Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
Jan. 31, 2020 | Mar. 19, 2020 | |
Document and Entity Information [Abstract] | ||
Document Type | 10-K | |
Amendment Flag | false | |
Document Period End Date | Jan. 31, 2020 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | FY | |
Entity Registrant Name | TIBURON INTERNATIONAL TRADING CORP. | |
Entity Central Index Key | 0001714379 | |
Current Fiscal Year End Date | --01-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Public Float | $ 0 | |
Entity Common Stock, Shares Outstanding | 3,478,334 | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Shell Company | false | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jan. 31, 2020 | Jan. 31, 2019 |
Current Assets | ||
Cash | $ 46 | $ 23,281 |
Total current assets | 46 | 23,281 |
Property and equipment net | 550 | 950 |
Total Assets | 596 | 24,231 |
Current Liabilities | ||
Loan from related parties | 12,763 | 9,863 |
Accounts payable | 0 | 2,750 |
Total current liabilities | 12,763 | 12,613 |
Total Liabilities | 12,763 | 12,613 |
Commitments & Contingencies | $ 0 | $ 0 |
Common stock, $0.001 par value, 75,000,000 shares authorized; 3,478,334 shares issued and outstanding as of January 31, 2020 and as of January 31, 2019 | 3,478 | 3,478 |
Additional Paid-In-Capital | $ 26,372 | $ 26,372 |
Accumulated deficit | (42,017) | (18,232) |
Total Stockholders' Equity (Deficit) | (12,167) | 11,618 |
Total Liabilities and Stockholders' Equity (Deficit) | $ 596 | $ 24,231 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - USD ($) | Jan. 31, 2020 | Jan. 31, 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 and outstanding | 3,478,334 | 3,478,334 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Jan. 31, 2020 | Jan. 31, 2019 | |
Income Statement [Abstract] | ||
Revenue | $ 4,500 | $ 10,250 |
Cost of goods sold | 2,700 | 6,150 |
Gross Profit | 1,800 | 4,100 |
Operating expenses: | ||
Professional fees | 13,800 | 19,480 |
General and administrative expenses | 11,785 | 1,769 |
Net income (loss) from operations | (23,785) | (17,149) |
Income (Loss) before provision for income taxes | (23,785) | (17,149) |
Provision for income taxes | 0 | 0 |
Net income (loss) | $ (23,785) | $ (17,149) |
Income (loss) per common share: Basic and Diluted | $ (0.01) | $ (0.01) |
Weighted Average Number of Common Shares Outstanding: Basic and Diluted | 3,478,334 | 2,596,296 |
STATEMENT OF STOCKHOLDERS' EQUI
STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) | Total | Number of Common Shares | Additional Paid-In-Capital | Deficit accumulated |
Balances at Jan. 31, 2018 | $ 1,417 | $ 2,500 | $ (1,083) | |
Balances (in shares) at Jan. 31, 2018 | 2,500,000 | |||
Shares issued at $0.01 | 1,000 | 100 | 900 | |
Shares issued at $0.01 (in shares) | $ 100,000 | |||
Shares issued at $0.03 | 26,350 | 878 | 25,472 | |
Shares issued at $0.03 (in shares) | $ 878,334 | |||
Net income (loss) for the year | $ (17,149) | (17,149) | ||
Balances at Jan. 31, 2019 | 11,618 | $ 3,478 | $ 26,372 | (18,232) |
Balances (in shares) at Jan. 31, 2019 | 3,478,334 | |||
Net income (loss) for the year | (23,785) | (23,785) | ||
Balances at Jan. 31, 2020 | $ (12,167) | $ 3,478 | $ 26,372 | $ (42,017) |
Balances (in shares) at Jan. 31, 2020 | 3,478.334 |
STATEMENT OF STOCKHOLDERS' EQ_2
STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) | Jan. 31, 2019$ / sharesshares |
Statement of Stockholders' Equity [Abstract] | |
Shares issued at $0.01 | shares | 0.01 |
Shares issued at $0.03 | $ / shares | $ 0.03 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Jan. 31, 2020 | Jan. 31, 2019 | |
Cash flows from Operating Activities | ||
Net loss | $ (23,785) | $ (17,149) |
Depreciation | 400 | 250 |
Increase (decrease) in accounts payable | (2,750) | 2,750 |
Net cash used in operating activities | (26,135) | (14,149) |
Cash flows from Investing Activities | ||
Purchase of property and equipment | 0 | (1,200) |
Net cash used in investing activities | 0 | (1,200) |
Cash flows from Financing Activities | ||
Proceeds of loan from shareholder | 2,900 | 6,810 |
Proceeds from issuance of common stock | 0 | 27,350 |
Net cash provided by financing activities | 2,900 | 34,160 |
