Document and Entity Information
Document and Entity Information | 9 Months Ended |
Oct. 31, 2020shares | |
Document and Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Oct. 31, 2020 |
Document Fiscal Year Focus | 2021 |
Document Fiscal Period Focus | Q3 |
Entity Registrant Name | Minaro Corp. |
Entity Central Index Key | 0001710495 |
Current Fiscal Year End Date | --01-31 |
Entity Filer Category | Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 2,950,000 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | No |
Entity Shell Company | false |
Entity Small Business | true |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | true |
BALANCE SHEET
BALANCE SHEET - USD ($) | Oct. 31, 2020 | Jan. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Cash and cash equivalents | $ 2,422 | $ 511 |
Prepaid expenses | 5,285 | 15,983 |
Total Current Assets | 7,707 | 16,494 |
Fixed Assets | ||
Equipment, software, net | 18,199 | 10,995 |
Total Fixed Assets | 18,199 | 10,995 |
Total Assets | 25,906 | 27,489 |
Current Liabilities | ||
Related party loan | 36,135 | 16,900 |
Investments | 12,100 | 12,100 |
Customer deposits | 0 | 7,530 |
Total Current Liabilities | 48,235 | 36,530 |
Total Liabilities | $ 48,235 | $ 36,530 |
Stockholder's Equity | ||
Common stock, par value $0.001; 75,000,000 shares authorized, 2,950,000 and 2,950,000 shares issued and outstanding | 2,950 | 2,950 |
Additional paid in capital | $ 2,815 | $ 2,815 |
Retained earnings (accumulated deficit) | (28,094) | (14,806) |
Total Stockholder's Deficit | (22,329) | (9,041) |
Total Liabilities and Stockholder's Equity | $ 25,906 | $ 27,489 |
BALANCE SHEET (Parenthetical)
BALANCE SHEET (Parenthetical) - USD ($) | Oct. 31, 2020 | Jan. 31, 2020 |
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 and outstanding | 2,950,000 | 2,950,000 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2020 | Oct. 31, 2019 | Oct. 31, 2020 | Oct. 31, 2019 | |
Income Statement [Abstract] | ||||
REVENUES | $ 24,250 | $ 29,470 | $ 24,250 | $ 35,920 |
Costs of Revenues | 5,585 | 7,775 | 5,610 | 7,775 |
Gross Profit | 18,665 | 21,695 | 18,640 | 28,145 |
OPERATING EXPENSES | ||||
General and Administrative Expenses | (13,556) | (7,832) | (31,928) | (19,213) |
TOTAL OPERATING EXPENSES | (13,556) | (7,832) | (31,928) | (19,213) |
NET INCOME/LOSS FROM OPERATIONS | 5,109 | 13,863 | (13,288) | 8,932 |
PROVISION FOR INCOME TAXES | 0 | 2,911 | 0 | 1,876 |
NET INCOME/LOSS | $ 5,109 | $ 10,952 | $ (13,288) | $ 7,056 |
NET INCOME PER SHARE: BASIC AND DILUTED | $ 0 | $ 0 | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED | 2,950,000 | 2,830,000 | 2,830,000 | 2,830,000 |
STATEMENT OF CHANGES IN STOCKHO
STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY - 3 months ended Oct. 31, 2020 - USD ($) | Total | Common Stock | Additional Paid-in Capital | Accumulated Deficit |
Balance at Jul. 31, 2020 | $ (27,438) | $ 2,950 | $ 2,815 | $ (33,203) |
Balance (in shares) at Jul. 31, 2020 | 2,950,000 | |||
Net loss for the three months | 5,109 | 5,109 | ||
Balance at Oct. 31, 2020 | $ (22,329) | $ 2,950 | $ 2,815 | $ (28,094) |
Balance (in shares) at Oct. 31, 2020 | 2,950,000 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 9 Months Ended | |
Oct. 31, 2020 | Oct. 31, 2019 | |
Statement of Cash Flows [Abstract] | ||
Net Income | $ (13,288) | $ 7,056 |
Adjustments to reconcile net loss to net cash from operating activities: | ||
Depreciation | 14,467 | 0 |
Change in prepaid expenses | 10,698 | (16,784) |
Change in accounts payable | 0 | (1,125) |
Change in customer deposits | (7,530) | 0 |
Change in deferred income tax | 0 | 1,876 |
CASH FLOWS FROM OPERATING ACTIVITIES | 4,347 | (8,977) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of Fixed Assets | (21,671) | (3,550) |
CASH FLOWS USED IN INVESTING ACTIVITIES | (21,671) | (3,550) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Related party loan | 19,235 | 8,250 |
Investments | 0 | 12,100 |
CASH FLOWS FROM FINANCING ACTIVITIES | 19,235 | 20,350 |
NET CHANGE IN CASH | 1,911 | 7,823 |
Cash, beginning of period | 511 | 696 |
Cash, end of period | 2,422 | 8,519 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
- ORGANIZATION AND NATURE OF BU
- ORGANIZATION AND NATURE OF BUSINESS | 9 Months Ended |
Oct. 31, 2020 | |
- ORGANIZATION AND NATURE OF BUSINESS [Abstract] | |
- ORGANIZATION AND NATURE OF BUSINESS | Note 1 - ORGANIZATION AND NATURE OF BUSINESS Minaro Corp. (“the Company”) was incorporated in the State of Nevada on March 14, 2017. The Company is located in Cyprus. Its business is production of 3D visualizations (3D exterior for commercial space and interior renderings, prototyping, 3D modeling). Minaro Corp. is going to provide our clients with the high quality products, visualizing their thoughts and ideas. Our goal at the beginning of each new project is to reach the highest level of our client vision understanding in order to transform it into stunning 3D design visualization. |
- GOING CONCERN
- GOING CONCERN | 9 Months Ended |
