Document and Entity Information
Document and Entity Information | 9 Months Ended |
Jan. 31, 2018shares | |
Document and Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Jan. 31, 2018 |
Document Fiscal Year Focus | 2,018 |
Document Fiscal Period Focus | Q3 |
Entity Registrant Name | NEWMARKT CORP. |
Entity Central Index Key | 1,679,817 |
Current Fiscal Year End Date | --04-30 |
Entity Filer Category | Smaller Reporting Company |
Entity Common Stock, Shares Outstanding | 2,797,500 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jan. 31, 2018 | Apr. 30, 2017 |
Current Assets | ||
Cash | $ 95 | $ 712 |
Prepaid expense | 21,710 | 15,526 |
Accounts receivable | 8,359 | 29,060 |
Total Current Assets | 30,164 | 45,298 |
Equipment net, Accumulated depreciation of $18,624 and $15,850 | 8,145 | 10,919 |
Total Assets | 38,309 | 56,217 |
Accrued expenses | 0 | 8,500 |
Loan payable, related party | 87,710 | 62,710 |
Total Current Liabilities and Total Liabilities | $ 87,710 | $ 71,210 |
Common stock, par value $0.001; 75,000,000 shares authorized, 2,667,500 shares issued and outstanding at January 31, 2018 and April 30, 2017 | 2,668 | 2,668 |
Additional Paid Capital | $ 25,960 | $ 25,960 |
Accumulated deficit | (78,029) | (43,621) |
Total Stockholder's Deficit | (49,401) | (14,993) |
Total Liabilities and Stockholder's Deficit | $ 38,309 | $ 56,217 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - USD ($) | Jan. 31, 2018 | Apr. 30, 2017 |
Statement of Financial Position [Abstract] | ||
Equipment net, Accumulated depreciation of $18,624 and $15,850 | $ 18,624 | $ 15,850 |
Common stock par value | $ 0.001 | $ 0.001 |
Common stock shares authorized | 75,000,000 | 75,000,000 |
Common stock shares outstanding | 2,667,500 | 2,667,500 |
STATEMENT OF OPERATIONS
STATEMENT OF OPERATIONS - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2018 | Jan. 31, 2017 | |
Income Statement [Abstract] | ||||
REVENUES | $ 0 | $ 4,920 | $ 21,440 | $ 21,970 |
General and Administrative Expenses | (28,035) | (22,469) | (55,848) | (36,395) |
TOTAL OPERATING EXPENSES | (28,035) | (22,469) | (55,848) | (36,395) |
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES | (28,035) | (17,549) | (34,408) | (14,425) |
NET INCOME (LOSS) | (28,035) | (17,549) | (34,408) | (14,425) |
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED | $ (0.01) | $ (0.01) | $ (0.01) | $ (0.01) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED | 2,667,500 | 2,390,543 | 2,667,500 | 2,192,192 |
STATEMENT OF CASH FLOWS
STATEMENT OF CASH FLOWS - USD ($) | 9 Months Ended | |
Jan. 31, 2018 | Jan. 31, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income (loss) for the period | $ (34,408) | $ (14,425) |
Depreciation | 2,774 | 10,054 |
Accounts receivable | 20,701 | 0 |
Prepaid expense Customer deposits | (6,184) | (6,068) |
Customer deposits | 0 | (2,800) |
Accrued expenses | (8,500) | (7,500) |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | (25,617) | (20,739) |
Purchase of equipment | 0 | (2,253) |
CASH FLOWS USED IN INVESTING ACTIVITIES | 0 | (2,253) |
Proceeds from related party loans | 25,000 | 0 |
Proceed from issuance of common stock | 0 | 26,628 |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 25,000 | 26,628 |
NET INCREASE (DECREASE) IN CASH | (617) | 3,636 |
Cash, beginning of period | 712 | 917 |
Cash, end of period | 95 | 4,553 |
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
- ORGANIZATION AND NATURE OF BU
- ORGANIZATION AND NATURE OF BUSINESS | 9 Months Ended |
Jan. 31, 2018 | |
- ORGANIZATION AND NATURE OF BUSINESS [Abstract] | |
- ORGANIZATION AND NATURE OF BUSINESS | NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS Newmarkt Corp. (“the Company”, “we”, “us” or “our”) was incorporated on July 17, 2015, under the laws of the State of Nevada, for the purpose of the renting different kind of Segway and bicycles, dual wheels self-balancing electric scooter and related safety equipment. |
- GOING CONCERN
- GOING CONCERN | 9 Months Ended |
Jan. 31, 2018 | |
- GOING CONCERN [Abstract] | |
- GOING CONCERN | NOTE 2 - GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company had not generated sufficient revenue to cover its operating costs, has incurred losses from inception, and has an accumulated deficit of $78,029 at January 31, 2018. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management's efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. |
- SUMMARY OF SIGNIFCANT ACCOUNT
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | 9 Months Ended |
Jan. 31, 2018 | |
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES [Abstract] | |