Net increase (decrease) in cash and equivalents | (23,235) | 18,811 |
Cash and equivalents at beginning of the period | 23,281 | 4,470 |
Cash and equivalents at end of the period | 46 | 23,281 |
Cash paid for: | ||
Interest | 0 | 0 |
Taxes | $ 0 | $ 0 |
- ORGANIZATION AND BUSINESS
- ORGANIZATION AND BUSINESS | 12 Months Ended |
Jan. 31, 2020 | |
- ORGANIZATION AND BUSINESS [Abstract] | |
- ORGANIZATION AND BUSINESS | NOTE 1 - ORGANIZATION AND BUSINESS TIBURON INTERNATIONAL TRADING CORP. (the “Company”) is a corporation established under the corporation laws in the State of Nevada on February 17, 2017. We are a development stage company and intend to commence operations in the distribution of air infiltration valves from China to the markets of Europe and Commonwealth of Independent States (CIS) countries. The Company has adopted January 31 fiscal year end. |
- GOING CONCERN
- GOING CONCERN | 12 Months Ended |
Jan. 31, 2020 | |
- GOING CONCERN [Abstract] | |
- GOING CONCERN | NOTE 2 - GOING CONCERN The Company's financial statements as of January 31, 2020 been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has accumulated losses from inception (February 17, 2017) to January 31, 2020 of $42,017. These factors among others raise substantial doubt about the ability of the company to continue as a going concern for a reasonable period of time. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
- SUMMARY OF SIGNIFICANT ACCOUN
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Jan. 31, 2020 | |
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Property and Equipment Depreciation Policy Property and equipment are recorded at cost and depreciated on the straight-line method over the estimated life of the asset. Depreciation expense for the year ended January 31, 2020 was $400 compared to $250 for the year ended January 31, 2019. New Accounting Pronouncements The Company has evaluated upcoming pronouncements and noted no others with a material effect on financial information. Revenue Recognition We adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact on our reported revenue. F-6 Major customers During years ended January 31, 2020 and January 31, 2019 , the following customers represented more than 10% of the company's sales: Customer Year ended January 31, 2020 Year ended January 31, 2019 $ % $ % Customer A 4,500 100.00 2,500 24.39 Customer B - - 7,750 75.61 Total concentration $4,500 100.00 10,250 100.00 Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB 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. As of January 31, 2020, there were no potentially dilutive debt or equity instruments issued or outstanding. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At January 31, 2020 the Company's bank deposits did not exceed the insured amounts. Stock-Based Compensation As of January 31, 2020, the Company has not issued any stock-based payments to its employees. Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock options. Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions. Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. F-7 |
- CAPITAL STOCK
- CAPITAL STOCK | 12 Months Ended |
Jan. 31, 2020 | |
- CAPITAL STOCK [Abstract] | |
- CAPITAL STOCK | NOTE 4 - CAPITAL STOCK The Company has 75,000,000 shares of common stock authorized with a par value of $0.001 per share. On January 9, 2018, the Company issued 2,500,000 shares of its common stock to its sole Director and CEO at $0.001 per share for total proceeds of $2,500. On September 3, 2018, the Company issued 100,000 shares of its common stock at $0.01 per share for total proceeds of $1,000. In December 2018 and January 2019, the Company issued 878,334 shares of its common stock at $0.03 per share for total proceeds of $26,350. As of January 31, 2019 and January 31, 2020, the Company had 3,478,334 shares issued and outstanding. |
- RELATED PARTY TRANSACTIONS
- RELATED PARTY TRANSACTIONS | 12 Months Ended |
Jan. 31, 2020 | |
- RELATED PARTY TRANSACTIONS [Abstract] | |