Oct. 31, 2020 | |
- GOING CONCERN [Abstract] | |
- GOING CONCERN | Note 2 - GOING CONCERN The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), which contemplate continuation of the Company as a going concern. Therefore, there is 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 |
Oct. 31, 2020 | |
- 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 GAAP. The Company's year-end is January 31. Use of Estimates The preparation of financial statements in conformity with GAAP 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 of 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 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. Prepaid Expenses Prepaid Expenses are recorded at fair market value. The Company had $5,285 in prepaid expenses as of October 31, 2020. Customer Deposits Customer Deposits discloses a liability to customers for products. A customer deposit is an amount paid by a customer to a company prior to the company providing it with goods. The Company had $0 in customer deposit as of October 31, 2020. 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. Minaro Corp. NOTES TO THE FINANCIAL STATEMENTS October 31, 2020 (Unaudited) Equipment Equipment is stated at cost, net of accumulated depreciation. The cost of equipment and software is depreciated using the straight-line method over one and five years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the equipment's useful life are capitalized. Equipment 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. Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. ASC 606 adoption is on February 1, 2018. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts. For the nine months ended October 31, 2020, the Company has generated $24,250 revenue. Minaro Corp. provides 3D visualizations to its clients according to the signed contracts. Revenue is recognized when the order is completed and approved by the customer. 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. In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, “Compensation - Stock Compensation” (Topic 718): Improvements to Employee Share-Based Payment Accounting. This guidance changes how companies account for certain aspects of share-based payments to employees. Among other things, under the new guidance, companies will no longer record excess tax benefits and certain tax deficiencies in additional paid-in-capital (“APIC”), but will instead record such items as income tax expense or benefit in the income statement, and APIC pools will be eliminated. Companies will apply this guidance prospectively. Another component of the new guidance allows companies to make an accounting policy election for the impact of forfeitures on the recognition of expense for share-based payment awards, whereby forfeitures can be estimated, as required today, or recognized when they occur. If elected, the change to recognize forfeitures when they occur needs to be adopted using a modified retrospective approach. All of the guidance is effective for fiscal years beginning after December 15, 2016. Adoption of the ASU had no impact on our financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842), which issued new guidance related to leases that outlines a comprehensive lease accounting model and supersedes the current lease guidance. The new guidance requires lessees to recognize lease liabilities and corresponding right-of-use assets for all leases with lease terms of greater than 12 months. It also changes the definition of a lease and expands the disclosure requirements of lease arrangements. The new guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020. The Company is currently evaluating the impact of this guidance, if any, on its financial statements and related disclosures. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with ASC 260 “Earnings per Share”. Basic 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 loss per share excludes all potential common shares if their effect is anti-dilutive. For the nine months ended October 31, 2020 there were no potentially dilutive debt or equity instruments issued or outstanding. Minaro Corp. NOTES TO THE FINANCIAL STATEMENTS October 31, 2020 (Unaudited) |
- RELATED PARTY TRANSACTIONS
- RELATED PARTY TRANSACTIONS | 9 Months Ended |
Oct. 31, 2020 | |
- RELATED PARTY TRANSACTIONS [Abstract] | |
- RELATED PARTY TRANSACTIONS | Note 4 - RELATED PARTY TRANSACTIONS The Company's sole director has loaned to the Company $36,135. This loan is unsecured, non-interest bearing and due on demand. As of October 31, 2020 the Company's sole director has invested $12,100. |
- COMMITMENTS AND CONTINGENCIES
- COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Oct. 31, 2020 | |
- COMMITMENTS AND CONTINGENCIES [Abstract] | |
- COMMITMENTS AND CONTINGENCIES | Note 5 - COMMITMENTS AND CONTINGENCIES The Company has reentered signed rental agreement for a $267 monthly fee. From time-to-time, the Company is subject to various litigation and other claims in the normal course of business. The Company establishes liabilities in connection with legal actions that management deems to be probable and estimable. No amounts have been accrued in the financial statements with respect to any matters. |