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES Basis of presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. Start-up costs In accordance with ASC 720, “Start-up Costs”, the company expenses all costs incurred in connection with the start-up and organization of the company. Fair Value of Financial Instruments AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Company's loan from shareholder approximates its fair value due to their short-term maturity. The company has no assets or liabilities valued at fair value on a recurring basis. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash E q ui v a lents T h e C o m p a ny c o nsi d ers all h i gh ly li qu i d inves t m e n ts wit h t h e ori g i n a l m atu ritie s o f thre e m on t hs or les s to be ca s h e q u i v a le n t s. 7 NEWMARKT CORP. NOTES TO THE FINANCIAL STATEMENTS JANUARY 31, 2018 (UNAUDITED) NOTE 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (CONTINUED) Depreciation, Amortization, and Capitalization The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. We estimate that the useful life of sport equipment (different kind of Segway and bicycles, dual wheels self-balancing electric scooter) is five years, related safety equipment is two years. Useful life of current version of web site is one year. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Revenue Recognition The Company recognizes revenue in accordance with ASC topic 605 “Revenue Recognition”. Revenue is recognized when persuasive evidence of an arrangement exists, product delivery has occurred, the selling price to the customer is fixed or determinable and collectability of the revenue is reasonably assured. The Company rents its equipment on a short-term basis and records the revenue at the time the rental is completed. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of January 31, 2018 there were no potentially dilutive debt or equity instruments issued or outstanding. Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
- LOAN FROM RELATED PARTY
- LOAN FROM RELATED PARTY | 9 Months Ended |
Jan. 31, 2018 | |
- LOAN FROM RELATED PARTY [Abstract] | |
- LOAN FROM RELATED PARTY | NOTE 4 - LOAN FROM RELATED PARTY As of January 31, 2018, our sole director and shareholder has loaned to the Company $87,710. This loan is unsecured, non-interest bearing and due on demand. The balance due to the director was $87,710 as of January 31, 2018. 8 NEWMARKT CORP. NOTES TO THE FINANCIAL STATEMENTS JANUARY 31, 2018 (UNAUDITED) |
- EQUIPMENT
- EQUIPMENT | 9 Months Ended | |
Jan. 31, 2018 | Jan. 31, 2018 | |
- EQUIPMENT [Abstract] | ||
- EQUIPMENT | NOTE 5 - EQUIPMENT Equipment Cost As at July 17, 2015 $ - Additions 63,675 Disposals - As at April 30, 2016 $ 63,675 Additions 3,449 Disposals (40,355 ) As at April 30, 2017 $ 26,769 Additions - Disposals - As at January 31, 2018 $ 26,769 Depreciation As at July 17, 2015 (-) Change for the period (2,302 ) As at April 30, 2016 $ (2,302 ) Change for the period (13,548 ) As at April 30, 2017 $ (15,850 ) Change for the period (2,773 ) As at January 31, 2018 $ (18,624 ) Net book value $ 8,145 | NOTE 5 - EQUIPMENT Equipment Cost As at July 17, 2015 $ - Additions 63,675 Disposals - As at April 30, 2016 $ 63,675 Additions 3,449 Disposals (40,355 ) As at April 30, 2017 $ 26,769 Additions - Disposals - As at January 31, 2018 $ 26,769 Depreciation As at July 17, 2015 (-) Change for the period (2,302 ) As at April 30, 2016 $ (2,302 ) Change for the period (13,548 ) As at April 30, 2017 $ (15,850 ) Change for the period (2,773 ) As at January 31, 2018 $ (18,624 ) Net book value $ 8,145 |
- COMMON STOCK
- COMMON STOCK | 9 Months Ended |
Jan. 31, 2018 | |
- COMMON STOCK [Abstract] | |
- COMMON STOCK | NOTE 6 - COMMON STOCK The Company has 75,000,000, $0.001 par value shares of common stock authorized. On January 20, 2016, the Company issued 2,000,000 shares of common stock to the Company's founder for cash proceeds of $2,000 at $0.001 per share. During November 2016, the Company issued 150,000 shares of common stock for cash proceeds of $5,970 at $0.04 per share. During December 2016, the Company issued 500,000 shares of common stock for cash proceeds of $19,958 at $0.04 per share. During January 2017, the Company issued 17,500 shares of common stock for cash proceeds of $700 at $0.04 per share. On September 13, 2017 we have issued the additional certificates in amount of 130,000 shares. There were total outstanding 2,797,500 shares; total restricted 2,130,000 shares; total non-restricted shares 667,500 as of January 31, 2018. |
- COMMITMENTS AND CONTINGENCIES
- COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Jan. 31, 2018 | |