- RELATED PARTY TRANSACTIONS | NOTE 5 - RELATED PARTY TRANSACTIONS In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. Since February 17, 2017 (I nception ) through January 31, 2020, the Company's sole officer and director loaned the Company $ 12,763 to pay for incorporation costs and operating expenses , $11,860 of this loan were cash deposits to the Company's bank account. As of January 31, 2020 , the amount outstanding was $ 12,763 . The loan is non-interest bearing, due upon demand and unsecured. |
- INCOME TAXES
- INCOME TAXES | 12 Months Ended |
Jan. 31, 2020 | |
- INCOME TAXES [Abstract] | |
- INCOME TAXES | NOTE 6 - INCOME TAXES The reconciliation of income tax benefit at the U.S. statutory rate of 21% for the periods ended January 31, 2019 and 2020 the company's effective tax rate is as follows: 2020 2019 Tax benefit at U.S. statutory rate $ 8,823 $ 3,828 Valuation allowance (8,823) (3,828) $ - $ - The Company has approximately $8,823 of net operating losses (“NOL”) carried forward to offset taxable income. 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 all of the 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. The Company files income tax returns in the U.S. federal jurisdiction. The Company is a Nevada corporation and Nevada state does not require the filing of income taxes. |
- SUBSEQUENT EVENTS
- SUBSEQUENT EVENTS | 12 Months Ended |
Jan. 31, 2020 | |
- SUBSEQUENT EVENTS [Abstract] | |
- SUBSEQUENT EVENTS | NOTE 7 - SUBSEQUENT EVENTS The Company has evaluated subsequent events from January 31, 2020 to March 19, 2020, the date the financial statements were issued and has determined that there are no items to disclose. F-8 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE None. ITEM 9A. CONTROLS AND PROCEDURES Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of January 31, 2020 . Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the year January 31, 2020 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. ITEM 9B. OTHER INFORMATION None. PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS OF THE COMPANY Our Director Yun Cai: Held his o f fices/positions since the inception of our Company and is expected to hold said o f fices/positions until the next annual meeting of our stockholders. The o f ficers listed are our only o f ficers and control persons. BACKGROUND INFORM A TION ABOUT OUR SOLE OFFICER AND DIREC T OR Yun Cai has acted as our President, Treasurer, Secretary and Director since our incorporation on February 17, 2017 . Since 2004, he has been working as a sole proprietor in the building material distribution business. Mr. Cai has never been in default with the bank or government and does not have any pending litigations or claims. Mr. Cai owns 71.87 % of the outstanding shares of our common stock . At the time of the appointment, Mr. Cai own ed 100% of the outstanding shares of our common stock. As such, it was unilaterally decided that Mr. Cai was going to be our President, Chief Executive Officer, Treasurer, Secretary, Chief Financial Officer, Chief Accounting Cai 's previous employments. Mr. Cai 's and previous experience, qualifications, attributes or skills were not considered when he w as appointed as our President, Chief Executive Officer, Treasurer, Chief Financial Officer, Chief Accounting Officer, Secretary and member of our board of directors. AUDIT COMMITTEE We do not have an audit committee financial expert. We do not have an audit committee financial expert because we believe the cost related to retaining a financial expert at this time is prohibitive. Further, because we have no operations, at the present time, we believe the services of a financial expert are not warranted. SIGNIFICANT EMPLOYEES Other than our director, we do not expect any other individuals to make a significant contribution to our business. ITEM 11. EXECUTIVE COMPENSATION The following tables set forth certain information about compensation paid, earned or accrued for services by our Executive Officer for the years ended January 31, 2020 And January 31, 2019 : Summary Compensation Table Name and Principal Position Year Salary ($) Bonus ($) Stock Awards ($) Option Awards ($) Non-Equity Incentive Plan Compensation ($) All Other Compensation ($) All Other Compensation ($) Total ($) Yun Cai, President, Secretary