Cover
Cover | 6 Months Ended |
Oct. 31, 2019shares | |
Cover [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Oct. 31, 2019 |
Current Fiscal Year End Date | --04-30 |
Entity File Number | 333-218733 |
Entity Registrant Name | YIJIA GROUP CORP. |
Entity Central Index Key | 0001699709 |
Entity Incorporation, State or Country Code | NV |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Elected Not To Use the Extended Transition Period | false |
Entity Common Stock, Shares Outstanding | 5,871,250 |
Document Fiscal Year Focus | 2020 |
DocumentFiscalPeriodFocus | Q2 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Oct. 31, 2019 | Apr. 30, 2019 |
Current Assets | ||
Total Current Assets | $ 0 | $ 0 |
Total Assets | 0 | 0 |
Current Liabilities | ||
Other payable and accruals | 7,836 | 0 |
Related Party Loans | 81,809 | 50,242 |
Total Current Liabilities | 89,645 | 50,242 |
Total Liabilities | 89,645 | 50,242 |
Commitments and Contingencies | ||
Stockholders' Deficit | ||
Common stock, par value $0.001; 75,000,000 shares authorized, 5,871,250 and 5,871,250 shares issued and outstanding, respectively | 5,871 | 5,871 |
Additional paid in capital | 58,824 | 58,824 |
Accumulated deficit | (154,340) | (114,937) |
Total Stockholders' Deficit | (89,645) | (50,242) |
Total Liabilities and Stockholders' Deficit | $ 0 | $ 0 |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Oct. 31, 2019 | Apr. 30, 2019 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 5,871,250 | 5,871,250 |
Common stock, shares outstanding | 5,871,250 | 5,871,250 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Oct. 31, 2019 | Oct. 31, 2018 | Oct. 31, 2019 | Oct. 31, 2018 | |
Income Statement [Abstract] | ||||
Revenues | $ 0 | $ 0 | $ 0 | $ 0 |
OPERATING EXPENSES | ||||
General and Administrative Expenses | 19,519 | 8,060 | 39,403 | 21,519 |
TOTAL OPERATING EXPENSES | 19,519 | 8,060 | 39,403 | 21,519 |
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAX | (19,519) | (8,060) | (39,403) | (21,519) |
PROVISION FOR INCOME TAXES | 0 | 0 | 0 | 0 |
Net loss from continuing operations | (19,519) | (8,060) | (39,403) | (21,519) |
Net loss from discontinued operations | 0 | (31,989) | 0 | (34,356) |
NET LOSS | $ (19,519) | $ (40,049) | $ (39,403) | $ (55,875) |
Net loss per share: Basic and Diluted - continuing operations | $ 0 | $ 0 | $ (0.01) | $ 0 |
Net loss per share: Basic and Diluted - discontinued operations | $ (0.01) | $ (0.01) | ||
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED | 5,871,250 | 5,871,250 | 5,871,250 | 5,871,250 |
Condensed Statements of Changes
Condensed Statements of Changes in Stockholders' (Deficit) Equity (unaudited) - USD ($) | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning balance, shares at Apr. 30, 2018 | 5,871,250 | |||
Beginning balance, value at Apr. 30, 2018 | $ 5,871 | $ 45,054 | $ (8,770) | $ 42,155 |
Forgiveness for related party loans | 13,770 | 13,770 | ||
Net loss for the period | (55,875) | (55,875) | ||
Ending balance, shares at Oct. 31, 2018 | 5,871,250 | |||
Ending balance, value at Oct. 31, 2018 | $ 5,871 | 58,824 | (64,645) | 50 |
Beginning balance, shares at Jul. 31, 2018 | 5,871,250 | |||
Beginning balance, value at Jul. 31, 2018 | $ 5,871 | 45,054 | (24,596) | 26,329 |
Forgiveness for related party loans | 13,770 | 13,770 | ||
Net loss for the period | (40,049) | (40,049) | ||
Ending balance, shares at Oct. 31, 2018 | 5,871,250 | |||
Ending balance, value at Oct. 31, 2018 | $ 5,871 | 58,824 | (64,645) | 50 |
Beginning balance, shares at Apr. 30, 2019 | 5,871,250 | |||
Beginning balance, value at Apr. 30, 2019 | $ 5,871 | 58,824 | (114,937) | (50,242) |
Net loss for the period | (39,403) | (39,403) | ||
Ending balance, shares at Oct. 31, 2019 | 5,871,250 | |||
Ending balance, value at Oct. 31, 2019 | $ 5,871 | 58,824 | (154,340) | (89,645) |
Beginning balance, shares at Jul. 31, 2019 | 5,871,250 | |||
Beginning balance, value at Jul. 31, 2019 | $ 5,871 | 58,824 | (134,821) | (70,126) |
Net loss for the period | (19,519) | (19,519) | ||
Ending balance, shares at Oct. 31, 2019 | 5,871,250 | |||
Ending balance, value at Oct. 31, 2019 | $ 5,871 | $ 58,824 | $ (154,340) | $ (89,645) |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Oct. 31, 2019 | Oct. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (39,403) | $ (55,875) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Other payable and accruals | 7,836 | 0 |
Net cash used in operating activities - continuing operations | (31,567) | (55,875) |
Net cash provided by operating activities - discontinued operations | 0 | 57,104 |