- COMMITMENTS AND CONTINGENCIES [Abstract] | |
- COMMITMENTS AND CONTINGENCIES | NOTE 7 - COMMITMENTS AND CONTINGENCIES We currently rent our physical property in Lithuania for a $400 monthly fee, starting on February 1, 2016 until February 1, 2018 and prolonged until February 1, 2020. This location serves as our primary office for planning and implementing our business plan. The Company has signed two additional lease agreements in Vilnius Lithuania, which commenced in June 2017, for $280 and $200 monthly fee. 9 NEWMARKT CORP. NOTES TO THE FINANCIAL STATEMENTS JANUARY 31, 2018 (UNAUDITED) |
- INCOME TAXES
- INCOME TAXES | 9 Months Ended |
Jan. 31, 2018 | |
- INCOME TAXES [Abstract] | |
- INCOME TAXES | NOTE 8 - INCOME TAXES The Company has approximately $78,029 of net operating losses (“NOL”) available to be carried forward to offset taxable income, if any, in future years which expire in fiscal 2035. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against the entire deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized. |
- CONCENTRATIONS
- CONCENTRATIONS | 9 Months Ended |
Jan. 31, 2018 | |
- CONCENTRATIONS [Abstract] | |
- CONCENTRATIONS | NOTE 9 - CONCENTRATIONS For the nine months ended January 31, 2018 all revenue was earned from one customer, which represented 100% of total revenue. From inception to January 31, 2018 all revenue was earned from six customers, which represented 30%, 15%, 9%, 7%, 1% and 38% of total revenue for this period. |
- SUBSEQUENT EVENTS
- SUBSEQUENT EVENTS | 9 Months Ended |
Jan. 31, 2018 | |
- SUBSEQUENT EVENTS [Abstract] | |
- SUBSEQUENT EVENTS | NOTE 10 - SUBSEQUENT EVENTS Management has evaluated events subsequent to January 31, 2018 through the date these financial statements were available to be issued, and has determined that there are no events that would require disclosure in or adjustment to these financial statements. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Jan. 31, 2018 | |
Significant Accounting Policies (Policies) [Abstract] | |
NOTES TO THE FINANCIAL STATEMENTS | Basis of presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. Start-up costs In accordance with ASC 720, “Start-up Costs”, the company expenses all costs incurred in connection with the start-up and organization of the company. Fair Value of Financial Instruments AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Company's loan from shareholder approximates its fair value due to their short-term maturity. The company has no assets or liabilities valued at fair value on a recurring basis. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash E q ui v a lents T h e C o m p a ny c o nsi d ers all h i gh ly li qu i d inves t m e n ts wit h t h e ori g i n a l m atu ritie s o f thre e m on t hs or les s to be ca s h e q u i v a le n t s. 7 NEWMARKT CORP. NOTES TO THE FINANCIAL STATEMENTS JANUARY 31, 2018 (UNAUDITED) Depreciation, Amortization, and Capitalization The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. We estimate that the useful life of sport equipment (different kind of Segway and bicycles, dual wheels self-balancing electric scooter) is five years, related safety equipment is two years. Useful life of current version of web site is one year. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Revenue Recognition The Company recognizes revenue in accordance with ASC topic 605 “Revenue Recognition”. Revenue is recognized when persuasive evidence of an arrangement exists, product delivery has occurred, the selling price to the customer is fixed or determinable and collectability of the revenue is reasonably assured. The Company rents its equipment on a short-term basis and records the revenue at the time the rental is completed. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of January 31, 2018 there were no potentially dilutive debt or equity instruments issued or outstanding. Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
- SUMMARY OF SIGNIFCANT ACCOU17
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Tables) | 9 Months Ended |
Jan. 31, 2018 | |
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Tables) [Abstract] | |
These tiers include: | These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. |
- EQUIPMENT (Tables)
- EQUIPMENT (Tables) | 9 Months Ended | |
Jan. 31, 2018 | Jan. 31, 2018 | |
- EQUIPMENT (Tables) [Abstract] | ||