and Treasurer for the year ended January 31, 2019 -0- -0- -0- -0- -0- -0- -0- -0- February 1, 2019 to January 31, 2020 -0- -0- -0- -0- -0- -0- -0- -0- There are no current employment agreements between the company and its officer. There are no annuity, pension or retirement benefits proposed to be paid to the officer or director or employees in the event of retirement at normal retirement date pursuant to any presently existing plan provided or contributed to by the company or any of its subsidiaries, if any. CHANGE OF CONTROL As of January 31, 2020, we had no pension plans or compensatory plans or other arrangements which provide compensation in the event of a termination of employment or a change in our control. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS The following table sets forth, as of the date of this prospectus, the total number of shares owned beneficially by our directo r , o f ficers and key employees, individually and as a group, and the present owners of 5% or more of our total outstanding shares. The table also reflects what the percentage of ownership will be assu m ing completion of the sale of all shares in this o f fering, which we can't guarantee. The stockholder listed below has direct ownership of his shares and possesses sole voting and dispositive power with respect to the shares. Title of Class Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percentage Common Stock Yun Cai 2,500,000 shares of common stock (direct) 71.87 % The percent of class is based on 3,478,334 shares of common stock issued and outstanding as of the date of this annual report. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS On January 9, 2018 the Company issued a total of 2,500 ,000 shares of common stock to Mr. Yun Cai for cash at $0.001 per share for a total of $ 2,500 . Mr. Cai has loaned us funds for operations. T he loan was not made pursuant to any loan agreements or promissory note. The loan is unsecured, non-interest bearing and due on demand. The balance due to the Mr. Cai was $ 12,763 as of January 31, 2020 . H e is under no obligation to continue lending us money. ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES During the years ended January 31, 2020 and 2019, Fruci & Associates II, PLLC, served as our independent registered public accounting firm and provided us with certain audit and non-audit services. Fruci & Associates II, PLLC has served as our independent registered public accounting firm since 2018. The aggregate fees billed to us for professional accounting services by Fruci & Associates II, PLLC for the years ended January 31, 2020 and 2019 are respectively set forth in the table below. Year ended January 31, 2020 Year ended January 31, 2019 Audit fees $ 13,050 $ 15,030 Audit related fees $ - $ - All other fees $ - $ - Total: $ 13,050 $ 15,030 Audit fees During fiscal year ended January 31, 2020, we incurred $13,050 in fees to our principal independent accountants for professional services rendered in connection with the audit of our financial statements for the fiscal year ended PART IV ITEM 15. EXHIBITS The following exhibits are filed as part of this Annual Report. Exhibits: 31.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a) 32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002 101.INS XBRL Instance Document 101.SCH XBRL Taxonomy Extension Schema Document 101.CAL XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF XBRL Taxonomy Extension Definition Document 101.LAB XBRL Taxonomy Extension Label Linkbase Document 101.PRE XBRL Taxonomy Extension Presentation Linkbase Document SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TIBURON INTERNATIONAL TRADING CORP. Dated: March 19, 2020 By: /s/ Yun Cai Yun Cai, President and Chief Executive Officer and Chief Financial Officer |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Jan. 31, 2020 | |
Significant Accounting Policies (Policies) [Abstract] | |