CASH FLOWS USED IN OPERATING ACTIVITIES | (31,567) | 1,229 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
CASH FLOWS USED IN INVESTING ACTIVITIES | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from related party loans | 31,567 | 0 |
Net cash provided by financing activities - continuing operations | 31,567 | 0 |
Net cash used in financing activities - discontinued operations | 0 | (5,600) |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 31,567 | (5,600) |
NET DECREASE IN CASH AND CASH EQUIVALENTS | 0 | (4,371) |
Cash and cash equivalents, beginning of period | 0 | 4,421 |
Cash and cash equivalents, end of period | 0 | 0 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Interest paid | 0 | 0 |
Income taxes paid | 0 | 0 |
NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
Forgiveness for related party loans | $ 0 | $ 13,770 |
1. Basis of Presentation
1. Basis of Presentation | 6 Months Ended |
Oct. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Note 1 – BASIS OF PRESENTATION The accompanying unaudited condensed financial statements have been prepared by management in accordance with both accounting principles generally accepted in the United States (“GAAP”), and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. In the opinion of management, the balance sheet as of April 30, 2019 which has been derived from audited financial statements and these unaudited condensed financial statements reflect all normal and considered necessary to state fairly the results for the periods presented. The results for the period ended October 31, 2019 are not necessarily indicative of the results to be expected for the entire fiscal year ending April 30, 2020 or for any future period. These unaudited condensed financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended April 30, 2019. |
2. Organization and Nature of B
2. Organization and Nature of Business | 6 Months Ended |
Oct. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Nature of Business | Note 2 – ORGANIZATION AND NATURE OF BUSINESS Yijia Group Corp. (formerly, Soldino Group Corp.) (“the Company”, “we”, “us” or “our”) was incorporated on January 25, 2017 under the laws of the State of Nevada, United States of America. The Company ceased its operations in October 2018. As such, the Company accounted for all of its assets, liabilities and results of operations up to October 31, 2018 as discontinued operations. From November 1, 2018, the Company is considered a shell company. On October 31, 2018, Aurora Fiorin resigned as the President, Treasurer, Secretary and Director of the Company. Ms. Fiorin’s resignation as President, Treasurer and Secretary was effective immediately. Ms. Fiorin’s resignation as a Director was effective ten (10) days following the filing by the Company of the Information Statement on Schedule 14f-1 with the United States Securities and Exchange Commission (the “SEC”). Prior to Ms. Fiorin’s, resignation, she Company appointed Ms. Shaoyin Wu as the new President and Chief Executive Officer of the Company and Mr. Kim Lee Poh as the Company’s new Chief Financial Officer and Secretary. Messrs. Wu and Poh were appointed as the new board members of the Company together with Mr. Jian Yang. On November 15, 2018, the Company filed a Certificate of Amendment to the Articles of Incorporation with Nevada’s Secretary of State to change its name to Yijia Group Corp. |
3. Going Concern Uncertainties
3. Going Concern Uncertainties | 6 Months Ended |
Oct. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern Uncertainties | Note 3 – GOING CONCERN UNCERTAINTIES The accompanying unaudited condensed financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company incurred net loss of $39,403 for the six months ended October 31, 2019 and an accumulated deficit of $154,340. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern without future profitability. Management anticipates that the Company will be dependent, in 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. The accompanying financial statements have been prepared on a going concern basis which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern. |
4. Summary of Significant Accou
4. Summary of Significant Accounting Policies | 6 Months Ended |
