Cover
Cover - shares | 9 Months Ended | |
Sep. 30, 2020 | Jan. 20, 2021 | |
Cover [Abstract] | ||
Entity Registrant Name | MED SPA VACATIONS INC. | |
Entity Central Index Key | 0001671077 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Small Business | true | |
Entity Shell Company | true | |
Entity Emerging Growth Company | true | |
Entity Current Reporting Status | Yes | |
Document Period End Date | Sep. 30, 2020 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2020 | |
Entity Ex Transition Period | false | |
Entity Common Stock Shares Outstanding | 14,350,000 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 333-210922 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 47-5268172 | |
Entity Address Address Line 1 | 23-25 Mangrove Lane | |
Entity Address Address Line 2 | Taren Point | |
Entity Address City Or Town | NSW | |
Entity Address Country | AU | |
City Area Code | +61 | |
Local Phone Number | 1300-488-866 | |
Entity Interactive Data Current | Yes |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
Current Assets: | ||
Cash | $ 0 | $ 8,842 |
Total Current Assets | 0 | 8,842 |
TOTAL ASSETS | 0 | 8,842 |
Current Liabilities: | ||
Accounts payable | 6 | 9,723 |
Due to related party | 34,322 | 33,447 |
Total Current Liabilities | 34,328 | 43,170 |
Total Liabilities | 34,328 | 43,170 |
Stockholders' Deficit: | ||
Preferred stock, $0.001 par value, 25,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,350,000 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively | 14,350 | 14,350 |
Additional paid-in capital | 272,445 | 272,445 |
Accumulated deficit | (321,123) | (321,123) |
Total Stockholders' Deficit | (34,328) | (34,328) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 0 | $ 8,842 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - $ / shares | Sep. 30, 2020 | Dec. 31, 2019 |
BALANCE SHEETS | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 14,350,000 | 14,350,000 |
Common stock, shares outstanding | 14,350,000 | 14,350,000 |
STATEMENTS OF OPERATIONS (Unaud
STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Operating Expenses | ||||
Professional fees | $ 0 | $ 18,561 | $ 0 | $ 214,013 |
Total Operating Expenses | 0 | 18,561 | 0 | 214,013 |
Loss from operations | 0 | (18,561) | 0 | (214,013) |
Provision for Income Taxes | 0 | 0 | 0 | 0 |
Net Loss | $ 0 | $ (18,561) | $ 0 | $ (214,013) |
Net loss per common share: Basic and Diluted | $ 0 | $ 0 | $ 0 | $ (0.01) |
Weighted average number of common shares outstanding: Basic and Diluted | 14,350,000 | 14,350,000 | 14,350,000 | 14,350,000 |
STATEMENTS OF STOCKHOLDERS' DEF
STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($) | Total | Common Stock | Additional Paid-In Capital | Accumulated Deficit |
Balance, shares at Dec. 31, 2018 | 14,350,000 | |||
Balance, amount at Dec. 31, 2018 | $ (17,613) | $ 14,350 | $ 60,255 | $ (92,218) |
Net loss | (31,610) | $ 0 | 0 | (31,610) |
Balance, shares at Mar. 31, 2019 | 14,350,000 | |||
Balance, amount at Mar. 31, 2019 | (49,223) | $ 14,350 | 60,255 | (123,828) |
Balance, shares at Dec. 31, 2018 | 14,350,000 | |||
Balance, amount at Dec. 31, 2018 | (17,613) | $ 14,350 | 60,255 | (92,218) |
Net loss | (214,013) | |||
Balance, shares at Sep. 30, 2019 | 14,350,000 | |||
Balance, amount at Sep. 30, 2019 | (19,436) | $ 14,350 | 272,445 | (306,231) |
Balance, shares at Mar. 31, 2019 | 14,350,000 | |||
Balance, amount at Mar. 31, 2019 | (49,223) | $ 14,350 | 60,255 | (123,828) |
Net loss | (163,842) | 0 | 0 | (163,842) |
Debt forgiveness by former officer | 212,190 | $ 0 | 212,190 | 0 |
Balance, shares at Jun. 30, 2019 | 14,350,000 | |||
Balance, amount at Jun. 30, 2019 | (875) | $ 14,350 | 272,445 | (287,670) |
Net loss | (18,561) | $ 0 | 0 | (18,561) |
Balance, shares at Sep. 30, 2019 | 14,350,000 | |||
Balance, amount at Sep. 30, 2019 | (19,436) | $ 14,350 | 272,445 | (306,231) |
Balance, shares at Dec. 31, 2019 | 14,350,000 | |||
Balance, amount at Dec. 31, 2019 | (34,328) | $ 14,350 | 272,445 | (321,123) |
Net loss | 0 | $ 0 | 0 | 0 |
Balance, shares at Mar. 31, 2020 | 14,350,000 | |||
Balance, amount at Mar. 31, 2020 | (34,328) | $ 14,350 | 272,445 | (321,123) |
Balance, shares at Dec. 31, 2019 | 14,350,000 | |||
Balance, amount at Dec. 31, 2019 | (34,328) | $ 14,350 | 272,445 | (321,123) |
Net loss | 0 | |||
Balance, shares at Sep. 30, 2020 | 14,350,000 | |||
Balance, amount at Sep. 30, 2020 | (34,328) | $ 14,350 | 272,445 | (321,123) |
Balance, shares at Mar. 31, 2020 | 14,350,000 | |||
Balance, amount at Mar. 31, 2020 | (34,328) | $ 14,350 | 272,445 | (321,123) |
Net loss | 0 | $ 0 | 0 | 0 |
Balance, shares at Jun. 30, 2020 | 14,350,000 | |||
Balance, amount at Jun. 30, 2020 | (34,328) | $ 14,350 | 272,445 | (321,123) |
Net loss | 0 | $ 0 | 0 | 0 |
Balance, shares at Sep. 30, 2020 | 14,350,000 | |||
Balance, amount at Sep. 30, 2020 | $ (34,328) | $ 14,350 | $ 272,445 | $ (321,123) |