Basis of Presentation | Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Property and Equipment Depreciation Policy Property and equipment are recorded at cost and depreciated on the straight-line method over the estimated life of the asset. Depreciation expense for the year ended January 31, 2020 was $400 compared to $250 for the year ended January 31, 2019. New Accounting Pronouncements The Company has evaluated upcoming pronouncements and noted no others with a material effect on financial information. Revenue Recognition We adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact on our reported revenue. F-6 Major customers During years ended January 31, 2020 and January 31, 2019 , the following customers represented more than 10% of the company's sales: Customer Year ended January 31, 2020 Year ended January 31, 2019 $ % $ % Customer A 4,500 100.00 2,500 24.39 Customer B - - 7,750 75.61 Total concentration $4,500 100.00 10,250 100.00 Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB 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. As of January 31, 2020, there were no potentially dilutive debt or equity instruments issued or outstanding. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At January 31, 2020 the Company's bank deposits did not exceed the insured amounts. Stock-Based Compensation As of January 31, 2020, the Company has not issued any stock-based payments to its employees. Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock options. Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions. Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. F-7 |
- SUMMARY OF SIGNIFICANT ACCO_2
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Jan. 31, 2020 | |
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) [Abstract] | |
During years ended January 31, 2020 and January 31, 2019, the following customers represented more than 10% of the company's sales | During years ended January 31, 2020 and January 31, 2019 , the following customers represented more than 10% of the company's sales: Customer Year ended January 31, 2020 Year ended January 31, 2019 $ % $ % Customer A 4,500 100.00 2,500 24.39 Customer B - - 7,750 75.61 Total concentration $4,500 100.00 10,250 100.00 |
- INCOME TAXES (Tables)
- INCOME TAXES (Tables) | 12 Months Ended |
Jan. 31, 2020 | |
- INCOME TAXES (Tables) [Abstract] | |
The reconciliation of income | The reconciliation of income tax benefit at the U.S. statutory rate of 21% for the periods ended January 31, 2019 and 2020 the company's effective tax rate is as follows: 2020 2019 Tax benefit at U.S. statutory rate $ 8,823 $ 3,828 Valuation allowance (8,823) (3,828) $ - $ - |
- SUBSEQUENT EVENTS (Tables)
- SUBSEQUENT EVENTS (Tables) | 12 Months Ended |
Jan. 31, 2020 | |
- SUBSEQUENT EVENTS (Tables) [Abstract] | |
Summary Compensation Table | Summary Compensation Table Name and Principal Position Year Salary ($) Bonus ($) Stock Awards ($) Option Awards ($) Non-Equity Incentive Plan Compensation ($) All Other Compensation ($) All Other Compensation ($) Total ($) Yun Cai, President, Secretary and Treasurer for the year ended January 31, 2019 -0- -0- -0- -0- -0- -0- -0- -0- February 1, 2019 to January 31, 2020 -0- -0- -0- -0- -0- -0- -0- -0- |
The following table sets forth, as of the date of this prospectus, the total number of shares owned beneficially by our director | The following table sets forth, as of the date of this prospectus, the total number of shares owned beneficially by our directo r , o f ficers and key employees, individually and as a group, and the present owners of 5% or more of our total outstanding shares. The table also reflects what the percentage of ownership will be assu m ing completion of the sale of all shares in this o f fering, which we can't guarantee. The stockholder listed below has direct ownership of his shares and possesses sole voting and dispositive power with respect to the shares. Title of Class Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percentage Common Stock Yun Cai 2,500,000 shares of common stock (direct) 71.87 % |