- EQUIPMENT | NOTE 5 - EQUIPMENT Equipment Cost As at July 17, 2015 $ - Additions 63,675 Disposals - As at April 30, 2016 $ 63,675 Additions 3,449 Disposals (40,355 ) As at April 30, 2017 $ 26,769 Additions - Disposals - As at January 31, 2018 $ 26,769 Depreciation As at July 17, 2015 (-) Change for the period (2,302 ) As at April 30, 2016 $ (2,302 ) Change for the period (13,548 ) As at April 30, 2017 $ (15,850 ) Change for the period (2,773 ) As at January 31, 2018 $ (18,624 ) Net book value $ 8,145 | NOTE 5 - EQUIPMENT Equipment Cost As at July 17, 2015 $ - Additions 63,675 Disposals - As at April 30, 2016 $ 63,675 Additions 3,449 Disposals (40,355 ) As at April 30, 2017 $ 26,769 Additions - Disposals - As at January 31, 2018 $ 26,769 Depreciation As at July 17, 2015 (-) Change for the period (2,302 ) As at April 30, 2016 $ (2,302 ) Change for the period (13,548 ) As at April 30, 2017 $ (15,850 ) Change for the period (2,773 ) As at January 31, 2018 $ (18,624 ) Net book value $ 8,145 |
- GOING CONCERN (Details Text)
- GOING CONCERN (Details Text) | Jan. 31, 2018USD ($) |
Going Concern_ Abstract_ [Abstract] | |
The Company had not generated sufficient revenue to cover its operating costs, has incurred losses from inception, and has an accumulated deficit of $78,029 at January 31, 2018 | $ 78,029 |
- SUMMARY OF SIGNIFCANT ACCOU20
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Details Text) | Jan. 31, 2018 |
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES [Abstract] | |
We estimate that the useful life of sport equipment (different kind of Segway and bicycles, dual wheels self-balancing electric scooter) is five years, related safety equipment is two years | 5 |
Useful life of current version of web site is one year | 1 |
- LOAN FROM RELATED PARTY (Deta
- LOAN FROM RELATED PARTY (Details Text) | Jan. 31, 2018USD ($) |
- LOAN FROM RELATED PARTY [Abstract] | |
As of January 31, 2018, our sole director and shareholder has loaned to the Company $87,710 | $ 87,710 |
The balance due to the director was $87,710 as of January 31, 2018. | $ 87,710 |
- EQUIPMENT (Details 1)
- EQUIPMENT (Details 1) | 30 Months Ended |
Jan. 31, 2018USD ($) | |
Equipment__ Abstract_ [Abstract] | |
As at July 17, 2015 | $ 0 |
Additions | 63,675 |
As at April 30, 2016 | 63,675 |
Additions | 3,449 |
Disposals | (40,355) |
As at April 30, 2017 | 26,769 |
As at January 31, 2018 | 26,769 |
Change for the period | (2,302) |
As at April 30, 2016 | (2,302) |
Change for the period | (13,548) |
As at April 30, 2017 | (15,850) |
Change for the period | (2,773) |
As at January 31, 2018 | (18,624) |
Net book value | $ 8,145 |
- COMMON STOCK (Details Text)
- COMMON STOCK (Details Text) - USD ($) | Jan. 31, 2018 | Sep. 13, 2017 | Jan. 31, 2017 | Dec. 31, 2016 | Nov. 30, 2016 | Jan. 20, 2016 |
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | ||||||
On January 20, 2016, the Company issued 2,000,000 shares of common stock to the Company's founder for cash proceeds of $2,000 at $0.001 per share. | $ 2,000 | |||||
During November 2016, the Company issued 150,000 shares of common stock for cash proceeds of $5,970 at $0.04 per share. | $ 5,970 | |||||
During December 2016, the Company issued 500,000 shares of common stock for cash proceeds of $19,958 at $0.04 per share. | $ 19,958 | |||||
During January 2017, the Company issued 17,500 shares of common stock for cash proceeds of $700 at $0.04 per share. | $ 700 | |||||
On September 13, 2017 we have issued the additional certificates in amount of 130,000 shares. | $ 130,000 | |||||
There were total outstanding 2,797,500 shares; total restricted 2,130,000 shares; total non-restricted shares 667,500 as of January 31, 2018. | $ 2,797,500 |
- COMMITMENTS AND CONTINGENCI24
- COMMITMENTS AND CONTINGENCIES (Details Text) - USD ($) | Feb. 01, 2018 | Jun. 30, 2017 |
Commitments And Contingencies [Abstract] | ||
We currently rent our physical property in Lithuania for a $400 monthly fee, starting on February 1, 2016 until February 1, 2018 and prolonged until February 1, 2020 | $ 400 | |
The Company has signed two additional lease agreements in Vilnius Lithuania, which commenced in June 2017, for $280 and $200 monthly fee. | $ 480 |
- INCOME TAXES (Details Text)
- INCOME TAXES (Details Text) | Jan. 31, 2018USD ($) |
- INCOME TAXES [Abstract] | |
The Company has approximately $78,029 of net operating losses ("NOL") available to be carried forward to offset taxable income, if any, in future years which expire in fiscal 2035 | $ 78,029 |
- CONCENTRATIONS (Details Text)
- CONCENTRATIONS (Details Text) | Jan. 31, 2018USD ($) |
Concentrations [Abstract] | |
For the nine months ended January 31, 2018 all revenue was earned from one customer, which represented 100% of total revenue | $ 100 |
From inception to January 31, 2018 all revenue was earned from six customers, which represented 30%, 15%, 9%, 7%, 1% and 38% of total revenue for this period. | $ 6 |