Oct. 31, 2019 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 4 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of the unaudited condensed financial statements in conformity with accounting principles generally accepted in the U.S. 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. Depreciation, Amortization, and Capitalization The Company records depreciation and amortization when appropriate using straight-line method over the estimated useful life of the assets. We estimate that the useful life of equipment is 5 years and the useful life of leasehold improvements is 3 years. 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 appropriate accounts and the resultant gain or loss is included in net income. The Company had $0 and $2,367 of depreciation expense for the three months ended October 31, 2019 and 2018 The Company had $0 and $4,734 of depreciation expense for the six months ended October 31, 2019 and 2018. As of October 31, 2018, all of the Company’s fixed assets were fully written off in the discontinued operations. 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 related party approximates its fair value due to their short-term maturity. 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 adopted Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”) using the full retrospective transition method. The Company's adoption of ASU 2014-09 did not have a material impact on the amount and timing of revenue recognized in its condensed consolidated financial statements. No revenue was generated in the three and six months ended October 31, 2019 and 2018, from the continuing operation. Net Loss Per Share The Company computes net loss per share in accordance with FASB ASC 260 “Earnings per Share”. Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of October 31, 2019, there were no potentially dilutive debt or equity instruments issued or outstanding. Currencies The Company’s reporting and functional currencies are both the U.S. dollar. Foreign currency transaction gains and losses are included in other income (expense) but are negligible. Comprehensive Income Comprehensive income is defined as all changes in stockholders’ deficit, exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of October 31, 2019 and April 30, 2019, there were no differences between our comprehensive loss and net loss. Related parties Parties, which can be a corporation or individual, are considered to be if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence. Reclassification Certain reclassifications have been made to the financial statements for the prior periods to present that information on a basis consistent with the current period. Recent Accounting Pronouncements In February 2016, the Financial Accounting Standard Board (“FASB”) issued ASU No. 2016-02, Leases (Topic 842) In August 2018, the FASB issued final guidance requiring a customer in a cloud computing arrangement that is a service contract to follow the internal use software guidance in (ASC 350-402) Intangibles—Goodwill and Other—Internal Use Software (Subtopic 350-40 Management has reviewed all recently issued, but not yet effective, accounting pronouncements and believes none of these pronouncements will have a material impact on the financial statements of the Company. |
5. Related Party Loans
5. Related Party Loans | 6 Months Ended |
Oct. 31, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Loans | Note 5 – RELATED PARTY LOANS Related party loan represents temporary advance by the director of the Company. The amount is unsecured, interest-free and has no fixed terms of repayment. |
6. Common Stock
6. Common Stock | 6 Months Ended |
Oct. 31, 2019 | |
Equity [Abstract] | |
Common Stock | Note 6 – COMMON STOCK The Company has authorized 75,000,000 shares of common stock with a par value of $0.001 per share. As of October 31, 2019 and April 30, 2019, the Company had 5,871,250 and 5,871,250 shares of common stock issued and outstanding respectively. |
7. Commitments and Contingencie
7. Commitments and Contingencies | 6 Months Ended |
Oct. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 7 – COMMITMENTS AND CONTINGENCIES As of October 31, 2019, the Company has no material commitments and contingencies. |
8. Interest and Penalities
8. Interest and Penalities | 6 Months Ended |
Oct. 31, 2019 | |
Interest And Penalities | |
Interest and Penalities | Note 8 – INTEREST AND PENALTIES The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of October 31, 2019 and April 30, 2019, the Company had no accrued interest or penalties related to uncertain tax positions. |
9. Income Taxes
9. Income Taxes | 6 Months Ended |