The aggregate fees billed to us for professional accounting services for the years ended January 31, 2020 and 2019 are respectively set forth in the table below. | During the years ended January 31, 2020 and 2019, Fruci & Associates II, PLLC, served as our independent registered public accounting firm and provided us with certain audit and non-audit services. Fruci & Associates II, PLLC has served as our independent registered public accounting firm since 2018. The aggregate fees billed to us for professional accounting services by Fruci & Associates II, PLLC for the years ended January 31, 2020 and 2019 are respectively set forth in the table below. Year ended January 31, 2020 Year ended January 31, 2019 Audit fees $ 13,050 $ 15,030 Audit related fees $ - $ - All other fees $ - $ - Total: $ 13,050 $ 15,030 |
- GOING CONCERN (Details Text)
- GOING CONCERN (Details Text) | 35 Months Ended |
Jan. 31, 2020USD ($) | |
Going Concern_ Details [Abstract] | |
The Company has accumulated losses from inception (February 17, 2017) to January 31, 2020 of $42,017 | $ 42,017 |
- SUMMARY OF SIGNIFICANT ACCO_3
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) | 12 Months Ended | |
Jan. 31, 2020 | Jan. 31, 2019 | |
Summary Of Significant Accounting Policies Details_ [Abstract] | ||
Customer A | $ 4,500 | $ 2,500 |
Customer B | 7,750 | |
Total concentration | $ 4,500 | $ 10,250 |
- SUMMARY OF SIGNIFICANT ACCO_4
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Text) - USD ($) | 12 Months Ended | |
Jan. 31, 2020 | Jan. 31, 2019 | |
Summary Of Significant Accounting Policies Details [Abstract] | ||
Depreciation expense for the year ended January 31, 2020 was $400 compared to $250 for the year ended January 31, 2019. | $ 400 | $ 250 |
The funds are insured up to $250,000 | $ 250,000 |
- CAPITAL STOCK (Details Text)
- CAPITAL STOCK (Details Text) - USD ($) | Jan. 31, 2020 | Jan. 31, 2019 | Dec. 31, 2018 | Sep. 03, 2018 | Jan. 09, 2018 |
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | |||||
On January 9, 2018, the Company issued 2,500,000 shares of its common stock to its sole Director and CEO at $0.001 per share for total proceeds of $2,500. | 2,500,000 | ||||
On September 3, 2018, the Company issued 100,000 shares of its common stock at $0.01 per share for total proceeds of $1,000 | $ 100,000 | ||||
In December 2018 and January 2019, the Company issued 878,334 shares of its common stock at $0.03 per share for total proceeds of $26,350. | $ 878,334 | ||||
As of January 31, 2019 and January 31, 2020, the Company had 3,478,334 shares issued and outstanding. | $ 3,478,334 | $ 3,478,334 |
- RELATED PARTY TRANSACTIONS (D
- RELATED PARTY TRANSACTIONS (Details Text) | Jan. 31, 2020USD ($) |
Related Party Transaction, Due from (to) Related Party [Abstract] | |
Since February 17, 2017 (Inception) through January 31, 2020, the Company's sole officer and director loaned the Company $12,763 to pay for incorporation costs and operating expenses, $11,860 of this loan were cash deposits to the Company's bank account | $ 11,860 |
- INCOME TAXES (Details 1)
- INCOME TAXES (Details 1) - USD ($) | Jan. 31, 2020 | Jan. 31, 2019 |
Income Taxes Details 1 [Abstract] | ||
Tax benefit at U.S. statutory rate | $ 8,823 | $ 3,828 |
Valuation allowance | $ (8,823) | $ (3,828) |
- INCOME TAXES (Details Text)
- INCOME TAXES (Details Text) | Jan. 31, 2020USD ($) |
Income Taxes Detailstext [Abstract] | |
The Company has approximately $8,823 of net operating losses ("NOL") carried forward to offset taxable income | $ 8,823 |
- SUBSEQUENT EVENTS (Details 1)
- SUBSEQUENT EVENTS (Details 1) | Jan. 31, 2020USD ($) |
Subsequent Events Details 1 [Abstract] | |
Amount and Nature of Beneficial Ownership: Yun Cai 2,500,000 shares | $ 71.87 |
- SUBSEQUENT EVENTS (Details 2)
- SUBSEQUENT EVENTS (Details 2) - USD ($) | 12 Months Ended | |
Jan. 31, 2020 | Jan. 31, 2019 | |
Subsequent Events Details 2 [Abstract] | ||
Audit fees | $ 13,050 | $ 15,030 |
Total: | $ 13,050 | $ 15,030 |
- SUBSEQUENT EVENTS (Details Te
- SUBSEQUENT EVENTS (Details Text) | Jan. 31, 2020USD ($) |
Subsequent Events Detailstext [Abstract] | |
During fiscal year ended January 31, 2020, we incurred $13,050 in fees to our principal independent accountants for professional services rendered in connection with the audit of our financial statements for the fiscal year ended January 31, 2020 and for the reviews of our financial statements for the quarters ended April 30, 2019, July 31, 2019 and October 31, 2019. | $ 13,050 |