter of intent | The Company nor Gridiron BioNutrients may negotiate or deal with any other party with respect to any matter related to the prospective share exchange, and (ii) that definitive documentation regarding the prospective share exchange shall be executed not later than November 30, 2017, and that closing shall take place on November 30th 2017. The agreement allows for an automatic extension of 30 days should the definitive agreement not be executed by November 30th, 2017. Should for any reason the definitive agreement not be executed by March 31, 2018 then the letter of intent shall be deemed terminated. | |||
Number of stockholders | Shareholders | 3 | |||
Issuance of common stcock for business acquisition | 70,000,000 | |||
Subsequent Event [Member] | Darren Long [Member] | ||||
Common stock held | 35,000,000 | |||
Subsequent Event [Member] | Timothy Orr [Member] | ||||
Common stock held | 17,500,000 | |||
Subsequent Event [Member] | Brian Martinho [Member] | ||||
Common stock held | 17,500,000 |