- INCOME TAXES
- INCOME TAXES | 9 Months Ended |
Oct. 31, 2020 | |
- INCOME TAXES [Abstract] | |
- INCOME TAXES | Note 6 - INCOME TAXES The Company adopted the provisions of uncertain tax positions as addressed in ASC 740 “Income Taxes” (“ASC 740”). As a result of the implementation of ASC 740, the Company recognized no increase in the liability for unrecognized tax benefits. As of October 31, 2020 the Company had net operating loss carry forwards of approximately $28,094 that may be available to reduce future years' taxable income in varying amounts through 2031. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. 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, 2020. All tax years since inception remain open for examination by taxing authorities. The provision for Federal income tax consists of the following: As of October 31, 2020 As of January 31, 2020 Non-current deferred tax assets: Net operating loss carry forward $ (5,900) (3,109) Valuation allowance $ 5,900 3,109 Net deferred tax assets $ - - The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for the nine months ended October 31, 2020 as follows: Nine months ended October 31, 2020 Nine months ended October 31, 2019 Computed “expected” tax expense (benefit) $ (2,790) (1,876) Change in valuation allowance $ 2,790 1,876 Actual tax expense (benefit) $ - - Minaro Corp. NOTES TO THE FINANCIAL STATEMENTS October 31, 2020 (Unaudited) The related deferred tax benefit on the above unutilized tax losses has a full valuation allowance not recognized against it as there is no certainty of its realization. Management has evaluated tax positions in accordance with ASC 740 and has not identified any significant tax positions, other than those disclosed. |
- SUBSEQUENT EVENTS
- SUBSEQUENT EVENTS | 9 Months Ended |
Oct. 31, 2020 | |
- SUBSEQUENT EVENTS [Abstract] | |
- SUBSEQUENT EVENTS | Note 7 - SUBSEQUENT EVENTS In accordance with ASC 855, “Subsequent Events”, the Company has analyzed its operations subsequent to October 31, 2020, through December 21, 2020, and has determined the following events: On November 30, 2020, the Board of Directors of Minaro Corp., decided to dismiss Yulia Lazaridou as Secretary of the Company. On November 30, 2020, the Board of Directors appointed Luis Eduardo Rodriguez Campos as a member of the Board of Directors and to position of Secretary of the Company. From November 1, 2020 to December 21, 2020, the Company sold a total of 540,000 shares of its common stock to 18 investors in its public offering at a price of $0.02 per share for net proceeds of $10,800. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Oct. 31, 2020 | |
Significant Accounting Policies (Policies) [Abstract] | |
Basis of presentation | Basis of presentation The accompanying financial statements have been prepared in accordance with GAAP. The Company's year-end is January 31. Use of Estimates The preparation of financial statements in conformity with GAAP 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 of 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 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. Prepaid Expenses Prepaid Expenses are recorded at fair market value. The Company had $5,285 in prepaid expenses as of October 31, 2020. Customer Deposits Customer Deposits discloses a liability to customers for products. A customer deposit is an amount paid by a customer to a company prior to the company providing it with goods. The Company had $0 in customer deposit as of October 31, 2020. 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. Minaro Corp. NOTES TO THE FINANCIAL STATEMENTS October 31, 2020 (Unaudited) Equipment Equipment is stated at cost, net of accumulated depreciation. The cost of equipment and software is depreciated using the straight-line method over one and five years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the equipment's useful life are capitalized. Equipment 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. Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. ASC 606 adoption is on February 1, 2018. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts. For the nine months ended October 31, 2020, the Company has generated $24,250 revenue. Minaro Corp. provides 3D visualizations to its clients according to the signed contracts. Revenue is recognized when the order is completed and approved by the customer. 