STATEMENTS OF CASH FLOW
STATEMENTS OF CASH FLOW - USD ($) | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ 0 | $ (195,452) |
Changes in operating assets and liabilities: | ||
Expenses paid by related party | 875 | 174,290 |
Accounts payable | (9,717) | (338) |
Net cash used in operating activities | (8,842) | (21,500) |
Net change in cash for period | (8,842) | (21,500) |
Cash at beginning of period | 8,842 | 21,500 |
Cash at end of period | 0 | 0 |
SUPPLEMENTAL CASH FLOW INFORMATION | ||
Cash paid for income taxes | 0 | 0 |
Cash paid for interest | 0 | 0 |
NON CASH INVESTING AND FINANCING ACTIVITIES | ||
Related party debt forgiven recorded as additional paid in capital | $ 0 | $ 212,190 |
ORGANIZATION, DESCRIPTION OF BU
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN | 9 Months Ended |
Sep. 30, 2020 | |
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN | |
Note -1 ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN | NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN We were incorporated in the State of Nevada on October 5, 2015. Our office address is 23-25 Mangrove Lane Taren Point, NSW 2229, Australia. Description of Business Our plan was to develop a business that specializes in marketing health and wellness vacations to both individuals and corporate groups looking to revitalize and develop a fuller day-to-day life. We were looking to establish a niche in the travel market that caters to sustained wellness and rejuvenation, recognizing the ever-increasing social trend toward finding of a more holistic balance in life. We were not successful in our efforts and discontinued that line of business. Going forward, we intend to seek, investigate and, if such investigation warrants, engage in a business combination with a private entity whose business presents an opportunity for our shareholders. No specific assets or businesses have been definitively identified and there is no certainty that any such assets or business will be identified or that any transactions will be consummated. Going concern and Liquidity Considerations The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of September 30, 2020, the Company has reoccurring losses from operations, an accumulated deficit of $321,123 and has earned no revenues. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending December 31, 2020. The ability of the Company to emerge from the early stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2020 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Note -2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation of Unaudited Interim Financial Statements The accompanying unaudited interim 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 September 30, 2020 and the results of operations and cash flows for the periods presented. The results of operations for the period ended September 30, 2020 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited interim 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 for the year ended December 31, 2019 filed with the SEC on January 5, 2021. Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s unaudited interim financial statements. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2020 | |
RELATED PARTY TRANSACTIONS | |
Note -3 RELATED PARTY TRANSACTIONS | NOTE 3 – RELATED PARTY TRANSACTIONS During the nine months ended September 30, 2020 and 2019, the Company’s sole Director and Officer paid an amount of $875 and $174,290 by paying for expenses on behalf of the Company, respectively. As of September 30, 2020, and December 31, 2019, there were $34,322 and $33,447 due to related party, respectively. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of Presentation of Unaudited Interim Financial Statements | The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of September 30, 2020 and the results of operations and cash flows for the periods presented. The results of operations for the period ended September 30, 2020 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited interim financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on January 5, 2021. |
Recently Issued Accounting Pronouncements | Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s unaudited interim financial statements. |
ORGANIZATION, DESCRIPTION OF _2
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN (Detail Narrative) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN | ||
Accumulated deficit | $ (321,123) | $ (321,123) |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Detail Narrative) - USD ($) | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | |
Due to related party | $ 34,322 | $ 33,447 | |
Related Party Transaction, Expenses from Transactions with Related Party | 875 | $ 174,290 | |
Officers And Directors [Member] | |||
Related Party Transaction, Expenses from Transactions with Related Party | $ 875 | $ 174,290 |