Oct. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 9 – INCOME TAXES The Company adopted the provisions of uncertain tax positions as addressed in ASC 740-10-65-1. As a result of the implementation of ASC 740-10-65-1, the Company recognized no increase in the liability for unrecognized tax benefits. The Company has no tax position at October 31, 2019 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company does not recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. No such interest or penalties were recognized during the period presented. The Company had no accruals for interest and penalties at October 31, 2019. The Company’s utilization of any net operating loss carry forward may be unlikely as a result of its intended activities. The valuation allowance at October 31, 2019 was $32,411. The net change in valuation allowance during the three and six months ended October 31, 2019 was $4,099 and $8,275. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income 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 income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of October 31, 2019 and 2018. All tax years since inception remains open for examination only by taxing authorities of US Federal and state of Nevada. The Company has a net operating loss carryforward for tax purposes totaling $154,340 at October 31, 2019, expiring through 2039. There is a limitation on the amount of taxable income that can be offset by carryforwards after a change in control (generally greater than a 50% change in ownership). Temporary differences, which give rise to a net deferred tax asset, are as follows: As of As of Non-current deferred tax assets: Net operating loss carryforward $ (154,340 ) $ (64,645 ) Total deferred tax assets (32,411 ) (13,575 ) Valuation allowance 32,411 13,575 Net deferred tax assets $ – $ – The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for the six months ended October 31, 2019 as follows: Six months ended Six months ended Computed "expected" tax benefit $ (32,411 ) $ (13,575 ) Change in valuation allowance 32,411 13,575 Actual tax benefit $ – $ – |
10. Subsequent Events
10. Subsequent Events | 6 Months Ended |
Oct. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 10 – SUBSEQUENT EVENTS In accordance with ASC Topic 855 “Subsequent Events”, the Company has analyzed its operations subsequent to October 31, 2019 to the date these financial statements were available to be issued, and has determined that it does not have any material subsequent events to disclose in these financial statements. |
4. Summary of Significant Acc_2
4. Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Oct. 31, 2019 | |
Accounting Policies [Abstract] | |
Use of Estimates | Use of Estimates The preparation of the unaudited condensed financial statements in conformity with accounting principles generally accepted in the U.S. 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. |
Depreciation, Amortization, and Capitalization | Depreciation, Amortization, and Capitalization The Company records depreciation and amortization when appropriate using straight-line method over the estimated useful life of the assets. We estimate that the useful life of equipment is 5 years and the useful life of leasehold improvements is 3 years. 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 appropriate accounts and the resultant gain or loss is included in net income. The Company had $0 and $2,367 of depreciation expense for the three months ended October 31, 2019 and 2018 The Company had $0 and $4,734 of depreciation expense for the six months ended October 31, 2019 and 2018. As of October 31, 2018, all of the Company’s fixed assets were fully written off in the discontinued operations. |
Fair Value of Financial Instruments | 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 related party approximates its fair value due to their short-term maturity. |
Income Taxes | 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 | Revenue Recognition The Company adopted Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”) using the full retrospective transition method. The Company's adoption of ASU 2014-09 did not have a material impact on the amount and timing of revenue recognized in its condensed consolidated financial statements. No revenue was generated in the three and six months ended October 31, 2019 and 2018, from the continuing operation. |
Net Loss Per Share | Net Loss Per Share The Company computes net loss per share in accordance with FASB ASC 260 “Earnings per Share”. Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of October 31, 2019, there were no potentially dilutive debt or equity instruments issued or outstanding. |