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. In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, “Compensation - Stock Compensation” (Topic 718): Improvements to Employee Share-Based Payment Accounting. This guidance changes how companies account for certain aspects of share-based payments to employees. Among other things, under the new guidance, companies will no longer record excess tax benefits and certain tax deficiencies in additional paid-in-capital (“APIC”), but will instead record such items as income tax expense or benefit in the income statement, and APIC pools will be eliminated. Companies will apply this guidance prospectively. Another component of the new guidance allows companies to make an accounting policy election for the impact of forfeitures on the recognition of expense for share-based payment awards, whereby forfeitures can be estimated, as required today, or recognized when they occur. If elected, the change to recognize forfeitures when they occur needs to be adopted using a modified retrospective approach. All of the guidance is effective for fiscal years beginning after December 15, 2016. Adoption of the ASU had no impact on our financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842), which issued new guidance related to leases that outlines a comprehensive lease accounting model and supersedes the current lease guidance. The new guidance requires lessees to recognize lease liabilities and corresponding right-of-use assets for all leases with lease terms of greater than 12 months. It also changes the definition of a lease and expands the disclosure requirements of lease arrangements. The new guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020. The Company is currently evaluating the impact of this guidance, if any, on its financial statements and related disclosures. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with ASC 260 “Earnings per Share”. Basic 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 loss per share excludes all potential common shares if their effect is anti-dilutive. For the nine months ended October 31, 2020 there were no potentially dilutive debt or equity instruments issued or outstanding. Minaro Corp. NOTES TO THE FINANCIAL STATEMENTS October 31, 2020 (Unaudited) |
- INCOME TAXES (Tables)
- INCOME TAXES (Tables) | 9 Months Ended |
Oct. 31, 2020 | |
- INCOME TAXES (Tables) [Abstract] | |
The provision for Federal income tax consists | The provision for Federal income tax consists of the following: As of October 31, 2020 As of January 31, 2020 Non-current deferred tax assets: Net operating loss carry forward $ (5,900) (3,109) Valuation allowance $ 5,900 3,109 Net deferred tax assets $ - - |
The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for the nine months ended October 31, 2020 | The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for the nine months ended October 31, 2020 as follows: Nine months ended October 31, 2020 Nine months ended October 31, 2019 Computed “expected” tax expense (benefit) $ (2,790) (1,876) Change in valuation allowance $ 2,790 1,876 Actual tax expense (benefit) $ - - |
- SUMMARY OF SIGNIFCANT ACCOU_2
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Details Text) | Oct. 31, 2020USD ($) |
Summary Of Signifcant Accounting Policies Details [Abstract] | |
The Company had $5,285 in prepaid expenses as of October 31, 2020. | $ 5,285 |
The Company had $0 in customer deposit as of October 31, 2020. | 0 |
For the nine months ended October 31, 2020, the Company has generated $24,250 revenue | $ 24,250 |
- RELATED PARTY TRANSACTIONS (D
- RELATED PARTY TRANSACTIONS (Details Text) | Oct. 31, 2020USD ($) |
Related Party Transaction, Due from (to) Related Party, Current [Abstract] | |
As of October 31, 2020 the Company's sole director has invested $12,100. | $ 12,100 |
- COMMITMENTS AND CONTINGENCI_2
- COMMITMENTS AND CONTINGENCIES (Details Text) | Oct. 31, 2020USD ($) |
Commitments And Contingencies__ [Abstract] | |
The Company has reentered signed rental agreement for a $267 monthly fee. | $ 267 |
- INCOME TAXES (Details 1)
- INCOME TAXES (Details 1) - USD ($) | Oct. 31, 2020 | Jan. 31, 2020 |
Deferred Income Taxes and Other Liabilities [Abstract] | ||
Net operating loss carry forward | $ (5,900) | $ (3,109) |
Valuation allowance | 5,900 | $ 3,109 |
Net deferred tax assets | $ 0 |
- INCOME TAXES (Details 2)
- INCOME TAXES (Details 2) - USD ($) | 9 Months Ended | |
Oct. 31, 2020 | Oct. 31, 2019 | |
Income Tax Expense (Benefit), Continuing Operations [Abstract] | ||
Computed "expected" tax expense (benefit) | $ (2,790) | $ (1,876) |
Change in valuation allowance | 2,790 | $ 1,876 |
Actual tax expense (benefit) | $ 0 |
- INCOME TAXES (Details Text)
- INCOME TAXES (Details Text) | Oct. 31, 2020USD ($) |
Deferred Income Taxes and Other Liabilities [Abstract] | |
As of October 31, 2020 the Company had net operating loss carry forwards of approximately $28,094 that may be available to reduce future years' taxable income in varying amounts through 2031 | $ 28,094 |
- SUBSEQUENT EVENTS (Details Te
- SUBSEQUENT EVENTS (Details Text) | 2 Months Ended |
Dec. 21, 2020shares | |
- SUBSEQUENT EVENTS [Abstract] | |
From November 1, 2020 to December 21, 2020, the Company sold a total of 540,000 shares of its common stock to 18 investors in its public offering at a price of $0.02 per share for net proceeds of $10,800. | 10,800 |