Currencies | Currencies The Company’s reporting and functional currencies are both the U.S. dollar. Foreign currency transaction gains and losses are included in other income (expense) but are negligible. |
Comprehensive Income | Comprehensive Income Comprehensive income is defined as all changes in stockholders’ deficit, exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of October 31, 2019 and April 30, 2019, there were no differences between our comprehensive loss and net loss. |
Related parties | Related parties Parties, which can be a corporation or individual, are considered to be if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence. |
Reclassification | Reclassification Certain reclassifications have been made to the financial statements for the prior periods to present that information on a basis consistent with the current period. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In February 2016, the Financial Accounting Standard Board (“FASB”) issued ASU No. 2016-02, Leases (Topic 842) In August 2018, the FASB issued final guidance requiring a customer in a cloud computing arrangement that is a service contract to follow the internal use software guidance in (ASC 350-402) Intangibles—Goodwill and Other—Internal Use Software (Subtopic 350-40 Management has reviewed all recently issued, but not yet effective, accounting pronouncements and believes none of these pronouncements will have a material impact on the financial statements of the Company. |
9. Income Taxes (Tables)
9. Income Taxes (Tables) | 6 Months Ended |
Oct. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
Deferred Tax Assets | As of As of Non-current deferred tax assets: Net operating loss carryforward $ (154,340 ) $ (64,645 ) Total deferred tax assets (32,411 ) (13,575 ) Valuation allowance 32,411 13,575 Net deferred tax assets $ – $ – |
Income Tax Reconciliation | Six months ended Six months ended Computed "expected" tax benefit $ (32,411 ) $ (13,575 ) Change in valuation allowance 32,411 13,575 Actual tax benefit $ – $ – |
3. Going Concern (Details Narra
3. Going Concern (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Oct. 31, 2019 | Oct. 31, 2018 | Oct. 31, 2019 | Oct. 31, 2018 | Apr. 30, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
Net loss | $ (19,519) | $ (40,049) | $ (39,403) | $ (55,875) | |
Accumulated deficit | $ (154,340) | $ (154,340) | $ (114,937) |
4. Summary of Significant Acc_3
4. Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Oct. 31, 2019 | Oct. 31, 2018 | Oct. 31, 2019 | Oct. 31, 2018 | |
Depreciation expense | $ 0 | $ 2,367 | $ 0 | $ 4,734 |
Revenue from continuing operations | $ 0 | $ 0 | $ 0 | $ 0 |
Antidilutive shares | 0 | |||
Equipment [Member] | ||||
Useful life of property | 5 years | |||
Leasehold Improvements [Member] | ||||
Useful life of property | 3 years |
6. Common Stock (Details Narrat
6. Common Stock (Details Narrative) - $ / shares | Oct. 31, 2019 | Apr. 30, 2019 |
Equity [Abstract] | ||
Common stock authorized | 75,000,000 | 75,000,000 |
Common stock par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 5,871,250 | 5,871,250 |
Common stock, shares outstanding | 5,871,250 | 5,871,250 |
7. Commitments and Contingenc_2
7. Commitments and Contingencies (Details Narrative) | Oct. 31, 2019USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments | $ 0 |
8. Interest and Penalities (Det
8. Interest and Penalities (Details Narrative) | Oct. 31, 2019USD ($) |
Interest And Penalities | |
Accrued interest or penalties related to uncertain tax positions | $ 0 |
9. Income Taxes (Details - Defe
9. Income Taxes (Details - Deferred taxes) - USD ($) | Oct. 31, 2019 | Oct. 31, 2018 |
Non-current deferred tax assets: | ||
Net operating loss carryforward | $ (154,340) | $ (64,645) |
Total deferred tax assets | (32,411) | (13,575) |
Valuation allowance | 32,411 | 13,575 |
Net deferred tax assets | $ 0 | $ 0 |
9. Income Taxes (Details - Tax
9. Income Taxes (Details - Tax reconcilation) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Oct. 31, 2019 | Oct. 31, 2018 | Oct. 31, 2019 | Oct. 31, 2018 | |
Income Tax Disclosure [Abstract] | ||||
Computed ""expected"" tax benefit | $ (32,411) | $ (13,575) | ||
Change in valuation allowance | 32,411 | 13,575 | ||
Actual tax benefit | $ 0 | $ 0 | $ 0 | $ 0 |
9. Income Taxes (Details Narrat
9. Income Taxes (Details Narrative) | 3 Months Ended | 6 Months Ended |
Oct. 31, 2019USD ($) | Oct. 31, 2019USD ($) | |
Income Tax Disclosure [Abstract] | ||
Net operating loss | $ 154,340 | $ 154,340 |
NOL expiration date | Dec. 31, 2039 | |
Change in valuation allowance | $ 4,099 | $ 8,275 |